Oil production coupled with economic slowdown sums up what’s going on with oil prices. And of late, this price slide has become more of a speculative activity as market fundamentals like fizzling global economy, ample supply and slowing risk appetite has forced players to bet for bearish prices. So far this year, West Texas Intermediate (WTI) is around five percent down, whereas Brent crude oil has slipped by 16 percent.
Pakistan’s branchless banking (BB) landscape seems to be expanding by the day. Latest SBP newsletter on this converged telco-banking segment, which only started out commercially in 2009, suggests continued momentum in the latest period data from the Apr-Jun quarter this year. There are three specific highlights from the document that are worth mentioning here.
Another point of contention in the land reform debate is whether land reforms (in the context of their limited implementation and cumbersome impact analysis) have gone on to improve formal agriculture lending for smallholders.
Bestway Group has screwed another feather to its cap with the Co-operative Pharmacy officially becoming part of the Bestway Group. Accordingly, UKs third largest pharmacy chain and Wales largest chain is now counted in Bestway's deep-rooted and well-diversified portfolio. Recall that in July 2014, the group paid out £620 million in exchange for the pharmacy chain of Co-operative Group.
Pakistan's largest bank intends to get larger. Habib Bank Limited (HBL), in a notice sent to the KSE has informed of its desire to go for due diligence for Barclays Bank PLC Pakistan. Barclays PLC as a global strategy has decided to move out of few locations, of which its Pakistan operations are one.
A month is not a long time from a historical perspective. But Indian Prime Minister Narendra Modi was making hay in September sun. He started last month bear-hugging his host Shinzo Abe, the Japanese PM and came home with promises of five-year $34-35 billion investment in infrastructure and defense.