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)Â 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Software firm Oracle (ORCL.N)Â on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit,...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
JPMorgan cutting about 500 jobs this week
JPMorgan Chase & Co (JPM.N) is cutting about 500 employees this week across its various departments, according to a person familiar with the situation...
Informal market expands as organized sector shrinks under tax pressure
Writing for Dawn, author Nasir Jamal explains that Pakistan's poor tax revenues, which are below 10 percent of GDP and among the...
Nvidia’s results spark nearly $300 billion rally in AI stocks
Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp...
China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps
China's Lenovo Group Ltd (0992.HK)Â on Wednesday reported a 24% fall in revenue for the January-March quarter, meeting market expectations, as demand for...
Watchdog proposes first set of global rules for crypto sector
International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last...
Organic Meat completely acquires MSMHÂ
TOMC’s IPO is Pakistan’s first IPO of 2020 and the first after fifteen months