News Archives for Latest - 2024-11-22

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Archive - 2024-11-22

Energy

Oil prices climb 1% to two-week high as Ukraine war intensifies

Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the...

Updated 23 Nov, 2024 12:35am

Europe

Putin says will carry out more Oreshnik missile tests in combat

MOSCOW: Russian President Vladimir Putin said Friday that Moscow would carry out more tests of the hypersonic...

Published 22 Nov, 2024 11:13pm

Europe

UK govt says would comply with ‘legal obligations’ related to ICC

LONDON: The British government indicated on Friday that Israeli Prime Minister Benjamin Netanyahu could be arrested...

Published 22 Nov, 2024 11:06pm

Pakistan

PM Shehbaz vows strict action against those ‘sabotaging’ Pak-Saudi relations

PTI says Bushra Bibi's remarks blown out of proportion

Updated 22 Nov, 2024 11:07pm

Pakistan

Seven terrorists killed in separate operations in KP, Balochistan: ISPR

At least seven terrorists were killed in separate operations conducted by the security forces in Balochistan and...

Updated 22 Nov, 2024 11:04pm

Energy

Consortium withdraws bid to acquire majority stake in Engro Powergen Qadirpur

A consortium comprising textile companies has withdrawn its public announcement of intention (PAI) to acquire a...

Updated 22 Nov, 2024 11:02pm

Life & Style

Jewels classed ‘national treasure’ snatched in French heist

LYON: Armed robbers snatched jewels worth millions from a work by famed Parisian goldsmith Joseph Chaumet and...

Published 22 Nov, 2024 11:00pm

World

Rocket fire wounds four UN peacekeepers in Lebanon

ROME: Four UN peacekeepers from Italy were wounded by rocket fire in Lebanon Friday, Rome and the UN force said,...

Published 22 Nov, 2024 10:51pm

Companies

Honda Atlas Cars’ profit-after-tax down 62% YoY in Jul-Sep

Despite an increase in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) declined...

Updated 22 Nov, 2024 10:50pm

Technology

$25bn IT export target: PM presented comprehensive plan

Prime Minister Shehbaz Sharif was presented with a comprehensive plan to boost Pakistan’s IT exports to $25 billion...

Updated 22 Nov, 2024 10:50pm

USA

Trump granted permission to seek dismissal of hush money case

NEW YORK: A New York judge on Friday granted Donald Trump permission to seek dismissal of his hush money criminal...

Updated 22 Nov, 2024 10:47pm

Pakistan

PM Shehbaz forms 11-member committee to alleviate PPP’s concerns

Prime Minister Shehbaz Sharif on Friday constituted an 11-member committee to engage with the Pakistan Peoples Party...

Published 22 Nov, 2024 10:45pm

South Asia

Adani Group could find funding harder after US indictment as banks review credit

Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire...

Published 22 Nov, 2024 09:55pm

South Asia

Adani’s US woes put TotalEnergies on the spot

LONDON: Patrick Pouyanné is used to coping with tricky circumstances in emerging markets. The TotalEnergies CEO was...

Published 22 Nov, 2024 09:49pm

Stocks

Banking sector saves the day as profit-taking erases intra-day gains, KSE-100 closes below 98,000

Index had earlier hit a high of 99,623.03 during trading

Updated 22 Nov, 2024 09:17pm

Stocks

S&P 500, Dow touch over one-week highs after business activity data

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while...

Published 22 Nov, 2024 09:10pm

Exchange

Rupee records marginal gain against US dollar

Currency settles at 277.76 against greenback in inter-bank market

Updated 22 Nov, 2024 09:09pm

Europe

US embassy in London reopens after suspicious ‘hoax’ item found

LONDON: British police said on Friday that a suspicious package left outside the U.S. embassy in London, which was...

Published 22 Nov, 2024 08:12pm

Bullion Rate

Gold price per tola increases Rs2,500 in Pakistan

Gold prices in Pakistan rose on Friday in line with their increase in the international rates. In the local market,...

Updated 22 Nov, 2024 08:08pm

Currency

Bitcoin at record highs, sets sights on $100,000

LONDON: Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a...

Updated 22 Nov, 2024 07:58pm

Nation will crush any attempt to harm Pak-KSA ties, PM Shehbaz says

Published 22 Nov, 2024 07:54pm

Middle East

Israel army says killed five in north Gaza raid

OCCUPIED JERUSALEM: Israel’s military said on Friday it had killed five Hamas fighters, including commanders, in an...

Updated 22 Nov, 2024 07:34pm

South Asia

India court tells smog-hit capital to step up vehicle restrictions

NEW DELHI: India’s top court on Friday ordered authorities in the smog-choked capital New Delhi to establish...

Updated 22 Nov, 2024 07:33pm

‘Attack on friendly country’: Punjab CM Maryam reacts to Bushra Bibi statement

Published 22 Nov, 2024 06:55pm

Europe

Ireland would arrest Netanyahu, says PM

DUBLIN: Benjamin Netanyahu would be detained if he arrives in Ireland, prime minister Simon Harris said on Friday...

Published 22 Nov, 2024 05:37pm

Commodities

Global LNG: Asian spot LNG gains amid colder weather, stronger Europe gas prices

SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose this week to their highest level of the year so far,...

Published 22 Nov, 2024 05:26pm

Europe

Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

THE HAGUE: Ten pro-Palestinian NGOs asked a Dutch court on Friday to stop the Netherlands exporting weapons to...

Published 22 Nov, 2024 05:23pm

Markets

India’s forex reserves see sharpest weekly drop on record, hit over four-month low

MUMBAI: India’s foreign exchange reserves logged their sharpest weekly fall on record to a more-than-four-month low...

Published 22 Nov, 2024 05:14pm

Stocks

Indian shares post best session since early June, snap two-week losing streak

Indian shares posted their best session since early June on Friday, snapping a two-week losing streak, as easing...

Published 22 Nov, 2024 05:06pm

Stocks

Sri Lankan shares end higher as real estate, healthcare gain

CSE All Share index settled 0.56% higher at 13,054.27

Published 22 Nov, 2024 05:03pm

Commodities

Copper, aluminium under pressure from weak euro zone PMI

LONDON: Prices for copper and aluminium fell in London on Friday as data showing a tumble in euro zone business...

Published 22 Nov, 2024 05:01pm

Commodities

Palm oil suffers worst week in 19 months with 8% drop

KUALA LUMPUR: Malaysian palm oil futures closed lower on Friday to log their sharpest weekly fall in more than a...

Published 22 Nov, 2024 04:59pm

Middle East

226 health workers killed in Lebanon since October 7: WHO

GENEVA: Nearly 230 health workers have been killed in Lebanon since the start of Israel’s war in Gaza following the...

Published 22 Nov, 2024 04:55pm

Europe

France says ‘takes note’ of ICC arrest warrants against Israel, Hamas figures

PARIS: France on Friday said it had taken note of the arrest warrants issued by the International Criminal Court for...

Published 22 Nov, 2024 04:51pm

Europe

German position on weapons deliveries to Israel ‘unchanged’ after ICC warrants

BERLIN: The German government’s position on delivering weapons to Israel is “unchanged” after the International...

Published 22 Nov, 2024 04:46pm

Sports

Azhar Ali joins PCB as head of Youth Development

Pakistan Cricket Board (PCB) has appointed former national captain Azhar Ali as the head of its Youth Development...

Published 22 Nov, 2024 04:19pm

Recorder headlines

Published 22 Nov, 2024 04:02pm

Sports

India fight back against Australia as 17 wickets tumble on opening day

PERTH: Australia’s seamers, led by Josh Hazlewood who claimed four wickets, combined to bundle India out for 150 on...

Updated 22 Nov, 2024 03:22pm

Arts

Duct-taped banana artist says his work is a ‘provocation’ on value of art

ROME: The Italian artist who created the banana duct-taped to a wall that sold this week for $6.2 million, said in...

Published 22 Nov, 2024 03:07pm

FBR to depute officials at all sugar mills

Officials to monitor production, sales, and stocks of the commodity during crushing season

Updated 22 Nov, 2024 02:49pm

Business & Finance

Indian banks’ credit risk from Adani exposure seems contained, JPMorgan says

MUMBAI/BENGALURU: Indian banks’ loan exposure to the embattled Adani Group seems “manageable” and any credit risk in...

Published 22 Nov, 2024 02:48pm

PM commends FBR officer for uncovering trillion-rupee GST scam

ISLAMABAD: Prime Minister Shehbaz Sharif praised Ijaz Hussain, a senior official of Federal Board of Revenue (FBR),...

Updated 22 Nov, 2024 02:48pm

PM’s plants conversion claim not accepted: Phasing out gas, FO could save $3bn per year: China

ISLAMABAD: China has reportedly rejected Prime Minister Shehbaz Sharif’s claim that converting imported coal power...

Updated 22 Nov, 2024 02:48pm

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed all cordial formalities of Phase-II review of...

Updated 22 Nov, 2024 02:48pm

Stocks

STOXX 600 opens higher on tech boost, set for weekly gains

Tech shares led gains in Europe on Friday, with the benchmark stock index hitting a one-week high and on track for...

Published 22 Nov, 2024 02:38pm

Companies

Diamond Paints wins two awards at Corporate Philanthropy Awards 2024

Diamond Paints, Pakistan’s leading paint brand, garnered two esteemed accolades at the Corporate Philanthropy Awards...

Published 22 Nov, 2024 02:37pm

Asia

China’s Xi visits Morocco, meets with crown prince

BEIJING: Chinese President Xi Jinping made a short visit to Morocco on Thursday, according to state media from both...

Published 22 Nov, 2024 02:33pm

South Asia

At least 10 killed in Afghanistan attack, interior ministry says

KABUL: At least 10 people were killed by gunmen in Afghanistan’s northern Baghlan province, Interior Ministry...

Published 22 Nov, 2024 01:53pm

Sports

Australia to mark 10-year anniversary of Hughes’ death

MELBOURNE: Cricket stadiums will fly flags at half-mast and players will wear black armbands as Australia marks the...

Published 22 Nov, 2024 12:46pm

Forex

Kenyan shilling stable; central bank dollar sale helps

NAIROBI: The Kenyan shilling was stable on Friday, and traders said that central bank selling dollars earlier this...

Published 22 Nov, 2024 12:42pm

Stocks

South Korean shares post best week for three months on shareholder return pledges

KOSPI closed up 20.61 points, or 0.83%, at 2,501.24

Published 22 Nov, 2024 12:40pm

Europe

PM Orban says he will invite Israeli PM Netanyahu to Hungary after ICC move

BUDAPEST: Prime Minister Viktor Orban said on Friday he would invite Israeli Prime Minister Benjamin Netanyahu to...

Published 22 Nov, 2024 12:37pm

Europe

Russian Defence Minister says Moscow’s troops have accelerated their advance in Ukraine

MOSCOW: Russian Defence Minister Andrei Belousov said in a video released on Friday that Russian forces in Ukraine...

Published 22 Nov, 2024 12:34pm

Forex

South African rand slips as dollar climbs on global markets

JOHANNESBURG: The South African rand slipped slightly in early trade on Friday, as the dollar climbed to a fresh...

Published 22 Nov, 2024 12:29pm

South Asia

Iran to launch ‘advanced centrifuges’ in response to IAEA censure

TEHRAN: Iran said Friday it would launch a series of “new and advanced” centrifuges in response to a resolution...

Published 22 Nov, 2024 12:17pm

Business & Finance

‘Bribe notes’ with per megawatt rates: filings detail Sagar Adani’s role in Indian scandal

A U.S. indictment of top executives of India’s Adani Group has put a spotlight on Sagar Adani, a millennial scion of...

Published 22 Nov, 2024 12:07pm

South Asia

Adani’s Australian coal unit faces human rights complaint

MELBOURNE: India’s Adani Group, whose billionaire chairman has been indicted for fraud by US prosecutors, is facing...

Published 22 Nov, 2024 11:49am

South Asia

How Indian billionaire Gautam Adani’s alleged bribery scheme took off and unravelled

NEW YORK: In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called...

Published 22 Nov, 2024 11:40am

Commodities

Palm set for second weekly drop on weak soybean, demand concerns

KUALA LUMPUR: Malaysian palm oil futures slipped on Friday and were headed for a second week of losses, weighed down...

Published 22 Nov, 2024 11:32am

Sports

Pep Guardiola signs two-year contract extension with Man City

LONDON: Manchester City manager Pep Guardiola has signed a two-year contract extension that will keep him at the...

Published 22 Nov, 2024 11:20am

Sports

McLaren taking nothing for granted with constructors’ championship in sight

LAS VEGAS: McLaren are on the verge of winning the team’s first Formula One constructors’ championship since 1998...

Published 22 Nov, 2024 11:13am

Business & Finance

S&P lowers outlook on three Adani units after US indictment of founder

S&P Global Ratings lowered its outlook on three Adani Group entities to ‘negative’ from ‘stable’ on Friday,...

Published 22 Nov, 2024 11:09am

Stocks

China, Hong Kong stocks drop as disappointing corporate earnings weigh

HONG KONG: China and Hong Kong stocks fell on Friday, as investors remained cautious amid US President-elect Donald...

Published 22 Nov, 2024 11:04am

Mutual Funds

India bond yields seen rising ahead of debt supply

MUMBAI: Indian government bond yields are expected to rise on Friday ahead of a fresh supply of debt through the...

Published 22 Nov, 2024 10:53am

Markets

India rupee hits record low as dollar resumes climb, portfolio outflows persist

MUMBAI: The rupee hit an all-time low on Friday as the dollar’s post-US election rally gathered steam again, while...

Published 22 Nov, 2024 10:51am

Stocks

Indian shares set to open higher; Adani stocks remain in focus

Indian shares are set to open marginally higher on Friday, after slipping to five-month lows in the previous...

Published 22 Nov, 2024 10:46am

Sports

Gukesh Dommaraju: Indian teen with chess world at his finger tips

NEW DELHI: Indian prodigy Gukesh Dommaraju broke new ground to reach the World Chess Championship and the...

Published 22 Nov, 2024 10:43am

USA

Donald Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

US President-elect Donald Trump on Thursday nominated former Florida Attorney General Pam Bondi to be Attorney...

Published 22 Nov, 2024 10:26am

Commodities

Chicago wheat set for 6% weekly rise on Black Sea supply worries

BEIJING: Chicago wheat firmed on Friday, poised for a more than 6% weekly gain, as Russia launched a hypersonic...

Published 22 Nov, 2024 10:21am

Forex

Australia dollar hits 7-week high on euro, 4-month top on kiwi

SYDNEY: The Australian dollar hit a seven-week high on the euro on Friday as the single currency dived amid an...

Published 22 Nov, 2024 10:19am

Stocks

Australian shares rise on mining boost; NZ hits 1-month high

Australian shares rose on Friday after two straight sessions of losses, as index heavyweight miners gained on strong...

Published 22 Nov, 2024 10:15am

Stocks

Japan’s Nikkei rises as chip-related shares track Nvidia higher

TOKYO: Japan’s Nikkei share average rose on Friday after two straight sessions of falls, as chip-related stocks...

Published 22 Nov, 2024 10:13am

Bullion Rate

Gold marches towards best week in a year amid escalating Russia-Ukraine conflict

Gold prices were headed for their best week in a year on Friday, supported by safe-haven demand amid further...

Published 22 Nov, 2024 10:11am

Stocks

Most Asian markets track Wall St gains, bitcoin closes on $100,000

HONG KONG: Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher...

Published 22 Nov, 2024 10:04am

Europe

Russian strikes kill at least 2 in northeast Ukraine

KYIV: Russian strikes killed at least two people in the northeastern Ukrainian city of Sumy, the acting mayor said...

Published 22 Nov, 2024 10:00am

Forex

Dollar hugs 13-month peak as market awaits next Fed cue

TOKYO: The US dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal...

Published 22 Nov, 2024 09:54am

SDGs provide a blueprint for sustainable future: minister

ISLAMABAD: Minister for Industries and Production, Rana Tanveer Hussain, said on Thursday that enormous challenges...

Updated 22 Nov, 2024 09:16am

Pakistan

Sindh urges federal govt to convene CCI meeting

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has called on the federal government to convene a meeting of the...

Updated 22 Nov, 2024 09:13am

All govt procurements: Authorities directed to ensure third-party validation

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed the authorities to ensure third-party validation...

Updated 22 Nov, 2024 09:10am

Unblocking of cellphone SIMs: FBR to share compliant taxpayers’ list with telcos

ISLAMABAD: The Federal Board of Revenue (FBR) will automatically communicate the list of taxpayers who have filed...

Updated 22 Nov, 2024 09:09am

Business & Finance

NA panel commends IMC’s localisation drive

KARACHI: The National Assembly’s Standing Committee on Industries and Production, led by Chairman Syed Hafeezuddin,...

Updated 22 Nov, 2024 09:08am

BR Research

Cars on the cards

A 50 percent increase in volumes should have automobile assemblers writing self-congratulatory notes to themselves,...

Published 22 Nov, 2024 09:06am

BR Research

Karam Ceramics Limited

Karam Ceramics Limited was incorporated in Pakistan as a public limited company in 1979. The company is engaged in...

Published 22 Nov, 2024 08:53am

APPMA opposes approval of Rs68bn write-off claims of KE

ISLAMABAD: All Pakistan Processing Mills Association (APPMA) has strongly opposed approval of Rs 68 billion...

Updated 22 Nov, 2024 08:36am

Pakistan

Kurram convoy ambush claims 40 lives

ISLAMABAD: Authorities said on Thursday that over 40 people were killed including women and children while more than...

Updated 22 Nov, 2024 08:35am

BR’s refresher: your morning briefing for the day

Important updates from November 21, 2024

Published 22 Nov, 2024 08:34am

Opinion

Issues in reaching needed level of climate finance, and fast

The current, widely-practiced model of Neoliberalism, and within it over-board recourse to monetary and fiscal...