Middle East IMF condemns Lebanon ‘very slow progress’ on reforms BEIRUT: The International Monetary Fund on Wednesday condemned Lebanon’s “very slow” progress on implementing... Published 21 Sep, 2022 09:27pm
Stocks Defence, oil stocks lift London’s FTSE 100 amid Russia, Fed worries Defence and energy stocks led a recovery in UK’s blue-chip FTSE 100 from near three-week lows on Wednesday, while... Published 21 Sep, 2022 09:14pm
Import restrictions on CKD auto parts: car assemblers operating ‘just 5-9 days per month’ PAMA urges government to ease import restrictions Published 21 Sep, 2022 07:34pm
Stocks TSX rises as energy stocks jump on Russia jitters; Fed in focus Canada’s main stock index rose on Wednesday as energy shares climbed on firm crude oil prices after Russia’s... Published 21 Sep, 2022 07:22pm
USA US existing home sales fall less than expected in August WASHINGTON: US existing home sales dropped for the seventh straight month in August as affordability deteriorated... Published 21 Sep, 2022 07:19pm
Stocks Most Gulf bourses retreat as Russia threats add to Fed jitters Most stock markets in the Gulf fell on Wednesday as investors braced for a hefty interest rate hike from the U.S.... Published 21 Sep, 2022 06:47pm
Stocks KSE-100 falls below 41,000-point barrier owing to rupee’s slide Rupee drops near all-time low value as IMF tranche, loan rollover fail to reverse sentiment Published 21 Sep, 2022 06:46pm
Stocks Sri Lankan shares end higher as industrials rise Sri Lankan shares closed higher on Wednesday, snapping two straight sessions of losses, helped by gains in... Published 21 Sep, 2022 06:29pm
Commodities India examining allowing some rice export cargoes trapped at ports NEW DELHI: India is considering allowing the overseas shipment of some rice cargoes stuck at ports after the world's... Updated 21 Sep, 2022 09:23pm
Commodities Aluminium falls to 18-month low as markets brace for U.S. rate rise LONDON: Aluminium prices fell on Wednesday to their lowest since March 2021 as markets braced for another hefty U.S.... Published 21 Sep, 2022 05:48pm
Companies TECNO launches Camon 19 Pro in Pakistan with 64MP bright night portrait camera Camera has RGBW Technology and 0.98mm bezel Published 21 Sep, 2022 05:37pm
Commodities Palm jumps 4% on strong India demand, higher crude prices KUALA LUMPUR: Malaysian palm oil futures rose to a week’s high on Wednesday, buoyed by strong demand from top buyer... Published 21 Sep, 2022 05:14pm
Companies Apple may move a quarter of iPhone production to India by 2025: J.P.Morgan analysts Apple Inc may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech ... Published 21 Sep, 2022 05:09pm
Money & Banking India’s banking system liquidity may remain in deficit in second half MUMBAI: Liquidity in India’s banking system is likely to remain in deficit in the second half of this financial year... Published 21 Sep, 2022 04:53pm
USA US mortgage interest rates reach 6.25%, highest level since October 2008 The average interest rate on the most popular US home loan climbed to its highest level since October 2008, Mortgage... Published 21 Sep, 2022 04:38pm
Stocks Indian shares slip as Russia mobilisation compounds Fed rate worries BENGALURU: Indian shares ended lower after a choppy Wednesday session, as Russia’s escalation of the conflict in... Published 21 Sep, 2022 04:13pm
Pakistan needs massive investment to become climate resilient, FM tells US institution Says there must be particular focus on infrastructure development and renewable energy Updated 21 Sep, 2022 04:58pm
Stocks Stocks sink, bonds and gold gain as Russia threats amp up Fed jitters LONDON/TOKYO: Stocks fell, while safe havens such as government bonds and the dollar rose, as already anxious... Published 21 Sep, 2022 01:45pm
Stocks Oil stocks lift London’s FTSE 100 amid Russia angst as Fed looms UK’s commodity-heavy FTSE 100 reversed early losses on Wednesday, buoyed by oil stocks as crude prices surged on... Updated 21 Sep, 2022 01:42pm
Forex Asian FX weaken as Fed rate hike looms, Philippine peso hits record low The Philippine peso hit a record low against the dollar on Wednesday, as most other Asian currencies fell ahead of a... Published 21 Sep, 2022 01:14pm
Commodities CBOT wheat may extend its gains to $9.37-1/4 SINGAPORE: CBOT wheat may extend its gains to $9.37-1/4 per bushel, as suggested by a projection analysis. The... Published 21 Sep, 2022 01:11pm
Stocks Stocks recover before US rate hike LONDON: European stock markets recovered from initial falls Wednesday, as traders awaited another hefty US interest... Updated 21 Sep, 2022 05:17pm
Interest Rates US Fed raises key interest rate as recession fears mount It was the third consecutive increase of 0.75 percentage point Updated 21 Sep, 2022 11:51pm
Stocks Asian traders resume selling as another jumbo Fed hike looms HONG KONG: Asian markets resumed their downward spiral Wednesday after a brief respite the previous day, as traders... Published 21 Sep, 2022 12:36pm
Business & Economy ADB forecasts Pakistan's GDP growth to slow down to 3.5% in FY23 Recent devastating floods in Pakistan add profound risk to the country’s economic outlook, says ADB Country Director for Pakistan Yong Ye Updated 21 Sep, 2022 06:07pm
Forex Euro falls, safe-haven bonds rally on Putin comments LONDON: The euro fell and safe-haven bond markets in the euro area rallied on Wednesday, after Russian President... Published 21 Sep, 2022 12:12pm
Forex Rouble slumps, Russian stocks dive as Putin orders partial mobilisation MOSCOW: The rouble tumbled towards 63 against the dollar on Wednesday, scaling more than two-month lows, and Russian... Updated 21 Sep, 2022 01:17pm
Forex South African rand on back foot before inflation numbers, Fed JOHANNESBURG: The South African rand weakened in early trade on Wednesday, before the release of domestic inflation... Published 21 Sep, 2022 11:58am
NZ’s Ardern says Christchurch Call anti-online hate project gets new tech investments WELLINGTON: New Zealand Prime Minister Jacinda Ardern on Wednesday announced a new research initiative under a... Published 21 Sep, 2022 11:49am
Tencent Music shares open at HK$18 each in Hong Kong debut HONG KONG: China’s Tencent Music Entertainment Group shares started trading at HK$18 ($2.29) each in the company’s... Published 21 Sep, 2022 11:47am
Financial Australia’s RBA looking for opportunities to slow rate hikes SYDNEY: A top Australian central banker said on Wednesday monetary policy was not yet restrictive despite five rate... Published 21 Sep, 2022 11:42am
Commodities Palm ticks up on strong India demand, higher output limits gains KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, buoyed by strong export demand ahead of a key festival... Updated 21 Sep, 2022 12:21pm
Telecommunication TPL REIT Management Company, TASC Towers partner in bid to acquire telecom tower infrastructure Duo participates as consortium in auction process for acquisition through an infrastructure REIT Published 21 Sep, 2022 11:41am
India govt ‘in no hurry’ on medium-term inflation target NEW DELHI: India’s government is in no hurry to push inflation - now hovering near 7% and eight-year highs - back to... Published 21 Sep, 2022 11:38am
Forex Australia, NZ dollars left far behind as others rush to hike SYDNEY: The Australian and New Zealand dollars remained under pressure on Wednesday as expectations for more... Published 21 Sep, 2022 11:31am
Bullion Rate Gold prices at 2-1/2-year low as traders brace for Fed outcome Gold prices on Wednesday lingered near their lowest level since April 2020, as investors prepared for the likelihood... Published 21 Sep, 2022 11:29am
Stocks Indian shares flat ahead of Fed rate hike BENGALURU: Indian shares were treading water on Wednesday as investors braced for a hefty rate hike from the US... Published 21 Sep, 2022 11:25am
Mutual Funds Japan’s 9-year bond yield rises to nearly 0.3% as BOJ meet looms TOKYO: Japan’s 9-year government bond yields rose to nearly 0.3% in early trade on Wednesday, while those of the... Published 21 Sep, 2022 11:24am
India’s Adani pledges shares of ACC, Ambuja Cements worth about $12.5bn BENGALURU: India’s Adani Group has pledged shares worth about $12.5 billion in two cement units, days after the... Published 21 Sep, 2022 11:22am
Commodities CBOT soybeans may retest resistance at $14.85-1/2 SINGAPORE: The CBOT soybean November contract may retest a resistance at $14.85-1/2 per bushel, a break above which... Published 21 Sep, 2022 11:09am
Companies Air New Zealand forecasts swing to first-half profit on strong travel demand Air New Zealand said on Wednesday it expects to swing to profit in the first half of fiscal 2023, underpinned by... Published 21 Sep, 2022 11:08am
Stocks Commodity stocks drag Australian shares to 2-month low ahead of Fed decision Australian shares fell to a two-month low on Wednesday, led by commodity and financial stocks, as fears of a global... Updated 21 Sep, 2022 01:22pm
Companies GM backs setting tough US emissions targets for 2030 NEW YORK: General Motors Co said on Tuesday it backed establishing tougher federal emissions standards to help... Published 21 Sep, 2022 11:03am
Forex Rupee approaches all-time low again, closes at 239.65 against US dollar Cumulative depreciation in 14 sessions clocks in at 8.8% Dollar being sold for Rs245.4 in open market, according to ECAP data Updated 21 Sep, 2022 06:43pm
Bullion Rate Spot gold targets $1,644-$1,651 range SINGAPORE: Spot gold may retest a support at $1,660 per ounce, with a good chance of breaking below this level and... Published 21 Sep, 2022 11:01am
Financial Bank of Korea denies report of imminent FX swap with US Fed SEOUL: South Korea’s central bank denied a local online media report on Wednesday that a currency swap arrangement... Published 21 Sep, 2022 10:57am
Mutual Funds Indian Bond yields little changed as traders await Fed decision, commentary MUMBAI: Indian government bond yields were largely unchanged in early trading on Wednesday, as markets await another... Published 21 Sep, 2022 10:56am
Forex Indian Rupee seen lower as Fed rate-decision jitters boost dollar MUMBAI: The Indian rupee is tipped to open weaker against the US currency on Wednesday, as concerns over the Federal... Published 21 Sep, 2022 10:52am
Energy US oil may revisit Monday low of $82.10 SINGAPORE: US oil may revisit its Monday low of $82.10 per barrel, as the bounce from this level has been deeply... Published 21 Sep, 2022 10:50am
Energy Brent oil may revisit Monday low of $88.50 Brent oil may revisit its Monday low of $88.50 per barrel, as the drop on Tuesday marked a completion of the bounce... Published 21 Sep, 2022 10:49am
Commodities Palm oil may retest resistance at 3,796 ringgit SINGAPORE: Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain... Published 21 Sep, 2022 10:48am
Energy Colombia July oil output rose 2.3% y/y BOGOTA: Colombia’s crude oil production in July rose 2.3% versus the same month a year earlier, the government said... Published 21 Sep, 2022 10:47am
Commodities Copper prices dip ahead of Fed’s interest rate decision BEIJING: Prices of copper, often used as an economic parameter, drifted lower on Wednesday as investors anticipated... Published 21 Sep, 2022 10:45am
Commodities US soybeans fall as Argentine supply competition persists US soybean futures fell in early Asian trading on Wednesday, pressured by competition from Argentina exports, while... Published 21 Sep, 2022 10:44am
Forex Dollar hits two-decade high as Putin rattles markets before Fed LONDON: The dollar jumped to a new two-decade high on Wednesday, as comments from Russia’s President Vladimir Putin... Updated 21 Sep, 2022 01:40pm
Energy Oil gives up gains as soaring US dollar offsets Putin’s troop mobilization NEW YORK: Oil prices gave up early gains on Wednesday as a soaring dollar and global recession fears offset worries... Updated 21 Sep, 2022 08:03pm
Financial ADB cuts ‘developing Asia’ growth forecast as China lockdowns bite MANILA: The Asian Development Bank on Wednesday cut its 2022 growth forecast for developing Asia, with crippling... Published 21 Sep, 2022 09:53am
Stocks Japan’s Nikkei ends at 2-month low with Fed, BOJ meetings in focus TOKYO: Japanese stocks notched their lowest close in more than two months on Wednesday, tracking declines on Wall... Updated 21 Sep, 2022 12:13pm
Business & Economy Govt increases petrol price by Rs1.45, new rate stands at Rs237.43 Price of diesel left unchanged, while rates of kerosene and light diesel oil reduced Published 21 Sep, 2022 09:47am
Stocks Hong Kong stocks close lower ahead of Fed decision HONG KONG: Hong Kong shares finished Wednesday with more losses as world markets retreated ahead of the US Federal... Updated 21 Sep, 2022 03:16pm
Infrastructure, livelihood: ADB says will provide new aid package soon ISLAMABAD: The Asian Development Bank (ADB) will soon provide Pakistan with a significant relief and rehabilitation... Published 21 Sep, 2022 06:37am
Country is out of crisis now, says Aisha LAHORE: Minister of State for Finance and Revenue, Dr. Aisha Ghaus Pasha Tuesday said the country is not only facing... Updated 21 Sep, 2022 10:31am
Pride of performance award: Nepra’s inquiry proposal rejected ISLAMABAD: Cabinet Secretary has reportedly rejected a proposal of additional secretary for inquiry into an internal... Published 21 Sep, 2022 06:31am
Alvi wants TGA with Turkiye initialed ISLAMABAD: President Dr Arif Alvi said the signing of Trade in Goods Agreement would pave the way for achieving the... Published 21 Sep, 2022 05:57am
PTI forms Tarin-led body to chart economic roadmap ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday constituted a ‘core economic group’ headed by ex-finance... Updated 21 Sep, 2022 09:43am
Flood response: World Bank’s $230m ‘CLICK’ project rated ‘moderately’ unsatisfactory ISLAMABAD: The World Bank project “Competitive and Livable City of Karachi (CLICK)” of worth $230 million is... Updated 21 Sep, 2022 10:45am
Industry FFC launches first book on use of micronutrient fertiliser in country KARACHI: The Fauji Fertilizer Company (FFC) has been at the forefront of endeavours to ensure food security and... Published 21 Sep, 2022 05:57am
Taxes Big retailers’ integration with POS system: FBR favours more steps for increasing the number ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed the chief commissioners of the Regional Tax ... Published 21 Sep, 2022 05:57am
Taxes FBR official assures APTMA of resolving all issues on priority basis LAHORE: Mukarram Jah Ansari, Member Customs, Federal Board of Revenue (FBR), has assured the All Pakistan Textile... Published 21 Sep, 2022 05:57am
Money & Banking UAF, HBL ink accord for digitised fees collection system FAISALABAD: An agreement between the University of Agriculture Faisalabad (UAF) and Habib Bank Limited (HBL) has ... Published 21 Sep, 2022 05:57am
Money & Banking Sterling idles near 37-year low LONDON: The British pound was little changed against the dollar on Tuesday, hovering barely above its lowest level... Published 21 Sep, 2022 05:57am
Money & Banking US dollar gains ahead of Fed; Swedish crown falls after hike LONDON/NEW YORK: The dollar rose on Tuesday, trading near a two-decade high, as investors held firm on expectation ... Published 21 Sep, 2022 05:57am
Money & Banking UBL partners with NICK to host BuiltByHer 3.0 Hackathon KARACHI: United Bank Limited is partnering with National Incubation Centre, Karachi (NICK) to organise the ... Published 21 Sep, 2022 05:57am