Metro Bank strikes deal to shore up balance sheet
A £325m cash injection, as well as refinancing £600m of debt, will enable it to keep expanding, it says. Source link
Category: Business
Crackdown pulls down gold price sharply | The Express Tribune
KARACHI: The price of gold has dropped sharply in the domestic market in the wake of stern action against the mafia involved in illegal activities. Since the crackdown on illicit trade, the price of gold has come down by a whopping Rs27,000, reaching Rs188,000 per tola. The local gold pricing body has not been releasing…
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PKR continues to recover against US dollar – SUCH TV
The Pakistani rupee (PKR) continued to gain ground against the US dollar in the interbank market on Wednesday, extending its gains for the 20th consecutive session. According to the Forex Association of Pakistan, the rupee gained Rs1.04 against the US dollar, trading Rs284.68 from yesterday’s close of Rs285.72. In the open market, the dollar depreciated…
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3 Luxury Flats Worth 263 Crore: Param Capital’s Asha Mukul Agrawal Buys Apartments In Mumbai – News18
Real estate in Mumbai. (Representative image) The three apartments, purchased from Macrotech Developers Ltd, are located at Lodha Malabar, Walkeshwar Road, and Malabar Hill in Mumbai Asha Mukul Agrawal, director at Param Capital, has bought three apartments in Mumbai for Rs 263 crore, according to a Moneycontrol report citing documents accessed by IndexTap.com. The three…
Akasa Air Mumbai-Varanasi Flight Receives Bomb Threat; Passengers Deplaned
The Akasa Air plane landed on a separate runway and passengers disembarked after which CISF personnel conducted a thorough search of the plane for about an hour. Source link
A Shutdown Is Looming. What Comes Next?
The White House has begun advising federal agencies to prepare for a government shutdown as Republican lawmakers have shown no signs of progress in negotiations to keep the government funded beyond this week. The Senate on Wednesday continued debate on a bipartisan stopgap bill to fund the government through Nov. 17, but Speaker Kevin McCarthy…
State-owned British Business Bank reveals £147m annual loss
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a…
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Two big semiconductor proposals under process in India: Union minister Vaishnaw – Times of India
NEW DELHI: Union minister Ashwini Vaishnaw said on Saturday that two big semiconductor proposals are under process and expected to take shape in the coming few months.Vaishnaw, who was at groundbreaking ceremony of Micron‘s semiconductor plant in Gujarat, asserted that India’s first indigenous microchips are expected to be rolled out by December 2024.He, however, didn’t…
Government borrowing rose to £11.6bn in August
Public borrowing was higher than most economists had expected last month. Source link
SIFC expectations and reality check | The Express Tribune
ISLAMABAD: Economic rationale and global investment analysis suggest that attracting investment hinges on fulfilling three key prerequisites. Firstly, potential investors scrutinise a country’s business environment to understand its functioning, registration processes, facilitation mechanisms, bureaucratic attitude and governance system. Secondly, investors seek policy continuity and implementation stability, avoiding places where policies frequently change. Lastly, security ranks…
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