Results for “Market” (149)

Syeda Mubeena Hashmi Posted in Uncategorized

1 week ago

Commercial Market Work Disrupts Visitors and Traders

Incomplete work on Rawalpindi’s Commercial Market pedestrian street is causing traffic, parking and access problems for visitors and traders. Construction was halted last month due to rains and has yet to resume. Traders say customers are avoiding the market because of dug-up roads and dust. RMC officials said over 75% of the project is complete and the remaining work should take another month. Read More…

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Alina Hashmi Posted in World

3 weeks ago

Saudi shares fall following attack on East-West oil pipeline

Saudi Arabian shares have slipped as markets react to the drone attack on the East-West pipeline. Riyadh’s benchmark index TASI dropped 1 percent during early trading on Sunday, pulled down by a 0.8 percent decline in Alrajhi Bank and a 2.4 percent drop in Saudi Arabian Mining Company, Reuters reported. Read More…

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Syeda Mubeena Hashmi Posted in Business

1 month ago

Bitcoin and global stocks rebound amid market uncertainty

NEW YORK: Bitcoin and global stocks recovered some recent losses on Friday as investors assessed US efforts to ease long-term borrowing costs. Bond yields remained steady while oil prices rose amid a US-Iran deadlock over reopening the Strait of Hormuz. Bitcoin surged more than 6% to around $77,188, its highest level since May, supported by increased liquidity and Donald Trump’s push for crypto legislation. Investors, however, remained concerned about inflation and rising government debt. Read More…

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Alina Hashmi Posted in World

4 months ago

Mexico cuts interest rates amid war fears driven by US-Israel conflict

Mexico’s central bank has cut its benchmark interest rate following a split vote, as uncertainty from the US-Israel war on Iran continues to rattle global markets. Minutes from the Bank of Mexico’s May meeting showed a 3-2 decision, with policymakers warning the conflict is pushing up inflation risks. All five members flagged the war as a source of upward pressure on prices, though most said the direct impact on Mexico remains limited. Read More…

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Hafsa Mustafa Posted in Business

4 months ago

Pakistan debuts in Chinese market with $250m Panda Bond

Pakistan on Thursday issued its first-ever Panda Bond in China’s onshore capital market, Adviser to the Finance Minister Khurram Schehzad announced. "The inaugural Panda Bond is a 3-year fixed-rate instrument, making it Pakistan’s first-ever RMB-denominated sovereign issuance in China’s onshore capital market,” Schehzad wrote in a post on X. Read More…

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Alina Hashmi Posted in World

4 months ago

Israel’s central bank not in rush to intervene in foreign exchange: Deputy governor

Israel’s central bank is not rushing to intervene in the foreign exchange market to curb a strong shekel, Deputy Governor Andrew Abir told Reuters. Abir said the currency is helping contain inflation, but markets appear too optimistic about the geopolitical outlook. The dollar-shekel is around 2.90, its lowest since 1993. Read More…

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Alina Hashmi Posted in World

5 months ago

Kremlin says US blockade of Strait of Hormuz will be bad for markets

The ⁠Kremlin has criticised an announcement by Trump that the US would blockade ⁠the Strait of Hormuz, saying it would hurt global markets. The US military ‌said it would block shipping traffic in and out of Iran’s ports starting at 10am Washington, DC, time (14:00 ⁠GMT) today, a ⁠move that would prevent roughly 2 million barrels of Iranian ⁠oil a day from ⁠entering the ⁠world market, further tightening global supplies. Kremlin spokesman Dmitry Peskov said ‌many aspects of Trump’s order remained unclear. Read More…

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Hafsa Mustafa Posted in World

6 months ago

Russia drone strike on market in Ukraine kills five, wounds 19

A Russian drone has hit a covered market in the eastern Ukrainian city of Nikopol, killing five people and wounding 19, officials have said, as Moscow pressed on with intensified daytime attacks. The market, in Nikopol in the Dnipropetrovsk region, was hit at 09:50 AM (0650 GMT) on Saturday, the local prosecutor's office said. Regional governor, Oleksandr Ganja, said in a Telegram post that three women and two men were killed. Read More…

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Hafsa Mustafa Posted in Politics

6 months ago

Islamabad inks 'historic' carbon market deal with Oslo under Paris Agreement

Pakistan signed its first bilateral carbon market agreement under the Paris Agreement with Norway, marking a step towards attracting climate finance, according to an official statement issued on Wednesday. The memorandum of understanding (MoU), signed under the Ministry of Climate Change and Environmental Coordination, will enable Pakistan to develop carbon credit projects and transfer emission reductions to Norway. Minister for Climate Change and Environmental Coordination Musadik Malik described the agreement as a "historic milestone". Read More…

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Alina Hashmi Posted in World

6 months ago

Trump comments ‘cloud the picture’ on future course of Iran war

Clouding the picture might be the most accurate description of what happened with President Trump’s latest comments on Monday about the course of the war on Iran. The oil markets internationally were skyrocketing and consumers were seeing a similar rapid jump in fuel prices. There was concern that this could have an economic impact that the administration might not have anticipated. The president first indicated that the war was essentially over and may have been over in the last couple of days. Read More…

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