Latest - Business Recorder

Markets

Indian benchmark shares jump as encouraging HCLTech earnings propel IT buying

Nifty 50 rose 1.6% to 22,721.95 and the BSE Sensex added 1.54% to 73,033.78

Published 13 Oct, 2026 03:41pm

Technology

Apple to unveil new smart home products, showcasing updated Siri AI

Apple launches AI-enhanced smart home devices, including a new hub, to boost growth and simplify home control

Published 13 Oct, 2026 03:35pm

Markets

India rupee outpaces Asian peers on fresh FX curbs, RBI intervention

Indian currency rose to a peak of 95.0725 per dollar

Published 13 Oct, 2026 03:30pm

Markets

India postpones UPI payment fee rollout until after Diwali festival

India postpones the 0.4% UPI payment fee until after Diwali, a timely move to support festive season spending for millions of users

Published 13 Oct, 2026 03:18pm

Markets

Gold gains Rs900 per tola in Pakistan

International rate of gold was up by $9 to reach $4,183 per ounce

Published 13 Oct, 2026 02:48pm

Markets

European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks

The pan-European STOXX 600 was up 0.61% at 639.54 points

Published 13 Oct, 2026 02:36pm

Business & Finance

Engro Powergen Qadirpur appoints Khurram Abdullah as CEO, Athar Khwaja resigns

Abrar Khwaja has been co-opted as a director

Published 13 Oct, 2026 02:28pm

Sports

Ronaldo on target as Al-Nassr win after security delay

Kick-off was delayed after Saudi Arabia's Civil Defence issued a safety ‌warning 15 minutes before the scheduled start time in Riyadh

Published 13 Oct, 2026 01:31pm

Sports

Swiatek aiming to end year on a positive note as WTA Finals spot hangs in balance

The six-time major champion has won only one tournament this year at the Canadian Open in August

Published 13 Oct, 2026 01:27pm

Pakistan

Govt says Khyber Pakhtunkhwa emergency aimed at unified counterterrorism policy

Says emergency in KP imposed under Constitution amid rising terrorism as there’s no room for two counterterrorism policies in one country

Published 13 Oct, 2026 01:22pm

World

Eleven sailors missing after drone sinks ship off Bulgaria

The attacks ⁠were also condemned by Ukraine and the EU

Updated 13 Oct, 2026 02:31pm

World

EU chief condemns latest attacks on ships off Bulgaria

Bulgaria Prime Minister Rumen Radev confirmed earlier that two vessels had been struck – one a Ukrainian-owned cargo ship

Published 13 Oct, 2026 01:16pm

World

Eight people hurt in supermarket stabbing in South Korea's Incheon, police say

Incheon, west of Seoul, is home to South Korea’s main airport and forms part of the wider Seoul metropolitan area

Published 13 Oct, 2026 12:21pm

World

Indian police detain 'cockroach' movement leaders demanding election chief's resignation

The Election Commission has denied favouring any party and said wrongly deleted voters can re-enrol

Published 13 Oct, 2026 12:16pm

Markets

AI investment props up global growth, but war and debt threaten outlook, IMF says

Despite a more protracted ‌conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%

Published 13 Oct, 2026 12:07pm

Pakistan

At least four killed, dozens injured as Rehman Baba Express derails near Multan

14 coaches of Karachi-Peshawar train carrying nearly 1,000 passengers derail

Updated 13 Oct, 2026 01:25pm

Life & Style

'Breaking Bad' actor and disability rights activist RJ Mitte dead at 34

'Breaking Bad' star Bryan Cranston voiced his “deep despair” over the death of his 'sweet son' on social media

Published 13 Oct, 2026 11:58am

Business & Finance

IMF sees Pakistan's inflation rising to 9.9% in 2027 as growth slows

Global growth is projected to slow to 3.1% in 2026 and rebound to 3.4% in 2027

Published 13 Oct, 2026 11:56am

Markets

Hong Kong dollar nears weak end of trading band, HKMA intervention looms

The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US currency

Published 13 Oct, 2026 11:54am

World

Explosion heard in Ukraine's Kyiv, Reuters witness says

Russia hit at least six energy targets during airstrikes across Ukraine on Monday

Published 13 Oct, 2026 11:50am

Markets

IMF sees higher energy prices and interest rates hitting UK growth

The IMF predicts Britain’s economy will grow 1.3% this year, up from predictions of 1.0% in July and 0.8% in April

Published 13 Oct, 2026 11:48am

Markets

Japan bond yields diverge as investors weigh inflation, BOJ outlook

The 30-year JGB yield slipped 1 bp to 4.045%, marking a fourth consecutive session of declines

Published 13 Oct, 2026 11:43am

Markets

South Korea shares tumble over 6% as chip selloff triggers trading curb

The KOSPI index was down 382.18 points, or 5.93%, at 6,002.06

Published 13 Oct, 2026 11:41am

Markets

Bank of England's Greene says IMF forecasts show UK monetary policy not very restrictive

Greene – who is part of a minority on the BoE’s Monetary Policy Committee that has voted for higher rates

Published 13 Oct, 2026 11:39am

Markets

Philippines raises $404 million from T-bond offer

Awards 15.42 billion pesos offer of reissued 2030 T-bonds at an average rate of 7.678%.

Published 13 Oct, 2026 11:37am

Markets

Japan's Nikkei slides as AI stocks tumble, geopolitical risks weigh

The benchmark Nikkei 225 fell 2.64% to 67,206.79 in early trade, poised for a fourth consecutive session of decline

Published 13 Oct, 2026 11:31am

Markets

Chicago soybeans extend losses as US Midwest harvest expands

The most-active soybean contract on the Chicago Board of Trade declined 0.87% to $12.76-1/2 a bushel

Published 13 Oct, 2026 11:30am

Markets

China blue chips fall to 14-month low on tech selloff

Shanghai's tech-focused STAR50 Index fell as much as 3.6% before recouping some losses to trade 0.7% lower

Published 13 Oct, 2026 11:29am

Markets

Australia dollar finds some support in RBA hawks, kiwi totters

Those figures are due later this month and risk showing core inflation rose a steep 1.0% in the quarter

Published 13 Oct, 2026 11:25am

Markets

India bonds rise as investors see value after 10-year yield nears 7.40%

India’s benchmark 10-year bond yield jumped 9 basis points on Monday, its biggest one-day spike in over six months

Published 13 Oct, 2026 11:24am

Markets

Tencent markets dollar, dim sum bonds amid AI spending spree

The 20-year notes were set at about 140 basis points over Treasuries, according to the sheets

Published 13 Oct, 2026 11:22am

Markets

Copper steadies as dollar strength counters Chile supply worries

Benchmark three-month copper on the London Metal Exchange fell 0.2% to $14,590.50 a metric ton

Published 13 Oct, 2026 11:20am

Markets

Yuan holds firm near 2023 highs despite dollar strength

The offshore yuan traded at 6.698 yuan per dollar, down about 0.05% in Asian trade

Published 13 Oct, 2026 11:19am

Markets

Palm slips on high stockpiles

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 39 ringgit, or 0.84%, to 4,598 ringgit ($1,125.86) a metric ton

Published 13 Oct, 2026 11:18am

Markets

Australian shares slip as miners, tech stocks drag; RBA minutes in focus

The S&P/ASX 200 index fell 0.2% to 8,767.80 points

Published 13 Oct, 2026 11:17am

Business & Finance

G-24 Meeting: Pakistan calls for reform of international financial architecture

Finance minister outlined three priorities for the G-24

Updated 13 Oct, 2026 01:11pm

Life & Style

Actor Selma Blair arrested and accused of abusing flight attendants

Two flight attendants reported injuries and one of them was taken to a hospital, according to the statement

Published 13 Oct, 2026 11:16am

World

Airlines cancel flights to Saudi Arabia after Riyadh airport attacks

The airport will be closed until October 17, according to a Notice to Airmen issued on Monday

Updated 13 Oct, 2026 02:42pm

Markets

Pakistan, Ethiopia move to fast-track drug registration for exports

Jam Kamal highlighted Pakistan’s growing pharmaceutical industry and its interest in expanding exports to African markets

Published 13 Oct, 2026 10:38am

Markets

Pakistan plans to issue more Panda bonds, eyes Japanese market for borrowing: report

A samurai bond is a yen-denominated bond issued in Tokyo

Updated 13 Oct, 2026 10:39am

Markets

PSX: buying returns at bourse, KSE-100 up over 900 points

Benchmark index was hovering at 166,068.84

Published 13 Oct, 2026 09:52am

Perspectives

Pakistan and IMF: A universal cure for all diseases

The International Monetary Fund (IMF) staff and Pakistan reached a staff-level agreement on the fourth review of the...

Published 13 Oct, 2026 09:00am

Markets

NTT Data in final talks to build Anthropic's first data centre in Japan, Nikkei reports

NTT Data, Anthropic aim to sign agreement by the end of ⁠fiscal 2026 ending on March 31

Published 13 Oct, 2026 08:25am

World

Saudi warning system stayed silent before deadly airport attacks

On Monday, Saudi Arabia's civil defence authority issued its first alerts since September 29, warning of potential threats in Riyadh and southern cities

Published 13 Oct, 2026 08:20am

Markets

AI boom bolstered growth in global trade, benefiting China and India, IMF says

Global trade would have grown at a far slower rate without the AI boost, Tenreyro told reporters at the annual meetings of the IMF and World Bank ‌in ⁠Bangkok

Published 13 Oct, 2026 08:10am

Markets

Indian rupee to extend recovery, RBI takes more steps to ease pressure

The Indian rupee is expected to open in the 95.50 to 95.60 range, per traders, having rallied 1% to settle at 95.77 to the dollar on Monday

Published 13 Oct, 2026 08:07am

World

ASEAN foreign ministers to tackle transboundary haze in November meetings

ASEAN foreign ministers will during a ‌meeting next month

Published 13 Oct, 2026 08:04am

World

South Korea says US raises intelligence cooperation concerns, Yonhap says

Kang did not detail ⁠Washington's concerns, but said communication between the two countries' intelligence agencies was continuing and had made progress

Published 13 Oct, 2026 08:02am

Markets

Dollar holds near 18-month high as geopolitical risks rise

The US dollar index , which measures the greenback’s strength against a basket of six currencies

Published 13 Oct, 2026 07:56am

Markets

Nvidia's China AI-chip share falls as Huawei closes gap, report finds

Nvidia shipped 678,000 AI accelerators in China from January through June, down 44% from a year earlier, IDC data showed

Published 13 Oct, 2026 07:51am

Markets

Indian shares on track for muted open as inflation strengthens rate-hike concerns

GIFT Nifty futures were at 22,423.5

Published 13 Oct, 2026 07:49am

Markets

Asian stocks dive as focus on earnings, geopolitics

In stocks, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2% in early trading

Published 13 Oct, 2026 07:46am

Markets

Oil falls as Russia diesel supply prospects counter Gulf supply risks

Brent crude futures fell $1.30, or 1.2%, to $105.35 a barrel

Updated 13 Oct, 2026 10:58am

Markets

Gold eases on firm dollar; spotlight on US inflation data

Spot gold fell 0.2% to $4,164.45 per ounce

Published 13 Oct, 2026 07:32am

World

Riyadh airport to remain shut this week

RIYADH: Authorities have extended the closure of Riyadh’s international airport until Saturday and airlines scrapped...

Published 13 Oct, 2026 06:25am

Markets

LDPL seeks gas supply for 235MW power plant

ISLAMABAD: Liberty Daharki Power Limited (LDPL) has urged the government to intervene for the immediate restoration...

Published 13 Oct, 2026 06:05am

World

Deadly airport attacks: Saudi says resilience tested, vows response

RIYADH: Saudi Arabia’s energy minister on Monday said the country had been tested but would mount a “serious”...

Published 13 Oct, 2026 05:50am

Markets

Oil prices rise by nearly USD2

NEW YORK/LONDON: Oil prices rose by nearly USD2 a barrel on Monday as attacks on Saudi Arabia outweighed the...

Published 13 Oct, 2026 05:40am

Markets

Petrol price cut by Rs2.93, HSD’s hiked by 61 paise

ISLAMABAD: In its daily revision, the government on Monday notified new fuel prices for October 13. According to an...

Published 13 Oct, 2026 05:38am

Pakistan

Governor’s rule, Emergency in KP: President summons NA, Senate sessions today

ISLAMABAD: President Asif Ali Zardari has summoned separately sessions of the National Assembly and Senate for today...