Asian shares tracked Wall Street higher on Thursday, led by record highs in Japan, South Korea and Taiwan, as investors shrugged off higher oil prices from more shipping woes in the Gulf and focused on strong corporate earnings. Overnight, the S&P 500 climbed 1% and the Nasdaq jumped 1.6% to close at new record highs, helped by a strong start to earnings season that has eased concerns about t
The Pakistan Telecommunication Authority (PTA) came in action against illegal sale of therapeutic goods via websites and social media pages and got the content removed, according to a press statement issued by the authority on Wednesday. The therapeutic goods may be including medicines, medical devices, and vaccines, it was learnt. PTA said in the statement that it initiated action against w
The dollar wobbled near a 1-1/2-week high on Thursday as a standoff between Iran and the U.S. in the Middle East war and lack of progress in peace talks pulled oil prices back above $100 per barrel, weighing on investor sentiment. Tehran seized two ships in the Strait of Hormuz on Wednesday, escalating tensions after U.S. President Donald Trump extended a ceasefire with Iran indefinitely wit
Gold fell in choppy trade on Thursday as elevated oil prices fuelled fears of inflation and prolonged high interest rates, while investors looked for clarity on stalled peace talks between the U.S. and Iran. Spot gold was down 0.7% at $4,705.09 per ounce, as of 0215 GMT. U.S. gold futures for June delivery fell 0.6% to $4,722.10. Brent crude oil prices remained above $100 a barrel after
Oil prices were marginally lower on Thursday after big gains in the previous session amid the stalled peace talks between Iran and the United States, and as both nations maintained restrictions on the flow of trade through the Strait of Hormuz. Brent crude futures fell 15 cents to $101.76 a barrel, after settling above $100 for the first time in more than two weeks on Wednesday. West Texas In