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Web Desk Karachi
Feb 06, 2025

SBP bolsters foreign exchange reserves with $3.8 billion purchase

The unexpectedly high remittances have provided a surge in liquidity in the inter-bank market, encouraging the central bank to buy more dollars.

Business

Reuters
Feb 06, 2025

Amazon’s AI revamp of Alexa assistant nears unveiling

Once released, it would mark the most significant upgrade to the product since its initial introduction accelerated a wave of digital assistants more than a decade ago.

Business

Reuters
Feb 06, 2025

Nissan CEO tells Honda counterpart he wants to scrap merger talks, source says

The Japanese automakers in December signed a memorandum of understanding to discuss an integration under a holding company to create the world’s No.3 automaker and compete in an increasingly tough industry.

Business

Web Desk
Feb 06, 2025

PSX jittery early on Thursday; PKR climbs unfettered

PBS’s inflation statistics and SBP’s policy rate are strengthening investor sentiment, but political turmoil is eroding the market confidence.

Business

Reuters
Feb 05, 2025

Uber projects quarterly bookings below estimates hurt by strong dollar

CEO Dara Khosrowshahi says, Uber planned to drive growth in 2025 by offering customers better rates, in part by slowing hikes in insurance charges.

Business

Reuters
Feb 05, 2025

Nasdaq futures lag as Alphabet, AMD slide after bleak forecasts

Bloomberg News reports, Apple shed 2.5 per cent that China’s antitrust regulator was preparing for a possible investigation of the iPhone maker.

Business

Web Desk
Feb 04, 2025

S&P 500 gains on energy boost; Trump-Xi talks in focus

Seven of the 11 S&P 500 sectors traded higher, with energy stocks .SPNY leading the gains with a 2% rise, paring earlier losses.

Business

Reuters
Feb 04, 2025

Spotify predicts strong quarter after cost cuts power first annual profit

Spotify expects operating income of $566.2 million in the current quarter, above analysts’ estimate of 450.6 million euros.

Business

Reuters
Feb 04, 2025

Wall Street set for subdued open after China’s retaliatory tariffs

With President Donald Trump’s 10 per cent tariff on Chinese goods, China’s finance ministry announced levies on some US imports, effective February 10.