Dollar keeps to tight ranges as investors brace for U.S. elections
The dollar index, which measures the performance of the greenback against six key rivals, was basically flat at 96.319, moving in a range between 96.315 and 96.334
China says ready for U.S. talks, sees no winners in trade war
Beijing and Washington have imposed tit-for-tat duties on each other’s goods over recent months, with neither side backing down from an increasingly bitter trade dispute that has jolted financial markets and cast a pall over the global economy
Abraaj fund investors hire Duff & Phelps to help recover money: sources
The advisory firm will seek to trace an estimated $33 million owed by Abraaj relating to the Infrastructure and Growth Capital Fund
Oil drops on Iran sanction exemptions, economic concerns
International Brent crude oil futures were down 28 cents, or 0.4 percent, at $72.89 a barrel
PSX closes 510 points down on selling pressure
KARACHI: It wasn’t the best start to the week for investors at the Pakistan Stock Exchange (PSX), as the market came under selling...
KSE-100 index crashes 906.5 points during intra-day trading
The market had been buoyed through most of last week gaining over 1,400 points in week and first time since April that all five sessions of the week closed in green
PSX gains over 1,400 points in week despite protests
First time since April that all five sessions of the week closed in green
KARACHI: The Pakistan Stock Exchange (PSX) during the last...
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Trump says ‘I think we’ll make a deal with China’ on trade
The United States has imposed tariffs on $250 billion worth of Chinese goods so far, while China has retaliated with $110 billion worth of tariffs on U.S. goods
Oil drops 1% as U.S. allows Iran sanctions waivers
Both contracts have fallen more than 15 percent from the near four-year highs touched in early October on worries the looming Iran sanctions could drain supply from global markets
‘More investors needed to transform Pakistan’s capital market’
PSX chief says Pakistan will have to bring the capital market into documented economy.
KARACHI: Pakistan Stock Exchange (PSX) Chief Executive Officer Richard...
PSX ignores countrywide protests to extend gains
Index reacts to PM Khan’s visit to China, gains 287 points to close week in green
KARACHI: Despite the ongoing countrywide protests, the...
Yen falls, Australian dollar gains as U.S.-China trade angst eases
Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.
PSX stays afloat amid volatility, gains 66.74 points
Foreign investors continued to off-load on Wednesday once again with a net outflow of $1.06 million
Shell profits soar to four-year high
The world’s second-largest listed oil and gas company saw its cash generation from operations rise by nearly 60 percent to $12.1 billion, as deep cost savings in recent years filtered through