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thumbnail favicon brecorder.com —  6+ hour, 15+ min ago

Denmark plans $2.6bn more for Ukraine, Zelenskiy praises 'major ...

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...Minister Mette Frederiksen said on Monday, winning thanks for Ukrainian President Volodymyr Zelenskiy.... ...STOCKHOLM: Denmark plans to increase its spending on military aid to Ukraine by 17.9 billion crowns ($2.59 billion) over this year and next, Prime... ...Secretary of State Antony Blinken to Denmark"s fellow Nordic countries Sweden, Norway and Finland.... ...Jens Stoltenberg, the transatlantic military alliance's secretary-general, is due to step down in September....

thumbnail favicon brecorder.com —  10+ hour, 54+ min ago

Palm drops more than 1% on weaker rival oils

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...The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.15% to 3,518 ringgit ($793.24) a tonne... ...“The Bursa Malaysia Derivatives opened gap lower mirroring weakness in rival oilseeds.... ...El Nino weather pattern, the Malaysian Palm Oil Board said on Friday.... ...Another cargo surveyor, AmSpec Agri Malaysia, said exports rose 0.7%....

thumbnail favicon brecorder.com —  9+ hour, 49+ min ago

MCB Bank to conduct Silkbank's due diligence - Business & Finance

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...MCB Bank shared the development in a filing to the Pakistan Stock Exchange (PSX) on Monday.... ...the Bank (MCB) to conduct a detailed due diligence of M/s Silkbank Limited, a commercial bank listed on the PSX.... ...Back in April, the International Commercial Bank South Sudan (ICB), a national South Sudanese bank, expressed its intention to invest up to 50 million... ...pursue the potential merger and take the required steps, including but not limited to seeking permission of State Bank of Pakistan (SBP) for allowing...

thumbnail favicon brecorder.com —  4+ hour, 51+ min ago

Gulf stock markets volatile on US debt deal, economic worries

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...US President Joe Biden and House Speaker Kevin McCarthy forged an agreement at the weekend to suspend the $31.4 trillion debt ceiling and cap government... ...about more Federal Reserve interest rate hikes weighed on sentiment.... ...SAUDI ARABIA was flat at 11,136 ABU DHABI fell 0.4% to 9,412 DUBAI added 0.1% to 3,544 QATAR eased 0.2% to 10,403 EGYPT up 0.5% to 17,212 BAHRAIN... ...Dubai"s main share index edged 0.1% higher, supported by a 1.2% rise in sharia-compliant lender Dubai Islamic Bank....

thumbnail favicon brecorder.com —  1+ hour, 8+ min ago

'Doomsday scenario past us': PM says 'sincere' efforts being made to address economic challenges

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...Prime Minister Shehbaz Sharif said on Monday that Pakistan faces economic challenges, but the "doomsday scenario is past us," adding that the challenges... ...In a Twitter thread, the premier criticised PTI chief Imran Khan saying that his understanding of the economy and the broader environment in which... ..."Even Pakistani investors would shy away from investing their capital in such an unstable environment deliberately created by Imran Niazi," the premier... ..."This is where our efforts are headed," the premier stressed....

thumbnail favicon brecorder.com —  6+ hour, 3+ min ago

Dollar nudges lower as US debt ceiling deal dents safe-haven appeal

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...US President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until... ...Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.... ...“We've got a risk-positive response so far to the debt deal news,” said Ray Attrill, head of FX strategy at National Australia Bank.... ...Chanana, a market strategist at Saxo Markets in Singapore....

thumbnail favicon brecorder.com —  3+ day ago


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...Copyright Business Recorder, 2023...

thumbnail favicon brecorder.com —  11+ hour, 16+ min ago

India central bank chief flags governance gaps, instances of ...

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...The Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps... ...our supervisory process, certain instances of using innovative ways to conceal the real status of stressed loans have also come to our notice,” Shaktikanta... ...India central bank surplus transfer to govt surges in FY23, but lags expectations Over-aggressive growth, under-pricing or over-pricing of products... ...deposit sides, concentration or lack of adequate diversification in deposit/credit profile can expose banks to higher risks and vulnerabilities, Das...

thumbnail favicon brecorder.com —  1+ hour, 26+ min ago

Army has directly or indirectly remained in power during last 70 ...

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...Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Monday that the army has directly or indirectly remained in... ...power in Pakistan during the last 70 years, Aaj News reported.... ...Addressing the issue of negotiations and the PTI"s offer, Imran highlighted, “The strength of my position diminishes when I experience a decline... ...“I have made it clear that if they can convince me that the proposed actions are in the best interest of Pakistan, I would agree to them.”...

thumbnail favicon brecorder.com —  19+ hour, 7+ min ago

Private equity steps up lending as US banks pull back

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...NEW YORK: The turmoil facing US regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private... ...equity (PE) funds and insurers to lend more.... ...PE and investment management firms including Ares Management Corp, Brookfield Asset Management and KKR are lending in areas traditionally dominated... ...When American Lions sought financing to build a 363-unit residential building in Long Island City, it got a $250 million loan from Brookfield Asset...

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