Wednesday, August 12, 2020

Entity ratings of Meezan Bank reaffirmed

KARACHI: VIS Credit Rating Company Limited has  reaffirmed the entity ratings of Meezan Bank Limited at double A  Plus/ A-One Plus. VIS has also reaffirmed...

Search for next Bank of England governor starts

London: The search for the next governor of the Bank of England is officially under way after the chancellor, Philip Hammond, said he was...

IFC to invest $2.5m to support tech startups in Pakistan

ISLAMABAD: The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first early-stage...

SWIFT expanding presence in China

LONDON: SWIFT, the global financial messaging service platform, is accelerating its localization in China given the backdrop of increasing Chinese financial market liberalization, its...

UBS mulls bank overhaul, hundreds of jobs at risk

LONDON: Almost a year after taking over at UBS Group AG’s investment bank, co-heads Piero Novelli and Rob Karofsky are working on their first...

Chinese central bank aims more stimulus to support growth

Beijing: Top Chinese officials, including central bankers and public servants, have unveiled a series of additional measures aimed at supporting the nation's GDP growth...

US futures edge higher on trade truce hopes

NEW YORK: U.S. equity futures edged higher on Thursday following a report that the United States and China had agreed to a tentative truce...

JS Bank accredited by GCF

LAHORE: JS Bank has become Pakistan’s first financial institution to have been accredited by the GCF, the world’s largest climate fund. The Fund aims to...

$235m ADB loan to help develop Karachi’s BRT

KARACHI: The Asian Development Bank (ABD) has approved a $235 million loan to develop Karachi's Bus Rapid Transit project. According to a press release issued...

UBS names new CEO for European Union operations

FRANKFURT: UBS announced the appointment of Christine Novakovic as the chief executive officer of the Swiss Bank's European Union operations. The appointment, which is based...

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