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Bitcoin hits highest in more than two years

LONDON: Bitcoin rose by 4% to $49,477.75 on Monday, its highest since December 2021. The cryptocurrency has risen some 15.7% so far this year, helped...

13.02.2024 10

Dawn Business

Reuters

Oil rises 6pc in a week

LONDON: Oil prices were on track for gains of six per cent on a week-on-week basis amid persistent tensions in the Middle East after Israel rejected a...

10.02.2024 10

Dawn Business

Reuters

US, UK shipping companies hit by soaring Red Sea insurance

LONDON: War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50 per cent for ships transiting the Red...

08.02.2024 10

Dawn Business

Reuters

Oil gains after Opec+ maintains output cuts

SINGAPORE: Oil prices rose on Friday following a decision by Opec to keep its oil output policy unchanged, although benchmarks were headed for weekly...

03.02.2024 10

Dawn Business

Reuters

‘Job 98pc done’: Caretaker govt seals plan to sell national carrier

The caretaker government is making binding plans for the new set-up to sell loss-making Pakistan International Airlines (PIA), according to the...

02.02.2024 10

Dawn Business

Reuters

Oil rises on tight supply concerns

HOUSTON: Oil prices rose about two per cent on Monday as traders weighed the impact of wars in the Middle East and Ukraine and extreme cold weather...

23.01.2024 20

Dawn Business

Reuters

Hungary finance minister says inflation sensitive to global economic shocks

BUDAPEST: Hungary’s finance minister on Saturday warned against complacency despite a sharp fall in the European Union’s highest inflation rate,...

21.01.2024 20

Dawn Business

Reuters

Ford to cut EV production

NEW YORK: US auto giant Ford said on Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for...

20.01.2024 10

Dawn Business

Reuters

IMF board okays $600m payout for Ghana

ACCRA: The Interna­tional Monetary Fund’s board approved a first review of Ghana’s loan programme on Friday, allowing for the immediate...

20.01.2024 20

Dawn Business

Reuters

Oil rises on global demand forecasts

LONDON: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group Opec in forecasting strong growth in global oil...

19.01.2024 10

Dawn Business

Reuters

IMF debt dilemma looms after Feb 8 election: ex-SBP governor

The International Monetary Fund (IMF) faces tough choices on how to deal with Pakistan after the February 8 general election and how to assess the...

18.01.2024 10

Dawn Business

Reuters

FED unfazed by presidential barbs, transcripts show

On the surface, Donald Trump’s blistering comments about the Federal Reserve beginning in 2018 seemed a grand breach of protocol for a US president,...

15.01.2024 10

Dawn Business

Reuters

Oil rises 3pc on ME tensions

NEW YORK: Oil prices climbed about three per cent to a two-week high on Thursday after Iran seized an oil tanker off the coast of Oman, raising the...

12.01.2024 10

Dawn Business

Reuters

Japan’s Nikkei closes at 33-year high on tech boost

Japan’s Nikkei share average closed at a 33-year high on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street...

09.01.2024 10

Dawn Business

Reuters

Oil falls on massive build in US inventory

LONDON: Oil prices fell two per cent on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds...

05.01.2024 20

Dawn Business

Reuters

China’s BYD becomes world’s top seller of electric vehicles

BENGALURU: Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost...

04.01.2024 10

Dawn Business

Reuters

Bitcoin price tops $45,000

SINGAPORE: Bitcoin galloped past $45,000 on Tuesday, for the first time since April 2022, as the world’s biggest cryptocurrency started the new year...

03.01.2024 20

Dawn Business

Reuters

Oil prices drop

HOUSTON: Oil prices shed value during the first session of 2024, on the back of interest rate jitters and as concerns eased that tensions in the Red...

03.01.2024 10

Dawn Business

Reuters

Inflation projected to ease to 20-22pc for FY24: SBP

The State Bank of Pakistan (SBP) on Friday said the inflation rate will ease to around 20-22 per cent in the 2024 financial year, according to a...

29.12.2023 70

Dawn Business

Reuters

Oil surges on supply tensions

HOUSTON: Oil jumped three per cent on Tuesday to its highest level this month, as further attacks on ships in the Red Sea prompted fears of shipping...

27.12.2023 20

Dawn Business

Reuters

Apple files appeal against ban on smartwatch

CALIFORNIA: Apple filed an appeal on Tuesday of a decision to ban imports of Apple Watches based on a complaint from medical monitoring technology...

27.12.2023 20

Dawn Business

Reuters

Firms impose extra fees as Red Sea attacks hit global shipping

OSLO: Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to...

23.12.2023 20

Dawn Business

Reuters

World Bank approves $350m in financing to support fiscal, competitive reforms in Pakistan

The World Bank’s board of executive directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy...

20.12.2023 20

Dawn Business

Reuters

Oil surges over 3pc

HOUSTON: Oil rose three per cent on Monday as mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea disrupted...

19.12.2023 10

Dawn Business

Reuters

No plans to ask Pakistan to raise taxes on salaries: IMF

KARACHI: The International Monetary Fund (IMF) resident representative in Pakistan on Friday denied media reports that the lending body is planning to...

16.12.2023 10

Dawn Business

Reuters

Investments must reflect COP28 outcome: International Energy Agency

PARIS: Energy investments should be informed by the COP28 agreement to accelerate the move away from fossil fuels this decade, the head of the...

16.12.2023 20

Dawn Business

Reuters

Fed stands alone as ECB, BoE stick with tight policy

WASHINGTON: The US Federal Reserve was left in a camp of its own on Thursday when a host of Europe’s central banks stuck to plans to keep policy...

15.12.2023 10

Dawn Business

Reuters

Oil jumps over 3pc on demand upgrade

NEW YORK: Oil prices rose more than three per cent on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the...

15.12.2023 20

Dawn Business

Reuters

Oil falls over 3pc

NEW YORK: Oil prices fell more than three per cent on Tuesday, hitting their lowest level in six months amid growing concerns of oversupply and new US...

13.12.2023 8

Dawn Business

Reuters

SBP may leave rate untouched today

KARACHI: Pakistan’s central bank is expected to hold its key rate steady at a fourth straight policy meeting on Tuesday, with inflation forecast to...

12.12.2023 20

Dawn Business

Reuters

India to be third-largest economy by 2030: S&P

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s...

06.12.2023 50

Dawn Business

Reuters

Oil inches lower

NEW YORK: Oil prices were little changed in volatile trade on Tuesday as a stronger US dollar and demand concerns offset supply worries after Russia...

06.12.2023 10

Dawn Business

Reuters

Annual inflation rises to 29.2pc in November

Annual inflation clocked in at 29.2 per cent in November, data from the Pakistan Bureau of Statistics (PBS) showed on Friday, a slight increase from...

01.12.2023 20

Dawn Business

Reuters

Saudi fund extends term for $3bn deposit to Pakistan for another year

The State Bank of Pakistan (SBP) on Wednesday announced that Saudi Arabia had extended the term for a deposit of $3 billion to Pakistan for one more...

29.11.2023 2

Dawn Business

Reuters

Saudi fund extends term for $3bn deposit to Pakistan for 1 year: SBP

The State Bank of Pakistan (SBP) on Wednesday announced that Saudi Arabia had extended the term for a deposit of $3 billion to Pakistan for one more...

29.11.2023 6

Dawn Business

Reuters

Budget crisis shakes industry’s confidence in Germany

FRANKFURT: Germany’s intensifying budget crisis is hitting Europe’s top economy where it hurts most: its reputation as a reliable partner for...

26.11.2023 20

Dawn Business

Reuters

Amazon hit by ‘Black Friday’ strikes in Europe

LONDON: Amazon workers walked out on strike at multiple locations across Europe on Friday in protests against the US e-commerce giant’s working...

25.11.2023 20

Dawn Business

Reuters

Oil extends losses

NEW YORK: Oil prices dipped about one per cent on Thursday, extending losses on expectations that after Opec might not deepen output cuts next year...

24.11.2023 10

Dawn Business

Reuters

Oil falls as Opec+ delays meeting on output cuts

NEW YORK: Oil prices tanked more than two per cent on Wednesday as Opec producers unexpectedly delayed a meeting on production cuts, raising...

23.11.2023 10

Dawn Business

Reuters

Oil climbs over 2pc

HOUSTON: Brent and US crude futures climbed more than 2.5 per cent on Monday as further supply cuts in Opec production are expected to be anno­unced...

21.11.2023 10

Dawn Business

Reuters

US-China thaw crucial to end geo-economic division: IMF chief

SAN FRANCISCO: International Monetary Fund Managing Director Kristalina Georgieva has said this week’s meeting between US President Joe Biden and...

19.11.2023 50

Dawn Business

Reuters

APEC pledges WTO reforms

SAN FRANCISCO: Pacific Rim leaders on Friday pledged support for reform of the World Trade Organisation (WTO) to deliver a free, open, fair,...

19.11.2023 20

Dawn Business

Reuters

President Xi tells US firms China ready to be partner, friend

SAN FRANCISCO: China is ready to be a partner and friend of the United States, and there is plenty of room for bilateral cooperation, President Xi...

17.11.2023 20

Dawn Business

Reuters

Xi tells US firms China ready to be partner, friend

SAN FRANCISCO: China is ready to be a partner and friend of the United States, and there is plenty of room for bilateral cooperation, President Xi...

17.11.2023 20

Dawn Business

Reuters

Oil plunges over 5pc

NEW YORK: Oil prices dropped more than five per cent on Thursday to their lowest in four months, as investors worried about global oil demand...

17.11.2023 10

Dawn Business

Reuters

Pakistan drawing Saudi interest in Reko Diq mine stakes, PM’s adviser says

Saudi Arabia has shown interest in acquiring government stakes in Reko Diq gold and copper mine, an official said on Tuesday, in what would be a major...

14.11.2023 20

Dawn Business

Reuters

PetroChina to replace Exxon in Iraq’s oilfield

BASRA: Iraq has signed a settlement agreement with US energy giant Exxon Mobil Corp to finalise its exit from the West Qurna 1 oilfield and allow...

12.11.2023 30

Dawn Business

Reuters

Moody’s turns negative on US credit rating, draws Washington ire

NEW YORK: Moody’s has lowered its outlook on the US credit rating to “negative” from “stable” citing large fiscal deficits and a decline in...

12.11.2023 10

Dawn Business

Reuters

Oil dives 3pc on demand concerns

BENGALURU: Oil prices fell more than three per cent on Tuesday to their lowest since late July, as mixed Chinese economic data and rising Opec exports...

08.11.2023 8

Dawn Business

Reuters

Oil rises on supply cuts

HOUSTON: Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until...

07.11.2023 10

Dawn Business

Reuters

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