Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > 40/43/9210 > anxious-french-consumers-cut-back-as-election-budget-battles-loom

Anxious French consumers cut back as election, budget battles loom

14+ hour, 52+ min ago   (253+ words) PARIS: A cash-strapped customer split an entrecôte steak with a companion the other day at David Zenouda’s Paris restaurant while others increasingly share starters, skip wine at lunch or opt only for a main course. It’s a sign of the…...

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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

14+ hour, 52+ 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

14+ hour, 52+ 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 > 40/43/9013 > psx-selling-continues-kse-100-sheds-nearly-2600-points

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

2+ day, 7+ 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 > 40/43/9026 > 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, 5+ 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, 5+ 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 > amp > 40438823

Copper rally holds firm even as rising oil threatens growth outlook

3+ day, 6+ hour ago   (277+ words) Copper hovered near record levels on Thursday, with scarce deliverable metal in markets outside the United States continuing to underpin prices, while oil breached $100-a-barrel and investors awaited US inflation data. Benchmark three-month copper on the London Metal Exchange slipped…...

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brecorder.com > news > amp > 40438758

China stocks inch higher as inflation data highlights sector divergence

3+ day, 9+ hour ago   (294+ words) HONG KONG: China stocks edged up while Hong Kong shares were flat on Tuesday as the latest producer and consumer price inflation data highlighted an uneven economic recovery, which weighed on market sentiment. At the close, China’s blue-chip CSI300 Index and…...

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brecorder.com > news > 40/43/7974 > dollar-gains

Dollar gains - Markets

1+ week, 1+ 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, 5+ 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…...