Colgate-Palmolive to raise prices as raw materials costs surge
Colgate, which makes Speed Stick deodorants and Softsoap hand-wash, said raw material inflation had hurt second-quarter gross margins by 320 basis points
A narrow tax base to be the main challenge for next government: Moody’s
LAHORE:Â July 25 saw Pakistan transitioning into a democratic system for the second time in its 71 year history. The former government left...
Pakistan’s Imran Khan faces tough test in looming economic crisis
Pakistan’s central bank has devalued the currency four times since December, weakening the rupee by more than 20 percent, amid efforts to avert a balance of payments crisis in the $305 billion (£232.5 billion) economy
Gold at one-week low as dollar rallies and trade tensions ease
A strong dollar makes dollar-priced gold costlier for non-U.S. investors
Rupee consolidates gains against dollar, sheds 21 paisa in inter-bank market
Rupee had gained Rs1.10 per dollar on Thursday in the kerb market
Global stocks mostly higher, defying Facebook-led tech slump
Germany’s DAX added 0.1 percent to 12,823.64 and the CAC 40 in France was flat at 5,481.07 & Japan’s Nikkei 225 index added 0.6 percent to 22,712.75 and the Kospi in South Korea picked up 0.3 percent to 2,294.99
Dollar steadies after rally, U.S. GDP data awaited
It had risen 0.4 percent overnight to pull away from a two-week trough of 94.084 as the euro slid sharply after the European Central Bank kept to its planned timetable to move away from its accommodative monetary policy
Oil prices dip after three days of gains
Brent futures were down 5 cents at $74.49 a barrel by 0319 GMT, after gaining 0.8 percent on Thursday. They are heading for a near 2 percent gain this week, the first weekly increase in four
Rupee appreciates Rs1.10 per dollar in open market
On Thursday, the dollar was trading at around Rs128.90 in the kerb market opposed to Rs130 just before the elections
Zuckerberg fortune takes a $16 billion plunge in record Facebook fall
Shares fell as much as 19.6 percent to $174.78, a decline that if sustained would wipe about $124 billion off the company’s value - or nearly four times the entire market capitalization of Twitter Inc
Pakistan dollar bonds rise as election results awaited -Tradeweb
The 2025 eurobond jumped 2.2 cents to 102 cents in the dollar according to Tradeweb data, the highest since June 1. The 2024 issue rose 1.7 cents to 101.7 cents, the highest in almost two months
Gold steady as dollar eases after U.S.-EU trade talks
Spot gold was little changed at $1,231.12 an ounce, as of 0412 GMT. Earlier in the session, the yellow metal hit $1,235.16, its highest in more than a week
Shell launches $25 billion buyback plan, second-quarter profits miss
The share repurchase programme promised following the $54 acquisition of BG Group in 2016, is the clearest signal yet that the world’s second-largest oil company has recovered from a bruising three-year downturn in the energy sector
PSX surges 699.59 points, as PTI leads in National Assembly race
LAHORE: The Pakistan Stock Exchange (PSX) surged 699.59 points within the first hour of opening on Thursday as elections results poured in...
Nishat Chunian sells 100 percent stake in NCEL
The sole business of NECL is operating cinema screens in Lahore and Multan.