March 29, 2023
Finance International

Budget 2023: Secure and Sustainable Investments for Canada

On March 29, 2023, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Budget 2023—A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future. Canada has made a remarkable recovery from the COVID recession. In fact, Canada’s economic growth was the strongest in the G7 over the last year. Furthermore, the country […]

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Finance International

L&T Finance, Sun Pharma, and BEL among buzzing stocks in today’s news

Campus Activewear: Fidelity Investments and Societe Generale have acquired a 2.98% stake in the footwear manufacturing company through open market transactions, while TPG Growth has exited Campus. TPG Growth III SF Pte Limited sold its entire 2.32 crore shares in Campus, while Fidelity Series Emerging Markets Opportunities Fund, Fidelity International Discovery Fund, and Societe Generale […]

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Finance International

IMF warns of financial stability risks, urges vigilance after banking sector turmoil

IMF Managing Director Kristalina Georgieva has cautioned that there are increased risks to financial stability and the need for constant vigilance following recent turmoil in the banking sector in advanced economies. Speaking at a conference in Beijing, Georgieva stated that uncertainties in the world economy remain “exceptionally high” with global economic growth expected to dip […]

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Finance International

Stocks rise after volatile trading session, despite initial concerns over Deutsche Bank’s health

The stock market had a volatile trading session on Friday, but ended the week on a positive note. The Dow Jones Industrial Average rose by 0.41%, the S&P 500 by 0.56%, and Nasdaq Composite by 0.3%. For the week, the Dow gained 0.4%, while the S&P 500 and Nasdaq gained 1.4% and 1.6% respectively. One […]

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Banking Banking International Pakistan

IMF Denies Blocking Funds to Pakistan, Tensions Rise Over Economic Reform Program

The International Monetary Fund (IMF) has dismissed claims by the Economic Coordination Committee (ECC) of Pakistan that the IMF has blocked funds to the country. The ECC had previously accused the IMF of blocking a $450 million loan to Pakistan, which it said was needed to bridge the country’s budget deficit. However, the IMF has […]

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Banking International

Banking Industry Worries Intensify as Eyes Turn to Federal Reserve and Interest Rates

As the banking industry faces a challenging economic landscape, all eyes are on the Federal Reserve and its decision on interest rates. The banking industry has been facing numerous challenges, including rising inflation, concerns over loan defaults, and increasing competition from fintech startups. The Federal Reserve’s decision on interest rates is critical for the banking […]

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Economy International

China’s new drivers of growth will disappoint global markets, says Independent Strategy’s David Roche

David Roche, president of Independent Strategy, has stated that China’s economy will need to recalibrate due to a “fractured” global order, with new drivers of growth that are likely to disappoint global markets. The Chinese government recently announced a target of around 5% GDP growth in 2023, which is the country’s lowest in more than […]

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Banking International

Tech stocks lead S&P 500 to new record high as bond yields retreat

First Republic Bank’s shares soared more than 20% in Tuesday’s pre-market trading, leading a rally in regional bank shares. The surge comes after a recent speech by Treasury Secretary Janet Yellen, in which she indicated that the government could backstop deposits at more banks if there was a risk of contagion. Investors had been worried […]

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Economy Pakistan

More Than 60% of Pakistani Youth Willing to Leave Country

The percentage of Pakistani youngsters who want to leave the country has surged to a worrying 67 percent, according to Dr. Faheem Jehangir Khan, Senior Research Economist at Pakistan Institute of Development Economics (PIDE). Khan made the statement while speaking at the two-day EconFest festival, where he also emphasized the need to discuss issues faced […]

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Economy Pakistan

Pakistani Passport Applicants Beware: Delays Double Delivery Time

Passport applicants are facing unprecedented delays in obtaining this essential travel document. A surge in the number of passport applications has resulted in a delay of more than double the usual delivery time of passports, according to sources. This means that many travelers who had planned trips abroad are now stranded without their passports. The […]

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