Pakistans Benchmark Share Index at allTime High

KARACHI, Nov 28 Reuters Pakistan39;s benchmark share index on Tuesday breached 60,000 to trade at an alltime high of 60,500.61 points, data on the Pakistan Stock Exchange website showed. Investors expect an imminent cut in the central bank39;s policy interest rate, currently set at a record high 22. Inflation appears to have peaked, having slowed to 26.9 […]
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Stocks Steady as Dollar Dithers ahead of US Data

LONDON, Nov 28 Reuters Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at threemonth lows and supported gold above 2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in the […]
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Volkswagen to Reduce Headcount at no Longer Competitive VW Brand

BERLIN, Nov 27 Reuters Volkswagen39;s 10 billion euro 10.9 billion savings programme will include staff reductions, managers told staff on Monday as brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive. The German carmaker is in the midst of negotiations with its works council over a costcutting scheme at its VW […]
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China Approves First Batch of ConsumptionRelated REITs

SHANGHAI, Nov 27 Reuters China39;s securities regulator has approved three applications for the country39;s first publicly traded consumptionrelated REITs, although market participants say persistent concerns about the property sector will weigh on appetite for new products. The commercial real estate investment trusts REITs approved by the China Securities Regulatory Commission CSRC are backed by properties […]
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Thailand to Lower 2023 Growth Forecast after Weak Q3

BANGKOK, Nov 27 Reuters Thailand39;s previous 2023 economic growth forecast of 2.7 will be lowered after a weakerthanexpected third quarter, Deputy Finance Minister Krisada Chinavicharana said on Monday. Southeast Asia39;s secondlargest economy expanded much slower than expected, at 1.5, in the JulySeptember quarter from a year earlier, the slowest this year, due to declining exports and government […]
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