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Bank of America

US economy has 40% chance of being in recession next year: BofA

NEW YORK: BofA Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining...

Updated 17 Jun, 2022 09:48pm

Markets

Brent could push past $150/bbl if Russian oil exports shrink: Bank of America

Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil...

Published 27 May, 2022 04:49pm

Markets

Wall Street slips as bond yields surge, BofA gains on strong earnings

NEW YORK: US stocks fell on Monday as bond yields surged to three-year highs on expectations of an aggressive...

Published 19 Apr, 2022 05:32am

Business & Finance

US Treasury yields jump on tighter Fed policy expectations

NEW YORK: US Treasury yields rose on Friday, with the benchmark 10-year note surging to nearly three-year highs, as...

Published 28 Mar, 2022 05:29am

Markets

Banks weigh on Wall St after new Russia sanctions

NEW YORK: Wall Street’s main indexes headed lower on Monday, with bank stocks leading the drop, after the West hit...

Published 01 Mar, 2022 05:34am

Business & Finance

Sterling rises against euro

LONDON: Sterling rose against the euro but was little changed against the dollar on Monday after Western nations...

Published 01 Mar, 2022 05:34am

Markets

Oil could jump by $20 if Ukraine crisis worsens, says BofA

Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine...

Published 22 Feb, 2022 07:15pm

Markets

S&P 500, Nasdaq edge higher after upbeat earnings reports

The S&P 500 and Nasdaq edged higher in a choppy trading session on Wednesday after quarterly results from a...

Published 20 Jan, 2022 01:23am

Markets

Bank of America profit jumps on M&A boost, loan growth

Bank of America Corp reported a jump in fourth-quarter profit on Wednesday, benefiting from loan growth and a...

Published 19 Jan, 2022 05:38pm

Markets

Wall St falls on tech drag; GS profit miss triggers bank selloff

Wall Street's main indexes fell on Tuesday as Goldman Sachs led declines among banks after posting its quarterly...

Published 18 Jan, 2022 10:31pm

Markets

Bank of America to reduce overdraft fees this spring

NEW YORK: Bank of America, the second-largest US bank, is reducing overdraft fees from $35 to $10 starting in May,...

Published 11 Jan, 2022 08:32pm

Business & Finance

Citigroup to require all US employees to be vaccinated

Citigroup Inc said on Thursday it will require all US employees to be vaccinated against COVID-19 as a condition of...

Updated 29 Oct, 2021 01:27am

Markets

Dollar edges lower after weak US factory production data

NEW YORK: The dollar dipped on Monday after data showed production at US factories fell by the most in seven months...

Published 19 Oct, 2021 01:53am

Business & Finance

Bank of America profit beats on strength across businesses

NEW YORK: Bank of America Corp beat estimates for third-quarter profit on Thursday, boosted by strong growth across...

Published 18 Oct, 2021 04:42am

Markets

Wall Street surges over 1pc on upbeat earnings, tech strength

NEW YORK: Wall Street’s main indexes rallied on Thursday, boosted by technology stocks and strong quarterly ...

Published 15 Oct, 2021 04:08am

Business & Finance

Citigroup posts 48pc jump in profit on reserve release

NEW YORK: Citigroup Inc on Thursday reported a 48% jump in third-quarter profit that comfortably beat market...

Published 15 Oct, 2021 04:08am

Business & Finance

Bank of America cuts China growth forecast under Evergrande shadow

WASHINGTON: Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at ...

Published 22 Sep, 2021 03:48am

Markets

European stocks rebound as miners, autos rise

The pan-European STOXX 600 index gained 0.5% by 0716 GMT. The benchmark broke a three-day winning streak on Tuesday

Updated 07 Jul, 2021 01:51pm

Markets

Brazilian aluminium com

SAO PAULO: Aluminium group Companhia Brasileira de Aluminio has estimated a price range between 14 reais and 18 ...

Published 25 Jun, 2021 04:20am

Markets

Oil rallies on weaker dollar and Iran supply uncertainty

• Pick-up in northern hemisphere travel boosts prices NEW YORK: Oil prices soared on Monday, gaining on a pause ...

Published 22 Jun, 2021 04:46am

Markets

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

Markets

S&P 500, Nasdaq weighed down by inflation worries after upbeat data

The S&P index recorded 30 new 52-week highs and no new low, while the Nasdaq recorded 55 new highs and 21 new lows.

Published 04 Jun, 2021 12:39am

Business & Finance

JX Nippon seeks $1.5bn for UK North Sea oil, gas fields

JX Nippon has hired Bank of America and Kirk Lovegrove as advisers for the sale of the portfolio, which includes stakes in the Andrew, Culzean and Mariner projects where JX Nippon partners with BP, Total and Equinor respectively, the sources said.
Culzean, with its 300 million barrels of reserves, can cover 5% of Britain's gas needs alone, according to Total.

Updated 25 May, 2021 06:26pm

Business & Finance

EU fines banks 371m euros over bond trading cartel

BRUSSELS: The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452...

Updated 21 May, 2021 09:43am

Business & Finance

Bank of America raises US minimum wage to $25 an hour

NEW YORK: Bank of America announced plans to lift its minimum wage to $25 an hour and said Tuesday it is requiring ...

Published 19 May, 2021 06:00am

Opinion

US banks’ bond bonanza driven by extraordinary market conditions

Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary...

Published 22 Apr, 2021 03:55am

Business & Finance

Major banks commit to carbon neutrality by 2050

PARIS: A group of 43 international banks including sector heavyweights have joined a UN-convened pact to reach ...

Updated 22 Apr, 2021 09:46am

Markets

S&P 500, Dow hit record highs on bank earnings boost

S&P 500, Dow set for fourth straight week of gains.
Morgan Stanley wraps up earnings from big banks.
Strong US data boosts economic recovery hopes.
Indexes: Dow up 0.29%, S&P adds 0.07%, Nasdaq off 0.34%.

Published 16 Apr, 2021 07:55pm

Business & Finance

Bank of America to deploy $1 trillion for sustainable finance by 2030

The initiative will help the bank's push for a greener economy through lending, capital raising, advisory and investment services to help low-carbon and other sustainable businesses, Bank of America said.
In February, Bank of America said it would target net-zero greenhouse gas emissions before 2050.

Published 08 Apr, 2021 08:46pm

Markets

Wall Street week ahead: Investors look to utilities to weather any market rout

NEW YORK: Investors looking for ways to protect themselves from a potential market downturn and rising inflation ...

Published 29 Mar, 2021 06:05am

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Jun 28 Premier Insurance Limited(PINL)	4.34 ▲ 0.59 (15.73%)
Nazir Cotton Mills / Jun 28 Nazir Cotton Mills Limited(NCML)	5.59 ▲ 0.57 (11.35%)
Pak Gen.Ins. / Jun 28 The Pakistan General Insurance Co. Ltd.(PKGI)	9.98 ▲ 1.00 (11.14%)
K-Electric Ltd. / Jun 28 K-Electric Limited(KEL)	3.12 ▲ 0.26 (9.09%)
P.I.A.C.(A) / Jun 28 Pakistan International Airlines Corp(PIAA)	3.63 ▲ 0.29 (8.68%)
Sec. Inv. Bank / Jun 28 Security Investment Bank Limited(SIBL)	5.95 ▲ 0.45 (8.18%)
Bankislami Pak. / Jun 28 BankIslami Pakistan Limited(BIPL)	11.73 ▲ 0.86 (7.91%)
786 Invest Ltd / Jun 28 786 Investments Limited(786)	5.38 ▲ 0.39 (7.82%)
Leather Up Ltd. / Jun 28 Leather Up Limited(LEUL)	13.35 ▲ 0.95 (7.66%)
JS Bank Ltd / Jun 28 JS Bank Limited(JSBL)	4.00 ▲ 0.28 (7.53%)

Stock	Price
Oilboy Engergy (R) / Jun 28 Oilboy Engergy Limited (R)(OBOYR1)	0.65 ▲ -0.52 (-44.44%)
Jubilee Spinning / Jun 28 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.20 ▲ -0.85 (-20.99%)
Kohinoor Power / Jun 28 Kohinoor Power Company Limited(KOHP)	3.41 ▲ -0.52 (-13.23%)
Power Cem(Pref) / Jun 28 Power Cement (Pref)(POWERPS)	6.51 ▲ -0.99 (-13.20%)
Sitara Energy / Jun 28 Sitara Energy Limited(SEL)	9.10 ▲ -1.00 (-9.90%)
Elite Cap.Mod / Jun 28 First Elite Capital Modaraba(FECM)	3.17 ▲ -0.33 (-9.43%)
First IBL Mod. / Jun 28 First IBL Modaraba(FIBLM)	4.10 ▲ -0.40 (-8.89%)
Tri-Star Power / Jun 28 Tri-Star Power Limited(TSPL)	3.45 ▲ -0.33 (-8.73%)
Quetta Textile / Jun 28 Quetta Textile Mills Limited(QUET)	7.39 ▲ -0.61 (-7.63%)
Metro Steel / Jun 28 Metropolitan Steel Corporation Limited(MSCL)	23.11 ▲ -1.87 (-7.49%)

Stock	Volume
K-Electric Ltd. / Jun 28 K-Electric Limited(KEL)	29,612,000 ▼ 0.00
Treet Corp / Jun 28 Treet Corporation Limited(TREET)	19,925,500 ▼ 0.00
Pak Refinery / Jun 28 Pakistan Refinery Limited(PRL)	11,634,090 ▼ 0.00
TPL Properties / Jun 28 TPL Properties Limited(TPLP)	11,504,099 ▼ 0.00
Cnergyico PK / Jun 28 Cnergyico PK Limited(CNERGY)	11,010,799 ▼ 0.00
WorldCall Telecom / Jun 28 Worldcall Telecom Limited(WTL)	8,949,000 ▼ 0.00
Maple Leaf / Jun 28 Maple Leaf Cement Factory Limited(MLCF)	7,027,769 ▼ 0.00
Telecard Limited / Jun 28 Telecard Limited(TELE)	6,298,000 ▼ 0.00
Oilboy Engergy (R) / Jun 28 Oilboy Engergy Limited (R)(OBOYR1)	6,064,000 ▼ 0.00
Unity Foods Ltd / Jun 28 Unity Foods Limited(UNITY)	5,746,295 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 24	207.70
USD PKR Interbank Buying / Jun 24	207.50
USD to Japanese Yen / Jun 24	135.23
USD to Swiss Franc / Jun 24	0.96
Pound Sterling to USD / Jun 24	1.23
Euro to USD / Jun 24	1.06
UK LIBOR % / Jun 24	1.57

Stock	Volume
S&P 500 / Jun 24	3911.74
India Sensex / Jun 24	52727.98
Tokyo Nikkei / Jun 24	26491.97
Nasdaq / Jun 24	11607.62
Hang Seng / Jun 24	21719.06
FTSE 100 / Jun 24	7208.81
Dow Jones / Jun 24	31500.68
Germany DAX 30 / Jun 24	13118.13
France CAC40 / Jun 24	6073.35

Item	Value
Crude Oil USD/Barrel / Jun 24	107.62
Karachi Cotton PKR/37.32 KG / Jun 24	21180.00
Gold 10 Grams PKR / Jun 24	122300.00
Gold Spot USD/Ounce / Jun 24	1826.88
Cotton US¢/pound / Jun 24	98.05

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