Companies Ford sees $3bn pretax loss in its EV business this year Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to... Published 23 Mar, 2023 10:03pm
USA TikTok CEO grilled by US lawmakers over ‘dangerous’ content US lawmakers at a congressional hearing on Thursday accused TikTok of serving harmful content and inflicting... Published 23 Mar, 2023 09:49pm
Money & Banking ‘Most vulnerable’ US banks lost $1 trillion in deposits in a year: JPMorgan NEW YORK: JPMorgan Chase & Co analysts estimate that the “most vulnerable” US banks are likely to have lost a... Published 23 Mar, 2023 09:35pm
Stocks London stocks hold losses after BoE hike, banks down London stocks held their intraday losses after the Bank of England raised its main lending rate by an expected 25... Published 23 Mar, 2023 09:26pm
Stocks Most Gulf markets end lower as oil prices drop; Egypt up Most Gulf stock markets ended lower on Thursday, as oil prices declined after Federal Reserve Chair Jerome Powell... Published 23 Mar, 2023 08:52pm
Money & Banking IMF calls for ‘continued vigilance’ in wake of banking turmoil WASHINGTON: Rapid actions by policymakers and major central banks after banking collapses in the United States and... Published 23 Mar, 2023 08:46pm
Companies Walmart laying off hundreds of US workers at five e-commerce fulfillment centers NEW YORK: Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find... Published 23 Mar, 2023 08:40pm
USA US weekly jobless claims edge lower WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week, showing no... Published 23 Mar, 2023 06:24pm
Money & Banking Bank of England hikes rate despite banking turmoil LONDON: The Bank of England on Thursday hiked its interest rate for the eleventh time in a row, as policymakers seek... Published 23 Mar, 2023 06:17pm
Money & Banking Global bank watchdog vows to ‘learn lessons’ after turmoil PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would... Published 23 Mar, 2023 06:05pm
Commodities Asia rice: Indian export prices ease as buyers turn to Vietnam Indian rice export prices extended losses this week after sluggish demand as buyers, anticipating further price... Published 23 Mar, 2023 05:39pm
Commodities Copper prices fall as investors take profits after 5-day rally LONDON: Copper prices fell on Thursday as some investors took advantage of a price rise in the previous five... Published 23 Mar, 2023 05:16pm
Stocks IT, financials lead Indian shares lower after Fed rate hike BENGALURU: Indian shares settled lower on Thursday, dragged by information technology stocks and financials, after... Published 23 Mar, 2023 05:11pm
Commodities Palm slips to more than six months closing low on weaker rival oils KUALA LUMPUR: Malaysian palm oil futures slumped to a more than six-month closing low on Thursday tracking losses in... Published 23 Mar, 2023 05:08pm
Stocks Sri Lankan shares end lower as financial and industrial weigh Sri Lankan shares closed lower for a third straight session on Thursday, dragged by losses in financial and... Published 23 Mar, 2023 05:05pm
Stocks London stocks fall ahead of BoE rate decision, banks down The exporter-heavy FTSE 100 fell on Thursday, dragged down by a strengthening pound, while financial stocks were... Published 23 Mar, 2023 02:37pm
Stocks Tokyo shares drift lower after Fed rate hike, bank worries TOKYO: Tokyo stocks ended lower Thursday, tracking losses on Wall Street after the US Federal Reserve unveiled... Published 23 Mar, 2023 02:34pm
Stocks Europe equities slip before trio of rate decisions LONDON: Europe’s stock markets opened lower Thursday before interest rate calls in Britain, Norway and Switzerland,... Published 23 Mar, 2023 02:32pm
Financial Swiss central bank hikes rate by 0.5 percentage points ZURICH: The Swiss central bank raised interest rates by 0.5 percentage points on Thursday and warned that further... Published 23 Mar, 2023 02:30pm
Financial After Fed, Europe’s central banks to decide on rates LONDON: A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over... Published 23 Mar, 2023 02:20pm
Stocks Asian markets fall with Wall St after Fed rate hike, warning HONG KONG: Asian markets skidded Thursday, tracking losses on Wall Street after the US Federal Reserve hiked... Published 23 Mar, 2023 01:13pm
Commodities CBOT soybeans may extend loss into $14.34-1/4 to $14.40-1/2 range SINGAPORE: The CBOT soybean May contract may extend its loss into a range between $14.34-1/4 and $14.40-1/2, as... Published 23 Mar, 2023 11:34am
Bullion Rate Spot gold may rise into $1,992 to $2,009 range SINGAPORE: Spot gold may rise into a range of $1,992 to $2,009 per ounce, as it has recovered strongly from the... Published 23 Mar, 2023 11:32am
Energy US oil may test support at $69.22 SINGAPORE: US oil may test a support at $69.22 per barrel, a break below which could open the way towards... Published 23 Mar, 2023 11:25am
Commodities Palm oil may test support at 3,615 ringgit SINGAPORE: Palm oil may test a support at 3,615 ringgit per tonne, a break below which could open the way towards... Published 23 Mar, 2023 11:22am
Energy Brent oil may test support at $75.17 Brent oil may test a support at $75.17 per barrel, a break below which could open the way towards $73.24-$74.04... Published 23 Mar, 2023 11:18am
Commodities CBOT corn may retest resistance at $6.38-1/2 SINGAPORE: CBOT May corn may retest a resistance at $6.38-1/2 per bushel, with a good chance of breaking above this... Published 23 Mar, 2023 11:15am
Stocks Hong Kong stocks rise after Fed hints at rate pause; China mixed SHANGHAI: Hong Kong stocks rose on Thursday, as investor sentiment was lifted after the US Federal Reserve raised... Published 23 Mar, 2023 11:11am
Forex China’s yuan firms to over one-month high, buoyed by dovish US Fed comment HONG KONG: China’s yuan firmed on Thursday as investors were relieved by more dovish comments from the US central... Published 23 Mar, 2023 11:09am
Forex Australia, NZ dollars find footing after markets sense end of Fed tightening SYDNEY: The Australian and New Zealand currencies found their footing on Thursday, after markets sensed the end of a... Published 23 Mar, 2023 11:07am
Stocks Australian shares slip as miners drag, Fed signals some more rate hikes Australian shares fell on Thursday, dragged by mining stocks on weak iron ore prices, while the US Federal Reserve... Published 23 Mar, 2023 11:04am
Forex Dollar slips as Fed outlook shifts SINGAPORE: The dollar was under pressure near seven-week lows on Thursday as US bond yields fell sharply after the... Published 23 Mar, 2023 11:00am
Energy Oil down after Fed comments, U.S. crude stock build LONDON: Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal... Updated 23 Mar, 2023 05:13pm
Singapore February core inflation rises lower-than-forecast 5.5% SINGAPORE: Singapore’s key consumer price gauge rose 5.5% in February, lower than forecast, official data showed on... Published 23 Mar, 2023 10:52am
Stocks Indian shares muted on mixed US cues; IT leads losses BENGALURU: Indian shares swung between gains and losses on Thursday, after the US Federal Reserve reiterated its... Published 23 Mar, 2023 10:40am
Companies Australian court upholds judgement on Japan’s Mazda in consumer rights case Australia’s competition regulator said on Thursday a court upheld a judgement that Japanese automaker Mazda Motor... Published 23 Mar, 2023 10:32am
Real Estate Evergrande debt revamp plan fails to cheer investors, property stocks fall HONG KONG: China Evergrande Group’s debt restructuring proposal, a test of investor sentiment towards the battered... Published 23 Mar, 2023 10:28am
Industry intimated: No non-budgeted subsidy on sugar export: MoF ISLAMABAD: The Ministry of Finance (MoF) has conveyed to the country’s sugar industry that no non-budgeted subsidy... Published 23 Mar, 2023 05:47am
Fed lifts key interest rate amid banking sector fears WASHINGTON: The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance... Published 23 Mar, 2023 05:47am
Money & Banking Banking hours in Ramazan KARACHI: The State Bank of Pakistan (SBP) has announced office and business hours for the Month of Ramazan ul ... Updated 23 Mar, 2023 06:15am
Industry Value-added textile sector blames PDM govt for country’s economic woes KARACHI: Score of value-added textile associations on Wednesday blamed the PDM government for the present... Published 23 Mar, 2023 05:47am
Industry TDAP holds seminar on leather industry KARACHI: As part of the TDAP (T&L Div.) campaign for promotion of sustainability in the textile industry of... Published 23 Mar, 2023 05:47am
Trade between Pakistan and UAE: Khor Fakkan port to be more efficient, says official Khor Fakkan Container Terminal (KCT) is the only fully-fledged operational container terminal within the United Arab... Published 23 Mar, 2023 05:47am
Taxes AML/CFT-related cases pertaining to Customs: FBR’s Directorate of CBCM designated as data repository ISLAMABAD: The Federal Board of Revenue’s Directorate of Cross Border Currency Movement (CBCM) has been designated... Published 23 Mar, 2023 05:47am
Concerns voiced over country’s current economic situation LAHORE: “Inflation in Pakistan is all-time high since 1974, and in a country where about a quarter of the... Updated 23 Mar, 2023 06:08am
Money & Banking Dollar falls after Fed raises rates WASHINGTON: The dollar was lower on Wednesday following the US Federal Reserve’s decision to raise interest rates... Published 23 Mar, 2023 05:47am
Governor for improvement in economic system KARACHI: Sindh Governor Kamran Khan Tessori on Wednesday said that Pakistan is going through a crucial economic... Published 23 Mar, 2023 05:47am