Asian shares dip as North Korea suspends talks, U.S. yields climb
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent as Pyongyang’s move appeared to mark a break in months of warming ties between North and South Korea and with Washington
Oil prices fall on signs of ample supply despite OPEC cuts
Brent crude futures, the international benchmark for oil prices, were at $78.07 per barrel at 0024 GMT, down 36 cents, or 0.5 percent, from their last close
Pakistan averts MSCI downgrade, weight in EM index to slightly fall post China A Shares
LAHORE: Pakistan has escaped being downgraded from Morgan Stanley Capital International (MSCI) emerging market (EM) index on Tuesday after it raised the...
Dhaka Stock Exchange sells 25pc stake to Chinese consortium
DSE has signed an agreement to sell a 25 per cent stake to a Chinese consortium that includes the Shenzhen and Shanghai stock exchanges, a top DSE executive said on Tuesday.
SECP releases ‘Limited Liability Partnership Regulations 2018’
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the 2018 Limited Liability Partnership Regulations, 2018, under the Limited Liability...
HSBC, ING banks announce first trade finance transaction using blockchain
LONDON: Banking giants HSBC and ING on Monday said they had carried out a landmark blockchain transaction aimed at speeding up payment...
Market Daily: Political uncertainty, Nawaz Sharif’s remarks wreak havoc at PSX
LAHORE: The session left a trail of blood on the streets as market bulls were ripped to shreds in the wake of...
Dewan Cement rejects Mega Conglomerate’s acquisition offer
Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal
Apple on brink of $1 trillion valuation, but Amazon isn’t far behind
Apple’s stock has risen 24 percent over the past year, fueled by optimism about the iPhone X, the company’s latest smartphone and Amazon’s stock has surged 70 percent over the past 12 months, bolstered by 31 percent revenue growth
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...
Abraaj’s reputation nosedives over allegation of misused funds
Abraaj has seen a wave of investments get sidelined, a shake-up of its top management, talks of divestment of its investment arm collapse and questions over misuse of funds by leading investors like Melinda Gates Foundation continue
Chinese owner of Volvo cars gunning for IPO in September 2018
China’s Zhejiang Geely Holding Group, which bought Volvo Cars in 2010, has picked Citigroup, Goldman Sachs and Morgan Stanley for the listing
Asian stocks near three weeks high, dollar eases after US inflation
Japan’s Nikkei climbed 0.7 percent while South Korea’s KOSPI added 0.6 percent. Australian and New Zealand shares were both up 0.2 percent
Oil prices dip from multi-year highs
Outside OPEC, soaring U.S. crude oil production may also help fill Iran’s supply gap, hitting another record last week by climbing to 10.7 million barrels per day
Iranian rial loses steam in local currency market, after US exit from nuclear deal
The Iranian rial has fallen sharply in the global currency market after the US decision to exit the nuclear deal on Tuesday