Financial

Cryptoverse: Is the end of the bitcoin winter nigh?

The crypto winter is into its ninth week and bitcoin can't shake the chills. From technicals to turnover, market...

Published 24 May, 2022 12:02pm

Financial

ECB plans end to negative rates era as inflation soars

FRANKFURT: Negative interest rates will soon be a thing of the past in the eurozone, the ECB’s chief signalled...

Updated 23 May, 2022 05:14pm

Financial

BoE’s Pill sees need for further interest rate rises

LONDON: The Bank of England will need to raise interest rates further to combat the risk of self-perpetuating price...

Published 20 May, 2022 01:55pm

Financial

Sri Lanka central bank holds rates; reiterates need for political stability

COLOMBO: Sri Lanka’s central bank held its key interest rates steady on Thursday following a massive 700 basis...

Published 19 May, 2022 12:21pm

Financial

ECB tells banks to buckle up as Ukraine war hits economy

FRANKFURT: The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine...

Published 18 May, 2022 02:46pm

Financial

Caixabank lifts profitability target to more than 12% by 2024

MADRID: Spain’s Caixabank raised on Tuesday its target for return on tangible equity ratio (ROTE) in 2024 to over...

Published 17 May, 2022 10:57am

Financial

Ethiopia, World Bank sign $300mn grant agreement for reconstruction

NAIROBI: Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction...

Published 17 May, 2022 10:55am

Financial

Bitcoin back below $30,000; European regulators renew crypto warnings

HONG KONG: Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, ...

Updated 16 May, 2022 04:08pm

Financial

India’s biggest lender SBI reports 41% rise in Q4 profit

MUMBAI: State Bank of India (SBI) , India’s biggest lender, said on Friday its fourth quarter profit rose 41% to...

Published 13 May, 2022 01:44pm

Financial

Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto

SINGAPORE: Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record...

Published 13 May, 2022 09:55am

Financial

BOJ’s Kuroda says expected rise in inflation will lack sustainability

TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Friday an expected, near-term rise in inflation would lack...

Published 13 May, 2022 09:39am

Financial

Bitcoin's 2021 gains wiped out in stablecoin rout

Bitcoin drops to a low of $25,401.05, its lowest level since Dec. 28, 2020

Published 12 May, 2022 02:50pm

Financial

Thai central bank says baht movement tracking region, ready to act if necessary

BANGKOK: Thailand’s central bank on Thursday said the movement of the baht has had limited impact on inflation and...

Published 12 May, 2022 12:14pm

Financial

ECB to start raising rates gradually this summer

PARIS: The European Central Bank (ECB) will start raising rates gradually this summer, ECB member and Bank of France...

Published 11 May, 2022 12:36pm

Financial

Does the cryptocurrency crash pose a threat to the financial system?

WASHINGTON: On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies...

Updated 11 May, 2022 01:37pm

Financial

BOJ Kuroda calls for more efforts to curb digital currency risks

Bank of Japan Governor Haruhiko Kuroda called on Tuesday for accelerated efforts by global policymakers to curb...

Published 10 May, 2022 01:13pm

Financial

EBRD bank sees worse Ukraine economic downturn in 2022

LONDON: The Ukrainian economy is set to contract by almost one third this year in the wake of Russia’s invasion, the...

Published 10 May, 2022 11:53am

Financial

Bitcoin falls below $30,000, lowest since July 2021

TOKYO: Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking...

Published 10 May, 2022 10:01am

Financial

BOJ official who oversaw policy review promoted as executive director

TOKYO: Seichi Shimizu, who oversaw the Bank of Japan’s 2021 policy review and its monetary easing during the...

Published 09 May, 2022 11:05am

Financial

Bitcoin falls to lowest since January, in line with tumbling stock markets

**HONG KONG: Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt...

Published 09 May, 2022 10:22am

Financial

ECB should raise rates as soon as July: Finland bank chief

BERLIN: Finland’s central bank chief Olli Rehn said Monday the ECB would have to raise its key interest rate as soon...

Published 09 May, 2022 09:36am

Financial

Sri Lanka in talks for $100mn emergency funding from Beijing-backed bank

COLOMBO: The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency...

Published 08 May, 2022 02:49pm

Financial

Zambia finmin says IMF programme needed for orderly debt restructuring

LUSAKA: An orderly debt restructuring process for Zambia will be extremely difficult to achieve without an...

Published 06 May, 2022 01:48pm

Financial

BoE’s Pill says arguments on rate-setting are ‘finely balanced’

LONDON: Bank of England Chief Economist Huw Pill said on Friday that the central bank faced difficult choices about...

Published 06 May, 2022 01:47pm

Financial

ECB to wait for Q2 data before acting on rates

MILAN: It would be imprudent for the European Central Bank to act on rates before seeing economic data for the...

Published 05 May, 2022 12:49pm

Financial

Credit Suisse sees $600mn hit from Bermuda court case

ZURICH: Credit Suisse expects a Bermuda court case to cost the group about $600 million, the Swiss bank said in its...

Published 05 May, 2022 12:34pm

Financial

SocGen boosts income but costs of Ukraine war rise

PARIS: French lender Societe Generale beat first-quarter earnings expectations on Thursday but booked higher...

Published 05 May, 2022 12:18pm

Financial

German yields at multi-year highs, spreads widen ahead of Fed

German 10-year government bond yields remained around multi-year highs on Wednesday while spreads widened ahead of a...

Published 04 May, 2022 09:52pm

Financial

US two-year yields soar to highest since November 2018 ahead of Fed decision

NEW YORK: U.S. Treasury two-year yields rose on Wednesday to their highest in more than three years, ahead of a...

Published 04 May, 2022 08:34pm

Financial

Fed gears up to attack inflation as US recession fears grow

WASHINGTON: The Federal Reserve this week is set to redouble its assault against record US inflation while facing an...

Updated 01 May, 2022 02:01pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 26 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 26 Al-Abbas Sugar Mills Limited(AABS)	270.00 ▼ 0.00 (0.00%)
Agro Allianz / May 26 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 26 Allied Bank Limited(ABL)	75.50 ▼ 0.00 (0.00%)
Abbott Lab. / May 26 Abbott Laboratories (Pakistan) Limited(ABOT)	640.70 ▼ 0.00 (0.00%)
Abson Ind. / May 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 26 Alfalah Consumer Index ETF.(ACIETF)	9.39 ▼ 0.00 (0.00%)
Attock Cement / May 26 Attock Cement Pakistan Limited(ACPL)	81.46 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 26 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 26 Al-Abbas Sugar Mills Limited(AABS)	270.00 ▼ 0.00 (0.00%)
Agro Allianz / May 26 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 26 Allied Bank Limited(ABL)	75.50 ▼ 0.00 (0.00%)
Abbott Lab. / May 26 Abbott Laboratories (Pakistan) Limited(ABOT)	640.70 ▼ 0.00 (0.00%)
Abson Ind. / May 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 26 Alfalah Consumer Index ETF.(ACIETF)	9.39 ▼ 0.00 (0.00%)
Attock Cement / May 26 Attock Cement Pakistan Limited(ACPL)	81.46 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 26	201.80
USD PKR Interbank Buying / May 26	201.30
USD to Japanese Yen / May 26	127.41
USD to Swiss Franc / May 26	0.96
Pound Sterling to USD / May 26	1.26
Euro to USD / May 26	1.07
UK LIBOR % / May 26	0.82

Stock	Volume
S&P 500 / May 26	3978.73
India Sensex / May 26	53749.26
Tokyo Nikkei / May 26	26653.80
Nasdaq / May 26	11434.74
Hang Seng / May 26	19952.81
FTSE 100 / May 26	7522.75
Dow Jones / May 26	32120.28
Germany DAX 30 / May 26	14007.93
France CAC40 / May 26	6298.64

Item	Value
Crude Oil USD/Barrel / May 26	110.44
Karachi Cotton PKR/37.32 KG / May 26	21180.00
Gold 10 Grams PKR / May 26	120700.00
Gold Spot USD/Ounce / May 26	1849.73
Cotton US¢/pound / May 26	122.20

Financial

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