Iran’s central bank proposes slashing four zeros from falling currency: IRNA
DUBAI: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency...
Market Weekly: Mixed sentiments, KSE-100 index gains 380 points WoW
Volumes during the week settled at 118 million shares (up by 7 per cent WoW) while value traded arrived at $41 million (up by 14 per cent WoW)
Fund managers hoping for stock rally look to emerging markets
After emerging market stocks led global equity markets lower in a brutal 2018, some U.S.-based fund managers are betting that the asset class may have the largest rebound in the new year
US employers went on a surprising hiring spree in December
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week
China house price gains no longer a certainty: central bank adviser
Following a furious boom, China has gradually tightened regulatory controls over its massive property market from mid-2016.
Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers
Washington seeks to bring Iranian oil exports to zero in order to curb Tehran’s missile and nuclear programs and counter its growing military and political influence in the Middle East
China-US trade talks a tonic to battered markets
LONDON:Â World stock markets rallied on Friday after Beijing announced a new round of trade talks with Washington, though recession fears still had...
Stock market closes flat amid volatility
KARACHI:Â The investors of Pakistan Stock Exchange (PSX) observed a volatile session on Friday where indices, after oscillating in both directions, ended the...
Google shifted $23bn to tax haven Bermuda in 2017
AMSTERDAM: Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement...
Wall Street rattled by Apple’s sales warning, weak factory data
US stocks slumped on Thursday, after Apple Inc’s rare sales warning exacerbated fears that the Sino-US trade war and a slowing China...
Oil prices decline on swelling oversupply, volatile markets
LONDON:Â Oil prices fell slightly on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will...
PSX plunges 253 points as bears continue to dominate
KARACHI: The investors of Pakistan Stock Exchange (PSX) witnessed another dull trading session on Thursday, as bears managed to maintain their dominance.
Indices...
Dollar starts 2019 strong, safety bid lifts yen
The euro fell 0.9 percent against the U.S. dollar, following weak manufacturing data from Spain, France, Italy, and Germany
PSX fails to sustain gains, index sheds 200 points
KARACHI:Â It seemed as if optimism at the Pakistan Stock Exchange (PSX) was just a false alarm. Indices which opened positive on Wednesday...
Big IPOs eyeing a brittle Wall Street in 2019
The market is coming off an outstanding 2018 for stock offers, with 231 companies going public and raising $61 billion, the best year since 2014 when Alibaba entered Wall Street, according to Dealogic