Financial

UBS offers retention packages to Credit Suisse Asia wealth bankers

HONG KONG: UBS promised retention packages to wealth-management staff in Asia at Credit Suisse, two people with...

Published 24 Mar, 2023 10:37am

Financial

China banking regulator discussed economy with HSBC CEO

BEIJING: Guo Shuqing, chairman of China’s banking and insurance regulator, met with HSBC Group Chief Executive Noel...

Published 24 Mar, 2023 10:25am

Financial

StanChart CEO says Credit Suisse bond wipeout had profound impact

HONG KONG: Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse’s $17 billion Additional...

Published 24 Mar, 2023 10:22am

Financial

Yellen tries to assuage investor fears as bank stocks slide

US Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and...

Published 24 Mar, 2023 10:04am

Financial

Swiss central bank hikes rate by 0.5 percentage points

ZURICH: The Swiss central bank raised interest rates by 0.5 percentage points on Thursday and warned that further...

Published 23 Mar, 2023 02:30pm

Financial

After Fed, Europe’s central banks to decide on rates

LONDON: A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over...

Published 23 Mar, 2023 02:20pm

Financial

ECB to watch bank rates for signs of stress, Lagarde says

FRANKFURT: The European Central Bank’s interest rate increases are just starting to take effect on the economy but...

Published 22 Mar, 2023 03:00pm

Financial

US Fed mulls more rate hikes amid banking uncertainty

WASHINGTON: American banks will be paying especially close attention to the Federal Reserve’s interest-rate decision...

Published 22 Mar, 2023 01:30pm

Financial

World Bank’s IFC to invest about $73mn in Mahindra’s last mile mobility unit

BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm,...

Published 22 Mar, 2023 12:33pm

Financial

Swiss sweat over size of new superbank

ZURICH: The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with...

Published 22 Mar, 2023 11:21am

Financial

IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics

MUMBAI: Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral and...

Published 21 Mar, 2023 12:43pm

Financial

Cryptoverse: Bitcoin passes the bank stress test

As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The...

Published 21 Mar, 2023 12:41pm

Financial

SNB sold $24bn in foreign currencies during 2022 in intervention U-turn

ZURICH: The Swiss National Bank sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies...

Published 21 Mar, 2023 12:38pm

Financial

Switzerland’s secretive Credit Suisse rescue rocks global finance

ZURICH: Days before a hastily convened press conference late on Sunday that would make the world’s front pages,...

Published 21 Mar, 2023 10:48am

Financial

Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days

COLOMBO: Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next...

Updated 21 Mar, 2023 12:18pm

Financial

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout

COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil...

Published 20 Mar, 2023 03:43pm

Financial

Bank of England receives no bids in new daily dollar repo operation

LONDON: The Bank of England said it received no bids for dollar liquidity at a first daily seven-day repo operation...

Published 20 Mar, 2023 03:38pm

Financial

French banks stable, Credit Suisse takeover deal welcome

PARIS: Bank of France head Francois Villeroy de Galhau said French banks were stable and profitable and had good...

Published 20 Mar, 2023 01:32pm

Financial

Saudi National Bank strategy unaffected by hit to Credit Suisse investment

DUBAI: Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit...

Published 20 Mar, 2023 12:56pm

Financial

UBS takeover of Credit Suisse: the main points

ZURICH: The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of...

Updated 20 Mar, 2023 03:27pm

Financial

US regulator sells failed Signature Bank assets to another lender

SAN FRANCISCO: The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to...

Published 20 Mar, 2023 12:04pm

Financial

Singapore central bank says no interruption to Credit Suisse operations

Singapore’s central bank said Credit Suisse Group would continue operating in the city-state without any curbs,...

Published 20 Mar, 2023 11:24am

Financial

Credit Suisse takeover, central bank action calm jittery markets

Moves by authorities to avert a global banking crisis lifted market confidence on Monday as investors welcomed a...

Updated 20 Mar, 2023 12:35pm

Financial

US Fed to balance banking woes, inflation in next rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington next week: tackling persistent...

Updated 19 Mar, 2023 12:19pm

Financial

UBS against the clock in Credit Suisse takeover talks

ZURICH: UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank...

Published 19 Mar, 2023 11:00am

Financial

UK’s Hunt drops plans for sovereign wealth funds to pay corporation tax

British Finance Minister Jeremy Hunt has abandoned plans to make sovereign wealth funds pay corporation tax on...

Published 17 Mar, 2023 01:30pm

Financial

Indian startups have deposits of about $1 billion in SVB, minister says

MUMBAI: Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country’s...

Published 17 Mar, 2023 12:39pm

Financial

Japan govt, BOJ officials to discuss markets after SVB collapse

TOKYO: Japan’s Ministry of Finance (MOF), Financial Services Agency and Bank of Japan (BOJ) said on Friday their...

Published 17 Mar, 2023 12:22pm

Financial

Bank rescues ease crisis fears but investors worry it’s not enough

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday,...

Published 17 Mar, 2023 12:08pm

Financial

Philippine central bank revises 2023 current account projection

MANILA: The Philippine central bank said on Friday it expects a current account deficit of $17.1 billion for 2023,...

Published 17 Mar, 2023 11:52am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 25 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 25 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 25 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 25 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 25 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 25 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 25 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 25 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 25 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 25 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 25 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 25 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 25 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 25 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

Financial

Most Popular Articles