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IMF 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 RecorderChina 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
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
ProPakistaniSouth 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 RecorderWorld 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
ProPakistaniIndia'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 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
ProPakistaniEgypt 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
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