Asian stocks fall as focus turns towards central bank meetings
Japan’s benchmark Nikkei 225 edged up 0.3 percent in early trading at 22,934.58. South Korea’s Kospi was down by less than 0.1 percent at 2,468.83.
Creditor starts legal proceedings for Abraaj restructuring
Auctus is the second creditor, after Kuwait’s Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands, where Abraaj Holdings is registered
Oil prices fall on prospects of increasing supplies
Brent crude futures, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down 23 cents, or 0.3 percent, from their last close
Inflation to spike up after latest rupee devaluation
The country’s business community believes Pakistan would feel the pressure sooner rather than later due to an almost 13 percent dip in the value of the rupee in the last six months
Market Daily: Steepest fall after 20 sessions; market sheds 700 points
LAHORE: Indices at Pakistan Stock Exchange (PSX) posted the steepest fall on Tuesday since May 14, 2018, as Monday’s 4 per cent rupee devaluation...
Rupee devaluation not a surprise, further devaluation expected
LAHORE: The State Bank’s move to devalue the rupee by 3.6 per cent on Monday did not surprise experts; however, they suspect deficit risk...
Drive system in BMW i8 wins International Engine of the Year award
KARACHI: The plug-in hybrid drive system in the BMW i8 won the international engine of the year award in its category in...
US dollar touches Rs122 in interbank, closes at Rs121.50
KARACHI:  The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar.
“The dollar touched Rs122 in the interbank...
Asian stocks mostly higher, as all eyes on Trump-Kim summit
Japan’s benchmark Nikkei 225 was up 0.3 percent in early trading at 22,867.41. Australia’s S&P/ASX 200 was also up nearly 0.3 percent at 6,061.30.
Oil prices inch up on cautious optimism over Trump, Kim summit in Singapore
Brent crude futures were trading at $76.56 per barrel at 0201, up 10 cents from their last close
Pakistan’s new rupee devaluation shows economic risk before election
Growing speculation Pakistan may return to IMF for loans
Rupee devaluation could attract foreign investors back into stock market
Foreign investors have been pulling out their money from the stock market and were net sellers of $266 million during FY18 compared to $728 million in the corresponding period of last year
Rupee depreciates to all-time low of Rs121 against greenback in inter-bank market
The dollar which was previously trading at Rs115.63 in the inter-bank market, rose by Rs5.38, as per foreign exchange dealers on Monday
Asian shares fall ahead of G7 summit, central bank meetings
Japan’s benchmark Nikkei 225 shed less than 0.1 percent to 22,813.58 in early trading. Australia’s S&P/ASX 200 inched down less than 0.1 percent to 6,056.00. South Korea’s Kospi lost 0.4 percent to 2,460.14.
Oil prices stable but increasing US supply looms
Brent crude futures, the international benchmark for oil prices, were at $77.24 per barrel at 0317 GMT, a notch below their last close