Yieldstreet in trouble as bankruptcy news spreads on May 27, 2024NEW YORK: Yieldstreet, a well-known platform offering a range of alternative investments, is under fire for its recent account freezes, leaving many investors in financial limbo. The issue stems from the bankruptcy of a third-party escrow company that Yieldstreet relies on to manage investor funds, raising serious concerns about the platform’s transparency and risk management […]
Cement export decrease 5pc in 3 quarters on April 25, 2022The exports of cement witessed a decrease of 5.08 percent during the three quarters of the fiscal year 2021-22, against the exports of the commodity during the corresponding period of last year. The cement exports from the country were recorded at US $199.370 million from July-March (2021-22) against the exports of US $210.045 million during […]
PSX sheds 153 points as 46,000 pts resistance remain unbeaten on January 14, 2022The Pakistan Stock Exchange (PSX) turned bearish on Thursday, with the benchmark KSE-100 Index shedding 153.05 points (-0.33 percent) to close at 45,763.2 points. The market faced resistance for the third day in a row soon after crossing the 46,000 points level. The market failed to maintain this psychological level after the first 15 minutes […]
Dist admin establishes sasta bazaar to benefit masses on January 11, 2022District administration has set up a Sasta cart bazaar at the Larri Adda Chowk area to facilitate the masses. Deputy Commissioner Syed Mosa Raza along with district government officials inaugurated the cart bazaar on Monday. Speaking on this occasion, DC Syed Mosa Raza said that fruits and vegetables would be available to citizens at cheaper […]
Oil slips, but gains 5pc in the week on Kazakh, Libyan concerns on January 9, 2022Oil prices settled lower on Friday, as the market weighed supply concerns from the unrest in Kazakhstan and outages in Libya against a U.S. jobs report that missed expectations and its potential impact on Federal Reserve policy. Brent crude settled down 24 cents, or 0.3pc, to $81.75 a barrel, while U.S. West Texas Intermediate (WTI) […]
Fed on the cusp of ‘maximum employment’ goal; not everyone has benefited on January 9, 2022Since adopting a new approach to U.S. monetary policy weighted towards ensuring a strong labor market, Federal Reserve officials have been reluctant to define key terms like “maximum employment,” arguing they did not want to prejudge how many jobs the economy could produce but feel their way toward that end. They are hesitant no longer, […]
PSX loses 226 points to close trading week at 47,136 points on August 28, 2021KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend to end the week on Friday, losing 226.74 points, with a negative change of 0.48 per cent, and closing at 47,136.53 points against 47,363.27 points on the previous working day. A total of 382,373,497 shares were traded during the day compared to the trade […]
PAC examines audit report of LNG, RLNG on August 26, 2021The Public Accounts Committee (PAC) on Wednesday examined the audit report for the year 2020-21 of Liquefied Natural Gas (LNG) and Regasified LNG, ministry of petroleum division. The committee met here at Parliament House with member national assembly Rana Tanveer Hussain, in chair. Members of committee, Members National Assemblies (MBAs) including Riaz Fatyana, Raja Riaz […]
South Korea’s household debt hits record high in Q2 on August 25, 2021South Korea’s household debt hit a record high in the second quarter amid the continued record-low interest rate, central bank data showed on Tuesday. The household credit, which includes debts owed by households to banks and other financial institutions as well as purchase on credit, amounted to 1,805.9 trillion won (1.55 trillion US dollars) as […]
Businesses say Hong Kong quarantine threatens financial hub status on August 22, 2021European business leaders have warned that Hong Kong’s stringent quarantine measures have left its residents “indefinitely trapped” in the city, threatening its status as an international business centre. In a rare open letter to chief executive Carrie Lam on Thursday, the European Chamber of Commerce in Hong Kong said the city’s most recent hardening of […]