Pakistan will repay a $3.5 billion loan to the United Arab Emirates this month, two government officials said, raising fresh pressure on the country’s foreign exchange reserves and risking a breach of targets under its International Monetary Fund programme, with a further $1.3 billion Eurobond repayment due by June.The repayment…
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz.The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42%…
Latin American currencies and equities retreated as escalating Middle East conflict and a broadly stronger dollar drove investors away from risk assets, with the Chilean peso among the hardest hit despite data showing a larger-than-expected trade surplus.An MSCI index tracking publicly listed shares across the region fell 0.57%, on course…
US electricity demand is set to extend its record-breaking streak through 2027, driven by rapid growth in artificial intelligence infrastructure, cryptocurrency operations, and broader electrification across the economy, according to the latest outlook from the Energy Information Administration (EIA).The agency said power consumption, which reached a second consecutive annual record…
US stocks ended mixed on Tuesday as investors navigated heightened geopolitical uncertainty tied to President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, with late-session optimism helping broader markets recover from earlier losses.The Dow Jones Industrial Average fell 85.42 points, or 0.18%, to close at 46,584.46. Meanwhile,…
US stocks have entered April following a period of significant volatility from geopolitical friction and shifting sector leadership.The US-Iran war weighed heavily on market sentiment last month, driving and sustaining oil prices handily above $100 per barrel due to supply chain disruptions.However, a rally late in March on reports that…
Japanese stocks and the yen surged on Wednesday as investors cheered the temporary ceasefire between the United States and Iran. The USD/JPY pair fell to 158.45, its lowest level since March 24, while the blue-chip Nikkei 225 Index jumped by over 5% to ¥56,000.Japanese yen and stocks to benefit from…
South Korea’s SK Hynix climbed on Wednesday after Samsung Electronics flagged a stronger-than-expected first-quarter profit. The figure reinforced investor optimism that artificial intelligence spending will continue to support demand for memory chips even as supply remains tight.Shares of SK Hynix, South Korea’s No. 2 memory chipmaker, rose as much as…