Gold prices extended losses on Thursday, hovering near the more-than-seven-month low hit a day earlier, as the dollar held firm on rising expectations of Federal Reserve interest rate hikes. Spot gold was down 0.4% at $3,985.89 per ounce, as of 0043 GMT, after hitting its lowest level since November 2025 on Wednesday. US gold futures […]
FED
US banks reward shareholders after Fed greenlight
Some of the United States’ biggest banks announced Monday they would pay tens of billions of dollars to shareholders in dividend increases and stock buybacks after getting the go-ahead from the Federal Reserve. The Fed lifted some Covid-era restrictions on banks last week as they proved able to successfully weather changing economic circumstances. In response, […]
Asian, European markets boosted by rising recovery optimism
Hong Kong: Asian and European markets mostly rose Friday to end a broadly upbeat week, with traders welcoming another forecast-beating reading on US jobless claims that reinforced optimism about the recovery in the world’s top economy. There was also some cheer from reports that President Joe Biden is planning a $6 trillion budget proposal […]
Asian markets rally as inflation fears ease, oil extends gains
Easing inflation concerns helped push equities higher in Asia on Tuesday, tracking a healthy rally on Wall Street, with traders taking heart from the global economic recovery outlook, while oil prices extended gains as Iran tempered optimism over its nuclear deal. Bitcoin also held gains after another wild day, thanks to another supportive tweet from […]
US Fed leans toward a cut, but don’t expect one this week
As President Donald Trump’s trade wars drag on, and the global economy weakens, the US Federal Reserve is inching closer to its first interest rate cut in more than a decade. But investors hoping to see the benchmark lending rate begin to drop this week are almost certain to be disappointed. After preaching patience and […]
Cement bag expensive by Rs25 from July due to Rs100 FED in budget
As the government has increased Federal Excise Duty on cement to Rs.100 per 50kg bag from Rs.75 in the budget 2019-20, the prices of cement bag are going to rise further from July in the range of Rs25-35 per 50kg bag. Industry experts said that like other things, construction material is also going to get […]
Indus Motor announces financial results
The Quarterly Board Meeting of Indus Motor Company Ltd. for the quarter and nine months ended 31st March FY 2018-19 was held on April 26, 2019. The company’s combined sales of CKD & CBU vehicles for the nine months period ended March 31, 2019, increased by 7%, to 50,181 units as against 47,103 units sold […]
Govt has no intention to remove FED for cars 1700cc and above
There is fake news in the market about the removal of the 10% federal excise duty (FED) on all cars above 1700cc. Our sources confirmed that there is no such intention by the Government or the FBR on the removal of 10% FED. Local cars that have an engine displacement of 1700cc and above will […]