spokesman37d ago
Judge orders hydropower changes on Columbia, Snake to help salmon - Thu, 26 Feb 2026 PST
A federal judge in Oregon has ordered changes to dam operations on the Columbia and Snake rivers to help salmon runs.
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Financial News
brecorder37d ago
IMF review mission: No further energy tariff hikes or new tax burdens urged
KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, has said that while the domestic economy is showing signs of a genuine turnaround, the ongoing IMF review mission must not result in further energy tariff hikes or tax burdens that could push the struggling export sector into a total collapse.He acknowledged the positive macroeconomic indicators, noting that Large-Scale Manufacturing (LSM) has posted a solid 5 percent growth in the first half of FY26. He highlighted the remarkable 67.2 percent surge in automobile production and an 11.6 percent rebound in cement, signaling strong domestic demand. Furthermore, he commended the Pakistan Stock Exchange for its landmark transition to the T+1 settlement cycle, a modernization that aligns the capital market with global standards despite the recent index correction from its 191,000 peak to the 166,000 level.“We have finally achieved a fragile macro-stabilization, but it is operating on a two-track reality,” said Mian Zahid Hussain. “While domestic manufacturing recovers, our export backbone is experiencing a severe competitiveness emergency. In January alone, textile exports suffered a 7.13 percent year-on-year decline. The government must convey to the IMF that overtaxing a dying industry will hinder recovery rather than prosperity.The veteran business leader warned that the visiting IMF mission traditionally pressures the government to aggressively increase tax revenues and hike energy tariffs to manage circular debt. He argued that the export sector simply cannot absorb any more “hidden taxes”. Currently, the Rs5 to Rs7 per unit cross-subsidy embedded in industrial power bills keeps Pakistani energy costs 40 percent higher than regional rivals like Vietnam and Bangladesh.Mian Zahid Hussain also highlighted the existential threat posed by the recently concluded India-EU Free Trade Agreement, which effectively neutralizes Pakistan’s GSP Plus advantage and puts a USD9 billion European export market at severe risk. “If the IMF insists on maintaining the 10.5 percent interest rate or enforcing rigid Super Tax collections without allowing instalment relief, our exporters will be entirely priced out of the global market,” he stated.He did, however, welcome the government’s recent structural trade reforms, particularly the Export Development Fund (EDF) Act 2026, which legally mandates the inclusion of active private-sector exporters on its board. “Giving the business community control over the EDF is a historic win. But to truly utilize these funds for market diversification, the government must negotiate fiscal breathing room with the IMF.”Mian Zahid Hussain concluded by urging the Finance Minister and the economic team to present a firm case to the IMF. Stabilization has been achieved, and the focus must now ruthlessly pivot to lowering the cost of doing business to save the country’s export base.Copyright Business Recorder, 2026
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toi37d ago
Now, cancel air ticket for free within 48 hours
Now, cancel air ticket for free within 48 hours
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themarketsdaily37d ago
Cable One (NYSE:CABO) Issues Quarterly Earnings Results
Cable One (NYSE:CABO – Get Free Report) posted its earnings results on Thursday. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.60 by ($8.95), FiscalAI reports. Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The company had revenue [...]
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themarketsdaily37d ago
Donaldson (NYSE:DCI) Posts Earnings Results, Misses Estimates By $0.07 EPS
Donaldson (NYSE:DCI – Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.07), FiscalAI reports. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The company had revenue of $896.30 [...]
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usatoday37d ago
Thor Metals review: Services, fees and what to know
Thor Metals is a precious metals dealer. Learn about its fees, services, and how it compares to competitors before you invest.
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watchlistnews37d ago
CMB.TECH (NYSE:CMBT) Announces Quarterly Earnings Results
CMB.TECH (NYSE:CMBT – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03), reports. The firm had revenue of $639.98 million for the quarter, compared to the consensus estimate of $449.43 million. CMB.TECH had a net [...]
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thelincolnianonline37d ago
Coupang (NYSE:CPNG) Issues Quarterly Earnings Results
Coupang (NYSE:CPNG – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03), FiscalAI reports. The business had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $9.12 billion. Coupang had a [...]
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thelincolnianonline37d ago
TopBuild (NYSE:BLD) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS
TopBuild (NYSE:BLD – Get Free Report) posted its quarterly earnings results on Thursday. The construction company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11, FiscalAI reports. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.50 billion for [...]
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bitcoinworld37d ago
Altcoin Season Index Holds at 34: A Revealing Stalemate for Crypto Investors
BitcoinWorldAltcoin Season Index Holds at 34: A Revealing Stalemate for Crypto InvestorsGlobal cryptocurrency markets enter a period of watchful equilibrium as CoinMarketCap’s pivotal Altcoin Season Index remains firmly at 34. This crucial metric, a barometer for investor sentiment and capital rotation, has shown no movement from its previous reading, indicating a sustained phase where Bitcoin continues to outperform the majority of alternative cryptocurrencies. Consequently, analysts and [...]This post Altcoin Season Index Holds at 34: A Revealing Stalemate for Crypto Investors first appeared on BitcoinWorld.
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yahoo37d ago
Pressure mounts on Aussie council over $1.5 billion Trump Tower as residents have 'deep concerns'
Construction could start as early as August, but there's one major hurdle standing in the developer's way.
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seekingalpha37d ago
ETHA: Ether ETF For Risk-Taking Investors
ETHA ETF holds approximately 3.12 million Ether tokens and is suitable for active traders seeking to capitalize on cryptocurrency volatility. See more here.
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