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Finance minister quells ‘noise’ casting doubts on IMF deal approval
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Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad. —Reuters/File ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday voiced hope that “the International Monetary Fund (IMF) will approve the staff-level…
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Lam Research notes fresh supply-chain issues, hurting stock and casting pall over chip-equipment sector
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Lam Research Corp. shares sank 6% in late trading Wednesday after the chip-equipment supplier reported worse-than-expected fiscal second-quarter revenue and third-quarter guidance, which the chief executive attributed to “supply-chain conditions.” Lam Research LRCX, +1.43% reported second-quarter net income of $1.2…
