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Pakistan

Imran Khan’s nomination rejected for NA-108 by-poll in Faisalabad

The Election Commission of Pakistan (ECP) on Wednesday rejected former prime minister and Pakistan Tehreek-e-Insaf...

Published 17 Aug, 2022 09:44pm

World

Fed minutes may point to rationale for size of future rate hikes

WASHINGTON: Federal Reserve officials are adamant they will keep raising interest rates until high inflation is...

Published 17 Aug, 2022 08:06pm

Markets

Qatar bourse outperforms Gulf peers, Abu Dhabi nears record

Qatar’s stock market outperformed Gulf peers on Wednesday amid rising natural gas prices, while the Abu Dhabi index...

Published 17 Aug, 2022 08:01pm

Markets

Wall St falls as growth stocks slide, Target weighs on retail shares

Wall Street’s main indexes fell on Wednesday with growth stocks under renewed pressure as bond yields climbed ahead...

Published 17 Aug, 2022 07:56pm

World

NATO says ready to intervene if Serbia-Kosovo stability at risk

BRUSSELS: NATO’s peacekeeping force in Kosovo is ready to intervene if stability between Serbia and Kosovo is at...

Published 17 Aug, 2022 07:53pm

World

US business inventories increase solidly in June

WASHINGTON: US business inventories increased strongly in June amid signs of a large buildup of stocks in the retail...

Published 17 Aug, 2022 07:50pm

Business & Finance

ECB steps in as banks dip toes in crypto pool

LONDON: The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure...

Published 17 Aug, 2022 07:47pm

Markets

ONGC signs agreement with ExxonMobil for deepwater exploration in India

BENGALURU: Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of...

Published 17 Aug, 2022 06:45pm

World

US retail sales flat in July; core sales rise

WASHINGTON: US retail sales were unchanged in July as declining gasoline prices weighed on receipts at service...

Published 17 Aug, 2022 06:40pm

World

Taliban test repaired helicopters, planes in flyover of capital

KABUL: Taliban military aircraft roared over the Afghan capital on Wednesday as the group’s defence ministry tested...

Published 17 Aug, 2022 06:31pm

Markets

KSE-100 rebounds on late session buying

Market breaches 43,500 level to close with 0.55% gain

Updated 17 Aug, 2022 07:05pm

World

Kenya’s Ruto says no time to waste after election as rival prepares court challenge

NAIROBI: Kenya’s president-elect William Ruto said on Wednesday there was no time to waste in tackling an economic...

Published 17 Aug, 2022 05:52pm

Markets

Saudi Arabia’s crude oil exports, output rise in June

Saudi Arabia’s crude oil exports rose in June, while output increased to a more than two-year high, data from the...

Published 17 Aug, 2022 05:44pm

World

Israel to restore full diplomatic ties with Turkey: PM Lapid

JERUSALEM: Israeli Prime Minister Yair Lapid said Wednesday his government will restore full diplomatic ties with...

Published 17 Aug, 2022 05:30pm

World

Turkey vows to back Palestinians despite restoring Israel ties

ANKARA: Turkey said on Wednesday that its decision to restore diplomatic relations with Israel after a decade of...

Published 17 Aug, 2022 05:21pm

Business & Finance

World Bank’s IFC taps blockchain for carbon offsets

LONDON/NEW YORK: International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a...

Published 17 Aug, 2022 05:10pm

Business & Finance

After Toyota and Suzuki, Honda reduces car prices in Pakistan

Cuts vehicle rates in view of significant recovery in rupee's value against dollar

Updated 17 Aug, 2022 05:28pm

World

UK inflation to hit 15% in early 2023, Citi predicts

LONDON: British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of...

Published 17 Aug, 2022 04:56pm

World

China to send troops to Russia for ‘Vostok’ exercise

BEIJING: Chinese troops will travel to Russia to take part in joint military exercises led by the host and including...

Published 17 Aug, 2022 04:52pm

Life & Style

Marvel's She-Hulk hopes Disney+ fans like her when she's angry

Tatiana Maslany stars as Jen Walters, who struggles to embrace her Hulk-like superpowers and instead wants to continue her life as a high-powered attorney

Published 17 Aug, 2022 04:51pm

Markets

Shell Pakistan announces to discontinue aviation operations across the country

Says after consideration of a wide range of factors, SPL has taken the decision not to participate in the tender floated by PCAA for the operation of six airports

Updated 17 Aug, 2022 08:24pm

Markets

Sri Lankan shares fall as industrials weigh, rate decision in focus

Sri Lankan shares extended declines to a second session on Wednesday, notching their worst day in 1-1/2 months as...

Published 17 Aug, 2022 04:36pm

Markets

Indian shares end higher, consumer stocks gain

BENGALURU: Indian shares closed higher on Wednesday, as investors pinned their hopes on strong earnings data amid...

Published 17 Aug, 2022 04:33pm

Pakistan

Ongoing monsoon spell: PMD warns of urban flooding, water-logging across Pakistan

States that low-lying areas can get submerged

Published 17 Aug, 2022 04:06pm

Markets

Aluminium climbs on smelter shutdown, fears of shortages

LONDON: Aluminium prices advanced on Wednesday after news that a European smelter will close due to high power...

Published 17 Aug, 2022 04:03pm

Markets

India raises wheat output estimate but local prices surge

MUMBAI: India raised its wheat production estimate on Wednesday even as other forecasters and traders were scaling...

Published 17 Aug, 2022 03:59pm

Markets

US dollar holds gains ahead of Fed minutes

LONDON: The dollar held onto gains against other major currencies on Wednesday, ahead of the release of minutes of...

Published 17 Aug, 2022 03:56pm

Sports

Ronaldo blasts ‘lies’ over Man Utd future

LONDON: Cristiano Ronaldo has hit out at the “lies” surrounding reports about his future at Manchester United. The...

Published 17 Aug, 2022 03:52pm

Technology

Bionic hand can be updated with new gestures, anytime, anywhere

LEEDS, England: Australian swimmer Jessica Smith has had an uneasy relationship with prosthetics since a childhood...

Published 17 Aug, 2022 03:35pm

World

TikTok to clamp down on paid political posts by influencers ahead of US midterms

TikTok will work to prevent content creators from posting paid political messages on the short-form video app, as...

Published 17 Aug, 2022 03:30pm

Markets

India eases Russian oil buying in July, boosts Saudi imports

NEW DELHI: India's crude oil imports from Russia in July fell for the first time since March along with its overall...

Published 17 Aug, 2022 03:24pm

Business & Finance

IMF holds Saudi Arabia 2022 economic growth forecast at 7.6%

DUBAI: The International Monetary Fund (IMF) on Wednesday kept its 2022 economic growth forecast for Saudi Arabia...

Published 17 Aug, 2022 03:20pm

Sports

Rabada passed fit as South Africa bowl against England in 1st Test

LONDON: Fit-again South Africa fast bowler Kagiso Rabada was set to be thrust straight into the action as Proteas...

Published 17 Aug, 2022 03:14pm

World

Former Sri Lankan President Rajapaksa will return next week

Sri Lanka's former president Gotabaya Rajapaksa will return to the island nation next week after fleeing in July ...

Published 17 Aug, 2022 03:08pm

Sports

India, Australia to clash in two five-Test series in next four years

MUMBAI: India and Australia will clash in five-Test series twice during the next four-year calendar, which will...

Published 17 Aug, 2022 02:56pm

Pakistan

Islamabad court sends Shahbaz Gill on two-day physical remand

Gill was arrested by Islamabad Police outside Banigala Chowk for 'making statements against state institutions and inciting the people to rebellion'

Updated 17 Aug, 2022 06:21pm

Pakistan

Miftah urges focus on exports at Islamabad summit

Finance minister says electricity generation has doubled in 9 years, but that has not translated to industrial production growth in the same proportion

Updated 17 Aug, 2022 08:27pm

Markets

Rouble firms to 1-week high vs euro, Russian stocks climb

MOSCOW: The Russian rouble strengthened on Wednesday to a one-week high against the euro, boosted by upcoming tax...

Published 17 Aug, 2022 01:08pm

Markets

China’s yuan rebounds off 3-month low on policy support expectations

SHANGHAI: China’s yuan firmed on Wednesday, recovering from a three-month low hit in the previous session on growing...

Published 17 Aug, 2022 12:43pm

Markets

India bond yields drop on weaker oil, easing inflation

MUMBAI: Indian government bond yields declined, with the benchmark 10-year yield crashing 10 basis points on...

Published 17 Aug, 2022 12:41pm

Life & Style

Amazon tribe go behind the camera in Nat Geo film 'The Territory'

LOS ANGELES: When Covid-19 reached Brazil's Amazon, and an indigenous tribe sealed off its borders, director Alex...

Updated 17 Aug, 2022 01:03pm

Business & Finance

Dubai airport sees passenger travel surge, hikes annual forecast

DUBAI: The operator of Dubai International said on Wednesday over 14 million passengers had travelled through the...

Published 17 Aug, 2022 12:36pm

Markets

Palm rises after Malaysia cuts export tax reference price

KUALA LUMPUR: Malaysian palm oil futures extended gains on Wednesday after the world’s second-largest producer...

Published 17 Aug, 2022 12:24pm

Markets

CBOT soybeans may fall towards August 3 low of $13.56

SINGAPORE: CBOT soybean November contract may break a support at $13.85-1/4 per bushel and fall towards the August 3...

Published 17 Aug, 2022 12:22pm

Markets

Indian rupee higher on dollar inflows, risk-on sentiment

MUMBAI: The Indian rupee strengthened against the US currency on Wednesday, led by dollar inflows after the long...

Published 17 Aug, 2022 12:19pm

Pakistan

UAE president confers Order of Union Medal on Pakistan army chief

President of UAE Sheikh Mohamed Bin Zayed Al Nahyan and General Bajwa discuss matters of mutual interest, bilateral defense and security cooperation

Updated 17 Aug, 2022 04:20pm

Markets

Appreciation run ends: Rupee closes near 215 against US dollar after 0.46% fall

This was the rupee's first loss in inter-bank market since July 28
Currency also loses substantial value in open market

Updated 17 Aug, 2022 05:27pm

Markets

South African rand firmer before local retail sales, Fed minutes

JOHANNESBURG: The South African rand was slightly firmer in early trade on Wednesday, ahead of local retail sales...

Published 17 Aug, 2022 11:42am

Business & Finance

UK inflation hits double digits, highest since 1982

LONDON: British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual...

Published 17 Aug, 2022 11:40am

Markets

CBOT corn may test resistance at $6.17-1/4

SINGAPORE: CBOT corn may test a resistance at $6.17-1/4 per bushel, a break above which could open the way towards...

Published 17 Aug, 2022 11:36am

Sports

India present huge ODI challenge for transformed Zimbabwe

HARARE: Transformed Zimbabwe face their biggest challenge since Dave Houghton became coach two months ago when they...

Published 17 Aug, 2022 11:29am

Sports

Serena Williams trounced by Raducanu in Cincinnati opener

CINCINNATI: Serena Williams bowed out of the WTA/ATP Cincinnati Masters at the first hurdle on Tuesday, losing in...

Published 17 Aug, 2022 11:25am

Markets

Tokyo stocks close higher as yen loses value

TOKYO: Tokyo stocks closed higher on Wednesday with investors emboldened by a cheaper yen and the five-day winning...

Updated 17 Aug, 2022 12:47pm

Markets

Hong Kong stocks finish with gains

HONG KONG: Hong Kong stocks closed on the front foot Wednesday, in line with an advance across most of Asia ...

Updated 17 Aug, 2022 03:16pm

Sports

Tiger Woods huddling with PGA players over LIV split

NEW YORK: Tiger Woods was reportedly huddling with the PGA Tour’s top professionals on Tuesday to discuss the...

Published 17 Aug, 2022 11:13am

Markets

Asian markets fluctuate as traders weigh economic outlook

HONG KONG: Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape...

Published 17 Aug, 2022 11:10am

World

Australia relocates more Afghan athletes fleeing Taliban rule

MELBOURNE: Australia has relocated Afghanistan’s Olympic flag-bearer Kimia Yousofi and other athletes and their...

Published 17 Aug, 2022 11:03am

World

Ukraine and Russia: What you need to know right now

Russia blamed sabotage for explosions at one of its military bases in Moscow-annexed Crimea while Kyiv hinted it was...

Published 17 Aug, 2022 10:58am

World

North Korea fires two cruise missiles from west coast town of Onchon

SEOUL: North Korea fired two cruise missiles from the west coast town of Onchon early on Wednesday, a South Korean...

Published 17 Aug, 2022 10:54am

World

China’s Xi makes first public appearance in two weeks

BEIJING: Chinese President Xi Jinping visited the northeastern province of Liaoning on Tuesday, state media...

Published 17 Aug, 2022 10:48am

World

South Korea president says any talks with North Korea should be more than show

SEOUL: Talks with North Korea should not be for political show but contribute to establishing peace, South Korean...

Published 17 Aug, 2022 10:44am

World

Action wanes at UN to isolate Russia almost six months into Ukraine war

UNITED NATIONS/GENEVA: On a June night under the chandeliers of Russia’s United Nations mission in New York, dozens...

Published 17 Aug, 2022 10:38am

Technology

Elon Musk says he was joking about buying Manchester United

Elon Musk, the world’s richest person, tweeted on Wednesday that he was joking when he said that he was going to buy...

Published 17 Aug, 2022 10:34am

World

Trump-backed challenger beats Republican Liz Cheney in US midterm primary

JACKSON: US Representative Liz Cheney, a fierce Republican critic of Donald Trump who has played a prominent role in...

Published 17 Aug, 2022 10:29am

Markets

US oil may retest support at $85.73

SINGAPORE: US oil may retest a support at $85.73 per barrel, a break below which could trigger a drop to $83.50. A...

Published 17 Aug, 2022 10:23am

Markets

Palm oil targets 3,857 ringgit

SINGAPORE: Palm oil may break a support at 4,085 ringgit and fall towards the next support at 3,857 ringgit per...

Published 17 Aug, 2022 10:21am

Markets

Brent oil may retest support at $91.90

Brent oil may retest a support at $91.90 per barrel, a break below which could trigger a drop to $90.24. A bearish...

Published 17 Aug, 2022 10:18am

Markets

Spot gold may fall into $1,756-$1,767 range

SINGAPORE: Spot gold may break a support $1,773 per ounce and fall into a range of $1,756-$1,767, probably after a...

Published 17 Aug, 2022 10:16am

Markets

Indian shares rise, BSE index touches four-month high at over 60,000

BENGALURU: Indian shares gained on Wednesday, with the S&P BSE Sensex hitting its highest level since April 5,...

Updated 17 Aug, 2022 12:39pm

Markets

Shanghai stocks close at 4-week high as property sector gains on policy hopes

SHANGHAI: China and Hong Kong stocks ended mostly positive territory on Wednesday, with some key indexes finishing...

Updated 17 Aug, 2022 03:45pm

Markets

NZ dollar jumps after rate hike, hawkish stance; Aussie hit by jobs data miss

HONG KONG: The New Zealand dollar rallied on Wednesday after the central bank reinforced its hawkish policy stance...

Published 17 Aug, 2022 10:10am

Markets

Major currencies hold steady ahead of Fed minutes, RBNZ

HONG KONG: Major currencies were holding steady on Wednesday, ahead of another day when central bank policy takes...

Published 17 Aug, 2022 10:07am

Markets

Australian shares rise after weak wage data, CSL caps gains

Australian shares inched higher on Wednesday, after the country’s wage data missed estimates presenting a case for...

Updated 17 Aug, 2022 12:52pm

Markets

Oil edges higher as U.S. crude stocks plunge on strong export demand

HOUSTON: Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a...

Updated 17 Aug, 2022 09:29pm

BR Research

The problem with power price hikes

Given increasing delta between the cost of electricity production and what is being charged to the consumers (on...

Published 17 Aug, 2022 09:11am

BR Research

Stability within chaos?

The economic narrative abroad – ranging from ‘we are in a recession’ to ‘no, we are not’– seems to be...

Published 17 Aug, 2022 09:09am

BR Research

Auto: Trouble in paradise

Pakistan Suzuki (PSX: PSMC) had no words to mince yesterday when it announced to the PSX that it would be shutting...

Published 17 Aug, 2022 09:07am

BR Research

Ecopack Limited

Ecopack Limited (PSX: ECOP) was established in 1991 was a private limited company. It was converted into a public...

Published 17 Aug, 2022 09:04am

Pakistan

Sindh: more widespread rain-thunderstorms likely

KARACHI: More widespread rain-thunderstorms with scattered heavy to very heavy falls are expected across Sindh until...

Published 17 Aug, 2022 07:27am

Pakistan

ADSJ issues notice to Gill, seeks arguments

ISLAMABAD: Following the direction of the Islamabad High Court (IHC) to the local court to rehear a review petition...

Published 17 Aug, 2022 07:25am

Pakistan

2nd Phase of Sindh Local Government elections: 2,528 polling stations declared ‘highly sensitive’

KARACHI: As the 2nd phase of Sindh Local Government elections is being held in Karachi and Hyderabad divisions on...

Published 17 Aug, 2022 07:23am

Pakistan

Intra-party elections case: Punjab CM challenges ECP’s jurisdiction

ISLAMABAD: Chief Minister Punjab Chaudhry Pervez Elahi has challenged before the Election Commission of Pakistan...

Published 17 Aug, 2022 07:22am

Pakistan

Zardari slams govt for increasing petrol price

ISLAMABAD: Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari expressed serious concern over the increase in...

Published 17 Aug, 2022 07:20am

Pakistan

One-third of telemetry instruments of Wapda not working

LAHORE: About one-third telemetry instruments of Water and Power Development Authority (Wapda) are out of order,...

Published 17 Aug, 2022 07:19am

Business & Finance

Prices of automotives decline

KARACHI: The local car assemblers have reduced their prices up to Rs 1.14 million, taking a lead from other business...

Published 17 Aug, 2022 06:37am

Business & Finance

RDA customers: SBP issues service standards on mobile apps

KARACHI: The State Bank of Pakistan (SBP) has issued service standards for enablement of minimum set of services on...

Published 17 Aug, 2022 06:30am

Pakistan

The Weather

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