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The Central Bank of Pakistan: Pakistan's total foreign exchange reserves as of July 3, 2026, amounted to US$24 billion.

2026-07-09

The Central Bank of Pakistan: Pakistan's total foreign exchange reserves as of July 3, 2026, amounted to US$24 billion.

Other News
2026-07-09

CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resum

CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resumption of buybacks before re‑entering. Mercedes sold 2,000 fewer cars in Q2 versus Q1, which points to a renewed margin squeeze after the 4.1% reported in Q1. Van volumes rose 1% to 94,000 units; that division should deliver another solid quarter with margins near 10%. CITIGROUP rates the stock neutral with a PT of €51.
2026-07-09

HSBC Global Research cut its Hong Kong target price for Alibaba (09988.HK) to HK$166 from HK$172 after lowering its US target to US$170 from US$176, and kept a Buy rating. The bank trimmed its fiscal 2027 adjusted net profit forecast by 3.7% to CNY 9

HSBC Global Research cut its Hong Kong target price for Alibaba (09988.HK) to HK$166 from HK$172 after lowering its US target to US$170 from US$176, and kept a Buy rating. The bank trimmed its fiscal 2027 adjusted net profit forecast by 3.7% to CNY 99.4 bln. For the fiscal first quarter ending June, HSBC expects revenue to rise 8% YoY to CNY 267.9 bln and adjusted net profit to fall 41% YoY to CNY 20.9 bln. HSBC said if Alibaba’s China e‑commerce unit bottoms in Q1, the stock could be re‑rated.
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