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Japan's Nikkei plunges as tech stocks hammered by AI, rate hike worries
TOKYO: Japan’s Nikkei share average tumbled nearly 5% on Thursday, with tech stocks hit hard by media reports about distressed debt at US cloud-computing provider CoreWeave, while hot US inflation…
Business Recorder
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 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
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 RecorderItaly 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 RecorderAurangzeb 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
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