Author: Press Room
© Reuters. Pakistan Stock Exchange (PSX) witnessed a sharp decline today as the KSE-100 index dropped by 666.07 points, closing at 65,557.56. This represents a 1.01% fall from its previous close of 66,223.63. The downturn is attributed to widespread profit-taking after a sustained rally and negative updates from the refinery sector that dampened investor sentiment. Market analysts have identified several factors contributing to the drop. A significant reason for the sell-off was profit-taking by leveraged buyers who had capitalized on the previous bullish trend. Additionally, there’s been a heightened sensitivity to potential shifts in monetary policy, with investors closely monitoring…
2/2 © Reuters. Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Simon Stiell speaks during a press conference at the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 11, 2023. REUTERS/Thom 2/2 By Kate Abnett, Valerie Volcovici and David Stanway DUBAI (Reuters) – With the COP28 climate talks entering crunch time on Monday, U.N. climate chief Simon Stiell urged countries to come together to reach a final deal for the summit – where they were facing off over whether to call for an end to fossil fuels. Stiell said there had been…
Amazon files motion to dismiss FTC antitrust case
© Reuters. The Central Bank of Nigeria (CBN) has stepped forward to address the concerns over the reported shortages of naira notes in the country, ascribing the situation to heightened withdrawals by Deposit Money Banks (DMBs) and customer panic. The bank’s Corporate Communications Department and CBN Governor Olayemi Michael Cardoso emphasized that there is no shortage in actual currency supply and assured that measures are in place to ensure sufficient cash flow for necessary economic activities. The bank’s announcement comes as a response to the increased rate of significant cash withdrawals by financial institutions. The CBN is actively managing the…
A progressive district attorney in Austin, Texas dropped indictments against 17 police officers involved in quelling Black Lives Matter riots in 2020 in a move Austin cops past and present tell Fox News Digital was a political smear from the beginning by a top prosecutor determined to demonize police regardless of the effect on the lives of law enforcement.Travis County District Attorney José Garza announced Monday his office dismissed 17 indictments against police officers after a grand jury indicted 19 of them in February 2022 on charges of aggravated assault with a deadly weapon after non-lethal rounds were fired into…
Russia made $11.3 billion in net oil revenues in October — more than any month in the year before the Ukraine war.Russia’s bumper energy takings are despite a $60-a-barrel oil price cap imposed by G7 countries.A dark fleet of tankers transporting Russian oil is helping the country’s energy trade. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Russia made more money from oil exports in October than it did in any of the months before the Ukraine war, according to a Bloomberg analysis.In October,…
Stay informed with free updatesSimply sign up to the World myFT Digest — delivered directly to your inbox.This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningGood morning.Leading central banks are preparing to push back at investor predictions of how quickly interest rates will fall, as officials meet for the final time this year amid strong employment numbers.Investors have been betting that policymakers in the US, the eurozone and the UK will start loosening monetary policy early in the new…
2/2 © Reuters. FILE PHOTO: Ukraine’s President Volodymyr Zelenskiy speaks with Hungarian Prime Minister Viktor Orban during the inauguration of newly-elected President Javier Milei, in Buenos Aires, Argentina December 10, 2023. Ukrainian Presidential Press Service/Hando 2/2 By Gabriela Baczynska and Andrew Gray BRUSSELS (Reuters) – European Union heavyweights are set for a showdown with Hungary this week over giving Ukraine billions of euros in aid and the chance to start membership negotiations, both key objectives for Kyiv as its war with Russia stalls. European Union leaders will meet for a summit in Brussels on Thursday and Friday to decide on…
Japan stocks higher at close of trade; Nikkei 225 up 1.56% Investing.com – Japan stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Tokyo, the rose 1.56%. The best performers of the session on the were Tokyo Electric Power Co., Inc. (TYO:), which rose 14.63% or 113.80 points to trade at 891.60 at the close. Meanwhile, Mitsui Engineering & Shipbuilding (TYO:) added 9.19% or 50.00 points to end at 594.00 and Chubu Electric Power Co., Inc. (TYO:) was up 5.55% or 108.50 points to 2,065.00 in late…
© Reuters. Indonesia and South Korea have finalized operational guidelines for a new local currency transactions (LCT) framework slated to begin in 2024, marking a significant step towards stronger financial integration between the two nations. The initiative will enable direct trade transactions between the Indonesian Rupiah (IDR) and the South Korean Won (KRW), streamlining cross-border payments and reducing foreign exchange risks associated with trade. The LCT framework is a result of a memorandum of understanding signed in May by Bank Indonesia (BI) and the Bank of Korea (BOK). This agreement is set to foster economic stability within Asia’s financial landscape…