WASHINGTON: The US Supreme Court on Friday struck down President Donald Trump sweeping import tariffs, prompting a muted rally in global stock markets while stoking concerns among investors about government finances and rising bond yields. Read More: US Supreme Court questions Trump’s global tariff powers The court upheld a lower court ruling that Trump exceeded his authority under a 1977 […]
bond yields
Takaichi party poised for landslide in Japan’s lower house election
TOKYO: Japanese Prime Minister Sanae Takaichi ruling party is on track for a commanding victory in next week’s lower house election, according to a survey conducted by the Asahi newspaper, boosting her mandate for expansionary fiscal policies. Read More: PM Takaichi calls snap election in Japan The poll, released Sunday, indicates Takaichi’s Liberal Democratic Party (LDP) is likely to […]
Govt trims PIB yields amid strong demand
KARACHI: The government on Wednesday raised Rs546 billion through the sale of long-term Pakistan Investment Bonds (PIB) while sharply reducing cut-off yields by up to 70 basis points, pointing to expectations of lower interest rates ahead. Strong participation kept the borrowing within the Rs450bn auction target, although the government also secured additional sums through non-competitive […]