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Technology Published 11 Nov, 2022 09:05pm

Cryptocurrency platform FTX goes bankrupt in US, boss resigns

It comes at the end of a week in which major cryptocurrencies, including bitcoin, have plunged owing to financial chaos at FTX

Business & Economy Published 09 Nov, 2022 07:00pm

Banking system in Pakistan will be interest-free in five years: Ishaq Dar

Finance minister says govt will fully try to implement an Islamic system in the defined timeline

Pakistan Updated 28 Oct, 2022 08:18pm

Journalist Ghulam Hussain sent on 14-day remand over 2011 case

Hussain's son says the agency did not issue any notice before his father's arrest

Technology Published 27 Oct, 2022 02:01pm

Elon Musk visits Twitter headquarters ahead of takeover deadline

Court gives deadline to close $44b deal for Twitter

Business & Economy Published 24 Oct, 2022 02:18pm

China appoints three policy bank executives after party congress

Appointments comes after China’s week-long Communist Party Congress

Business & Economy Published 20 Oct, 2022 01:06pm

Pakistan hopes to get off global dirty money watchdog’s ‘grey list’

Removal from the FATF list would provide Pakistan with a boost after the country's sovereign credit rating was downgraded by Moody's

Business & Economy Published 17 Oct, 2022 03:19pm

UK brings forward fiscal measures after budget turmoil

'Measures will support fiscal sustainability,' says treasury

Business & Economy Published 17 Oct, 2022 11:37am

Asia shares slip, testing times for UK bonds

Nikkei down 1.5%; Dollar near 149 yen, market wary of intervention

Business & Economy Published 15 Oct, 2022 04:31pm

Analysis: IMF plugs financing gaps as riskier emerging markets face squeeze

IMF extends $90b to 18 states since start of Ukraine war

Business & Economy Published 11 Oct, 2022 02:28pm

Dollar edges higher, yen slips towards level that prompted intervention

Yen hit 145.86 per dollar overnight, short of 24-year

Business & Economy Published 05 Oct, 2022 11:53am

Dollar steadies as investors heed hawkish reminder from New Zealand

NZ move dims hopes of slowdown in rate hikes globally

Business & Economy Published 03 Oct, 2022 11:08am

Oil climbs, Asian shares mixed as holiday-heavy week gets under way

Brent crude rose 2.95% to $87.65 per barrel; Given the holidays, trading is likely to be thin, says ING regional head Robert Carnell

Business & Economy Published 03 Oct, 2022 10:19am

Asia’s factory activity weakens on global slowdown, cost pressures

Rising raw material costs, strict Covid lockdowns and darkening global outlook disrupt corporate sentiments

Business & Economy Published 01 Oct, 2022 03:01pm

Strong dollar–an unstoppable force endangering other currencies

Steep interest rate increases US economy, causes investors to flood into dollar

World Published 14 Sep, 2022 08:56pm

Lebanese woman robs bank to pay for sister’s cancer treatment

Woman streamed a live video on Facebook of her raid on bank

Business & Economy Published 14 Sep, 2022 03:50pm

Japan’s 10-year bond yield hits BOJ’s upper limit after U.S. CPI shock

US consumer prices rose in August and underlying inflation accelerated amid rising costs for rents and healthcare

Business & Economy Published 12 Sep, 2022 04:13pm

Oil prices drop amid China Covid curbs, possible rate hikes

China's oil demand could contract for the first time in two decades this year

World Published 02 Sep, 2022 11:34am

Bankrupt Sri Lanka’s deposed president to return home

'He [Gotabaya Rajapaksa] has been living in a Thai hotel as a virtual prisoner and was keen to return,' says defence official

Business & Economy Published 01 Sep, 2022 11:47am

IMF agrees to $2.9b bailout for bankrupt Sri Lanka

22m people are in the grip of worst economic crisis after running out of dollars

Business & Economy Published 29 Aug, 2022 11:11am

Dollar hits 20-year high as Fed flags higher rates for longer

Yields on US Treasuries were also up, with the two-year yields rising to 3.49pc, the highest since late 2007

World Published 11 Aug, 2022 05:16pm

Armed man demanding frozen deposits takes hostages at Lebanese bank

Armed man takes hostages demanding bank to return frozen deposits

World Updated 05 Jul, 2022 05:21pm

Sri Lanka admits bankruptcy, warns of crisis through 2023

Island nation's 22 mln people have endured months of inflation, long power cuts after govt ran out of foreign currency to import vital goods

Business & Economy Published 01 Jul, 2022 12:26pm

Bankrupt Sri Lanka’s inflation jumps beyond 50%

Inflation jumps 54.6 percent a day after the IMF asked the bankrupt nation to rein in galloping prices

World Published 28 Jun, 2022 12:15pm

Cash-Starved Sri Lanka to End Fuel Duopoly to Ease Fuel Shortages

Sri Lanka needs about 1.2 million litres of A1 jet fuel a day to supply airlines

World Published 27 Jun, 2022 11:55am

Bankrupt Sri Lanka seeks discounted Russian oil

Sri Lanka's energy minister said two ministers will travel to Russia to discuss getting more oil

World Published 20 Jun, 2022 12:46pm

Bankrupt Sri Lanka opens IMF talks, begins shutdown

22 million people are in the grip of worst economic crisis after running out of dollars

Business & Economy Published 16 Jun, 2022 09:53am

National Bank of Pakistan wins terrorism financing case in US

It was alleged that the NBP was involved in financing of terrorism against US persons in Afghanistan

World Published 15 Jun, 2022 01:07pm

Sri Lanka saves scarce gas for cremations

Sri Lanka cancelled cremation services after running out of liquefied petroleum gas

Business & Economy Published 10 Jun, 2022 05:13pm

SBP extends date for exchange of old design currency notes

Old design banknotes of Rs10, Rs50, Rs100 and Rs1000 are exchangeable from the SBP Banking Services Corporation