Asian stocks mixed as China-US talks end with no deal
Hong Kong’s Hang Seng index lost 0.2 percent to 27,885.90 while the Shanghai Composite index jumped 0.8 percent to 2,604.57
Oil caught between trade talk hopes, weak China data
Oil futures received support from a broader financial market rally, which saw Asian shares hit four-month highs on Friday on hopes the United States and China could strike a trade deal
Pakistan Cables successfully negotiates Rs125 million purchase for manufacturing copper rod
In April last year, the company had offered 25% right shares for the purpose of acquiring machinery for its manufacturing expansion project, by offering 7,115,594 shares to existing shareholders at a price of Rs160 per share (including a share premium of Rs150 per share)
Revenue collection again misses the mark, falls short by Rs187 billion
The net increase against the corresponding period of FY18 was only Rs69 billion or 3.5%.
PSX overcomes early tremors to close in green
Trading volumes improved significantly from 125m in the previous session to 239.5m
KARACHI:Â After early morning bumps, the Pakistan Stock Exchange (PSX) managed...
PSX ends flat amid volatility
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed another volatile session on Wednesday as the indices, after fluctuating in positive and negative zones, finally...
Sony, Nintendo seen scoring strong third-quarter earnings as console battle reaches next level
At Sony, analysts estimate operating profit grew 10 percent in September-December versus the same period a year prior to $3.55 billion
Fiscal deficit grew 18.62% in first quarter of FY19: SBP
According to the report, this was attributable to a sharp increase in current spending mainly debt servicing and defence, which nullified a marginal gain in the revenue collection
Pound tries to find footing amid Brexit uncertainty, dollar awaits Fed
Sterling staggered up 0.2 percent to $1.3091 after suffering a loss of 0.7 percent overnight as lawmakers rejected a proposal to give parliament a path to prevent a potentially chaotic hard exit
Asian shares advance ahead of Fed meeting, US-China talks
Japan’s Nikkei 225 index retreated 0.5 percent to 20,555.13 while South Korea’s Kospi climbed 0.6 percent to 2,197.50
Oil prices rise on Venezuelan supply concerns following U.S. sanctions
The gains followed a 2-percent price jump in the previous session when markets first digested the U.S. sanctions on Venezuela’s oil exports
Apple opens new chapter amid weakening iPhone demand
The company’s services revenue in the past quarter climbed 19 percent from the prior year to $10.9 billion — more than any other category besides the iPhone
U.S., China face deep trade, IP differences in high-level talks
The two sides will meet next door to the White House in the highest-level talks since U.S. President Donald Trump and Chinese President Xi Jinping agreed a 90-day truce in their trade war in December
FBR launches mechanism for paying duties and taxes online for unregistered mobile phones
However, sellers of mobile phones would be required to pay duties and taxes too and fines for for their registration according to the adjudication mechanism
Economy steering towards stabilization: Hammad Azhar
The State Minister for Revenue said revenue shortfall could not cause a slowdown in the economy