Inflation, Moscow-Kyiv tension keep gold up for second week on February 14, 2022Gold price surged for the second consecutive week to nearly two-month high on the back of Russia-Ukraine tension and inflation. Gold futures closed the week on a bullish note in the international market at $1,859 per ounce, with a massive $32.40 (+1.77 percent) gain only in the last session. The price of 10 grams of […]
Bitcoin hits $42,580 as cryptos’ cap reclaims $2t mark on February 14, 2022The cryptocurrency market bounced back on Sunday, with the market capitalisation gaining one percent to reclaim the $2 trillion mark. As of 1240 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price gained 0.68 percent to reach $42,580. With this increase in price, the market capitalisation of the biggest crypto has reached $806 billion. Bitcoin gained […]
Google agrees competition, privacy pledge over online ads on February 13, 2022Britain on Friday said it had accepted changes proposed by Google to address competition and customer privacy concerns linked to online advertising, with the US tech giant vowing to apply them globally. “The commitments we have obtained from Google will promote competition, help to protect the ability of online publishers to raise money through advertising […]
Gold skids to Rs102,700 per 10g on February 12, 2022Gold prices inched up after going down in early session amid retreating US bond yields and a weaker dollar. As of 1325 hours GMT, gold in the international market was available at $1,828.30 per ounce, gaining $1.70. The price of 10 grams of yellow metal in Pakistan, meanwhile, decreased to Rs102,700 after shedding Rs700. Gold […]
Bitcoin slips to $43,648 as cryptos tumble on February 12, 2022The cryptocurrency market tumbled on Friday, with the market capitalisation going 4.1 percent down to $2.06 trillion. As of 1300 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price shed 2.74 percent to reach $43,648. With this decrease in price, the market capitalisation of the biggest crypto has reached $826 billion. Bitcoin gained 17.5 percent during […]
Pakistani exporters should explore untapped UK markets: Chairman UPBC on February 11, 2022It is high time, Pakistani exporters should fully explore the untapped markets of the United Kingdom by exporting international standard branded products, as the UK is currently Pakistan’s third largest source of foreign direct investment after the US and China. Chairman UK-Pakistan Business Council (UPBC) Mian Kashif Ashfaq made this remarks on Thursday, while talking […]
Asian markets swing as crucial US inflation data looms on February 11, 2022Asian investors moved tentatively on Thursday as they jostle ahead of the release of US inflation data later in the day that could have a huge bearing on the Federal Reserve’s rate hike plans. A broadly positive week for global equities continued on Wednesday thanks to some healthy earnings results, the further reopening of economies […]
Germany’s trade surplus fell in 2021 on supply woes on February 10, 2022Germany’s trade surplus narrowed for the fifth year in a row in 2021, official data showed on Wednesday, as a global supply crunch hampered exports, including in its key auto sector. The trade balance of the Europe’s biggest economy showed a surplus of 173.3 billion euros ($197.9 billion) last year, down from 180.4 billion euros […]
Peloton shares jump on reports of possible Amazon deal on February 6, 2022Shares in at-home fitness company Peloton jumped Friday evening in extended trading on Wall Street amid reports of the company’s potential takeover by e-commerce giant Amazon. Shortly before 8:00 pm (0100 GMT), Peloton shares surged 26.42 percent, to $31.10. Several American media reported on Amazon’s interest in Peloton, which has struggled to maintain growth amid […]
US stocks end week on positive note on February 6, 2022Wall Street stocks finished mostly higher Friday as markets weighed a surprisingly good US jobs report that raised expectations for aggressive tightening in monetary policy. The United States added an unexpectedly robust 467,000 jobs in January, according to Labor Department data that also significantly raised job figures for November and December. While the report suggests […]