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economic recovery

US 10-yr yield rises to 1.2pc, inflation expectations build

US 10-yr yield rises to 1.2pc, inflation expectations build

  • The $1.9 trillion stimulus package looks likely to be approved by Congress, bypassing Republican roadblocks.
  • Ten-year borrowing costs extended their rise to the highest since last March at 1.2%, while 30-year yields touched 2% for the first time since mid-February 2020 .
Published 08 Feb, 2021 05:54pm
Lively TERF nearing its demise
Print

Lively TERF nearing its demise

KARACHI: In response to COVID-19, State Bank of Pakistan (SBP) announced a Temporarily Economic Refinance Facility...
Updated 04 Feb, 2021 10:03am
Gold range-bound in Asia
Markets

Gold range-bound in Asia

SINGAPORE: Gold traded in a narrow range in Asian trade on Wednesday as market participants awaited the US Federal...
Published 28 Jan, 2021 04:40am
Aussie, kiwi up
Business & Finance

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars resumed their upward march on Thursday as domestic data spoke of...
Published 22 Jan, 2021 04:47am
China stocks up
Markets

China stocks up

BEIJING/SHANGHAI: China stocks closed higher on Wednesday, with electric vehicle and healthcare shares leading the...
Published 21 Jan, 2021 04:23am
China stocks retreat
Markets

China stocks retreat

SHANGHAI: China shares fell on Tuesday as a resurgence of COVID-19 cases hit market sentiment, with consumer...
Published 20 Jan, 2021 04:29am
Pakistan's Prosperity Index reaches all-time high in November 2020: Report
Pakistan

Pakistan's Prosperity Index reaches all-time high in November 2020: Report

  • On Monday, the Policy Research Institute of Market Economy (PRIME) released a report that stated that Pakistan's Prosperity Index continues to follow an upward trend, reaching an all-time high of 116.3 in November 2020.
  • Despite inflationary pressures and the second wave of the COVID-19 pandemic, over a 12-month period improvements in trade volume and output of large-scale manufacturing coupled with a modest increase in private sector lending led to an uptick in economic prosperity.
Updated 19 Jan, 2021 05:36pm
Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy
World

Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy

  • The incoming administration will work with Congress on the quick stimulus package after Biden takes office on Jan. 20.
  • Biden plans to introduce his package during a prime-time address on Thursday evening, underscoring the seriousness of the topic, but he will have to compete for attention with the political drama in Washington.
Published 14 Jan, 2021 05:36pm