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Silicon Valley Bank

HSBC to rename British arm of Silicon Valley Bank next month

BENGALURU: HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation...

Published 05 Jun, 2023 03:27am

Markets

Buffett faults US government handling of banking crisis

NEW YORK: Investment tycoon Warren Buffett said Saturday that messaging from the US government over the regional...

Published 07 May, 2023 02:30pm

Editorials

Death rattle of a global order?

EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank...

Published 06 May, 2023 06:23am

Business & Finance

EU sees urgency in bolstering bank resilience after turmoil

STOCKHOLM: Recent turmoil in the banking sector barely affected European Union lenders but there remains an urgent...

Published 02 May, 2023 05:59am

Business & Finance

JPMorgan to buy First Republic after regulators seize control

SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to...

Published 01 May, 2023 05:25pm

World

FDIC auction: PNC, JPM putting in final bids for First Republic

NEW YORK: PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for...

Published 01 May, 2023 03:28am

Business & Finance

Fed calls for tougher bank rules after SVB collapse

WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a...

Published 29 Apr, 2023 06:04am

World

US Fed admits to failings in Silicon Valley Bank oversight

WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a...

Published 28 Apr, 2023 08:47pm

Markets

World’s biggest bond markets left picking up the pieces after March mayhem

AMSTERDAM/NEW YORK: In mid-March, as prices for US Treasury bonds swung wildly following the collapse of Silicon...

Published 28 Apr, 2023 11:48am

Business & Finance

First Republic Bank deposits tumble more than $100bn as it explores options

NEW YORK: First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged...

Published 26 Apr, 2023 06:15am

Central banks signal end of bank turmoil

FRANKFURT/LONDON/TOKYO: The world’s top central banks are cutting the frequency of their dollar liquidity operations...

Updated 26 Apr, 2023 08:50am

Markets

India says risks weigh on FY24 growth forecast, but macros stable

NEW DELHI: There are risks to India achieving its real growth forecast of 6.5% for the financial year that started...

Published 25 Apr, 2023 12:08pm

Markets

First Republic Bank deposits tumble more than $100bn as it explores options

First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more...

Published 25 Apr, 2023 11:54am

Markets

Credit Suisse saw $68 billion in first-quarter outflows as it crumbled

ZURICH: Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first...

Updated 24 Apr, 2023 11:28am

Business & Finance

Fed may reverse rules that masked losses on SVB’s securities

NEW YORK: US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal...

Published 22 Apr, 2023 03:38am

World

US Fed may reverse rules that masked losses on SVB’s securities: WSJ

US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on...

Published 21 Apr, 2023 08:58pm

World

US lending slowed last month on banking concerns: Fed

WASHINGTON: Lending declined in many parts of the United States over recent weeks, the Federal Reserve announced...

Published 20 Apr, 2023 12:19am

Business & Finance

BNY Mellon beats profit estimates as higher rates boost interest income

Bank of New York Mellon Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s...

Published 18 Apr, 2023 04:25pm

Business & Finance

Dollar gains on Fed rate hike bets

NEW YORK: The dollar gained after a solid jobs report for March on Friday added to expectations that the Federal...

Published 11 Apr, 2023 03:44am

Markets

Small US banks use enlarged deposit guarantee to compete with giants

NEW YORK: In the wake of the latest US banking meltdown, small lenders might appear vulnerable to an exodus of...

Published 09 Apr, 2023 10:36am

World

IMF chief calls on central banks to continue inflation fight

WASHINGTON: Central banks around the world should keep battling inflation by hiking interest rates despite ongoing...

Published 07 Apr, 2023 12:18am

Business & Finance

Germans shun foreign deposits on fears of new crisis

FRANKFURT: German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting...

Published 03 Apr, 2023 07:32am

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Published 31 Mar, 2023 06:45am

Business & Finance

Fed official tells Congress many to blame for Silicon Valley Bank failure

WASHINGTON: The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve...

Published 31 Mar, 2023 06:45am

World

Yellen says US banking rules need to be re-examined after failures

WASHINGTON: US Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need...

Published 30 Mar, 2023 05:58pm

Markets

Australia, NZ dollars ease but hold most gains on yen as banking fears ease

SYDNEY: The Australian and New Zealand dollars eased on Thursday but held on to most of their hefty gains on the yen...

Published 30 Mar, 2023 09:58am

Opinion

Preparing for the ‘petroyuan’?

I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ...

Published 30 Mar, 2023 06:35am

Business & Finance

US regulator cites ‘terrible’ risk management for Silicon Valley Bank failure

WASHINGTON: A top US regulator told a Senate panel on Tuesday that Silicon Valley Bank did a “terrible” job of...

Published 30 Mar, 2023 06:35am

Business & Finance

US Fed accepts SVB regulatory failings in second day of hearings

WASHINGTON: US regulators charged with overseeing Silicon Valley Bank before its collapse this month said Wednesday...

Published 29 Mar, 2023 08:49pm

World

UK’s Hunt: will not do anything that compromises financial stability

LONDON: British finance minister Jeremy Hunt said that he would not do anything that compromises financial stability...

Published 29 Mar, 2023 03:14pm

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 8 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 8 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 8 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 8 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 8 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 8 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 8 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 8 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 8 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 8 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 8 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 8 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 8 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 8 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 8 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 8 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 8 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 8 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 8 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 8 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 8 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 8 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 8 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 8 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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