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Rupee makes sharp recovery against dollar
KARACHI - Pakistani currency continued to stabilize for the second working day of the week, as it made fresh recovery against the US dollar in the inter-bank market on Tuesday.
According to details, the local currency appreciated by…
Oil prices steady on prospect of balancing supply after steep selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff.
Brent crude futures rose 26…
Asian stocks struggle to recover
HONG KONG (AFP) - The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to…
Sri Lanka looks to revive free trade deal with Singapore
COLOMBO: Sri Lanka will step up efforts to revive a stalled free trade pact with Singapore, President Ranil Wickremesinghe told the city state’s premier on Tuesday, his office said in a statement.
The leader of the crisis-hit Indian…
PSX gains 531.33 points, closes at 41,151.54 points
ISLAMABAD – The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 531.33 points, a positive change of 1.31 percent, closing at 41,151.54 points against 40,620.2 points on the last working day.
A…
World economy to slow, ‘paying the price of war’: OECD
PARIS: The world economy will take a bigger hit than previously forecast next year due to the effects of Russia’s war in Ukraine, the OECD said Monday.
In a bleak report titled “paying the price of war”, the Paris-based organisation…
Rupee makes sharp recovery against dollar as Dar returns
KARACHI - Pakistani currency continued to stabilize for the second consecutive working day, as it made fresh recovery against the US dollar in the inter-bank market on Monday.
According to details, the local currency appreciated by…
Sterling plunges to all-time low in scathing appraisal of fiscal plan
TOKYO (Reuters) - Sterling tumbled nearly 5% to an all-time low on Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits.
The currency dived as much as 4.85%…
Oil claws back some losses but strong dollar caps gains
MELBOURNE (Reuters) - Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel…
Japan’s factory activity expands at slowest pace in 20 months
TOKYO: Japan’s factory activity growth hit a 20-month low in September, as firms struggled with a global slowdown and pressure from high energy and raw material prices that was exacerbated by a weak yen.
The au Jibun Bank Flash Japan…