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Goldman Sachs Says Market Recovery Hinges on 'Rates Relief'

Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, discusses the equities rally, the impact of US-Iran de-escalation on sentiment, and whether the markets recovery is sustainable. "I think we need central banks to shift back to a bit to where we were before," Mueller-Glissmann tells Bloomberg Television. "We need the rates relief to come in." (Source: Bloomberg)

Aurangzeb lauds Beijing’s support for Pakistan’s IMF programme during meeting with Chinese counterpart

Finance Minister Muhammad Aurangzeb appreciated China’s support in facilitating Pakistan’s engagements with the International Monetary Fund (IMF) in a meeting with his Chinese counterpart, the finance ministry said on Friday. Aurangzeb arrived in the United States on Monday to participate in the World Bank Group and International Monetary Fund (IMF) Spring Meetings 2026, taking place from April 13 to 18 in Washington, DC. The Spring Meetings bring together finance ministers, central bank governo...

Forced to mis-sell: Man who quit Rs 17 LPA job exposes sales pressure at banks

Forced to missell Man who quit Rs LPA job exposes sales pressure at banks

All coin collectors warned after common 50p spotted online with £45k price tag

All coin collectors warned after common 50p spotted online with £45k price tagThis 50p coin was released into circulation to celebrate the UK and its diversity. Spotted online with a £45,000 listing, an expert has revealed what you should do with the coin if you find itCommentsMoneyChristine Younan Deputy Editor Social Newsdesk08:33, 17 Apr 2026Updated 08:34, 17 Apr 2026View ImageCertain rare coins are worth a lot of money(Image: PA)Check your change as you could unknowingly be sitting on a fort...

Expensive phones, weaker demand: How Indian smartphone market hit a six-year low

India's smartphone market faces its worst start in six years, with a 3% shipment drop in Q1 2026. Rising component and energy costs are pushing phone prices up, impacting the crucial sub-Rs 15,000 segment. While premium devices show resilience, the mass market is weakening, signaling a tougher period ahead for the industry.

Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its impact.Anthropic, which has so far limited the release of the new model to a small clutch of primarily US businesses, including Amazon, Apple and Microsoft, said it would expand that to UK financial instit...

Indonesia’s Surabaya bans absentee fathers from public services for dodging child support

As divorce rates continue to rise in Indonesia, more single mothers are bearing the brunt of financial hardship due to the challenges of collecting money for child support from their former spouses. For some women, they can get help from an initiative unique in the country – the East Java city of Surabaya bans men from accessing public services if they fail to pay court-ordered child support payments. First introduced in 2023, the initiative has been used to block administrative access to over.....

Govt abolishes free electricity units facility for power sector employees

The federal government has abolished the free electricity units facility for power sector employees, according to Radio Pakistan. In a post on X, Power Minister Awais Leghari said for the first time in the country's history, under the leadership of Prime Minister Shehbaz Sharif, free units for power sector staff have been ended. He added that Lahore High Court accepted the Power Division's petition. Leghari further said ending free units was the public’s oldest and long-standing...

Gautam Adani overtakes Mukesh Ambani to become Asia's richest

Gautam Adani overtakes Mukesh Ambani to become Asias richest

BofA Sees 'Structural Drivers' Working Against Dollar

Kamal Sharma, G-10 FX strategy director at Bank of America, discusses the dollar's status as a safe haven as some banks are declaring the war-driven haven rally is likely over. He speaks on Bloomberg Television. (Source: Bloomberg)

Uber ups stake in Delivery Hero in £235 million deal

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Pakistan appreciates China’s continued support at IMF

BusinessMust ReadPakistan appreciates China’s continued support at IMFBy Web Desk-Apr 17, 2026ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, during the fourth day of the IMF–World Bank Spring Meetings in Washington, held extensive high-level engagements with Chinese leadership. He highlighted Pakistan’s improving macroeconomic outlook and efforts to mobilise external financing and strengthen strategic economic cooperation. During a meeting with Chinese Finance Mi...

New York loses nearly $74 million for not revoking 33,000 illegal licenses for truckers

NewsWorldAmericasNew York loses nearly $74 million for not revoking 33,000 illegal licenses for truckersSean Duffy has said that immigrants account for about 20% of all truck drivers nationwideJosh Funk Friday 17 April 2026 08:10 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"CF1:2959370T...

UAE: Gold, silver fall slightly as stability continues - Emirates 24|7

UAE: Gold, silver fall slightly as stability continues  Emirates 24|7

Supply shortage of gold, silver? Banks stop import orders as metals stuck at customs

The absence of new shipments could tighten domestic availability, given that India, the world’s second-largest consumer of gold and the largest buyer of silver, depends almost entirely on imports to meet demand, according to a Reuters report.

US to delay weapons deliveries to some European countries due to Iran war, sources say

InternationalMust ReadUS to delay weapons deliveries to some European countries due to Iran war, sources sayBy Reuters -Apr 17, 2026WASHINGTON: US officials have informed some ​European counterparts that some previously contracted weapons deliveries are likely to be delayed as the Iran war ‌continues to draw on weapons stocks, five sources familiar with the matter said. The sources, who spoke on condition of anonymity as the communications were not public, said several European countries will be...

Nuqi Gold, Mawarid Finance launch Shariah-compliant gold-backed card in UAE

A new partnership in the UAE is attempting to change how gold functions in everyday life. Nuqi Gold and Mawarid Finance have signed a memorandum of understanding to launch what is positioned as the GCC’s first gold-backed co-branded card, bringing together physical asset ownership and day-to-day spending.At its core, the proposition is straightforward. Customers buy certified 24K gold digitally through the Nuqi platform, with every gram backed by real, insured, and vaulted physical gold. That go...

2% to 4% DA hike likely: Here's how much your monthly pay may rise

to DA hike likely Heres how much your monthly pay may rise

Dubai gold prices edge up as US-Iran ceasefire cools volatility

Dubai: Gold prices in Dubai inched higher on Friday morning, even as a fragile ceasefire between the US, Iran and Israel begins to take some of the heat out of global markets — a sign that bullion is not quite ready to give up its safe-haven appeal just yet.In Dubai, 24K gold rose modestly to Dh578.75 per gram, up Dh1 from Thursday’s Dh577.75, while 22K climbed to Dh536.00, also gaining Dh1.00. The muted increase marks a shift from Thursday’s sharper rebound, when prices surged by over Dh4 amid...