Pakistan News International

Hooriya Qureshi

Malaysia’s manufacturing PMI rises to 50.6 in July

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KUALA LUMPUR, Aug 1 (XINHUA/APP): Malaysia’s manufacturing Purchasing Managers Index (PMI) rose to 50.6 in July from 50.4 in June, showing improvement in the manufacturing sector’s conditions, S&P Global said on Monday. The latest reading pointed to a marginal improvement in the health of the […]

China’s central bank adds liquidity via reverse repos

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BEIJING, Aug 1 (XINHUA/APP): China’s central bank Monday conducted 2 billion yuan (about 296.44 million U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank […]

Indonesia records highest inflation in 7 years in July

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JAKARTA, Aug 1 (XINHUA/APP): Indonesia’s inflation in July reached 4.94 percent, the highest in seven years and exceeding the central bank’s target range, the Statistics Indonesia (BPS) said on Monday. “This is the highest inflation since October 2015 which reached 6.25 percent year-on-year,” BPS head […]

Year’s largest fire destroys California homes

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Yreka, United States, Aug 1 (AFP/APP): The largest fire in California this year is forcing thousands of people to evacuate as it destroys homes and rips through the state’s dry terrain, whipped up on Sunday by strong winds and lightning storms. The McKinney Fire was […]

‘Ambitious’ Alonso to replace Vettel at Aston Martin

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London, Aug 1 (AFP/APP): Veteran Spanish Formula One driver Fernando Alonso said he “intends to win again” after Aston Martin announced Monday that he would be joining the team on a multi-year contract from 2023. The double world champion, who turned 41 on Friday and […]

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