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BoE's Pill says a rate hike need not be start of long series
BANGKOK: A future interest rate increase by the Bank of England should not be interpreted by investors as the start of a long series of increases, BoE Chief Economist Huw Pill said on Thursday.
Business Recorder
Wheat Seed Prices High Ahead of Sowing Season
Pakistan’s Ministry of National Food Security and Research has urged private seed companies to reduce wheat seed prices ahead of
ProPakistani
South Korea's KOSPI triggers circuit breaker in tech-led selloff
SEOUL: South Korea’s benchmark stock index KOSPI fell 8% on Thursday, triggering a circuit breaker for the first time in 2-1/2 months, as chipmakers tracked a technology-led Wall Street selloff…
Business Recorder
World Bank Worried About Pakistan
The World Bank has rated Pakistan’s tax reform program as moderately satisfactory but flagged substantial risks to its implementation, including
ProPakistani
Bank rally helps Australia shares weather global equities selloff
Australian shares ended slightly lower on Thursday but recovered from intraday lows as bank stocks rallied after weaker-than-expected jobs data tempered rate hike bets, helping offset pressure from…
Business Recorder
India's palm oil imports in September rose 4.5% month-on-month, trade body says
India’s palm oil imports in September rose 4.5% from August to 817,884 metric tons, the Solvent Extractors’ Association of India (SEA) said on Thursday.
Business Recorder
Azerbaijan says January-September oil output hit 19.9mn tons
BAKU: Azerbaijan’s oil production in January-September amounted to 19.9 million metric tons, the energy ministry said on Thursday. BP produced 11.8 million tons of oil during that period.
Business Recorder
FIA Busts Hawala-Hundi Network Run by Private Bank
The Federal Investigation Agency (FIA) has arrested five people, including a private bank’s branch manager, over an alleged illegal currency
ProPakistani
Egypt needs more work on reducing state footprint in economy, IMF says
BANGKOK: Egypt has made good progress in restoring macroeconomic stability despite a very difficult external environment, but must speed up structural reforms aimed at reducing the footprint of the…
Business Recorder
Italy to raise 0.44% of GDP from financial sector through 2029 to fund budget
ROME: Italy plans to raise 0.44% of gross domestic product from the financial sector to help fund its budget over the 2027-2029 period, a government document showed on Thursday.
Business Recorder
Malaysian palm oil falls on weaker rival oils, export data eyed
JAKARTA: Malaysian palm oil futures eased on Thursday, snapping a three-session rally as weaker rival vegetable oils on the Dalian and Chicago markets weighed on prices, while traders awaited export…
Business Recorder
TSMC reports sixth straight quarter of record profit thanks to AI boom
TAIPEI: TSMC, the world’s largest manufacturer of advanced AI chips, reported a sixth consecutive quarter of record earnings on Thursday, driven by booming infrastructure spending in the tech sector.
Business Recorder





Aurangzeb meets IMF chief, briefs investors on Pakistan’s economy
Finance Minister Muhammad Aurangzeb met International Monetary Fund (IMF) Managing Director Kristalina Georgieva and briefed international investors on Pakistan’s economic stabilisation, fiscal…
Business Recorder
Gold rebounds from one-week low as dollar slips
Gold rose more than 1% on Thursday , rebounding from a one-week low hit in the previous session as the US dollar eased, while investors assessed the likelihood of a Federal Reserve interest rate…
Business Recorder
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