Financial

ECB's Schnabel wants bond-buying green tilt

Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change.
"Another possibility would be to pursue a more sophisticated 'tilting strategy' under which the ECB could adjust its monetary policy operations more gradually in line with sustainability considerations," Schnabel said.

Published 14 Jun, 2021 07:26pm

Financial

Bitcoin rises 9.8% to $39,035

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy.

Published 14 Jun, 2021 01:11pm

Financial

BOJ may extend pandemic-aid schemes to support fragile recovery

Japan's economy shrank an annualised 3.9% in the first quarter and is seen making only a modest rebound, if any, in the current quarter after an extension of coronavirus emergency curbs for Tokyo and other major areas.

Published 14 Jun, 2021 12:54pm

Financial

Tesla to accept bitcoin again when greener

"This is inaccurate," he said. "Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.

Updated 14 Jun, 2021 11:41am

Financial

More US finance giants tiptoe into cryptoassets

The chief executives of Wells Fargo, Citigroup and Bank of America said at a congressional hearing in late May that they are approaching the cryptocurrency landscape with caution.

Published 13 Jun, 2021 11:07am

Financial

US Fed expected to stand its ground despite rising inflation

But the recent surge in inflation in the world's largest economy is ramping up the pressure on policymakers to begin to pull back on stimulus programs.

Published 13 Jun, 2021 11:05am

Financial

Bears bail out as 10-year Treasuries eye best week in a year

Ten-year yield hits 3-month low, investors rush to cover shorts.
Ten-year yield down nearly 13bps this week, steepest fall in 1yr.
2s/10s spread hits narrowest since Feb.

Published 11 Jun, 2021 08:05pm

Financial

Bitcoin proves double-edged sword for criminals

"Following the money remains one of the most basic, yet powerful, tools we have," US Deputy Attorney General Lisa Monaco said on Monday.

Published 09 Jun, 2021 11:04am

Financial

Euro zone bond yields fall to early May lows ahead of ECB

Germany's 10-year Bund yield, which is closely correlated with Treasuries, fell nearly 3 basis points to -0.234%, the lowest since May 7, falling below lows hit after Friday's US jobs data.
The deal came as a test for euro zone rates before the ECB meeting, ING said.

Published 08 Jun, 2021 09:14pm

Financial

Yield curve flatter after small business confidence slips

The benchmark 10-year yield was down 4 basis points at 1.5297% in morning trading. It reached as low as 1.513%, its lowest since May 7.

Published 08 Jun, 2021 08:15pm

Financial

Bank of England launches climate stress test for banks and insurers

Protesters have urged banks like HSBC and Barclays to stop financing fossil fuels.

Published 08 Jun, 2021 03:45pm

Financial

Reserve Bank of India keeps rates at record low as virus lashes economy

The central bank has slashed the repo rate by a total of 115 basis points (bps) since March 2020 to soften the blow from the pandemic.

Published 04 Jun, 2021 10:28am

Financial

Corporate tax deal tops agenda at G7 finance meet

Britain, which later hosts the COP26 UN climate summit in November, also wants the G7 to embrace a green recovery.

Published 04 Jun, 2021 10:08am

Financial

Canadian dollar drops by most in 6 weeks as greenback rallies

The U.S. dollar rose against a basket of major currencies as data showed U.S. private-sector employment rising more than expected in May.

Updated 04 Jun, 2021 01:38am

Financial

Yields rise as market awaits May jobs report

The Treasury Department announced auctions next week for $58 billion of three-year notes, $38 billion of 10-year notes, and $24 billion of 30-year bonds.

Published 04 Jun, 2021 12:59am

Financial

Cryptocurrency firms not meeting anti-money laundering rules, UK regulator says

While standards are widely seen to have improved, global regulators and policymakers have in recent months voiced concerns over the illicit use of crypto.

Published 03 Jun, 2021 12:36pm

Financial

Dubai developer Emaar hires banks for dollar sukuk sale

The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500 million via sukuk.
The 10-year sukuk issued in 2019 at a rate of 3.875% traded at 101.3 cents on the dollar on Wednesday.

Published 02 Jun, 2021 07:35pm

Financial

France keeps 2021 bond issuance steady despite higher deficit

It said it would keep debt issuance steady even though government is to submit a revised budget bill to parliament later on Wednesday that foresees a deficit of 220 billion euros, compared with the 173 billion expected previously.

Published 02 Jun, 2021 07:12pm

Financial

G7 finance talks to seek corporate tax deal

Zucman calculates that a 25 percent rate would collect an extra 170 billion euros ($208 billion) this year -- or half of Europe's total current corporate tax revenue.

Published 02 Jun, 2021 10:48am

Financial

IMF, World Bank prioritize vaccine access to end pandemic

But observers are pressing the institutions to do more, faster.

Published 02 Jun, 2021 10:42am

Financial

Lebanon crisis among world's worst since 1850s: World Bank

"The increasingly dire socio-economic conditions risk systemic national failings with regional and potentially global effects," the World Bank said.

Published 01 Jun, 2021 12:10pm

Financial

Euro zone bond yields rise with German inflation

Though yields started the week higher, they stayed far below recent highs, as expectations of a dovish tone from the European Central Bank at its June 10 meeting continued to drive the market.
Inflation has been bond investors' key focus this year, driven higher by pent-up demand and supply constraints as economies re-open, and whether it will be transitory as central bankers argue.

Published 31 May, 2021 07:04pm

Financial

Indonesia central bank expects rupiah trading at 14,200-14,600 this year

Warjiyo also repeated that the central bank's policy will be geared towards supporting an economic recovery and that interest rates will be kept low until there is an early sign of rising inflation.

Published 31 May, 2021 02:17pm

Financial

Spain's March current account deficit at 0.16bn euros

In February the deficit was 1.71 billion euros, according to the central bank.

Published 31 May, 2021 02:01pm

Financial

ECB's Visco says ECB will counter any unjustified rise in interest rates

The change would be "clearer and would reinforce the anchoring of medium and long-term inflation expectations," he said.

Published 31 May, 2021 01:53pm

Financial

U.S. yields fall on month-end impact; investors shrug off inflation rise

Barclays estimates that its duration index extends out 0.13 years, versus the long run average of 0.09 years, according to Rupert, which means asset managers need to buy Treasuries to hit that index.

Published 28 May, 2021 10:12pm

Financial

Morgan Stanley nears full ownership of China ventures with stake buys

The Wall Street bank will now own 85% of the funds business.

Published 28 May, 2021 02:16pm

Financial

Romania aims to sell domestic debt worth 5.13bn lei in June

The ministry sold a less than planned 2.95 billion lei worth of debt in May, as an above-target annual inflation forecast put pressure on yields and three of eight tenders failed.

Published 28 May, 2021 05:27pm

Financial

Australia presses WTO barley case against China

At least 13 Australian sectors have been subjected to Chinese tariffs or some form of disruption, including beef, coal, copper, cotton, lobsters, sugar, timber, tourism, universities, wine, wheat and wool.

Published 28 May, 2021 12:43pm

Financial

Credit Suisse scandals prompt Switzerland to think unthinkable

Dominik Gross, of the Swiss Alliance of Development Organisations, predicted that Swiss lawmakers would be reluctant to change.

Published 28 May, 2021 11:21am

Gainers
Losers
Leaders

Stock	Price
Jahangir Siddiqui (R) / Jun 14 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	6.01 ▲ 1.00 (19.96%)
Crescent Textile (R) / Jun 14 Crescent Textile Mills Ltd.(R)(CRTMR2)	6.76 ▲ 1.00 (17.36%)
Al-Mali / Jun 14 Modaraba Al-Mali(MODAM)	8.99 ▲ 0.98 (12.23%)
A. Shah Ghazi / Jun 14 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	9.51 ▲ 1.00 (11.75%)
Universal Ins. / Jun 14 The Universal Insurance Company Limited(UVIC)	6.11 ▲ 0.58 (10.49%)
Ashfaq Textile / Jun 14 Ashfaq Textile Mills Limited(ASHT)	11.00 ▲ 1.00 (10.00%)
Byco Petr. / Jun 14 Byco Petroleum Pakistan Limited(BYCO)	12.83 ▲ 1.00 (8.45%)
Int. Ind. / Jun 14 International Industries Limited(INIL)	227.68 ▲ 15.88 (7.50%)
Int. Steel / Jun 14 International Steels Limited(ISL)	98.35 ▲ 6.86 (7.50%)
Khairpur / Jun 14 Khairpur Sugar Mills Limited(KPUS)	49.45 ▲ 3.45 (7.50%)

Stock	Price
Tri-Star Power / Jun 14 Tri-Star Power Limited(TSPL)	6.30 ▲ -0.61 (-8.83%)
Shadman Cotton / Jun 14 Shadman Cotton Mills Limited(SHCM)	30.26 ▲ -2.45 (-7.49%)
Landmark Sp. / Jun 14 Landmark Spinning Industries Limited(LMSM)	26.14 ▲ -2.11 (-7.47%)
Agritech / Jun 14 Agritech Limited(AGL)	6.71 ▲ -0.53 (-7.32%)
Frontier Cer. / Jun 14 Frontier Ceramics Limited(FRCL)	35.21 ▲ -2.74 (-7.22%)
Bilal Fibres / Jun 14 Bilal Fibres Limited(BILF)	3.65 ▲ -0.25 (-6.41%)
HBL Inv.Fund / Jun 14 HBL Investment Fund(HIFA)	3.00 ▲ -0.20 (-6.25%)
Shahtaj Sug. / Jun 14 Shahtaj Sugar Mills Limited(SHJS)	58.20 ▲ -3.75 (-6.05%)
First Pak Modaraba / Jun 14 First Pak Modaraba(PAKMI)	2.81 ▲ -0.18 (-6.02%)
Colony Textile / Jun 14 Colony Textile Mills Limited(CTM)	6.55 ▲ -0.41 (-5.89%)

Stock	Volume
Byco Petr. / Jun 14 Byco Petroleum Pakistan Limited(BYCO)	108,461,000 ▼ 0.00
Hum Network / Jun 14 Hum Network Limited(HUMNL)	108,053,000 ▼ 0.00
Worldcall / Jun 14 Worldcall Telecom Limited(WTL)	97,886,000 ▼ 0.00
Aisha Steel / Jun 14 Aisha Steel Mills Limited(ASL)	40,490,000 ▼ 0.00
Agritech / Jun 14 Agritech Limited(AGL)	38,947,000 ▼ 0.00
Pakistan Refinery / Jun 14 Pakistan Refinery Limited(PRL)	38,684,500 ▼ 0.00
Pak Petroleum / Jun 14 Pakistan Petroleum Limited(PPL)	32,554,179 ▼ 0.00
Hascol Petroleum / Jun 14 Hascol Petroleum Limited(HASCOL)	30,033,280 ▼ 0.00
K-Electric Ltd / Jun 14 K-Electric Limited(KEL)	28,725,000 ▼ 0.00
Ghani Global Hold. / Jun 14 Ghani Global Holdings Limited(GGL)	28,496,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	155.85
USD PKR Interbank Buying / Jun 11	155.75
USD to Japanese Yen / Jun 11	109.66
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.41
Euro to USD / Jun 11	1.21
UK LIBOR % / Jun 11	0.06

Stock	Volume
S&P 500 / Jun 11	4247.44
India Sensex / Jun 11	52474.76
Tokyo Nikkei / Jun 11	28948.73
Nasdaq / Jun 11	14069.43
Hang Seng / Jun 11	28842.13
FTSE 100 / Jun 11	7134.06
Dow Jones / Jun 11	34479.60
Germany DAX 30 / Jun 11	15693.27
France CAC40 / Jun 11	6600.66

Item	Value
Crude Oil / Jun 11	70.91
Karachi Cotton Assoc. / Jun 11	12300.00
Gold 10 Grams / Jun 11	89163.00
Gold Spot / Jun 11	1879.60
Cotton / Jun 11	87.92

Financial

ECB's Schnabel wants bond-buying green tilt

Bitcoin rises 9.8% to $39,035

BOJ may extend pandemic-aid schemes to support fragile recovery

Tesla to accept bitcoin again when greener

More US finance giants tiptoe into cryptoassets

US Fed expected to stand its ground despite rising inflation

Bears bail out as 10-year Treasuries eye best week in a year

Bitcoin proves double-edged sword for criminals

Euro zone bond yields fall to early May lows ahead of ECB

Yield curve flatter after small business confidence slips

Bank of England launches climate stress test for banks and insurers

Reserve Bank of India keeps rates at record low as virus lashes economy

Corporate tax deal tops agenda at G7 finance meet

Canadian dollar drops by most in 6 weeks as greenback rallies

Yields rise as market awaits May jobs report

Cryptocurrency firms not meeting anti-money laundering rules, UK regulator says

Dubai developer Emaar hires banks for dollar sukuk sale

France keeps 2021 bond issuance steady despite higher deficit

G7 finance talks to seek corporate tax deal

IMF, World Bank prioritize vaccine access to end pandemic

Lebanon crisis among world's worst since 1850s: World Bank

Euro zone bond yields rise with German inflation

Indonesia central bank expects rupiah trading at 14,200-14,600 this year

Spain's March current account deficit at 0.16bn euros

ECB's Visco says ECB will counter any unjustified rise in interest rates

U.S. yields fall on month-end impact; investors shrug off inflation rise

Morgan Stanley nears full ownership of China ventures with stake buys

Romania aims to sell domestic debt worth 5.13bn lei in June

Australia presses WTO barley case against China

Credit Suisse scandals prompt Switzerland to think unthinkable

Most Popular Articles

Pakistan eyes to enter $90bn gaming industry with upcoming program

Chughtai Lab and Pfizer Partner to establish Vaccination Centers across Pakistan

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

MPCL enters into JV Agreement for Potential Mining Projects in Balochistan

Pakistan’s First Ever Motorsports Arena to be Build in KPK

PM vows to provide full support to textile industry amid historic demand