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3 Ways IMF Can Hurt Pakistan
The International Monetary Fund (IMF) wants the government to devalue the Pakistani Rupee (PKR) so fuel prices increase and inflation
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CM Afridi shares 7-point negotiations draft as govt disputes document
Khyber Pakhtunkhwa Chief Minister Sohail Afridi has said the demands presented by his side during negotiations with the federal government were neither unconstitutional nor illegal, while Interior…
Business RecorderSouth Korean president orders probe into data leaks across financial industry
SEOUL: South Korean President Lee Jae Myung ordered a thorough investigation and response measures over recent personal data leak incidents at banks, finance companies and public agencies, Seoul’s…
Business Recorder
Tesla's Cybercab faces a tough test after rocky Austin debut: Here's why
Tesla’s Cybercab faces a tough test after rocky Austin debut: Here's whyTesla’s Cybercab faced significant challenges during its first month of operations in Austin, fueling concerns over the…
The News
IMF shares first MEFP draft with Pakistan ahead of staff-level agreement talks
The International Monetary Fund logo is seen outside the headquarters building in Washington, US, September 4, 2018.— ReutersIMF flags Rs1,675bn power-sector circular debt breach.Fund seeks higher…
Geo NewsUAE stocks fall as US-Iran deadlock weighs
United Arab Emirates stock markets closed lower on Friday as a stalemate in US-Iran negotiations dampened risk appetite and unsettled energy markets.
Business RecorderSri Lankan shares close lower
Sri Lankan shares closed lower on Friday, and slipped for the week. The CSE All Share index settled down 0.33% at 20,812.64, and fell 1.07% over the week.
Business RecorderTrump pushes South Korea on Alaska LNG deal: Why Seoul is hesitant
South Korea is adopting a conservative approach to the long-planned Alaska liquefied natural gas project despite Donald Trump…
The NewsCopper crawls higher on softer dollar, but investors wary about demand
LONDON: Copper prices edged higher on Friday, supported by a weaker dollar and supply issues, but gains were modest due to worries about high oil prices hitting demand.
Business RecorderTax paid with returns declines despite 45% rise in number of filers
This representational image shows a man using a calculator. — APP/File7,953 companies filed returns till Sept 30: FBR.Total tax paid with returns stands at Rs77.3bn.
Geo NewsAustralian shares rebound from three-month low, remain on track for weekly loss
Australian shares rose on Friday, recovering from a more than three-month low hit in the previous session as banks, energy stocks and easing bond yields lifted the benchmark, although it remained on…
Business RecorderAustralia, New Zealand dollars at multi-month lows as yields buffers shrink
SYDNEY: The Australian and New Zealand dollars were pinned around multi-month lows on Friday as the greenback extended its bull run through major chart levels, while bonds found some relief from a…
Business RecorderJapan's Nikkei retreats from 6-week high as investors lock in gains
TOKYO: Japan’s Nikkei 225 retreated from a 6-week high on Friday as investors locked in gains and turned cautious over the outlook for interest rates, inflation, and geopolitical risks.
Business RecorderAmazon seeks to offload $8 billion of Nvidia chips to investors, FT reports
Amazon is seeking to offload about $8 billion of advanced Nvidia chips to investors through a new vehicle to strengthen its balance sheet, the Financial Times reported on Friday, citing people…
Business RecorderHong Kong stocks fall as surging bond yields, higher oil prices weigh
HONG KONG: Hong Kong stocks dropped on the first trading day of October, as the 10-year US Treasury yield hitting a more-than-two-decade high and rising oil prices dampened investor appetite for…
Business RecorderPalm hits 13-week low, on track for second straight weekly loss
JAKARTA: Malaysian palm oil futures were on course for a second straight weekly fall on Friday, with prices declining for a sixth straight session to their lowest in 13 weeks, on weak export data…
Business Recorder
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