Shell profits soar to four-year high
The world’s second-largest listed oil and gas company saw its cash generation from operations rise by nearly 60 percent to $12.1 billion, as deep cost savings in recent years filtered through
Trade war impact deepens across Asia, but ‘real economic shock’ yet to hit
In sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a slowdown in South Korea and Indonesia and a contraction in activity in Malaysia and Taiwan
Kuwait bourse seeks to create VC platform to finance startups
As Kuwait’s startup sector grows, the need for funds from these companies to fuel growth has been financed by venture capitalists and larger international groups in the same sector they operate in
Asia starts November up on strong Wall Street after brutal October
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9 percent, adding to modest gains the previous day, though this came after a brutal October month
Oil prices fall on signs of rising supplies, ebbing confidence on global economy
Thursday’s drops came after U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week
Legit manufacturers demand govt to restrict sale of illicit cigarettes
Most of these illicit cigarettes having approximately 35% market share are produced in Azad Kashmir and Khyber-Pakhtunkhwa claimed the stakeholders
FBR’s revenue collection rises 6.7% YoY, misses target by Rs100 billion for July-October FY19
Tax receipts for the month were recorded at Rs273 billion, which was 1.1% or Rs3 billion higher than in the same month last year (SMLY)
Pakistan jumps 11 places to 136th in WB ease of doing business index 2019
Pakistan has improved business climate for SMEs
PSX manages to close in green despite countrywide protests
KARACHI: Despite taking several dips following the Supreme Court’s judgement, the Pakistan Stock Exchange managed to close the session on Wednesday in green...
Euro zone bond yields nudge up, flash inflation looms
French consumer prices rose 2.5 percent in October, just shy of the highest inflation level since March 2012, data on Wednesday showed
Dollar at 16-month peak, yen weakens as BOJ in no hurry to exit stimulus
The dollar index, a gauge of its value versus six major peers, climbed to a fresh 16-month high to hit 97.06
Oil prices rise for first time in three days, but trade war drags
Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October and are on track to post their worst monthly performance since July 2016
China factory growth weakest in over two years, slump in export orders deepens
The official PMI - which gives global investors their first look at business conditions in China at the start of the last quarter of the year - fell to 50.2 in October, the lowest since July 2016 and down from 50.8 in September
PSX gains 155 points amid volatile trading
Indices swayed violently in both directions all day long
KARACHI: After putting up a confused show on Tuesday, the Pakistan Stock Exchange...
Apple expected to unveil iPads with facial recognition
Apple Inc on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have...