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KARACHI: Contrary to past practices, Finance Minister Ishaq Dar has not approached trade and industry leadership for taking their input for the upcoming budget to be unveiled on June 9. As less than a month is left, business leaders have deplored that the PDM government has not invited them for any consultative sessions to incorporate […]

Fears of a US banking crisis were reignited on Tuesday after shares in two regional lenders plummeted following the failure of First Republic. PacWest, a Californian lender, saw trading in its shares suspended after the stock plunged as much as 39pc, while Arizona’s Western Alliance fell by more than a fifth. The steep drops stoked […]

May 2 (Reuters) – Shares of U.S. regional banks PacWest Bancorp (PACW.O) and Western Alliance Bank (WAL.N) plunged on Tuesday as the demise of First Republic Bank

The white-collar remote work revolution may permanently reshape the office market, bankers said. “Office is going to be really challenged for quite a few years, and it has a lot to do with remote work,” said Michael Morris, the chief credit officer at Zions Bancorporation, with headquarters in Salt Lake City. The bank increased its […]

Comment on this storyComment The U.S. economy wobbled in the weeks following the collapse of Silicon Valley Bank, as consumers spent less, factories slowed their assembly lines and the nation’s bankers grew more cautious in making loans.

TOKYO/SINGAPORE, April 6 (Reuters) – Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. Brent crude futures fell 74 cents, or 0.9%, to $84.25 a […]

March 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and

The combination of climate change, advances in medicine, and limited anti-fungals could result in a fungal scourge similar to that in the Last of Us series by HBO, a scientist claimed Ophiocordyceps unilateralis is a parasitic fungus that infests and kills insect hosts(Getty Images) New types of fungi could pose an alarming threat to humans […]

Xi Jinping’s meetings in Moscow with Vladimir Putin put the Biden administration in an uncomfortable position: on the sidelines as two adversaries discuss a Ukraine peace proposal that the US has deemed unacceptable. US officials have publicly expressed deep skepticism about the Chinese idea, saying its call for a cease-fire would reward Moscow’s invasion by […]

March 17 (Reuters) – European Central Bank supervisors met to tackle growing cracks in the banking system on Friday after a $30 billion lifeline for U.S. lender First Republic Bank (FRC.N) eased fears of its imminent collapse.

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