Asian markets down again as traders eye more monetary tightening HONG KONG: Stock markets resumed their downward trend Wednesday, with traders fearing the Federal Reserve’s... Published 31 Aug, 2022 10:17am
BR Research GSKCH in 1HCY22 GlaxoSmithKline Consumer Healthcare Pakistan Limited (PSX: GSKCH) recently announced its financial performance for... Published 31 Aug, 2022 08:40am
Opinion Escaping the jaws of stagflation Amid elevated levels of inflation, the war in Ukraine, and rising interest rates, global economic growth is expected... Published 31 Aug, 2022 06:27am
Life & Style Energy price hikes could force UK pubs to shut LONDON: British pubs could be forced to close because of massive increases in energy prices, leading industry ... Published 30 Aug, 2022 01:17pm
Business & Finance Country facing a number of crises: expert KARACHI: There are a number of crises confronting the country right now, including those of energy sector, economy,... Published 29 Aug, 2022 06:23am
Opinion Egypt dims lights to boost foreign reserves An economic crisis spurred by the Ukraine war is casting darkness upon Egypt’s streets, as the government dims... Published 29 Aug, 2022 05:44am
Pakistan Electricity bills and taxes: Farmers continue protest against rising inflation ISLAMABAD: Farmers continued their sit-in for the second consecutive day to press the government for the fulfilment... Published 27 Aug, 2022 07:14am
World Taming inflation will inflict ‘pain’ on Americans: Fed JACKSON HOLE, Wyo: Americans are headed for a painful period of slow economic growth and possibly rising joblessness... Published 27 Aug, 2022 05:49am
Pakistan 'Repercussions of $4bn': flash floods create havoc as Pakistan's economy remains under stress Report by brokerage house says while too early to accurately quantify, preliminary estimates suggest repercussions may include more than $4 billion Economy to be affected by lower agriculture production, slowdown in exports, higher inflation and imports Updated 26 Aug, 2022 06:35pm
Business & Finance Economic outlook marred by uncertainties: MoF ISLAMABAD: The Finance Ministry has said that Pakistan’s economic outlook is surrounded by global and domestic... Published 26 Aug, 2022 05:35am
Pakistan Recent floods to adversely affect Kharif crops, warns Pakistan's finance ministry In its 'Monthly Economic Update & Outlook for August', Economic Adviser’s Wing says assessment of damages is in progress by provinces Updated 25 Aug, 2022 07:11pm
Markets ECB’s Lagarde: climate change has clear impact on inflation BERLIN: The European Central Bank needs to take climate change into account when making decisions as it has a clear... Published 25 Aug, 2022 11:53am
Business & Finance South Africa’s consumer inflation quickens to 7.8% y/y in July JOHANNESBURG: South Africa’s headline consumer inflation quickened to 7.8% year on year in July from 7.4% in June,... Published 24 Aug, 2022 01:10pm
Editorials A nimble MPS? EDITORIAL: The Monetary Policy Statement (MPS) announced on 22 August 2022, as expected, kept the policy rate... Published 24 Aug, 2022 05:08am
Business & Finance Dollar higher on risk aversion; euro revisits parity NEW YORK: The US dollar rose across the board on Monday, briefly driving the euro back below parity, as investors... Published 23 Aug, 2022 05:56am
Print Policy rate kept unchanged at 15pc: MPC sees headline inflation surging to its peak in Q1 KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to maintain the policy... Updated 23 Aug, 2022 09:21am
Business & Finance UK inflation to hit 18% in early 2023, Citi forecasts LONDON: British consumer price inflation is set to peak at 18% - nine times the Bank of England’s target - in early... Published 22 Aug, 2022 03:12pm
Pakistan Monetary policy: SBP keeps key interest rate unchanged at 15% Monetary Policy Committee says with recent inflation developments in line with expectations, domestic demand beginning to moderate and the external position showing some improvement, it felt it was prudent to take a pause at this stage Updated 22 Aug, 2022 05:10pm
World Ukraine war pulls rug out from under world economy rebound PARIS: This year was supposed to confirm the world economy’s comeback from the Covid pandemic crisis. Instead, the... Published 22 Aug, 2022 09:37am
Business & Finance Walmart results top estimates as inflation alters consumer behavior NEW YORK: Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing... Published 22 Aug, 2022 07:38am
Business & Finance US 10-year note flirts with 3pc yield after German inflation scare NEW YORK: US Treasury yields rose on Friday with the benchmark 10-year note nearly hitting 3% after Germany reported... Published 22 Aug, 2022 06:33am
Opinion UK slips towards recession, heaping pressure on next PM to help Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,... Published 21 Aug, 2022 05:16am
Opinion Oil prices fall but inflation stays high Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it... Published 20 Aug, 2022 03:41am
BR Research Remittances slip Growth in remittances has been phenomenal. However, remittance in July 2022 saw a dip of almost 8 percent... Published 19 Aug, 2022 08:54am
Business & Finance In UK, workers strike as inflation crushes earnings LONDON: Railway and postal staff, dockers too. Britain’s workers are striking in vast numbers as decades-high... Published 18 Aug, 2022 12:25pm
Markets Hong Kong stocks end with big losses HONG KONG: Hong Kong shares closed deep in negative territory Thursday, in line with a sell-off across world markets... Updated 18 Aug, 2022 01:55pm
Business & Finance UK inflation hits double digits, highest since 1982 LONDON: British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual... Published 17 Aug, 2022 11:40am
Business & Finance India’s July WPI inflation eases to 13.93% y/y NEW DELHI: India’s wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food... Published 16 Aug, 2022 12:49pm
Markets Indian shares rise, NSE index at over four-month high BENGALURU: Indian shares traded higher on Tuesday, with the NSE Nifty 50 index trading above 17,800 for the first... Published 16 Aug, 2022 10:43am
Business & Finance Saudi inflation rises to 2.7% in July on higher food prices DUBAI: Saudi Arabia’s consumer price index rose 2.7% in July from a year earlier, government data showed on Monday,... Published 15 Aug, 2022 01:30pm