Wall Street falls as Walmart warning rattles retail stocks NEW YORK: US stock indexes fell on Tuesday after Walmart’s profit warning heightened fears in the retail sector... Published 27 Jul, 2022 05:23am
Markets Most Gulf bourses retreat on economic slowdown fears DUBAI: Major stock markets in the Gulf ended lower on Monday, as signs of an economic slowdown ahead of a US Federal... Published 26 Jul, 2022 04:31am
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
Opinion Shehbaz-led narrative needs a revisit Pakistani public today faces a host of economic difficulties that can be laid at the doorstep of those who governed... Published 25 Jul, 2022 06:12am
Business & Finance Steel maker SSAB profit hits record, but outlook uncertain STOCKHOLM: Swedish steel maker SSAB (SSABa.ST) reported a bigger-than-expected jump in quarterly earnings on Friday... Published 25 Jul, 2022 06:12am
Business & Finance Philippine bakeries shrink ‘poor man’s bread’ as inflation bites MANILA: As the war in Ukraine pushes up wheat prices and a weaker peso raises the cost of imported edible oil, many... Published 24 Jul, 2022 11:20am
Print ‘Falling forex reserves, growing political instability detrimental to economy’ ISLAMABAD: Pakistan’s economy faces serious challenges due to fast decreasing foreign exchange reserves and... Updated 24 Jul, 2022 02:57pm
Print Country’s financing needs fully met for this year: SBP SBP acting governor says ‘unwarranted’ market concerns will dissipate in weeks ‘Pakistan responded to external pressures faster than Sri Lanka’ Terms IMF programme an ‘important anchor’ for Pakistan Updated 24 Jul, 2022 09:03am
World France’s hung parliament passes 20-bn-euro inflation package PARIS: France’s divided parliament on Friday passed its first major piece of legislation since elections last... Published 23 Jul, 2022 04:10am
Opinion A reality check on country’s fiscal status The whole of the past week witnessed massive hammering of rupee (PKR) vis-à-vis the US dollar in the currency... Published 23 Jul, 2022 04:10am
Business & Finance Inflation revised up: ADB sees ‘slight’ recovery in GDP growth Bank notes inflation in Pakistan is highest after Sri Lanka in region. Updated 22 Jul, 2022 12:37pm
World Russia will ‘consider’ Hungary’s request for more gas: Lavrov MOSCOW: Moscow will “consider” Budapest’s request for more gas this year, Russian Foreign Minister Sergei... Published 22 Jul, 2022 06:07am
Business & Finance Euro rises vs dollar after ECB hikes faster than flagged NEW YORK: The euro jumped against the US dollar before paring gains in a choppy session on Thursday, after the... Published 22 Jul, 2022 06:07am
Business & Finance Weak pound hits two-week low vs euro after oversized ECB hike LONDON: The British pound hit a two-week low against the euro on Thursday after a larger-than-expected rate hike ... Published 22 Jul, 2022 06:07am
Markets Copper retreats on stubborn recession fears as ECB raises rates LONDON: Copper slipped on Thursday as the European Central Bank raised interest rates by more than expected,... Published 22 Jul, 2022 06:07am
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
Pakistan In Twitter thread, economist Atif Mian highlights Pakistan's economic woes Says Pakistan stands out in how poorly its median citizen fares on basic needs such as education and health, even when compared to countries with similar income per capita Published 21 Jul, 2022 11:35pm
Pakistan Khurram Dastgir confident inflation will slow down from September Says rupee will stabilise after friendly countries disburse financial aid Stresses that Pakistan has enough reserves to cover 2 months for diesel, and 34 days for petrol Updated 21 Jul, 2022 05:02pm
BR Research Telenor: at a loss? In a sign that the telecommunications sector is under increasing distress amid the ongoing macroeconomic crisis and... Updated 21 Jul, 2022 09:53am
Markets Most Gulf markets extend rebound, Qatar outperforms DUBAI: Stock markets in the Gulf ended higher on Wednesday as recession fears ebbed, extending a rebound from the... Published 21 Jul, 2022 05:40am
Markets Nasdaq boosted by growth stocks after Netflix’s upbeat forecast NEW YORK: The Nasdaq gained nearly 2% on Wednesday after a positive forecast from Netflix added to largely upbeat... Published 21 Jul, 2022 05:40am
Markets Defensives drag down UK’s benchmark index, inflation surges LONDON: UK’s top share index reversed early gains and fell on Wednesday, dragged lower by a weakness in defensive... Published 21 Jul, 2022 05:40am
Print Weighed mainly by global commodity prices: SBP sees FY23 most challenging for economy Official says Pakistan’s import bill and political instability are main reasons for depreciation of the rupee Updated 21 Jul, 2022 11:24am
Business & Finance Sterling shrugs off UK inflation surge LONDON: Sterling steadied against the US dollar and euro on Wednesday after data showed British inflation climbed to... Published 21 Jul, 2022 05:40am
Business & Finance Australia, NZ dollars buoyed as markets ramp up rate expectations SYDNEY: The Australian and New Zealand dollars were looking to rally for a fourth straight session on Wednesday ... Published 21 Jul, 2022 05:40am
Opinion Banks’ snubbing of junk-rated loan funds worsens financing logjam A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies... Published 20 Jul, 2022 05:48am
Markets Wall Street powers ahead with earnings in full swing NEW YORK: Wall Street’s main indexes rose on Tuesday as the earnings season moves beyond big banks, with investors... Published 20 Jul, 2022 05:48am
Business & Finance Turkey’s lira tumbles to weakest since December 2021 ISTANBUL: The Turkish lira weakened to 17.579 against the dollar on Tuesday, as the strong US unit and concerns over... Published 20 Jul, 2022 05:48am
Pakistan Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme Renewed political volatility could undermine authorities' fiscal and external adjustment, it says Updated 19 Jul, 2022 03:34pm
World New UK finance minister to promise to control inflation LONDON: New UK Finance Minister Nadhim Zahawi on Tuesday will outline his plans to control inflation and “seize the... Published 19 Jul, 2022 10:20am