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The euro fell in European trading on Monday against a basket of global currencies, heading toward its first loss in three sessions versus the US dollar, pressured by concerns over France’s financial stability following a credit downgrade for the eurozone’s second-largest economy.   After last week’s hawkish European Central Bank meeting, the chances of further rate cuts in Europe by year-end diminished. To confirm these expectations, investors are now waiting for additional evidence on the future path of monetary easing in the euro area.   Price Overview   • Euro exchange rate today: the euro declined against the dollar by…

North Korea has threatened military retaliation in response to joint drills by South Korea, the United States and Japan, with the powerful sister of ruler Kim Jong-un and a top military official issuing parallel statements.Both denounced the ongoing drills and signalled that Pyongyang was prepared to answer with its own show of force.“Reckless muscle-flexing by the US, Japan and South Korea in the wrong location, in the surrounding areas next to the DPRK, will definitely bring unfavourable consequences,” Kim Yo-jong said on Sunday, using the abbreviation form of the country’s official name, the Democratic People’s Republic of Korea.Meanwhile, Pak Jong-chon,…

THE HAGUE, Netherlands (AP) — Former U.S. State Department spokesman James Rubin testified Monday as the first defense witness for Hashim Thaçi, the former president of Kosovo, who is accused of war crimes and crimes against humanity allegedly committed during his country’s 1998-99 war for independence from Serbia.Thaçi is on trial at the Kosovo Specialist Chambers court in The Hague with three other former leaders of the Kosovo Liberation Army guerilla group that fought Serb forces in the war. They are widely regarded as national heroes in their homeland.Rubin was with former U.S. Secretary of State Madeleine Albright at peace…

Households continued to shift money into mainland China’s US$12.7 trillion stock market last month, suggesting that a rally in equities has room to run, according to data published by the central bank.Deposits at non-banking financial institutions rose by 1.17 trillion yuan (US$164.3 billion) in August, marking a second month of increases after July saw an inflow of 2.15 trillion yuan, data from the People’s Bank of China showed. The figure covers money parked at brokerages, mutual-fund companies and trust firms.M1, a money-supply gauge measuring demand deposits that can be taken out from banks at any time, rose 6 per cent…

Households continued to shift money into mainland China’s US$12.7 trillion stock market last month, suggesting that a rally in equities has room to run, according to data published by the central bank.Deposits at non-banking financial institutions rose by 1.17 trillion yuan (US$164.3 billion) in August, marking a second month of increases after July saw an inflow of 2.15 trillion yuan, data from the People’s Bank of China showed. The figure covers money parked at brokerages, mutual-fund companies and trust firms.M1, a money-supply gauge measuring demand deposits that can be taken out from banks at any time, rose 6 per cent…

Targeting its overwhelming coal power capacity – enough to run the entire United States – China is investigating plans to convert retiring coal-fired plants into nuclear power stations.Driven by decarbonisation goals and land scarcity, this “Coal to Nuclear” (C2N) strategy proposes leveraging retiring plants’ grid and water access for compact, meltdown-proof reactors, potentially offering a faster path to clean energy than building nuclear sites from scratch.And China could be the only country capable of doing this because its high-temperature gas-cooled reactor and molten salt thorium reactor, which could generate much hotter steam than ordinary reactors to power the coal-fired gas…

LONDON (AP) — Prime Minister Keir Starmer faced calls Monday to sanction Elon Musk after the X and Tesla owner told an anti-immigration rally that violence is coming to Britain and they must fight or die.Starmer denounced violence on the fringes of Saturday’s 100,000 or more-strong “Unite the Kingdom” demonstration in London organized by far-right campaigner Tommy Robinson. Police said 26 officers were injured, four seriously, as protesters tried to breach lines separating them from a smaller anti-racist counter-demonstration. There were 25 people arrested at the event and the Metropolitan Police said more arrests would follow. Addressing the demonstration by…

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee maintained its positive momentum against the US dollar, appreciating 0.01% in the inter-bank market on Monday. At close, the rupee settled at 281.52, a gain of Re0.03 against the greenback. This was the rupee’s 27th consecutive gain against the greenback. During the previous week, the rupee gained further against the US dollar in the inter-bank market as it settled at 281.55. In line with market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided on Monday to keep the policy rate unchanged at…

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee maintained its positive momentum against the US dollar, appreciating 0.01% in the inter-bank market on Monday. At close, the rupee settled at 281.52, a gain of Re0.03 against the greenback. This was the rupee’s 27th consecutive gain against the greenback. During the previous week, the rupee gained further against the US dollar in inter-bank market, as it settled at 281.55. Internationally, the US dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal Reserve, while the euro hardly reacted…

After days of profit-taking, buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index settling with a gain of over 900 points on Monday. Positive momentum persisted throughout the trading session, pushing the benchmark KSE-100 Index to an intra-day high of 155,602.29. At close, the benchmark KSE-100 settled at 155,384.50, an increase of 944.82 points or 0.61%. In a key development, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), in line with market expectations, decided to keep the policy rate unchanged at 11% on Monday. Analysts expected that the MPC will continue to…