Latest News on Business, Finance and Markets from Pakistan

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News


brecorder.com > news > amp > 40439373

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

15+ hour, 29+ min ago   (654+ words) The dollar holds steady while the yen gains ahead of pivotal central bank rate decisions, as Mideast tensions drive oil prices and influence global monetary policy. SINGAPORE: The dollar was steady on Monday, ​with the yen holding on to its…...


brecorder.com > news > 40/43/9377 > samsung-sk-hynix-reject-kepcos-19-billion-power-prepayment-proposal-document-shows

Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows

15+ hour, 14+ min ago   (200+ words) Samsung and SK Hynix rejected KEPCO's $18.7 billion upfront payment proposal for power infrastructure, citing uncertainty in long-term semiconductor demand for new mega clusters. SEOUL: Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric ​Power Corp to make…...


brecorder.com > news > 40/43/9372 > oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-hormuz

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

15+ hour, 35+ min ago   (431+ words) Oil prices surged over 2% due to Houthi strikes, Iranian attacks on ships, and the closure of a key Saudi pipeline, intensifying global supply concerns. BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and…...


brecorder.com > news > amp > 40439317

Australian shares slump to two-month low as miners fall

18+ hour, 20+ min ago   (282+ words) SYDNEY: Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge. The benchmark…...


brecorder.com > news > amp > 40439212

Japan???s wholesale inflation stays elevated in Aug, boosts case for rate hike

1+ day, 20+ hour ago   (300+ words) TOKYO: Japan’s wholesale inflation remained elevated in August, data showed on Friday, highlighting mounting price pressures that cement the case for the central bank to raise interest rates this month. The data follows recent hawkish communication from the Bank of…...


brecorder.com > news > amp > 40439217

French economy not in danger but deficit must be cut, central bank chief says

1+ day, 20+ hour ago   (123+ words) Business Recorder PARIS: French central bank chief Emmanuel Moulin said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country’s public deficit. Moulin was speaking after INSEE revised its economic forecast…...


brecorder.com > news > 40/43/9265 > speculators-turn-net-long-on-yen-for-first-time-since-february

Speculators turn net long on yen for first time since February

1+ day, 13+ hour ago   (200+ words) Speculators have turned net long on the yen for the first time since February, signaling growing confidence in the currency amidst expectations of Bank of Japan rate hikes. TOKYO: Speculators turned to a net long position on the yen for…...


brecorder.com > news > 40/43/9009 > dollar-holds-gains-yen-slips-as-mideast-energy-shock-deepens

Dollar holds gains, yen slips as Mideast energy shock deepens

3+ day, 15+ hour ago   (535+ words) The dollar strengthened and yen slipped amid Middle East energy disruption fears, driving up oil prices and bond yields, while markets anticipate a Fed rate hike. SINGAPORE: The dollar held near its highest ​levels of the past week and the…...


brecorder.com > news > amp > 40438013

Oil slides, heads for weekly gain

1+ week, 2+ day ago   (523+ words) Oil prices surged over 6% this week due to escalating US-Iran military exchanges and Middle East tensions, driving US diesel prices to record highs and fueling global inflation concerns. HOUSTON: Oil prices slid on Friday but were on course to gain…...


brecorder.com > news > amp > 40436396

Oil drops more than USD2

2+ week, 6+ day ago   (493+ words) NEW YORK: Oil prices slipped more than USD 2 a barrel on Monday as investors took profits after recent gains and shrugged off new US sanctions on Iran. Brent crude futures settled down USD 2.22, or 2.35%, to USD 92.17, while US West Texas…...