The Swiss Central Bank is planning to raise interest rates. By 50 or 75 basis points. Inflation hit a 29-year high of 3.4% in June. The first time it has surpassed 3% since 2008. The Swiss Central Bank is as of now wanting to raise financing costs by 50 or 75 premise focuses in its … Read more
Suncor CEO Mark Little steps down after a string of fatalities at Canada’s third-largest oil producer. His resignation comes a day after a worker was killed at Suncor’s oil sands base plant. It was the second fatality at a Suncor site this year. Suncor Energy Inc (SU.TO) said on Friday its CEO, Mark Little, has … Read more
The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier. High gas prices are a headache for President Joe Biden and congressional Democrats ahead of the midterms in the U.S. The cost of U.S. gas found the middle value of more than $5 a … Read more
KARACHI: Pakistan’s exports in November surpassed the target $2.6 billion set by the government for the month, an adviser to the Prime Minister tweeted on Wednesday. Adviser to the Prime Minister on Commerce and Trade Razak Dawood said that Pakistan’s exports during November reached the historic monthly high of $2.903 billion, up by 33 per … Read more
DUBAI: An Abu Dhabi-based global fund has surpassed its target of $50 million in its second raise, as it aims at deploying investments to a dozen companies in Series A and pre-IPO stages. The Chimera Global Fund, managed by Chimera Capital, said it has a “robust pipeline of opportunities” in a number of sectors, including … Read more
