Financial services
Pakistan's economy has achieved remarkable progress in reducing default risk, outpacing other countries in the process. The nation's credit default swap (CDS)-implied probability of default declined significantly, from 59% to 47%, marking the largest reduction among emerging markets globally. This achievement is attributed to renewed
Financial services
The National Insurance Trust Fund (NITF) has been at the center of a massive controversy after awarding a state-backed contract to unlicensed foreign insurance broker Tysers, which has a history of involvement in high-profile bribery cases. Despite the company's tarnished record, the NITF appointed Tysers as the broker
Financial services
Malaysia's Ministry of Finance (MoF) has recently announced revisions to the expanded Sales and Service Tax (SST), addressing concerns from the Small and Medium Enterprises Association Malaysia (SAMENTA) and the country's small and medium enterprises (SMEs). The revised tax threshold will exempt approximately 75% of SMEs
Financial services
Jio BlackRock Broking Private Limited, a 50:50 joint venture between Reliance Industries' broking firm Jio Financial Services and BlackRock, has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member. This development is expected to bring
Financial services
The joint venture between Reliance Industries and BlackRock has secured the approval from the Securities and Exchange Board of India (SEBI) to establish Jio BlackRock as a brokerage firm in India. Following the approval, Jio Financial Services witnessed a significant rise in its stock value, climbing by 4% to Rs
Financial services
NorthJersey.com, one of the nation's largest real estate brokerages, Compass, has filed an antitrust lawsuit against Zillow, the leading real estate website in the United States, over its policy on private listings. The Zillow policy, which was implemented on May 28, permanently removes listings if they aren&
Financial services
Financial advisors will have a more comprehensive overview of their clients' financial portfolios due to a new integration between Pontera and BridgeFT. This partnership will enable advisors to view and manage clients' workplace retirement plan assets, such as 401(k)s and 403(b)s, alongside their multi-custodial
Financial services
AccessFintech, a network driven by data and intelligence, has partnered with Nuvo Prime, a leading provider of Prime Services SaaS solutions, to bring greater scalability to prime service businesses. The collaboration aims to transform trade lifecycle management and post-trade workflows, resulting in increased operational and capital efficiency for prime and
Financial services
The Financial Adviser Development Academy, launched by Deb Gayen Baggette + Co Wealth Management, seeks to revolutionize the financial planning profession by providing an alternative route to becoming a Chartered Financial Planner, bypassing traditional university routes. Chloe Blackmore, 19, has become the first trainee, joining the academy after an internship at
Financial services
As the pandemic has subsided, more professionals are embracing the idea of combining work and vacation. This shift in mindset is driving a trend of taking longer trips with scheduled work time, allowing individuals to recharge while keeping clients' needs top of mind. According to Deloitte's 2025
Financial services
The Cayman Islands have maintained their Aa3 sovereign rating with a stable outlook, according to Moody's Investors Service. This assessment is based on the territory's exceptionally strong fiscal position, supported by low debt burden, substantial liquid reserves, and a consistent track record of prudent financial management.
Financial services
The government and the Asian Development Bank (ADB) have signed a $350 million financing agreement to advance women's financial inclusion and economic empowerment in Pakistan. The agreement, under the Women Inclusive Finance Sector Development Programme (Subprogram-II), aims to provide Pakistani women with improved access to financial services, expand
