Business News

Dollar gains as US jobs report keeps alive rate hike hopes

  • TOKYO, Feb 8, (APP/AFP): The dollar extended its gains Monday as a closely watched US jobs report fanned speculation that the Federal Reserve may hike interest rates as early as next month. Financial market turmoil and worries about global growth have been weighing on expectations for more rate hikes this year. But Friday’s upbeat employment […]

  • Foreign exchange rates

    KARACHI, Feb 8 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.8649 08.02.16 CONVERSION RATES FOR FEB 08TH […]

  • Tokyo stocks open lower after losses in US, Europe

    TOKYO, Feb 8, (APP/AFP): Tokyo stocks opened down more than one percent on Monday following sharp losses on financial markets in Europe and on Wall Street. The benchmark Nikkei 225 index at the Tokyo Stock Exchange declined 1.18 percent, or 198.68 points, to 16,620.91 in opening deals, while the broader Topix index of all first-section […]

  • Tokyo stocks edge down by break as yen weakens

    TOKYO, Feb 8, (APP/AFP): Tokyo stocks pared most of their early losses on Monday morning as the yen weakened slightly and after Japan published upbeat economic data. The benchmark Nikkei 225 index at the Tokyo Stock Exchange — which opened down more than one percent — finished the morning 0.17 percent, or 29.01 points, lower […]

  • Singapore markets closed for Lunar New Year

    SINGAPORE, Feb 7, (APP/AFP) – Singapore financial markets are closed Monday and Tuesday for the Lunar New Year holidays. They will reopen Wednesday.

  • Anger, sanctions threats greet N. Korea rocket launch plans

    SEOUL, (APP/AFP) – South Korea and Japan on Wednesday echoed US warnings that North Korea would pay a heavy price if it pushes ahead with a planned rocket launch just weeksafter conducting its fourth nuclear test. Urging Pyongyang to drop its plans for a launch as early as next week, the government in Seoul said […]