Under the agreement, Geely will acquire the remaining stake it does not already own for $2.687 per share, or $26.87 per American depositary share, the companies said in separate statements on Tuesday. The offer, which comes just over a year after Geely took the EV brand public in the U.S., represents an 18.9% premium to […]
The mood was also shaded by geopolitical concerns after the US president said personnel were being moved from the Middle East as nuclear talks with Iran faltered and fears of a regional conflict grew. The equity losses snapped a recent rally fuelled by talks between Beijing and Washington in London that saw them hammer out […]
The step is led by the Punjab Cattle Market Management and Development Company (PCMMDC) in association with the Punjab Information Technology Board (PITB). The initiative aims to update the trading of sacrificial animals and improve operational efficiency. To use the digital platform, one needs to register online and communicate directly with verified dealers, confirming transparency […]
The buying rate for the UK Pound (GBP) in exchange for the Pakistan Rupee (PKR) stood at 361.6 while the selling rate was 364.50 in the open market on Wednesday. Let’s delve into what this signifies and examine how currency valuations operate. This rate indicates the value of one UK Pound in Pakistani Rupees and […]
On Thursday, Trump said his proposed tariffs of 25% on Mexican and Canadian goods would take effect on March 4, along with an extra 10% duty on Chinese imports, defying expectations of those who hoped for a further delay in the levies. Investors responded by selling risk assets such as stocks and, in particular, cryptocurrencies. […]
India’s electronics production has more than doubled in the last six years to $115 billion in 2024, with the country now becoming the world’s second-largest mobile phone manufacturer. Apple led the Indian smartphone market with a 23% share in total revenue during 2024, followed by Samsung at 22%, according to research firm Counterpoint. The list […]
Adnan Rajput, the fire initially started in nearby bushes and quickly spread to the market, making it difficult to control. Upon receiving information, seven fire brigade vehicles rushed to the site and worked tirelessly to douse the flames. The intense fire engulfed multiple shops in the furniture market, forcing shopkeepers to scramble to save their […]
PTI founder Imran Khan was responding to queries from journalists at Adiala Jail during the hearing of the case. “Do you agree, the government has stabilized the economy,” the journalist asked. “Government saved the economy from the verge of default,” Imran Khan responded. Despite being saved from default, the economy is not prospering, Imran Khan […]
Shares in Nissan soared as much as 24 percent, while Honda dipped more than three percent. Mitsubishi Motors — of which Nissan is the top shareholder — gained almost 20 percent. Japan’s number two and three automakers behind Toyota had already agreed in March to explore a strategic partnership on EVs. “We are discussing possibilities […]
KSE-100 shed 282.88 points or 0.31 percent to settle at 92,021.44 points at the closing of the stock market, as against the previous day’s closing of 92,304.32. A total of 889.16 million shares were exchanged during the trading session at the PSX, compared with the previous day’s turnover of 752.66 million shares. Analysts at Topline […]
