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Apr 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

bloomberg

Russia-linked hacking group is behind cyberattack against JBS
World

Russia-linked hacking group is behind cyberattack against JBS

  • The "vast majority" of the company's beef, pork, poultry and prepared foods plants will be operational on Wednesday, according to a statement, easing concerns over rising food prices.
  • The cyberattack followed one last month by a group with ties to Russia on Colonial Pipeline, the largest fuel pipeline in the United States, which crippled fuel delivery for several days in the US Southeast.
Published 02 Jun, 2021 07:10pm
Morgan Stanley CEO shakes up leadership in search for successor
Business & Finance

Morgan Stanley CEO shakes up leadership in search for successor

  • The Wall Street bank named its institutional securities business chief Ted Pick and Andy Saperstein, the head of its wealth management unit, as co-presidents.
  • The shake-up comes days after JPMorgan Chase & Co named Marianne Lake and Jennifer Piepszak, widely seen as the two top contenders for the CEO role, as co-heads of its consumer and community bank.
Published 20 May, 2021 09:36pm
Czech central banker Benda sees fewer 2021 rate hikes than projected
Business & Finance

Czech central banker Benda sees fewer 2021 rate hikes than projected

  • "The pandemic shock was rather severe, and I don't believe people will immediately take all their savings and go shopping like crazy," he was quoted as saying by Bloomberg news agency.
  • "The market is reading us very well in the longer term," Benda said. "It's pointless to agonize now over whether the first hike will be in four, five or seven months, as we're living in huge uncertainty."
Published 26 Apr, 2021 05:52pm
Chinese military bans Tesla cars in its complexes on camera concerns
World

Chinese military bans Tesla cars in its complexes on camera concerns

  • Tesla drivers ordered to park outside military property- sources.
  • Residents of military housing notified this week –sources.
  • Military concerned about security due to car cameras –sources.
  • Tesla shares down 1.8% in early deals.
  • Tesla cars popular in China, made in Shanghai Gigafactory.
Published 19 Mar, 2021 08:54pm
Britain's NatWest bank faces money laundering charges
Business & Finance

Britain's NatWest bank faces money laundering charges

  • UK watchdog launches criminal action over money laundering.
  • Alleges NatWest failed to monitor activity in 2011-16.
  • First criminal prosecution of a bank under 2007 laws.
  • Customer was Bradford-based gold dealer and jeweller-source.
  • NatWest had disclosed probe into 'money services business'.
  • Shares fall 3%.
Updated 16 Mar, 2021 10:03pm
PM's vote of confidence will help attract investment in Pakistan: Bloomberg
Pakistan

PM's vote of confidence will help attract investment in Pakistan: Bloomberg

  • Bloomberg states that Khan's victory could help Pakistan recover economically from the pandemic-induced contraction with the help of the International Monetary Fund’s six billion dollars loan programme
  • Prime Minister Imran Khan won the confidence of the National Assembly after 178 out of 342 lawmakers expressed their trust in his leadership.
Published 10 Mar, 2021 11:17am
SoftBank to write down $1.5bn Greensill investment
Business & Finance

SoftBank to write down $1.5bn Greensill investment

  • The writedown occurred at the end of 2020 and SoftBank is considering dropping the valuation to close to zero, the report said.
  • Greensill, owned by billionaire Lex Greensill, has been looking to raise funds with the aim of going public, according to the report.
Published 01 Mar, 2021 08:02pm