Kashf Foundation issues first “Gender Bond” to empower women-led businesses
The bond, guaranteed by InfraZamin Pakistan, is expected to raise Rs 2.5 billion. But what will this bond do?
Avanceon’s subsidiary awarded major municipality contract in Qatar
Avanceon Automation & Control W.L.L Qatar, a subsidiary of Avanceon Limited, has secured a lucrative contract from a prominent municipality in the...
China to restrict exports of chipmaking materials as US mulls new curbs
China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo...
Byju’s and lenders renew talks to restructure debt, Bloomberg reports
Embattled Indian edtech startup Byju's and some of its lenders have restarted negotiations to restructure its $1.2 billion term loan, Bloomberg News...
KPMG to cut 5% of US jobs in fresh round of layoffs
KPMG is laying off 5% of its U.S. employees after feeling the pinch of "economic headwinds, coupled with historically low attrition," a...
Foreign investors urge govt to address anomalies in 2023-24 Budget
Foreign investors have expressed their concerns to the government regarding certain flaws in the 2023-24 budget. They are urging the government to...
Aramco, TotalEnergies sign $11bn contract to build petrochemicals complex in Saudi Arabia
Saudi Arabian Oil Company (Aramco) (2222.SE) and TotalEnergies (TTEF.PA) have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia,...
Stocks see worst week of 2023 as growth outlook darkens
Asian stocks slumped toward their worst week of the year on Friday, oil fell and the U.S. dollar surged as a string...
Exclusive: US to ease visas for skilled Indian workers as Modi visits
The Biden administration will make it easier for Indians to live and work in the United States, using this week's state visit...
UK net debt passes 100% of GDP for first time since 1961
Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office...
Alibaba CEO and Chairman Zhang to step down to focus on cloud business
Alibaba Group (9988.HK) on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud...
Binance, SEC strike deal to keep US customer assets in country
Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure...
Oracle cuts hundreds of jobs, rescinds job offers in its health unit – Insider
Software firm Oracle (ORCL.N) on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit,...
China’s factory activity falls faster than expected as recovery stumbles
China's factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic...
SECP to host International Islamic Capital Markets conference
Pakistan Stock Exchange and other institutions are collaborating with the Commission on this conference