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Business
Asian Markets Mixed as Traders Weigh Rates Outlook
AFP/APPHong Kong: Asian markets fluctuated Wednesday as the latest rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.While Europe enjoyed a firm session, Wall…
PSX Witnesses Mixed Trend
APPIslamabad: The 100-Index of the Pakistan Stock Exchange (PSX) witnessed mixed trend on Tuesday, with a nominal loss of 3.04 percent, closing at 72,761.20 points against 72,764.24 points the previous trading day.A total of…
Amazon Says Will Invest $9 Billion in Singapore
AFP/APPSingapore: Amazon said Tuesday it would invest $9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.The tech giant said the figure doubles its investment in the city-state…
PSX 100 Index Up 862 Points
News Desk Islamabad: In the Pakistan Stock Exchange (PSX), the 100 index showed strong performance today, gaining over 1000 points. However, the record high of 73,300 points remains unbroken.The benchmark 100 index closed at 72,764,…
Interbank: US Dollar Dips, Pakistan Stock Exchange Surges
APPIslamabad: The US dollar started the business week with a slight depreciation, dropping by 1 paisa in the interbank exchange. Now, 1 paisa buys $278.20, compared to the previous rate of $278.21 at the end of the last business…
PSX Turns Bullish, Gains 1,244 Points
APPIslamabad: The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 1,244.45 points, a positive change of 1.76 percent, closing at 71,902.09 points against 70,657.64 points the previous…
Rupee Gains One Pasia Against US Dollar
APPIslamabad: Pakistani Rupee on Thursday gained 01 paisa against the US dollar in the interbank trading and closed at Rs 278.30 against the previous day’s closing of Rs 278.31.According to the Forex Association of Pakistan (FAP),…
Tokyo Shares Open Lower, Yen Jumps
AFP/APPTokyo: Tokyo stocks opened lower Thursday after US shares dropped, with a jump in the yen sparking speculation that the Japanese government had intervened in the market for the second time this week.The benchmark Nikkei 225…
Maersk’s Net Profit Sinks Amid Red Sea Attacks
AFP/APPCopenhagen: Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks force it to avoid the vital Red Sea route.Maersk reported a net profit of $177 million in the…
US Stocks Jump as Fed Chief Calls a Rate Hike ‘Unlikely’
AFP/APPNew York: Wall Street stocks shot higher Wednesday afternoon after Federal Reserve Chair Jerome Powell said the central bank is "unlikely" to raise interest rates.Major indices were up about one percent or more after Powell…