Karachi: Bank Alfalah has continued its aggressive policy to invest and expand in the financial sector as its management decided to pump in Rs 300 million in its subsidiary of Alfalah Securities Ltd. The decision was taken in the board [...]
Abu Dhabi: The UAE’s Gross Domestic Product is unlikely to [...]
New Delhi: The Indian government and Reserve Bank have agreed [...]
Tokyo: Former top financial bureaucrat Toshiro Muto is the leading [...]
Karachi: Governor State Bank of Pakistan Ashraf Mahmood Wathra has [...]
BALACLAVA: IMF Managing Director Christine Lagarde addressing a conference on “Managing Capital Flows-Lessons from Emerging Markets for Frontier Economies” in Mauritius capital Balaclava said capital flows, and their successful management, have long been a focus of the Fund’s work and policy advice. She said soon after the global financial crisis, [...]
FRANKFURT: With Mario Draghi poised to start injecting unprecedented amounts of money into the eurozone economy, he’s already beating his Japanese peer in the global currency wars. Bets on a weaker euro by hedge funds and other large speculators last month exceeded bearish yen wagers by the most since August [...]
New York: Santander Bank has agreed to stop a policy that often kept poor and low-income people from opening new checking or savings accounts, the bank and New York Attorney General Eric Schneiderman said. Santander becomes the third bank after Capital One and Citibank to agree to do away with [...]
NEW YORK: Michael Corbat will know in less than two weeks if he should start looking for new work. That’s when Citigroup Inc.’s chief executive officer will hear whether the Federal Reserve has blessed his 2015 capital plan after rejecting last year’s. Corbat has said he should be held accountable, [...]
Lahore: The first Consul General of China in Lahore, Yu Boren met Punjab Chief Minister Muhammad Shahbaz Sharif here on Monday. Matters of mutual interest and promotion of Pak-China relations were discussed in the meeting. Speaking on the occasion, the Chief Minister said that China is a very reliable friend [...]
THE European Central Bank is about to start printing money. Euro zone data today will show why. They are forecast to show the bloc’s inflation rate was -0.4 percent in February though higher than expected numbers from Germany, Italy and Spain could push the figure for the currency area up [...]
FINANCE minister Arun Jaitley continues to draw well-deserved accolades from many sources for a pragmatic budget. Within the constraints he faced, he has done a good job of diverting resources towards investment. At the same time, states have received an unprecedentedly large share of the central tax pool. This columnist [...]
Arsene Wenger praised Olivier Giroud s mental strength and insisted he was never tempted to rest the striker after his misfiring display against Monaco. Giroud had been replaced after missing a number of chances during the 3-1 Champions League defeat. But Arsenal manager Wenger kept faith in the forward as [...]
Rafael Nadal won his first title in nearly nine months after beating Juan Monaco 6-4, 6-1 at the Argentina Open. Nadal s triumph was his first since he won a ninth French Open title at Roland Garros last June. It was Nadal s 65th career crown on all surfaces, moving [...]
NEW DELHI: India’s Prime Minister Narendra Modi delivered a pro-growth budget for the coming year, with a wider deficit projection, in an effort to boost Asia’s third-biggest economy while retaining subsidy payments for the nation’s poor. The shortfall will narrow to 3.9 percent of gross domestic product in the year [...]