PSX Index increases 4% WoW on UAE aid packageThe KSE-100 index received an adrenaline rush past week from the US$6.2 billion package to be received from UAE to Pakistan, following the Crown Prince of Abu Dhabi's visit to the country. Further inv...
Zimbabwe plans new currency as dollar shortage bitesZimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of US dollars plunges the financial system into disarray, forcing businesses to close a...
China’s premier says tax cuts support employment, economic stabilityChina's plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country's tax base over the long term, Premier Li Keqiang was quoted...
Take Five – May Day, May Day! World markets themes for the week aheadFollowing are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1. Brexit May day With less than 80 days to go until Brit...
US official rules out further waivers on Iran oil importsThe United States will grant no more waivers for Iranian oil after the reimposition of US sanctions, the US special representative for Iran said on Saturday, underlining Washington's push to choke off...
If US again risks default, Fed has ‘loathsome’ playbookShould political deadlock in Washington again bring the world's biggest economy to the brink of a debt default, the US central bank has a playbook that includes options one policymaker once labelled "...