Financial markets
The stock market closed higher on Wednesday after the Federal Reserve released minutes of its last meeting, showing that the central bank was concerned about inflation pressures that have yet to abate. Technology stocks led the gain, with Google-parent Alphabet and Intel rising. The Nasdaq rose 0.4%, and the
Financial markets
The Reserve Bank of India's latest Financial Stability Report (FSR) highlighted a growing disconnect between India's stock markets and the real economy. Despite this, the Indian stock markets have corrected significantly, raising questions about whether this correction has resolved the issue of the markets being overvalued
Financial markets
Russian state-backed gas giant Gazprom has seen its shares fall by nearly 30% after its investors blocked the payment of a dividend for the first time since 1998. The decision was made due to the current economic situation, with Gazprom's deputy chief executive, Famil Sadygov, stating that it
Financial markets
PJSC "NC "Rosneft" - Kurgannefteprodukt" will be paying a cash dividend to shareholders, with payment details as follows: the payment date to nominees and trustees (professional securities market participants) registered in the shareholder register is July 19, 2022, while the payment date to other persons or
Financial markets
Monetary policy actions in India will not be as harsh as elsewhere to contain inflation, said Reserve Bank of India (RBI) deputy governor Michael Patra. This is because the depreciation in the rupee is among the slowest in the world, and the RBI aims to defend it against volatility. The
Financial markets
Arini, a London-based hedge fund founded in 2021, has significantly expanded its team by recruiting three seasoned executives with extensive experience in the capital markets. The new hires, Younes Belcadi, Stan Fedorenko, and Mehdi Kashani, bring a wealth of expertise to the firm, which has grown its assets under management
Financial markets
As the Federal Reserve continues to raise interest rates to combat inflation, credit card debt holders are facing a perfect storm. With the average credit card interest rate now surpassing 20 percent, it's essential to develop a plan to pay down this debt as soon as possible. Michelle
Financial markets
President Joe Biden is confronting a self-inflicted crisis in the US economy, as inflation woes erode his approval ratings and put Democrats at a disadvantage in the November congressional elections. The President has shifted his focus on the Federal Reserve to tackle inflation, but its belated intervention may come too
Financial markets
Faysal Funds, a renowned asset management company in Pakistan, has released the offer prices and redemption prices for its various funds as of May 2022. The information is crucial for investors to make informed decisions about their investments. The list of funds includes Faysal Asset Allocation Fund, Faysal Islamic Asset
Financial markets
Karachi -- May 31, 2022, Alfalah GHP funds provided the latest NAV (Net Asset Value) per unit, offer price, and redemption price as of May 30-31, 2022. Alfalah GHP Value Fund, Alfalah GHP Islamic Stock Fund, and 21 other funds had their NAV and pricing updated, showcasing a diverse portfolio
Financial markets
The National Bank of Pakistan's (NBP) Fund Management Limited released the May 2022 rates and information for various funds managed by the company. According to the data, the NBP Islamic Savings Fund offered a rate of 10.4031% with a redemption rate of 10.2869% as of May
Financial markets
On May 20, 2022, Alfalah Investment Management Limited provided the NAV per unit, offer price, and redemption price for various mutual funds managed by the company. As of the given date, a total of 24 mutual funds were listed with their respective NAV values. The Alfalah GHP Value Fund, Alfalah
