News Archives for Latest - 2024-03-27

World

Blinken to discuss Ukraine, Gaza with Macron in Paris

WASHINGTON: US Secretary of State Antony Blinken will discuss support for Ukraine during talks in Paris next week...

Published 27 Mar, 2024 11:42pm

World

Iran sentences police officer to death for killing protester

TEHRAN: An Iranian court has sentenced a police chief in northern Iran to death after he was charged with killing a...

Published 27 Mar, 2024 10:30pm

Pakistan

No attempt to sabotage China-Pakistan cooperation will ever succeed, says Beijing

Reaffirms its commitment to support Pakistan for economic development and fighting terrorism

Published 27 Mar, 2024 10:30pm

Luxury

Karl Lagerfeld’s Paris apartment sold for $10.8mn

PARIS: The futuristic Paris apartment of late fashion designer Karl Lagerfeld sold for 10 million euros ($10.8...

Updated 27 Mar, 2024 10:13pm

Europe

France to help Brazil develop nuclear-powered submarines: Macron

ITAGUAÍ: President Emmanuel Macron said Wednesday that France would help Brazil develop nuclear technology for...

Published 27 Mar, 2024 09:51pm

Stocks

Record high: KSE-100 settles above 66,500 with 642-point gain

Progress on privatisation front, likely deal with IMF drive rally

Updated 27 Mar, 2024 09:32pm

USA

US says it doesn't support Iran-Pakistan gas pipeline project going forward

WASHINGTON: The US said on Tuesday it does not support a Iran-Pakistan gas pipeline project from going forward and...

Updated 27 Mar, 2024 09:30pm

Pakistan

President Zardari visits Chinese Embassy, expresses condolence over Tuesday’s suicide bombing

President Asif Ali Zardari on Wednesday visited the Embassy of People’s Republic of China and offered condolences,...

Published 27 Mar, 2024 08:42pm

Middle East

Intense Israeli bombardment hits southern Gaza, calls for more aid grow

GAZA STRIP: The southern Gaza Strip came under intense Israeli bombardment overnight, despite international pressure...

Updated 27 Mar, 2024 08:57pm

Money & Banking

MCB Bank gets SBP’s green signal to commence Exchange Company operations

MCB Bank Limited, one of the largest commercial banks in the country, has received approval of the State Bank of...

Updated 27 Mar, 2024 08:43pm

Business & Economy

July-February FY24: foreign investors’ profit repatriation soars 237%

Repatriation of profit and dividends by foreign investors was a massive 237% higher on a year-on-year basis during...

Updated 27 Mar, 2024 08:42pm

Pakistan

Alleged interference by spy agencies: CJP summons full court meeting

Chief Justice of Pakistan (CJP) Qazi Faez Isa summoned on Wednesday a full court meeting of the apex court over the...

Updated 27 Mar, 2024 08:28pm

Companies

Engro Fertilizers to extend Rs5bn intercompany loan to EPCL

Engro Fertilizers Limited (EFERT), a wholly owned subsidiary of Engro Corporation Limited, will extend a Rs5 billion...

Updated 27 Mar, 2024 08:28pm

Arts

US artist Richard Serra, known for enormous steel sculptures, dead at 85

American artist Richard Serra, whose enormous steel sculptures coated with a fine patina of rust decorated...

Published 27 Mar, 2024 08:24pm

Stocks

Gulf bourses drop on weaker oil prices; Saudi gains

Stock markets in the Gulf declined on Wednesday on falling oil prices as the surge in crude stockpiles in the United...

Published 27 Mar, 2024 08:24pm

Sports

Bangladesh coach to miss second Sri Lanka Test

DHAKA: Bangladesh coach Chandika Hathurusinghe will miss the second and final Test against Sri Lanka due to personal...

Published 27 Mar, 2024 08:11pm

USA

Yellen to urge China to address overcapacity issues

WASHINGTON: A surge in cheap exports from China in industries like electric vehicles could bring “global...

Published 27 Mar, 2024 07:48pm

Pakistan

Pakistan’s military, civilian officials to probe bombing that killed Chinese nationals

PM Shehbaz calls for joint investigation after suicide bombing in Khyber Pakhtunkhwa

Updated 27 Mar, 2024 07:43pm

Europe

One dead, 10 wounded in Russian attacks on Ukraine

KYIV: Russian attacks on eastern and southern Ukraine killed one woman and wounded 10 other people, officials said...

Published 27 Mar, 2024 07:43pm

Stocks

S&P 500 opens higher after three down sessions

NEW YORK: Wall Street stocks rose early Wednesday as the market seeks to shrug off a lackluster stretch of trading...

Published 27 Mar, 2024 07:32pm

Commodities

Copper touches two-week low, awaits clarity on smelter cuts

LONDON: Copper prices retreated to a two-week low on Wednesday as investors awaited more details from an upcoming...

Published 27 Mar, 2024 06:35pm

Energy

Oil falls for second day as US crude inventories surge

LONDON: Oil prices fell for a second day on Wednesday on surging U.S. stockpiles and signs the OPEC+ producer group...

Updated 27 Mar, 2024 06:33pm

South Asia

Ukraine, India foreign ministers to meet in New Delhi

NEW DELHI: Ukraine’s foreign minister will begin a two-day visit to India on Thursday to discuss “global issues”,...

Published 27 Mar, 2024 05:58pm

Sports

Bayern’s Kane back but Neuer doubtful for Dortmund match

BERLIN: Bayern Munich striker Harry Kane returned to team training on Wednesday while captain Manuel Neuer remains...

Published 27 Mar, 2024 05:53pm

Stocks

Sri Lankan shares end higher as financials, industrials rise

CSE All Share index settled up 0.87% at 11,434.49

Published 27 Mar, 2024 04:55pm

Life & Style

Fast-fashion retailer H&M delayed some campaigns due to Red Sea crisis

STOCKHOLM: H&M the world’s second-biggest listed fashion retailer, postponed the start of some Spring/Summer...

Published 27 Mar, 2024 04:53pm

Sports

Djokovic splits from Ivanisevic with bitter sweet message

PARIS: Novak Djokovic and Goran Ivanisevic are to go their separate ways, the tennis world number one announced on...

Published 27 Mar, 2024 04:53pm

Currency

Indian rupee falls to record low, central bank likely steps in

MUMBAI: The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local oil companies, importers...

Published 27 Mar, 2024 04:51pm

Sports

England’s Southgate ponders tough choices as Euro 2024 looms

LONDON: Gareth Southgate has watched his final England international before he names his Euro 2024 squad. Now he...

Published 27 Mar, 2024 04:49pm

Forex

Rupee registers marginal gain against US dollar

Currency settles at 278.04 against the greenback in inter-bank market

Updated 27 Mar, 2024 04:49pm

South Asia

Southeast Asia human trafficking now a global crisis, Interpol says

SINGAPORE: Organised crime rings who fuelled an “explosion” of human trafficking and cyber scam centres during the...

Published 27 Mar, 2024 04:45pm

Sports

Istanbul to host 2027 European Games

Istanbul has been unanimously chosen as the host for the fourth European Games in 2027, the European Olympic...

Published 27 Mar, 2024 04:41pm

Stocks

Reliance leads rise in Indian shares; realty stocks extend rally

BENGALURU: Indian shares rose on Wednesday led by heavyweight Reliance Industries after Goldman Sachs set a...

Published 27 Mar, 2024 04:36pm

Commodities

Palm oil falls to 2-week closing low; mirrors losses in rivals

SINGAPORE: Malaysian palm oil futures fell for a second straight session to a two-week closing low on Wednesday,...

Published 27 Mar, 2024 04:33pm

Luxury

London’s Mayfair tipped to become ‘world’s most expensive address’

Prices of residences likely to pass current record of £175 million

Published 27 Mar, 2024 04:14pm

Pakistan

Pakistan ‘well positioned’ to leverage $949bn global carbon market but challenges aplenty

Experts say clarity of policy and ensuring benefits reach communities affected by climate change of utmost importance

Published 27 Mar, 2024 04:32pm

Commodities

Gold price per tola increases Rs100 in Pakistan

Gold rates in Pakistan advanced on Wednesday in line with an increase in the international rate. The yellow metal...

Published 27 Mar, 2024 04:04pm

Forex

Ugandan shilling weaker on energy, manufacturing dollar demand

KAMPALA: The Ugandan shilling was weaker against the dollar on Wednesday compared to the previous session, hurt by...

Published 27 Mar, 2024 03:25pm

Forex

Kenyan shilling firms on limp dollar demand

Kenya’s shilling strengthened against the dollar on Wednesday, as scant foreign exchange demand was met by stronger...

Published 27 Mar, 2024 03:22pm

Perspectives

How tech is transforming SDGs into reality

Working for a tech firm, I find many opportunities to delve into the impact that our work has on the globe today. As...

Published 27 Mar, 2024 03:21pm

Life & Style

What’s in store for Eid-ul-Fitr 2024

With Eid-ul-Fitr holidays just around the corner, shoppers are gearing up for the festive break, stocking up on...

Published 27 Mar, 2024 02:47pm

Business & Finance

Citi lays off 10 research staff in Asia Pacific as part of global revamp, sources say

HONG KONG: Citigroup Inc has laid off at least 10 people in its equities research department in Asia Pacific this...

Published 27 Mar, 2024 01:57pm

Business & Finance

Renault to sell about 2.5% of Nissan shares for up to 362 million euros

PARIS: French car maker Renault said in a statement it plans to sell about 2.5% of Nissan’s shares to the Japanese...

Published 27 Mar, 2024 01:56pm

Real Estate

China’s Country Garden hires Kroll to carry out liquidation analysis, sources say

HONG KONG/SYDNEY: Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in...

Published 27 Mar, 2024 01:55pm

South Asia

India strongly objects to US remarks on opposition leader Kejriwal’s arrest

MUMBAI: India has strongly objected to remarks made by the United States on the arrest of key opposition leader and...

Published 27 Mar, 2024 01:53pm

Real Estate

German property lenders see slight pickup in financing in 2024

FRANKFURT; German property lenders are forecasting a slight revival in real-estate financing this year after a sharp...

Published 27 Mar, 2024 01:52pm

Stocks

UK’s FTSE 100 lacklustre at open as energy stocks fall

Britain’s FTSE 100 opened slightly lower on Wednesday, hurt by declines in energy and bank stocks but losses were...

Published 27 Mar, 2024 01:51pm

Stocks

European shares muted ahead of economic data; H&M shines

European stocks opened flat on Wednesday after closing at record high in the previous session, as investors awaited...

Published 27 Mar, 2024 01:50pm

Stocks

Gulf equities drop in early trade on weaker oil prices

Stock markets in the Gulf dropped in early trade on Wednesday, on falling oil prices as the surge in crude...

Published 27 Mar, 2024 01:49pm

Europe

Thousands protest against Hungary’s Orban after former insider leaks graft case tape

BUDAPEST: Thousands of people protested in Budapest near parliament on Tuesday demanding the chief prosecutor and...

Published 27 Mar, 2024 01:48pm

Movies & Music

Beyonce album highlights the Black women changing country music

NASHVILLE: “Twenty-three in Music City / With dreams and high-heeled boots / Singin’ for a crowd of blue eyes / Will...

Published 27 Mar, 2024 01:41pm

Mutual Funds

Euro zone government bond yields edge down ahead of inflation data

Euro zone yields fell slightly on Wednesday in low volumes ahead of the Easter holidays, with investors waiting for...

Published 27 Mar, 2024 01:33pm

Mutual Funds

JGB yields drop after solid auction sales, BOJ comments

TOKYO: Japanese government bond (JGB) yields fell on Wednesday, with the benchmark 10-year yield hitting a...

Published 27 Mar, 2024 01:32pm

Forex

Russian rouble unchanged against the US dollar

MOSCOW: The Russian rouble was largely unchanged against the US dollar on Wednesday. By 0715 GMT, the rouble was...

Published 27 Mar, 2024 01:30pm

Business & Finance

UBS sells $8 billion of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...

Published 27 Mar, 2024 01:29pm

Europe

Eighth suspect in Moscow attack appears in court, rights commissioner warns on torture

MOSCOW/DUSHANBE: Russia remanded in custody on Tuesday a Kyrgyzstan-born man suspected of involvement in Friday’s...

Published 27 Mar, 2024 01:28pm

Sports

Poland beat Wales on ‘cruel’ penalties to qualify for Euro 2024

CARDIFF: Wales boss Rob Page said missing out on Euro 2024 was “cruel” on his players after Poland edged a penalty...

Published 27 Mar, 2024 12:58pm

Sports

Brazil draw six-goal thriller with Spain as Endrick, Yamal dazzle

MADRID: Brazil snatched a late leveller to share an entertaining and occasionally heated 3-3 friendly draw with...

Published 27 Mar, 2024 12:53pm

Stocks

Hong Kong stocks drop in opening trade

HONG KONG: Hong Kong stocks began with losses Wednesday morning following a small retreat on Wall Street with...

Published 27 Mar, 2024 12:48pm

Sports

Victoria Azarenka battles into Miami semis, Rybakina beats Sakkari

MIAMI: Three-time Miami Open winner Victoria Azarenka battled for nearly three hours to get past a determined Yulia...

Published 27 Mar, 2024 12:44pm

Sports

Argentina roar back to beat Costa Rica 3-1 in friendly

LOS ANGELES: Angel Di Maria, Alexis Mac Allister and Lautaro Martinez rescued Argentina on Tuesday as the world...

Published 27 Mar, 2024 12:38pm

Sports

Daniil Medvedev, Alcaraz and Sinner through in Miami

MIAMI: Defending Miami Open champion Daniil Medvedev and top seed Carlos Alcaraz marched into the quarter-finals of...

Published 27 Mar, 2024 12:18pm

USA

Six presumed dead after ship destroys major US bridge

BALTIMORE: Authorities on Tuesday suspended their search for six people missing after a packed cargo ship slammed...

Published 27 Mar, 2024 12:13pm

Early completion of Gwadar Power Plant ordered

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal directs concerned stakeholders to remove all the bottlenecks and start the construction work immediately

Updated 27 Mar, 2024 11:48am

Middle East

At least seven killed in Israeli strike on Southern Lebanon

BEIRUT: At least seven people were killed in an Israeli strike on Nabatieh in Southern Lebanon, two security sources...

Published 27 Mar, 2024 11:23am

Business & Finance

China’s industrial profits rise 10.2% in Jan-Feb

BEIJING: Profits at China’s industrial firms jumped 10.2% in the January-February period from the same period last...

Published 27 Mar, 2024 11:20am

Business & Finance

Australia inflation holds at two-year low of 3.4% in Feb

SYDNEY: Australian consumer price inflation held at a two-year low in February, contrary to expectations for a...

Published 27 Mar, 2024 11:19am

Companies

Hyundai Motor Group to invest 68 trillion won over 3 years

SEOUL: South Korea’s Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three...

Published 27 Mar, 2024 11:18am

Stocks

Australian shares inch higher; inflation data reinforces subdued rate-cut view

Australian shares inched higher on Wednesday, with healthcare and consumer stocks leading gains, while data showed...

Published 27 Mar, 2024 11:16am

Forex

Australian dollar dips as inflation undershoots again

SYDNEY: The Australian dollar eased slightly on Wednesday after inflation data surprised on the downside and...

Published 27 Mar, 2024 11:15am

Business & Finance

BOJ’s Tamura calls for slow but steady policy normalisation

TOKYO: Bank of Japan (BOJ) board member Naoki Tamura said on Wednesday the central bank must proceed slowly but...

Published 27 Mar, 2024 11:14am

Technology

LG Group to invest $74.4bn over next 5 years

SEOUL: South Korean conglomerate LG Group will invest 100 trillion won ($74.42 billion) within the country over the...

Published 27 Mar, 2024 11:13am

Technology

Chinese TikTok sellers complain of under-fire platform tightening US rule enforcement

SHENZHEN: Chinese e-commerce vendors that want to sell products on TikTok Shop in the US as an alternative to Amazon...

Published 27 Mar, 2024 10:59am

Commodities

Palm oil falls for second session, tracking rivals lower

SINGAPORE: Malaysian palm oil futures fell for a second straight session on Wednesday, ahead of a market holiday, on...

Published 27 Mar, 2024 10:48am

Forex

India rupee may face some pressure as weaker yuan weighs on Asian FX

MUMBAI: The India rupee is likely to open flat on Wednesday, although the Indian currency may face some pressure on...

Published 27 Mar, 2024 10:46am

Stocks

Japanese shares rise on weak yen, demand for ex-dividend stocks

TOKYO: Japanese shares rose on Wednesday as a weaker yen boosted exporters, while retail investors scooped up stocks...

Published 27 Mar, 2024 10:43am

Commodities

Zinc falls on weak steel demand, strong dollar

Zinc prices slid on Wednesday to hit their lowest in more than three weeks, as a firm dollar and weakening demand...

Published 27 Mar, 2024 10:41am

Stocks

Asia stocks mixed, yen nears intervention zone

TOKYO: Japanese stocks advanced amid a weakening yen on Wednesday while Chinese stocks slipped, with overall...

Published 27 Mar, 2024 10:38am

Bullion Rate

Gold subdued as dollar firms, investors seek more Fed cues

Gold prices edged lower on Wednesday due to an uptick in the dollar, although bullion traded in a narrow range as...

Published 27 Mar, 2024 10:36am

Asia

China’s President Xi meets US executives, academics in Beijing

BEIJING: China’s President Xi Jinping met with US executives and academics at the Great Hall of the People in...

Published 27 Mar, 2024 10:32am

Stocks

Indian shares open higher, led by energy stocks

BENGALURU: Indian shares opened higher on Wednesday, led by energy stocks on a fall in crude oil prices, while IT...

Published 27 Mar, 2024 10:29am

Commodities

Iron ore extends fall on lingering China demand concerns

BEIJING: Iron ore futures prices extended losses on Wednesday, pressured by persistent concerns about demand in top...

Published 27 Mar, 2024 10:27am

Commodities

Indonesia rice surplus in first half of 2024 seen narrowing, agriculture ministry says

JAKARTA: Indonesia’s domestic rice supply-demand gap is seen at a surplus of 1.7 million metric tons in the first...

Published 27 Mar, 2024 10:25am

Business & Finance

Stationery items: customs’ values revised

ISLAMABAD: The Directorate General of Customs Valuation, Karachi has rationalized customs values on the import of a...

Updated 27 Mar, 2024 10:22am

Technology

EV maker VinFast signs partnership agreements with 15 dealers in Thailand

HANOI: Vietnamese electric vehicle maker VinFast said on Wednesday that it had signed partnership agreements with 15...

Published 27 Mar, 2024 10:17am

Mutual Funds

Indian benchmark yield holds around 7.08% as FY nears end

MUMBAI: Indian government bond yields opened little changed on Wednesday, with the benchmark yield hovering around...

Published 27 Mar, 2024 10:15am

Forex

Asian currencies at multi-month lows against US dollar; stocks mixed

Several Asian currencies hit multi-month lows on Wednesday, while regional stocks were mixed, with traders pouring...

Published 27 Mar, 2024 10:13am

Commodities

Ample supply pushes wheat towards lowest levels since 2020

CANBERRA: Chicago wheat futures fell towards 3-1/2-year lows on Wednesday as traders dismissed concerns that exports...

Published 27 Mar, 2024 10:10am

Asia

Japan finance minister issues his strongest warning to date on yen weakness

Japan’s finance minister issued his strongest warning to date about the weakness of the yen as the currency fell to...

Published 27 Mar, 2024 10:09am

Forex

China’s yuan weakens as strengthened dollar pressures

SHANGHAI: China’s yuan weakened on Wednesday due to the strengthened dollar’s continued pressure, despite the...

Published 27 Mar, 2024 10:06am

Stocks

China stocks fall amid strong foreign outflows

SHANGHAI: China stocks fell on Wednesday and the yuan weakened, pressured by the strengthened US dollar, with strong...

Published 27 Mar, 2024 10:01am

Forex

Yen hits 34-year low ahead of key US inflation test

SINGAPORE: The dollar climbed on Wednesday in the wake of more strong US economic data, nudging the Japanese yen to...

Published 27 Mar, 2024 09:57am

PIA sell-off now in sight as BoD takes major step

ISLAMABAD: The Board of Directors of Pakistan International Airlines Corporation Limited (PIACL) has taken a...

Updated 27 Mar, 2024 09:39am

NTDC asked to expedite work on power evacuation projects

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmad Khan Leghari has directed National Transmission and...

Updated 27 Mar, 2024 09:39am

Local automobile industry in deep trouble: PAMA

KARACHI: The local automobile industry, already grappling with myriad of challenges, is now being severely impacted...

Updated 27 Mar, 2024 09:34am

Use of System Charges: Higher unit cost will make power trade unfeasible?

ISLAMABAD: The higher cost of about Rs 26 per unit Use of System Charges (UoSC) to be recovered from key consumers...

Updated 27 Mar, 2024 09:25am

Cabinet approves 11-member board of PIA holding company

ISLAMABAD: The Federal Cabinet on Tuesday approved the 11-member board of Pakistan International Airlines (PIA)...

Updated 27 Mar, 2024 08:51am

Money & Banking

Zafar Masud elected chairman of PBA

KARACHI: Zafar Masud, President & CEO of The Bank of Punjab (BOP), has been elected as the new Chairman of the...

Updated 27 Mar, 2024 08:48am

PM gives away excellence awards: Award-winning taxpayers to get ‘blue passport’, ‘honour card’

ISLAMABAD: Prime Minister Shehbaz Sharif has announced to give blue passports and honour cards to the award-winning...

Updated 27 Mar, 2024 08:47am

Co’s interest in RE projects: SIFC expresses reservations on UAE focal persons’ attitude

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has expressed reservations at the focal persons for...

Updated 27 Mar, 2024 08:47am

Pakistan

FO says taking necessary steps to bring terrorists to justice

ISLAMABAD: Five Chinese and a Pakistani national were killed on Tuesday in a terrorist attack near Besham in...

Updated 27 Mar, 2024 08:46am

BR’s refresher: your morning briefing for the day

Important updates from March 26, 2024

Published 27 Mar, 2024 08:45am

BR Research

Smuggling back in surge

Petrol smuggling is back. Earlier this week, the Chairman Oil Companies Advisory Council (OCAC) wrote a hard-hitting...

Published 27 Mar, 2024 07:04am

BR Research

Cement prices: End of an era?

Here’s the thing: despite yawningly weak demand that is only becoming weaker every month, the financial success of...

Published 27 Mar, 2024 06:59am

BR Research

IBL HealthCare Limited

IBL HealthCare Limited (PSX: IBLHL) was incorporated in Pakistan as a private limited company in 1997. The company...

Published 27 Mar, 2024 06:53am

Opinion

You are what you WhatsApp?

Letters are formal. Texts and chats are informal. Letters and emails are with a subject. Texts are boundaryless....

Updated 27 Mar, 2024 05:09am

Editorials

Bringing traders into the tax net

EDITORIAL: Successive governments in Pakistan have tried and failed to bring the country’s traders and retailers...

Updated 27 Mar, 2024 05:07am

Editorials

YDA hooliganism

EDITORIAL: Its mission statement posted on its website is “to unite to protect our rights.” But the Young ...

Updated 27 Mar, 2024 05:06am

Editorials

Moscow massacre

EDITORIAL: Russia observed Sunday as a day of mourning for Friday’s terrorist attack at a packed concert hall on...

Updated 27 Mar, 2024 05:05am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (March 26, 2024) and the forecast for Wednesday (March 27, 2024)...