Trends - US Commerce Department

US Commerce Department

US trade gap grows in February to highest level since April 2023

WASHINGTON: The US trade deficit expanded in February by more than analysts expected to reach its highest level ...

Published 05 Apr, 2024 04:50am

Markets

Oil slides 1% as weaker IEA demand outlook offsets rate cut hopes

LONDON: Oil fell by about 1% on Friday as slowing demand forecast by the International Energy Agency (IEA) offset...

Updated 16 Feb, 2024 07:13pm

World

US, China commerce ministers pledge to further talks in 2024

SAN FRANCISCO: The United States and China plan further talks on commercial issues next year, the US Commerce...

Published 17 Nov, 2023 10:51pm

Markets

Gulf bourses mixed ahead of US economic data

DUBAI: Stock markets in the Gulf ended mixed on Tuesday ahead of US economic data expected to offer clues to the ...

Published 25 Oct, 2023 06:19am

Markets

Most Gulf markets gain ahead of US economic data

Most major stock markets in the Gulf rose in early trade on Tuesday ahead of economic data expected to offer clues...

Published 24 Oct, 2023 02:05pm

Business & Finance

US holiday sales set for slowest year since 2018 as consumers turn frugal

Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report...

Published 13 Sep, 2023 10:32am

Technology

White House calls in tech firms to talk AI risks

WASHINGTON: The White House plans to meet with top executives from Google, Microsoft, OpenAI and Anthropic on...

Published 03 May, 2023 12:25pm

Business & Finance

Dollar pares gains, Fed meeting in focus

NEW YORK: The dollar pared gains on Tuesday after data showed that US job openings fell in March while factory ...

Published 03 May, 2023 06:35am

Business & Finance

US seeks to prevent China from benefiting from $52bn chips funding

WASHINGTON: The US Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor...

Published 21 Mar, 2023 07:13pm

Markets

Dollar eases as investors price out ‘Armageddon recession’ risk

LONDON: The dollar stalled on Thursday as investors scooped up higher-risk currencies after a run of strong US...

Updated 16 Feb, 2023 03:37pm

Business & Finance

Dollar edges down as traders look to central banks

NEW YORK: The dollar edged down against the euro on Wednesday in subdued trading as investors were hesitant to make...

Published 26 Jan, 2023 05:58am

Business & Finance

Fed’s preferred inflation gauge eases while spending stalls

WASHINGTON: A key indicator of US inflation edged down in November, according to government data released Friday, in...

Published 24 Dec, 2022 05:50am

Business & Finance

US economy grows for first time this year in third quarter

WASHINGTON: The US economy rebounded in the third quarter, government data showed Thursday, in welcome news for...

Published 28 Oct, 2022 05:58am

Markets

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am

World

South Korea’s Yoon asks Biden to resolve concerns over EV subsidy rules

SEOUL: South Korean President Yoon Suk-yeol asked US President Joe Biden to help address Seoul’s concerns that new...

Published 22 Sep, 2022 11:21am

World

US adds cargo planes operated by Iranian airlines flying to Russia

WASHINGTON: The US Commerce Department on Monday said it will add 3 Boeing 747 airplanes operated by Iranian ...

Published 20 Sep, 2022 05:51am

World

US adds Iran cargo planes flying to Russia to export violation list

WASHINGTON: The US Commerce Department on Monday said it will add three Iranian cargo planes serving Russia to a ...

Published 20 Sep, 2022 12:08am

Technology

US signs deal with Google to develop chips for researchers

WASHINGTON: The US Commerce Department said it reached a cooperative research and development agreement with Google...

Published 13 Sep, 2022 09:18pm

US teetering on brink of recession as GDP contracts in 2Q

WASHINGTON: The US economy unexpectedly contracted in the second quarter, with consumer spending growing at its...

Published 29 Jul, 2022 06:14am

Opinion

Wuxi Biologics takes step to getting off US ‘unverified’ trade list

Wuxi Biologics, a Chinese company that makes ingredients for AstraZeneca’s COVID-19 vaccine, may be a step closer...

Published 06 Jul, 2022 05:35am

Business & Finance

US, S Korea sign pact on supply chains, economic ties

US delegation is accompanying President Joe Biden on a five-day trip to Korea and Japan

Updated 22 May, 2022 10:41am

Markets

Hong Kong shares end lower

SHANGHAI: Hong Kong shares closed lower on Tuesday, as uncertainty about the impact of the US government’s move to...

Published 09 Feb, 2022 05:46am

World

US lawmakers advance China competition bill

WASHINGTON: US lawmakers voted Friday to greenlight a multibillion-dollar bill aimed at jumpstarting high-tech...

Published 05 Feb, 2022 05:47am

World

US adds more Chinese firms to restricted entity list

WASHINGTON: The US Commerce Department placed export restrictions on several Chinese companies on Thursday for...

Published 17 Dec, 2021 04:30am

Business & Finance

China criticises US for putting Chinese firms on trade blacklist

WASHINGTON: China on Thursday criticized the United States for putting a dozen Chinese companies on its trade...

Published 26 Nov, 2021 05:15am

World

US blacklists Israeli hacking tool vendor NSO Group

WASHINGTON: The US Commerce Department added Israel’s NSO Group and Candiru to its trade blacklist on Wednesday,...

Published 04 Nov, 2021 04:32am

Business & Finance

New US homebuilding jumps sharply in June

WASHINGTON: Construction projects started in the hot US housing market jumped sharply in June, according to...

Published 21 Jul, 2021 01:51am

World

US current account deficit rises to 14-year high in the first quarter

The Commerce Department said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 11.8% to $195.7 billion last quarter.

Published 23 Jun, 2021 07:14pm

World

US wholesale inventories rise solidly in March

Wholesale inventories shot up 4.5% in March from a year earlier. Sales at wholesalers jumped 4.6% after being unchanged in February.
The inventory drawdown subtracted 2.64 percentage points from GDP growth last quarter.

Published 07 May, 2021 08:30pm

World

US factory orders decline in February

The Commerce Department said on Monday that factory orders dropped 0.8% after surging 2.7% in January. Economists polled by Reuters had forecast factory orders slipping 0.5% in February. Orders increased 1.0% on a year-on-year basis.
Unfilled orders at factories increased 0.8% in February after gaining 0.2% in January, suggesting a rebound in demand in the coming months.

Published 05 Apr, 2021 07:40pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.85
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 22	5010.60
Nasdaq / Apr 22	15451.31
Dow Jones / Apr 22	38239.98
India Sensex / Apr 23	73884.02
Tokyo Nikkei / Apr 23	37552.16
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8045.70
Germany DAX 30 / Apr 23	17967.18

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 22	213220
Crude Oil USD/Barrel / Apr 23	82.41
Gold Spot USD/Ounce / Apr 23	2301.86
Cotton US¢/pound / Apr 23	82.37
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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US Commerce Department

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