Fintech firms want to shake up banking, and that worries the Fed
From 2010 to 2017, more than 3,330 new fintech firms were created, according to the Treasury, with financing for such firms soaring thirteen-fold over that period to $22 billion
Oil slides on China trade slump, but crude imports remain high
International Brent crude oil futures were at $59.91 per barrel at 0403 GMT, down 57 cents, or 0.9 percent from their last close
Zimbabwe plans new currency as dollar shortage bites
HARARE: Zimbabwe will introduce a new currency in the next 12 months, Zimbabwe finance minister said, as a shortage of United States...
Saudi energy minister says oil market on ‘right track’
ABU DHABI: Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly...
Govt to facilitate stockbrokers, realtors in mini-budget
ISLAMABAD: The federal government has decided to abolish the 0.02pc advance tax on sale/purchase of shares, it was learnt on Saturday.
Sources said that...
PSX gains 1,502 points in week
With WTI crude oil rising 10pc, exploration and production remained the best performers during the week
KARACHI: The Pakistan Stock Exchange (PSX) recorded...
PSX lands in red as KSE index sheds 41 points
KARACHI: Failing to end the last session of the week positive, Pakistan Stock Exchange (PSX) was once again conquered by bears, as indices...
SECP disposes proceedings against K-Electric, imposes fine on CEO and directors
KARACHI: Securities and Exchange Commission of Pakistan (SECP) on Friday said it had disposed of proceedings initiated against the CEO and board of...
OPPO launches F9 jade green limited edition variant
LAHORE: After gaining unprecedented fame and popularity, OPPO has launched a new limited-edition variant for its globally acclaimed handset, OPPO F9. Released...
Pakistani exporters urged to tap Malaysian meat market
'Half of Malaysian meat demand is being fulfilled by Australia, Brazil, New Zealand, India, China and Thailand, which are all non-Muslim...
As U.S. shutdown nears record length, Trump weighs declaring emergency
To escape a political trap of his own making, Trump suggested strongly on Thursday that he might declare an emergency so that he can bypass Congress to get funding for his wall, which was a central promise of his 2016 election campaign
Asian LNG prices slide to 8-month low on mild winter
Spot prices for February delivery to Asia LNG this week dropped to $8.50 per million British thermal units (mmBtu), lowest since mid-May, industry sources said
Gold prices rise as Fed stance weakens dollar
Spot gold rose 0.6 percent to $1,293.55 per ounce as at 0604 GMT, heading for a fourth straight weekly gain. The yellow metal is up 0.7 percent so far this week
Asian stocks rise on Fed restraint, U.S-China trade hopes
Japan’s Nikkei 225 index advanced 0.7 percent to 20,306.16 and South Korea’s Kospi was 0.4 percent higher at 2,071.18
Dollar slips on Fed chief’s “patient” comments
In 2018, the greenback outperformed its peers, gaining 4.3 percent as the Fed hiked rates four times on the back of a strong domestic economy, falling unemployment and rising wage pressures