finance news

AFP/APP Copenhagen: 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…

AFP/APP New 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…

AFP/APP Kuala Lumpur: Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure. The tech giant's chief executive Satya Nadella…

AFP/APP New York: Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline. The electric car…

AFP/APP London: Major stock markets in Asia and Europe mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon. Oil prices extended the…

AFP/APP London: Oil prices fell further Wednesday but stocks diverged as traders tracked fallout from Iran's attack on Israel and assessed the outlook for interest rates. The top two global oil contracts fell more than one percent,…

AFP/APP  Tokyo: Tokyo stocks closed higher on Tuesday, helped by rallies in US tech giants and a weaker yen. The benchmark Nikkei 225 index added 1.08 percent, or 426.09 points, to 39,773.13, while the broader Topix index ended up…

AFP/APP Hong Kong: Asian stocks tumbled Friday, and oil extended the previous day's surge on worries that Israel's war with Hamas could widen to a regional conflict with Iran as both sides ratcheted up tensions. The threat of regional…

News Desk Islamabad: In a pioneering initiative to tackle the pressing issue of waste management in Pakistan's urban areas, a two-day hackathon was organized as part of the Green Urban Development (GUD) program. The aim was to co-create…

AFP/APP New York: Wall Street stocks climbed Thursday as investors assessed a key US inflation gauge, with all three major indices up while the tech-focused Nasdaq Composite Index set a new record. The Dow Jones Industrial Average rose…