Rupee Slips as Visa Fee Hike Hits IT Stocks, Markets Close Lower MUMBAI – The Indian rupee closed weaker on Monday, ending at 88.30 against the U.S. dollar, down 0.2 percent. Equity markets also felt the heat, with both the BSE Sensex and Nifty 50 dropping 0.5 percent each. IT stocks led the decline, plunging […]
The escalation in hostilities in the Middle East – a major oil producing region – adds a fresh layer of uncertainty for financial markets at a time of heightened pressure on the global economy from U.S. President Donald Trump’s aggressive and erratic trade policies. Market reaction was swift. U.S. S&P E-mini futures slumped 1.7% and […]
The KSE-100 index rose more than 900 points on Wednesday, continuing the winning run for the Pakistan Stock Exchange (PSX), as investors gained confidence in the possibility of forming a coalition government. A mutual decision by political parties, who revealed intentions for a coalition administration during a news conference, was the catalyst for the trading […]
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 […]
