Margin finance system to be revamped, launched by May’s end
The modified version of margin financing system would be launched by the end of May and investors at the Pakistan Stock Exchange...
Japan’s corporate regulator to investigate more cryptocurrency exchanges
TOKYO: Japan’s financial regulator will this week launch on-site checks of several cryptocurrency exchange operators potentially vulnerable to cyber-attacks, and may widen...
Fidelity to experiment with virtual reality for employee training
Boston: The company’s innovation unit Fidelity Labs said in a blog post on Friday that it had developed and tested a virtual...
Facebook suspends data analytics firm involved in Trump’s election campaign
CAMBRIDGE: Facebook on Friday said it was suspending political data analytics firm Cambridge Analytica, which worked for President Donald Trump’s 2016 election...
Apple finds quality problems in some iPhone X and MacBook models
Apple said displays on iPhone X, which came out in 2017 with a starting price of $999, may experience touch issues due to a component failure, adding it would replace those parts for f
State Bank digitises forex-related operations
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Friday launched the SBP FX Regulatory Approval System (RAS) for end-to-end...
Budget 2017-18: E-payment gateway to be launched by SBP at cost of Rs200m
The budget presented by Finance Minister Ishaq Dar on Friday for financial year 2017-18 has introduced certain measures for the benefit of...
Pakistan IT exports rise to $2.9 billion
ISLAMABAD: Due to government incentives to IT and Information Technology Enabled Services (ITeS) industry, Pakistan’s IT exports have grown to an estimated...
Dropbox’ valuation driven up by strong demand on IPO
SAN FRANCISCO: Dropbox Inc’s initial public offering, the largest tech stock debut in more than a year, was priced at $21 per...
Iran local cryptocurrency project on track despite ban by central bank
DUBAI: Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country’s central bank banned trading...
Toshiba receives revised offer of $22.3 billion for its chip unit
Tokyo: A group including Bain Capital and South Korea’s SK Hynix has raised its offer for Toshiba Corp’s chip business to 2.4...
MoneyGram’s shares rise 10.5 percent, forms partnership with Bitcoin rival
TEXAS: Shares of MoneyGram International Inc jumped 10.5 percent on Thursday, after the money-transfer company said it partnered with blockchain firm and...
ZTE seeks resolution of US export ban
BEIJING: China’s ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens...
98pc increase in budget allocation to boost IT sector
All the projects were funded by the indigenous resources of the government and not a single penny is taken as a foreign grant, revealed the budgetary document
US govt staff told to treat Huawei as blacklisted
WASHINGTON: A senior US official told the Commerce Department’s enforcement staff this week that China’s Huawei should still be treated as...