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Tag Archives: 200 billion dollars

Hong Kong to link with China’s $3.9tr stock market on Nov 17  

HONG KONG/SHANGHAI: Norman Chan, chief executive of the Hong Kong Monetary Authority  said on Monday that Hong Kong and Shanghai would link their stock exchanges on November 17. The move will grant foreign investors unprecedented access to China’s $3.9 trillion stock market and create the world’s third-largest equity market. The long-awaited landmark stock connect project will, for the first time, allow ... Read More »

US oil drops 2%, dips for 6th consecutive week since Dec 1998

NEW YORK: US oil slipped by over 2 percent for the week, the first time the benchmark has dropped for six straight weeks since December 1998 despite going up for almost a dollar at the end of the previous week. The Friday rally was driven in part by geopolitical tremors in Ukraine and the dollar backing off of its four-year ... Read More »

$200b recovery from Swiss banks: Officer stuns Finance Ministry, FBR

ISLAMABAD: The Finance Ministry and Federal Board of Revenue (FBR) are stunned over the outcome of mission sent to Switzerland to negotiate on the issue of bringing $ 200 billion from Swiss banks. Federal Minister for Finance Ishaq Dar had announced that talks would be held with Swiss authorities in August to bring back US$200 billion to Pakistan from banks ... Read More »