Islamabad, Sep 30 (IANS) Pakistan and the Gulf Cooperation Council (GCC) have signed a free trade agreement (FTA) following the conclusion of the final round of negotiations between the two sides in Riyadh, Saudi Arabia, local media reported.Pakistan Caretaker Commerce Minister Gohar Ejaz and GCC Secretary General Jasem Mohamed Albudaiwi inked the joint statement for … Read more
New Delhi, Sep 30 (IANS) The government has increased the windfall tax on domestic produced by companies such as ONGC (NS:) and Oil India (NS:) Ltd as prices have shot up to around $95 per barrel.The windfall tax on petroleum crude has been raised to Rs 12,100 a ton from Rs 10,000 with effect from … Read more
© Reuters. In response to the Federal Reserve’s aggressive interest rate hikes, top-tier U.S. companies are increasingly resorting to the convertible bond market to alleviate escalating borrowing costs. This year, investment-grade borrowers have issued $12 billion in convertible bonds, making up over a third of total issuance, according to Bank of America (NYSE:)’s data. This … Read more
© Reuters. South Korea’s Financial Supervisory Service Governor, Lee Bok-hyun, expressed confidence on Tuesday that the nation will be included in Russell’s World Government Bond Index (WGBI) this month, following the relaxation of some regulations. The inclusion is expected to attract billions in foreign capital and enhance currency market stability by bringing more mid-to-long-term bond … Read more
© Reuters. Shares of the Japanese supermarket operator, Heiwado, experienced a significant surge on Monday following the company’s upward revision of its earnings estimates for the fiscal year. The firm attributed this adjustment to robust results from the first half of the year and increased unit prices due to persistent inflation. Heiwado’s shares escalated by … Read more
New Delhi, Sep 25 (IANS) Elon Musk on Monday showcased the Tesla (NASDAQ:) humanoid robot called ‘Optimus’ who greeted his followers with a ‘Namaste’, while performing a couple of Yoga postures comfortably.Showcased for the first time during ‘Tesla AI Day’ 2022 in October, Optimus was seen performing simple tasks this time in a video posted … Read more
San Francisco, Sep 24 (IANS) Following a year of record-breaking inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline, dropping 3 per cent from $161,000 to $156,000, a new report has revealed.When adjusting for inflation, the data by AI-driven … Read more
Seoul, Sep 24 (IANS) Kia’s EV6 GT topped this year’s evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor (NYSE:)’s Mustang Mach-E SUV, Hyundai Motor Group said on Sunday.Hyundai Motor’s independent Genesis brand’s GV60 SUV ranked second in the competitive EV evaluation and the Ford Mustang … Read more
© Reuters. Bird Global Inc. (NYSE:BRDS), a leading provider of environmentally friendly electric transportation, has been served with a notice from the New York Stock Exchange (NYSE) regarding the suspension of trading and commencement of delisting proceedings for the company’s Class A common stock. The action, set to take effect at the start of business … Read more
© Reuters. Following a challenging trading session on Friday, Bank of America Corp (NYSE:).’s share price continued its downward trend, marking the sixth consecutive day of losses. The banking giant’s shares decreased by 1.46%, closing at $27.64. The bearish trend in Bank of America’s stock performance coincides with a broader market downturn. On Friday, the … Read more
_M_1440049621.jpg "Pakistan, Gulf countries sign preliminary free trade agreement")
