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Business
Gold Rates Decrease by Rs 2,000 Per Tola to Rs 241,900
APP
Islamabad: The per tola price of 24 karat gold decreased by Rs 2,000 and was sold at Rs 241,900 on Tuesday compared to its sale at Rs 243,900 on last trading day.
The price of 10 grams of 24 karat gold also decreased by Rs 1,715…
PSX Witnesses Bearish Trend, Loses 592 Points
APP
Islamabad: The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday, shedding 592.49 points, a negative change of 0.83 percent, closing at 71,102.55 points against 71,695.03 points the previous trading…
Exchange Rates for Exchange Notes
APP
Karachi: Currency selling and buying
USD 281.54275.12
GBP 353.20 345.13
EUR 301.39 295.07
JPY 1.79561.7546
SAR 75.07 73.35
AED…
Samsung Says Q1 Operating Profits Soar Nearly Tenfold On-Year
AFP/APP
Seoul: Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI.
The firm is the flagship…
Tokyo Stocks Open Higher with Focus on Yen
AFP/APP
Tokyo: Tokyo stocks opened higher on Tuesday after gains on Wall Street, with a focus on the yen amid speculation of Japanese government intervention to prop up the currency.
The benchmark Nikkei 225 index was up 0.96…
Asian Markets Build on Wall Street Rally, Yen Holds Bounce
AFP/APP
Hong Kong: Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.
A…
Microsoft CEO Pledges $1.7 bn AI, Cloud Investment in Indonesia
AFP/APP
Jakarta: Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure. …
Musk Leaves Beijing After Tesla Wins Key China Security Clearance
AFP/APP
Beijing: Tesla boss Elon Musk boarded a plane departing Beijing on Monday, after a whistle-stop China visit during which the firm secured a key security clearance for the world's biggest electric car market.
Musk arrived on…
Yen Sinks to 34-Year Low Past 160 Per Dollar
AFP/APP
Hong Kong: The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year.
The greenback bought 160.17 yen in morning trade…
Tesla CEO Musk Meets China’s Number Two Official in Beijing
AFP/APP
Beijing: Tech billionaire and Tesla CEO Elon Musk met in Beijing on Sunday with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms.
Musk -- one of the world's…