Indian shares have hit a five-month low, pulled down by a fall in financial stocks prompted by Silicon Valley Bank\’s collapse. The Nifty 50 dropped 1.5% to 17,154.30, while Sensex slid 1.52% to 58,237.85. Easing fears of contagion, further rate decisions are due by several central banks, and US authorities have announced plans to limit […]
Loblaw Cos. Ltd., Canada\’s largest grocery chain, reported that its fourth quarter profits beat expectations despite the impact of its price freeze. Loblaw\’s suppliers and rivals argued that the price freeze was just a meaningless marketing ploy, but Loblaw\’s President Galen Weston said it saved customers a lot of money. Loblaw\’s revenues jumped 9.7 percent […]
Developing countries\’ debt rose to a record high of $98tn in the last year, according to the Institute of International Finance. This is due to currency devaluation, the US Federal Reserve\’s aggressive interest rate increases, and the strength of the dollar against most emerging market currencies. Countries like Pakistan and Egypt are at high risk […]
لاہور: ٹیکسٹائل کے برآمد کنندگان نے خدشہ ظاہر کیا ہے کہ اگر حکومت کی جانب سے 19.99/kWh کے علاقائی مسابقتی توانائی ٹیرف (RCET) کو واپس لینے کی صورت میں ٹیکسٹائل انڈسٹری تباہی کے دہانے پر پہنچ جائے گی۔ آل پاکستان ٹیکسٹائل ملز ایسوسی ایشن (اپٹما) کے چیئرمین (نارتھ زون) حامد زمان نے پریس کانفرنس میں […]