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...
Britain to target online giants with new ‘digital services tax’
Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make in the country to update...
Asad Umar defends move to approach friendly countries, IMF for financial assistance
Mr Umar rebuffed the impression that the government’s vacillation on the IMF programme had spawned the stock market crash and told the house that the KSE-100 benchmark index had nosedived by 15,000 points even when the previous PML-N administration was in power
Asian stocks rally as weaker yuan eases fear of more tariffs
Japan’s Nikkei 225 index jumped 1.4 percent to 21,434.38 after official data showed that its unemployment rate eased to 2.3 percent in September, from 2.4 percent a month earlier
Dollar holds firms, yuan at 10-year low on fresh Sino-U.S. trade anxiety
The dollar index, a gauge of the currency’s strength against six major peers, traded at 96.66, up 0.1 percent on Tuesday
Turkish arm of Abraaj looking to sever ties & become independent: Report
Canadian asset management group, Brookfield is said to be in negotiations with the Turkish entity of Abraaj to acquire it, according to people aware of the talks
High oil prices hurt consumers, dent fuel demand: IEA chief
Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite falls this month are up by around 15 percent since the start of 2018
FBR deprives hundreds of overseas Pakistanis from availing tax amnesty scheme
A circular issued by the FBR on October 24th effectively deprives those overseas Pakistani's from availing the benefits of the tax amnesty scheme who had declared their foreign assets worth Rs155 billion
Government after gap of 1.5 years reinstates DGII powers to probe tax dodgers
In a judgement of the Lahore High Court (LHC) in July 2017, the statutory regulatory order (SRO) 116, which permitted the DGII to carry out an investigation into sales tax evasion was declared unlawful
HBL reinventing itself under new president
The HBL CEO aims to transform it into an IT company with a banking license
PSX surges on higher volumes, index gains 897 points
PSX registers an accumulative gain of 3,739 points in four trading sessions
KARACHI:Â Trading resumed at the Pakistan Stock Exchange (PSX) on an...
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright