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US military weighs use of ‘mother of all bombs’ in potential future strikes on Iran, CNN says
The US military has developed strike plans that could include using the GBU-43/B Massive Ordnance Air Blast Bomb, also known as the “mother of all bombs”, against Iranian energy infrastructure and…
Business RecorderIMF vows continued support for Sri Lanka
Sri Lanka’s macroeconomic situation is “much improved,” with its fiscal performance very strong and debt restructuring largely complete, Jain-Chandra said in a press conference during the IMF…
Business RecorderBull Markets That Last 4 Years Typically Last 5
Investing.comChina stocks fall, led by tech, as US inflation stokes Fed fears
SHANGHAI: China stocks fell on Thursday , tracking broad weakness in global markets, as technology shares led declines after stronger-than-expected US inflation data fueled concerns that interest…
Business RecorderChina's yuan gains as Fed rate caution knocks dollar from 18-month high
SHANGHAI: China’s yuan inched higher against the dollar on Thursday after the US currency slipped from an 18-month peak as Federal Reserve officials cautioned about chances for a hike in interest…
Business RecorderChicago soybeans fall on active harvests despite China buying demand
BEIJING: Chicago Board of Trade soybean futures extended a decline on Thursday as active harvesting in the US Midwest supported supplies, although losses were limited by a resumption of Chinese…
Business Recorder
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
ProPakistaniBank 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 RecorderAzerbaijan 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 RecorderFIA 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
ProPakistaniVolkswagen Turns to US for Growth
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