A drone view shows oil storage tanks at a depot at Tsing Yi port in Hong Kong, China March 19, 2026.— ReutersAnalysts warn sharper moves possible if Hormuz remains blocked.Dollar firms as investors seek liquidity amid geopolitical uncertainty.Share futures ease ahead of corporate…
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US Supreme Court casts doubt on legality of Trump’s global tariffs
WASHINGTON: US Supreme Court justices raised doubts on Wednesday over the legality of President Donald Trump’s sweeping tariffs in a case with implications for the global economy that marks a major test of Trump’s powers.
Conservative and liberal justices alike sharply…
SBP receives final $1bn from Saudi Arabia, fresh deposit reaches $3bn
A moneychanger counts $100 banknotes at an exchange company. — Reuters/FileSecond tranche follows earlier $2bn deposit inflow.Saudi support boosts reserves amid external financing pressures.IMF programme targets reserves above $18bn by June.
The State Bank of Pakistan has…
Washington slaps new US tariffs on drugs, trucks and furniture
A US flag flutters near shipping containers as a ship is unloaded at the Port of Los Angeles, in San Pedro, California, US on May 1, 2025. — ReutersPresident Trump cites national security for new round of tariffs.Shares of pharmaceutical firms from Hong Kong to India slide.100%…