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Dec 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

capital markets

IPO Summit 2024
Opinion

IPO Summit 2024

The following is the full text of the speech of MD and CEO, Pakistan Stock Exchange Farrukh H. Khan that he made at...
Published 22 Jan, 2024 05:37am
Dollar dips after Fed rally, Bitcoin slumps
Markets

Dollar dips after Fed rally, Bitcoin slumps

  • The dollar index against a basket of currencies was last down 0.26% on the day at 92.013. The euro gained 0.27% to $1.1901 and the greenback gained 0.05% to 110.30 Japanese yen.
  • The British pound gained 0.69% to $1.3885.
Published 21 Jun, 2021 08:33pm
Canada's National Bank beats profit forecasts with lower provisions, lending growth
Business & Finance

Canada's National Bank beats profit forecasts with lower provisions, lending growth

  • The smallest of Canada's six big banks took provisions on credit losses of C$5 million ($4.1 million), versus analysts' estimates of C$81 million. This included the release of C$62 million previously set aside for performing loans that could have soured.
  • Shares in National Bank fell 2.9% to C$94.19, after earlier touching a record high, while the Toronto benchmark rose 0.4%.
Published 28 May, 2021 08:16pm
Deutsche Bank hires top Credit Suisse ECM banker Gruffat
Business & Finance

Deutsche Bank hires top Credit Suisse ECM banker Gruffat

  • Gruffat joins the German bank's equity capital markets for Europe, Middle East and Africa after over two decades at Credit Suisse, according to an internal memo seen by Reuters.
  • The ECM sector has been one of Credit Suisse's bright spots though, with its strong tech franchise in the United States helping keep it competitive with its Wall Street rivals.
Published 20 May, 2021 09:14pm
UK's Ashtead plans share buyback after upbeat earnings forecast
Markets

UK's Ashtead plans share buyback after upbeat earnings forecast

  • The company, which rents out equipment to the construction and industrial sectors, generated a record 1.06 billion pounds in free cash flow in the nine months to January.
  • It used that cash to reduce its 4.28 billion pound net debt, a move that is expected to help it meet its leverage target range by the end of this month.
Published 20 Apr, 2021 05:35pm
Inter Pipeline to get $325mn cash grant to develop petrochemical complex
Business & Finance

Inter Pipeline to get $325mn cash grant to develop petrochemical complex

  • The incentive comes as Inter is in the middle of a takeover battle with Investment firm Brookfield Infrastructure Partners , which launched a hostile C$7.1 billion bid for the pipeline operator in February.
  • The cash grant will be paid to Inter Pipeline in equal installments over three years once the Heartland Petrochemical Complex is operational, the company said.
Published 05 Apr, 2021 09:41pm