News Archives for Business & Finance - 2025-03-27

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Business & Finance - 2025-03-27

Markets

‘Winter Incentive Package’: KE consumers use over 100mn incremental units

K-Electric (KE) consumers utilised over 100 million incremental units of power during three months of the winter...

Updated 27 Mar, 2025 11:57pm

Business & Finance

Govt decides to shut down 392 seed companies for ‘failing NSDRA compliance’

Strict actions decided to improve seed quality, according to Ministry of Food Security

Updated 27 Mar, 2025 11:21pm

Stocks

TSX subdued as investors evaluate Trump’s auto tariffs

Canada’s main stock index struggled for direction on Thursday, a day after U.S. President Donald Trump’s...

Published 27 Mar, 2025 09:26pm

Companies

Ferrari raises some prices in response to U.S auto tariffs

ROME: Ferrari plans to increase the prices of some of its cars sold in the United States in response to new tariffs,...

Published 27 Mar, 2025 09:22pm

Commodities

Arabica coffee futures hit lowest in nearly a month

LONDON: Arabica coffee futures traded on the ICE exchange hit their lowest in nearly a month on Thursday, as...

Published 27 Mar, 2025 08:06pm

Stocks

Wall St declines as Trump’s auto tariffs sap sentiment

Wall Street’s main indexes slipped on Thursday, as President Donald Trump’s latest tariff gambit sent auto stocks...

Published 27 Mar, 2025 08:02pm

Companies

Walmart Mexico to invest $6bn in 2025

MEXICO CITY: Walmart’s Mexico unit said on Thursday it would invest more than $6 billion in the country this year,...

Published 27 Mar, 2025 07:52pm

Stocks

Most Gulf markets rebound amid US tariff news

Most stock markets in the Gulf ended higher on Thursday, reversing early losses, as investors assess the impact of...

Published 27 Mar, 2025 07:44pm

USA

US weekly jobless claims edge lower

WASHINGTON: The number of Americans filing new applications for unemployment benefits slipped last week, while the...

Published 27 Mar, 2025 06:19pm

Markets

FPCCI urges govt to reverse cut in solar net-metering buyback rate

The country’s apex trade body has voiced strong opposition to the government’s recent decision to reduce the buyback...

Updated 27 Mar, 2025 10:23pm

Markets

Gold hits record high in Pakistan, reaches Rs321,000 per tola

Gold prices in Pakistan registered a massive increase on Thursday in line with their rise in international rates. In...

Updated 27 Mar, 2025 10:02pm

Forex

Sterling gains as traders eye US tariffs

The British pound strengthened against the dollar and the euro on Thursday, as traders turned their attention to...

Published 27 Mar, 2025 05:41pm

Money & Banking

Brazil central bank raises long-term inflation forecasts, sees challenging path to target

BRASILIA: Brazil’s central bank raised its inflation projections on Thursday for the long-term despite anticipating...

Published 27 Mar, 2025 05:34pm

Companies

British Steel warns of 2,700 job losses from blast furnace closures

LONDON: China-owned British Steel said it could close its two blast furnaces as soon as June with the potential loss...

Published 27 Mar, 2025 05:32pm

Forex

SBP-held foreign exchange reserves hit 6-month low on debt repayments

Total liquid foreign reserves held by country stand at $15.55 billion

Updated 27 Mar, 2025 10:12pm

Commodities

Asia rice: Weak demand, high supplies push Indian prices to lowest since June 2023

Indian rice prices fell this week to their lowest level since June 2023 on sluggish demand and ample supplies, while...

Published 27 Mar, 2025 05:09pm

Forex

Russian rouble gets little support from corporate tax payments

MOSCOW: The Russian rouble strengthened less than expected against the U.S. dollar on Thursday despite support from...

Published 27 Mar, 2025 04:59pm

Stocks

Indian shares rise as financials gain; US tariff threat drags auto, pharma stocks

Indian equity benchmarks advanced on Thursday, driven by gains in heavyweight financials, although a decline in Tata...

Published 27 Mar, 2025 04:55pm

Stocks

IT and energy stocks lift Sri Lankan shares higher

CSE All-Share index settled 0.22% higher at 15,882.06

Published 27 Mar, 2025 04:53pm

Commodities

Copper slips on Trump auto tariffs, uncertainty

LONDON: Copper prices eased on Thursday after U.S. President Donald Trump announced 25% tariffs on auto imports,...

Published 27 Mar, 2025 04:51pm

Commodities

Malaysian palm rises for second session on strong Dalian oils

JAKARTA: Malaysian palm oil futures rose for the second straight session on Thursday, tracking strength in the...

Published 27 Mar, 2025 04:49pm

Business & Finance

The Dubai 100: Emaar executive, Emirates CEO lead city’s growth

Arabian Business publishes 2025 list of those shaping the emirate's future

Published 27 Mar, 2025 04:31pm

Business & Finance

Emaar Properties approves dividend payout of $2.4 billion

Developer marks a 72% increase in sales to 2023

Updated 27 Mar, 2025 04:08pm

Markets

Aurangzeb says govt plans power rate cut to boost exports: report

Finance Minister Muhammad Aurangzeb has said that the government plans to lower electricity costs as part of a...

Updated 27 Mar, 2025 11:27pm

Stocks

Pakistan, Sri Lanka and Bangladesh bourses ink MoU for market development

In a move to strengthen regional capital market cooperation, the Pakistan Stock Exchange (PSX) entered into a...

Published 27 Mar, 2025 02:50pm

Stocks

European shares hit two-week low as automakers decline on Trump’s tariff plans

Declines in auto stocks pushed European shares to a two-week low on Thursday after US President Donald Trump...

Published 27 Mar, 2025 02:02pm

Forex

South African rand edges up, central bank bulletin and PPI due

JOHANNESBURG: South Africa’s rand opened stronger on Thursday, ahead of the release of a quarterly bulletin by the...

Published 27 Mar, 2025 01:20pm

Mutual Funds

Japan’s 10-year bond yield hits fresh multi-year high amid rate hike bets

TOKYO: The yield on Japan’s 10-year government bond hit a more than 15-year high on Thursday amid expectations of an...

Published 27 Mar, 2025 01:05pm

Business & Finance

US auto tariffs are very bad news for EU, says French Finance Minister

PARIS: US President Donald Trump’s plan to impose a 25% tariff on imported cars and light trucks starting next week...

Published 27 Mar, 2025 01:01pm

Markets

PM urges end to Pakistan’s reliance on IMF loans

Prime minister says country has achieved economic stability

Updated 27 Mar, 2025 10:13pm

Stocks

Australian shares on track to snap 5-day rally as financials weigh

Australian shares declined on Thursday, on track to snap a five-day rally dragged by heavyweight financials, while...

Published 27 Mar, 2025 11:56am

Business & Finance

China’s industrial profits fall in January-February as economic risks mount

BEIJING: China’s industrial profits slipped in the first two months of 2025, signalling a challenging period ahead...

Published 27 Mar, 2025 11:13am

Forex

Indian rupee to decline on risk aversion spurred by US tariffs, spot date shift

MUMBAI: The Indian rupee is set to fall at open on Thursday, pegged back by risk aversion fuelled by the US auto...

Published 27 Mar, 2025 11:11am

Commodities

Dalian iron ore hits 1-1/2 week high on seasonal steel demand

SINGAPORE: Iron ore futures prices strengthened on Thursday, buoyed by seasonal steel demand in top consumer China,...

Published 27 Mar, 2025 11:10am

Technology

Foxconn plans EV event in Japan to woo manufacturers, sources say

TAIPEI/TOKYO: Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two...

Published 27 Mar, 2025 11:09am

Business & Finance

Indian automaker Tata Motors falls 5% as US tariffs to hit luxury unit JLR

Shares of Indian automaker Tata Motors slid 5% on Thursday after US President Donald Trump pressed ahead with a 25%...

Published 27 Mar, 2025 11:07am

Forex

Australia, NZ dollars regain composure after wobble on US tariffs

SYDNEY: The Australian and New Zealand dollars regained their composure on Thursday after briefly wobbling over the...

Published 27 Mar, 2025 11:06am

Stocks

Japanese stocks face major foreign fund outflow ahead of US tariffs

Japanese stocks saw a significant outflow of foreign funds in the week through March 22 as investors became more...

Published 27 Mar, 2025 11:02am

Mutual Funds

India bonds extend rally on anticipation of dovish central bank

MUMBAI: Indian government bond prices extended their upward trend on Thursday, with the benchmark bond yields...

Published 27 Mar, 2025 10:52am

Forex

China’s yuan firms as PBOC tightens grip on currency fix

SHANGHAI: The yuan firmed against the dollar on Thursday, as the People’s Bank of China tightened its grip on the...

Published 27 Mar, 2025 10:49am

Commodities

London copper edges up, stronger dollar caps rise

NEW DELHI: Copper prices in London edged up on Thursday, with markets tracking inflows of the industrial metal to...

Published 27 Mar, 2025 10:48am

Commodities

Corn prices struggle on US planting outlook, soybeans firm

SINGAPORE: Chicago corn ticked higher on Thursday, rising for the first time in three sessions, although the market...

Published 27 Mar, 2025 10:46am

Stocks

South Korean shares fall as concerns around Trump auto tariffs deepen

The benchmark KOSPI was down 25.49 points, or 0.96%

Published 27 Mar, 2025 10:43am

Bullion Rate

Gold rises as fears mount over Trump’s reciprocal tariff plans

Gold prices rose on Thursday as US auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for...

Published 27 Mar, 2025 10:41am

Commodities

Malaysian palm rises for second session, supported by rival oil

JAKARTA: Malaysian palm oil futures rose for a second session on Thursday, tracking strength in the Dalian market,...

Published 27 Mar, 2025 10:40am

Forex

Thai baht/US dollar almost flat on Thursday

The baht was 0.06% lower at 33.96 per dollar

Published 27 Mar, 2025 10:38am

Stocks

Rupee registers marginal improvement against US dollar

Currency settles at 280.22 against greenback

Updated 27 Mar, 2025 07:56pm

Stocks

After positive start, KSE-100 ends session on flat note

After securing significant gains in the previous session, the Pakistan Stock Exchange (PSX) saw subdued activity as...

Updated 27 Mar, 2025 07:33pm

Stocks

China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains

HONG KONG: China and Hong Kong stocks rose on Thursday with tech and auto shares leading gains, shrugging off...

Published 27 Mar, 2025 10:11am

Stocks

Indian shares set for muted start as Trump’s auto tariffs hit markets

Indian equity benchmarks may open little changed on Thursday as US President Donald Trump’s new taxes on auto...

Published 27 Mar, 2025 08:01am

USA

Trump auto tariffs: President slaps 25% duties on car imports to US

WASHINGTON: US President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting...

Updated 27 Mar, 2025 04:08pm

Companies

TSMC announces $100bn investment in new US chip plants

WASHINGTON: Taiwanese chip-making giant TSMC will invest at least $100 billion in the United States to build...

Published 27 Mar, 2025 07:40am

Stocks

Stocks skid, dollar nears 3-week top as Trump announces auto tariffs

SYDNEY: Asian shares skidded with Wall Street on Thursday while the dollar hovered near a three-week high after U.S....

Updated 27 Mar, 2025 10:12am

Forex

Euro at three-week low as Trump imposes auto tariffs

SINGAPORE: The euro weakened to a three-week low on Thursday and the yen was steady against the dollar after US...

Updated 27 Mar, 2025 12:38pm

Energy

Oil steadies near one-month high as investors assess renewed trade war risks

LONDON: Oil prices were steady on Thursday as markets assessed new U.S. tariffs, while concerns about global supply...

Updated 27 Mar, 2025 05:36pm

Cotton & Textile

Trading activity improves on cotton market

LAHORE: The local cotton market on Tuesday remained steady and trading volume improved a little bit. Cotton Analyst...

Published 27 Mar, 2025 07:08am

Business & Finance

UK slashes growth forecast, cuts public spending

LONDON: The UK government halved its 2025 growth forecast on Wednesday as it made billions of pounds of spendings...

Published 27 Mar, 2025 07:01am

Money & Banking

Asian currencies: Rupiah lingers near three-decade lows

BENGALURU: Indonesian equities rallied 4% on Wednesday after a period of relentless selling on worries over the...