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Bank of Russia lowers dollar rate for weekend to 79.73 rubles, euro to 92.19
The official yuan rate was reduced by 5.35 kopecks to 11.5743 rubles
SCO developing possibility of creating venture funds — secretary-general
Nurlan Yermekbayev said the plan is to organize a specialized SCO Invest platform which will be dedicated to expanding investment cooperation between the organization’s member states and partners
Here's how silver's price has changed in 2026 (and what investors should consider now)
MoneyWatch: Managing Your Money Here's how silver's price has changed in 2026 (and what investors should consider now) We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money se...
SBP injects Rs13.68tr into market
The State Bank of Pakistan (SBP) on Friday injected more than Rs13.68 trillion into the money market through conventional and Shariah-compliant open market operations (OMO), based on realised value, to support short-term liquidity needs in the banking system that majorly stem from the government's fiscal needs. According to SBP's conventional OMO reverse repo purchase (injection) results, the central bank accepted bids with a total realised value of Rs13.3 trillion, including Rs711...
Stellantis to Produce New Fiat Koala at Morocco’s Kenitra Plant
Marrakech – Stellantis has registered a new model under the Fiat brand called the Koala, according to Italian newspaper Corriere della Sera. The multinational automotive manufacturing corporation filed the trademark last week in Turin through Fca Marketing Group. The vehicle is expected to be produced at the company’s plant in Kenitra, Morocco. The Koala is reportedly derived from the Panda platform. It shares the same smart car architecture used for the Grande Panda but will feature a dis...
Tanker with Iranian oil change course, heading to China — PTI
The change in the destination of Pin Shun appears to be payment-related, Sumit Ritolia, Lead Research Analyst at Kpler, noted
Security-centric policies and trade
Pakistan appears to be trapped in a paradox. While its private sector leaders advocate for dialogue and inclusion, its public policy, both in words and actions, suggests otherwise. Pakistan has refrained from engaging with other countries and has excluded dissenting voices. The state has ardently advocated for connectivity for cross-border trade. It is involved in multiple transit and preferential trade agreements with Central Asian states, including Azerbaijan, Uzbekistan, Tajikistan and...
Fuelling inflation
The countrymen have been literally left stunned as the government has pushed the price of petrol to Rs458 per litre and that of high-speed diesel to Rs520 - the highest levels in Pakistan's history. Petrol has risen by 63% in four weeks and diesel by 75%. Part of the cause lies beyond Islamabad's reach as the US-Israeli strikes on Iran have led to the closure of the Strait of Hormuz and sent global crude to record highs. For weeks, the government told people that there was nothing t...
Beyond Oil: How the Iran Conflict Is Disrupting Pakistan's Critical Labor Exports to the Gulf
Pakistan's economy depends heavily on labor exports to the Gulf, where millions of its citizens work. The Iran war has complicated this, prompting the government to devise a new strategy.
What every American needs to know about Jack Smith’s Arctic Frost investigation
The issue is not whether the government has authority to investigate. It does. The issue is whether that authority was exercised with appropriate limits, neutrality and respect for constitutional protections.
It May Take a Year to Restore Abu Dhabi Aluminum Output, EGA Says
The biggest aluminum producer in the Middle East said it may take as long as a year to restore production of the metal at its facility in Abu Dhabi after the plant was damaged in an attack a week ago.
Economist Slok Sees ‘Nike Swoosh’ Recovery for US
Torsten Slok, chief economist at Apollo, explains the three factors he sees supporting US economic growth despite the impact of the war in Iran. (Source: Bloomberg)
WATCH: Jobs report shows strong hiring in March, despite oil shock set off by Iran war
The U.S. recorded strong job gains in March, rebounding from dismal losses, even as the nation weathered a global oil shock set off by the U.S.-Israeli war on Iran, a jobs report on Friday showed.
Egypt may expand air service with Russian for tourism in Mediterranean
Foreign Minister Badr Abdelatty said that tourist exchanges between Egypt and Russia are an important factor in developing bilateral relations
Holocaust survivor, 86, priced out of NYC says Mamdani skipped scheduled housing meeting
As a toddler, Sami Steigmann survived Nazi medical experimentation. Now, at 86, he is struggling to find safe housing in New York City.His situation comes as New York City residents face rising housing costs, despite campaign promises from city leaders to improve affordability.Steigmann, who has called New York City home since the 1980s, can no longer safely navigate his second-story apartment in Harlem. Earlier this year, he asked to have a one-on-one meeting with New York Mayor Zohran Mamdani,...
Strong Jobs Numbers Make the Fed’s Job Easier
Robust job growth in March suggests that the labor market remains relatively healthy, allowing officials at the central bank to focus on fighting inflation.
Russia ready to consider Indonesia's possible request for oil supplies — embassy
The proposed logistics and transport route solutions can be beneficial for customers both economically and in terms of diversifying global flows, the Russian Embassy in Jakarta said
First Japanese ship sails through Hormuz from start of strikes against Iran
As of the start of April, 45 ships related to Japan remained blocked in the Persian Gulf
NEC’s Hassett on Jobs Report, Oil Exports, US Economy
National Economic Council Director Kevin Hassett reacts to the US March jobs report and discusses oil market supply disruptions related to the war in Iran and the potential impact of oil prices on the US economy. (Source: Bloomberg)
Russian Energy Ministry eyeing construction of new power plant in Far East
The energy system of the Far East has three zones of energy deficit forecast by 2031, Sergey Tsivilyov said