Tuesday, April 13, 2021
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Pakistan's economy is moving in right direction, says SBP governor
April 12, 2021
Pakistan's economy is moving in right direction, says SBP governor
KARACHI (92 News) - State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said that Pakistan’s economy is moving in the right direction.
HSBC and Huawei CFO reach agreement on document publication linked to extradition case
April 12, 2021
HSBC and Huawei CFO reach agreement on document publication linked to extradition case
HONG KONG (Reuters) - HSBC and Huawei Technologies’ Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to US fraud allegations against her, their lawyers told a Hong Kong court.
Alibaba says does not expect material impact from antitrust fine, shares rally
April 12, 2021
Alibaba says does not expect material impact from antitrust fine, shares rally
SHANGHAI (Reuters) -China’s Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record $2.75 billion for abusing its market dominance.
ECB must accept no further delay in lifting inflation: Panetta
April 11, 2021
ECB must accept no further delay in lifting inflation: Panetta
FRANKFURT (Reuters) - The European Central Bank should accept no further delay in lifting inflation back to its target as the current outlook is unsatisfactory and persistent misses risk damaging the economy, ECB board member Fabio Panetta told Spanish newspaper El Pais.
Record penalty for Ma's Alibaba marks tumultuous stretch for its founder
April 11, 2021
Record penalty for Ma's Alibaba marks tumultuous stretch for its founder
BEIJING (Reuters) - Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan ($2.75 billion) antitrust fine on Saturday, resolving one key uncertainty even as others persist for himself and his business empire.
S&P 500, Dow climb for third day and close at records
April 10, 2021
S&P 500, Dow climb for third day and close at records
NEW YORK (Reuters) – The S&P 500 and the Dow rose on Friday to close at record highs, posting a third straight weekly rise partly on a lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week.