Business News

Tokyo shares close higher after Yellen comments

  • TOKYO, (APP/AFP) – Tokyo shares rose in thin trading Tuesday as the market digested comments by Federal Reserve chief Janet Yellen, who said overnight that any US interest rate hike would be gradual. The benchmark Nikkei 225 index at the Tokyo Stock Exchange climbed 0.58 percent, or 95.42 points, to close at 16,675.45, while the […]

  • Tokyo shares up at open, track Wall St gains

    TOKYO, June 7 (APP/AFP): Tokyo shares opened higher on Tuesday, tracking solid gains on Wall Street as a weaker yen lifted exporters. The benchmark Nikkei 225 index at the Tokyo Stock Exchange climbed 0.43 percent, or 71.02 points, to 16,651.05 in opening deals, while the broader Topix index of all first-section shares gained 0.29 percent, […]

  • Dollar dips vs yen as Yellen dampens rate hike signal

    NEW YORK, June 7 (APP/AFP): The dollar dropped against the yen Monday as Federal Reserve Chair Janet Yellen signaled caution about raising interest rates following the disappointing May jobs report. Friday’s shock employment report, showing the lowest job growth in nearly six years, was “concerning”, Yellen said at an event in Philadelphia, but stressed her […]

  • Yellen confidence boosts Wall Street

    NEW YORK, June 7 (APP/AFP): Federal Reserve Chair Janet Yellen boosted Wall Street Friday, restating her confidence in the US economy but softening her view on interest rate hikes after a poor US employment report. Meanwhile London stocks rallied despite new polls that put the British referendum vote back on a knife-edge and sent the […]

  • Hong Kong stocks rally after opening

    HONG KONG, June 7, (APP/AFP): Hong Kong stocks rallied again on opening Tuesday, after Federal Reserve chief Janet Yellen sounded a confident note on the US economy and reiterated her view that any interest rates rise would be gradual. The Hang Seng Index added 0.90 percent, or 188.74 points, to 21,218.96. Shanghai’s composite index was […]

  • Market rates of bullion in Multan

    MULTAN, (APP): Following bullion rates were received from markets here on Monday, 2016: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 40380.00 GOLD 22 CT————-36910.00 SILVER TEZABI————574.00 SILVER THOBI————-525.00