News Archives for Latest - 2024-04-10

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Archive - 2024-04-10

Mutual Funds

US yields spike after inflation report, 10-year hits 4.5%

NEW YORK: U.S. Treasury yields spiked on Wednesday after inflation data came in higher than expected, lifting the...

Updated 12 Apr, 2024 09:31am

USA

US consumer prices accelerate; seen delaying Fed rate cut

Third straight month of strong consumer price readings followed on the heels of news last week that job growth accelerated in March

Updated 12 Apr, 2024 09:28am

Commodities

Gold slips from record levels after hot US inflation data

Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a...

Updated 11 Apr, 2024 10:44am

World

Three sons of Hamas leader Haniyeh killed in Israeli airstrike

CAIRO: Three sons of Hamas leader Ismail Haniyeh were killed in an Israeli airstrike in Gaza on Wednesday, the...

Updated 11 Apr, 2024 10:42am

Energy

Oil prices fall on big build in US crude, fuel inventories

EIA expects Brent crude prices to average $88.55 a barrel in 2024, up from a previous forecast of $87

Updated 11 Apr, 2024 10:42am

Pakistan

President, PM felicitate nation, Muslim Ummah on Eid-ul-Fitr

Both leaders urge Muslims around the world to remember Palestinians, Kashmiris

Updated 11 Apr, 2024 10:37am

Ministries/divisions: MoF annoyed at absence of expense reconciliation

Finance Ministry’s Expenditure Wing reiterates that purpose of reconciliation is to identify any mismatch with actual expenditure, wrong booking, or shortfall in funding under relevant head of account

Updated 11 Apr, 2024 10:36am

Development budget: Ministry decides to ban allocation of fund for ERRA

ISLAMABAD: Ministry of Planning, Development and Special Initiatives has decided to ban allocation of funds for...

Updated 11 Apr, 2024 10:36am

Pakistan

PM Shehbaz, Malaysian counterpart express solidarity with Palestinians

Prime Minister Shehbaz Sharif and Prime Minister of Malaysia Anwar Ibrahim on Wednesday expressed solidarity with...

Updated 11 Apr, 2024 10:36am

Pakistan

Army chief spends Eid day with troops on Pak-Afghan border

Chief of Army Staff (COAS) General Syed Asim Munir spent the first day of Eid-ul-Fitr with troops deployed along the...

Updated 11 Apr, 2024 10:35am

South Asia

India, China should urgently address ‘prolonged situation’ on borders, Modi says

This is an apparent softening of tone on bilateral issues between the two nuclear-armed neighbours

Updated 11 Apr, 2024 10:35am

Forex

South African rand slips against dollar after US CPI release

JOHANNESBURG: South Africa’s rand slipped on Wednesday as the dollar soared after data showed U.S. inflation rose in...

Published 10 Apr, 2024 10:40pm

Travel

What to eat in Lisbon: CEO of Magnolia Bakery

The next time you are nibbling on the guilty pleasure of a cupcake, feel free to blame Bobbie Lloyd. Lloyd helped...

Published 10 Apr, 2024 10:32pm

Stocks

European shares rebound from one-month low; ECB rate verdict up next

European shares staged a recovery after a knee-jerk reaction to a high U.S. inflation reading on Wednesday, with...

Published 10 Apr, 2024 10:14pm

Commodities

Copper retreats from highs after strong US inflation data

LONDON: Copper prices reversed into the red on Wednesday and other metals pared gains after stronger than expected...

Published 10 Apr, 2024 10:08pm

Life & Style

Crown Prince Hussein and Princess Rajwa of Jordan announce they are expecting their first child

Crown Prince Hussein and Princess Rajwa of Jordan announced on Wednesday that they are expecting their first child,...

Published 10 Apr, 2024 09:59pm

USA

US general warns time running out for Ukraine without US aid

WASHINGTON: The top U.S. general in Europe told Congress on Wednesday that Ukraine will run out of artillery shells...

Published 10 Apr, 2024 09:18pm

Stocks

Wall St battered as hot inflation data stymies rate-cut hopes

Wall Street’s main stock indexes tumbled on Wednesday as investors turned risk averse after a...

Published 10 Apr, 2024 09:07pm

Stocks

TSX falls near 1% as traders dial back rate cut expectations

Canada’s main stock index fell nearly 1% on Wednesday after the Bank of Canada (BoC) ruled out rate cuts until there...

Published 10 Apr, 2024 08:17pm

World

US and Japan to announce joint partnership to accelerate nuclear fusion

WASHINGTON: The United States and Japan will announce a joint partnership to accelerate the emerging field of...

Published 10 Apr, 2024 08:02pm

Money & Banking

Bank of Canada: can’t cut rates until it sees more inflation progress

OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and...

Published 10 Apr, 2024 07:58pm

Mutual Funds

Euro zone yields rise as US inflation dims Fed cut hopes

Euro zone bond yields rose on Wednesday after data showed U.S. inflation was stronger than expected in March,...

Published 10 Apr, 2024 07:53pm

World

Global warming will ‘decimate’ G20 economies without unity: UN climate head

LONDON: UN climate chief Simon Stiell on Wednesday warned G20 nations their economies face decimation and they must...

Published 10 Apr, 2024 07:46pm

Europe

NATO chief says Ukraine ‘cannot wait’ for air defences

BRUSSELS: NATO chief Jens Stoltenberg on Wednesday said Ukraine “simply cannot wait” for more air defences as Kyiv...

Published 10 Apr, 2024 07:33pm

Pakistan

Former PM Imran Khan meets wife Bushra Bibi after court order

Former prime minister Imran Khan was allowed to meet his wife Bushra Bibi on Wednesday following the Islamabad High...

Published 10 Apr, 2024 07:02pm

Financial

Hungary’s central bank says financial market stability needed to curb inflation

BUDAPEST: Financial market stability is essential to bring inflation back to the medium-term target due to the...

Published 10 Apr, 2024 06:43pm

Pakistan

Punjab govt to open historical sites during Eid holidays

Punjab government on Wednesday announced the opening of historical sites across the province during Eid holidays,...

Published 10 Apr, 2024 06:40pm

Forex

US dollar hits highest against yen since mid-1990 after inflation data

LONDON: The yen weakened on Wednesday, pushing the dollar to its highest against the Japanese currency since 1990,...

Published 10 Apr, 2024 06:36pm

World

Israel and U.N. disagree over Gaza aid figures

JERUSALEM: Israel has accused the United Nations of undercounting aid entering Gaza, saying on Wednesday the U.N....

Published 10 Apr, 2024 06:21pm

South Asia

India’s BJP members detained at protest seeking Delhi leader’s resignation

NEW DELHI: Several members of India’s ruling Bharatiya Janata Party (BJP) were detained on Wednesday at a...

Published 10 Apr, 2024 06:15pm

World

Israel bombs Gaza during Muslim festival despite US rebuke

GAZA STRIP: Israeli strikes hit Gaza on Wednesday as Muslims marked the end of the holy fasting month of Ramadan and...

Published 10 Apr, 2024 05:59pm

Europe

Biden to attend Ukraine peace talks in June: Swiss media

GENEVA: US President Joe Biden is expected to attend a high-level Ukraine war peace conference which is expected to...

Published 10 Apr, 2024 05:41pm

Europe

Kremlin says ‘very tense’ situation in flooded regions

MOSCOW: The Kremlin on Wednesday said the situation in Russian areas hit by massive floods was “very tense”, warning...

Published 10 Apr, 2024 03:58pm

Europe

Russian air strikes keep up pressure on energy system in Mykolaiv, Odesa

KYIV: A Russian missile and drone attack damaged a Ukrainian energy facility in the Black Sea region of Odesa and...

Published 10 Apr, 2024 03:47pm

Europe

EU finance ministers to discuss Ukraine reform plans, sources say

BERLIN: EU finance ministers will discuss in Luxemburg this week reform plans and an investment agenda submitted by...

Published 10 Apr, 2024 03:44pm

Sports

England women’s striker Rachel Daly retires from internationals

MANCHESTER: Rachel Daly announced her retirement from the England women’s national team on Wednesday after eight...

Published 10 Apr, 2024 03:33pm

Business & Finance

Fitch cuts China’s ratings outlook on growth risks

BEIJING: Fitch cut its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public...

Updated 10 Apr, 2024 02:34pm

Kaheel Energy: envoy comes forward with support

ISLAMABAD: The Ambassador of United Arab Emirates (UAE) has come forward in support of M/s Kaheel Energy EZE for...

Updated 10 Apr, 2024 02:32pm

Pakistan, Kazakhstan agree to expand rail link

ISLAMABAD: Pakistan and Kazakhstan have agreed to expand the Trans-Afghan rail link to enhance rail connectivity to...

Updated 10 Apr, 2024 02:30pm

Gilani elected Senate chairman amid PTI boycott

ISLAMABAD: The boycott by Pakistan Tehreek-e-Insaf (PTI) allowed the ruling coalition on Tuesday to get both of its...

Updated 10 Apr, 2024 02:19pm

Customs’ values on import of branded potato chips revised upward

ISLAMABAD: Directorate General of Customs Valuation Karachi has upward revised customs values on the import of a...

Updated 10 Apr, 2024 02:18pm

Life & Style

‘Joker’ pairs up with Gaga as sequel hype hits CinemaCon

LAS VEGAS: - Warner Bros. offered a glimpse of its eagerly anticipated “Joker” sequel at CinemaCon on Tuesday, as...

Published 10 Apr, 2024 01:56pm

Stocks

European equities open higher before US inflation data

LONDON: Europe’s stock markets ticked higher at the open on Wednesday with all eyes on the release of US inflation...

Published 10 Apr, 2024 01:47pm

South Asia

Reclusive Taliban leader makes rare appearance on Eid: govt

KABUL: The Taliban’s hyper-reclusive supreme leader made a rare public appearance Wednesday, an Afghan government...

Published 10 Apr, 2024 01:44pm

Stocks

Hong Kong stocks end with more gains

HONG KONG: Hong Kong stocks rallied Wednesday on the back of a surge in tech giants including Alibaba and Tencent,...

Published 10 Apr, 2024 01:42pm

Forex

New Zealand dollar pops higher as RBNZ holds the line

SYDNEY: The New Zealand dollar climbed to a three-week high on Wednesday as its central bank reiterated policy needs...

Published 10 Apr, 2024 01:28pm

Commodities

Wheat under pressure on supply outlook; corn, soybeans climb

SINGAPORE: Chicago wheat edged lower on Wednesday, falling for a third straight session, weighed down by...

Published 10 Apr, 2024 01:25pm

Bullion Rate

Gold near record high as inflation risk lifts safe-haven appeal

Gold prices held steady on Wednesday near a record peak hit in the previous session, as a favourable mix of emerging...

Published 10 Apr, 2024 01:16pm

Forex

Indian rupee gains on likely dollar inflows, uptick in Asian peers

MUMBAI: The Indian rupee strengthened on Wednesday, buoyed by strength in its Asian peers and likely dollar inflows,...

Published 10 Apr, 2024 01:11pm

Mutual Funds

Cooling Treasury yields nudge Indian bond yields lower

MUMBAI: Indian government bond yields inched lower in early trading on Wednesday as US yields retreated, with focus...

Published 10 Apr, 2024 01:06pm

Stocks

China stocks down pressured by real estate; HK shares up

SHANGHAI: China stocks fell on Wednesday, dragged by real estate shares, while rating agency Fitch revised its...

Published 10 Apr, 2024 01:01pm

Sports

Bayern Munich draw leaves Arsenal players with mixed feelings

Arsenal’s players were left with a mixed feeling after squandering their lead and requiring a late leveller to...

Published 10 Apr, 2024 12:59pm

Forex

Thai baht subdued ahead of central bank decision; stocks rise

Emerging Asian currencies traded in narrow ranges on Wednesday, with the Thailand baht drifting ahead of a closely...

Published 10 Apr, 2024 12:52pm

Sports

Spain’s Cortes suspended until 2039 over match-fixing

Spanish tennis player Aaron Cortes has been suspended for 15 years over his involvement in match-fixing, the...

Published 10 Apr, 2024 12:50pm

Sports

Novak Djokovic in fine fettle after ‘best performance’ at Monte Carlo

World number one Novak Djokovic said his clinical win over Roman Safiullin was one of his best-ever performances at...

Published 10 Apr, 2024 12:46pm

South Asia

Apple’s India iPhone output hits $14bn, Bloomberg News reports

Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday....

Published 10 Apr, 2024 12:35pm

Stocks

Asian stocks firm, take Fitch’s China downgrade in their stride

SYDNEY: Asian stocks traded higher on Wednesday, unfazed by a rating downgrade to China by Fitch which triggered a...

Published 10 Apr, 2024 12:20pm

Asia

Alibaba’s Jack Ma steps out from the shadows with morale-boosting post

SHANGHAI: Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet...

Published 10 Apr, 2024 12:13pm

Europe

Under fire UK air traffic provider appoints Warren East as chair

LONDON: Britain’s air traffic services provider NATS said Warren East would take over as chairman from Sept. 1,...

Published 10 Apr, 2024 12:04pm

Europe

France to raise 2024 deficit target to 5%-5.1% of GDP

France’s finance ministry will raise its deficit target for 2024 to the equivalent of 5%-5.1% of GDP on Wednesday,...

Published 10 Apr, 2024 11:58am

Middle East

Iran’s Khamenei says Israel ‘must be punished’ for Syria embassy attack

Iran’s supreme leader, Ayatollah Ali Khamenei, said on Wednesday that Israel “must be punished and it shall be” for...

Published 10 Apr, 2024 11:54am

USA

Joe Biden says Netanyahu’s approach to war in Gaza is a ‘mistake’

WASHINGTON: Israeli Prime Minister Benjamin Netanyahu’s approach to the war in Gaza is a “mistake,” US President Joe...

Published 10 Apr, 2024 11:46am

Stocks

India’s blue-chips set to open higher; US inflation in focus

BENGALURU: India’s benchmark share indexes were seen opening higher on Wednesday amid continued expectations of a...

Published 10 Apr, 2024 11:30am

Stocks

Australian shares rise on mining and healthcare boost; US CPI data, RBNZ in focus

Australian shares rose on Wednesday, driven by gains in mining and healthcare stocks, as market participants awaited...

Published 10 Apr, 2024 11:28am

Stocks

Japan’s Nikkei slips on caution ahead of US inflation data

TOKYO: Japan’s Nikkei share average fell on Wednesday, as investors locked in profits after recent gains, while...

Published 10 Apr, 2024 11:25am

Forex

Dollar firm ahead of US CPI release; yen to face crucial test

TOKYO: The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained...

Published 10 Apr, 2024 11:23am

Dividends payable to US firm: SC helps settle row over rebate against supertax

ISLAMABAD: The Supreme Court of Pakistan has settled the controversy regarding the rebate available against supertax...

Updated 10 Apr, 2024 09:49am

Steel melters send ‘SOS’ to Discos, FBR

LAHORE: The Pakistan Steel Melters Association has sent a SOS signal to DISCOs and FBR as documented steel melters...

Updated 10 Apr, 2024 09:49am

Dar appointed leader of House in Senate

ISLAMABAD: Ishaq Dar, who is also holding the portfolio of foreign minister, was ‘handpicked’ on Tuesday as leader...

Updated 10 Apr, 2024 09:29am

Eid-ul-Fitr today

ISLAMABAD: The Central Ruet-e-Hilal Committee Chairman, Maulana Syed Muhammad Abdul Khabir Azad on Tuesday announced...

Updated 10 Apr, 2024 09:19am

BR’s refresher: your morning briefing for the day

Important updates from April 9, 2024

Published 10 Apr, 2024 09:12am

Iran views Israeli presence in UAE as threat

DUBAI: The commander of Iran’s Revolutionary Guard’s navy said on Tuesday that Israel’s presence in the United Arab...

Updated 10 Apr, 2024 08:58am

Opinion

Rising temperatures, rising urgency

Climate change, characterized by significant and long-term alterations in temperature, precipitation, and wind...

Updated 10 Apr, 2024 03:04am

Opinion

Managing cotton crop during drought conditions

According to a United Nations report, Pakistan is among 22 countries worldwide experiencing an emergency drought...

Updated 10 Apr, 2024 03:04am

Opinion

The iTFA challenge

The World Health Organisation has set a consumption limit for industrial Trans Fatty Acids (iTFA) at less than one...

Updated 10 Apr, 2024 03:02am

World

China, Russia say to strengthen cooperation in Lavrov’s visit

BEIJING: China and Russia said Tuesday they would strengthen strategic cooperation as Moscow’s top diplomat met...