[ad_1] KARACHI: Stability in the rats of quality cotton witnessed. Business volume is limited. Due to the huge increase in energy, gas prices, the textile chain is suffering from severe…
Tag: Financial Crisis
EU court upholds anti-bailout banking rules for Spain’s Banco Popular
[ad_1] Judges ruled against investors who lost billions, in the first test of controversial banking laws ADVERTISEMENT The EU was right to wind up Spain’s ailing Banco Popular in 2017,…
Who is Ted Pick, Morgan Stanley’s new CEO?
[ad_1] After 33 years with the Wall Street giant, Pick will take over as CEO at the start of next year. ADVERTISEMENT Banking veteran Ted Pick is set to become…
Russia raises interest rate to 13% as economy struggles
[ad_1] The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike. Concerns about inflation…
UK’s Second Biggest City Declares Financial Distress
[ad_1] Birmingham is home to some 1.1 million people. London: The UK’s second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of…
Deutsche Bank emulates JPMorgan in first big deal under Sewing
[ad_1] LONDON: Deutsche Bank AG has spent a decade shedding jobs, settling legacy litigation and undoing acquisitions that had gone awry after the financial crisis. In his first major deal…
The economic malaise
[ad_1] Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term trends and more recent developments. The former is primarily the path of…