Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > 40/43/9223 > copper-on-track-for-first-weekly-dip-since-june-on-us-tariff-doubts

Copper on track for first weekly dip since June on US tariff doubts

16+ hour, 38+ min ago   (333+ words) LONDON: Copper prices were headed for their first weekly drop since June, even as they steadied on Friday following a steep fall in the previous session after Reuters reported that the White House had not made a decision on imposing…...

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brecorder.com > news > amp > 40439211

Gasoline likely to boost US consumer prices

16+ hour, 38+ min ago   (365+ words) WASHINGTON: US consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week. The Labor Department’s Consumer Price…...

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brecorder.com > news > 40/43/9026 > copper-set-to-snap-10-week-winning-streak-on-white-house-tariff-hesitation

Copper set to snap 10-week winning streak on White House tariff hesitation

2+ day, 7+ hour ago   (332+ words) Copper was set to snap a 10-week winning streak, despite a marginal Friday rise, after Reuters reported that the White House had yet to decide on refined copper tariffs, triggering a sharp drop from record highs. Three-month copper on the…...

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brecorder.com > news > 40/43/9036 > australian-dollar-suffers-setback-yields-spike-to-15-year-peak

Australian dollar suffers setback, yields spike to 15-year peak

2+ day, 7+ hour ago   (361+ words) SYDNEY: The Australian and New Zealand dollars came under pressure on Friday as a spike in oil prices slugged risk assets and convinced investors that more rate hikes were now inevitable globally. Fears of higher-for-longer inflation led markets to price…...

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brecorder.com > news > 40433577

Copper scales highest since mid-May as US inventory builds up amid tariff uncertainty

1+ mon, 1+ week ago   (384+ words) Copper rose to a fresh 12-week high on Thursday as tariff uncertainty continued to pull greater quantities of the metal into the United States. Benchmark three-month copper on the LME nudged 0.08% lower at $14,099.50 a metric ton as of 0325 GMT, after…...

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brecorder.com > news > amp > 40433319

Gold steady, awaiting clarity on Fed rates policy

1+ mon, 1+ week ago   (341+ words) NEW YORK: Gold prices were steady on Tuesday as investors grappled with uncertainty over the Federal Reserve’s interest-rate path and monitored ongoing developments in the Middle East for signs of a diplomatic resolution to the Iran war. Spot gold was…...

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brecorder.com > news > 40/43/2042 > gold-climbs-as-us-iran-truce-pressures-oil

Gold climbs as US-Iran truce pressures oil

1+ mon, 2+ week ago   (279+ words) NEW YORK: Gold prices climbed on Monday as a pause in strikes between the United States and Iranian forces dragged crude oil prices lower, helping ease inflation concerns and worries about the risk of higher interest rates in a week…...

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brecorder.com > news > 40429419

Kiwi hits three-week high on rate hike bets, Aussie laggard

2+ mon, 3+ day ago   (305+ words) SYDNEY: The kiwi dollar hit a three-week high on Friday as markets wagered policy tightening in New Zealand has further to run, which helped extend its out performance of the Aussie to a second straight week. The kiwi climbed 0.4% on…...

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brecorder.com > news > amp > 40425610

Australia, NZ dollars gain as Iran deal done, bonds rally as inflation fears ebb

2+ mon, 4+ week ago   (401+ words) SYDNEY: The Australian and New Zealand dollars jumped on Monday as a Gulf peace deal led to oil prices slipping and stocks soaring, while domestic bonds rallied as inflation fears ebbed, easing pressure on global central banks. The Reserve Bank…...

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Budget strategy: Business community seeks end to ad-hoc adjustments

3+ mon, 2+ week ago   (252+ words) KARACHI: Mian Zahid Hussain, president Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, chairman National Business Group Pakistan and chairman Policy Advisory Board FPCCI has urged the federal government to steer clear of ad-hoc fiscal tweaks and heavy-handed taxation…...