Dollar holds firm as global growth concerns support safe-havens
The dollar index, which measures its strength against a group of six major currencies, was steady at 96.33, holding near a 2-week high of 96.43 hit on Monday
Asian shares decline on concerns over global, China slowdown
Japan’s Nikkei 225 index shed 0.7 percent to 20,573.28 and the Kospi in South Korea sank 0.7 percent to 2,110.62
China’s fourth quarter GDP growth dented by services, agriculture despite construction rebound
Services grew 7.4 percent from a year earlier, slowing from 7.9 percent in the third quarter, while growth in agriculture slowed to 3.5 percent from 3.6 percent, the National Bureau of Statistics (NBS) said
Mini-budget expected to announce incentives to bolster capital markets
As per an official, over-regulation of brokers would be controlled to facilitate equity investments
Oil prices fall as economic growth worries spread
International Brent crude oil futures were at $62.26 per barrel at 0410 GMT, down 48 cents, or 0.8 percent, from their previous close
Govt could scrap regulatory duties on 150 items in mini-budget: Report
The government is going to provide an exemption of income tax for the banking sector on providing loans for low-cost housing in the country via the upcoming supplementary finance bill
IMF cuts global growth outlook, cites trade war and weak Europe
The IMF also cut its 2019 growth forecast for developing countries to 4.5 percent, down 0.2 percentage point from the previous projection and a slowdown from 4.7 percent in 2018
PSX closes in green as index gains 237 points
KARACHI:Â Bulls of the Pakistan Stock Exchange (PSX) strengthened their dominance on Monday, as the indices opted upward trajectory right from the from...
Attock Cement concludes civil, mechanical and electrical work on Iraq project
In May 2013, Attock Cement had announced plans to invest $25 million in a new grinding plant in Basra, Iraq
GSKCH paid-up capital increases post merger
In a notification sent to the Pakistan Stock Exchange (PSX), GSKCH Pakistan said the shareholding of its holding company GlaxoSmithKline Consumer Healthcare B.V is now 100,423,259
GSK Chairman Hampton to step down ahead of split
The announcement comes a month after GSK’s Chief Executive Emma Walmsley announced her boldest plans yet - to split the company into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products
Iran says Japan has started process of importing Iranian oil
Iranian oil accounted for 5.3 percent of Japan’s total crude imports in 2018
Gold steady as rising risk appetite offsets Fed pause views
Gold has risen more than 10 percent since touching 1-1/2-year lows in mid-August, mainly due to tumultuous equity markets and a softer dollar
Asian markets advance on optimism over China-US trade
The Shanghai Composite Index surged 0.7 percent to 2,615.46 and Hong Kong’s Hang Seng index climbed 0.6 percent to 27,262.01
Dollar firm near two-week high, risk appetite unfazed by weak China GDP
The dollar index, which measures its strength against a group of six major currencies, was steady at 96.308 after climbing to 96.394 percent on Friday, its strongest since Jan. 4