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Dollar drops, as bitcoin nears $50,000

Benchmark crude contract Brent North Sea held around 13-month highs above $60 on Tuesday thanks to surging demand expectations as economies reopen.

Published 09 Feb, 2021 08:21pm

Markets

Dollar retreats on US recovery doubts; bitcoin tops $47,000 for first time

The Australian dollar gained 0.3% to 77.252 US cents, while its New Zealand peer added 0.4% to 72.47 US cents.

Published 09 Feb, 2021 11:02am

Bitcoin hits record near $45,000 after Tesla investment

LONDON: Bitcoin hit a record-high near $45,000 on Monday after Elon Musk's electric carmaker Tesla invested $1.5...

Published 09 Feb, 2021 04:43am

Markets

Wall Street at record highs on stimulus, vaccine optimism

The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support.

Published 09 Feb, 2021 12:35am

Business & Finance

Musk's Tesla electrifies bitcoin with $1.5bn bet, car payments pledge

I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move.
In late January, Musk changed the bio of his Twitter account, which has 46 million followers, to include #bitcoin.

Updated 09 Feb, 2021 04:01am

Business & Finance

Tesla electrifies bitcoin with $1.5bn bet, car payments pledge

A well-known supporter of bitcoin, Chief Executive Officer Elon Musk has been weighing in regularly over the past week to a frenzy in retail investment.
I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move.

Published 08 Feb, 2021 07:50pm

Business & Finance

Bitcoin hits record near $45,000 after Tesla investment

The cryptocurrency is up by around 50 percent since the start of the year.

Published 08 Feb, 2021 07:49pm

Business & Finance

Electric carmaker Tesla invests $1.5bn in bitcoin

Tesla will also "begin accepting bitcoin as a form of payment for our products in the near future," the company added.

Published 08 Feb, 2021 07:22pm

Markets

Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge

Analysts said the move by one of the world’s best-known companies was liable to prove a game changer for bitcoin.
Musk said a week ago that bitcoin was “on the verge” of being more widely accepted among investors and in December asked if it was possible to do large transactions in the currency.

Updated 08 Feb, 2021 07:33pm

Markets

Bitcoin jumps 10pc to record high on Tesla investment news

The news sent Bitcoin soaring as high as $43,625 as of 1300 GMT. The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added a "#bitcoin" tag on his Twitter profile page, which drove bitcoin higher on the day.

Updated 08 Feb, 2021 06:40pm

Markets

Digital coins could dull Macau's bling

In December, the local gaming regulator was quick to deny a Bloomberg report that they would trial China's electronic currency at casinos.

Published 03 Feb, 2021 12:16pm

Technology

Elon Musk says bitcoin "on the verge" of being more widely accepted

The comments followed his use of the “#bitcoin” tag on his Twitter profile on Friday, which pushed the crytocurrency up 14%.
“I am a supporter of bitcoin,” says Musk.

Published 01 Feb, 2021 07:16pm

Business & Finance

India proposes law to ban cryptocurrencies, create official digital currency

MUMBAI: India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework...

Updated 01 Feb, 2021 09:06am

Markets

India proposes law to ban cryptocurrencies, create official digital currency

The law will "create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI)."
The RBI had in April 2018 ordered financial institutions to break off all ties with individuals or businesses dealing in virtual currency such as bitcoin within three months.

Published 30 Jan, 2021 05:55pm

Markets

Head of world’s largest Hedge Fund calls Bitcoin ‘one hell of an invention’

On the issues pertaining to Bitcoin and digital currencies as a whole, Dalio pointed out “to one holding digital/cyber assets at a time when cyber offense is much more powerful than cyber defense, the cyber risk is a risk that I can’t ignore.”

Published 30 Jan, 2021 12:33pm

Business & Finance

Bitcoin to online petwear: ‘Papa Musk’ lures investors

LONDON: A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in the cryptocurrency on ...

Published 30 Jan, 2021 03:55am

Business & Finance

Early trade in New York: Dollar, yen dip on month-end rebalancing

NEW YORK: The dollar dropped on Friday while the Japanese yen sank to its lowest since mid-November as investors...

Published 30 Jan, 2021 03:55am

Business & Finance

Bitcoin soars 11% after Elon Musk name check on Twitter

Musk wrote simply "#bitcoin" in his biography on the social media site.

Published 29 Jan, 2021 02:45pm

Business & Finance

Early trade in New York: Dollar rises as investors back away from riskier currencies

NEW YORK: The dollar rose on Wednesday as investors turned more cautious on riskier assets amid growing worries ...

Published 28 Jan, 2021 04:40am

Markets

Dollar rises as investors back away from riskier currencies

Dollar Index at highest since Jan. 18.
Bitcoin slips below $30,000.

Published 27 Jan, 2021 09:08pm

Business & Finance

Bitcoin, crypto inflows hit record last week

NEW YORK: Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few...

Published 27 Jan, 2021 04:59am

Business & Finance

Global chip shortage hits China’s bitcoin mining sector

SHANGHAI/HONG KONG: A global chip shortage is choking the production of machines used to “mine” bitcoin, a ...

Published 25 Jan, 2021 04:23am

Business & Finance

BlackRock to add bitcoin as eligible investment to two funds

NEW YORK: BlackRock Inc, the world’s largest asset manager, is adding bitcoin futures as an eligible investment to...

Published 25 Jan, 2021 04:23am

Business & Finance

Bitcoin extends slide, heads for worst week since March 2020

Still, some said the pullback comes with the territory for an asset that is some 700% above the 2020 low of $3,850 hit in March.

Published 22 Jan, 2021 10:38am

Business & Finance

Bitcoin slumps 10pc

LONDON: Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing...

Published 22 Jan, 2021 04:47am

Business & Finance

Bitcoin slumps 10% as pullback from record high gathers pace

Joseph Edwards of cryptocurrency broker Enigma Securities said these comments had a substantial impact.

Published 21 Jan, 2021 07:15pm

Business & Finance

Euro sinks in Europe

LONDON: The euro struggled to join a broader risk rally against the dollar on Wednesday as analysts said the risk of...

Published 21 Jan, 2021 04:23am

Markets

Bitcoin, US tech stocks seen as biggest market bubbles

According to nearly 90% of respondents in Deutsche Bank's monthly money-manager study.
The cryptocoin hit a record high $40,000 earlier this month, having rallied more than 900% since a low in March and having only just breached $20,000 in mid-December.

Published 19 Jan, 2021 07:11pm

Business & Finance

Bitcoin overtakes "long tech" as most crowded trade

The expectation of higher bond yields was at or close to all-time highs.

Published 19 Jan, 2021 02:15pm

Opinion

Amazing Bitcoin surge: questions answered

BITCOIN @ $36445; it’s mind boggling. I am still not sure why Bitcoin assets are skyrocketing. A more than 300%...

Published 19 Jan, 2021 04:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
FTSE 100 / Apr 30	8144.13
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Petrol/Litre / May 1	288.49
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Diesel/Litre / May 1	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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