Day: November 7, 2024
Firm dollar keeps peers on back foot ahead of BOE, Fed decisions
TOKYO: The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump’s win in the US presidential election, while investors eyed several central bank decisions that will be topped off by the Federal Reserve. The Fed is expected to cut interest rates by 25 basis points later in the day, and the market focus will be on any clues that the US central bank could skip a cut in December. Last week’s October jobs report came in weaker than expected, raising questions over…
COAS Munir, Crown Prince MBS discuss regional peace, security cooperation
RAWALPINDI: Chief of Army Staff (COAS) General Asim Munir and Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman discussed strategies for enhancing bilateral relations, the military’s media wing said on Wednesday. According to the Inter-Services Public Relations (ISPR), the Saudi crown prince extended a warm welcome to the army chief — who is currently on an official visit to Saudi Arabia — upon his arrival at the Royal Palace. Both dignitaries engaged in a “comprehensive discussion on a range of issues of mutual interest, including regional peace, defence…