SBP governor says Pakistan not considering bilateral debt restructuring, sources claim
Claim negates Dar's statement at post-budget press conference
China's central bank cuts short-term borrowing cost for first time since Aug
Recent economic data has shown subdued demand and weaker investor sentiment
Australia business activity slows sharply in May, more risks ahead
The survey NAB.AX showed its index of business conditions fell by sizeable seven points to +8 in May
Asia shares track Wall Street rally with inflation data, Fed in focus
Investors will be closely monitoring US Consumer Price Index data to be released Tuesday
Oil prices inch higher on bargain hunting ahead of Fed rate decision
Brent crude futures climbed 16 cents, or 0.2%, to $72.00 a barrel
Dollar dips ahead of US inflation data, central bank meetings
Markets are currently pricing in 80% chance that Fed will keep rates on hold at this week's meeting
Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors
Adenza's risk management and regulatory software is primarily used by banks and brokerages
China's central bank cuts short-term borrowing cost for first time since Aug
Injects 2 billion yuan ($279.97 million) through the short-term bond instrument
Online retail media ad revenue forecast to surpass TV by 2028
Amazon disclosed earning $11.6 billion in revenue from its ad business in the fourth quarter
Binance plans to swap 750 million of token pairs to ensure liquidity
Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.S. dollar
Toyota to market next-gen battery EVs from 2026
Toyota seeks to sell 1.5 million EVs annually by 2026
US FTC asks court to block Microsoft acquisition of Activision
A trial at the FTC's in-house administrative court is scheduled to begin Aug. 2
Novo Nordisk invests $2.3 bln in Danish production facility
Construction of the new facility is underway with expectations to start production by early 2029
Novartis buys Chinook for $3.5 bln in race to treat rare kidney disease
The upfront payment represents a premium of 66.7% to Chinook's Friday closing price
Rich US subsidies may hobble Canada's clean-fuel efforts
The $430 billion IRA, signed into law by Joe Biden last year, aims to cut carbon emissions locally
Automaker group urges US EPA to 'ease up' on vehicle emissions rules
Environment Protection Agency aimed to cut vehicle emissions by 56% over 2026 levels
Poland to take 2035 fossil fuel car ban to top EU court, minister says
Poland has been the only country consistently opposing the proposals and voting against the rules
New York City to delay enforcing law against Airbnb hosts
Airbnb said that the law would make it harder for hosts to do business
India imposes wheat stock limit to arrest price rise
India's wheat procurement in 2023 is set to fall by a fifth from the initial estimate
China's property sector set to be persistently weak for years –Goldman
China's property sector has over the past two years been thrust into a severe debt crisis
Electricity short-fall hits 6000MW as summer season arrives
Despite demand of 26,000 megawatts a total of 20,552 megawatts are being produced
India's top court backs Delhi ban on bike taxis in setback for Uber
India's top court backs Delhi ban on bike taxis in setback for Uber
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
Pakistan's Russian crude shipment paid in Chinese currency: Musadik Malik
First cargo of discounted crude oil arranged under a new deal struck between Islamabad and Moscow
APTMA fears massive closures if competitive energy tariff not allowed
APTMA fears massive closures if competitive energy tariff not allowed
India's retail inflation eases to a more than 2-year low in May
India's retail inflation eases to a more than 2-year low in May
Govt not intended to freeze foreign currency accounts: Pasha
Wants IMF to complete ninth review at least
India asks Myanmar to expedite trade through rupee
India asks Myanmar to expedite trade through rupee
Saudi Arabia signs $5.6bn deal with Chinese EV company
It accounts for more than half of the over $10 billion in investment ventures
Govt's Energy Conservation Plan: Sui Northern launches door-to-door installation of gas saver cone
It helps in keeping water hot for longer time without wasting fuel
No pause in sight as ECB eyes next rate hike
It would be the Frankfurt institution’s eighth-consecutive increase since last July
Saudi Aramco to supply full oil volumes to some Asian refiners in July
World’s top oil exporter is reducing its production to 9 million barrels per day from next month
Sustained supply of Russian oil to cut POL products prices: Musadik Malik
Says the govt wants to meet one-third of domestic demand through imports from Russia
UBS completes Credit Suisse takeover to become wealth management behemoth
The group will now oversee $5 trillion of assets giving it a leading position in key markets
Indian officials to meet Moody's for improved rating
Moody’s rates India at the lowest investment grade of “Baa3” with a “stable” outlook
IMF conditions hampered Dar in presenting a comprehensive budget: PIAF
PIAF notes inability to widen tax net
IMF to persist with 'do more' as Pakistan looks beyond budget: experts
Long list of demands makes its hard for Pakistan to oblige the international lender
China's Nio cuts prices, ends free battery swapping as sales slide
Nio would cut prices by 30,000 yuan ($4,199) for all models including its revamped ES6
$10bn investment deals signed at Arab-China summit
Focus is on technology, agriculture, renewable energy, real estate, natural resources and tourism
Asia shares near month high ahead of central bank meetings
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.17% to 519.96
Oil edges lower ahead of Fed meeting
Brent crude futures fell 29 cents, or 0.4%, to $74.50 a barrel by 0058 GMT
Iraq approves record $153bn budget including big public hiring
Country has one of fastest-growing populations and is projected to double from 43m to 80m by 2050
Dollar steady, with Fed pause eyed in busy central bank week
Japanese yen steadied at 139.35 per US dollar
OPEC+ working against 'uncertainities and sentiment,' Saudi energy minister says
OPEC+ working against 'uncertainities and sentiment,' Saudi energy minister says
Sweden's Essity divests Russian operations
The walk-out transaction of Essity has been approved by the Russian authorities
Billionaire George Soros hands control of empire to son Alex
George Soros decides to leave his $25 billion empire to his 37-year-old son
Kazkhstan's SCAT airline announces flight operations for Lahore
SCAT Airline will operate two round-trip flights every Wednesday and Sunday
PM Shehbaz expects Pak-Turk bilateral trade to reach $5bn in three years
PM assured every possible facilitation to the Turkish investors would be provided
Lawsuits against cryptocurrency companies raise questions about industry's future
Lawsuits against cryptocurrency companies raise questions about industry’s future
World Bank needs new playbook to boost private investment in emerging markets
World Bank needs new playbook to boost private investment in emerging markets
First ship of discounted Russian oil docks at Karachi port: PM Shehbaz
Ship carrying 45,142 metric tons oil arrives at Karachi port
PM Shehbaz wants strong bond between Pakistan and Turkiye
Also alleges that PTI chief urged people to attack sensitive installations
GCC-China free trade deal must protect emerging Gulf industries: Saudi minister
Says, “We have come a long way."
Credit Suisse CEO memo signals UBS deal to close Monday
Says it is also the beginning of a new and exciting future
Pakistan won't go for further rupee devaluation: Fitch Ratings
Says substantive progress unlikely IMF deal unlikely in run up to elections due by October
US bans imports from China-based Ninestar over Uyghurs
After Ninestar’s inclusion twenty-two companies are now on the list
Iraq to pay $2.76bn in gas and electricity debt to Iran
The US sanctions on Iranian oil and gas have hampered Iraq's payments for imports
Investors rethink recession plays, boosting US stock market laggards
A broadening equity rally would be a welcome development for many
Dar says budget growth-oriented, mentions Plan B if no progress made on IMF deal
Says inflation to hover around 21pc
France strong-arms big food companies into cutting prices
Government is furious that supermarket prices have hit record levels in recent months
Why Turkey's currency is crashing after Erdogan got reelected
President on Friday appointed Hafize Gaye Erkan to lead the central bank
Super tax now applicable to everyone if income is Rs350m
Advance tax on daily withdrawal of Rs50,000 for non-filers
Govt proposes up to 35pc pay raise, 17.5 increase in pensions
Minimum wage jumps to Rs32,000 from Rs25,000
World shares at 13-month peak as Wall St scales 2023 highs
Helped by a surge in Tesla Inc the S&P 500 rose to levels last seen in August before paring gains
Oil posts second weekly decline as demand concerns overshadow Saudi cut
Brent crude futures fell $1.17, or 1.5%, to settle at $74.79 a barrel
SBP to announce monetary policy on June 12
The central bank would issue the Monetary Policy Statement on the same day
Google in funding round for Indian space start-up Pixxel
Pixxel is building a constellation of satellites that have the ability to identify mineral deposits
Visa, MasterCard fight off new UK mass actions over fees for now
Visa and Mastercard are being sued by hundreds of claimants at London's Competition Appeal Tribunal
Canada loses 17,300 jobs in May, jobless rate rises to 5.2%
Overall employment fell by 77,000 for youth aged 15-24 and increased by 63,000 for 25-54 age group
Ex-minister urges Beijing to lead in setting global EV battery standards
63% of the batteries installed in EVs in 2022 coming from Chinese companies
Chinese investors flock to Riyadh conference seeking new markets, capital
The gathering will take place two days after U.S. Secretary of State Antony Blinken visited Riyadh
France plans to close tax loophole benefiting Airbnb
A trio of cross-party lawmakers last month called for rules regulating such rentals
US House Republicans unveil broad package of tax cuts
The law comes after Biden introduced an increase in debt ceiling to avert default threats
White House welcomes Tesla to take advantage of federal dollars for chargers
Biden administration first time directly connected Tesla regarding new speed chargers on highways
Rs.175 billion direct, Rs.25bn indirect taxes recommended in budget: FBR
All the proposals are subjected to approval of budget for next fiscal year by the National Assembly
US government sets penalties on 43 drugs over price hikes
US government sets penalties on 43 drugs over price hikes
Govt presents Rs14.5tr budget 'without taxing' the masses
Blames PTI government, disasters for economic crunch
Indian scooter maker Ola Electric to kick off investor meet on IPO plans
Indian scooter maker Ola Electric to kick off investor meet on IPO plans
With eye on China, US and five allies condemn trade-related 'economic coercion'
With eye on China, US and five allies condemn trade-related 'economic coercion'
Cabinet approves up to 35pc raise in salaries, 17.5pc in pensions amid trying times
PM Shehbaz underscores need for political stability
A layman's guide to some budgetary, economic terms used in Pakistan
Budget deficit is a fiscal situation in which govt's total expenditures exceed its revenues
Pakistani mangoes land in China via newly opened cargo route
Sindhri variety was transported by YTO Express via a cargo flight between Lahore and Nanning
Britain to waive oil, gas windfall tax if prices fall far enough
The EPL was raised from its initial 25% rate to 35% in November
Erdogan names Erkan to head Turkiye central bank, policy pivot expected
New chief is the first woman in country's history, fifth in four years
UBS agrees with Swiss government on Credit Suisse loss guarantee
Bank headquarters to remain in Switzerland
SBP foreign reserves dip to $3.91bn as IMF sticks with harsh conditions
Net amount stands at $9.33bn by adding the greenback held by commercial banks
Chinese investors flock to Riyadh conference seeking new markets, capital
Gathering will take place after US Secretary of State Blink visited Saudi Arabia
US stocks up 20pc from their lows despite recession fears, banking crisis
The benchmark S&P 500 index had closed at a low of 3,577.03 on Oct 12, 2022
Economic Survey silent on employment rate
Pakistan has witnessed massive job losses in large-scale manufacturing
Tax exemptions results in Rs2,240bn dip in revenue collection
Amount increased from Rs1,757.035bn recorded last fiscal year
Pakistan's exports, imports shrink amid global slowdown
Consumers with reduced purchasing power around the world less inclined to buys products like textile
Japanese investors plan to sue MUFG unit over Credit Suisse bonds - Nikkei
Japanese investors plan to sue MUFG unit over Credit Suisse bonds
Amazon, Target modify deliveries in areas with poor air quality
Says its contactless order pickup service may not operate in the most affected areas
Oil prices partially recover after US, Iran deny reported nuclear deal
Brent crude settled down 99 cents, or 1.3%, at $75.96 a barrel
China's factory gate deflation speeds up in May as demand wanes
The producer price index (PPI) for May fell for an eighth consecutive month
Dollar retreats on jump in US jobless claims; eyes on Fed
The dollar index last stood at 103.35 in early Asia trade on Friday
Wall Street ends up amid record low volatility ahead of eventful week
The CBOE Volatility index dropped to a fresh post-pandemic record low
Oil market yawned over Saudi cut as economic concerns cap prices - Chevron exec
Benchmark Brent crude prices were just below $76 a barrel on Thursday
Asia shares buoyed by Fed pause bets; dollar heavy
Turkish lira extended its decline to a new record low of 23.54 per dollar
UK's Sunak-Biden pledge to cooperate on AI, others issues
The deals will facilitate cooperation in AI, Defence, Economy among other things
Carmaker Toyota to invest $328m in Mexico hybrid pickup plant
Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant
Amazon workers at UK warehouse to strike for three days in June
Labour unions representing various sectors have been calling strikes amid inflationary pressures
US luxury EV maker Lucid set to enter China market
In US it has largely shied away from lowering prices on $87,400 worth Air luxury sedan
Chinese regulators try to assure sceptical foreign financiers
Sino-U.S. tensions intensify semiconductor export curbs and data security challenges
Harley-Davidson suspends production at Pennsylvania plant due to parts shortage
The halt is happening for the second time in just over 12 months due to a parts shortage
Mercedes-Benz beats Tesla for California's approval of automated driving tech
The first deliveries for the respective S-Class and EQS Sedan models are expected later this year
Bunge finalizing $30 billion-plus merger with Viterra –sources
Bunge’s market value is about $14 billion and carries debt net of about $2.7 billion
GM embraces Tesla's EV charging system
Shares of tesla rose 4% whereas GM’s shares by more than 4% after the deal
Government plans $2bn Eurobonds in upcoming budget
Debt servicing is anticipated to consume a major Rs7.5 trillion in upcoming budget
Shares rise, Treasury yields fall as US jobless claims surge
Shares rise, Treasury yields fall as US jobless claims surge
Taiwan's Acer ships computer hardware to Russia after saying it would suspend business
Taiwan's Acer ships computer hardware to Russia after saying it would suspend business
Barter trade, other measures to boost Pakistan, Russia ties: ambassador
Putin to attend Shanghai Cooperation Organization summit: Ganich
Dar spells out salient features of FY24 budget
FM Ishaq Dar will present a deficit budget with more taxes
Dar unveils economic survey for FY23 amid 'compromised' growth indicators
The FinMin blamed the PTI government for the country's economic mess
South Korea plans to discuss bilateral FX swap with Japan, finmin says
Current economic issues will be discussed at the bilateral finance minister meeting on June 29
S&P 500, Nasdaq close lower as traders cash in on latest megacap rally
The small-cap index Russell 2000 (.RUT) climbed 1.78%
Dollar steady as traders consider Fed, global rates outlook
The Canadian dollar was last steady at C$1.3365 to the greenback
Oil steady as investors weigh supply and demand drivers
Brent crude futures dipped 1 cent at $76.94 a barrel
China's biggest state banks cut deposit rates
The state-backed banks cut rates on demand deposits by 5 basis points
Asian shares slide as traders fret on Fed rates
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.53%
UK to curb crypto advertising with 'cooling off' periods, risk warnings
UK to curb crypto advertising with 'cooling off' periods, risk warnings
Volvo Cars launches EX30 electric SUV
The EX30 will be produced in the Zhangjiakou plant in China and is due to start later in 2023
Telegraph faces sale after UK lender takes control of owners
No operational changes are expected for the media businesses or their employees
Qatar records budget surplus of $5.4bn in first quarter
Qatar had forecasted a budget surplus of 29bn riyals for the entire 2023
Oil prices rise as Saudi output cuts outweigh weak demand signals
U.S. crude stocks fell by about 450,000 compared with estimates for a 1M build
Amazon leads declines in discretionary sector, streaming companies outperform
Amazon last traded at $121.23 after hitting a high of $127.37, biggest 1-day % decline since Feb 3
US trade deficit widens to 6-month high, expected to dent economic growth
The trade deficit jumped 23.0% to $74.6 billion
China's exports tumble in May as global demand falters
Exports slumped 7.5% year-on-year in May much larger than the forecast 0.4% fall
ECC gives nod to allocation of budget to various ministries
ECC approved Rs14.802 billion in developments funds for Housing and Works ministry
Shehbaz govt unveils Economic Survey 2022-23 today
Federal Minister for Finance Ishaq Dar will chair the launching ceremony of Economic survey 2022-23
Govt's measure reduces mobile phone import bill by whopping 73.84pc
Stands at Rs473.2 million for FY2022-23
Turkish lira drops 7pc, signalling move towards free market
Turkish lira drops 7pc, signalling move towards free market
China's targeting of US firms is politically motivated
China's targeting of US firms is politically motivated
Bank of Canada hikes rates to 4.75%, highest in 22 years
Bank of Canada hikes rates to 4.75%, highest in 22 years
India's Yes Bank aims to expand margins by 100 bps
India's Yes Bank aims to expand margins by 100 bps
OECD slightly raises world GDP growth forecast to 2.7pc
Drop in energy prices, the untangling of supply chain bottlenecks
India cabinet okays $11bn revival plan for state-owned BSNL
BSNL, struggling with poor infrastructure, has been battered by intense competition from Jio
Pakistan's budget caught between IMF expectations and election
The funds are crucial for Pakistan to avert a balance of payments crisis
For Musk and other foreign CEOs visiting China, silence is golden
Foreign CEOs appear eager to get the lay of the land after three years of harsh COVID curbs
Vodafone and Hutchison to announce UK merger as soon as Friday
Deal will face intense scrutiny from regulators
Pakistan's economy shrinks to $341.5bn: Economic Survey
Country witnesses alarming inflation, but reduced budget deficit
NEC approves Rs2,709bn development outlay for FY24
Allocations include Centre's Rs950bn PSDP and Rs1,559bn of the provinces
Reddit to lay off about 5pc of its workforce
Social media platform saw surge in appeal due to the popularity of WallStreetBets and other forums
Oil extends losses as economic slowdown concerns return
China's official data showed on Wednesday that its exports shrank much faster than expected in May
Asia stocks hold up, China gives up some gains after weak trade data
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6 per cent in late morning
China's exports tumble in May as global demand falters
Beijing set a modest GDP growth target of around 5pc for this year after badly missing the 2022 goal
WB projects two more dark years for Pakistan's economic growth
Says the agriculture output is likely to have contracted for the first time in two decades
Wall Street inches higher toward edge of bull market
US government will publish its latest monthly updates on inflation next week
US power, diesel demand to slide on slower economic growth
EIA says share of renewable generation will jump from 22pc in 2022 to 23pc in 2023 and 25pc in 2024
Apple buys AR headset startup Mira - The Verge
Mira's military contracts include a small agreement with the U.S, Air Force and Navy
US tightens crackdown on crypto with lawsuits against Coinbase, Binance
Coinbase suffered about $1.28 billion of net customer outflows following the lawsuit
China's state banks told to lower cap on dollar deposit rates –sources
Interest rates offered by the Chinese banks on $50,000 dollar deposits would now be capped at 4.3%
New York City sues Hyundai, Kia over vehicle thefts
The city said the number of reported stolen Hyundais and Kias doubled last year
Global airlines target Europe over green policies
New rules will require fuel suppliers to make 70% of fuel available at EU airports by 2050
Japan PM Kishida unveils economic action plan on 'new capitalism'
Kishida's government is piling pressure on Japanese firms to foster a higher wage environment
Reddit to lay off about 5pc of its workforce
The Wall Street Journal first reported Reddit's move on Tuesday citing an email sent to employees
Ford recalls 125,000 vehicles over engine failures that can cause fires
Ford said isolated engine manufacturing issues can cause the engine to fail prematurely
Crypto exchange Binance hit by outflows of $780 million in last 24 hours - Nansen
Crypto exchange Binance hit by outflows of $780 million in last 24 hours - Nansen
Canada's TC Energy laying off staff
The company transports 25% of all the natural gas consumed in North America
Markets to close by 8pm all over country to 'conserve energy'
All Pakistan Traders Union rejects government's decision
German Merck says decoupling from China would be at huge economic cost
German Merck says decoupling from China would be at huge economic cost
Sterling slips after survey data shows house building slump
Sterling slips after survey data shows house building slump
Retailers battle for uncertain back-to-school demand after 'volatile' quarter
Shoppers are much choosier on where to splurge as inflation remains stubbornly high
Euro zone retail sales flat in April, with weaker food, fuel sales
Consumption has been weak all year as real incomes fall
Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says
Says surprisingly better coordinated action required among OPEC+ producers to tighten markets
Airbus or Boeing? Emirates looks at placing new order for long-haul jets
Airbus is already in talks with Indian and Latvian airlines to sell its aircraft
US bank shares fall after Treasury debt issuance, proposed new capital requirements
Some analysts have warned that this flood of new bills could drain bank reserves
China may cut rates further in second half of this year, govt researcher says
Country's economy rebounded faster than expected in the first quarter but lost momentum in second
Pakistan's total debt tops Rs58tr amid high interest rate, rupee depreciation
Domestic liabilities stand at Rs36.5tr or 62.3pc
Pakistan's services exports plummet 25pc, imports 40pc in April
Trade deficit narrowed by 91.44pc to $403.45m in July-April
Asian stocks wobble as traders weigh Fed rate pause option
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.1%
Dollar falls after weak services data
ISM said its non-manufacturing PMI fell to 50.3 last month from 51.9 in April
S&P 500 ends lower as traders eye potential pause in rate hikes
Apple, Nvidia down during Monday's trading
Protesters prepare last-ditch bid to stop French pension overhaul
Around 400,000-600,000 people are expected to turn out at protests across France
GM to invest over $1bn for plants overhaul to boost truck production
GM also expects to start bargaining with the United Auto Workers union for a new contract
General Electric to sell over $2 bln stake in GE HealthCare
General Electric to sell over $2 bln stake in GE HealthCare
Spotify to lay off 200 workers in podcast division
Spotify spent aggressively to build-up podcast business in recent years
Musk's Neuralink valued at about $5 bln despite long road to market
Neuralink valued at close to $2 billion around two years ago is now worth almost $5 billion
Apple unveiles Vision Pro, 15-inch MacBook Air, OS updates
Apple to sell Vision Pro AR headset for triple Meta's top-line product price
IT ministry urges for more than Rs16.5 billion allocation in upcoming budget
10 billion and 500 million rupees are requested for the non-developmental expenditures
US sues Binance and founder Zhao over 'web of deception'
US sues Binance and founder Zhao over 'web of deception'
Signs of de-dollarisation emerge, but dollar top currency: JPMorgan
Says greenback should retain its "large footprint" for the foreseeable future
