Donald Trump’s victory was secured on an unequivocal promise to exhausted American families that he would “end inflation,” but markets and economists expect his second term to do the opposite. A combination of corporate tax cuts, government borrowing, lower immigration, and swinging tariffs on foreign imports is expected to heat the US economy and raise … Read more
UK markets steadied on Friday, offering some reassurance to Rachel Reeves as investors, policymakers and business continue to digest the scale and implications of her first Budget. Testified on Thursday An unusually large increase In the cost of UK government borrowing in response to the massive package of tax rises and increased borrowing. Yields on … Read more
The cost of government borrowing jumped, while UK stocks and the pound rose, as markets digested news of billions in borrowing and tax rises announced in the Budget. while There was no panicThere has been concern about the amount of borrowing and changes to the Chancellor Rachel ReevesWhich she imposed on herself Borrowing rules. When … Read more
U.S. stocks set another record Thursday following some mixed reports on the economy. The S&P 500 rose 29.11 points, or 0.6%, to 5,029.73 and squeaked by its prior all-time high set last week. The Dow Jones Industrial Average gained 348.85, or 0.9%, to 38,773.12, and the Nasdaq composite climbed 47.03, or 0.3%, to 15,906.17. TripAdvisor … Read more
Pakistan Stock Exchange (PSX), after bottoming out at a three-year low in 2023, ended the year as the best performing bourse around the globe in the backdrop of a $3 billion International Monetary Fund (IMF) loan programme, disappearance of chances of debt default and successful completion of first IMF review. The benchmark KSE-100 index registered … Read more
KARACHI: IT consultants and experts are urging a strategic exploration of new and non-traditional markets, particularly Gulf Cooperation Council (GCC) countries. The goal is to attract foreign direct investments (FDI) and boost exports in the Information Technology (IT) and IT-enabled services sector. Several leading companies have already established their presence in these markets by … Read more