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Dollar soars to Rs122 in interbank market | Business

The interbank market witnessed a sharp increase in the US dollar rate taking it to record high Rs122 on Thursday, according to Forex Association of Pakistan. Photo: file The interbank market witnessed a sharp increase in the US dollar rate taking it to record high Rs122 on Thursday, according to …

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US Fed lifts rates, drops crisis-era guidance | Business

Federal Reserve Board Chairman Jerome Powell speaks at his news conference after the two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, US, June 13, 2018. REUTERS/Yuri Gripas WASHINGTON: The United States’ Federal Reserve raised interest rates on Wednesday, a move that was widely …

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Germany hits Mercedes with mass diesel recall | Business

Photo: file FRANKFURT: Germany ordered Monday the recall of some 774,000 vehicles from Mercedes-Benz maker Daimler across Europe, citing illegal “defeat devices” designed to conceal high levels of harmful emissions from regulators´ tests. “The federal government will order an immediate official recall because of illegal defeat devices,” Transport Minister Andreas …

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