Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > amp > 40438758

China stocks inch higher as inflation data highlights sector divergence

3+ day, 15+ 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 > 40/43/2042 > 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 > 40430313

India bonds could gain at open as Treasury yields soften further

1+ mon, 4+ week ago   (315+ words) MUMBAI: Indian government bonds are likely to rise marginally in early deals on Thursday, tracking declines in Treasury yields and as oil prices stay flattish despite escalating hostilities in the Middle East. The benchmark 6.94% 2036 bond yield is expected to move…...

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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 > 40429244

South African rand firms ahead of key manufacturing data

2+ mon, 4+ day ago   (173+ words) JOHANNESBURG: The South African rand firmed in early trade on Thursday ahead ​of local manufacturing production data due ‌later in the session, even as oil prices rose and the dollar remained firm following renewed US-Iran ​tensions. At 0624 GMT, the rand…...

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brecorder.com > news > amp > 40423635

Central bank hand contains Indian rupee's fall, shrinks dollar-rupee forward premiums

3+ mon, 1+ week ago   (370+ words) The Indian rupee fell against the dollar due to importer hedging, foreign outflows, and central bank intervention. The RBI's dollar-selling prevented steeper losses amid persistent pressure from weak capital flows. MUMBAI: The Indian rupee and dollar-rupee forward premiums fell on…...

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brecorder.com > news > 40423064

China stocks mixed as semiconductors drag, Lenovo helps Hong Kong rebound

3+ mon, 2+ week ago   (237+ words) HONG KONG: China stocks struggled for direction on Friday as investors booked some profits from hot semiconductors sectors, while Lenovo Group helped Hong Kong shares rise for the first time in four sessions. China’s blue-chip CSI300 Index was largely flat by…...

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brecorder.com > news > 40/42/1053 > us-dollar-rises-as-inflation-jumps

US dollar rises as inflation jumps

3+ mon, 4+ week ago   (532+ words) NEW YORK: The dollar gained on Wednesday after hitting a two-week high following the latest hot US inflation reading, with markets focusing on the talks set to begin in Beijing between President Donald Trump and China’s President Xi Jinping. The…...

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brecorder.com > news > amp > 40421004

US stocks dip after inflation data tops estimates

4+ mon, 1+ hour ago   (215+ words) NEW YORK: Wall Street stocks dipped early Wednesday as markets digested sharply higher inflation data while President Donald Trump landed in Beijing for a summit with Chinese leader Xi Jinping. Wholesale prices rose 6.0 percent for the 12 months ending in April,…...

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brecorder.com > news > amp > 40412151

Long war may undercut global economy, analysts warn

5+ mon, 3+ week ago   (561+ words) PARIS: Almost three weeks into the Middle East war, analysts fear that a long-drawn out conflict and the associated disruption to oil trade may undermine the global economy. Economists are contemplating a gloomy combination of prices rising across the board…...