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May 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US Federal Reserve

Gold prices move up in Asia
Markets

Gold prices move up in Asia

SINGAPORE: Gold prices rose in Asian trade on Thursday as a pullback in the US dollar and Treasury yields lifted...
Published 07 May, 2021 04:35am
European shares down
Markets

European shares down

AMSTERDAM/LONDON: European stocks ended a shade lower on Tuesday as optimism over strong British earnings was offset...
Published 28 Apr, 2021 03:18am
Wells Fargo profit beats estimates as credit costs stabilize
Business & Finance

Wells Fargo profit beats estimates as credit costs stabilize

  • The fourth-largest US lender said profit rose to $4.74 billion, or $1.05 per share, in the three months ended March, from $653 million, or 1 penny per share, a year earlier.
  • Since then, an ultra-loose monetary policy, trillions in stimulus support and an accelerated vaccination program have largely put the world's largest economy on a more solid footing.
Published 14 Apr, 2021 05:13pm
UK appoints former Bank of Canada deputy Wilkins to BoE role
Business & Finance

UK appoints former Bank of Canada deputy Wilkins to BoE role

  • "Carolyn has a respected track record built over 20 years at the Bank of Canada and her extensive experience in international financial regulation will be a real asset to the FPC," British finance minister Rishi Sunak said.
  • The FPC sets capital ratios for British banks and insurers and regulates aspects of mortgage lending, as well as broader financial risks. Its remit does not extend to monetary policy or financial misconduct.
Published 08 Apr, 2021 06:59pm
US Fed to let leverage exemption expire on March 31, will review rule
World

US Fed to let leverage exemption expire on March 31, will review rule

  • Friday's decision means banks will have to resume holding an extra layer of loss-absorbing capital against those assets.
  • On Friday, Fed officials said they were confident that allowing the exemption to expire would not impair Treasury market liquidity or cause market disruption because the Treasury market had stabilized and big banks have high levels of capital.
Published 19 Mar, 2021 06:29pm