Tag: Financial News
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Pakistan’s SBP Forex Reserves Increased to $14.34 Billion
Overview of Pakistan’s Forex Reserves As of September 5, 2023, the foreign exchange reserves held by the State Bank of Pakistan (SBP) have shown a positive trend, increasing by $34 million to reach $14.336 billion. This significant rise in reserves reflects the ongoing efforts of the central bank to stabilize the country’s economy in a…
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Infosys Announces ₹18,000 Crore Share Buyback Plan
Infosys to Execute ₹18,000 Crore Share Buyback Infosys, one of India’s leading IT services companies, has recently announced a monumental share buyback plan. The board of directors has approved the proposal for a buyback of shares worth ₹18,000 crore. This significant decision reflects the company’s commitment to enhancing shareholder value and is anticipated to positively…
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Gold Price Today – September 11, 2025: An Expected Surge
Current Gold Price Overview On this Thursday, September 11, 2025, gold prices are experiencing significant movements both in local and global markets. With the market showcasing resilience, gold remains firmly positioned above $3600 per ounce, indicating strong investor confidence. Today’s Gold Prices Here’s a breakdown of today’s gold prices by purity: 24K Gold: 5611 EGP…
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GEK TERNA Plans €500 Million Bond Issue
Overview of GEK TERNA’s Bond Issue GEK TERNA, a leading group in Greece, is poised to complete the issuance of a new bond worth €500 million by the end of this month. This strategic move aims to bolster the company’s financial standing and support its ongoing projects. Purpose of the Bond Issue The primary objective…
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Oracle Surges on Wall Street with Ambitious Forecasts
Oracle’s Stock Performance Oracle Corporation, a leader in cloud computing and software solutions, witnessed a remarkable surge in its stock price earlier today. As of 14:20 GMT, Oracle’s share price jumped by an impressive 38.25%, reaching $333.88. This surge reflects investor confidence driven by the company’s strong financial forecasts and growth potential. Valuation Increase The…
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Unlimited Contactless Card Payments: What You Need to Know
Introduction to Unlimited Contactless Payments In a significant move, the Financial Conduct Authority (FCA) has proposed a change that could revolutionize the way we use contactless card payments. Currently limited to £100 per transaction, the new proposals suggest that these limits could be lifted entirely. This change aims to enhance user convenience while ensuring security…
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Dollar Strengthens Ahead of U.S. Inflation Data
Dollar Gains Ground in Forex Market In the New York forex market, the U.S. dollar has shown resilience, strengthening against most major currencies except for the Japanese yen. This movement comes ahead of the highly anticipated U.S. inflation indicators set to be released this week, leading traders to adjust their positions accordingly. Upcoming Inflation Reports…
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Teck Resources and Anglo American Announce Historic Merger
Introduction to the Merger In a groundbreaking move for the global mining industry, Teck Resources Ltd. and Anglo American PLC have announced their intention to merge in what could become the largest mining deal of the last decade. This anticipated merger, described as a “merger of equals,” is set to create a powerhouse in the…
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Teck Resources and Anglo American Announce Major Merger
Teck Resources and Anglo American Merger: A New Era in Mining In a groundbreaking move for the global mining industry, Teck Resources Ltd. has officially announced its merger with Anglo American PLC. This merger, which is being touted as a “merger of equals,” is set to reshape the mining landscape, creating a combined entity valued…
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Penny Stock Investment: How Eightco Holdings Turned $1k to $57k
The Phenomenal Rise of Eightco Holdings Penny stocks often attract a great deal of attention in the stock market, especially when they display an astounding rise in value. Recently, Eightco Holdings, listed on the American stock market, took investors by surprise with a remarkable increase exceeding 5600% in a single trading day. For investors holding…