VW subsidiary Porsche and Google are expanding their collaboration: VW subsidiary Porsche and Google are expanding their collaboration. Porsche wants to ...
waz-online.de/lokales/wolfsburg/vw-tochter-porsche-und-google-erweitern-ihre-zusammenarbeit-4GVV3EHGBRFBRDLIBC7G4KLVD4.html
Phase change memory: Analog AI chip transcribes more efficiently and faster - Golem.de
golem.de/news/phasenwechselspeicher-analoger-ki-chip-transkribiert-effizienter-und-schneller-2308-177134.html
Rent differences across city laid bare as tenants struggle: Rent for a two-bed flat can vary from £675 to thousands per calendar month in Birmingham ...
birminghammail.co.uk/news/midlands-news/rent-differences-across-birmingham-revealed-27265976
Procharger Just Unlocked the C8 Corvette Stingray's True Potential: Procharger has a tuning program that gives the C8 Corvette Stingray 725 horsepower with ...
topspeed.com/procharger-takes-the-corvette-stingray-up-to-725-hp/
Memory: PCM, ReRAM, FRAM and MRAM on the rise: 44 billion US dollars by 2032: Young memory technologies such as PCM, ReRAM, FRAM and MRAM will conquer a ...
elektronikpraxis.vogel.de/speicher-pcm-reram-fram-und-mram-im-aufwind-a-abb81bfa0e8b2e9adfa2cdb7ffb0d648/
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MHT CET 2022 result announced: Download PCM, PCB scorecard at cetcell.mahacet.org; Here’s easy steps to download
financialexpress.com/education-2/mht-cet-2022-results-for-pcm-pcb-to-release-today-on-cetcell-mahacet-org-where-and-when-to-check-scorecard/
Hydra History - 7.3L Tuning: Hydra History - 7.3L Tuning ..
dieselworldmag.com/diesel-technology/hydra-history-7-3l-tuning/
Ford recalls Mustang with manual gearboxes over rev-matching: Ford is recalling certain Mustangs with manual transmissions because the transmission gear position ...
autoblog.com/2022/06/13/ford-mustang-recall-manual-transmission-rev-matching/
Manual Mustangs Recalled for Confused Shift Sensor: Ford has issued a recall for more than 25,000 stick-shift Mustangs because of a fault that can cut off ...
jalopnik.com/manual-mustangs-recalled-for-confused-shift-sensor-1849060124
Don't take advantage of the disadvantaged: PEOPLE with disabilities should be treated with care and empathy, not taken advantage of.
nst.com.my/sports/others/2021/09/731815/dont-take-advantage-disadvantaged
HSBC’s Private Bank Shuts IAM Business in HK, Singapore: HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong ...
bloomberg.com/news/articles/2024-04-26/hsbc-s-private-bank-shuts-iam-business-in-hk-singapore
US regulator pauses plans to scrutinize asset manager stakes in banks: A top U.S. bank regulator on Thursday shelved a vote to impose stricter oversight on asset ...
reuters.com/business/finance/us-bank-regulator-tables-plans-scrutinize-asset-manager-stakes-banks-2024-04-25/
PGIM joins firms seeking green light for ETF mutual fund share class: PGIM has become the latest in a rapidly-growing list of asset management firms seeking ...
reuters.com/technology/pgim-joins-firms-seeking-green-light-etf-mutual-fund-share-class-2024-04-22/
China's technological development has run out of steam: Nina Xiang is managing director at TH Capital, an investment advisory and asset management firm ...
asia.nikkei.com/Opinion/China-s-technological-development-has-run-out-of-steam
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UBS Weighs Synthetic Risk Transfer Amid Capital Boost Proposals: UBS Group AG is considering bringing a synthetic credit risk transfer to the market ...
bloomberg.com/news/articles/2024-04-26/ubs-weighs-synthetic-risk-transfer-amid-capital-boost-proposals
Turkey’s ‘Orthodox’ Pivot Makes Lira a Favorite for HSBC: Turkey’s return to a more conventional approach to monetary policy is boosting investor confidence ...
bloomberg.com/news/articles/2024-04-24/turkey-s-orthodox-pivot-makes-lira-a-favorite-for-hsbc
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US to rush Patriot missiles to Ukraine as Pentagon builds up support: Move comes as Biden administration begins parcelling out funds unlocked by Congress this ...
ft.com/content/bfd54fd8-de16-4a5a-97e7-14c701e9520f
US regulators seize troubled lender Republic First Bancorp: U.S. regulators have seized Republic First Bancorp and agreed to sell it to another lender ...
reuters.com/business/finance/us-regulators-set-seize-republic-first-bancorp-wsj-reports-2024-04-26/
Warren Buffett’s Real Estate Brokerage Agrees to $250 Million Settlement: HomeServices of America, the largest residential real estate brokerage in the United ...
nytimes.com/2024/04/26/realestate/warren-buffett-homeservices-lawsuit-settlement.html
Quick Glance: Billion Dollar Settlement in Real Estate Commission Lawsuits
- HomeServices of America, owned by Warren E. Buffett’s Berkshire Hathaway Energy, will resolve the claims of home sellers who had to pay inflated commissions, subject to court approval.
- With the agreement from HomeServices of America, the damages now exceed the billion-dollar mark.
- Analysts predict that the settlement will introduce competition to the real estate commission market, leading to a reduction in fees paid by consumers when selling a home.
- The total amount of damages in commission lawsuits in the USA now surpasses the billion-dollar mark following today's settlement deal.
Porsche Profit Slumps 30% on Model Renewals, China Downturn: Porsche AG’s profit plummeted during the first quarter for the weakest result since listing in ...
bloomberg.com/news/articles/2024-04-26/porsche-profit-slumps-30-on-model-renewals-china-downturn
Mercedes Is First Automaker to Sell Level 3 Autonomous Vehicles in the US: After securing permission to sell cars with advanced autonomous features in California ...
pcmag.com/news/mercedes-is-first-automaker-to-sell-level-3-autonomous-vehicles-in-the
Quick Glance: Mercedes Sells First Autonomous Vehicle in the US
- Mercedes is the first automaker in the US to sell a car with advanced autonomous features. Drivers are not required to pay close attention to the road.
- Mercedes currently has permission to sell and lease cars with Level 3 autonomous driving in Nevada and California.
- The Drive Pilot system is limited to specific models and requires a yearly subscription. However, it has some restrictions for use.
- While other automakers like Tesla are still offering Level 2 autonomous driving, Mercedes is also working on developing Level 4 autonomous driving capabilities expected to be available by the end of the decade.
F1 News: Audi Signs First Driver for Formula One Entry: Nico Hulkenberg will drive for Stake in 2025, transitioning into Audi F1 team in 2026.
newsweek.com/sports/f1-news-audi-signs-first-driver-formula-one-entry-1894555
Formula 1 | Decision made? Sauber apparently throws Bottas and Zhou out: The Formula 1 driver market is slowly gaining momentum. The rumor mill is getting hotter ...
sport.de/news/ne6598805/formel-1--entscheidung-gefallen-sauber-schmeisst-offenbar-bottas-und-zhou-raus/
Wall Street sees Google stock rallying to $200 because maybe Google can win AI after all
qz.com/google-stock-rally-ai-search-wall-street-analysts-1851438633
Apollo, KKR and Stonepeak may fund Intel's Ireland facility, Bloomberg reports: Apollo Global Management , KKR & Co and Stonepeak may invest billions of dollars ...
reuters.com/technology/apollo-kkr-stonepeak-invest-jv-fund-intels-ireland-facility-bloomberg-reports-2024-04-26/
NatWest (NWG) Beats Estimates on Signs of Growing Customer Confidence: NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits ...
bloomberg.com/news/articles/2024-04-26/natwest-beats-estimates-on-signs-of-growing-customer-confidence
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China Offers Drivers Up to $1,380 to Trade in Their Old Cars: China will give a one-time subsidy of as much as 10,000 yuan ($1,380) to consumers who trade in ...
bloomberg.com/news/articles/2024-04-26/china-offers-drivers-up-to-1-380-to-trade-in-their-old-cars
From @breakingviews: European banks have gotten a massive boost from rising interest rates over the past few years. It may be surprising then that giant French ... Show more
European banks have little to lose from rate cuts | Reuters
European banks have little to lose from rate cuts | Reuters
BNP Paribas Is Said to Plan 50 Job Cuts Across Its UK Unit: BNP Paribas SA is planning to cut as many as 50 roles across its unit in the UK as Chief Executive ...
bloomberg.com/news/articles/2024-04-26/bnp-paribas-is-said-to-plan-50-job-cuts-across-its-uk-unit
UBS Says Investors Fear Labour Could Hit UK Banks’ BOE Deposits: Investors are starting to worry that a future Labour government could seek to raise money for ...
bloomberg.com/news/articles/2024-04-26/ubs-says-investors-fear-labour-could-hit-uk-banks-boe-deposits
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Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Trump trial live updates: Trump assistant recalls seeing Stormy Daniels in Trump Tower
abcnews.go.com/US/live-updates/trump-hush-money-trial/farro-says-cohen-became-his-banking-client-in-2015-109703719
Quick Glance: Trump Trials Insights: The Payment to Playboy
- During the seventh day of Donald Trump's criminal trial in Manhattan, the defendant's relationship with the National Enquirer was explored further.
- Pecker was granted protection from state prosecutors in 2019.
- Pecker was aware that the payment to the Playboy model violated election laws.
- Trump and Pecker's relationship extends prior to the election.
Porsche AG posts Q1 profit drop on ramp-up costs: Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the ...
reuters.com/business/autos-transportation/porsche-ag-posts-q1-profit-drop-ramp-up-costs-2024-04-26/
China Vanke Property Crisis May Continue to Spell Trouble for Chinese Lenders: Greater China’s property market crisis and the challenges it poses for lenders ...
bloomberg.com/news/articles/2024-04-26/china-vanke-crisis-may-continue-to-spell-trouble-for-chinese-lenders
U.S. Treasury refunding set to offer relief from supply rises: The U.S. Treasury Department is expected to offer markets some relief next week when it details ...
reuters.com/markets/us/us-treasury-refunding-set-offer-relief-supply-rises-2024-04-26/
Mega price targets for Amazon: Should investors take action before the stock goes steep?
boerse-online.de/nachrichten/aktien/mega-kursziele-fuer-amazon-sollten-anleger-zuschlagen-bevor-die-aktie-steil-geht-20356192.html
Koo halts salary payments from April: Koo was reportedly in talks to be acquired by news aggregator platform Dailyhunt and short-video app Josh’s parent company ...
financialexpress.com/life/technology-koo-haltsnbsp-salary-payments-from-april-3468743/
Sam Altman, Jensen Huang, and the 20 other leaders on the new AI safety board: The AI board will advise the Department of Homeland Security on safely and ...
qz.com/sam-altman-jensen-huang-ai-safety-board-biden-security-1851438417
Elon Musk Thinks You Should Be Able to Watch a Stabbing Video on X: X removes video of a bishop being stabbed in Australia, but pushes back on requests to block ...
pcmag.com/news/elon-musk-thinks-you-should-be-able-to-watch-a-stabbing-video-on-x
No, a Shadowy Figure Is Not Buying Tents for Columbia Student Protesters: Conspiracies about outside forces funding and orchestrating the university protests at ...
wired.com/story/conspiracy-tents-student-protests-gaza/
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
Engie to divest from Morocco's Safi coal plant before 2027: French energy firm Engie plans to sell its stake in Morocco's largest coal plant in Safi (SAFIEC) ...
reuters.com/business/energy/engie-divest-moroccos-safi-coal-plant-before-2027-2024-04-26/
Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline: Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s ...
dailymaverick.co.za/article/2024-04-26-copper-hits-10000-a-ton-as-bhp-bid-shows-tight-supply-pipeline/
Nomura Profit Jumps on Fixed-Income Trading, Retail Boom: Nomura Holdings Inc.’s earnings climbed as soaring fixed-income trading and resurgent markets in Japan ...
bloomberg.com/news/articles/2024-04-26/nomura-rebounds-with-first-annual-profit-growth-under-ceo-okuda
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T Rowe's quarterly profit beats estimates on tailwinds from market rally: T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted ...
reuters.com/business/t-rowes-quarterly-profit-beats-estimates-tailwinds-market-rally-2024-04-26/
Microsoft beats quarterly revenue estimates: Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across ...
reuters.com/technology/microsoft-beats-quarterly-revenue-estimates-2024-04-25/
LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko: Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton ...
trib.al/3253Jnc
Hertz Global eyes worst day on record as EV rental business falters: Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage ...
reuters.com/business/autos-transportation/hertz-global-eyes-worst-day-record-ev-rental-business-falters-2024-04-25/
Boeing, GKN Aerospace close deal for St. Louis site: Boeing said on Friday that it has closed a deal with aero supplier GKN Aerospace and its parent company ...
reuters.com/business/aerospace-defense/boeing-gkn-aerospace-close-deal-st-louis-site-2024-04-26/
Spain's Bankinter takes on Irish banks with deposit move: Bankinter said on Friday it was applying for a full Irish banking licence and entering the deposit ...
reuters.com/business/finance/spains-bankinter-takes-irish-banks-with-deposit-move-2024-04-26/
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Former Moody's top lawyer pleads guilty in tax case: A former longtime general counsel to Moody's has pleaded guilty to willfully failing to file federal income ...
reuters.com/legal/government/former-moodys-top-lawyer-pleads-guilty-tax-case-2024-04-26/
From BHP's takeover bid for miner Anglo American to Ghana's call for more funds to protect is cocoa crops, here are the top business stories from sub-Saharan ... Show more
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
From @breakingviews: Lenders like BNP Paribas benefitted from rising interest rates, so it's perhaps odd that the group now seems happy about cuts ... Show more
European banks have little to lose from rate cuts | Reuters
European banks have little to lose from rate cuts | Reuters
Billionaire Pinault CEO Laments Kering Slide as Fortune Dwindles: The billionaire Pinault heir at the helm of Gucci owner Kering SA is unhappy about the fashion ...
bloomberg.com/news/articles/2024-04-25/kering-ceo-pinault-unhappy-with-gucci-owner-s-performance
Quick Glance: Time for Kering’s King to Consider a Step Back
- Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.
- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
Renault talks to China's Li Auto and Xiaomi on tech collaboration: Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent ...
reuters.com/business/autos-transportation/renault-talks-chinas-li-auto-xiaomi-tech-collaboration-2024-04-26/
India's Bajaj Finance falls on profit growth concerns: Shares of Bajaj Finance fell the most in 16 months on Friday after the Indian non-bank lender forecast ...
reuters.com/business/finance/indias-bajaj-finance-falls-profit-growth-concerns-2024-04-26/
Takeaways from Day 8 of the Donald Trump hush money trial: Jurors will now have a three-day weekend to think about what they heard during the first full week of ...
cnn.com/2024/04/26/politics/takeaways-trump-hush-money-trial-friday-day-8/
Foreign states targeting sensitive research at UK universities, MI5 warns: Ministers considering more funding to protect important research sites ...
theguardian.com/technology/2024/apr/26/foreign-states-targeting-sensitive-research-at-uk-universities-mi5-warns
King Charles' funeral plans reportedly being updated regularly after cancer diagnosis: 'He is really very unwell'
nypost.com/2024/04/25/world-news/king-charles-funeral-plans-updated-amid-cancer-battle-report/
Capital One's first-quarter profit jumps on interest income boost: Capital One Financial's first-quarter profit rose 35% as customers paid more on the company's ...
reuters.com/business/finance/capital-ones-first-quarter-profit-jumps-interest-income-boost-2024-04-25/
Jefferies CEO bought himself a new yacht with $65 million stock sale: He's buying a Westport 164 from his friend and Jefferies client Tilman Fertitta.
businessinsider.com/jefferies-ceo-sold-millions-shares-stock-bought-new-yacht-fertitta-2024-4
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Boeing now has a ‘negative’ outlook from both Moody’s and S&P Global: S&P sees greater uncertainty regarding Boeing's ability to achieve its estimates ...
qz.com/boeing-credit-ratings-outlook-negative-moodys-sp-1851435363
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Liability, partial and fully comprehensive insurance: prices for car insurance are increasing significantly
n-tv.de/ratgeber/Preise-fuer-KFZ-Versicherung-ziehen-deutlich-an-article24900961.html
Swiss National Bank sceptical on holding bitcoin in its currency reserves: The Swiss National Bank remains sceptical about buying bitcoins, Chairman Thomas ...
reuters.com/business/finance/swiss-national-bank-sceptical-bitcoin-its-currency-reserves-2024-04-26/
South Korea's public finances no longer a credit rating 'strength', Fitch says: South Korea's public finances are no longer a strength for its sovereign credit ...
reuters.com/markets/asia/south-koreas-public-finances-no-longer-credit-rating-strength-fitch-says-2024-04-26/
Car rental operator Hertz reported it lost another $200 million due to its EV gamble.
Hertz’s EV fleet — which once stood at 60,000 EVs ... Show more
Hertz loses another $200 million from its EVs
Hertz loses another $200 million from its EVs
Tokyo Inflation Slows Sharply on Education Subsidy Impact Before BOJ Meeting: Price growth in Tokyo decelerated sharply to a pace below 2% in April ...
bloomberg.com/news/articles/2024-04-25/tokyo-inflation-slows-sharply-on-education-subsidy-impact
Mexican lawmakers approve new pension fund backed by president: Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts ...
reuters.com/world/americas/mexican-lawmakers-approve-new-pension-fund-backed-by-president-2024-04-26/
Quick Glance: New Pension Fund Approved in Mexico
- Mexico's Senate approved the creation of a new pension fund to boost payouts to the lowest-earning recipients.
- The reform aims to ensure pensioners receive a specific percentage of their last monthly salary.
- Critics have raised concerns about potential risks to the savings of some Mexicans, a claim disputed by the government.
- The fund will be initially funded by unclaimed savings held by older workers in inactive accounts with private fund administrators.
EQT’s Avetta Buyout to Get One of the Cheapest Private Credit Loans: EQT AB is tapping a group of direct lenders for around $1 billion of debt to help finance ...
bloomberg.com/news/articles/2024-04-25/eqt-to-get-one-of-the-cheapest-loans-from-private-lenders-for-avetta-buyout
Bank of Singapore uncovers misuse of medical benefits; fires some employees: Claims were made by employees for items such as bird’s nest and skincare products ...
channelnewsasia.com/singapore/bos-bank-singapore-ocbc-medical-claims-clinic-thomson-thompson-4294521
Glencore seeks investment opportunities in Nigerian mining sector: Mining and trading house Glencore will invest in Nigeria's mining sector if the government ...
reuters.com/markets/commodities/glencore-seeks-investment-opportunities-nigerian-mining-sector-2024-04-26/
UBS Buybacks Are at Risk From Swiss Capital Rules, KBW Says: New bank capital rules recently put forward by Switzerland may crimp UBS Group AG’s ability to carry ...
bloomberg.com/news/articles/2024-04-26/ubs-buybacks-are-at-risk-from-swiss-capital-rules-kbw-says
Riester pension: How high the pensions paid out really are: New figures show how small the Riester pensions paid are: not only are they extremely small ...
capital.de/geld-versicherungen/riester-rente--wie-hoch-die-ausgezahlten-renten-wirklich-sind-34656460.html
Confused about AI? Here are the podcasts you need on artificial intelligence: Want to know more about AI? The Forum has a range of podcasts that will help you ...
weforum.org/agenda/2024/04/ai-artificial-intelligence-forum-podcasts/
Apollo to Buy Frack-Sand Provider US Silica (SLCA) for $1.21 Billion: Funds managed by affiliates of Apollo Global Management Inc. will buy frack-sand provider ...
bloomberg.com/news/articles/2024-04-26/apollo-funds-to-buy-us-silica-for-15-50-a-share-in-cash
The Democratic Republic of Congo (DRC) has accused tech giant Apple of using illegally exploited minerals from its eastern region for iPhones ... Show more
Japan’s Retail Investors Bought Record Shares as Stocks Plummet: Japan’s retail investors purchased a record amount of domestic stocks last week ...
bloomberg.com/news/articles/2024-04-25/japan-s-retail-investors-bought-record-shares-as-stocks-plummet
Service without a smile: The case of a widow who had to wait 20 years for her late husband’s Public Service pension is a not-so-extreme example of the ...
trinidadexpress.com/opinion/editorials/service-without-a-smile/article_cda4d9f6-0297-11ef-a549-bbd22ad32e80.html
Pakistan c.bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds
reuters.com/markets/rates-bonds/pakistan-cbank-expected-hold-rates-monday-ahead-imf-deal-reuters-poll-finds-2024-04-26/
Quick Glance: Pakistan central bank set to keep rates steady before IMF deal
- Pakistan's central bank is widely expected to maintain its key interest rate at a record 22% for the seventh consecutive policy meeting as the country awaits approval from the International Monetary Fund (IMF) and engages in discussions for a long-term program.
- The fund's executive board meeting will follow Monday's policy decision to discuss the approval of $1.1 billion in funding for Pakistan, representing the final tranche of a $3 billion standby arrangement with the IMF.
- The median estimate from a Reuters poll of 14 analysts indicates that the State Bank of Pakistan (SBP) will keep rates stable. Some analysts anticipate a rate cut before signing a new program with the IMF in the future.
- Pakistan's Finance Minister has stated that Islamabad will commence talks with the IMF next month and could potentially secure an agreement on the new program by early July. The policy decision will also take into account inflation, tensions in the Middle East, and the Fed's delay in monetary easing.
76ers' Kelly Oubre Jr. crashed Lamborghini following Game 2 loss against Knicks: The incident reportedly occurred around 1:45 a.m. on Tuesday
cbssports.com/nba/news/76ers-kelly-oubre-jr-crashed-lamborghini-following-game-2-loss-against-knicks/
Biden administration taps tech CEOs for AI safety, security board: The Artificial Intelligence Safety and Security Board includes figures like OpenAI CEO Sam ...
nbcnews.com/tech/tech-news/ai-safety-board-biden-sam-altman-openai-security-microsoft-alphabet-rcna149531
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