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Economy and Finance
Bears return to PSX on political instability
KARACHI
Following a day’s respite, bears returned to the bourse on Thursday as the KSE-100 index shed 383 points because of weak…
Pound soars as Brexit deal announced
LONDON/SINGAPORE
The pound surged more than 1% as the U.K. and European Union announced a Brexit deal has been reached.…
Nestle to return $20b to investors
GENEVA
Nestle SA plans to return as much as $20 billion to shareholders by 2022 and indicated an appetite for acquisitions to…
IMF warns corporate debt on central bank cuts
WASHINGTON: The International Monetary Fund heightened its warnings for the corporate debt market on Wednesday, as investors…
EU annual inflation at 1.2% in September
BRUSSELS: The European Union saw inflation of 1.2% this September, the union’s statistical authority announced on Wednesday.…
Oil steadies despite weaker economic outlook weighs
LONDON/ NEW YORK/ SINGAPORE: Oil steadied below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due…
Bank of America profit falls on $2B
WASHINGTON: Bank of America Corp the second-largest US bank by assets, reported a 21% fall in quarterly profit on Wednesday, hurt…
EU posts $25.4b trade deficit in Jan-August
BRUSSELS: European Union’s foreign trade balance saw a €23.1 billion ($25.4B billion) deficit in the first eight months of 2019,…
China’s outbound investment up 3.8% in 9 months
BEIJING: China’s non-financial outbound direct investment (ODI) posted steady growth in the first three quarters of the year, data…
Global Markets: Shares lose steam, sterling off 5-mth peak with Brexit…
SYDNEY/TOKYO/SHANGHAI: Shares markets lost some steam in Asian trading on Wednesday while sterling came off five-month highs as…
