Asian shares rally on hopes for China-US trade breakthrough
Japan’s Nikkei 225 index gained 1.3 percent to 20,472.79 and Hong Kong’s Hang Seng jumped 2.5 percent to 26,512.06
Oil prices climb amid U.S.-China trade talk optimism
International Brent crude futures were up 79 cents, or 1.3 percent, at $59.47 per barrel
Commercial Bank of Dubai to take control of Abraaj assets secured against loan
Stakes in Abraaj’s Infrastructure and Growth Capital Fund, as well as its funds focused on Turkey, Latin America, North Africa, Africa and health, were held as security against CBD’s loans, a joint provisional liquidators’ report from July shows
PSX extends gains amid improved market sentiment
KARACHI:Â Optimistic sentiments prevailed at the Pakistan Stock Exchange (PSX) for the second consecutive session on Tuesday. Indices which opened positive continued to...
Supply avalanche keeps upward pressure on euro zone bond yields
Core euro zone bond yields, including Germany — the benchmark for the region — inched higher in early trade, tracking the late move higher in U.S. Treasuries on Monday
Amazon becomes most valuable publicly-traded company
The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalisation of $796.8 billion, about $13.2 billion more than Microsoft
Fed pause expectations keep lid on dollar
The dollar index was marginally higher, fetching 95.80 at 0244 GMT. Earlier in the session, it had hit an intra-day low of 95.68
K-Electric says finalization of financial statements for FY17 & F18 facing delays
The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18
Asian shares mixed amid silence on China-US trade talks
Japan’s Nikkei 225 index gained 1.1 percent to 20,251.42 and the Hang Seng in Hong Kong added 0.3 percent to 25,905.82.
Oil stable on trade talk optimism and OPEC cuts, but slowdown looms
International Brent crude futures were at $57.43 per barrel at 0218 GMT, up 10 cents, or 0.1 percent from their last close
K-Electric leads PSX volume chart following Abraaj’s offloading deal
K-Electric Limited (KEL) on Monday was the volume leader at the Pakistan Stock Exchange with 22.85 million shares, gaining Rs0.47 to close...
PSX reacts to assurances from Abu Dhabi, index gains over 1,000 points
KARACHI:Â Bulls took over Pakistan Stock Exchange (PSX) on the first trading session of the week. Stocks rallied, appreciating over 900 points in...
Packages Ltd seeks details of orders from apex court regarding leased land
On Saturday, the apex had ordered Packages Limited to pay lease payment of Rs500 million for the land where its factory is built following the expiry of the lease agreement in 2015
China’s forex reserves fall in 2018 as slowing economy, trade war weigh
China’s foreign exchange reserves - the world’s largest - fell by $67.24 billion last year to $3.073 trillion, central bank data showed on Monday
Gold up as U.S. Fed stance pricks dollar, stocks rally cap gains
Spot gold was up 0.3 percent at $1,288.60 per ounce, as of 0306 GMT and U.S. gold futures gained about 0.4 percent to $1,290.70 per ounce