Sterling heads for second weekly gain after UK household support plan LONDON: Britain’s pound looked set for a second weekly rise and was close to a one-month high on Friday, helped by a... Published 27 May, 2022 01:33pm
Markets Versus major peers: Dollar sinks to one-month low amid easing Fed rate hike bets TOKYO: The U.S. dollar sank to a one-month low versus major peers on Friday as traders lowered Federal Reserve rate... Updated 27 May, 2022 11:28am
Markets Dollar off 1-month low, kiwi cedes post-rate hike gain LONDON: The US dollar snapped a two-day losing streak on Wednesday as Treasury yields paused recent falls, its gain... Published 25 May, 2022 02:25pm
Opinion Emerging superpower and its bloc of nations! During the Second World War, the US played a very pivotal role in its victory by financing the war efforts of many... Published 25 May, 2022 04:40am
Markets Sterling falls to a more than one-week low versus euro LONDON: Britain’s pound fell to a more than one-week low against a strengthening euro on Tuesday but was little... Published 24 May, 2022 02:26pm
Markets Australian dollars unfazed by new govt, NZ$ looks forward to rate hike SYDNEY: The Australian and New Zealand dollars swung higher on Monday as global stock markets started the week in a... Published 23 May, 2022 10:33am
Markets China’s yuan extends gains as Shanghai gradually reopens SHANGHAI: China’s yuan extended gains against the dollar on Monday following its best week in nearly 1-1/2 years,... Published 23 May, 2022 09:44am
Markets Indonesian rupiah firms as palm oil export ban ends; Asian shares rise Emerging Asian equities and currencies gained after China cut a key lending rate to support the economy, and as the... Published 20 May, 2022 01:57pm
Markets China’s yuan set for best week in a year, snapping six weeks of losses SHANGHAI: China’s yuan eased on Friday but still looked set for its biggest weekly gain in a year, snapping six... Published 20 May, 2022 11:42am
Markets Dollar falls for first week in seven amid US yield retreat TOKYO: The US dollar headed for its worst week since early February against major peers on Friday, weighed down by a... Published 20 May, 2022 09:38am
Markets Oil swings wildly, rebounding to gains after steep losses NEW YORK: Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials... Published 20 May, 2022 06:32am
Markets Gold jumps 1.5pc as dollar, yields retreat NEW YORK: Gold rose over 1.5% on Thursday as a slide in the dollar and Treasury yields burnished bullion’s... Published 20 May, 2022 06:32am
Editorials The woeful rupee slide EDITORIAL: The US dollar has gained in strength in the inter-bank market as well as in the foreign exchange kerb... Published 20 May, 2022 05:42am
Business & Finance Ban on luxury items: Business community doubtful about outcomes KARACHI: The leadership of Businessmen Group (BMG), while referring to FBR’s recommendations to impose ban on... Published 20 May, 2022 05:15am
Markets Euro rises with focus on ECB tightening path, Swiss Franc rises The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the... Published 19 May, 2022 03:28pm
Markets Safe-haven dollar eases after Wednesday’s jump, but risk sentiment remains fragile TOKYO: Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the... Published 19 May, 2022 10:29am
Markets Yuan eases as investment banks cut China’s growth outlook SHANGHAI: The yuan eased against the dollar on Thursday as market sentiment soured after some major global... Published 19 May, 2022 09:34am
Opinion Won’t be long before default is on the table SBP (State Bank of Pakistan) has no choice but to raise the interest rate, most likely by another 100 basis points,... Published 19 May, 2022 05:29am
Opinion Economy: it now is a matter of urgency How ironic it is that the rupee has been falling against the US dollar consistently. According to noted economists,... Published 19 May, 2022 05:29am
Markets China’s yuan softens as data shows foreigners sold bonds in April SHANGHAI: China’s yuan slipped against the dollar on Wednesday, pulling back after notching its biggest daily gain... Published 18 May, 2022 10:26am
Markets Euro and sterling helped by improved market sentiment HONG KONG: Overnight surges left the euro and pound sitting pretty in early Asia helped by good U.K. jobs data and a... Published 18 May, 2022 10:09am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (May 17,... Published 18 May, 2022 05:54am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (May 17, 2022).... Published 18 May, 2022 05:54am
Markets Indian rupee hits record low, market watches for central bank to intervene MUMBAI: The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains... Published 17 May, 2022 11:15am
Markets Dollar knocked from 20-year high; yuan slide pauses SINGAPORE: The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors... Published 17 May, 2022 09:47am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 16,... Published 17 May, 2022 05:39am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (May 16, 2022).... Published 17 May, 2022 05:39am
Business & Finance Dollar slips from 2-decade highs; yuan falls NEW YORK: The US dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy... Published 17 May, 2022 05:39am
Markets Rupee closes at 194.18 against USD, cumulative depreciation in one month hits 6.5% Lack of clarity on economic policy and falling foreign exchange reserves as well as dollar's strength have contributed to currency's decline Updated 16 May, 2022 07:43pm
Markets Turkish lira weakens for 8th day to near 15.6 against dollar ISTANBUL: The Turkish lira slid to near 15.6 against the dollar on Monday, slipping for the eighth consecutive... Updated 16 May, 2022 03:28pm