ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Ishaq Dar here on Sunday reaffirmed the government’s resolve to fully honor all the commitments made with International Monetary Funds (IMF) and other creditors, besides addressing the issues faced by the local business community. Addressing a press conference, the minister also categorically dismissed the speculation with respect […]
finance
CGPA organizes public private dialogue on access to finance for SMEs
Centre for Governance & Public Accountability (CGPA) in collaboration with Small & Medium Enterprises Development Authority (SMEDA) organized a public private dialogue on access to finance by SMEs here the other day, said a press release issued here on Thursday. The event was aimed at discussing the issues faced by business community of Peshawar […]
Asian markets bounce as Hong Kong tech sees bargain-buying
Asian markets bounce as Hong Kong tech sees bargain-buying Hong Kong, Asian markets saw a much-needed bounce Wednesday as Hong Kong’s tech giants led a rally in the city after their recent rout, while oil prices rose back above $100 but remain pressured by concerns over demand from China. However, while the gains […]
Banks beware, Amazon and Walmart are cracking the code for finance
LONDON: Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart (WMT.N) are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance. For established financial institutions, the […]
UK fintech firm Wise worth £8bn on London market debut
British financial technology firm Wise entered the London stock market Wednesday, valued at £8.0 billion ($11.1 billion, 9.3 billion euros) in a key post-Brexit test for the sector. The global money transfer specialist launched at £8.0 per share under a so-called direct listing, which does not seek to raise capital but enables public trading. The […]
Global tax reform plan goes to the G20
G20 finance ministers meeting in Venice on Friday and Saturday could rally the world’s top economies behind a global plan to tax multinationals more fairly that has already been hashed out among 131 countries representing 90 percent of world output. On the face of it, the Group of 20 — the world’s 19 biggest economies […]
China’s crypto-miners look abroad as regulators tighten noose
When a prefecture in northwestern China’s Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients’ machines southward, spending over a week to reassemble in Sichuan. But after the shift, he received another notice — authorities in southwestern Sichuan were also putting a stop to the industry, in […]
Crypto funds ‘disappear’ from French asset manager books
French police are investigating claims that tens of millions of euros worth of crypto assets vanished from the books of an association representing hundreds of investors, a judicial source said. RR Crypto, a digital asset specialist based near Dijon in central France, at the weekend informed its members that all the money they had invested […]
Bitcoin tumbles to $30,000 after China warning, Musk remarks
Beijing: Bitcoin plunged by 30 percent on Wednesday after China signalled a new crackdown on the cryptocurrency and tycoon Elon Musk hinted that his Tesla car company could unload its huge holdings in the unit. The virtual currency fell to almost $30,000 — less than half the record value it reached last month — before […]
Dollar soars to Rs 148 in interbank market
The US dollar touched an all-time high of Rs 148 in the interbank market on Thursday, a day after it bounced back to Rs 144 after reaching an all-time high of Rs 146.50 in the open market on Wednesday. The rupee weakened by over five per cent, or Rs 7, from Wednesday’s close of 141 […]