Beyond Today, Into Tomorrow
UK’s biggest banks, including HSBC and NatWest, are set to follow their European counterparts and raise profit targets when they report annual earnings in the coming weeks, people close to the matter said. HSBC is expected to lift its return on tangible equity (ROTE) outlook – a key measure of profitability – above its current…
India and the European Union have concluded negotiations on a long-coveted trade deal that will be announced today, Tuesday, 27 January 2026, the South Asian nation’s trade secretary said on Monday, an accord both sides hailed as historic as they contend with strained U.S. ties. The deal paves the way for free trade of goods…
Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the US Gulf Coast. Brent crude futures fell 28 cents, or 0.4%, to $65.31 a barrel at 0145 GMT. US West Texas Intermediate crude was at $60.39 a barrel, down 24 cents, or 0.4%. In the US,…
Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties. Spot gold rose 1.79% to $5,071.96 per ounce by 0159 GMT, after touching $5,085.50 earlier. US gold futures for February delivery gained 1.79% to $5,068.70 per ounce. The…
KARACHI: National Savings has announced major shake-up in profit rates for its savings products, effective January 23, 2026. Central Directorate of National Savings (CDNS) dropped bombshell as profit rates on famous savings schemes took a sharp dive. From Defence Savings Certificates to Special Savings and Islamic accounts, returns that many had relied on for steady…
Venezuela wants to boost oil production by at least 18 percent this year through reforms that will fully open the sector to private investors, the head of the state oil giant PDVSA said Saturday. The country’s interim president, Delcy Rodriguez, proposed the legislative reforms last week and it passed a first reading Thursday in parliament,…
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said maritime sector posted a record Rs100 billion ($360 million) profit in 2025 after a year of sweeping reforms that improved port efficiency, cut costs and cleared long-delayed policies aimed at positioning the country as a regional trade and logistics hub. Junaid Anwar Chaudhry, outlining…
Silver prices rose above $100 an ounce for the first time ever on Friday, while gold hit another record en route to $5,000/oz as investors pile into safe-haven assets amid geopolitical turmoil and on expectations for U.S. interest rate cuts. Spot silver jumped 4.5% to $100.49 an ounce by 1649 GMT. “Silver should continue to…
NEW YORK/LONDON: Oil prices rose on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through fresh sanctions on vessels that transport its oil, and announced that an armada was heading towards the Middle Eastern nation. Trump’s statements renewed warnings to Tehran against killing protesters or restarting its nuclear program. The escalating pressure…
Davos: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised the economic reforms undertaken by the Pakistani government under the leadership of Prime Minister Shehbaz Sharif. Speaking to the media at the World Economic Forum in Davos, Switzerland, Georgieva said she has the “utmost respect” for Prime Minister Shehbaz Sharif. “The Prime Minister is…
