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Asian traders struggle after Wall St losses as US yields spike
Asian traders struggle after Wall St losses as US yields spike
by  AFP

Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts. Sentiment has been "weighed down by the move up in yields and push back on Fed rate cut expectations", said National Australia Bank's Rodrigo Catril.

Pakistan aims to privatize flag carrier in November: Finance Minister
Pakistan aims to privatize flag carrier in November: Finance Minister
by  AFP

Pakistan is hoping to finalize both the delayed privatization of its flag carrier and the outsourcing of Islamabad's international airport in November, the country's finance minister said Wednesday. Speaking Wednesday, the finance minister said the five-month delay was down to two factors: ensuring macroeconomic stability, and doing the proper due diligence of the interested parties.

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