business

APP Karachi: The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin on Wednesday. CONVERSION RATES FOR May 08, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS…

AFP/APP Hong 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…

APP Islamabad: 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…

AFP/APP Singapore: 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…

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,…

AFP/APP Tokyo: 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…

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…

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…

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…

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. …