Latest News

All Markets Business & Finance World Pakistan

Pakistan

Two terrorists killed in North Waziristan District: ISPR

Military's media affairs wing says killed terrorists remained actively involved in terrorist activities in the area

Published 17 May, 2022 01:37pm

Business & Finance

IMF programme resumption only way for economic stability: Pakistan Business Council

Warns that inaction will entail serious consequences bordering those in Sri Lanka

Published 17 May, 2022 01:32pm

Business & Finance

Indonesia posts largest ever trade surplus of $7.6bn in April

JAKARTA: Indonesia’s trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a new...

Published 17 May, 2022 01:24pm

Pakistan

IHC stops Hanif Abbasi from working as special assistant to PM

IHC Chief Athar Minallah says Abbasi should not hold a public office till next hearing

Published 17 May, 2022 01:04pm

Markets

China’s yuan firms as Shanghai sets out clearer lockdown timetable

SHANGHAI: China’s yuan firmed on Tuesday from near 20-month lows a day earlier, as the country’s largest city moved...

Published 17 May, 2022 01:01pm

World

UK unemployment hits 48-year low but inflation squeezes pay

LONDON: Britain’s unemployment rate fell to its lowest since 1974 in the first three months of this year, but...

Published 17 May, 2022 12:58pm

World

AstraZeneca bolsters COVID therapeutics with RQ Bio deal

LONDON: AstraZeneca is paying up to $157 million, plus royalties, for an exclusive licence to develop and sell a set...

Published 17 May, 2022 12:54pm

Markets

Thai baht, stocks gain on GDP growth; yuan finds footing

The baht advanced on Tuesday and shares snapped three days of losses after Thailand’s economy grew faster than...

Published 17 May, 2022 12:50pm

Business & Finance

Mobile operator Vodafone cautious on 2023 outcome

LONDON: Vodafone, the European and African mobile operator, forecast earnings growth for the current year below...

Published 17 May, 2022 12:37pm

Markets

CBOT corn may retest resistance at $8.09-1/4

SINGAPORE: CBOT corn may retest a resistance at $8.09-1/4 per bushel, a break above which could lead to a gain into...

Published 17 May, 2022 12:35pm

Business & Finance

Pakistan meat processor to export $1mn worth of pet food to US, Europe

The Organic Meat Company says it is first Pakistani firm to export pet food to these regions

Updated 17 May, 2022 01:15pm

World

Sri Lanka parliament reconvenes, PM warns of critical shortages

COLOMBO: Sri Lanka’s parliament reconvened on Tuesday for the first time since violence flared last week and the...

Published 17 May, 2022 12:32pm

World

EU clarifies how companies can legally pay for Russian gas

BRUSSELS: The European Commission has explained how EU companies can pay for Russian gas without breaching the...

Published 17 May, 2022 12:28pm

Markets

CBOT wheat may retest resistance at $12.77-3/4

SINGAPORE: CBOT wheat may retest a resistance at $12.77-3/4 per bushel, a break above which could lead to a gain to...

Published 17 May, 2022 12:26pm

Markets

Japan’s Nikkei gains for third day on China optimism; subdued earnings weigh

TOKYO: Japan’s Nikkei stock average ended higher for a third straight session on Tuesday, as optimism about COVID-19...

Published 17 May, 2022 12:24pm

Markets

Australian shares rise on commodities boost, RBA minutes hint at June hike

Australian shares rose for a third straight session on Tuesday, helped by gains in by mining and energy stocks on...

Published 17 May, 2022 12:22pm

World

UN chief calls for ‘inclusive government’ after Lebanon vote

UNITED NATIONS: UN Secretary General Antonio Guterres called on Lebanon to form an “inclusive government” to tackle...

Published 17 May, 2022 12:16pm

World

UK to unveil unilateral plans for post-Brexit trade in N.Ireland

LONDON: Britain will detail Tuesday how it plans to overhaul post-Brexit trade rules in Northern Ireland which have...

Published 17 May, 2022 12:13pm

Markets

Renewable energy is the answer to our energy problems: Dastgir

Minister for Power says subsidy announced by the previous government in electricity prices is unaffordable

Published 17 May, 2022 12:10pm

World

Kremlin critic Navalny appeals against nine-year jail sentence

MOSCOW: Jailed Kremlin critic Alexei Navalny was due on Tuesday to appeal a nine-year prison sentence he was handed...

Published 17 May, 2022 11:57am

World

Fear and hope under fire in Ukrainian village near Russian border

RUS’KA LOZOVA: Waving his arms in a state of agitation, a man asks Ukrainian soldiers if he can safely cross the...

Published 17 May, 2022 11:54am

Markets

Rupee sinks further, falls to 195.5 in inter-bank trading

Currency expected to stabilise after meeting between Pakistan and IMF on Wednesday

Published 17 May, 2022 11:50am

World

Spain, Morocco reopen land borders after two-year closure

FNIDEQ: Morocco and Spain have reopened the land borders between the north African country and the Spanish enclaves...

Published 17 May, 2022 11:49am

Markets

Indian insurance giant slumps after country’s biggest-ever IPO

MUMBAI: Indian state-owned insurance giant LIC slumped on its market debut Tuesday following the country’s...

Published 17 May, 2022 11:41am

Markets

Spot gold may rise more into $1,840-$1,849 range

SINGAPORE: Spot gold may bounce more into a range of $1,840 to $1,849 per ounce, as the downtrend from the April 18...

Published 17 May, 2022 11:31am

Markets

US oil may gain more into $116.14-$118.61 range

SINGAPORE: US oil may gain more into a range of $116.14 to $118.61 per barrel, as it has broken a key resistance at...

Published 17 May, 2022 11:30am

Markets

Palm oil may rise to 6,602 ringgit

SINGAPORE: Palm oil may rise to 6,602 ringgit per tonne, as it managed to stabilise around a support at 6,290...

Published 17 May, 2022 11:28am

Markets

Brent oil may rise into $116.75-$119.27 range

SINGAPORE: Brent oil may rise into a range of $116.75-$119.27 per barrel, as it has broken a resistance at...

Published 17 May, 2022 11:25am

Markets

CBOT soybeans may fall into $16.27-1/4 to $16.37-3/4 range

SINGAPORE: The CBOT soybean July contract may break a support at $16.45-1/2 per bushel and fall into $16.27-1/4 to...

Published 17 May, 2022 11:22am

Business & Finance

Food inflation pain puts emerging markets between rock and hard place

LONDON/ISTANBUL/CAIRO: Like for millions of people in developing and emerging market countries around the world,...

Published 17 May, 2022 11:20am

Markets

Indian rupee hits record low, market watches for central bank to intervene

MUMBAI: The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains...

Published 17 May, 2022 11:15am

Markets

BOJ deputy vows to maintain monetary stimulus despite price pressures

TOKYO: The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices,...

Published 17 May, 2022 11:12am

Sports

Delhi peaking at right time in IPL, says Marsh

MUMBAI: Delhi Capitals are hitting their stride at the perfect time in the Indian Premier League, all-rounder Mitch...

Published 17 May, 2022 11:09am

Technology

Tesla stops taking orders for Cybertruck outside North America

SHANGHAI: US electric vehicle manufacturer Tesla Inc has stopped taking orders for its upcoming Cybertruck pickup...

Published 17 May, 2022 11:06am

Technology

Tencent Music’s Q1 revenue downbeat, shares rise amid hopes for regulatory easing

HONG KONG: China’s Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations,...

Published 17 May, 2022 11:03am

Markets

China stocks rise as Shanghai COVID improves, HK-listed tech giants jump

SHANGHAI: China stocks rose on Tuesday, as Shanghai achieved the long-awaited milestone of three straight days with...

Published 17 May, 2022 11:00am

Markets

Caixabank lifts profitability target to more than 12% by 2024

MADRID: Spain’s Caixabank raised on Tuesday its target for return on tangible equity ratio (ROTE) in 2024 to over...

Published 17 May, 2022 10:57am

Markets

Ethiopia, World Bank sign $300mn grant agreement for reconstruction

NAIROBI: Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction...

Published 17 May, 2022 10:55am

Technology

Cryptoverse: Stablecoins wend wobbly way into the unknown

Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost...

Published 17 May, 2022 10:52am

Markets

Indonesian farmers stage protests against palm oil export ban

JAKARTA: Hundreds of Indonesian smallholder farmers on Tuesday staged a protest in the capital Jakarta and in other...

Updated 17 May, 2022 11:04am

World

Normal life is weeks away for Shanghai, despite ‘zero COVID’ status

SHANGHAI/BEIJING: Shanghai achieved on Tuesday the long-awaited milestone of three consecutive days with no new...

Published 17 May, 2022 10:33am

World

Ukrainian troops evacuate from Mariupol, ceding control to Russia

KYIV/NOVOAZOVSK: Ukraine’s military said on Tuesday it was working to evacuate all remaining troops from their last...

Published 17 May, 2022 10:27am

Sports

Questions swirl over Saudi-backed breakaway golf tour

ST ALBANS: Golf is in turmoil as it braces for the launch of a new Saudi-backed breakaway tour but figurehead Greg...

Published 17 May, 2022 10:22am

Sports

Legacy on the line for Rangers in Europa League final

GLASGOW: Rangers captain James Tavernier wants to leave his legacy on the Glasgow giants by delivering just the...

Published 17 May, 2022 10:19am

Markets

Tokyo shares climb despite US falls

TOKYO: Tokyo shares rose in morning trade on Tuesday despite Wall Street stocks finishing mostly lower on weak...

Published 17 May, 2022 10:11am

Markets

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks opened higher Tuesday despite Wall Street stocks finishing mostly down on weak Chinese...

Published 17 May, 2022 10:02am

Markets

Asian stocks up after Wall Street dip on China’s Covid-bruised data

HONG KONG: Asian stocks rose Tuesday despite a lukewarm lead from Wall Street after weak Chinese economic data...

Published 17 May, 2022 09:58am

Business & Finance

Thailand’s economy rebounds 2.2 percent in first quarter

BANGKOK: Thailand’s economy grew 2.2 percent in the first quarter following an export and tourism boost after the...

Published 17 May, 2022 09:53am

Markets

Indian shares extend gain; LIC listing in focus

BENGALURU: Indian shares rose for a second consecutive session on Tuesday, with investors focused on the market...

Published 17 May, 2022 09:50am

Markets

Dollar knocked from 20-year high; yuan slide pauses

SINGAPORE: The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors...

Published 17 May, 2022 09:47am

Markets

Australia, NZ dollars enjoy rare rally; RBA flags June hike

SYDNEY: The Australian and New Zealand dollars were trying to sustain a rally on Tuesday as speculators took some...

Published 17 May, 2022 09:43am

Markets

Australia shares rise on miners, energy boost; Brambles sinks

Australian stocks inched higher on Tuesday, lifted by mining and energy companies, although a slide shares of...

Published 17 May, 2022 09:39am

Markets

Oil prices ease as EU struggles to seal Russia import ban

TOKYO: Oil prices eased on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a ...

Updated 17 May, 2022 11:04am

BR Research

Promising LSM growth

Large scale industrial activity has remained upbeat this fiscal year. While there is nothing record-shattering about...

Published 17 May, 2022 08:20am

BR Research

Et tu, media?

Today nobody is ready to take onus of difficult economic decisions. PMLN and some of its partners do not want to...

Published 17 May, 2022 08:17am

BR Research

Oil prices: volatile but high

While remaining on the higher band, international crude oil prices have seen some slippage in recent weeks as demand...

Published 17 May, 2022 08:14am

BR Research

Otsuka Pakistan Limited

Otsuka Pakistan Limited (PSX: OTSU) was set up as a public limited company in 1988. A year later, in 1989 it...

Published 17 May, 2022 08:10am

Pakistan

Rabies Control Programme: 1.2m stray dogs roaming streets of metropolis

KARACHI: Around 1.2 million stray dogs are roaming around streets of Karachi. This was stated at the inaugural...

Published 17 May, 2022 06:54am

Pakistan

Japan’s Parliamentary Vice Minister due soon

ISLAMABAD: Parliamentary Vice Minister for Foreign Affairs of Japan, Honda Taro is likely to visit Pakistan soon. He...

Published 17 May, 2022 06:54am

World

Sri Lanka’s new PM wins support for ‘economic war cabinet’

COLOMBO: Sri Lanka’s new prime minister won crucial support from two main opposition parties Monday, easing the...

Published 17 May, 2022 06:54am

Pakistan

Law officer can’t be fired without approval of governor: ex-AGP

LAHORE: Former Advocate General Punjab Ahmed Awais on Monday talking to media persons claimed that the law officer...

Published 17 May, 2022 06:54am

World

Afghan money exchangers reopen after strike

KABUL: Thousands of money exchangers in Afghanistan ended their strike on Monday, the brokers commission said, a day...

Published 17 May, 2022 06:29am

World

Poor workers bear the brunt of India’s heatwave

NOIDA, (India): For construction worker Yogendra Tundre, life at a building site on the outskirts of the Indian...

Published 17 May, 2022 06:29am

Pakistan

FBR cautions officials over scam calls

ISLAMABAD: The Federal Board of Revenue (FBR) has cautioned all tax officers/officials that unscrupulous elements ...

Published 17 May, 2022 06:29am

Pakistan

IHC issues verdict in NTDC MD case

ISLAMABAD: The Islamabad High Court (IHC) declared that the notification dated 15.11.2021 for the appointment of...

Published 17 May, 2022 06:29am

Business & Finance

External debt, C/A deficit termed daunting economic issues

ISLAMABAD: Pakistan’s external debt and current account deficit are the biggest economic issues and require...

Published 17 May, 2022 06:28am

Pakistan

The Weather

KARACHI: The weather report on Monday (May 16, 2022) and the forecast for Tuesday (May 17, 2022)....