Global equities sank further Wednesday as stronger-than-expected US inflation data sparked fears of a prolonged campaign of Federal Reserve interest rate hikes. London was the heaviest faller in Europe after news that UK inflation slowed last month but held close to a 40-year high. Asia tanked after Wall Street took its worst beating in weeks Tuesday on news of hot US inflation. The dollar edged down in choppy trade, while oil prices were mixed Wednesday. US inflation slowed slightly in August to 8.3 percent, but this trumped market expectations of about eight percent.
Mercuria, a global commodities trading firm headquartered in Geneva, finds its senior executives under scrutiny…
Pakistan Stock Exchange (PSX) remained bullish for the second session in a row on Monday,…
The rupee remained on the back foot against the US dollar in the interbank market…
The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan…
Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per…
Chairman of the Prime Minister Youth’s Programme(PMYP) Rana Mashhood has underscored the success of the…
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