
Asim Munir USA visit: F-16 fighter jet maker Lockheed Martin shares in focus ahead of Pak chief-Trump meet
Lockheed Martin Share Price: Just like AVIC Chengdu — the maker of J-10 fighter jets — shares of Lockheed Martin, the company behind the F-16s prized by Pakistan, were also in focus on Wednesday, June 18, ahead of former U.S. President Donald Trump's meeting with Pakistan Army Chief Asim Munir.
US President Trump will host Asim Munir for lunch at the White House on Wednesday, marking the first such visit after the India-Pakistan conflict and amid the Iran-Israel crisis.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
13 minutes ago
- Time of India
UK inflation eases by less than anticipated ahead of Bank of England rate decision
Inflation in the UK dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices , particularly chocolate, official figures showed Wednesday. The Office of National Statistics said consumer prices rose by 3.4% in the year to May, down from 3.5% the previous month. That means inflation remains substantially above the Bank of England 's target rate of 2%. The bank's rate-setting Monetary Policy Committee is due to announce its latest interest rate decision on Thursday. Most economists expect the nine-member panel, which has cut borrowing rates on a quarterly basis since last August, to keep its main interest rate at 4.25%. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The decline was less than expected. Most economists were expecting the rate to come in at 3.3% for May as price rises cooled, following a raft of bill increases the previous month that pushed inflation to the highest level in more than a year. The higher-than-anticipated outcome was largely due to a 4.4% increase in food and non-alcoholic drink prices. Larder items like sugar, jam and chocolate, as well as ice cream, saw the biggest monthly price hikes, while meat costs also rose. Live Events Economists, including those at the Bank of England, expect inflation to remain above target over the rest of the year. Uncertainty over US President Donald Trump 's tariff agenda and the unrest in the Middle East make it difficult to forecast economic developments and the path of interest rates. "We are sticking with our call for the Bank of England to continue to reduce rates at a quarterly cadence," said Felix Feather, economist at asset management firm Aberdeen. "But geopolitical uncertainty and risks from US trade policy raise both upside and downside risks to this forecast."


Economic Times
15 minutes ago
- Economic Times
Rupee falls as corporate dollar bids, elevated oil prices weigh
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee declined on Wednesday on the back of persistent corporate hedging activity and elevated oil prices as market participants continued to fret over escalating hostilities in the Middle rupee ended at 86.4775 against the U.S. dollar, down nearly 0.3% from its close of 86.24 in the previous currency slipped past 86.50, a closely watched psychological support level, to hit its weakest level in over two months before slightly paring pointed to dollar bids from local corporates, including oil companies, and speculative interest on wagering against the local currency among factors that hurt the prices remained elevated - albeit cooling off the highs hit on Tuesday - as markets weighed the chance of supply disruptions from the Iran-Israel conflict. Brent crude oil futures were last quoted at $75.5 per tepid risk sentiment also weighed on Asian equity markets with India's benchmark equity indexes, the BSE Sensex and Nifty 50 , logging a fall of about 0.2% the dollar-rupee forward premiums nudged higher. The 1-month forward premium rose to 10 paisa, with traders citing paying interest spurred by arbitrage between non-deliverable and onshore 1-year dollar-rupee implied yield also ticked up to 1.83%.Price action on the dollar-rupee pair is "cementing the upward bias," a trader at a foreign bank said, adding that further escalations in the Iran-Israel conflict could push it closer to in the day, the focus will be on the U.S. Federal Reserve's policy central bank is widely expected to keep rates unchanged with updates to its future economic projections and remarks from Chair Jerome Powell keenly awaited by market participants."The Fed will likely consider any oil price shock as much a threat to growth as to inflation," DBS Bank said in a note.


The Wire
20 minutes ago
- The Wire
Israel Strikes Iran Again: UN Nuclear Body Says Two Centrifuge Production Facilities Hit
Smoke rises from the building of Iran's state-run television after an Israeli strike in Tehran, Iran, Monday, June 16, 2025. Photo: AP/PTI Real journalism holds power accountable Since 2015, The Wire has done just that. But we can continue only with your support. Contribute Now Iran's supreme leader on Wednesday (June 18) refused to heed US President Donald Trump's call for an unconditional surrender. Ayatollah Ali Khamenei made his first public remarks since Friday in a statement that was read live on Iranian TV by a presenter. 'Intelligent people who know Iran, the Iranian nation, and its history will never speak to this nation in threatening language because the Iranian nation will not surrender,' the statement on Wednesday said. 'The Americans should know that any US military intervention will undoubtedly be accompanied by irreparable damage,' it added. The Washington-based group Human Rights Activists (HRA) said that Israeli airstrikes on Iran have killed at least 585 people and wounded another 1,326 since hostilities escalated last week. The human rights group said it identified 239 of those killed as civilians and 126 as security personnel. Iran has not been publishing regular death tolls from the conflict. The most recent number cited by a Health Ministry spokesperson was 224 deaths, announced early on Monday. HRA cited nongovernmental sources in its report. The organization previously compiled detailed casualty figures during the 2022 protests following the death of Jina Mahsa Amini, the 22-year-old Kurdish-Iranian woman who was arrested by Iran's 'morality police' in September of that year. Her death in custody sparked months of anti-government protests across Iran. Two centrifuge production facilities struck in Iran: IAEA The UN's nuclear watchdog said it had information that two facilities in Iran that made centrifuge parts have been hit. The International Atomic Energy Agency said: 'The TESA Karaj workshop and the Tehran Research Center, were hit.' The agency added that both sites had previously been under IAEA monitoring. 'At the Tehran site, one building was hit where advanced centrifuge rotors were manufactured and tested. At Karaj, two buildings were destroyed where different centrifuge components were manufactured,' the IAEA wrote on X. Centrifuges are machines used in enriching uranium, a process necessary for nuclear power and also nuclear weapons development. Iran's UN ambassador warns of response 'without restraint' to Israeli strikes Iran's ambassador to the United Nations, Ali Bahreini, said the country would 'respond strongly' to Israel's 'aggression' as well as to the United States, should it join the hostilities. 'We will not show any reluctance in defending our people, security and land,' he told reporters in Geneva. 'We will respond seriously and strongly, without restraint.' Bahreini accused the United States of being 'complicit in what Israel is doing.' 'We have given a message to the United States that we will respond very firmly and will stop the aggression by anybody — including the United States,' he said Bahreini also said Israeli strikes on nuclear sites were an act of 'war against humanity.' 'The deliberate targeting of Iran's nuclear facilities not only constitutes a grave violation of international law and UN Charter but also risks exposition of all people in our neighbourhood to possible hazardous leak,' he said. 'This is not an act of war against our country,' he said. 'It is war against humanity.' Iran maintains that its nuclear program is for civilian purposes. Israel and the United States accuse Iran of working toward a nuclear weapon. The comments come as thousands flee Tehran and other major cities as Israel and Iran continuing launching strikes on one another. US President Donald Trump has called for Tehran's unconditional surrender. These updates first appeared on DW. The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.