Central banks raise rates again as Fed drives global inflation fight FRANKFURT: A host of central banks from across the world raised interest rates again on Thursday, following the U.S.... Published 22 Sep, 2022 06:14pm
Markets Aramco CEO says Europe’s energy crisis plans only short-term solution DUBAI: The head of Saudi state oil giant Aramco said on Tuesday Europe’s plans to cap energy bills for consumers and... Published 20 Sep, 2022 02:22pm
Opinion OPEC+ leaders like $100 oil, won’t necessarily defend it Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price ... Published 17 Sep, 2022 04:27am
World Global economy may avoid recession as inflation risks ease: J.P. Morgan The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said,... Published 13 Sep, 2022 06:29pm
Markets Europe’s STOXX 600 falls PARIS: Europe’s STOXX 600 index fell on Wednesday led by declines in commodity stocks after lacklustre trade data... Published 08 Sep, 2022 05:43am
Markets Oil climbs ahead of OPEC+ meeting NEW YORK: Oil prices rose on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5,... Published 04 Sep, 2022 05:44am
World Floods, other water-related disasters could cost global economy $5.6 trillion by 2050: report LONDON: Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6... Published 29 Aug, 2022 06:57pm
Markets Copper heads for weekly fall LONDON: Copper prices inched higher on Friday but were set to end the week slightly lower as traders balanced hopes... Published 21 Aug, 2022 05:16am
Print OPEC+ agrees tiny output rise in setback for Biden DUBAI/LONDON: OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a... Published 04 Aug, 2022 05:43am
Markets Bangladesh seeking IMF loan but economy not in trouble: finance minister DHAKA: Bangladesh has asked the International Monetary Fund (IMF) to start negotiations for a loan, the finance... Published 27 Jul, 2022 11:33am
World IMF cuts global growth outlook amid US, China slowdowns WASHINGTON: Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its... Published 26 Jul, 2022 06:32pm
Print Fed set for another big rate hike with economy on knife’s edge Central bankers make it clear that they are willing to risk recession Updated 25 Jul, 2022 09:33am
Print Pakistan not among most vulnerable countries: SBP SBP team engaged with global institutions to overcome adversities in international economic environment Updated 25 Jul, 2022 09:55am
Print Global slowdown fears darken as cost of living bites LONDON/TOKYO: The global economy looks increasingly likely to be heading into a serious slowdown, just as central... Published 23 Jul, 2022 04:10am
Print ECB surprises with aggressive rate hike, first since 2011 FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday as concerns about... Published 22 Jul, 2022 06:07am
World IMF chief sees 'exceptionally uncertain' global outlook, deteriorating debt situation NUSA DUA: IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take... Updated 17 Jul, 2022 10:07am
Opinion PARTLY FACETIOUS: The woes of global economy “So the Russian adventure in Ukraine has effectively destabilised the global economy.” “Well yes, in a way ... Published 15 Jul, 2022 06:20am
Markets Wheat futures fall; corn, soyabeans firm CHICAGO: US wheat futures notched their fourth straight day of declines on Thursday, sinking to their lowest in more... Published 15 Jul, 2022 06:20am
Business & Finance JPMorgan suspends buybacks, warns on global economy as profit slumps JPMorgan Chase & Co’s Jamie Dimon struck a cautious note on the global economy as America’s largest bank... Published 14 Jul, 2022 08:30pm
World Hungary parliament panel reiterates opposition to global minimum tax BUDAPEST: Hungary’s parliamentary economic affairs panel on Monday reiterated the ruling Fidesz party’s opposition... Published 11 Jul, 2022 06:17pm
World Indonesia urges G20 to help end war in Ukraine as Russia’s Lavrov looks on NUSA DUA: Indonesia urged the G20 on Friday to help end the war in Ukraine, as foreign ministers from the group met... Published 08 Jul, 2022 11:01am
Markets Iron ore rebounds after sell-off, but recession fears linger MANILA: Dalian iron ore recouped from a selloff in the previous session to rise 5% on Thursday, as the dollar eased,... Published 08 Jul, 2022 05:36am
Business & Finance Global Economy: Factory data dampen global ‘soft landing’ hopes LONDON/TOKYO: Global factory growth stalled in June as higher prices and a darker economic outlook left consumers... Published 01 Jul, 2022 07:18pm
World World Bank’s Reinhart ‘skeptical’ global recession can be avoided MADRID: World Bank chief economist Carmen Reinhart said she is skeptical that the U.S. and global economies can... Published 29 Jun, 2022 06:51pm
Business & Finance Central banks must act quickly on inflation, warns BIS ZURICH: Central banks must not let inflation become entrenched, with the threat of stagflation looming over the... Published 27 Jun, 2022 07:35am
Print G7 aims to raise $600bn to ‘counter’ China’s Belt and Road SCHLOSS ELMAU, (Germany): Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds... Updated 27 Jun, 2022 09:38am
Print Biden urges G7 to stay together as leaders target Russian gold SCHLOSS ELMAU, (Germany): US President Joe Biden told allies “we have to stay together” against Russia on Sunday... Updated 27 Jun, 2022 09:37am
World Biden, G7 leaders to agree on import ban on Russian gold WASHINGTON: US President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as... Published 26 Jun, 2022 05:44am
Opinion Economic colonialism European historians, with their own sense of bias, which on occasions reaches its zenith, to convert into prejudice,... Published 26 Jun, 2022 05:44am
Business & Finance PMPMA supports Miftah’s decisions for economic revival ISLAMABAD: The Pakistan Mobile Phone Manufacturers Association (PMPMA) has fully supported the tough decisions taken... Published 26 Jun, 2022 05:44am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn