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interest rates

Blackstone to buy Home Partners of America in $6bn deal

The US housing sector has become red hot, boosted by a strong economic recovery, ultra-low interest rates and continued demand for bigger homes from people working remotely due to the pandemic.
The fundamental premise of the Home Partners platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it.

Published 22 Jun, 2021 07:06pm

Business & Finance

India MPC needs to be watchful on inflation even as it picks growth: minutes

To maintain and enhance this credibility, the MPC needs to remain data driven so that it can respond rapidly and adequately to any unforeseen shocks that may arise in future.
The wholesale price inflation rate rose 12.94%, its highest in at least two decades.

Published 18 Jun, 2021 06:20pm

Markets

Stocks climb looking ahead to Fed meet

London investors brushed off the expected announcement Monday from the UK government that it will delay the lifting of its remaining lockdown restrictions.

Published 14 Jun, 2021 03:44pm

Business & Finance

ECB keeps to stimulus course despite stronger economy

FRANKFURT: The European Central Bank kept its vast pandemic-era stimulus in place Thursday, even as the economic...

Published 11 Jun, 2021 03:41am

Markets

Stocks struggle as traders jostle before US inflation, ECB

"The tight trading ranges seen so far this month reflect the cautious mood in the market ahead of the inflation numbers," said Fiona Cincotta of City Index.

Published 09 Jun, 2021 05:03pm

Markets

Stocks drift awaiting key events

Wall Street opened mixed, with the Dow moving marginally lower.

Published 08 Jun, 2021 07:02pm

Business & Finance

'Increased interest rates in other countries may reduce remittances'

KARACHI: Chairman of National Business Group Pakistan and president Pakistan Businessmen and Intellectuals Forum,...

Published 01 Jun, 2021 04:59am

Business & Finance

Kiwi dollar up, yuan climbs in Europe

LONDON: The New Zealand dollar was up more than 1% on Wednesday, holding on to gains after the central bank hinted ...

Published 27 May, 2021 03:40am

Business & Finance

Kenya central bank holds rates for eighth time in a row

The decision is the eighth consecutive hold by policymakers and it was in line with the consensus forecast in a Reuters poll of nine economists and market participants.
The rate of inflation stood at 5.8% in April, well within the government's preferred band of 2.5%-7.5%.

Published 26 May, 2021 08:26pm

Business & Finance

Early trade in New York: Dollar falls; yuan rally gets noticed

NEW YORK: The dollar hit 4-1/2 month lows against major peers on Tuesday, as markets seemed to accept US Federal...

Published 26 May, 2021 03:45am

Business & Finance

Hungary central bank leaves rates steady, as expected

Base rate 0.6%, O/N depo rate -0.05%.
Decision in line with expectations.
Bank could raise base rate at June meeting.
Hawkish turn a "game-changer" –analyst.

Published 25 May, 2021 05:29pm

Business & Finance

Romania's central bank holds interest rates

Analysts polled by Reuters earlier this month expected policymakers to hold fire on interest rates throughout 2021, although a majority see higher borrowing costs at the end of next year.

Published 12 May, 2021 06:27pm

Business & Finance

Czech central bank: will return to rate hike debate in June, some increase this year certain

Rusnok told a news conference he would not speculate on how many hikes would come but said the bank did not need to wait long before it starts to take the main repo rate to more standard levels from the current 0.25%.

Published 06 May, 2021 08:22pm

Fed stays the course, nods to ‘strengthened’ US recovery

WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...

Published 29 Apr, 2021 03:52am

Business & Finance

Goldman sees commodities rallying over next six months on strong demand

The bank now sees Brent prices rising to $80 a barrel and US West Texas Intermediate (WTI) prices to $77 a barrel over the six month period.
The bank sees gold prices at $2,000 an ounce over the next six months and said it is too early for Bitcoin to compete with gold for safe haven demand, adding that the two can co-exist.

Published 28 Apr, 2021 09:14pm

Business & Finance

Asia-focused HSBC profits double as bank reverses credit losses

"The economic outlook has improved, although uncertainties remain," he said.

Published 27 Apr, 2021 04:04pm

Business & Finance

Early trade in New York: Dollar drops to three-week lows

NEW YORK: The US dollar fell to three-week lows on Tuesday after data showed inflation making strong gains in March,...

Published 14 Apr, 2021 03:21am

Business & Finance

Governments can now benefit from very low interest rates, ECB's Visco says

"There is demand for very long term debt and not enough supply," Visco, a member of the European Central Bank governing council, told CNN when asked about Italy's latest 50-year BTP bond. On Thursday, the Italian Treasury said foreign investors subscribed 88% of the new bond.

Published 13 Apr, 2021 08:32pm

Business & Finance

China factory gate price jump raises global inflation concern

BEIJING: Chinese factory prices hit a more than two-year high in March, data showed Friday, highlighting the...

Published 10 Apr, 2021 04:34am

World

Turkey's Erdogan 'determined' to see lower interest rates

Erdogan said: "God willing, we will reduce interest rates to single digits and then further lower this number. We are determined."

Published 07 Apr, 2021 04:39pm

Business & Finance

Australia central bank cautions about housing boom as rates held at record lows

RBA leaves cash rate at 0.1%.
Reiterates commitment to keep policy lower for longer.
Strikes a cautious note on housing market as prices skyrocket.
Bank to release Financial Stability Review on Friday.

Published 06 Apr, 2021 12:55pm

Business & Finance

Brazil inflation leaps, producer prices climb

BRASILIA: Producer prices in Brazil rose in February at their fastest rate since comparable records began seven ...

Published 31 Mar, 2021 05:42am

Markets

South African central bank keeps repo rate at 3.5pc

Policy makers in Brazil, Russia and Turkey delivering cumulative rate increases 300 basis points last week.

Updated 26 Mar, 2021 12:05am

Business & Finance

Czech central bank holds rates steady as hike clues awaited

All analysts in a Reuters poll this week forecast the main two-week repo rate to stay at 0.25%, where the central bank has kept it since last May following a series of cuts when the coronavirus pandemic started.
The central European country has been one of the worst-hit by the latest waves of the pandemic and the central bank has warned of risks to longer-than-expected restrictions on retail and restaurants.

Published 24 Mar, 2021 06:42pm

Business & Finance

Turkey could resurrect past defences of battered currency

'Soft' controls expected after sacking of central bank head.
Analysts see possible Albayrak-era currency interventions.
Swap limits and capital controls are options.
Foreign debts are high, central bank's currency buffer low.

Updated 22 Mar, 2021 06:30pm

Business & Finance

Egypt's central bank keeps key interest rates on hold

The bank's monetary policy committee held the overnight lending rate at 9.25% and the overnight deposit rate at 8.25% for a third consecutive time, after cutting rates in September and November.
"Meanwhile, international prices for oil, food and other commodities have surged to post-pandemic highs, with the level of uncertainty increasing regarding their future price trajectories," the bank said.

Published 18 Mar, 2021 10:01pm

Business & Finance

Czech rate setters bide time before hitting start on rate hikes

"I still perceive greater risk that we start a premature tightening of monetary policy," board member Tomas Holub told daily Hospodarske Noviny in an interview released on Tuesday.
"For me, that is a greater risk than if we 'sleep in' a little versus what may perhaps seem as optimal looking back a year later."

Updated 16 Mar, 2021 10:02pm

Business & Finance

Czech central banker Holub: rate rise may come in H2; bigger risk to act early than late

"I still perceive greater risk that we start a premature tightening of monetary policy," he said.
"For me that is a greater risk than if we 'sleep in' a little versus what may perhaps seem as optimal looking back a year later. We can catch up in such a situation if needed."

Updated 16 Mar, 2021 10:02pm

Rs51bn increase in consumer car financing seen

KARACHI: The consumer car financing has witnessed a significant rise of Rs51 billion amid attractive interest rates...

Updated 12 Mar, 2021 10:06am

Markets

Turkish lira claws back some losses after two-week slide

In the previous session it hit 7.7840, the weakest since Dec. 17, and has tumbled for more than two weeks.

Published 09 Mar, 2021 12:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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