The dollar and yen were under pressure on Tuesday, with investors poised to buy riskier currencies and hoping for a U.S.-Iran deal to reopen Gulf shipping, while a sticky inflation reading lifted the New Zealand dollar. With the ceasefire set to expire this week, the fate of Iran peace talks remained uncertain as Tehran has yet to decide how to proceed with the diplomatic process following a
Oil prices fell on Tuesday, reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place this week and allow more supply to flow from the key Middle East producing region. Brent futures declined 95 cents, or 1%, at $94.53, as of 0003 GMT. U.S. West Texas Intermediate (WTI) crude futures for May fell $1.54, or 1.72%, to $88.07. The May contract
The State Bank of Pakistan (SBP) said on Tuesday it received funds of $1 billion from the Ministry of Finance, Kingdom of Saudi Arabia. “This is the second tranche of the $3 billion deposit recently agreed by the Kingdom of Saudi Arabia,” said the central bank. The first tranche of $2 billion was received on 15th April 2026, it added.Last week, Finance Minister Muhammad Aurangzeb informed th
Rising geopolitical tensions took their toll on investor sentiments at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding nearly 3,300 points during the opening minutes of trading on Monday. At 9:35am, the benchmark index was hovering at 170,646.01, down by 3,293.00 points or 1.89%. Selling pressure was observed in key sectors, including cement, commercial banks, fertilis
The war in the Middle East is likely to widen economic differences across Latin America and the Caribbean, giving some short-term support to oil exporters while worsening the outlook for tourism-reliant Caribbean economies and energy-importing countries in Central America, the IMF said on Friday. The warning, issued in a blog post, follows the release earlier this week of the global lender’s up