Saturday, July 20, 2019

Bitcoin mining profits skyrocketed 24pc

LONDON: United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on...

World Bank commits $465m for two projects

ISLAMABAD: World Bank is committing $465 million through two projects to support higher education in Pakistan and expand sustainable electricity trade between Central Asia...

Deutsche Bank plans up to 20,000 job cuts in revamp

LONDON: Deutsche Bank AG is considering slashing headcount by more than a fifth in what’s shaping up to be its biggest makeover in years,...

Singapore to issue digital bank licences

SINGAPORE: Singapore has announced plans to issue up to five digital bank licenses as part of efforts to add market diversity and boost the...

Mobile banking to overtake high street branch visits

LONDON: Mobile banking is set to be more popular than visiting a high street bank branch within two years, according to new forecasts, highlighting...

Pak exports to cross $26b figure in upcoming fiscal year

ISLAMABAD: The exports from Pakistan are projected to reach at US$ 26,187 million in fiscal year 2019-20 from US$ 24,656 million estimated for the...

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...

US Fed stress tests: Credit Suisse to address ‘limited’ weakness

WASHINGTON: Credit Suisse's US operations have until late October to address flaws in how the bank manages risks it could face in times of...

People urged to avail Asset Declaration Scheme

ISLAMABAD: The economic team of the government reiterated that Asset Declaration Scheme (ADS) was the best opportunity for citizens of Pakistan to declare their...

Markets brace for crucial G20 signals

LONDON: Stocks eked out meager gains on Friday before a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, capping...

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