Financial markets
Globex Mining Enterprises Inc. has acquired two gold projects, the Eldrich Gold Mine and the Porcupine West Property, through a transaction with IAMGOLD Corporation. The transaction involved the exchange of Globex's Rich Lake and Lac l'Eau Jaune properties for the two gold projects. Both companies retain
Financial markets
BlackRock TCP Capital Corp., a specialty finance company focused on direct lending to middle-market companies, will report its financial results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024. The company will host a conference call at 1:00 p.m. Eastern Time to discuss its
Financial markets
PennantPark Floating Rate Capital Ltd., a business development company, announced its plans to release its financial results for the third fiscal quarter ended June 30, 2024. The company, which primarily invests in U.S. middle-market private companies through floating rate senior secured loans, will report its results on Wednesday, August
Financial markets
PennantPark Floating Rate Capital Ltd., a business development company, announced its plans to report third fiscal quarter results ended June 30, 2024, on August 7, 2024. The company will also host a conference call on August 8, 2024, to discuss its financial results. Interested parties can access the call by
Financial markets
South African banks have appeared to escape the worst of the US financial market volatility following the closure of Silicon Valley Bank (SVB) and Signature Bank, but investors remain cautious. The JSE banks index fell by 0.7% to 9,651 points yesterday as the All Share Index dipped by
Financial markets
Concerns over the fallout from the collapse of Silicon Valley Bank (SVB) lingered on Monday, sending global bank shares and short-dated U.S. Treasury yields plummeting. The U.S. dollar also fell, with gold and silver prices surging due to safe-haven buying. The Dow Jones Industrial Average and other major
Financial markets
Alfalah Investment Management Limited, one of Pakistan's leading asset management companies, has announced the NAV and pricing for its range of mutual funds as of November 18, 2022. The company manages a broad portfolio of funds catering to diverse investment objectives and risk appetites of its investors. The
Financial markets
NBP Funds has released updated offers and redemption prices for various Islamic and conventional funds as of November 21 and 22, 2022. The update includes the NBP Islamic Savings Fund, NBP Savings Fund, NBP Islamic Mahana Amadani Fund, and other funds managed by NBP Fund Management Limited. These funds cater
Financial markets
MCB Pakistan Stock Market Fund, which aims to provide long-term capital growth through investments in the stock market, had a NAV (Net Asset Value) of 89.1254, an Offer Price of 92.1468, and a Redemption Price of 89.1254 as of November 11, 2022. Key Takeaways: * MCB Pakistan Equity
Financial markets
Al Meezan Mutual Fund announced the Net Asset Values (NAVs) for its funds as of November 11, 2022, in a press release. The announcement includes the latest NAVs for each of the funds managed by the investment management company. The data shows a significant increase in the NAVs of various
Financial markets
The recent interest rate hikes by the US Federal Reserve and the Bank of England have sent shockwaves through the global financial markets, with the Indian Reserve Bank of India (RBI) also raising rates to tame inflation. While rate hikes can help contain inflation, they may also hurt economic growth
Financial markets
The stock market saw a sharp decline on Wednesday, with the Dow Jones Industrial Average dipping 0.3% following a key jobs report and ahead of the Federal Reserve's interest rate decision. The ADP National Employment Report showed October's private payrolls added 239,000 jobs, exceeding
