Gold rises as Fed slowdown hopes offset firm yields NEW YORK: Gold prices rose on Friday despite an uptick in the dollar and US bond yields as some investors still... Published 12 Dec, 2022 06:07am
Business & Finance US rate hikes could slow 'as soon as' December: Fed chair WASHINGTON: The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome... Published 01 Dec, 2022 12:43am
Markets Rupee largely stable, settles at 223.94 against US dollar Depreciates 0.01% in inter-bank market on Friday Updated 25 Nov, 2022 09:01pm
Business & Finance Dollar extends losses as Fed minutes signal slower rate hikes LONDON: The US dollar extended losses on Thursday after the minutes from the Federal Reserve’s November meeting... Published 25 Nov, 2022 05:48am
Markets Wall Street Week Ahead: Soaring US tech stocks leave some investors doubtful rebound will last NEW YORK: Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though... Published 14 Nov, 2022 05:55am
Markets Yields mixed as soft spots in jobs data spur Fed pivot hopes NEW YORK: Treasury yields were mixed on Friday after government data showed US payrolls increasing more than ... Published 07 Nov, 2022 05:49am
Business & Finance Dollar drops as US nonfarm payrolls show mixed results NEW YORK: The dollar tumbled on Friday after the US nonfarm payrolls report for October showed the world’s largest... Published 07 Nov, 2022 05:48am
Markets Wall St slips as investors await Fed rate decision NEW YORK: Wall Street’s main indexes fell on Wednesday, as data providing further evidence of a strong labor ... Published 03 Nov, 2022 05:50am
Markets Wall Street dips as strong job openings dent Fed pivot hopes NEW YORK: Wall Street’s main indexes fell on Tuesday after data pointing to strength in the labor market dented... Published 02 Nov, 2022 04:37am
Business & Finance Russian rouble reverses early losses MOSCOW: The rouble reversed early losses to strengthen against the dollar on Tuesday, as higher oil prices helped ... Published 02 Nov, 2022 04:37am
Business & Finance Yen falls on dovish BOJ as market awaits Fed decision NEW YORK: The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among ... Published 31 Oct, 2022 05:55am
Business & Finance US yields rise as speculation on Fed easing ebbs NEW YORK: US Treasury yields rose on Friday after data showed underlying inflation pressures remain elevated,... Published 31 Oct, 2022 05:55am
Business & Finance Dollar sags as Fed looks less hawkish NEW YORK: The euro rose back above parity against the dollar for the first time in a month on Wednesday after poor ... Published 27 Oct, 2022 05:54am
Markets S&P 500, Nasdaq rise after five-day selloff, rate-hike fears weigh NEW YORK: The S&P 500 and the Nasdaq bounced on Wednesday after a five-day selloff, but inflation and rate hike... Published 13 Oct, 2022 05:59am
Print Import of bulletproof vehicles: Army top-brass to get duty, tax relief after retirement ISLAMABAD: The Federal Board of Revenue (FBR) has decided to allow the exemption of duties and taxes on the import ... Updated 24 Sep, 2022 12:50pm
Markets Tech, financial stocks drag Wall Street lower as growth concerns mount NEW YORK: Technology and financial stocks pulled Wall Street’s main indexes lower for a third straight session on... Published 23 Sep, 2022 05:50am
Markets Wall Street falls as focus turns on Fed NEW YORK: Wall Street’s main indexes fell on Tuesday as investors positioned themselves for new economic... Published 21 Sep, 2022 05:57am
Markets Saudi snaps 4-day losing streak in broader Gulf rebound DUBAI: Most stock markets in the Gulf rebounded on Tuesday, with the Saudi index snapping a four-day losing streak,... Published 21 Sep, 2022 05:57am
Business & Finance US dollar gains ahead of Fed; Swedish crown falls after hike LONDON/NEW YORK: The dollar rose on Tuesday, trading near a two-decade high, as investors held firm on expectation ... Published 21 Sep, 2022 05:57am
Business & Finance Sterling idles near 37-year low LONDON: The British pound was little changed against the dollar on Tuesday, hovering barely above its lowest level... Published 21 Sep, 2022 05:57am
Markets Gold languishes near 29-month low NEW YORK: Gold prices weakened on Monday, back toward a 29-month low hit on Friday, as the dollar and Treasury ... Published 20 Sep, 2022 05:51am
Business & Finance US yields ease NEW YORK: Treasury yields retreated on Friday after FedEx Corp’s warning of an accelerating global demand slowdown... Published 19 Sep, 2022 05:45am
Markets Wall St slides as economic data backs hawkish Fed NEW YORK: Wall Street’s main indexes fell on Thursday, with technology and growth stocks leading the way as a slew... Published 16 Sep, 2022 06:04am
Business & Finance Dollar edges up vs yen; Swiss franc hits highest vs euro since 2015 NEW YORK: The dollar was slightly higher against the yen on Thursday following data showing US retail sales... Published 16 Sep, 2022 06:04am
Markets Wall St Week Ahead: More worries for US stocks, bonds: Fed ramps up ‘QT’ NEW YORK: As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors worry ... Published 12 Sep, 2022 06:01am
Opinion US Treasury traders switch strategies as liquidity problems worsen Investors in the $23 trillion US Treasury market are slicing up orders and switching to more easily traded issues,... Published 01 Sep, 2022 05:50am
Pakistan PM’s flood relief fund: IT and FED exemption granted to donations ISLAMABAD: The Federal Board of Revenue (FBR) has granted income tax and federal excise duty exemption on any... Published 24 Aug, 2022 05:08am
Business & Finance Dollar slides on contraction in private sector activity LONDON: The dollar pulled back from a fresh two-decade high against the euro on Tuesday after a report showed US... Published 24 Aug, 2022 05:08am
Markets Nasdaq slumps more than 2pc on fears of aggressive Fed NEW YORK: Wall Street’s main indexes tumbled on Monday in a dour start to the week as investors worried about... Published 23 Aug, 2022 05:56am
Markets Wall Street cuts losses following Fed minutes NEW YORK: US stocks sharply pared losses in afternoon trading on Wednesday after minutes from the Federal ... Published 18 Aug, 2022 05:27am