Bitcoin slumps to two-week low on technical trading, market jitters

LONDON: Bitcoin extended losses on Thursday after suffering its worst day for a month on Wednesday, with traders citing factors ranging from technical trading to...

Wall Street rises after strong retail sales data, Walmart earnings

US stocks rose in choppy trading on Thursday, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy...

Global stocks hurt by China’s trade threats, falling bond yields

LONDON: China's threat to impose countermeasures in retaliation for the latest US tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a...

Alibaba results beat estimates on cloud, e-commerce growth

SHANGHAI: China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses. The beats...

Barclays ends partnership with cryptocurrency exchange Coinbase: sources

LONDON: Barclays is no longer providing banking services to major cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started...

Four banks fined Rs186m over non-compliance of AML laws

ISLAMABAD: The State bank of Pakistan, for the first time in its history, has imposed Rs186 million fine on four banks owing to non-implementation of...

Stock market takes a hammering again, index sheds 308 points

KARACHI: Continuing with the declining trend, the Pakistan Stock Exchange (PSX) ended the last session ahead of holidays also in the red. The indices, which opened...

Amid political noise, KSE-100 drops below 30,000 mark 

KARACHI: Shortly after the commencement of the session on Thursday, the worst fears of Pakistan Stock Exchange (PSX) investors became a reality when the KSE-100...

Half-Year Results: MCB Bank posts 14pc growth in profit before tax

The bank maintains industry's highest quarterly payout of Rs4 per share The Board of Directors of MCB Bank Limited met under the chairmanship...

Stocks continue to bleed as KSE-100 drops 723 points

KARACHI: The Pakistan Stock Exchange (PSX) bled for yet another session, as the indices again recorded a fresh 52-week low on Wednesday, causing the...

Stocks lose 180 points on selling pressure

KARACHI: The Pakistan Stock Exchange (PSX) failed to sustain gains on Tuesday and succumbed to selling pressure. Although the bulls managed to overpower the bears for...

Stocks continue to lose ground, index closes 485 points lower

KARACHI: It was just another dull start to the trading week at Pakistan Stock Exchange (PSX) where indices dropped, volumes narrowed and trading remained range-bound. Internal...

Amazon chief Bezos cashes in $1.8bn of share pile

Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in...

Stocks drop 99 points in range-bound trading

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another range-bound trading session on Thursday, as the indices swung in both directions before settling in...

BMW profits dented by electric vehicle investment costs

FRANKFURT: German high-end carmaker BMW on Thursday reported slumping second-quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained...

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Why Sheikh Imranul Haque’s imprisonment should terrify Corporate Pakistan

Sheikh Imranul Haque has been in jail for approximately one month and nobody in the government – not even the serious looking men charged...

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