Money & Banking US Fed opens policy meeting with steep rate hike on the table WASHINGTON: US central bankers opened their two-day policy meeting on Tuesday with another steep interest rate hike... Published 20 Sep, 2022 10:40pm
Companies TECNO Camon 19 Pro will feature the first human eye-like camera sensors in Pakistan TECNO Mobile`s globally-launched Pro and Mondrian variants of the Camon 19 series are expected to launch soon in... Published 20 Sep, 2022 08:15pm
Twitter to depose Elon Musk in Delaware on Sept. 26-27 WILMINGTON: Twitter Inc will question Elon Musk under oath in Delaware next week as part of the litigation in the... Updated 20 Sep, 2022 08:42pm
Stocks Fifth successive loss: KSE-100 loses 0.72% due to rupee depreciation Local currency fails to recover despite receipt of IMF tranche, rollover of Saudi Arabian deposit Published 20 Sep, 2022 06:46pm
Money & Banking Auto financing falls in August Outstanding consumer financing for transport, which includes purchase of cars etc, stood at Rs353 billion as of... Published 20 Sep, 2022 04:01pm
Stocks Most Gulf stocks rise in line broader Asian gains Most stock markets in the Gulf rose in early trade on Tuesday, tracking Asian shares higher, with the Saudi... Published 20 Sep, 2022 02:37pm
Forex Russian rouble up slightly amid dollar liquidity fears The Russian rouble was up slightly against the US dollar on Tuesday, helped by rising oil prices, but weakened... Published 20 Sep, 2022 02:34pm
Commodities NY coffee targets $2.2465-$2.2730 range SINGAPORE: New York December coffee may rise into the $2.2465-$2.2730 range, as it has broken resistance at... Published 20 Sep, 2022 02:33pm
Energy Russia’s surging oil exports to China in Aug fail to keep Saudis down SINGAPORE: China’s crude oil imports from Russia in August surged 28% from a year earlier, official data showed on... Published 20 Sep, 2022 02:31pm
Financial UBS seeing positive client flows this quarter ZURICH: UBS Group is seeing positive flows of client funds this quarter, the co-head of the Swiss bank’s wealth... Published 20 Sep, 2022 02:27pm
Energy Aramco CEO says Europe’s energy crisis plans only short-term solution DUBAI: The head of Saudi state oil giant Aramco said on Tuesday Europe’s plans to cap energy bills for consumers and... Published 20 Sep, 2022 02:22pm
Energy Iran ready to offer Lebanon 600,000 tonnes of fuel Iranian officials told a Lebanese technical delegation visiting Tehran on Tuesday that Iran could offer Lebanon... Published 20 Sep, 2022 02:20pm
Stocks Europe equities drop on jumbo Swedish rate hike LONDON: European stocks retreated Tuesday as Sweden’s jumbo interest rate hike, aimed at tackling inflation, stoked... Updated 20 Sep, 2022 05:19pm
Financial Cryptoverse: After Merge, ether heads for a $20 billion Shanghai splurge The Merge came, saw and conquered. Not that you’d guess from crypto prices. The Ethereum blockchain’s mega-upgrade... Published 20 Sep, 2022 12:50pm
Companies PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine NEW YORK/MOSCOW: PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the US... Published 20 Sep, 2022 12:43pm
Stocks Commodities, banks lift London’s FTSE 100 in big week for central banks UK’s benchmark FTSE 100 index advanced on Tuesday, lifted by commodity and banking stocks, while global markets... Published 20 Sep, 2022 12:34pm
Apple to raise App Store prices in several countries including Pakistan from October Apple Inc said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all... Updated 20 Sep, 2022 02:17pm
Forex China’s yuan weakens further ahead of expected Fed rate hike SHANGHAI: China’s yuan declined again versus the dollar on Tuesday, with the midpoint rate hitting a fresh 25-month... Published 20 Sep, 2022 12:23pm
Stocks China stocks track global peers higher ahead of Fed rate-hike decision SHANGHAI: China stocks rebounded on Tuesday, snapping a four-session losing streak in line with gains in global... Published 20 Sep, 2022 12:21pm
Business & Economy Flood relief: ADB 'working quickly to provide significant package' to Pakistan Package designed to support people, livelihoods, and infrastructure immediately, says ADB Updated 20 Sep, 2022 03:12pm
Commodities CBOT corn may rise to $6.90-3/4 before falling SINGAPORE: CBOT corn may rise to $6.90-3/4 per bushel, as it has more or less broken a resistance at $6.79-3/4. A... Published 20 Sep, 2022 12:15pm
Forex Asian FX subdued ahead of expected Fed rate hike, shares rebound Most Asian currencies were subdued on Tuesday as investors braced for a sizeable US Federal Reserve interest rate... Published 20 Sep, 2022 12:14pm
Forex South African rand near lowest since 2020 as markets brace for Fed JOHANNESBURG: The South African rand dipped early on Tuesday, trading near its weakest against the dollar since... Published 20 Sep, 2022 12:13pm
Forex Australia, NZ dollars give ground as yield buffer shrinks SYDNEY: The Australian and New Zealand dollars were pinned near recent lows on Tuesday as global risk sentiment... Published 20 Sep, 2022 11:59am
Zimbabwe growth to drop by half in 2022: IMF HARARE: Zimbabwe’s economic growth is projected to slump to around half of last year’s levels due to growing fiscal... Published 20 Sep, 2022 11:42am
Japan inflation at highest level since 2014 TOKYO: Inflation in Japan hit 2.8 percent in August, the highest level since 2014, government data showed Tuesday,... Published 20 Sep, 2022 11:40am
Stocks Hong Kong stocks end with much-needed gains HONG KONG: Hong Kong stocks closed well up on Tuesday as Asian markets rebounded from a recent sell-off, though... Updated 20 Sep, 2022 01:50pm
Commodities Drought decimates Texas’ key cotton crop WASHINGTON: On Sutton Page’s ravaged cotton fields, there is almost nothing left to pick. The Texas farmer managed... Published 20 Sep, 2022 11:38am
Stocks Asian markets see rare rally but caution rules as Fed hike nears HONG KONG: Asian markets enjoyed a much-needed bounce Tuesday, tracking Wall Street’s late rally as investors gird... Published 20 Sep, 2022 11:34am
Stocks China EV builder Leapmotor chasing $1bn Hong Kong IPO HONG KONG: Chinese electric vehicle manufacturer Zhejiang Leapmotor Technology is hoping to raise more than $1... Published 20 Sep, 2022 11:31am
Bullion Rate Spot gold may edge up to $1,685 before falling SINGAPORE: Spot gold may edge up to a resistance at $1,685 per ounce before falling, as suggested by a short... Published 20 Sep, 2022 10:57am
Commodities China’s soybean imports from Brazil plunge in August BEIJING: China’s soybean imports from Brazil plunged in August from a year ago, customs data showed on Tuesday, as... Published 20 Sep, 2022 10:55am
Commodities Palm surrenders early gains on higher output forecasts, profit-taking KUALA LUMPUR: Malaysian palm oil futures gave up early gains on Tuesday, as traders weighed forecasts of rising... Updated 20 Sep, 2022 11:58am
Financial BOJ seen sticking to ultra-low rates, defy global rate hike rush TOKYO: The Bank of Japan is set to maintain ultra-low interest rates and its dovish policy guidance on Thursday, a... Published 20 Sep, 2022 10:51am
Forex Rupee's depreciation run continues as cumulative fall since Sep 1 hits 8.5% Rupee settles at 238.91 against US dollar in inter-bank market, loses value for 13th successive session Updated 20 Sep, 2022 08:12pm
Malaysia’s Aug exports rise 48.2% year-on-year, above forecast KUALA LUMPUR: Malaysia’s exports in August jumped 48.2% from a year earlier, above expectations, government data... Published 20 Sep, 2022 10:43am
Financial Australia’s central bank says hikes could slow at some point SYDNEY: Australia’s central bank is set on raising interest rates again as it battles to contain red-hot inflation,... Published 20 Sep, 2022 10:41am
Stocks Indian shares rise 1% as global markets recover; Fed in focus BENGALURU: Indian shares rose in early trade on Tuesday, led by broad-based gains across sectors on the back of a... Published 20 Sep, 2022 10:37am
Energy Russia is considering $50bn hike in taxes on oil, gas in 2023-2025 Russia is considering raising taxes on the oil and gas sector to the tune of 3 trillion roubles ($50 billion) in... Updated 20 Sep, 2022 12:31pm
Energy China’s August clean marine fuel exports fall 21% on prior month China’s exports of very-low-sulphur marine fuel fell 21.34% in August from July, amid subdued international activity... Published 20 Sep, 2022 10:33am
Commodities China’s Aug coal imports from Russia, Indonesia soar as heatwave spurs power use SINGAPORE: China’s coal imports from Russia rose in August, exceeding last month’s level and hitting the highest in... Published 20 Sep, 2022 10:28am
Forex Indian rupee range-bound as all eyes on Fed decision, dollar flows MUMBAI: The Indian rupee closed marginally higher against the dollar in range-bound trading on Tuesday as investors... Updated 20 Sep, 2022 03:33pm
Stocks Japan’s stocks steady as investors await Fed, BOJ meetings TOKYO: Japanese stocks marked slight gains on Tuesday as investors zoned in on this week’s US Federal Reserve and... Updated 20 Sep, 2022 12:05pm
Energy US oil may test resistance at $86.76 SINGAPORE: US oil may test a resistance at $86.76 per barrel, a break above could open the way towards $87.66-$88.07... Published 20 Sep, 2022 10:22am
Mutual Funds Bond yields seen higher, tracking US peers; Fed decision eyed MUMBAI: Indian government bond yields are expected to open marginally higher on Tuesday, tracking US yields, as... Published 20 Sep, 2022 10:21am
Commodities Palm oil may fall into 3,481-3,583 ringgit range SINGAPORE: Palm oil may break a support of 3,646 ringgit per tonne, and fall into 3,481-3,583 ringgit range. Despite... Published 20 Sep, 2022 10:16am
Energy Brent oil may retest $92.53 after shallow drop Brent oil may retest a resistance at $92.53 per barrel, probably after a correction to $90.51. The rise from the... Published 20 Sep, 2022 10:15am
Stocks Aussie shares bounce back with all eyes on Fed meeting Australian shares on Tuesday recorded their best day in nearly two weeks with broad-based gains following a late... Updated 20 Sep, 2022 12:39pm
Energy Oil prices drop in advance of expected Fed rate hike NEW YORK: Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors... Updated 20 Sep, 2022 10:25pm
Forex Dollar firm as markets brace for another big Fed rate hike TOKYO: The dollar remained firm near a two-decade high versus major peers on Tuesday as investors braced for another... Updated 20 Sep, 2022 11:57am
Bullion Rate Gold prices flat on caution ahead of Fed policy meet Gold prices traded in a tight range on Tuesday, as cautious investors focused on the Federal Reserve’s policy... Published 20 Sep, 2022 10:03am
Industry Delay in opening of LCs irks RCCI ISLAMABAD: The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed grave concerns over the delay in... Published 20 Sep, 2022 07:51am
External debt keeps piling up every year: analyst KARACHI: In Pakistan the quantum of loan is increasing every year as the government secures new loans for the... Published 20 Sep, 2022 07:22am
Investors mixed as Porsche seeks price tag of up to $75bn BERLIN: Volkswagen shares hovered around breakeven on Monday, reflecting a mixed response from investors to the... Published 20 Sep, 2022 07:20am
German utilities close to long-term LNG deals with Qatar LONDON/FRANKFURT: German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas... Published 20 Sep, 2022 06:26am
Cotton & Textile Cotton’s spot rate sheds Rs300 amid steady trading LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday decreased the spot rate by Rs 300... Published 20 Sep, 2022 05:51am
Industry PM has destroyed hopes of business community: LCCI LAHORE: The Lahore Chamber of Commerce and Industry’s (LCCI) chief Mian Noman Kabir said on Monday that... Published 20 Sep, 2022 05:51am
Industry FCCI elections for corporation class held FAISALABAD: The first phase of Faisalabad Chamber of Commerce and Industry (FCCI) election for 2022-23 has been... Published 20 Sep, 2022 05:51am
Taxes Unauthorised absence for over 7 years: FBR sacks deputy commissioner of Karachi LTU ISLAMABAD: The Federal Board of Revenue (FBR) has dismissed from services Deputy Commissioner, Large Taxpayers Unit,... Published 20 Sep, 2022 05:51am
Money & Banking Sterling languishes near 37-year low vs dollar LONDON: Sterling was weaker against a robust dollar on Monday, hovering near last week’s 37-year low, with... Published 20 Sep, 2022 05:51am
Money & Banking US dollar advances as markets brace for hefty Fed rate hike LONDON/NEW YORK: The dollar gained against major currencies on Monday, trading within narrow ranges ahead of a slew... Published 20 Sep, 2022 05:51am
Industry Long outages are hurting industrial units badly, says TMA KARACHI: Chairman of South Circle of the Towel Manufacturers Association of Pakistan, Kamran Alam, has expressed ... Published 20 Sep, 2022 05:51am
Kaisa offshore creditors offer $2bn to take over stalled projects HONG KONG: An offshore bondholders’ group of cash-strapped Kaisa is offering up to $2 billion to acquire stalled... Published 20 Sep, 2022 05:51am