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Pakistan to resume trade with India after 19-month hiatus

Bloomberg Pakistan’s government will resume trade with India, in the latest sign that tensions are easing between the two nations. Prime Minister Imran Khan’s economic coordination committee approved importing cotton yarn until June, Finance Minister Muhammad Hammad Azhar said at a briefing in Islamabad on Wednesday. It will also purchase 500,000 tons of sugar to help stabilise prices since the ...

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StanChart to formalise hybrid working model for its UK staff

Bloomberg Standard Chartered Plc will formalise a hybrid working model for most of its UK staff as it moves forward with a sweeping overhaul of its working practices in the wake of the pandemic. The lender is rolling out the program to its 85,000 staff globally after 84% of the first wave of workers asked to keep the flexible arrangements ...

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RBNZ to allow local lenders to resume dividend payments

Bloomberg New Zealand’s central bank has eased restrictions on bank dividend payments, allowing them to distribute as much as 50% of net income to shareholders. The decision partially reverses steps the Reserve Bank took in April last year to provide more credit to the economy via the banking system. The remaining 50% limit will be lifted in July 2022 subject ...

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