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
Asian shares advance ahead of Fed meeting, US-China talks
Japan’s Nikkei 225 index retreated 0.5 percent to 20,555.13 while South Korea’s Kospi climbed 0.6 percent to 2,197.50
Oil prices rise on Venezuelan supply concerns following U.S. sanctions
The gains followed a 2-percent price jump in the previous session when markets first digested the U.S. sanctions on Venezuela’s oil exports
Apple opens new chapter amid weakening iPhone demand
The company’s services revenue in the past quarter climbed 19 percent from the prior year to $10.9 billion — more than any other category besides the iPhone
U.S., China face deep trade, IP differences in high-level talks
The two sides will meet next door to the White House in the highest-level talks since U.S. President Donald Trump and Chinese President Xi Jinping agreed a 90-day truce in their trade war in December
SBP releases first quarterly report on state of economy
'With foreign investments declining on a yearly basis and external borrowing by the private sector remaining subdued, the financial inflows proved...
PSX lands in green amid volatile trading
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed another volatile trading session on Tuesday. After an initial dip, the indices recovered to end the...
UBL’s New York branch surrenders license, concludes voluntary liquidation
In November, UBL had announced it would voluntarily liquidate and surrender its banking license in New York as per the applicable rules and regulations
Wall Street rattled by Caterpillar, Nvidia warnings
USÂ stocks fell on Monday as weak forecasts from Caterpillar Inc and Nvidia Corp fueled worries about a slowdown in China taking a...
Stock market gains 155 points amid low volume
KARACHI:Â Investors returned after the weekend with optimistic sentiments. Indices swung in both directions in the absence of a trigger while volumes remained...
Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank
Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity
Dollar eases as focus shifts to Fed meeting; yen and Aussie dollar gain
The dollar index, a gauge of its value versus six major peers was marginally lower at 95.74, after falling 0.8 percent on Friday
Asian markets gain after US suspends government shutdown
Hong Kong’s Hang Seng index gained 0.3 percent to 27,657.27 and the Shanghai Composite index climbed 0.3 percent to 2,610.14
Oil falls on increased U.S. rig count, China industrial slowdown
International Brent crude oil futures were at $61.03 a barrel, down 61 cents, or 1 percent