News Archives for Latest - 2024-03-05

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Archive - 2024-03-05

BR Research

TRG Pakistan Limited

TRG Pakistan Limited (PSX: TRG) was incorporated in Pakistan as a public limited company in 2002. The company...

Updated 16 Jan, 2026 01:18pm

World

Three civilians killed in Israel strike on Lebanon: state media

BEIRUT: A Lebanese couple and their son were killed Tuesday in an Israeli strike on a house in the southern border...

Published 05 Mar, 2024 11:49pm

Europe

Macron ‘cowards’ comments not helpful for Ukraine: German minister

STOCKHOLM: German Defence Minister Boris Pistorius said Tuesday that French President Emmanuel Macron’s call for...

Published 05 Mar, 2024 11:00pm

Pakistan

India's Modi felicitates Shehbaz Sharif on becoming PM

Indian Prime Minister Narendra Modi on Tuesday congratulated Shehbaz Sharif on being sworn in as Pakistan’s 24th...

Updated 05 Mar, 2024 10:02pm

Pakistan

Army's top brass criticises 'vested interests' for blaming others after election 'failures'

Corps Commanders express satisfaction with the 'smooth democratic transition of power in the centre and provinces'

Updated 05 Mar, 2024 09:59pm

Pakistan

PM Shehbaz announces compensation package for rain-affected people of Balochistan

Premier says two million rupees each will be given to the families of the deceased and half a million rupees each to the injured

Updated 05 Mar, 2024 09:13pm

Technology

Across the globe: thousands of users report Facebook, Instagram outage

Users faced difficulty in accessing Meta’s Facebook and Instagram platforms on Tuesday evening with a majority...

Updated 05 Mar, 2024 09:13pm

Technology

Bitcoin strikes record high above $69,000

LONDON: Bitcoin hit a record high above $69,000 Tuesday, buoyed by the world’s biggest cryptocurrency becoming more...

Published 05 Mar, 2024 09:11pm

Europe

ICC issues warrants over Russian strikes on Ukraine

THE HAGUE: The International Criminal Court said Tuesday it has issued arrest warrants for two senior Russian...

Published 05 Mar, 2024 09:10pm

Companies

Treet Corporation looks to sell 11.33% stake in its battery subsidiary

The Board of Directors (BoD) of Treet Corporation Limited (TCL) has decided to sell 11.33% of its stake in its...

Updated 05 Mar, 2024 09:09pm

Stocks

Selling pressure returns as KSE-100 settles in red

Investors resort to profit-taking, say market analysts

Updated 05 Mar, 2024 08:26pm

Middle East

Blinken asks Hamas to accept ‘immediate ceasefire’ with Israel

WASHINGTON: US Secretary of State Antony Blinken called Tuesday on Hamas to accept an “immediate ceasefire” with...

Published 05 Mar, 2024 08:24pm

Industry

Can ride-hailing, logistics and delivery companies lead an EV revolution in Pakistan?

KARACHI: Pakistan is seeing a massive surge in intent and efforts when it comes to adopting electric vehicles (EV),...

Published 05 Mar, 2024 08:21pm

Stocks

US stocks ease off records ahead of Fed chair remarks

NEW YORK: US stocks slipped early Tuesday as Wall Street traders consolidated recent gains and looked ahead to the...

Published 05 Mar, 2024 08:20pm

Stocks

Most Gulf markets ease on falling oil; Saudi gains

Most stock markets in the Gulf ended lower on Tuesday on falling oil prices as China’s economic reforms underwhelmed...

Published 05 Mar, 2024 07:56pm

Forex

Rupee scales lower against US dollar

Currency settles at 279.31 against US dollar in inter-bank market

Updated 05 Mar, 2024 07:19pm

Sports

Madrid not past Leipzig yet, warns coach Ancelotti

MADRID: Real Madrid coach Carlo Ancelotti warned his players Tuesday their Champions League last 16 tie against RB...

Published 05 Mar, 2024 06:43pm

Europe

IAEA chief to hold talks with Putin about Ukraine nuclear plant

VIENNA: UN atomic watchdog chief Rafael Grossi will head to Russia Tuesday for a fresh round of talks with President...

Published 05 Mar, 2024 06:41pm

Commodities

Copper under pressure as lack of Chinese stimulus disappoints

LONDON: Copper prices came under pressure on Tuesday as a lack of big-ticket stimulus from top metals consumer China...

Published 05 Mar, 2024 06:31pm

Middle East

Gaza ceasefire talks extended in Cairo for another day, Hamas says

CAIRO/RAFAH: Hamas negotiators will remain in Cairo for another day at the request of mediators, keeping ceasefire...

Published 05 Mar, 2024 06:18pm

Perspectives

The new coalition and the way forward

When it comes to the outlook of Pakistan’s political sphere, there are questions on whether stability or...

Published 05 Mar, 2024 06:15pm

Technology

Cisco’s Splunk deal set to win unconditional EU antitrust OK, sources say

BRUSSELS: Cisco Systems is set to secure unconditional EU antitrust approval for its $28 billion bid for...

Published 05 Mar, 2024 05:48pm

Middle East

8,000 patients need evacuating from Gaza: WHO

GENEVA: An estimated 8,000 patients need evacuating out of the Gaza Strip, the World Health Organization said...

Published 05 Mar, 2024 05:44pm

Energy

Oil slips as China reforms underwhelm despite OPEC+ support

LONDON: Oil slipped for a second day on Tuesday as concern over China’s plan for growth and uncertainty over the...

Updated 05 Mar, 2024 05:44pm

USA

Japan PM to address US Congress on April 11

TOKYO: Japanese Prime Minister Fumio Kishida has been invited to address a joint session of the US Congress during a...

Published 05 Mar, 2024 05:40pm

Pakistan

Closure of X: IHC issues notices to info ministry, PTA

Adjourns hearing till next week

Updated 05 Mar, 2024 05:39pm

Luxury

Dubai Mall becomes ‘most visited place on earth’, set to see another ‘record year’

Sees record 105 million visitors in 2023

Published 05 Mar, 2024 05:37pm

Sports

100-Test milestone ‘just a number’, says India’s Ashwin

DHARAMSALA: India spinner Ravichandran Ashwin said Tuesday he did not share his family’s excitement for his 100th...

Published 05 Mar, 2024 05:37pm

Europe

Turkish foreign minister visits US this week

ANKARA: Turkiye’s foreign minister will visit the US on March 7-8 for talks on the Gaza and Ukraine wars and defence...

Published 05 Mar, 2024 05:32pm

Energy

Pakistan’s biggest private utility Hubco forecasts power demand will fall in 2024

KARACHI: Pakistan’s largest private utility Hub Power Co Ltd (Hubco) expects power consumption in the country to...

Published 05 Mar, 2024 05:32pm

Stocks

World stocks wobble over China growth target

LONDON: Global equities wobbled Tuesday as investors tracked corporate news but were underwhelmed by the latest...

Updated 05 Mar, 2024 05:28pm

Movies & Music

The 10 contenders for the best picture Oscar

LOS ANGELES: From dramas about the atomic bomb and Auschwitz, to comedies about dolls and sex-mad reanimated...

Published 05 Mar, 2024 05:27pm

Stocks

Indian shares snap winning run on IT slide; surge in Tata Motors limits losses

BENGALURU: Indian shares fell on Tuesday, snapping a four-session winning streak, dragged by information technology...

Published 05 Mar, 2024 05:23pm

Stocks

Sri Lanka shares end higher as financials surge

CSE All-Share index settled 0.34% higher at 10,841.65

Published 05 Mar, 2024 05:20pm

Commodities

Palm oil rebounds to 5-week high amid supply concerns, inclement India weather

SINGAPORE: Malaysian palm oil futures closed at a five-week high on Tuesday, rebounding from two days of decline...

Published 05 Mar, 2024 05:18pm

Travel

Shake Shack chef takes the streets of Tokyo

TORONTO: Randy Garutti knows street food: He has been Shake Shack’s chief executive officer since its inception as a...

Published 05 Mar, 2024 05:03pm

Middle East

Diplomatic push for Israel-Hamas ceasefire intensifies

GAZA STRIP: International mediators and Hamas delegates were in Cairo Tuesday for talks to try to secure a pause in...

Updated 05 Mar, 2024 04:35pm

Business & Economy

Economic policy over next several months crucial for Pakistan: US Ambassador

KARACHI: US Ambassador to Pakistan Donald Blome has said economic policy developed over the next several months...

Updated 05 Mar, 2024 04:32pm

Commodities

Gold price per tola jumps another Rs2,700 in Pakistan

Gold prices surged in Pakistan on Tuesday in line with the increase in the international rate. The yellow metal was...

Published 05 Mar, 2024 04:06pm

Commodities

Pakistan’s gas reserves to reduce by half by FY27: SSGC

Pakistan’s indigenous gas reserves are projected to reduce to half of current production by fiscal year 2026-27,...

Updated 05 Mar, 2024 04:04pm

Luxury

Most extravagant wedding ever?: Ambanis draw who’s who at three-day extravaganza

Celebrities and tycoons arrived on charter jets for a three-day-pre-wedding jamboree that began on Friday as Indian...

Updated 05 Mar, 2024 03:51pm

Stocks

Ashtead, commodity stocks drag FTSE 100 to near three-week lows

Britain’s blue-chip stock index fell to a near three-week low on Tuesday, dragged down by commodity-linked shares...

Published 05 Mar, 2024 03:03pm

Companies

India agency verifies McDonald’s claim of ‘real’ cheese use, franchisee says

MUMBAI/CHENNAI: An executive at McDonald’s biggest Indian franchisee Westlife Foodworld’s said on Tuesday the...

Published 05 Mar, 2024 03:01pm

Commodities

China bought at least 65,000 T Ukrainian corn, traders say

HAMBURG: Chinese importers are believed to have purchased at least 65,000 metric tons of animal feed corn from...

Published 05 Mar, 2024 02:59pm

Energy

Russia’s February oil and gas budget revenue rises 40% m/m

MOSCOW: Proceeds from oil and gas sales for Russia’s federal budget jumped 40% in February from the previous month...

Published 05 Mar, 2024 02:57pm

Europe

Ukraine says destroyed Russian warship on Black Sea

KYIV: Ukraine claimed Tuesday that its forces had destroyed a Russian military patrol boat on the Black Sea near the...

Published 05 Mar, 2024 02:27pm

Luxury

Stella McCartney serves ‘gentle reminder’ on fashion’s environmental harm at Paris show

PARIS: Stella McCartney drew her audience to a giant greenhouse in a Paris park for her winter runway presentation,...

Published 05 Mar, 2024 02:11pm

Forex

Russian rouble steadies, Sberbank shares hit more than two-year high

MOSCOW: The Russian rouble steadied near 91 to the dollar on Tuesday, while shares in leading lender Sberbank surged...

Published 05 Mar, 2024 01:37pm

Forex

South African rand slightly weaker ahead of PMI, GDP

JOHANNESBURG: South Africa’s rand was slightly weaker in early trade on Tuesday, as traders were awaiting...

Published 05 Mar, 2024 01:36pm

Commodities

India’s Feb palm oil imports plunge to 9-month low; sunoil rises

MUMBAI: India’s palm oil imports in February plunged to their lowest levels in nine months, as higher prices...

Published 05 Mar, 2024 01:35pm

Commodities

Turkiye tenders to export 150,000 T durum wheat, traders say

HAMBURG: Turkiye state grain board TMO has issued an international tender to sell and export 150,000 metric tons of...

Published 05 Mar, 2024 01:34pm

Technology

Apple China iPhone sales plunge 24% as Huawei’s popularity surges

BEIJING: Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research...

Published 05 Mar, 2024 01:32pm

Companies

Volvo Cars February sales volume down 2% year-on-year

COPENHAGEN: Volvo Cars’ sales fell 2% in February from a year earlier to 50,315 cars, the Sweden-based group said on...

Published 05 Mar, 2024 01:31pm

Europe

Emmanuel Macron heads to Prague for talks on arms for Ukraine

PRAGUE: French President Emmanuel Macron will visit Prague on Tuesday to clarify his country’s standpoint on a Czech...

Published 05 Mar, 2024 12:55pm

Europe

UK’s Princess Kate seen in public for first time since surgery: US media

LOS ANGELES: Britain’s Catherine, Princess of Wales, was spotted in public on Monday for the first time since she...

Published 05 Mar, 2024 12:52pm

Stocks

Asian markets mostly down as China sets 5% growth goal

HONG KONG: Asian markets largely fell on Tuesday after China set a five percent annual growth target and Wall Street...

Published 05 Mar, 2024 12:45pm

USA

Jeff Bezos dethrones Musk to reclaim title of world’s richest man

WASHINGTON: Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk...

Published 05 Mar, 2024 12:22pm

South Asia

Maldives signs China defence deal as India prepares exit

MALÉ: The Maldives has signed a “military assistance” deal with China after ordering Indian troops deployed in the...

Published 05 Mar, 2024 12:18pm

Sports

Jonny Bairstow under pressure in 100th Test after lean India series

DHARAMSALA: Struggling England batsman Jonny Bairstow looks to be fighting to save his Test career when the fifth...

Published 05 Mar, 2024 12:15pm

Europe

Women battle on for equality in top business jobs

PARIS: More women are taking top management jobs but inequality persists, with men still dominating business...

Published 05 Mar, 2024 12:10pm

KIBOR falls 10 bps on lower inflation figures

KARACHI: The Karachi Interbank Offered Rate (KIBOR) on Monday fell 10 basis points (bps) on lower inflation figures....

Updated 05 Mar, 2024 11:35am

Commodities

China to consolidate increase in soybean production, work report says

BEIJING: China will consolidate the increase in its soybean production and also increase soybean crop yields on a...

Published 05 Mar, 2024 11:28am

World

New Zealand PM flies commercial for ASEAN summit after fault grounds aircraft

SYDNEY: New Zealand Prime Minister Christopher Luxon on Tuesday was forced to fly on a commercial flight to attend...

Published 05 Mar, 2024 11:22am

Markets

Unilever Pakistan Foods’ earnings jump 23% to hit Rs9.74bn in 2023

Unilever Pakistan Foods Limited (UPFL), a subsidiary of Conopco Inc. USA, saw its profit-after-tax jump by 23%,...

Published 05 Mar, 2024 11:17am

Technology

Bitcoin surges past $68,000, in sight of record high

SINGAPORE: Bitcoin was perched at a two-year peak on Tuesday, breaking above $68,600 and stalking the all-time high...

Published 05 Mar, 2024 11:17am

USA

Donald Trump wins North Dakota caucus ahead of Super Tuesday vote

Donald Trump won the North Dakota Republican presidential caucuses on Monday, according to a projection by Edison...

Published 05 Mar, 2024 11:14am

Business & Finance

China vows to ‘transform’ economy, targets stable growth of around 5%

BEIJING: China will target economic growth of around 5% this year, Premier Li Qiang said on Tuesday, promising steps...

Updated 05 Mar, 2024 11:10am

Energy

Mexico’s Pemex reports 44% surge in debt since October

MEXICO CITY: Mexican state oil company Pemex’s debt with suppliers and contractors surged 44% between its October...

Published 05 Mar, 2024 11:10am

Forex

China’s yuan steady as Beijing sets 2024 GDP target

SHANGHAI: China’s yuan held steady against the dollar on Tuesday after the government set an economic growth target...

Published 05 Mar, 2024 11:06am

Asia

Indonesia’s presumed president Prabowo promises ‘very smooth’ transition of power

JAKARTA: Indonesia’s presumed president Prabowo Subianto on Tuesday promised a “very smooth” transfer of power later...

Published 05 Mar, 2024 11:03am

Forex

Australia dollar steady, market digests data showing smaller recession risk

SYDNEY: The Australian dollar held steady on Tuesday as investors chewed over an upbeat report on trade that...

Published 05 Mar, 2024 10:56am

Companies

India’s Tata Motors jumps on plans to split into two listed firms

BENGALURU: Shares of Tata Motors advanced 4% in early trade on Tuesday, a day after the Indian automaker said it...

Published 05 Mar, 2024 10:53am

Asia

North Korea denounces South Korea-US military drills, warns of consequences

SEOUL: North Korea’s defence ministry urged South Korea and the United States to stop military drills, saying they...

Published 05 Mar, 2024 10:50am

Energy

Saudi Arabia’s non oil business activity rebounds in Feb, PMI survey shows

ABU DHABI: Non-oil business activity in Saudi Arabia rebounded in February, a survey showed on Tuesday, supported by...

Published 05 Mar, 2024 10:46am

Business & Finance

Thai exports seen rising 1% to 2% this year

BANGKOK: Thailand’s exports are expected to rise 1% to 2% this year, unchanged from a previous forecast, the Thai...

Published 05 Mar, 2024 10:44am

Energy

UAE’s non oil business activity picks up in February, PMI survey shows

ABU DHABI: Non oil business activity in the United Arab Emirates accelerated in February after a slowdown the...

Published 05 Mar, 2024 10:40am

Sports

Andrey Rublev calls on ATP to review rule that led to default in Dubai

Andrey Rublev has called on the ATP Tour to change the rule that led to him being defaulted at the Dubai Tennis...

Published 05 Mar, 2024 10:38am

Integrating renewable energy into operations: Nepra grants approval to two of three RFPs submitted by KE

ISLAMABAD: In a significant development, National Electric Power Regulatory Authority (NEPRA) has granted approval...

Updated 05 Mar, 2024 10:38am

Asia

Magnitude 5.5 earthquake strikes Southern Iran region

An earthquake measuring 5.5 magnitude struck the Southern Iran region on Tuesday, the German Research Centre for...

Published 05 Mar, 2024 10:29am

Commodities

Palm oil rebounds amid supply concerns, inclement India weather

SINGAPORE: Malaysian palm oil futures rebounded on Tuesday, amid supply concerns and inclement Indian weather...

Published 05 Mar, 2024 10:26am

Sports

Australia’s Kerr to stand trial over alleged racial harassment of police officer

Australia captain Sam Kerr will face trial in the UK accused of the racially aggravated harassment of a police...

Published 05 Mar, 2024 10:23am

Stocks

China stocks steady, Hong Kong fall as NPC fails to inspire

SHANGHAI: Chinese stocks steadied while the Hong Kong market tumbled on Tuesday, after Beijing set a widely-expected...

Published 05 Mar, 2024 10:20am

Mutual Funds

Indian bond yields set for another session with sideway moves

MUMBAI: Indian government bond yields continued to move sideways in early trading on Tuesday, with traders eyeing...

Published 05 Mar, 2024 10:18am

Forex

Indian rupee to struggle on rise in US Treasury yields, weak Asia

MUMBAI: The Indian rupee is expected to decline at open on Tuesday with US Treasury yields pushing higher amid focus...

Published 05 Mar, 2024 10:17am

Bullion Rate

Gold hovers near 3-month peak; focus shifts to Powell testimony

Gold prices clung to a three-month peak on Tuesday, supported by softer US manufacturing and construction spending,...

Published 05 Mar, 2024 10:13am

Stocks

Australia shares inch lower as miners weigh; GDP data in focus

Australian shares traded lower on Tuesday, as the losses in heavyweight banking stocks overshadowed the gains in...

Published 05 Mar, 2024 10:10am

Stocks

Japan’s Nikkei slips from record peak as chip-related shares dip

TOKYO: Japan’s Nikkei share average fell on Tuesday as investors sold chip-related stocks to lock in profits, after...

Published 05 Mar, 2024 10:09am

Stocks

Indian shares set to extend rise after strong economic data, domestic flows

BENGALURU: Indian shares are set to open higher on Tuesday, after closing at new record highs for three straight...

Published 05 Mar, 2024 10:03am

Forex

Dollar a spectator to China news, yen ponders rate risks

SYDNEY: The dollar held steady on the yuan on Tuesday as markets digested a welter of policy statements out of...

Published 05 Mar, 2024 10:01am

IMF: PM asks his team to begin a course of action

Directs it to prepare an action plan on an emergency basis to improve the economic situation

Updated 05 Mar, 2024 09:47am

Registered persons: FBR issues new procedure for disposal of requests

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new procedure for disposal of requests of registered...

Updated 05 Mar, 2024 09:46am

KP PA approves over Rs159bn budget for current month

PESHAWAR: The newly formed provincial Assembly of Khyber Pakhtunkhwa during its maiden session here on Monday...

Updated 05 Mar, 2024 09:36am

ADB warns govt of loan suspension

ISLAMABAD: The Asian Development Bank (ADB) has cautioned the government that if Audited Project Financial...

Updated 05 Mar, 2024 09:35am

March 3, 2024: FBR issues Rs65bn refunds to exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has issued all outstanding refunds as on March 3, 2024 to exporters...

Updated 05 Mar, 2024 09:20am

Poor civil works, etc: Nepra warns MD NTDC of possible action

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has warned Managing Director, National Transmission...

Updated 05 Mar, 2024 09:18am

MFPU head: FD to hire professional for 3 years

ISLAMABAD: The Finance Division has decided to hire a professional to head the Macro-Fiscal Policy Unit (MFPU)...

Updated 05 Mar, 2024 09:18am

BR Research

Gas price & PBS: Never-ending love affair

“Wonderful news on the inflation front” and other message son similar lines were aplenty last Friday when the...

Published 05 Mar, 2024 09:07am

BR Research

Pioneer: Flying colours

It was finally time for shareholders of a certain cement company to dip into the company’s profits. In 2QFY24,...

Published 05 Mar, 2024 09:04am

PSO to write letter to govt to help the entity avert default

ISLAMABAD: Chairman Board of Management (BoM) of Pakistan State Oil (PSO), Asif Baig Mohamed will write a SOS (Save...

Updated 05 Mar, 2024 08:49am

Pakistan

Probe into May 9 riots: Bilawal endorses PTI’s joint commission demand

ISLAMABAD: Amid pandemonium in the National Assembly, chairman Pakistan Peoples Party Bilawal Bhutto Zardari on...

Updated 05 Mar, 2024 08:49am

BR’s refresher: your morning briefing for the day

Important updates from March 4, 2024

Published 05 Mar, 2024 08:45am

Opinion

Challenges, challenges

The shape of the post-election regime has been more or less settled, with the remaining Presidential election on...