Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > 40/43/9161 > market-expects-status-quo-as-mpc-meets-today

Market expects status quo as MPC meets today

4+ hour, 22+ min ago   (438+ words) The State Bank of Pakistan's Monetary Policy Committee is widely expected to maintain the policy rate at 11.5% today, balancing inflation concerns with improving external buffers. The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) is expected to meet today…...

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brecorder.com > news > amp > 40439318

Sterling climbs after UK growth beats expectations

9+ hour, 27+ min ago   (313+ words) LONDON: The pound rose slightly on Friday after data showed UK growth beat expectations in July, continuing a string of relatively upbeat readings for the British economy. British gross domestic product grew 0.4 percent in July, figures from the Office for…...

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brecorder.com > news > 40/43/9315 > latam-stocks-fx-fall-as-us-rate-hike-bets-weigh

LatAm stocks, FX fall as US rate hike bets weigh

9+ hour, 27+ min ago   (426+ words) BRASILIA: Latin American stocks and currencies fell on Friday amid fresh concerns over Brazil’s presidential election outlook and mounting expectations of a US interest-rate hike after stronger-than-expected inflation data. MSCI’s gauge of Latin American stocks dropped 1 percent and was on…...

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brecorder.com > news > 40439294

Ahead of Fed meeting, Trump says US should have world's lowest interest rate

16+ hour, 45+ min ago   (341+ words) President Trump asserted the US should have the world's lowest interest rates, pressuring the Federal Reserve ahead of its policy meeting despite inflation data suggesting a rate hike. DOONBEG: No country should have lower interest rates than the US, President…...

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brecorder.com > news > amp > 40439211

Gasoline likely to boost US consumer prices

1+ day, 11+ hour 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 > 40/43/9013 > psx-selling-continues-kse-100-sheds-nearly-2600-points

PSX: Selling continues, KSE-100 sheds nearly 2,600 points

3+ day, 4+ hour ago   (366+ words) The Pakistan Stock Exchange's KSE-100 Index fell over 1% amid escalating geopolitical tensions and surging oil prices, reflecting broader global market declines and inflation fears. Selling pressure continued at the Pakistan Stock Exchange (PSX) amid escalating geopolitical tensions, with the benchmark…...

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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

3+ day, 2+ 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 > 40/43/7974 > dollar-gains

Dollar gains - Markets

1+ week, 2+ day ago   (241+ words) NEW YORK: The dollar jumped on Friday after data showed that US employers added 162,000 jobs in August, well above the 56,000 additions expected by economists, boosting bets on a September Federal Reserve interest rate hike, but then pared much of the…...

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brecorder.com > news > amp > 40437319

Dollar slips ahead of US jobs data

1+ week, 6+ day ago   (493+ words) NEW YORK: The dollar edged lower on Monday as traders waited on key US jobs data due later this week, after hawkish remarks from Federal Reserve Chairman Kevin Warsh on Friday renewed bets on a September interest rate hike. Traders…...

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LatAm assets rally as weaker dollar, commodities fuel weekly gains

3+ week, 10+ hour ago   (224+ words) BRASILIA: Latin American stocks were set for their strongest week in two months and currencies for their biggest weekly gain in more than four months, as persistent US dollar weakness and higher commodity prices buoyed demand for regional assets. The…...