PSX lands in red as KSE-Index sheds 629 pointsPakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 &...
Global economic confidence rises in Q1 but still points to economic slowdownGlobal economic confidence remained low in Q1 2019, despite rising for the first time in a year, finds the latest Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certi...
Japanese exports fall due to weak China demand, heaping pressure on economyJapan’s exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand is likely to have knocked first quarter economic...
China’s economic growth steady amid tariff fight with USChina’s economic growth held steady in the latest quarter despite a tariff war with Washington, in a reassuring sign that Beijing’s efforts to reverse a slowdown might be gaining traction. The world’s...
Intel withdraws from 5G smartphone modem businessUS electronics giant Intel said Tuesday it was withdrawing from the 5G smartphone modem business, hours after Apple and American microchip manufacturer Qualcomm announced they had clinched an agreemen...
Oil prices rise for a second day on signs of strong China demandOil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil i...
UK conservative party chairman visits PakistanThe Right Honourable Brandon Lewis MP, British Cabinet Minister & Chairman of the UK Conservative Party visited Islamabad at the invitation of Chairman of the Bestway Group, Sir Anwar Pervez CBE H...
UK venture capitalists keen to invest in tourism and real estateA twenty member UK-Pakistan Chamber of Commerce & Industry (UKPCCI) delegation paid a visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Tuesday. The delegation led by Muhamma...
Oil slips to $71, hit by talk of higher OPEC+ productionBrent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher US inventories and concern about Russia's willingness to stick with OPEC-led supply cuts. Analysts on average e...
Swiss to support Belt and Road push during president’s China tripSwitzerland will sign an accord backing China's Belt and Road Initiative when President Ueli Maurer visits China this month, cementing ties with a major trading partner as other Western countries view...