us News

U.S. tariff hike raises pressure on Asian allies

U.S. President Donald Trump has targeted Japan and South Korea, two of America’s closest allies in Asia in the first round of newly issued “tariff letters,” escalating existing trade tensions.

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China, U.S. agree on rare earth, tech trade terms

The United States and China have confirmed the details of a trade framework aimed at enabling rare earth exports and easing technology-related restrictions,

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Pakistan, U.S. move quickly toward trade deal

Pakistan offered to increase American imports, particularly cotton, as trade talks with the United States moved forward rapidly, with both sides aiming to conclude negotiations next week.

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Pakistan, US strengthen bilateral partnership

Pakistan and the United States have reaffirmed their commitment to strengthening bilateral relations, with a particular focus on enhancing trade cooperation.

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US new-home market suffers biggest drop since 2022

US purchases of new homes fell sharply in May, marking the steepest decline in almost three years, as affordability constraints overshadowed aggressive sales incentives.

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China can buy oil from Iran, hope they buy more from US: Trump

US President Donald Trump stated that China could continue purchasing oil from Iran following US airstrikes on three Iranian nuclear facilities over the weekend.

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PSX Closing Bell: Red Ink Everywhere

The benchmark KSE-100 Index concluded Monday's trading session at 116,167.47, showing a decrease of 3,855.76 points or 3.21%.

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Chinese President warns “The World Can Move On Without the US”

Amid escalating Israel-Iran tensions, Chinese President Xi Jinping issued a sharp reminder from history, stating in a post on X that “the world can move on without the United States.”

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Pakistan, US advance talks on reciprocal tariffs

Pakistan and the United States advanced discussions on reciprocal tariffs during a virtual meeting between Pakistan’s Finance

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Stock futures rise despite escalating Israel-Iran tensions

Stock futures rose early Monday as the escalating conflict between Israel and Iran spiked oil prices and

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U.S. stock futures fall after Israel strikes Iran

U.S. stock futures declined early Friday following Israel's airstrike on Iran, with investors reacting sharply to escalating geopolitical tensions.

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U.S. confirms no role in Israeli attack on Iran

Israel acted independently in launching strikes against Iran, U.S. Secretary of State Marco Rubio confirmed

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Huawei set to fill AI gap in China as U.S. restricts chip access

If the U.S. continues to impose Artificial Intelligence (AI) semiconductor restrictions on China, then chipmaker Huawei will take advantage of its position in the world’s second-largest economy, said Nvidia CEO Jensen Huang...

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Iran, U.S. to hold 6th round of nuclear talks in Oman

Iran and the United States will hold a sixth round of negotiations over Tehran’s rapidly advancing nuclear program this Sunday in Oman, the sultanate’s foreign minister said Thursday, as regional tensions have spiked in recent days...

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Pakistan, US kick off reciprocal tariff discussions virtually

Pakistan’s formal negotiations on reciprocal tariffs with the US were initiated today through a telephonic/conference call between Muhammad Aurangzeb...

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Govt of Pakistan vows to strengthen trade with US

The government of Pakistan has reaffirmed its commitment to deepening Pakistan-US trade relations in the coming years...

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Iran rejects U.S. call to halt uranium enrichment

Iran criticized the United States for what it called inconsistent and hostile conduct in the ongoing nuclear talks, rejecting Washington’s demand for zero...

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US sanctions companies involved in Iran's oil exports to China

The US Treasury Department has imposed sanctions on a network of nearly two dozen companies and shipping...

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Pakistan vows support for domestic, foreign investors

The government has reiterated its commitment to create a conducive and enabling business environment for both domestic...

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Trump exempts smartphones, computers, tech devices from new tariffs

President Donald Trump exempted smartphones, computers, and other tech devices and components from his reciprocal tariffs, new guidance from U.S. Customs and...

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U.S. CPI falls in March, while Trump's tariffs raise inflation risks

U.S. consumer prices unexpectedly fell in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on...

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Pakistan to send high-level delegation to U.S. for tariff negotiations

Pakistan has decided to send a high-level delegation to the United States to negotiate new tariffs imposed on imports and to promote trade relations...

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Tariff revenues to narrow US budget deficit: Fitch

Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size...

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Major currencies strengthen against US dollar despite tariffs

The currencies of most major economies have appreciated against the US dollar since the start of 2025, despite the massive jump in US tariffs, Fitch Ratings...

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US shows emerging market signs after tariff shock, says Euronext CEO

The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial...

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U.S. stock market loses nearly $11tr since Jan 17, ahead of Trump’s 2nd term

Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and...

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World growth slows as US trade war fuels inflation, delays Fed rate cuts

The new US administration has started a global trade war that will reduce US and world growth, push up US inflation, and delay Federal Reserve rate cuts...

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Pakistan's strong ties with the US highlighted by Senate Chairman

Pakistan's relationship with the United States is a cornerstone of its foreign policy, with Chairman Senate Syed Yousuf Raza...

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Pakistan has great potential for investment: Khurram Schehzad

The visit of the US investors' delegation to Pakistan and their interest in investment in key sectors including mining and minerals, renewable energy...

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PM hosts U.S. investors to explore economic opportunities

Pakistan's dynamic investment landscape and its promising economic potential were at the forefront...

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Fed to hold rates steady amid Trump policy pressures

U.S. Federal Reserve policymakers meeting next week are expected to keep interest...

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Pakistan seeks stronger cooperation with US: Mohsin Naqvi

Pakistan places special importance on bilateral relations with the United States...

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Spot gold falls as U.S. inflation data fuels Fed rate cut hopes

Gold prices eased on Friday but were still headed for a third consecutive week of gains, as U.S. inflation data and dovish comments from a Federal Reserve...

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Pakistan, U.S. seek stronger trade, investment ties

Pakistan and the United States discussed bilateral ties and expressed hope that trade and investment relations between the two nations will continue to grow...

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US posts $711bn deficit in Q1 of fiscal 2025

The U.S. government posted an $87 billion budget deficit in December...

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US equity futures rise slightly in Asia

US equity futures edged higher in Asia, with S&P 500 futures rising 0.1% and Nasdaq 100...

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Biden strengthens AI infrastructure with executive order

President Joe Biden signed an ambitious executive order on artificial intelligence...

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Pak-US to enhance trade, investment ties

Pakistan and the United States aim to strengthen bilateral relationships, particularly in the areas of trade, investment, and economic cooperation, by...

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U.S. debt hits $36.17tr: Musk predicts economic crisis

The United States national debt has hit a record-breaking $36.17 trillion...

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US hiring bounces back after setbacks from hurricanes, strikes

US Economy Adds 227,000 Jobs in November, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes...

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US technology, Saudi investment, and Pakistan workforce to drive IT sector growth

Ambassador Rizwan Saeed Sheikh inaugurated the Pakistan-U.S. Tech Investment Conference and unveiled the "Digital Trinity" concept...

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Effect of US election outcome on sovereign credit profiles will vary, Fitch says

The re-election of Donald Trump as US president, supported by likely Republican majorities in both houses of Congress...

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North American corporates to face rising debt costs despite monetary easing

North American investment-grade (IG) corporates could see the cost of debt rise in the next few years despite monetary policy easing, says Fitch Ratings...

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US housing market needs more Fed rate cuts to boost supply: Fitch

Federal Reserve rate cuts will relieve pressures on the U.S. housing market, but mortgage rates are unlikely to fall below 5% before 2027, Fitch Ratings says.

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US inflation falls to 2.5% in August

US annual inflation rate fell to 2.5% in August, setting the stage for the Federal Reserve to start cutting interest rates at its meeting next week...

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US warns Pakistan of ramifications from Pakistan-Iran pipeline

The United States has warned Pakistan of the potential ramifications of considering business deals with Iran...

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US trade protectionism likely to rise based on election outcome

The outcome of November’s US elections could result in a renewed surge in US trade protectionism, Fitch Ratings says...

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US loan default rate remains above 4% amid macroeconomic pressures

The trailing 12-month (TTM) U.S. leveraged loan (LL) default rate remained above 4.0% in July, Fitch Ratings says...

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Fitch identifies key challenges for Chinese corporates if Trump wins re-election

Fitch Ratings believes that if Donald Trump wins a second presidential term, the primary challenges for Chinese corporates from potential US policy changes...

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US unemploment rate surges to highest in nearly three years

US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years...

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Market prices in three Fed rate cuts this year

US government bonds rallied on economic data seen as cementing the case for three Federal Reserve interest-rate cuts this year...

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US Fed leaves rates unchanged for eighth consecutive meeting

The US Federal Reserve kept interest rates unchanged at 5.25-5.5% for the eighth straight meeting on Wednesday, in line with the market expectations...

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US markets suffer worst day since 2022

Investors soured on the promise of artificial intelligence Wednesday, sparking a $1 trillion rout in the Nasdaq 100 Index...

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US inflation cools to lowest since 2021

US inflation cooled broadly in June to the slowest pace since 2021 on the back of a long-awaited slowdown in housing costs...

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Pakistani envoy invites US investors to tap into growth sectors

Pakistan's Ambassador to the US Masood Khan has invited American entrepreneurs and corporate leaders to make investments in Pakistan...

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US State economies show strength, future growth may wane: Fitch

Economic growth remains solid for U.S. state governments overall, although initial data point to weaker medians in the coming months...

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Finance Minister briefs US Ambassador on key investment sectors

Pakistan's Finance Minister, Muhammad Aurangzeb, apprised the US Ambassador to Pakistan Donald Blome of potential investments from investors in...

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Consumer spending growth in US to remain below trend in 2HCY24

Consumer spending growth is waning amidst sticky inflation, weaker income growth and deteriorating consumer sentiment, setting the stage for below trend...

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US credit outlook hinges on interest rate uncertainty

Interest rates remain a key risk for U.S. credit following a strong Q1 2024 characterized by robust domestic demand, improved market liquidity...

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US financial market shifts to T+1 settlement cycle this month

The US, world’s largest financial market, will transition to a shorter settlement cycle of T+1 from the existing T+2 settlement cycle starting from May...

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Major US banks report negative YoY earnings growth in Q1 2024

The majority of the twenty largest U.S. banks in Fitch’s rated portfolio (excluding the Trust & Processing banks and foreign banking organizations...

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Human rights, security at forefront of US-Pakistan talks

To discuss a broad range of issues important to the bilateral relationship, including U.S. support for continued economic reforms, human rights, and regional...

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US Fed leaves interest rates unchanged at 5.5%

The US Federal Reserve decided to leave interest rates unchanged at 5.25%-5.5% for the sixth consecutive meeting....

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US warns of sanctions risk as Pakistan inks deals with Iran

The US has warned of sanctions risks for Pakistan after the government in Islamabad signed security and economic deals with Iran during a visit by President...

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Powell signals rate-cut delay after run of inflation surprises

Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series...

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US inflation surges 3.5% YoY in March

The U.S. consumer price index (CPI) for March 2024 rose by 3.5% YoY, as compared to the 3.2% YoY in February, and higher than the market expectations of...

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US Fed’s Bostic sees one rate cut in 2024

Federal Reserve Bank of Atlanta President Raphael Bostic reiterated his expectation for one interest-rate cut this year, but added he’s open to changing his...

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Credit burden spurs growth in PIK interest options for middle-market borrowers

Interests paid-in-kind (PIK) are likely to rise among private middle-market loans in the US through both amendments to existing loans and as...

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US oil output to hit record high as prices drop

US oil production is set to end the year at a record pace of about 14 million barrels a day as falling costs and improved drilling efficiency overshadow...

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US pledges continued collaboration with Pakistan on economic, security issues

U.S. Ambassador Donald Blome and Pakistan's Foreign Minister Ishaq Dar held comprehensive talks on a wide range of bilateral issues...

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US inflation rises 3.2% YoY in February

The U.S. consumer price index (CPI) for February 2024 rose by 3.2% YoY, as compared to the 3.1% YoY in January, and slightly higher than the market...

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US housing agencies embrace public-private collaboration for affordable homes

U.S. local governments and state housing agencies are seeking to curb the widening affordability gap by entering into public-private partnerships to build....

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US real estate market sees unsustainable surge in home price appreciation

National home prices in the U.S. were 11.1% overvalued for 3Q2023 on a population-weighted average basis and overvaluation is expected to remain...

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Asian stocks rally as US inflation data eases rate fears

Asian equities and European futures advanced on Friday after US stocks hit records on the back of in-line inflation data...

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Pakistan receives global appeal to end electoral internet blockades

Observing the internet outages and restrictions currently prevailing in Pakistan, certain countries including United States and Britain have expressed deep ..

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US Fed seeks more clarity on inflation before cutting rates

Minutes of the US Federal Open Market Committee (FOMC) showed most participants noted the risks of moving too quickly to ease the stance of policy...

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Federal Reserve to trim treasury, mortgage holdings despite rate cut prospects

The US Federal Reserve is likely to continue to run down its holdings of US Treasury (UST) and mortgage-backed securities (MBS) until end-2024...

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US CPI jumps more than expected, up 3.1% YoY

The U.S. consumer price index (CPI) for the month of January 2024 rose by 3.1% YoY, as compared to the 3.4% YoY numbers in December, but higher than the...

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Ambassador Masood Khan spotlights investment potential in Pakistan's growing economy

The economy of Pakistan is expanding and growing, offering foreign investors the opportunity to scale up their investments and reap significant...

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Ministry of Health establishes task force for coordinated action

The Ministry of Health has formed a task force that will ensure coordinated actions between the federation and the provinces, donors, and stakeholders...

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Fitch upgrades US real consumer spending forecast to 1.3% for 2024

U.S. consumer spending was remarkably resilient in 2023, underpinned by robust job and income gains, strong household balance sheets and finances...

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SIFC spearheads efforts to boost foreign Investments in Pakistan

The newly established Special Investment Facilitation Council (SIFC) is taking practical steps to remove hurdles in the way of foreign investors...

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Pakistan tops list for profitable US investments: Ambassador Masood Khan

Pakistan is the most attractive and profitable investment destination for US investors and the Special Investment Facilitation Council (SIFC...

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Major US banks face tough Q4 with weak results, one-time charges

Large U.S. banks reported weak fourth-quarter results driven by material one-time charges, capping a challenging year of fee income headwinds...

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US inflation jumps 3.4% YoY in December, outpacing market forecast

The U.S. consumer price index (CPI) for the month of December 2023 rose by 3.4% YoY, as compared to the 3.1% YoY in November...

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US inflation likely to soften as goods sector falters: Bloomberg

The US consumer price-based inflation data which is due Thursday will probably show another soft reading thanks in part to more declines in the goods sector...

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European, US leveraged default rates expected to rise further in 2024

Leveraged finance default rates increased in 2023 in Europe and the US and will continue to rise in 2024 due to high-interest cost...

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North American credit faces deteriorating 2024 outlook: Fitch

Sharply slowing economic growth, higher unemployment and continued tight financing conditions are key factors underpinning Fitch Ratings...

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Growing US BDCs to face long term strain amidst rising competition

The rapid growth of U.S. perpetual non-traded business development companies (BDCs) will experience heightened credit performance....

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US Fed sees interest rates staying high for some time

Federal Reserve policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were...

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US public debt hits record $34tr as congress enters funding dispute

The U.S. federal government's total public debt has reached $34 trillion for the first time, the U.S. Treasury Department reported on Tuesday...

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Rising interest costs pose threat to US, European companies

Elevated interest expense burdens will continue to prove challenging for highly levered speculative-grade companies in the U.S. and Europe and will result in...

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US PCE sees first decline since July 2022, down by 0.1% MoM in November

The U.S. personal consumption expenditure (PCE) for the month of November 2023 went down by 0.1% month-over-month (MoM), marking the first negative....

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Fitch predicts challenges for US CLOs amidst global economic downturn

The global macroeconomic slowdown will be a headwind for U.S. collateralized loan obligations (CLOs) in 2024, given the outlook for various...

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Goldman Sachs sees Fed cutting rate sooner, deeper in 2024

Goldman Sachs Group Inc. economists revised their outlook for the Federal Reserve in 2024, now anticipating a faster and steeper...

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US Fed leaves rates unchanged, expects to cut them by 75bps in 2024

The US Federal Reserve decided to leave interest rates unchanged at 5.25%-5.5% for the third consecutive meeting but indicated cumulative rate cuts of 75...

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US banks to face liquidity, margin pressure in 2024: Fitch Ratings

Fallout over ‘higher for longer’ interest rates will continue to pressure liquidity and margins for U.S. banks in 2024...

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Pakistani envoy hails students in US as bridges, builders for stronger ties

Pakistani students in the US not only bridge ties between Pakistan and the US but also contribute to their home country through.....

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East Asia faces weakened financial conditions in 3QCY23 amid US rate hike expectations

Financial conditions in emerging East Asia weakened in the third quarter of 2023 amid expectations of higher interest rates for.....

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US leveraged loan default rate surges above 3%: Fitch Ratings

Six defaults in the last 30 days have brought the United States (US) trailing twelve-month (TTM) leveraged loan default rate back above....

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Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%

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U.S. tariff hike raises pressure on Asian allies

China, U.S. agree on rare earth, tech trade terms

Pakistan, U.S. move quickly toward trade deal

Pakistan, US strengthen bilateral partnership

US new-home market suffers biggest drop since 2022

China can buy oil from Iran, hope they buy more from US: Trump

PSX Closing Bell: Red Ink Everywhere

Chinese President warns “The World Can Move On Without the US”

Pakistan, US advance talks on reciprocal tariffs

Stock futures rise despite escalating Israel-Iran tensions

U.S. stock futures fall after Israel strikes Iran

U.S. confirms no role in Israeli attack on Iran

Huawei set to fill AI gap in China as U.S. restricts chip access

Iran, U.S. to hold 6th round of nuclear talks in Oman

Pakistan, US kick off reciprocal tariff discussions virtually

Govt of Pakistan vows to strengthen trade with US

Iran rejects U.S. call to halt uranium enrichment

US sanctions companies involved in Iran's oil exports to China

Pakistan vows support for domestic, foreign investors

Trump exempts smartphones, computers, tech devices from new tariffs

U.S. CPI falls in March, while Trump's tariffs raise inflation risks

Pakistan to send high-level delegation to U.S. for tariff negotiations

Tariff revenues to narrow US budget deficit: Fitch

Major currencies strengthen against US dollar despite tariffs

US shows emerging market signs after tariff shock, says Euronext CEO

U.S. stock market loses nearly $11tr since Jan 17, ahead of Trump’s 2nd term

World growth slows as US trade war fuels inflation, delays Fed rate cuts

Pakistan's strong ties with the US highlighted by Senate Chairman

Pakistan has great potential for investment: Khurram Schehzad

PM hosts U.S. investors to explore economic opportunities

Fed to hold rates steady amid Trump policy pressures

Pakistan seeks stronger cooperation with US: Mohsin Naqvi

Spot gold falls as U.S. inflation data fuels Fed rate cut hopes

Pakistan, U.S. seek stronger trade, investment ties

US posts $711bn deficit in Q1 of fiscal 2025

US equity futures rise slightly in Asia

Biden strengthens AI infrastructure with executive order

Pak-US to enhance trade, investment ties

U.S. debt hits $36.17tr: Musk predicts economic crisis

US hiring bounces back after setbacks from hurricanes, strikes

US technology, Saudi investment, and Pakistan workforce to drive IT sector growth

Effect of US election outcome on sovereign credit profiles will vary, Fitch says

North American corporates to face rising debt costs despite monetary easing

US housing market needs more Fed rate cuts to boost supply: Fitch

US inflation falls to 2.5% in August

US warns Pakistan of ramifications from Pakistan-Iran pipeline

US trade protectionism likely to rise based on election outcome

US loan default rate remains above 4% amid macroeconomic pressures

Fitch identifies key challenges for Chinese corporates if Trump wins re-election

US unemploment rate surges to highest in nearly three years

Market prices in three Fed rate cuts this year

US Fed leaves rates unchanged for eighth consecutive meeting

US markets suffer worst day since 2022

US inflation cools to lowest since 2021

Pakistani envoy invites US investors to tap into growth sectors

US State economies show strength, future growth may wane: Fitch

Finance Minister briefs US Ambassador on key investment sectors

Consumer spending growth in US to remain below trend in 2HCY24

US credit outlook hinges on interest rate uncertainty

US financial market shifts to T+1 settlement cycle this month

Major US banks report negative YoY earnings growth in Q1 2024

Human rights, security at forefront of US-Pakistan talks

US Fed leaves interest rates unchanged at 5.5%

US warns of sanctions risk as Pakistan inks deals with Iran

Powell signals rate-cut delay after run of inflation surprises

US inflation surges 3.5% YoY in March

US Fed’s Bostic sees one rate cut in 2024

Credit burden spurs growth in PIK interest options for middle-market borrowers

US oil output to hit record high as prices drop

US pledges continued collaboration with Pakistan on economic, security issues

US inflation rises 3.2% YoY in February

US housing agencies embrace public-private collaboration for affordable homes

US real estate market sees unsustainable surge in home price appreciation