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Has Indonesia shaken its ‘delicate’ status among business sectors?

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Indonesia

Indonesia used to be considered one of the “Fragile Five” emerging economies. The central bank is among the world’s least hawkish, having given no hint of when it might lift rates. Inflation has only just nudged above 2% and the rupiah is one of emerging Asia’s best-performing currencies. Indonesia’s resource-rich economy has helped the government … Read more

ICE to stop CDS clearing in London in March 2023

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ICE

The Intercontinental Exchange (ICE) said on Thursday it would quit clearing credit. Default trades in London one year from now and shift the movement to Chicago. ICE, which runs the New York Stock Exchange and a subordinates exchanging stage London, says it clears around 95% of all CDS across the world. Contracts which protect against … Read more

Spirit improves its offer and continues to promote the merger with Frontier

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Spirit

Spirit Airlines board renews support for a merger deal with Frontier Group Holdings (ULCC.O). JetBlue Airways said it will “more thoroughly” review the revised terms of Frontier’s proposal. The carriers have been involved in a tussle to create the fifth-largest U.S. airline. Spirit Airlines Inc (SAVE.N) said on Friday it has reestablished its help for … Read more

Japan’s SMFG wants to buy a 10% share in SBI for $443 million

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Japan's

Sumitomo Mitsui Financial Group (SMFG) is in talks to acquire 10% of SBI Holdings Inc. Deal likely worth over 60 billion yen ($443 million), Nikkei reports. SBI says it is exploring opportunities to partner with SMFG, including through a capital tie-up. Japan’s Sumitomo Mitsui Financial Group (SMFG) Inc (8316.T) is in conclusive discussions to procure … Read more

The dollar reaches 135 yen as US yields continue to rise

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dollar

The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields. Central banks’ efforts to raise interest rates will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings. The yen tumbled … Read more

Hong Kong stocks finish sharply higher

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stocks

Hong Kong stocks rose in lockstep with global markets, boosted by a jump in IT businesses fueled by reports that China’s assault on the sector may be coming to an end. The Hang Seng Index climbed 2.24 percent, or 482.92 points, to 22,014.59. Read More: Hong Kong stocks finish lower The Shanghai Composite Index rose … Read more

The Senate is concerned about Pakistan’s growing trade deficit

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Senate Body

Pakistan’s trade deficit has jumped to $43.33 billion in eleven months of the current fiscal year. Pakistan’s imports have gone up by 44.28 percent to $72.182 billion in July to May period of FY2021-22 from $50.028 billion in the same period of the previous year. Senate Standing Committee on Commerce on Friday has communicated serious … Read more

Hong Kong stocks finish lower

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stocks

Hong Kong stocks closed with losses Wednesday as profit-takers stepped in following a healthy run-up in recent sessions and after a weak lead from Wall Street fuelled by inflation angst. The Hang Seng Index dropped 0.56 percent, or 120.26 points, to 21,294.94.   Read More: Hong Kong stocks close higher   The Shanghai Composite Index eased 0.13 … Read more

 Taco Bell outlets are running out of Mexican Pizza

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Mexican Pizza

Taco Bell’s Mexican Pizza is running out less than two weeks after the brand reintroduced the menu item. The chain claimed by Yum Brands said in an explanation that it’s working with its eateries and providers to get the thing back on its menu forever by the fall. “We are filling in as quick as possible to restock Mexican Pizza fixings,” the chain said on Twitter. Taco Bell’s interpretation of pizza incorporates … Read more

The price of oil is rising as the EU restricts Russian imports

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Oil prices have risen to new highs after European Union leaders agreed to halt more than two-thirds of Russian oil imports. Brent unrefined transcended $123 a barrel on Tuesday, the most noteworthy it has been for quite a long time. Costs for oil and gas have taken off as of late, fuelled by the lifting … Read more

Hong Kong shares rally into the weekend

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Hong Kong

Hong Kong stocks closed with greater sturdy profits as buyers welcomed an easing of Covid containment measures in Shanghai and Beijing, which raised hopes for the arena’s range two economic systems. The Hang Seng Index climbed 2.06 percent, or 426.57 points, to 21,123.93. The Shanghai Composite Index added 0.60 percent, or 18.82 points, to 3,149.06, … Read more

LUNA 2.0 drops by 80% on its first day of exchange after a solid start

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LUNA

On May 28, the new LUNA 2.0 chain went online, and an airdrop of the brand new coin was despatched to millions of wallets at the same time. The rate of the chain initially began buying and selling on ByBit at $0.30, however, it speedy skyrocketed to $30 in the first 30 minutes of buying … Read more

On the Jubilee, Prince William and Charles will “just exchange pleasantries” with Prince Harry

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Prince Harry will return to the United Kingdom with his family this week for the Queen’s Platinum Jubilee, and a royal expert predicts he will be greeted coldly by his brother and father, Prince William and Charles.

In an interview with OK! Magazine, royal analyst Duncan Larcombe stated that Harry and Meghan Markle’s trip is not intended to mend their gap with the royal family, but rather to honour the Queen.

Members of the royal family, including Charles, William, and Kate Middleton, are also wary of mixing with the Sussexes due to their proclivity for speaking to the press.

“Of course, when they do comeback, they Royals won’t say anything to them apart from pleasantries because they won’t want it reported back and put on, you know, ‘Harry and Meghan sat with Oprah’ again,” said Larcombe.

He then continued: “It’s very difficult for William and Charles to say anything to them because that trust has been sold, to put it bluntly.”

He then added that the presence of their kids, Archie and Lilibet, might be the only welcome distraction from the frostiness.

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Tottenham confident of signing Inter Milan winger Ivan Perisic

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Tottenham

Tottenham are sure of marking Ivan Perisic on a free exchange from Inter Milan. Prods have made the 33-year-old an agreement offer, with his arrangement at Inter reaching a conclusion. Further discussions are normal on Monday, when Perisic is set to go with a choice on his future, likewise in the midst of one more … Read more

Hong Kong stocks close down

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Hong Kong

Hong Kong stocks closed lower on Monday, dragged down by using falls in tech titans together with Alibaba and Tencent. The Hang Seng Index fell 1.19 percent, or 247.18 factors, to 20,470.06. The Shanghai Composite Index ended flat, adding just 0.29 points to 3,146.86, while the mainland’s second exchange, the Shenzhen Composite Index, rose 0.56 … Read more

Why world’s top concrete creator Holcim is leaving India?

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Holcim

Holcim, which had entered the market a long time back, held a 63.19 percent stake in Ambuja and a 4.48 percent in ACC, while Ambuja claims a 50.05 percent stake in ACC. Switzerland-based world’s top concrete producer Holcim is making an exit from the Indian market. Gautam Adani’s combination secured an arrangement to purchase Holcim … Read more

Afghan money exchangers on strike after licence fee hike

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Afghan

Thousands of cash exchangers closed shop across Afghanistan on Sunday after Taliban authorities imposed a steep hike in licence costs, the brokers’ commission stated, in a bid to sluggish down cash laundering and terrorism financing according to monetary analysts. Afghanistan’s formal banking gadget collapsed when the Taliban swept back to energy in August ultimate yr, … Read more

Gold declines to Rs135,300/tola

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KARACHI: The price of gold recorded a decline of Rs700 to reach Rs135,300/tola on Friday as the international gold prices fell to 1,818/ounce. Gold 24kt declined Rs700/tola and Rs600/10grammes in the local market to hit Rs135,300/tola and Rs115,998/10grammes, respectively. The yellow metal recorded the all-time high of Rs136,000/tola the previous day in the local market, … Read more

Dogecoin TO PKR: Today’s Dogecoin Price in Pakistan on, May 1st, 2022

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dogecoin to pkr

Dogecoin to PKR – The exchange rate for the Dogecoin (DOGE ) cryptocurrency to the Pakistani rupee on May 1st, 2022 is 24.41 Pakistani Rupee. Dogecoin Price in Pakistan Check the updated DOGE to PKR Pakistan Exchange Rate Chart. Today 1 Dogecoin to PKR Exchange Rate (Updated 22nd April 2022) 1 DOGE Dogecoin = 24.41 PKR

Hong Kong stocks edge up, Shanghai rallies

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Hong Kong

Hong Kong shares ended slightly higher Wednesday at the same time as Shanghai rallied after Chinese President Xi Jinping referred to a new infrastructure construction force, though investors stay concerned approximately a Covid outbreak in the USA And lockdowns. The Hang Seng Index added 0.06 percent, or 11.65 points, to 19,946.36. The Shanghai Composite Index rose 2.49 … Read more

Rupee gains 20 paisas against dollar

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pak rupee

KARACHI: The rupee gained 20 paisas against the dollar on Wednesday after an ease down in the political uncertainty coupled with the central bank’s measures to provide support to the local currency, dealers said. The exchange rate closed at Rs181.82 against the greenback from the last day’s closing of Rs182.02 in the interbank foreign exchange … Read more

SBP unveils incentive scheme for exchange companies

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SBP

KARACHI: The State Bank of Pakistan (SBP) has introduced a new incentive scheme for the exchange companies with the approval of the federal government. Under the scheme, the exchange companies would be required to surrender 100 per cent of the home remittances mobilised in the interbank market and in return, they will receive Re1 against … Read more

FBR mandates exchange firms to report failed transactions

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FBR

KARACHI: The Federal Board of Revenue (FBR) has made it mandatory for the exchange companies to provide details of failed transactions to prevent misuse of foreign exchange regime. In this regard, the apex tax body issued SRO 50 (I)/2022 to make it mandatory for the foreign exchange dealers and companies to report the failure of … Read more

Pakistan, India exchange list of prisoners under agreement

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India Pakistan

Under the Consular Access Agreement, Pakistan and India have exchanged the list of each other’s nationals held in jails by both countries, a statement released by the Ministry of Foreign Affairs (MoFA) said on Saturday. The statement said the government of Pakistan has shared a list of 628 Indian prisoners in Pakistan including 51 civilians … Read more

SBP sets limits for foreign currency purchase to discourage speculative gains

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SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said the limits of foreign currency buying by individuals have been set to discourage speculative transactions. The SBP has set a limit of $10,000/day/individual and $100,000/year/individual to check the foreign currency transactions. “It has been observed that substantial amounts of foreign currency was being purchased for … Read more

Bearer prize bonds to expire by month-end; Rs28 billion bills still in circulation

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prize bond

KARACHI: The bearer prize bonds of high denomination will expire by the end of the current month but unregistered securities worth billions of rupees are still in circulation. The government has decided to withdraw the bearer bonds with denominations of Rs7,500, Rs15,000, Rs25,000 and Rs40,000 and set a deadline of December 31, 2021 to exchange … Read more

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