Elon Musk’s attempt to scrap his purchase of Twitter Inc. Musk tore up his April 25 agreement to buy the social media platform. Elon Musk sold 9.6 million Tesla shares at an average price of around $885 per share. Analysts say he is in a better cash position. Elon Musk’s endeavor to scrap his acquisition … Read more
The Central Bank of Sri Lanka raises key rates by a full percentage point. Inflation touched a record 54.6% year-on-year in June while food inflation accelerated to 80.1%. The island of 22 million people is wilting under a severe foreign exchange shortage. The Central Bank of Sri Lanka (CBSL) raised its critical rates by a … Read more
Pakistani households predominantly see men at the helm of financial affairs. One of the reasons is that women themselves don’t prefer to handle the money matters. Many believe that it is only the men’s responsibility to earn as men are the ‘provider’ and needs to do so, but the truth is the opposite. Women have … Read more
KARACHI: Faysal Bank Limited on Thursday announced profit-after-tax of Rs4.067 billion for the half-year ended June 30, 2021, a bourse filing said. The bank posted 7.33 per cent growth in its net profit, compared with Rs3.79 billion in the corresponding period last year. Faysal Bank announced Rs2.68 as earnings per share (EPS) for the period … Read more
