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Daily Times - Business

US stocks end volatile week at records, European shares also rise - Daily Times

US and European stocks enjoyed a banner Friday to close out a volatile week, helped by the eurozone’s economic recovery and anticipation of more blowout US earnings next week after this week’s positive round of results. All three major US indices closed at record highs, with the Dow Jones Industrial Average surging 0.7 percent to […]

Daily Times - Business

Dow ends above 35,000 for first time as US stocks hit records - Daily Times

US stocks rocketed to fresh records Friday, with the Dow finishing above 35,000 for the first time, in anticipation of more blowout earnings next week after this week’s positive round of results. All three major indices finished the week at records, with the Dow Jones Industrial Average surging 0.7 percent to close at 35,061.55. The […]

Daily Times - Business

Mexico disputes US application of USMCA rules on autos - Daily Times

Mexico is at odds with the United States over how it is applying content rules for the regional auto trade, Mexican Economy Minister Tatiana Clouthier said Friday. The dispute centers on content requirements known as rules of origin that allow cars manufactured in North America to receive duty free treatment under the regional trade pact […]

Dawn - Business

Asian spot prices for LNG rise

Pakistan LNG has sought four cargoes for delivery in September.

Dawn - Business

Crude oil imports surge 317pc in May

Data shows local production of petroleum products posted approximately five per cent growth during May from a year ago.

Daily Times - Business

Russia hikes interest rate to 6.5%, highest since 2014 - Daily Times

Russia’s central bank on Friday raised its interest rate by 100 basis points to 6.5 percent — the highest figure since a currency crisis in 2014 — as the country struggles with soaring food prices. “Inflation is developing above the Bank of Russia’s forecast,” it said in a statement, adding that the increase in its […]