The maker of a gun utilized in the Robb Elementary School shooting said it won’t go to the National Rifle Association show Friday. “Daniel Defense isn’t going to the NRA meeting because of the stunning misfortune in Uvalde, Texas, where one of our items was criminally abused,” said Steve Reed, VP of showcasing for Daniel … Read more
The conflict in Ukraine has two untouchable oil-trading countries vieing for similar purchasers. The European Union is meaning to join the United States and the United Kingdom in endorsing Russian oil. European representatives are attempting to arrive at agreement on an arrangement to stop Russian oil imports to the coalition that could be closed down … Read more
Abundance charges are never a famous revitalizing cry at Davos, a jungle gym for extremely rich people, corporate titans and top government officials. However, Gabriela Bucher, the chief overseer of Oxfam International, was as yet baffled that the current week’s World Economic Forum for the most part taken no notice. High energy costs are overburdening … Read more
Global stock markets rallied Tuesday on hopes that China will ease its weeks-long Covid lockdown and step by step reopen agencies. European exchanges closed higher and Wall Street’s principal indices additionally rose in mid-day trading, spurred by an almost one-percentage rise in April retail income. “We’ve seen a much more positive vibe around European equity … Read more
A mass exodus of money, an $11 trillion wipeout, and the worst losing streak for international stocks because of the 2008 monetary crisis. The bad news is that it may not be over. The selloff inside the MSCI ACWI Index has dramatically decreased valuations of organizations throughout the US and Europe, however strategists starting from … Read more
European stock rebounded on the open Friday, the stop of every other unstable week for economic markets, as buyers assess the impact of excessive inflation on the economy. London’s benchmark FTSE 100 index climbed 0.8 percent to 7,292.81 points. In the eurozone, Frankfurt’s DAX index won 0.6 percent to 13,823.79 points and the Paris CAC … Read more
Wall Street shares fell once more early Thursday, extending a downward length as markets recognition on inflation, tightening monetary coverage, and the struggle in Ukraine. Data on wholesale fees showed that charge increases eased in April in comparison with the previous month but nonetheless stand 11 percent better than a year in the past. The … Read more
Russia’s invasion of Ukraine has rocked markets and triggered nations to impose retaliatory measures that would hurt the global economic system, however, no economic crisis has materialized, the IMF said Tuesday. In its present-day Global Financial Stability Report, the Washington-primarily based crisis lender said Moscow’s assault on its neighbor is “no longer a globally systemic … Read more
Exports boost Al Shaheer 80% revenue Preference for the Al Shaheer Corporation (ASC) stems from diversification into frozen food business, insulation against the rupee depreciation, and attractive trading multiples significantly lower than industry peers. The company has a market share of over 8 per cent in the country’s meat exports. ASC derives 80 per cent … Read more
STOCKHOLM: Swedish telecoms giant Ericsson on Tuesday said its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market. The world’s number two telecoms equipment maker is competing with China’s Huawei in the global rollout of ultra-fast 5G mobile phone networks. But Ericsson’s sales … Read more
JAKARTA: Indonesia, the world’s largest thermal coal exporter, said it will allow some operators to resume shipping out the commodity, a senior minister said on Thursday, pointing to a relaxation of a ban decreed on January 1. Thirty-seven vessels loaded with coal have already been released for export as of Wednesday, according to a statement … Read more
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) urged the government to focus on diversification of exportable products and markets in order to boost the volume of exports, which would ensure achieving better economic growth of the country and address many economic woes. ICCI president Muhammad Shakeel Munir said that Pakistan was mostly relying … Read more
HONG KONG: The New Year got off to a broadly upbeat start Monday in holiday-thinned trade as most markets rose, with some cheer provided by data suggesting regional economies improved last month. However, investors remain shackled by concerns about a range of issues including the fast-spreading Omicron variant, inflation, the removal of central bank stimulus and … Read more
HONG KONG: The Asian and European markets rose on Thursday and the dollar held gains after the Federal Reserve laid out a more hawkish path by speeding up the taper of its pandemic financial support and indicated a number of interest rate hikes over the coming years. While the much-anticipated decision spells an end to the … Read more
DUBAI: Gulf exchanges are likely to have another busy year of initial public offerings in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters. After a year that featured three major IPOs on both Saudi Arabia’s Tadawul and Abu Dhabi’s ADX markets, Dubai has announced plans to list as many as … Read more
RIYADH: Major US stock exchanges delisted 179 companies between 2020 and 2021, according to a report carried by Finbold.com. Citing data the report said in 2021, the number of companies on Nasdaq and the New York Stock Exchange stands at 6,000, dropping 2.89 per cent from last year’s figure of 6,179. In 2019, the listed … Read more
MOSCOW: The longer the prices for natural gas remain at record high levels in Europe this year, the stronger the markets feel that Russian gas should not be seen as a quick fix to the problem, at least not before this winter ends. “Overall gas production in Russia over the three quarters of 2021 was … Read more
DUBAI: The new Covid-19 variant, omicron, has prompted global economic concerns, as fears of its spread begin to affect stock markets and oil prices, Arab News reported. Saudi Arabia’s main market, the Tadawul All Share Index, opened 5.3 per cent lower on Sunday, trading near 10,700 points. The Dubai Financial Market was down 8.49 per cent in … Read more
Stocks in Asian Markets advanced on Tuesday after the United States President Donald Trump was discharged from hospital and returned to White House. According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71%, while the Hong Kong index climbed to 0.88%. Meanwhile, Japan’s Nikkei also added 0.41%. S&P 500 futures rose 0.08% after … Read more
Asian shares struggle to shake off bearish mood after United States technology stocks giant fell anew on Friday on Wall Street. According to the details, Japan’s benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea’s Kospi dropped 0.8% to 2,377.92, while Australia’s S&P/ASX 200 lost 0.8% to 5,860.50. … Read more
The Punjab government has decided to implement Smart Lockdown in the province to check the spread of Coronavirus. Under the decision, markets, bazaars and plazas will be closed two to three days before Eid. According to details, the Punjab government has decided to launch a smart lockdown on the occasion of Eid. In this regard, … Read more
The Punjab government has decided to strictly enforce the standard operating procedures (SOPs) for containing the spread of coronavirus and directions have been issued to all the divisional commissioners to ensure implementation of precautionary measures and take strict action including imposing fines in case of violation. The decision was taken at a meeting held at … Read more
Sindh Chief Minister Murad Ali Shah, in a bid to facilitate traders and business community, announced to open all markets from Monday (May 11). As per reports, markets, shops except malls will be open from Monday. The decision has been taken during a meeting between the chief minister and traders which was held on Sunday.The … Read more
