China spent $240 billion bailing out 'Belt & Road' countries, study shows
Almost 80% of the rescue lending was made between 2016 and 2021
Oil prices soften; banking crisis and Chinese demand in focus
Prices eased after rising at the fastest pace in more than four months on Monday.
US, Japan strike trade deal on electric vehicle battery minerals
The deal also aims to reduce US-Japanese dependence on China for such materials.
Indian govt has 54 Chinese investment proposals pending: finance minister
Indian govt has 54 Chinese investment proposals pending: finance minister
Saudi National Bank appoints new chairman after Credit Suisse loss
CEO Saeed Mohammed Al Ghamdi will take over as the new chairman from Ammar Al Khudairy.
China says US presumption of guilt against TikTok is baseless
Influencers take stock of life and dreams if US bans TikTok
Russian rouble strengthens as tax payments beckon, oil prices rise
It had firmed 0.1% against the yuan to 11.13.
Dollar steady as banking crisis fears linger
Risk-averse investors sent the yen to a seven-week high of 129.65 per dollar.
First Citizens to buy Silicon Valley Bank, FDIC says
The 17 former branches of SVB will open as First–Citizens banks on Monday.
Saudi Aramco inks $12.2bn China oil refinery, petchem complex deal
The project will be Aramco's second major refining-petrochemical investment in China
Asia shares skittish, US and Europe futures edge higher
S&P 500 futures firmed 0.3% and Nasdaq futures 0.4%.
Oil markets steady as investors weigh banking crisis, Russia
Brent rose 2.8% last week, while WTI rebounded 3.8% as jitters in the banking sector eased.
China's industrial profits slump deepens on soft demand, high costs
The sharp 22.9% contraction followed a 4.0% fall in industrial profits for the whole of 2022.
Efforts on to put economy back on track: Dar
Dar requested foreign investors to transfer technology to Pakistan and explore joint ventures
Elon Musk puts $20 billion value on Twitter, The Information reports
Elon Musk puts $20 billion value on Twitter, The Information reports
Quetta citizens experience alarming rise in LPG prices amid holy month
Quetta citizens experience alarming rise in LPG prices amid holy month
The biggest financial crises of the last four decades
The biggest financial crises of the last four decades
President Alvi lauds BizNet's aim to train 1,000 women as game developers
BizNet also announced to hold women's sports gala
Iraq halts northern crude exports after winning arbitration case against Turkey
Iraq halts northern crude exports after winning arbitration case against Turkey
Amazon, other retailers revamp 'free' shipping as costs soar
They are adding fees for faster service, raising minimum purchase requirements
Brazil seek Chinese semiconductor technology
Brazil seeking Chinese semiconductors and industry, vows not to be forced by foreign pressure
Binance says withdrawals have resumed after technical glitches
Binance suspended deposits and withdrawals earlier which have now resumed
Mobile phone imports decline by 68% to $447m in eight months
Mobile phone imports decline by 68% to $447m in eight months
Pakistan's liquid foreign reserves rise above $ 10bn
Pakistan’s liquid foreign reserves rise above $ 10bn
US, Canada plan North American chip corridor, starting with IBM expansion
US, Canada plan North American chip corridor, US President Joe Biden indicated in presser.
Banker fired over sexual harassment sues Barclays for $700,000
Banker fired over sexual harassment sues Barclays for $700,000
China rolls over $2bn loan as Pakistan races to meet IMF demand for external financing
Global lander wants Pakistan to get external financing assurance from friendly countries
HSBC moves China markets head to become adviser to Asia Pacific co-CEOs
HSBC veteran Chan will take up his new role at the start of next month.
Hyundai, Kia warn 570,000 US owners to park outside until recalls completed
The automakers said some vehicles with a tow hitch harness could catch fire due to a short circuit.
Factbox: Warren Buffett's investments in financial firms
Buffett has been known to invest during difficult periods for the market.
Oil falls as US holds off refilling strategic reserve
Brent crude fell 24 cents to $75.67 a barrel while US WTI slipped 24 cents to $69.72 a barrel.
Bitcoin mining booms in Texas
In Texas, some counties have offered tax incentives to Bitcoin miners.
Asian shares falter on banking concerns, bonds bet on last rate hikes
Key parts of the US yield curve steepened, signaling a recession is at the door step.
Biden administration adds 14 Chinese firms to red flag list
Being added to list can potentially start a 60-day clock that could trigger much tougher penalties
Musadik to address IMF's concerns, says no subsidy involved in the petrol scheme
Senator Musadik Malik says he will thoroughly address the IMF’s concern tomorrow
NIC attracts over Rs7bn investment for Pakistani startups
NIC attracts over Rs7bn investment for Pakistani startups
UK central bank may hike rates after big jump in food prices
Many economists suggested the Bank of England would keep rates on hold.
Mobile phone imports dip over 68pc to $447m in 8 months
Mobile phone imports decreases over 68pc to $447m in 8 months
PSX loses 501.88 points, closes at 40,376.10 points
PSX loses 501.88 points, closes at 40,376.10 points
Computing networking pioneer Metcalfe wins top industry prize
The Ethernet is the standard connection for everything.
Dollar muted as traders await Fed rate decision
The US dollar index was at 103.19, just above the five-week low of 102.99 touched overnight.
Asian shares advance on back of Wall Street rally
Markets around the world pinballed sharply this month on worries the banking system may be cracking.
Japan provides additional $5.7m for installation of Weather Surveillance Radar
The project would substantially contribute in mitigating damages caused by natural disasters
Switzerland's secretive Credit Suisse rescue rocks global finance
Switzerland's secretive Credit Suisse rescue rocks global finance
FBR hosts National Consultation Workshop for establishing API, PNR system
FBR hosts National Consultation Workshop for establishing API, PNR system
Gold price decreases Rs1,000 to Rs207,300 per tola
The price of 10 grams of 24 karat gold also decreased by Rs858
Pakistan earns $1,523 million from IT services' export
Pakistan earns $1,523 million from IT services' export
Bitcoin climbs to 9-month high as bank turmoil sparks rally
The biggest cryptocurrency rose as far as $28,567, its highest since mid-June.
Global stocks sink after Credit Suisse takeover
Investors worry banks are cracking under the strain of unexpectedly fast, large rate hikes.
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
Credit Suisse is among 30 financial institutions known as globally systemically important banks
Iraq in final stages of talks on $27 billion TotalEnergies deal, says minister
Iraq in final stages of talks on $27 billion TotalEnergies deal, says minister
Warren Buffett in discussions with Biden officials on banking crisis
Warren Buffett in discussions with Biden officials on banking crisis
UBS seeks $6 billion in government guarantees for Credit Suisse takeover
Credit Suisse is the biggest name ensnared in turmoil unleashed by collapse of Silicon Valley Bank
China fines Deloitte $31mn for auditing negligence
Deloitte's Beijing operations also will be suspended for three months
Japan, Germany agree to carefully monitor markets, coordinate as needed
Agreement came in a 45-minute meeting between Japanese Finance Minister and German Finance Minister.
China's central bank warns SVB failure shows impact of rapid global rate hikes- state media
SVB Financial Group on Friday sought protection under Chapter 11 of the U.S. bankruptcy code.
Credit Suisse meets to weigh options, under pressure to merge with UBS
The 167-year-old bank is the biggest name ensnared in market turmoil.
China cuts reserve ratio given domestic pressures, overseas risks - state media
The central bank on Friday reduced the amount of cash banks must hold as reserves.
Beijing may allow foreign financial firms to list in China - ex-finance minister
Such moves would be in line with the country's opening up of its financial industry.
Hina Khar calls for new fiscal model for sustainable development
Hina Khar calls for new fiscal model for sustainable development
Bank rescues ease crisis fears but investors worry it's not enough
Large US banks injected the funds into San Francisco-based bank on Thursday.
Global turmoil makes Australian banks' refinancing mountain a harder climb
After the past week's failures and liquidity crunches at banks in the United States and Europe.
Japanese and South Korean businesses seek to leave behind difficult history
The newly announced foundation appeared to allow Japanese companies to fund programmes.
SpaceX, Netflix, Boeing to join "biggest-ever" US business mission to Vietnam
Vietnam, with a population of 100 million people, also has a rapidly-growing consumer market.
Nepra shocks power consumers with Rs3.23 per unit hike
Nepra says authority had no option but to accept government’s request
Govt increases petrol price by Rs5 per litre
Increases high speed diesel and kerosene oil prices too
Oil hits lowest in more than a year as banking fears mount
Oil hits lowest in more than a year as banking fears mount
Moody's cuts outlook on US banking system to 'negative'
Moody’s also said it was expecting the Federal Reserve to continue tightening monetary policy.
Riyadh Air, Saudia to buy 78 Boeing 787s worth $37bn
The contracts are part of a blueprint for economic and social reform.
China's yuan eases as uneven economic recovery dents sentiment
Investors were also cautiously waiting to see if the Federal Reserve will hike interest rates.
UK unveils cost-of-living budget as mass strikes hit nation
The government is also expected to confirm plans to entice those who have dropped out of the jobs.
Thai industrial sentiment near four-year high in Feb as tourism recovers
The FTI's index, which projects industrial sentiment over the next three months, also increased.
Strike grips Sri Lanka as unions protest IMF bailout
Professionals have also joined the trade unions against the sharp increase in income taxes.
Oil prices rebound after OPEC upgrades China demand outlook
China's demand recovery is bullish for oil prices, said Stefano Grasso.
China's economic activity uneven in Jan-Feb after Covid reopening
Fixed asset investment in the first two months was 5.5% higher than a year earlier.
Asian shares gain as fears about rapid Fed hikes, bank crisis fade
Australia's S&P/ASX 200 index (.AXJO) rose 0.33% in early trading.
Most BOK board members wanted door open for further tightening - minutes
It should leave the door open for further rate increases if needed to contain inflation.
Crypto group DCG looking for new partners following SVB collapse CoinDesk
The companies did not immediately respond to Reuters requests for comment on the report.
Asian stocks fall despite bids to contain SVB contagion fears
That sent the dollar tumbling Monday, though it clawed back some of those losses in Asian trade.
World Bank committed to Pakistan's long-term development: Martin Raiser
He said that the World Bank has been a resolute development partner of Pakistan.
Dollar sags as US banks' collapse have markets wagering on no Fed hike
Dollar slides as US intervenes on SVB collapse
Gold slips but holds above $1,900 on Fed slowdown hopes
Spot gold was down 0.6% at $1,901.91 per ounce.
SVB collapse causes headaches for US Fed before rate decision
America's top finance officials unveiled a series of measures over the weekend.
Biden vows new bank rules after SVB collapse, cites Trump rollback
Biden vows new bank rules after SVB collapse, cites Trump rollback
Japan Post Bank prices its stock offering at 1,131 yen apiece
Japan Post Bank shares closed at 1,155 yen on the Tokyo Stock Exchange on Monday.
HSBC acquires Silicon Valley Bank's UK arm for 1 euro
The transaction completes immediately and will be funded from existing resources, the bank added.
Oil prices surge on China demand and weaker dollar
After initially slipping, Brent crude futures rose to $82.97 and WTI went up to $76.88 a barrel.
Dollar sinks as US intervenes on SVB collapse
The dollar index, which measures the US currency against six rivals, fell to its lowest in a month.
Japan ruling block's partner Komeito to propose 'several trillion yen' stimulus - NHK
Japan ruling block's partner Komeito to propose 'several trillion yen' stimulus - NHK
Signature Bank becomes next casualty of banking turmoil after SVB
All of depositors of both banks will be made whole, and "no losses will be borne by the taxpayer
VW joins e-car price war as global rivalry heats up
Driving performance remains a key factor” when customers choose a new car.
Worry for tech start-ups after Silicon Valley Bank failure
Some see in the back-to-back failure of two banks an example of the financial system's precariousnes
Khawaja Asif inaugurates exhibition 'We Exhibit 2023'
Khawaja Asif inaugurates exhibition “We Exhibit 2023”
Pakistan's garment exports to China register 33pc increase in 2022
Pakistan's garment exports to China register 33pc increase in 2022
India, Australia aim to boost critical mineral trade in broader deal - ministers
It would expand on a free trade deal the two signed last year.
Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley Bank
The stablecoin company's announcement comes after startup-focused SVB collapsed on Friday.
German finance minister says defence budget needs to rise
But despite the need for fiscal tightening, he favoured increasing defence spending.
US regulators seize Silicon Valley Bank in largest bank failure since financial crisis
US regulators seize Silicon Valley Bank in largest bank failure since financial crisis
PSX continues with bullish trend, gains 208 points
PSX continues with bullish trend, gains 208 points
Credit Suisse shares hit new all-time low as banks hit by US fallout
Europe’s STOXX banking index was down 4.2%.
Japan's Inpex to send test batch of Kashagan crude via BTC pipeline
Kashagan crude is usually shipped via the Caspian Pipeline Consortium (CPC) which crosses Russia.
China Feb new bank loans fall to 1.81 trln yuan, but beat forecasts
Other credit gauges showed solid improvement.
Korean e-commerce firm Coupang to exit Japan market
Japan's SoftBank Group Corp is an investor in the company.
UK economy grows 0.3% in January, beating forecasts
The manufacturing and construction sectors contracted, the Office for National Statistics said.
Gold drifts lower in run-up to US payrolls data
Bullion lost 1.4% so far this week and is set for a fifth weekly drop in six.
Biden to meet with Trudeau in Canada this month: White House
Biden and Trudeau will also discuss ongoing efforts to support Ukraine.
EU reaches agreement to reduce energy consumption at EU level by 11.7% in 2030
The consumption limit for final consumption will be binding for member states.
Australian court fines ANZ Group $6.6 million for breaching consumer protection laws
Court case stems from a 2017 Royal Commission inquiry into Australia's financial services industry.
Oil headed for worst weekly drop since Feb on US slowdown fears
"Investors have become increasingly cautious," analysts from Haitong Futures said in a note.
Biden's $6.8 trillion budget challenges Republicans, raises taxes on rich
The Democratic president challenged Republican opponents on fiscal responsibility.
US bank jitters hit Asia stocks; yen drops with JGB yields after BOJ
The US dollar edged higher and short end Treasuries extended sharp overnight gains.
PSX continues with bullish trend, gains 226 points
PSX continues with bullish trend, gains 226 points
Rouble steadies near 76 vs dollar, Russian stocks near 6-month high
The rouble had gained 0.5% to trade at 80.23 versus the euro.
Shell reports sharp fall in Nigeria oil spills after shutdown
Shell is the operator of Nigeria’s main onshore oil and gas joint venture.
Turkish lira at record low near 19 to the dollar
Presidential and parliamentary elections scheduled for May 14 are adding to uncertainty.
Vietnam Jan-Feb exports down 10% amid weak global demand
Vietnam had a week-long Lunar New Year holiday in January, during which business activities slowed.
Wheat drops to 18-month low on Black Sea grain deal optimism
Wheat drops to 18-month low on Black Sea grain deal optimism
Oil flat as China hopes, US stock draw contend with economic concerns
US gasoline stocks fell by 1.1 million barrels
Asian shares stutter, dollar buoyant as data supports hawkish Powell
Inflation data out of China showed on Thursday that domestic demand still remained tepid.
China consumer inflation slowest in a year; producer deflation deepens
Producer deflation extended into a fifth month.
Japan's economy barely grew in Q4, weak consumption raises policy challenge
Japan's economy barely grew in Q4, weak consumption raises policy challenge
Gold prices at 1-week low as Fed's Powell flags higher rates
Spot gold was down 0.2% at $1,810.84 per ounce.
China's yuan weakens to 2-month low, with key 7-per-dollar level in sight
China’s yuan weakens to 2-month low, with key 7-per-dollar level in sight
Powell's warning on higher US rates pushes dollar to three-month high
Higher rates benefit the dollar by improving its yield.
Indian rupee declines as Fed's Powell stokes fears of large rate hikes
The currency had only just broken out of a narrow trading zone.
Cathay Pacific posts wider $834 mln loss in 2022, upbeat on outlook
The airline forecast a loss of between HK$6.4 billion and HK$7 billion
Russia says it is considering a challenge to US nominee to head World Bank
Treasury declined comment on the possible Russian challenge.
India's oil deals with Russia dent decades-old dollar dominance
India's oil deals with Russia dent decades-old dollar dominance
Oil steady as surprise US crude draw counters rate hike jitters
The dollar index rose as high as 105.65, up 1.3% on Tuesday and the highest since Dec. 6.
Asian stocks tumble, dollar gains after hawkish Powell comments
Fed raised rates by 25 basis points in its last two meetings.
Thailand's inflation seen falling further - Finance Minister
Expected support measures will reduce the cost of living, he said.
Japan runs record current account deficit in January
The trade balance, a part of the current account, also hit a record deficit.
Pak-Germany trade witnesses over 78pc surplus in seven months
Pak-Germany trade witnesses over 78pc surplus in seven months
Switzerland keen to develop trade ties with Pakistan: Ambassador
Switzerland keen to develop trade ties with Pakistan, says Ambassador
PBF proposes economic manifesto to tackle financial and administrative issues
PBF proposes economic manifesto to tackle financial and administrative issues
Agriculture credit disbursement up by 28.3% in 7 months
Kissan Package 2022 is expected to have a positive impact on the agriculture sector’s productive.
Emirates Global Aluminium's 2022 profit surges to a record $2 bln
EGA expects global demand for aluminium to grow 1-2% in 2023.
Fed's Powell, in Hill appearance, to update views on status of 'disinflation'
Powell's last monetary policy report to Congress was in June.
Dollar subdued ahead of Powell testimony; Aussie slips
The index is down 0.6% for the month following a 2.6% gain in February.
Oil edges up on supply concerns, China demand hopes
"The key unknown for 2023 will be the disruption to Russia's oil and refined product exports."
Japan's real wages drop at fastest pace since 2014 as hot inflation takes toll
Wage trends in the world's third-largest economy are under close market scrutiny.
China Jan-Feb exports, imports slump again as global demand falters
The customs agency publishes combined January and February trade data to smooth out distortions.
Sri Lanka says 'positive news' coming from IMF on $2.9 bln package
Sri Lanka says 'positive news' coming from IMF on $2.9 bln package
Asian palm oil buyers seek stable export policies from producers
Importing countries have built refineries to process crude palm oil.
ECC approves Hajj Policy 2023 with foreign exchange cover of $90m
ECC approves Hajj Policy 2023 with foreign exchange cover of $90m
Long-awaited IMF staff-level agreement 'around the corner'
'Pakistan manages to meet conditions to avail loan'
UK's new car registrations jump 25% in February
The SMMT will provide the final figures for the month at 0900 GMT.
Pakistan looks towards Saudi Arabia, WB and AIIB for revival of IMF loan deal
It needs to secure confirmation of additional deposits of $2 billion from the Arab country
Saudi Arabia raises Arab Light crude price to Asia for 2nd month in April
Saudi Arabia raises Arab Light crude price to Asia for 2nd month in April
Weak global demand, rate hikes may curtail India growth
The slowdown in growth seen in last quarter of 2022 could continue through March 2024
UAE's GDP grew 7.6pc in 2022, official says
A slowdown is forecast this year with a more uncertain oil price outlook
Indonesia's inflation to stay above 5% in first half of 2023: central bank chief
ECB facing high core inflation in the near term, Lagarde says
ECB facing high core inflation in the near term, Lagarde says
More interest rate hikes may be needed, says ECB's Lagarde
Indonesia's inflation to stay above 5% in first half of 2023 -cbank chief
Indonesia's Consumer Price Index rose 5.47 per cent on a yearly basis in February.
China to deepen financial reform, open to more foreign investment
China has stepped up its efforts to cope with financial risks as the economy grew by just 3 per cent
Quake caused damage worth $5.1 billion in Syria: World Bank
Quake caused damage worth $5.1 billion in Syria: World Bank
Taiwan's Foxconn seeks chip, EV cooperation with India
Foxconn has ambitious plans to make EVs, and is also looking to make chips.
Exclusive-Nvidia's plans for sales to Huawei imperiled if US tightens Huawei curbs-draft
Nvidia's plans to sell to Huawei have not been previously reported.
Sri Lanka's rate hike shows commitment to rapid disinflation - IMF
The central bank raised its standing deposit facility rate to 15.50 per cent.
US Justice Dept warns of steeper penalties for firms that fall foul of messaging policies
US Justice Dept warns of steeper penalties for firms that fall foul of messaging policies
'Media report that UAE considering leaving OPEC not true'
'Media report that UAE considering leaving OPEC not true'
US approved 192 licenses for exports to blacklisted Chinese firms early 2022
Republican Representative Michael McCaul called the approvals unacceptable
Airbnb cuts recruiting staff by 30pc
The decision affected less than 0.4% of the San Francisco-based company's total workforce
Weekly inflation clocks in at 41pc compared to last year
Weekly inflation clocks in at 41pc compared to last year
Brighter economic outlook lifts UK services sector, PMI shows
Fall in overall cost pressures had yet to be fully passed onto clients as demand remained resilient.
Lufthansa says it's back as earnings rebound, flags further gains in 2023
The company said it expects "further significant improvement" in operating profit this year.
Asian stocks gain as prospects of China recovery, and Fed caution
Global markets have been buffeted by a raft of strong US data over recent weeks.
Oil prices head for weekly gain on China growth hopes
Brent has climbed about 1.6% so far this week.
Dollar set for first weekly loss since January as Fed path eyed; crypto slides
"In turn, this will depend on incoming US data, particularly inflation data."
Adani shares surge after GQG Partners invests $1.87 bn
GQG's Sydney-listed shares ended Friday down 3% versus a 0.4% rise in benchmark share price index.
Philippines central bank gov sees 50 bps rate hike if inflation tops 9%
BSP has raised rates eight times for a total of 400 basis points since last year.
Trade deficit narrows by 33.18pc in 8 months of FY23
Trade deficit narrows by 33.18pc in 8 months of FY23
Default rumours completely false, IMF agreement likely next week: Dar
Default rumours completely false, IMF agreement likely next week, says Ishaq Dar
SBP raises key interest rate by 300bps, takes it to 20pc
SBP raises key interest rate by 300bps, takes it to 20pc
LSE Group 2022 earnings meet forecasts, eyes buyback on Blackstone/TR stake
The consortium owned just over 30% of LSEG shares when the Refinitiv deal was completed.
