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Markets » Mutual Funds

BlackRock to restructure after 'tough' 1st quarter
Exchange

BlackRock to restructure after 'tough' 1st quarter

BlackRock Inc said it will cut 400 jobs and take a $76 million restructuring charge after posting a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets. The world's largest asset manager's investment performance stumbled
Published 16 Apr, 2016 12:00am
BlackRock to restructure after 'tough' 1st quarter
Exchange

BlackRock to restructure after 'tough' 1st quarter

BlackRock Inc said it will cut 400 jobs and take a $76 million restructuring charge after posting a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets. The world's largest asset manager's investment performance stumbled
Published 16 Apr, 2016 12:00am
PMEX proposes imposition of 5 percent tax on capital gains
Mutual Funds

PMEX proposes imposition of 5 percent tax on capital gains

Pakistan Mercantile Exchange Limited (PMEX) has proposed Federal Board of Revenue (FBR) to impose 5% tax on capital gains instead of the current tax of 0.05% on margins and deposits, reduce tax on import of gold and amend tax laws to enable the exchange t
Published 15 Apr, 2016 12:00am