Shares in Nissan soared as much as 24 percent, while Honda dipped more than three percent. Mitsubishi Motors — of which Nissan is the top shareholder — gained almost 20 percent. Japan’s number two and three automakers behind Toyota had already agreed in March to explore a strategic partnership on EVs. “We are discussing possibilities […]
KSE-100 shed 282.88 points or 0.31 percent to settle at 92,021.44 points at the closing of the stock market, as against the previous day’s closing of 92,304.32. A total of 889.16 million shares were exchanged during the trading session at the PSX, compared with the previous day’s turnover of 752.66 million shares. Analysts at Topline […]
At 10:16 a.m. ET (14:16 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 7.92 points, or 0.03%, at 22,980.36, and looked to register a weekly decline. US nonfarm payrolls increased less than expected in August, while the unemployment rate slipped to 4.2%, indicating an orderly labor market slowdown that does not warrant a […]
Improvements in the Belgian, Dutch, and French electric-vehicle (EV) markets failed to offset a drop of almost 37% in Germany’s battery-electric sales, the European Automobile Manufacturers Association (ACEA) said. WHY IT’S IMPORTANT Car sales have shown mixed trends across the bloc, in part due to diverging policies on green incentives, while regulators have imposed hefty […]
China will make tech innovation a new point of economic growth and is willing to collaborate with other countries on it, Zhao, the chairman of the Standing Committee of the National People’s Congress, said at the opening plenary of the annual gathering of the Boao Forum for Asia. China’s import and export of goods is […]
OPay, a leading unicorn in the fintech industry with a valuation of $3 billion (backed by world-class investors, including SEQUOIA, SoftBank, IDG Capital, etc.), today announced a strategic reevaluation of its acquisition plans in the Pakistani market and has decided not to proceed with the acquisition of Seedcred Financial Services Ltd. The decision to reassess […]
The US tech giant’s chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. This could fan fears of a slowdown in demand for the U.S. company, whose revenue forecast for the current quarter was $6 billion below Wall Street expectations. Shares of the […]
Gulf Oil International Limited (Gulf), a global leader in providing a comprehensive range of high-performance lubricants and related products across a diverse range of market segments for more than a century, has partnered with OTO Pakistan (Private) Limited (OTO) in the Pakistan market. OTO is a conglomerate in retail fuel stations and an independent chain […]
According to data issued by the Pakistan Bureau of Statistics (PBS), the price of good quality onion has seen a surge in the domestic markets as retailers blame massive exports for the price spiral. Onion is being sold at Rs320 per kg at the retail level in Islamabad. Meanwhile, the most sought-after commodity compared to […]
Shares of social networking service Twitter have taken a hit amid the tussle with the Indian; government over the new IT rules. Modi government’s decision to tame the networking site accused of spreading fake news has stemmed from a rally in the NYSE-listed stocks. On June 16, the networking site lost its intermediary status in […]
