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Market watch: With profit-taking, stocks record thin gains | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a volatile session on Friday, as market players opted to stay on the sidelines mainly owing to weak macroeconomic cues and looming uncertainty. The benchmark KSE-100 index, after oscillating within a narrow range, managed to creep up before the close of trading. Despite opening the session in the…
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Eurozone inflation rises to new record high
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[ad_1] European Central Bank.ย โ AFP/File BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed Wednesday, adding pressure on the European Central Bank (ECB) ahead of a monetary policy meeting this week. The figure hit 5.1% last month, a first since the official Eurostat agency started to compile the…
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PM aide foresees record jump in textile exports | The Express Tribune
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[ad_1] ISLAMABAD: The textile sector is supporting the countryโs flailing economy as exports are set to jump to a record high after Pakistan gained an edge over South Asian rivals during the pandemic, said Adviser to Prime Minister on Commerce Abdul Razak Dawood. In an interview with an international news agency, the adviser said that…
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Turkish lira hits record low as central bank cuts interest rate
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[ad_1] โ AFP/File ISTANBUL: The Turkish lira sank to a record low against the dollar on Thursday after the central bank slashed interest rates for the third consecutive month following pressure to do so from President Recep Tayyip Erdogan. The bank cut its policy rate from 16% to 15% despite rising inflation and a fast-depreciating…
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Panama Canal breaks freight record despite pandemic crisis
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[ad_1] The Panama Canal. File photo Panama City: The Panama Canal had a record fiscal year 2021 with more tonnage transported through the waterway than ever before, despite a crisis in global port congestion, authorities said Thursday. A total of 516 million tonnes passed through the channel, mainly consisting of containers, grains, chemicals and liquefied…






