Business News
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Stocks slump over poll result delay | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) was rattled on Friday by the unusual delay in announcement of election results and growing political uncertainty, which led to a plunge of 1,200 points in the KSE-100 index and deterred investors from building…
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Oil rises 1%, heads for weekly gain | The Express Tribune
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[ad_1] Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures rose 79 cents, or 0.97%, on…
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IMF urges BOJ to consider ending yield curve control | The Express Tribune
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[ad_1] PHOTO: FILE TOKYO: The Bank of Japan (BOJ) should consider ending its yield curve control and massive asset purchases now, then gradually raise short-term interest rates, the International Monetary Fund (IMF) said on Friday, as markets ramp up bets…
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Job cuts expected at banks in Asia | The Express Tribune
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[ad_1] Overall, investment banking fees collected by global banks in the Asia Pacific dropped 25% in 2023 from a recent peak of $40.6 billion in 2021, LSEG data showed. Photo: REUTERS HONG KONG: Job cuts at Western investment banks in…
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Major AI chips designer chases $30b market | The Express Tribune
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[ad_1] SAN FRANCISCO: Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to sources familiar with the company’s plans. The dominant global designer and supplier…
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Late recovery pulls Pakistan stocks out of early freefall
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[ad_1] A broker talks on a phone as he watches latest share prices at the Pakistan Stock Exchange in Karachi on January 27, 2023. — AFP The Pakistan Stock Exchange (PSX) faced significant turbulence today, plunging over 2,000 points initially…
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KSE-100 nosedives over 2,000 points amid ‘unexpected’ poll results
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[ad_1] An investor can be seen speaking on his phone in the main hall of the Pakistan Stock Exchange (PSX). — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) witnessed a gloomy morning as the KSE-100 index nosedived by over 2,000…
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PSX plunges 3.68% after ‘election upset’ | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) nosedived by 3.68%, equivalent to 2,362 points, soon after opening on Friday. Panic selling ensued in the aftermath of the upset in the general elections, causing the index to hit a 10-day low…
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Entrepreneurs seek ethical AI use | The Express Tribune
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[ad_1] KARACHI: Stringent regulatory policies and rules against the misuse of Artificial Intelligence (AI) could ensure a responsible and ethical technology culture among Pakistani youths, say AI coaches and entrepreneurs. They add that local bright youth could fully tap into…
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Govt to permit re-export of oil by foreign suppliers | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has announced plans to permit the import, local sale, and re-export of petroleum products facilitated by foreign suppliers. This decision, aimed at streamlining trade processes, involves amendments to the Customs Rules, 2001, introducing the Customs…
