Business
Business
Chinese Carmakers Overtake Japan in Europe With 12.7% Share
Chinese carmakers overtook Japanese manufacturers in Europe for the first full quarter, capturing 12.7% of new-car registrations, up from 11.9%…
SBP Raises Policy Rate to 12% from 11.5% on Energy Risks
KARACHI: The State Bank of Pakistan (SBP) on Monday raised its policy rate by 50 basis points to 12% from…
Audi Georgia Factory Plan Awaits Volkswagen Board Approval
PERRY: Volkswagen's supervisory board must approve Audi’s planned $4 billion Georgia factory before the German carmaker can proceed with the…
Audi Georgia Factory Plan Targets 200,000 SUVs a Year
PERRY: Audi plans a $4 billion Georgia factory that could produce 200,000 SUVs annually and create about 4,500 jobs, subject…
Central Bank Digital Currencies Draw 81-Bank BIS Study
A Bank for International Settlements survey found central banks had expanded work on digital currencies, with more than half of…
Wall Street Earnings Face AI Test as Federal Reserve Looms
NEW YORK: US investors will scrutinise Wall Street earnings and the Federal Reserve next week after the S&P 500 gained…
Oil Prices Rise Over 3% as Brent Hits High Since April
Oil prices climbed on Friday, with Brent crude rising 3.14% to $116.72 a barrel from $113.17, its highest settlement since…
Iran Economic Pressure Grows Under US Oil Blockade, Maleki Says
TEHRAN: Former US Treasury official Miad Maleki says Iran faces growing economic pressure as a US maritime blockade cuts oil…
PSX KSE-100 Falls 295 Points in Early Friday Trade
KARACHI: Pakistan Stock Exchange’s KSE-100 Index fell 295.17 points, or 0.18%, to 163,629.14 by 9:50 am on Friday as selling…