Money & Banking

Solar panel importers: Banks penalised for failing to check money laundering, over-invoicing

ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties on certain banks for not checking massive money...

Published 30 Nov, 2023 04:53am

Money & Banking

Dollar rallies from 3-1/2-month low

NEW YORK: The dollar on Wednesday climbed from its lowest level in more than three months as investors consolidated...

Published 30 Nov, 2023 04:53am

Money & Banking

Yuan firms on prospects for US rate cuts

SHANGHAI: China’s yuan firmed to its strongest against the US dollar in five months on Wednesday, as the dollar...

Published 30 Nov, 2023 04:53am

Money & Banking

Asian currencies: Taiwan dollar, Malaysian ringgit lead gains

BENGALURU: Most emerging Asian currencies hit multi-month highs on Wednesday, with the Taiwan dollar and Malaysian...

Published 30 Nov, 2023 04:53am

Money & Banking

SCBPL announces winners of ‘WomenInTech Cohort 5’

KARACHI: Standard Chartered Bank (SCBPL), in partnership with INNOVentures Global (Private) Limited, announced the...

Published 30 Nov, 2023 04:53am

Money & Banking

Dollar drops to 3-month low

NEW YORK: The US dollar sank to a three-month low on Tuesday, as investors continued to take the view that growth in...

Published 29 Nov, 2023 05:09am

Money & Banking

US Fed official ‘encouraged’ by progress against inflation

WASHINGTON: The US Federal Reserve is making encouraging progress in the fight against inflation, a senior bank...

Published 28 Nov, 2023 08:26pm

Money & Banking

Barclays eyes up to 900 job cuts in Britain

LONDON: Barclays is putting 900 jobs in its British business at risk of redundancy, employee union Unite said on...

Published 28 Nov, 2023 07:25pm

Business & Economy

Profit repatriation from Pakistan rises massively, stands at $272.5mn in October

Cumulative profit repatriated during July-October FY24 stands at $485.4mn, compared to $71.3mn in same period of previous year

Updated 28 Nov, 2023 07:17pm

Money & Banking

China’s yuan eases

SHANGHAI: China’s yuan slipped against the dollar on Monday after the official midpoint snapped five straight...

Published 28 Nov, 2023 04:56am

Money & Banking

Dollar falls against most currencies

NEW YORK: The US dollar slid against most major currencies on Monday, with a measure tracking the greenback’s ...

Published 28 Nov, 2023 04:56am

Money & Banking

Thai baht, Indonesian rupiah lead gains in Asian FX

BENGALURU: Most Asian currencies drifted in a narrow range on Monday with the Thai baht and the Indonesian rupiah...

Published 28 Nov, 2023 04:56am

Money & Banking

Barclays in talks to buy Metro Bank’s mortgage book worth $3.74bn

Britain’s Barclays is in exclusive talks to buy embattled lender Metro Bank’s 3 billion pound ($3.74 billion)...

Published 27 Nov, 2023 07:30pm

Africa

Ghana holds key lending rate to keep inflation falling

ACCRA: Ghana’s central bank on Monday held its main interest rate steady at 30% for the second meeting in a row to...

Published 27 Nov, 2023 07:27pm

Money & Banking

Faysal Bank declared ‘Best Emerging Bank’

KARACHI: Faysal Bank, the leading Islamic Bank, was declared the Best Emerging Bank at Pakistan Banking Awards. The...