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Business
Yen Sinks to 34-Year Low
AFP/APPHong 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/APPBeijing: 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…
PSX Gains 771 Points
APPIslamabad: The 100-Index of the Pakistan Stock Exchange (PSX) on Friday gained 771.35 points, a positive change of 1.07 percent, closing at 72,742.75 points against 71,971.40 points the previous trading day.A total of 541,144,650…
US Stocks Rebound on Tech Earnings, London Hits New Record
AFP/APPLondon: US stocks rebounded Friday on the back of buoyant big tech earnings while London hit another record peak as investors tracked a series of takeover bids for UK companies.Wall Street opened higher as traders shrugged…
Yen Falls Further as Bank of Japan Stands Pat on Rates
AFP/APPTokyo:The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.Officials last month announced the first…
Foreign Exchange Rates
APPKarachi: The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin, on Friday. CONVERSION RATES FOR April 26, 2024 FOR…
Asian Markets Mixed as Global Rally Stalls, Eyes on Yen
AFP/APPHong Kong: Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest…
PSX Turns Bullish, Gains 692 More Points
APPIslamabad: The 100-Index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 692.49 points, a positive change of 0.97 percent, closing at 72,051.89 points against 71,359.41 points the previous…
Gold Rates Up by Rs1,100 Per Tola
APPIslamabad: The per tola price of 24 karat gold increased by Rs.1,100 and was sold at Rs 242,000 on Wednesday compared to its sale at Rs 240,900 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs 943…
Rupee Sheds 02 Paisa Against Dollar
APPIslamabad: Pakistani Rupee on Wednesday depreciated by 02 paisa against the US dollar in the interbank trading and closed at Rs 278.39 against the previous day’s closing of Rs 278.37.However, according to the Forex Association of…