Tue, 21-Oct-2025

Hard tech players now adored by more investors

hard tech

BEIJING: Chinese investors are pivoting to new opportunities in hard technologies with venture capital investments in related areas hitting a new high, which experts believe will help replicate the success of the consumer internet in new growth. Hard tech, which is also known as deep tech, is the term coined for areas that rely heavily … Read more

Investors’ consortium moves to acquire stakes in Sanofi

Sanofi

KARACHI: Sanofi-aventis Pakistan has received a public announcement of intention by an investors’ consortium to acquire stakes in the company, a bourse filing said on Thursday. The consortium led by Packages Limited, and comprising IGI Investments (Private Limited), and affiliates of Arshad Ali Gohar Group, through its manager of the offer, Arif Habib Limited intends … Read more

Evergrande defaults for first time: Fitch

Evergrande

BEIJING: Chinese real estate behemoth Evergrande was declared in default on Thursday by Fitch Ratings agency, citing the debt-laden property developer’s failure to pay more than $1.2 billion in bond repayments. “The non-payment is consistent with an ‘RD’ (restricted default) rating, signifying the uncured expiry of any applicable grace period, cure period or default forbearance … Read more

UniCredit plans to give investors $18 billion by 2024

UniCredit

ROME: Italian bank UniCredit announced a three-year business plan on Thursday that includes distributing some 16 billion euros ($18 billion) to shareholders from 2022 to 2024, Reuters reported. The plan under CEO Andrea Orcel, who took over in April, also calls for raising net profit to 4.5 billion euros by 2024, from a targeted 3.3 billion euros … Read more

Oil steadies as investors assess Omicron’s impact

Omicron

NEW YORK: Oil prices edged lower in choppy trade on Wednesday, taking a breather after gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy, Reuters reported. The market had a muted reaction to US weekly inventory figures, which showed a smaller-than-anticipated decline in crude stocks and another bump … Read more

Bank of England hawk mulling pause on interest rate hike vote due to Omicron

Bank of England

LONDON: The Bank of England policymaker Michael Saunders, who voted for an interest rate hike last month, said on Friday he wanted more information about the impact of the new Omicron coronavirus variant before deciding how to vote this month, Reuters reported. Saunders said Omicron might slow Britain’s economy but it could also add to inflation pressures … Read more

Omicron an opportunity for investors: JPMorgan

Omicron

Turmoil in global equity markets due to the new omicron variant could be an opportunity for investors to rebuild positions, JPMorgan, as saying. According to Bloomberg, the American investment bank suggested the latest evolution of the Covid-19 virus might ultimately be a positive for risk markets because it could signal that the end of the pandemic … Read more

Veon Group CEO briefs adviser on company’s operations

Veon Group

ISLAMABAD: Veon Group chief executive officer Kaan Terzioglu called on Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin at the Finance Division and expressed appreciation for supporting investors in Pakistan and briefed him on the operations and service provision of the company. The company is transforming lifestyles through technology-driven services that provide … Read more

Foreign inflows in Saudi capital market reaches nearly $36 billion

Saudi capital market

RIYADH: Foreign inflows in the Saudi capital market since 2019 have reached nearly SR135 billion ($35.98 billion), despite the kingdom being at an early stage in dealing with external investors, Arab News quoted Capital Market Authority chairman Mohammed ElKuwaiz, as saying. Opening the market for foreign investment supports diversification of funding sources for listed companies, ElKuwaiz said, … Read more

Mexico president scraps choice for central bank chief

Mexico president

MEXICO CITY: Mexican President Andres Manuel Lopez Obrador has withdrawn his nomination of former finance minister Arturo Herrera to head the central bank, Herrera announced. Lopez Obrador had proposed his then finance minister in June to be governor of the Bank of Mexico, subject to approval by the Senate. “The president informed me a week ago … Read more

International board set up to tackle ‘greenwashing’ by firms

DUBAI: A new international body will oversee companies’ environmental policies to ensure investors are not being duped by false sustainability claims known as ‘greenwashing’, Arab News reported. The International Sustainability Standards Board (ISSB) was revealed at the COP26 Climate Change Conference in Glasgow, and is expected to commence work next year. It will have offices in Montreal, … Read more

Gold holds above $1,800 mark on inflation worries

BENGALURU: Gold prices reclaimed the $1,800 mark, supported by persisting worries over inflation, as investors looked ahead to the next Federal Reserve meeting for its outlook on the monetary policy. Spot gold rose 0.5 per cent to $1,801.22/ounce by 1203 GMT. The US gold futures rose 0.4 per cent to $1,802.50. While there is a … Read more

Cardano Price Prediction: ADA recovery could yield 10% increase

Cardano Price Prediction

Cardano’s price is now in a regaining phase but is soaring around a key fence. A decisive near above this level could generate an increase, but a failure to do so might kick-start a downtrend.

Cardano price increase 15% from the September 8 swipe low to where it is presently trading, $2.55. But, the resistance barrier at $2.55 is crucial and will benefit ADA choose directional bias. A decisive 4-hour candleholder near above it is expected to trigger an increase.

Assuming the bulls succeed to close above $2.55, investors can assume Cardano’s price has a resistance-free path up to $2.74. Though, overcoming this barrier and retesting the $2.82 upper limit will complete the 10% uptrend.

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Prime Minister calls for fast-track reforms process to attract investment

Prime Minister

ISLAMABAD: Prime Minister Imran Khan on Saturday directed the relevant authorities to expedite the reforms process to attract the investors and improve the functioning of the state-owned enterprises. Chairing a meeting of the Economic Advisory Council (EAC) to review the government’s introduced reforms in the mega sectors of the country, he also directed for extension … Read more

Titan introduces portfolio of crytocurrency for U.S. clients

Titan

Titan, a U.S. investment adviser introduce a modern crypto offering for U.S. investors, providing market members to access digital currencies such as ETH and BTC.

The modern Titan crypto portfolio pursues the investors to invest in cryptocurrencies that have the potential to outperform in the long run. The portfolio is overlooked by titan’s crypto team and is also available for U.S. citizens who live outside the state of New York.

Earlier, Titan has raised $75 million in total capital, including a $58 million Series B round headed by Andreessen Horowitz. Despite the fact that the funds obtained were not primarily towards Titan’s crypto firms, Cointelegraph told by a representative at the company that these funds will assist titan’s cryptocurrency offering  “well beyond the flagship coins and behaviors,” mentioning to BTC and ETH. For upcoming growth DeFi coins is one avenue, the representative recognized.

For the most successful cryptocurrency campaigns, Andreessen Horowitz has been a part of. A company that is based in California newly launched a fund that worth $2.2 billion devoted to cryptocurrency plays and blockchain, Cointelegraph reported.

Among the largest funding phases have targeted crypto exchanges and other service providers that are giving old onramps on the investments of digital currency. There is mounting evidence on the institutional front that many of the investors have been rising their experience on digital assets.

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Pakistan equity market may remain volatile next week

Stocks remain range-bound over political turmoil

KARACHI: The benchmark stocks lost 1.5 per cent during the week ended July 30, 2021, and analysts predict a volatile week ahead as the Sindh government has imposed a strict lockdown, amid corporate results announcement season, dealers said on Saturday. An analyst at Arif Habib Limited said with the result season commencing, and cyclical expected … Read more

India Is Still In Cryptocurrency Denial Mode

India

Cryptocurrencies are completely ignored by the government of India. Finance Minister Nirmala Sitharaman told Parliament on July 27 that the Indian government collects no data on the cryptocurrency market in response to a query from a member of parliament (MP).

She stated that the government is unaware of the precise number of cryptocurrency exchanges or investors in the country. She also stated that her ministry has received no information regarding the use of these exchanges for money laundering or drug trafficking.

In the Upper House (Rajya Sabha), an MP from her party, the BJP, had inquired if the government was aware of the number of crypto exchanges in the country. The finance minister responded by saying, “This information is not collected by the Government.”

In response to another query from the same BJP MP, Sushil Kumar Modi, she stated that cryptocurrency investors who purchased coins outside of India would not be subject to the Equalization Levy. According to Sitharaman, “Equalization levy is imposed on e-commerce operators, not on the investor.”

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Murabaha: UAE banks raise $350 million for Pakistan

Pakistan UAE

DUBAI: The Ajman Bank and the Commercial Bank of Dubai have raised $350 million (Dh1.28 billion) in Murabaha syndicated financing for the government of Pakistan, Khaleej Times reported on Wednesday. The two UAE banks acted as mandated lead arrangers and book-runners for the facility on behalf of Pakistan’s Ministry of Finance. The Shariah-compliant Ajman Bank also acted … Read more

Pakistani businessman gets UAE Golden Visa

Pakistani businessman gets UAE Golden Visa

KARACHI: The UAE has awarded its 10-year residency known as Golden Visa to Ahmed Shaikhani, president of Pakistan Business Council, Dubai, along with several other members of Pakistan Business Council and their families, Emirates Official News Agency, WAM reported. Ahmed is the latest recipient, with more than 200 Golden Visa applications submitted by the members … Read more

Pakistan can earn $5 billion through exports of precious stones

Pakistan can earn $5 billion through exports of precious stones

ISLAMABAD: Pakistan has the potential of earning $5 billion annually through the exports of precious stones, which will have a positive impact on the national economy and create millions of jobs. This was informed during a meeting of the Gems, Jewellery and Minerals Task Force, which was chaired by Prime Minister Imran Khan. Currently, Pakistan … Read more

Foreign investors contribute Rs1.4 trillion as tax in Pakistan

Foreign investors contribute Rs1.4 trillion as tax in Pakistan

KARACHI: Foreign investors operating in Pakistan have contributed Rs1.4 trillion as tax revenue to the national exchequer during 2020/21, a statement said on Monday. Irfan Siddiqui, president of the Overseas Investors Chamber of Commerce and Industry (OICCI), representative of the foreign companies operating in Pakistan, said: “We are proud that in the past 12 months, … Read more

Budget 2021-22 Impact On Pakistan Stock Market

Budget 2021-22 Impact On Pakistan Stock Market

The next budget is likely to be positive for Pakistan stock market investors. According to sources, the government has been decided to reduce the capital gains tax rate in the next national budget and the capital gains tax rate is likely to be reduced by 3% on the profits of shares in the stock market. … Read more

Major relief for investors: CGT rate on shares to be slashed by 3%

Major Relief to Investors

KARACHI: The government has decided to provide a major relief to capital market investors by reducing the capital gains tax (CGT) rate from the existing 15 per cent to 12 per cent in the upcoming budget 2021/22, sources said on Saturday. The sources in the Ministry of Finance said the proposal of major relief to … Read more

UAE To Grant Citizenship To Investors, Other Professionals

The Vice President of the United Arab Emirates and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has announced his approval of amendments to the law on citizenship and passport issuance. The Dubai ruler said in a tweet this morning, “the UAE cabinet, local Emiri courts & executive councils will nominate those eligible for … Read more

Asian Shares edged up as Investors expect policy support from Washington

Asian Shares

Asian shares edged up on Wednesday with investors also expecting more policy support from Washington. According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.25% while Japan’s Nikkei advanced 0.35%. Mainland Chinese shares slipped a tad, with bellwether CSI300 index giving up 0.3% on investor caution after having hit a five-year … Read more

Alibaba shares soar more than 6 percent

Alibaba shares soar more than 6% on Hong Kong debut

Shares in Chinese online retail giant Alibaba surged more than six percent on their Hong Kong debut Tuesday, after raising at least $11 billion in the city´s biggest IPO in nearly a decade. Alibaba, which already is listed in the United States, had set the price for each share at HK$176, but the stock jumped … Read more

Pakistan Stock Exchange starts on a positive note

PSX

The last day of the trading week in the Pakistan stock exchange (PSX) has started with a positive note. On Friday, the market started trading at 37,225 and witnesses a shoot up of 40 points in the 100 index during the opening hour. Earlier, Pakistan stock market saw a sharp uptrend on the second day … Read more