Gold prices reach record highs in global and local markets
- 17-Aug-2024
KARACHI: The per tola price of 24 karat gold increased by Rs.2,500 and was sold at Rs.260,200 compared to its sale at Rs.257,700 on last trading day, ARY News reported on Saturday. According to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karat gold also increased by Rs.2,144 to Rs.223,080 from […]
US ‘will not accept’ flood of below-cost Chinese goods: Yellen
- 08-Apr-2024
BEIJING: The United States “will not accept” a situation where underpriced Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen said Monday as she wrapped up high-level talks in China. Yellen repeatedly warned about the risks of China’s excess industrial capacity during four-day talks with officials and business leaders in […]
Omicron vaccine warning triggers fresh global selloff
- 30-Nov-2021
LONDON: There was a fall in world share markets and scramble to safer currencies and bonds on Tuesday after the CEO of drugmaker Moderna warned that COVID-19 vaccines are unlikely to be as effective against the new Omicron variant. Europe’s main bourses jolted 1.4% lower early on, oil shed 3%, Australia’s currency which is highly […]
‘Pakistan’s exports do quite well in major global markets’
- 06-Jul-2021
ISLAMABAD: “Our exports have done quite well in our major markets,” Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said on Tuesday. He tweeted that Pakistan’s exports to China increased by 34% to $2.33 billion during the fiscal year 2020-21 as compared to $1.74 billion in the previous financial year, going […]
Surge for stocks fades despite huge US stimulus package
- 25-Mar-2020
A global stocks rally petered out Wednesday as Europe took up the baton, despite US lawmakers agreeing a mammoth stimulus package.
IMF pessimism + trade tensions = sickly stocks
- 22-Jan-2019
European shares followed Asia into the red as disappointing earnings from Swiss bank UBS compounded what had been a catastrophic 2018 for Europe’s banking sector, which lost nearly 30 percent of its value over the year.
Rise in oil prices, as China & US geared up for trade talks
- 16-Aug-2018
SINGAPORE: Oil prices today recouped some of the previous day’s losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets. Brent crude oil futures LCOc1 were at $71.03 per barrel at 0455 GMT, up 27 cents, or […]
Global Markets: Stocks, dollar steady after US-North Korea summit
- 12-Jun-2018
NEW YORK: World stock markets were little changed on Tuesday while the US dollar fell slightly against an index of major currencies, as investors brushed aside a long-awaited US-North Korea summit aimed at denuclearizing the Korean peninsula. US President Donald Trump and North Korean leader Kim Jong Un met in Singapore, pledging to work toward […]
EU says to use all means against China steel exports
- 13-Jul-2016
BEIJING: EU Commission head Jean-Claude Juncker said Wednesday that the bloc would use all possible means to protect itself from a flood of Chinese steel imports blamed for turmoil in global markets.
Oil prices extends slide on worries about impact of Brexit
- 27-Jun-2016
SINGAPORE: Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week's decision by Britain to leave the European Union batters confidence and ushers in a period of uncertainty.