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A bleak year for the US dollar is drawing to a close with signs of stabilization, but many investors believe the currency’s decline will resume next year as global growth improves and the Federal Reserve moves further toward monetary easing. The US dollar has fallen by about 9% this year against a basket of currencies (DXY), heading for its worst annual performance in eight years. The decline has been driven by expectations of interest rate cuts by the Federal Reserve, narrowing interest rate differentials with other major currencies, as well as rising concerns over US fiscal deficits and political…
Pakistan International Airlines Corporation Limited (PIACL) is all set to enter the bidding process tomorrow (Tuesday) for its privatisation, with three bidders expected to submit their offers to acquire management control of the national carrier. Meanwhile, Fauji Foundation has withdrawn from the process, a PIA spokesperson confirmed. The three bidders are: A consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited A consortium comprising Arif Habib Corporation Limited, Fatima Fertiliser Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited Air Blue (Private) Ltd. This will be the government’s…
While China has already logged a record-breaking trade surplus in the first 11 months of 2025, that milestone could be a harbinger of more protectionist pushback, an American research firm said on Monday – a development that could complicate the country’s efforts to meet its economic growth target in 2026.Though export performance remains the “most important” variable for China’s real economic growth rate next year, trade measures adopted by other countries and weaker demand will also have an impact, according to Rhodium Group co-founder Daniel Rosen.Changes to external demand and inventory restocking in developed economies – which the International Monetary…
China’s leader has promoted two PLA commanders who oversee the Taiwan Strait and the city of Beijing, suggesting that the dust has begun to settle following a massive purge in the military over corruption concerns.The move formally confirms Yang as head of the Eastern Theatre Command. Yang previously served as a lieutenant general in the PLA Air Force. A PLA theatre commander typically holds the rank of general, the highest active-duty rank in China.He succeeds Lin Xiangyang, whose expulsion from the Communist Party over serious violations of discipline and law was announced in October.Headquartered in Nanjing, Jiangsu province, the Eastern…
My top 10 things to watch Monday, Dec. 22 1. Stocks were headed for a higher open to kick off the holiday-shortened trading week . This follows a volatile week , during which the S & P 500 logged its third winning week in the past four. Still, there’s doubt about whether a “Santa Claus Rally” will actually happen. The New York Stock Exchange will close early on Wednesday for Christmas Eve, and will be closed entirely on Thursday for Christmas Day. 2. Gold soared to another record high earlier this morning. Prices have jumped around 70% since the start of…
A bleak year for the US dollar is drawing to a close with signs of stabilization, but many investors believe the currency’s decline will resume next year as global growth improves and the Federal Reserve moves further toward monetary easing. The US dollar has fallen by about 9% this year against a basket of currencies (DXY), heading for its worst annual performance in eight years. The decline has been driven by expectations of interest rate cuts by the Federal Reserve, narrowing interest rate differentials with other major currencies, as well as rising concerns over US fiscal deficits and political…
Beijing has lodged a protest with Tokyo over a series of visits to Taiwan by high-ranking officials from Japan’s ruling Liberal Democratic Party (LDP) amid a sharp downturn in bilateral relations.Koichi Hagiuda, an LDP lawmaker and the party’s executive acting secretary general, is on a three-day trip to Taiwan that will end on Tuesday. Hagiuda on Monday held a meeting with William Lai Ching-te, Taiwan’s leader.In total, about 30 Japanese lawmakers plan to visit the island between the end of this year and early next year, according to Taiwan’s Central News Agency.Three LDP lawmakers – Keisuke Suzuki, a former Japanese…
China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their financial standing – part of a broader push to bolster the economy and repair household balance sheets.The People’s Bank of China said the measure targets borrowers with a single instance of overdue debt incurred between 2020 and 2025 and not exceeding 10,000 yuan (US$1,421). If the debt is fully repaid by March 31, the default record will be hidden from credit reports.“The policy was introduced to help pandemic-hit borrowers, who are actively repaying their loans, rebuild their credit swiftly,” the PBOC said…
China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a survival plan in the US, up sharply from US$400 billion earlier this year, according to two sources.With the deadline for a sell-or-ban law looming, TikTok CEO Chew Shou Zi informed employees last week that the company had signed a binding agreement to divest its US entity into a joint venture controlled by American investors.“Investors are happy about the deal’s terms as ByteDance can continue to reap earnings from TikTok in the US,” said one of the sources, who is…
MUMBAI: Indian government bond yields climbed on Monday, with the benchmark bond yield posting its biggest single-session rise in four months, as increased state debt supply sparked a selloff, triggering stop-losses that further intensified the pressure. The benchmark 10-year yield ended at 6.6678%, highest since March 18, after ending at 6.6017% on Friday. Bond yields rise when prices fall. “With 6.65% taken out without much effort, stop-losses have been triggered, which is leading to levels that were not even imagined some time back,” trader with a state-run bank said. “Bond yields may remain stickier on the higher side due to…