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Chinese authorities last month intercepted 430kg (948lbs) of cocaine aided by tip-offs from the United States, indicating possible progress on the issue following an agreement on counternarcotics cooperation reached by the leaders of the two countries in October.The drugs were found inside an international container at Yantian port in Shenzhen, southern China, on November 26, state broadcaster CCTV reported on Tuesday. The case is under investigation and no other details were given.Earlier this month, China said narcotics control authorities in both countries had been steadily “advancing joint anti-drug efforts and achieving notable results”. 01:44US, China join forces to counter global…

TOKYO: Japan’s Nikkei share average dropped more than 1% on Tuesday, weighed down by declines in chip and other artificial intelligence-linked stocks ahead of crucial US employment data later in the day. The Nikkei was down 1.3% at 49,510.60, as of 0215 GMT, sliding below the psychological 50,000 mark. The broader Topix Index was down 1.2% at 3,391.23. Shares of Yaskawa Electric, a robotics company developing “physical AI”, slumped 6.1%, while data-center cable maker Fujikura slipped 5.6%, making them the biggest percentage decliners in the Nikkei. Chipmaker Renesas lost 3.6%, and silicon processor Shin-Etsu Chemical sank 3.9%. Some of Japan’s…

Gold prices edged higher on Tuesday, supported by a softer dollar, as investors awaited the release of key US jobs data that could shape expectations for the Federal Reserve’s policy path in the new year. Spot gold was up 0.1% at $4,311.64 per ounce, as of 0230 GMT, extending a year-to-date rally of more than 64% that has seen bullion smash multiple records. US gold futures were little changed at $4,333.20. The US dollar hovered near a two-month low in early Asian trade, lending support to greenback-priced bullion. “The dollar’s performance remains subdued which is helping to keep gold prices…

DH Partners Limited (DHPL) has announced plans to amalgamate with Cyan Limited into Dawood Lawrencepur Limited (DLL) through a court-approved Scheme of Arrangement. DHPL announced the development via a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Under the proposed scheme, subject to the requisite corporate and regulatory approvals, including the sanction of the Islamabad High Court, Dawood Lawrencepur will be the surviving listed entity and will issue its shares to the shareholders of DH Partners and Cyan as consideration for the amalgamation. Shareholders of DH Partners, excluding Dawood Lawrencepur, will receive 4.7724 ordinary shares of DLL for every…

The Pakistani rupee strengthened against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10:05am, the local currency was hovering at 280.15, a gain of Re0.16 against the greenback. On Monday, the local unit closed at 280.31. Internationally, the US dollar sagged to near a two-month low at the start of the Asian trading session on Tuesday as markets awaited the release of a slew of economic data, including the delayed November US jobs report. The dollar index, which measures the currency’s strength against a basket of six key rivals, was…

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee registered marginal improvement against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 280.30, a gain of Re0.01 against the greenback. On Monday, the local unit closed at 280.31. Internationally, the US dollar sagged to near a two-month low at the start of the Asian trading session on Tuesday as markets awaited the release of a slew of economic data, including the delayed November US jobs report. The dollar index, which measures the currency’s strength against a basket of six key…

Malaysians hit back online this week after Indonesia’s home affairs minister appeared to play down the significance of flood relief Malaysia sent to the neighbouring nation’s disaster-hit Aceh province, where catastrophic floods and landslides on Sumatra’s northern tip have killed more than 1,000 people.The backlash followed remarks by Home Affairs Minister Tito Karnavian in a podcast clip published on Saturday, which later went viral, in which he said that the medical supplies delivered from Malaysia were worth less than 1 billion Indonesian rupiah (US$60,000) and were “not much” compared with Indonesia’s own disaster-response resources.“Our budget and deployment are far larger…

Japanese Prime Minister Sanae Takaichi’s revival of Tokyo’s claim to islets whose symbolic weight far outweighs their size has rekindled an old dispute that may play well with nationalist supporters at home, but risks derailing hard-won diplomatic progress abroad.Seoul swiftly shot down Takaichi’s assertion last week that the rocky outcrops, known as Takeshima to Japan and Dokdo to South Korea, belong to Tokyo.“Dokdo is clearly our inherent territory,” the presidential office said in a statement on December 9, dismissing the Japanese leader’s remarks in the Diet that same day as unjustified and reiterating that “there is no territorial dispute”.It added…

Bulls continued to make further inroads at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 800 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 171,513.01, a gain of 771.67 points or 0.45%. Buying interest was observed across the board in key sectors, including automobile assembler, cement, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including HUBCO, ARL, MARI, OGDC, POL, PPL, PSO, SNGP and SSGC, traded in the green. Investors rejoice after the Monetary Policy Committee (MPC) of the State Bank of…

KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy says proposals negotiated with U.S. officials on a peace deal to end his country’s nearly four-year war with Russia could be finalized within days, after which American envoys will present them to the Kremlin before further possible meetings in the United States next weekend. Zelenskyy told reporters late Monday that a draft peace plan discussed with the U.S. during talks in Berlin earlier in the day is “very workable.” He cautioned, however, that some key issues — notably what happens to Ukrainian territory occupied by invading Russian forces — remain unresolved.U.S-led peace…