News Archives for Business & Finance - 2025-03-19

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Business & Finance - 2025-03-19

USA

Fed leaves policy rate outlook unchanged amid projected growth slowdown, temporary inflation jump

Federal Reserve leaves policy rate in 4.25%-4.50% range

Published 19 Mar, 2025 11:21pm

Interest Rates

US Fed expected to sit tight as Trump tariff fears buffet markets

WASHINGTON: The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart...

Published 19 Mar, 2025 08:53pm

Markets

Hutchison Ports agrees to fast-track $1 billion investment: ministry

Hutchison Ports, one of the world’s leading ports network, has agreed to fast-track its $1 billion investment plan...

Published 19 Mar, 2025 08:05pm

South Asia

Foreign investors jilt India as growth falters and China beckons

MUMBAI/SINGAPORE: Global investors are deserting India’s stock market, selling shares at a record pace to buy...

Published 19 Mar, 2025 06:36pm

Commodities

Gold gains further Rs1,650/tola to hit fresh record high in Pakistan

Gold rush continued in both the local and international markets, with the price per tola of the yellow metal hitting...

Published 19 Mar, 2025 04:51pm

Commodities

Bangladesh gets offers in tender to buy 50,000 T rice, traders say

HAMBURG: The lowest price offered in the tender from Bangladesh’s state grains buyer to purchase 50,000 metric tons...

Published 19 Mar, 2025 03:37pm

Business & Finance

‘No sugar shortage’: Dar caps retail price at Rs164 per kg

Ex-mills price to be capped under Rs159 per kg

Published 19 Mar, 2025 03:04pm

Forex

Turkiye lira plunges to record low after Erdogan rival detained

ISTANBUL: Turkiye lira fell 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and...

Published 19 Mar, 2025 03:04pm

Forex

Russian rouble weakens after Trump-Putin call

MOSCOW: The Russian rouble interrupted its rally and weakened against both the US dollar and China’s yuan on...

Published 19 Mar, 2025 03:01pm

Stocks

European shares fall; US Fed rate verdict in focus

European shares slipped on Wednesday, a day after strong gains on Germany’s approval for a massive spending surge,...

Published 19 Mar, 2025 02:57pm

Forex

Ugandan shilling steady as commodity flows lend support

KAMPALA: The Ugandan shilling was steady in early trade on Wednesday, drawing some support from inflows of hard...

Published 19 Mar, 2025 01:29pm

Business & Finance

Japanese automakers warn of US tariff impact

TOKYO: Japan’s top automakers on Wednesday said they may be forced to cut production if US President Donald Trump...

Published 19 Mar, 2025 12:46pm

Energy

Trump to clear Venture Global LNG exports from Louisiana project, Bloomberg News reports

US President Donald Trump’s administration is set to grant Venture Global LNG conditional approval to export natural...

Published 19 Mar, 2025 12:16pm

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.22% lower at 33.66 per dollar

Published 19 Mar, 2025 12:09pm

Markets

World Bank approves $102mn financing for Pakistan’s RAM Project

Finance ministry to implement project through SBP

Updated 19 Mar, 2025 10:43pm

Forex

Rupee registers slight gain against US dollar

Currency settles at 280.21 against greenback

Updated 19 Mar, 2025 05:17pm

Stocks

Chips stocks drive South Korean shares higher for third session

The benchmark KOSPI was up 14.68 points, or 0.63%, at 2,627.02

Published 19 Mar, 2025 11:05am

Forex

China’s yuan eases, Fed decision and Powell comments in focus

SHANGHAI: China’s yuan eased against the dollar on Wednesday, with investors looking ahead to the Federal Reserve’s...

Published 19 Mar, 2025 11:03am

Commodities

Wheat drops on Black Sea hopes, corn down on US planting outlook

SINGAPORE: Chicago wheat slid on Wednesday as top grain exporter Russia agreed to stop attacking energy facilities...

Published 19 Mar, 2025 11:00am

Commodities

Iron ore slides as concerns over China demand prospects dominate

BEIJING: Iron ore futures slipped for a third straight session on Wednesday, as concerns over demand prospects in...

Published 19 Mar, 2025 10:59am

Technology

Samsung CEO says company will pursue deals as it struggles for growth

SUWON: Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough...

Published 19 Mar, 2025 10:57am

Mutual Funds

Indian bond yields may dip as RBI surprises with another debt purchase

MUMBAI: Indian government bond yields are expected to move down in early deals on Wednesday as the central bank...

Published 19 Mar, 2025 10:54am

Stocks

Australian shares snap two-day rally as banks, miners drag

Australian shares snapped a two-session rally on Wednesday, led by banking and mining stocks on caution ahead of US...

Published 19 Mar, 2025 10:53am

Forex

Australia, NZ dollars pause before data deluge

SINGAPORE: The Australian and New Zealand dollars took a breather on Wednesday, settling in to the top half of...

Published 19 Mar, 2025 10:51am

Commodities

Palm gains on stronger Dalian oils By Dewi Kurniawati

JAKARTA: Malaysian palm oil futures opened higher on Wednesday, supported by stronger movement of edible oils in the...

Published 19 Mar, 2025 10:50am

Commodities

Copper retreats from five-month high; market focus on potential Trump tariff

SHANGHAI: Copper prices on the London Metals Exchange (LME) retreated from a five-month high on Wednesday, with...

Published 19 Mar, 2025 10:48am

Stocks

Japan’s Nikkei rises as weaker yen boosts automakers; BOJ stands pat

TOKYO: Japan’s Nikkei share average rose on Wednesday, with automaker shares helped by a weaker yen, while the Bank...

Published 19 Mar, 2025 10:47am

Mutual Funds

JGB yields rise as market awaits BOJ decision

TOKYO: Japan’s government bond (JGB) yields rose on Wednesday, as investors awaited the Bank of Japan’s policy...

Published 19 Mar, 2025 10:45am

Commodities

Malaysia keeps April crude palm oil export duty at 10%

KUALA LUMPUR: Malaysia has maintained its April export tax for crude palm oil at 10% and raised its reference price,...

Published 19 Mar, 2025 10:44am

Stocks

New all-time high: KSE-100 settles near 118,000

Experts attribute positivity to multiple factors including progress on IMF programme, circular debt resolution

Updated 19 Mar, 2025 10:42pm

Bullion Rate

Gold hovers near record high on safe-haven demand; Fed decision in focus

Gold held above the key $3,000/oz level on Wednesday, trading near a record high hit in the previous session, as...

Published 19 Mar, 2025 08:27am

Forex

Indian rupee likely to dip; Fed’s updated forecasts loom

MUMBAI: The Indian rupee is likely to open marginally weaker on Wednesday as traders await the US Federal Reserve’s...

Published 19 Mar, 2025 08:08am

Business & Finance

BOJ keeps interest rates steady as Trump risks loom

TOKYO: The Bank of Japan kept interest rates unchanged on Wednesday, as policymakers chose to spend more time...

Published 19 Mar, 2025 08:03am

Stocks

Indian shares may open higher; metals in focus

Indian equities may extend their recent rebound to the third straight session on Wednesday, but caution ahead of the...

Published 19 Mar, 2025 08:00am

Forex

Yen steady, dollar dithers as traders await BOJ, Fed decisions

SINGAPORE: The yen steadied on Wednesday while the dollar struggled to regain some lost ground ahead of key rate...

Published 19 Mar, 2025 07:55am

Energy

Oil up on US fuel demand, while Ukraine ceasefire talks loom

Oil prices edged up on Wednesday after U.S. government data showed a draw in fuel inventories, while investors kept...

Updated 19 Mar, 2025 09:56pm

Stocks

Asian stocks muted, yen softer ahead of BOJ decision

SINGAPORE: Asian stocks were subdued on Wednesday and gold hovered near record highs as economic worries and a...

Published 19 Mar, 2025 07:49am

Business & Finance

Ferro Manganese, Ferro Silicon, Silico Manganese: Customs values on import revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has issued new Customs values on the import of Ferro...

Published 19 Mar, 2025 07:31am

Industry

Gwadar port: Chinese firm hopes to export potassium sulphate fertiliser soon

ISLAMABAD: A Chinese fertiliser company, AGVEN, is gearing up to make significant strides in the international ...

Published 19 Mar, 2025 07:15am

Business & Finance

Food grade, cosmetics: Customs values on import of empty plastic bottles from China revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised Customs values on the import of empty ...

Published 19 Mar, 2025 07:13am

Industry

‘Govt should promote green energy’

KARACHI: The Chairman of National Business Group Pakistan, President of the Pakistan Businessmen and Intellectuals...

Published 19 Mar, 2025 07:10am

Money & Banking

SBP has issued Rs27bn fresh banknotes so far

KARACHI: The State Bank of Pakistan (SBP) has so far issued Rs 27 billion fresh banknotes of all denominations to...

Published 19 Mar, 2025 06:59am

Industry

LCCI for urgent steps to prevent worsening water shortages

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has expressed grave concerns over Pakistan’s ...

Published 19 Mar, 2025 06:56am

Industry

FMOA expresses reservations over Mineral Harmonization Act 2025

PESHAWAR: The Frontier Mine Owners Association (FMOA) Khyber Pakhtunkhwa has expressed serious reservations over the...

Published 19 Mar, 2025 06:55am

Business & Finance

Minister, Pak Suzuki CEO discuss expanding industrial, trade ties

ISLAMABAD: Minister (SAPM) for Industries and Production Haroon Akhtar Khan, called on a meeting with Hiroshi...

Published 19 Mar, 2025 06:49am

Companies

EVs adoption: inDrive and YDC join hands

KARACHI: inDrive and Yousuf Dewan Companies (YDC) have joined hands to accelerate electric vehicle adoption in...

Published 19 Mar, 2025 06:43am

Companies

AI-powered energy solutions: Thunder Energy partners with TalkPool

KARACHI: Thunder Energy Ltd, a Brillanz Group company and a leading provider of AI-native energy intelligence...

Published 19 Mar, 2025 06:37am

Money & Banking

Asian currencies trade mixed

BENGALURU: Indonesian shares plunged about 7% to a 3-1/2-year low on Tuesday as worries over tit-for-tat tariffs, ...