Gold falls on oil-driven inflation worries as US–Iran peace talks falter
Gold prices fell on Monday, as a lack of progress in U.S.–Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer.…
Iron ore rallies for sixth day on upbeat Chinese data
SINGAPORE: Iron ore futures gained for the sixth session on Monday on a raft of upbeat data from top consumer China, as lower steel exports are expected to help rebalance…
Japan, Shanghai rubber futures decline on weaker tyre demand
Japanese rubber futures fell on Monday, tracking losses in Chinese rubber futures, as sluggish tyre demand and high inventories weighed on prices. The Osaka Exchange (OSE) rubber contract for October…
Copper rises on upbeat China data, supply concerns after Freeport delay
Copper prices edged higher on Monday, supported by stronger-than-expected inflation data from top consumer China and supply concerns after Freeport delayed a full recovery of its Grasberg mine in Indonesia.…
European shares tepid as markets weigh US-Iran deadlock
European shares were muted on Monday, as stalled U.S.-Iran peace negotiations pushed oil prices higher and weighed on risk appetite. The pan-European STOXX 600 was flat at 611.67 points, as…
Weather tracker: US and Mexico brace for heatwave as deadly floods hit South Africa
Temperatures soar in California and Arizona, while deluge continues across Western and Northern Cape Heat is expected to intensify across western parts of the US and Mexico this week as…
Police say 25 sacrificial goats worth Rs1.9m stolen from Karachi’s Gulistan-i-Jauhar
KARACHI: Twenty-five sacrificial goats worth Rs1.9 million were stolen from Gulistan-i-Jauhar, police said on Monday. Malir Cantt Station House Officer (SHO) Agha Abdul Rasheed told Dawn that a man had…
Justice Aurangzeb calls for encouraging alternative dispute resolution, says SC to establish mediation centre
Justice Miangul Hassan Aurangzeb has called on the judiciary to encourage alternative dispute resolution (ADR) and detailed the Supreme Court’s ongoing efforts to establish a mediation centre. In remarks aired…
IT exports projected to reach $4bn during current fiscal year, PM Shehbaz told
Prime Minister Shehbaz Sharif was told on Monday that Pakistan’s information technology exports were expected to reach $4.5 billion to $4.6bn, according to the Prime Minister’s Office (PMO). The development…
PTCL warns of internet slowdown during submarine cable maintenance
A planned maintenance activity will be carried out on one of the submarine cables, aimed at repairing a fault by the international cable consortium, according to the Pakistan Telecommunication Company…