Asian shares retreat after Wall Street’s mixed finish, as dollar surges

BANGKOK (WS News) — Shares retreated in Asia on Thursday after a lackluster finish on Wall Street following a report showing...

Oil heads for weekly loss as Chinese demand continues to underperform

SINGAPORE (WS News) – Oil prices fell on Friday on signs demand in China, the world’s biggest crude importer, continues to...

Dollar headed for weekly gain on slower Fed easing, inflation outlook

SINGAPORE (WS News) – The dollar was set for its best week in more than a month on Friday, buoyed by...

PSX continues promising streak with 94,763 on board

KARACHI (WS News) – The Pakistan Stock Exchange (PSX) continued its surge streak by crossing 95,000 mark ahead of weekend.  The...

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

WASHINGTON (WS News) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly...

Traders chase post-election stock gains in US options market

NEW YORK (WS News) – Options players are piling in to riskier bets across the US stock market, supporting a rally...

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market

DETROIT (WS News) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in...

Retail sales up solidly in October as Americans showed continued willingness to spend

WASHINGTON (WS News) — U.S. retail sales rose last month at a healthy pace in the latest sign that consumer spending...

Pakistan, IMF conclude talks with key commitments on taxation

ISLAMABAD (WS News)—The five-day negotiations between Pakistan and the IMF have concluded, with Pakistan successfully convincing the IMF of the provincial...

Govt keeps petroleum prices unchanged for next fortnight

ISLAMABAD (WS News) – The federal government Friday kept the petroleum prices unchanged for the next fortnight. According to a notification...