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26 Sep

Likely Pakistan finance minister, fourth time around, looks back to the future

KARACHI, Pakistan (Reuters) -The likely new finance minister in crisis-hit Pakistan said on Monday he wanted a stable and strong rupee, which rose ahead of his formal appointment, and that he would like to pick up the economy where he left it during his 2017 tenure in the same job.

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26 Sep

BMW expects slight growth in 2023, cuts Germany gas intake by 15%

BERLIN (Reuters) -BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday.

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26 Sep

Indonesia posts $7.1 billion Jan-Aug budget surplus, expects higher energy bills

Indonesia had a budget surplus of 107.4 trillion rupiah ($7.10 billion) in the January to August period, equivalent to 0.58% of gross domestic product, its finance minister said on Monday, compared with a 2.26% deficit in the same period in 2021.

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26 Sep

BMW sees slight growth in 2023, cuts Germany gas intake by 15%

BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday.

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26 Sep

Grim demand outlook pushes copper prices to 2-month low

LONDON (Reuters) -Copper prices dropped to two-month lows on Monday as fears of a global growth slowdown, weaker demand, a higher dollar and climbing stocks in London Metal Exchange (LME) registered warehouses sparked a sell-off.

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26 Sep

Pakistan rupee rises on hopes for new finance minister

KARACHI, Pakistan (Reuters) -Pakistan's rupee rose on Monday as investors anticipated the appointment as finance minister of Ishaq Dar, who in his previous spells in the job was known to favour a strong currency.

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26 Sep

Pakistani rupee opens slightly firmer, markets await new finance minister

KARACHI, Pakistan (Reuters) -The Pakistani rupee opened slightly stronger on Monday as market participants awaited the announcement of a new finance minister, at a time when the country grapples with economic turmoil worsened by devastating floods.

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