News Archives for Print - 2023-01-12

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Print - 2023-01-12

Stocks

FTSE 100 surges to over 4-year high; insurance stocks tumble

LONDON: UK’s exporter-heavy FTSE 100 closed higher on Wednesday, buoyed by gains in commodity-linked stocks, while...

Published 12 Jan, 2023 07:13am

Stocks

European shares rise on bets of easing rate hikes

PARIS: European shares advanced on Wednesday, buoyed by hopes of less aggressive interest rate hikes, while insurer...

Published 12 Jan, 2023 07:11am

Stocks

HK stocks hit six-month highs, China lower

HONG KONG: Hong Kong stocks rose to another six-month high on hopes of a strong economic rebound from the COVID-19...

Published 12 Jan, 2023 07:08am

Money & Banking

Dollar, euro rangebound

NEW YORK: The dollar was little changed on Wednesday versus the euro and other major currencies as traders held off...

Published 12 Jan, 2023 07:06am

Commodities

Palm oil hits near three-week closing low

KUALA LUMPUR: Malaysian palm oil futures fell for a second consecutive session on Wednesday to close at their lowest...

Published 12 Jan, 2023 07:03am

Commodities

Gold off 8-month highs as markets brace for data

NEW YORK: Gold prices eased from an eight-month peak on Wednesday as investors positioned themselves ahead of US...

Published 12 Jan, 2023 07:01am

Energy

Oil gains 2pc on optimism over global economy

NEW YORK: Oil prices rose 2 percent to a one-week high on Wednesday as hopes for an improved global economic outlook...

Published 12 Jan, 2023 06:59am

Commodities

Copper rises above $9,000 for first time since June

LONDON: Copper prices rose above $9,000 a tonne on Wednesday for the first time since June on hopes that Chinese...

Published 12 Jan, 2023 06:59am

Stocks

Gulf stocks skid ahead of US inflation data

DUBAI: Gulf stock markets fell on Wednesday, with banking shares taking the biggest hit across the markets, as...

Published 12 Jan, 2023 06:56am

Stocks

Wall St gains with all eyes on key inflation data

NEW YORK: Wall Street’s main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading...

Published 12 Jan, 2023 06:53am

Cotton & Textile

Spot rate of cotton increased again

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Wednesday increased the spot rate by Rs...

Published 12 Jan, 2023 06:51am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 11, 2023)....

Published 12 Jan, 2023 06:49am

Commodities

China extends dumping duties on US distiller grains

SHANGHAI: China’s Commerce Ministry said on Wednesday it will continue to impose anti-dumping and anti-subsidy...

Published 12 Jan, 2023 06:48am

Commodities

Brazil sugar cane crushing

SAO PAULO: Brazil’s centre-south sugarcane crushing totalled 2.63 million tonnes in the second half of December,...

Published 12 Jan, 2023 06:46am

Gated UK property funds are open to further risk

UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout...

Published 12 Jan, 2023 06:26am

Mastering the art of saving and income

Mastering the art of saving is about more than just setting aside a portion of your paycheck. It requires a solid...

Published 12 Jan, 2023 06:20am

Power distribution sector’s performance – I

Circular debt and privatisation of power distribution companies are under active discussion these days in the...

Published 12 Jan, 2023 06:10am

The Weather

KARACHI: The weather report on Wednesday (January 11, 2023) and the forecast for Thursday (January 12, 2023)...