Wednesday, December 2, 2020

UK economy extends recovery from COVID crash, growth seen fading

LONDON: Britain’s economy recovered half of its COVID-19 crash by the end of July, helped by pubs and restaurants reopening from lockdown, but the...

Pakistan, UAE anti-money laundering MoU to help meet FATF conditions

Pakistan’s envoy in the United Arab Emirates Ghulam Dastagir has said that the recently signed Memorandum of Understanding (MoU) between the two countries to...

Tech rout roils Asian shares, oil futures extend slump

TOKYO/NEW YORK: Asian shares fell on Wednesday and oil prices hit lows not seen since June after a rout of technology shares sank Wall...

WB’s ICSID considering Pakistan’s appeal to reverse $6bn penalty in Reko Diq case

The World Bank’s International Center for Settlement of Investment Disputes (ICSID) is considering Pakistan’s request to annul the 2019 ruling in favor of Tethyan...

Bank of England says regulators must keep ahead of stablecoins

LONDON: Financial regulators must avoid playing catch up with digital payment methods like stablecoins and crypto-assets, Bank of England Governor Andrew Bailey said on...

Asian shares firm on U.S. stimulus hopes, upbeat China data

SYDNEY: Asian equities started strong on Thursday as a sustained recovery in China’s services sector and the prospect of additional U.S. stimulus whetted risk...

Stocks gain on brisk U.S. manufacturing survey, stimulus hopes

TOKYO/NEW YORK: Asian shares inched up on Wednesday following buoyant U.S. manufacturing indicators and a rally in U.S. tech shares, with investors also expecting...

PSX operates normally despite heavy rains

KARACHI: As the metropolis underwent its fifth spell of heavy downpour and witnessed lashing rains on Thursday, the Pakistan Stock Exchange, its associated companies...

Most Gulf bourses fall; Saudi index up

DUBAI: Most major stock markets in the Gulf ended lower on Wednesday, pressured by losses in financial shares, although the Saudi index bucked the...

Record shattering Karachi rains to take toll on Pakistan’s exports

The record-shattering rains in Karachi could affect the country’s exports for the month of August owing to delay in export consignments, said Advisor to...

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