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China’s consumer prices fall fastest in 3 years | The Express Tribune
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[ad_1] BEIJING: China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The Consumer Price Index (CPI) dropped 0.5% both from a year earlier and compared with October, data from the National Bureau of Statistics (NBS)…
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US trade deficit widens in Oct as exports fall amid inflation curbs — What’s next?
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[ad_1] A container ship enters the Port of Los Angeles in San Pedro, California, US on Feb, 1, 2021. — AFP/File The world’s largest economy’s total trade deficit increased by 5.1% to $64.3 billion in October, up from a revised $61.2 billion in September, according to the Commerce Department. The growing trade imbalance in October…
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Oil prices fall amid US production, China energy concerns
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[ad_1] An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more than $3 a barrel on Thursday, prolonging losses from the previous session. Brent futures had…
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Stocks retreat, fall below historic 54,000-mark
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[ad_1] Stock broker monitor television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday jumped to a historic high — shooting past 54,000 points — but dropped at close, ending its days-long winning streak. The KSE-100 index touched…
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With larger fall, rupee near 1-month low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Wednesday hit nearly one-month low above Rs282.50 against the US dollar in inter-bank market, as it maintained the losing streak for the eighth consecutive day ahead of first IMF review under the $3 billion loan programme. According to State Bank of Pakistan’s (SBP) data, the rupee lost 0.42%, or Rs1.18,…
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Forex reserves fall by $220m to $7.5b | The Express Tribune
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[ad_1] KARACHI: Pakistan’s foreign exchange reserves fell by $220 million on a weekly basis, with the total now standing at $7.494.2 billion. Reserves dropped by 2.8% as of October 20, data released on Thursday by the State Bank of Pakistan (SBP). According to data released by the central bank on Thursday, its foreign currency reserves…
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Global stocks fall, US bond yield rise as Israel gears up for major ground assault
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[ad_1] Artillery shells are lined up next to an armoured vehicle as Israeli soldiers take positions near the border with Gaza in southern Israel on October 9. — AFP A regional dispute in occupied Palestine and concerns that US interest rates would stay high for longer than initially anticipated caused stock markets to decline on…
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Weekly inflation eases 1.7% over oil price fall | The Express Tribune
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[ad_1] ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in Pakistan, which will provide some relief to people in the current challenging times. During the…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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[ad_1] A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on Wednesday, in response to concerns that the Israel-Hamas dispute could escalate into regional warfare following…
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Petroleum sales fall to 44-month low | The Express Tribune
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[ad_1] KARACHI: The demand for petroleum products in Pakistan hit a 44-month low at 1.06 million tons in September 2023, primarily due to a surge in prices in line with global uptrend. Topline Research analyst Myesha Sohail, in a commentary, said sales of petroleum products declined to the lowest level since the Covid-19 lockdown in…
