World stocks subdued, dollar firm as US job’s bounce fades
LONDON: World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled...
Price of Urea bag likely to be reduced by Rs200
ISLAMABAD:Â As the federal cabinet has reduced 50pc Gas Infrastructure Development Cess (GIDC) for eight sectors, including the fertilizer industry, the prices of...
Pakistan recorded non-resident equity flows of +$14 million in January: IIF
January exhibited a rebound in net non-resident portfolio flows to emerging markets and IIF estimates that EM securities attracted $51.1 billion of foreign capital in January, the highest level in twelve months
Russian oil output down in January, misses global deal target
Rosneft, the world’s largest oil producer by output, reduced its production by 0.1 percent last month from December, while second-largest Russian oil producer Lukoil saw production cuts of 0.8 percent
Goldman Sachs says 1MDB scandal could hit pay for top executives
The U.S. Justice Department has estimated that a total of $4.5 billion was misappropriated by high-level 1MDB fund officials and their associates between 2009 and 2014, including some of the funds that Goldman Sachs helped raise
Asian LNG prices dive to nine-month low on supply surplus
Spot prices for March delivery to Asia this week fell to $7.00 per million British thermal units (mmBtu), down $1 from the previous week, lowest since April 6, trade sources said
Actis pushes for investor vote on Abraaj fund takeover
A move by Actis to take control of Abraaj Private Equity Fund IV had hit a stumbling block as the British firm sought legal protection from any claims surrounding allegations of missing money, three sources close to the matter said earlier
Japan’s Honda Motor Q3 profit plunges 40.2pc, misses estimates
Japan’s third-biggest automaker posted a profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier.
Asian stocks mixed as China-US talks end with no deal
Hong Kong’s Hang Seng index lost 0.2 percent to 27,885.90 while the Shanghai Composite index jumped 0.8 percent to 2,604.57
Oil caught between trade talk hopes, weak China data
Oil futures received support from a broader financial market rally, which saw Asian shares hit four-month highs on Friday on hopes the United States and China could strike a trade deal
Pakistan Cables successfully negotiates Rs125 million purchase for manufacturing copper rod
In April last year, the company had offered 25% right shares for the purpose of acquiring machinery for its manufacturing expansion project, by offering 7,115,594 shares to existing shareholders at a price of Rs160 per share (including a share premium of Rs150 per share)
PSX overcomes early tremors to close in green
Trading volumes improved significantly from 125m in the previous session to 239.5m
KARACHI:Â After early morning bumps, the Pakistan Stock Exchange (PSX) managed...
PSX ends flat amid volatility
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed another volatile session on Wednesday as the indices, after fluctuating in positive and negative zones, finally...
Sony, Nintendo seen scoring strong third-quarter earnings as console battle reaches next level
At Sony, analysts estimate operating profit grew 10 percent in September-December versus the same period a year prior to $3.55 billion
Pound tries to find footing amid Brexit uncertainty, dollar awaits Fed
Sterling staggered up 0.2 percent to $1.3091 after suffering a loss of 0.7 percent overnight as lawmakers rejected a proposal to give parliament a path to prevent a potentially chaotic hard exit