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...
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...
Standard Chartered expects lower inflation, no further hike in policy rate
The State Bank of Pakistan (SBP) has delivered broadly in line with the Standard Chartered Bank's expectations so far in the current...
Govt to finally table Geographical Indication Bill in NA
The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced...
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...
Oil deepens slide below $58 on recession fears, US supply
LONDON: Oil fell 3pc to below $58 a barrel on Thursday, extending the previous session’s 3pc drop, pressured by mounting recession concerns and...
Google, Facebook, Amazon to testify in US against French digital tax
WASHINGTON: Alphabet Inc’s Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a US government hearing...
Recession indicator, trade pessimism sink dollar versus yen
NEW YORK: The Japanese yen jumped to a session high against the dollar on Wednesday after the US Treasury bond yield curve inverted...
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...
Facebook listened to users’ conversations: report
SILICON VALLEY: Facebook has paid hundreds of contractors to listen to and transcribe snippets of users’ conversations, US media reported, amid heightened scrutiny...
Signs of hope in trade war as US delays new tariffs on Chinese electronics
BEIJING: US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs...
Shrinking German economy ‘on edge of recession’ as exports stutter
BERLIN: Slumping exports sent Germany’s economy into reverse in the second quarter, with prospects of an early recovery slim as its manufacturers' struggle...
Oil prices fall on weak global economic data
LONDON: Oil prices fell on Wednesday on weak global economic data and a rise in US crude inventories, almost erasing the previous session’s...
Thai airlines’ losses widen on weak tourism, strong baht
BANGKOK: Bangkok Airways and smaller Thai carriers have reported surging second-quarter losses as they reeled from a decline in Chinese tourists and a...
China economy shows new signs of weakness with soft data
BEIJING: China's economy showed further signs of strain in July with output at its factories falling to its lowest level in 17 years,...