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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
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 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 RecorderMalaysian 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 RecorderTSMC 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 RecorderGold 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
UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports
UBS is preparing contingency plans that could include moving its headquarters out of Switzerland if lawmakers tighten the bank’s capital requirements, the Wall Street Journal reported on…
Business Recorder
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