News Archives for Business & Finance - 2025-03-28

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Business & Finance - 2025-03-28

Pakistan

Govt reduces petrol price by Re1, keeps diesel price unchanged

The new prices come into effect from March 29

Published 28 Mar, 2025 11:44pm

Commodities

Wheat down 8-9 cents, corn down 3-4, soy down 2-3

CHICAGO: Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of...

Published 28 Mar, 2025 07:59pm

Technology

Google to pay $100 million to settle advertisers’ class action

Google has agreed to pay $100 million in cash to settle a long-running lawsuit claiming it overcharged advertisers...

Published 28 Mar, 2025 07:54pm

Commodities

Global LNG: Asian spot LNG prices at nearly 6-month low on muted Chinese demand

LONDON: Asian spot liquefied natural gas (LNG) prices were at their lowest level in nearly six months amid muted...

Published 28 Mar, 2025 07:49pm

Stocks

Ex-dividend stocks weigh on UAE markets

Stock markets in Dubai and Abu Dhabi retreated on Friday, primarily weighed down by firms trading ex-dividend. Oil...

Published 28 Mar, 2025 07:40pm

Forex

India’s foreign exchange reserves rise to over four-month high

MUMBAI: India’s foreign exchange reserves rose for a third consecutive week and stood at a more-than-four-month high...

Published 28 Mar, 2025 06:07pm

Commodities

Corn and wheat slip to new lows with planting and exports in focus

PARIS/SINGAPORE: Chicago corn futures slipped to a new three-week low on Friday on expectations of increased U.S....

Published 28 Mar, 2025 05:52pm

Commodities

Arabica coffee futures edge up, sugar prices flat

LONDON: Arabica coffee futures edged higher on Friday while raw sugar prices were flat with both markets on track...

Published 28 Mar, 2025 05:47pm

Forex

Sterling draws strength from UK retail sales

GDANSK: The pound briefly rose on Friday after data showed UK retail sales were surprisingly strong in February,...

Published 28 Mar, 2025 05:34pm

Currency

Russian rouble strengthens less-than-expected on corporate tax payments day

MOSCOW: The Russian rouble strengthened against the U.S. dollar on Friday, receiving limited support from foreign...

Published 28 Mar, 2025 05:32pm

Europe

EU to invest $1.4 billion in artificial intelligence, cybersecurity and digital skills

BRUSSELS: The European Commission will invest 1.3 billion euros ($1.4 billion) in artificial intelligence,...

Published 28 Mar, 2025 05:09pm

Stocks

Indian stocks fall in last session of fiscal year, with US tariffs in focus

India’s benchmark indexes fell on the last trading session of the financial year as investors were cautious ahead of...

Published 28 Mar, 2025 04:51pm

Stocks

IT and financials drag Sri Lankan shares lower

CSE All-Share index settled 0.42% lower at 15,814.82 points

Published 28 Mar, 2025 04:49pm

Commodities

LME copper falls with muted risk appetite ahead of bumpy next week

LONDON: Copper prices fell in London on Friday on muted risk appetite ahead of next week’s deadline for broad U.S....

Published 28 Mar, 2025 04:46pm

Commodities

Record run continues, gold price per tola gains Rs2,380 in Pakistan

Gold continued its record run in both the local and international markets on Friday. In Pakistan, gold price per...

Updated 28 Mar, 2025 10:53pm

Commodities

Malaysian palm gains for the week on strong physical demand, Dalian oils

JAKARTA: Malaysian palm oil futures rose for a third straight session on Friday, supported by strong demand ahead...

Published 28 Mar, 2025 04:37pm

Technology

China’s BYD signs car parts distribution agreement in Italy

Chinese electric automaker BYD said on Friday it signed a car parts distribution deal with Italian company Intergea,...

Published 28 Mar, 2025 03:38pm

Markets

Pakistan set to unlock $2.3bn under EFF & RSF, says IMF spokesperson

Pakistan will gain access to a total of $2.3 billion under the Extended Fund Facility (EFF) and the Resilience and...

Updated 28 Mar, 2025 10:54pm

Energy

Govt requests Nepra to reduce power tariffs by Rs1.71/unit

Regulator to hold hearing on matter on April 4, 2025

Updated 28 Mar, 2025 10:51pm

Stocks

European shares fall at the end of week, dominated by tariff woes

European shares dropped on Friday, at the end of a week marred by concerns over the global economic fallout of an...

Published 28 Mar, 2025 01:31pm

Forex

South African rand strengthens, Trump tariff worries linger

JOHANNESBURG: South Africa’s rand traded stronger early on Friday, capitalising on recent dollar weakness as...

Published 28 Mar, 2025 01:29pm

Stocks

Thailand’s stock exchange suspends trading after Myanmar earthquake

The Stock Exchange of Thailand suspended all trading activities for the afternoon session on Friday after a strong...

Published 28 Mar, 2025 01:26pm

Business & Finance

Trump’s erratic tariff policy shakes confidence in Europe’s market bull run

LONDON: Investors are calling time on a rally in European stocks and the euro after a blistering first quarter that...

Published 28 Mar, 2025 10:59am

Asia

China, France to hold high-level strategic and economic dialogues this year

BEIJING: China and France will hold three high-level dialogues on strategic, economic, financial and cultural issues...

Published 28 Mar, 2025 10:48am

Energy

China issues 12.8 million tons refined fuel export quotas in 2nd batch of 2025, JLC and traders say

SINGAPORE: China has issued 12.8 million metric tons of refined fuel export quotas in its second batch of allowances...

Published 28 Mar, 2025 10:17am

Stocks

Australian shares slip on global worries of trade wars; RBA meeting in focus

Australian shares slipped on Friday, tracking global losses as investors digested US President Donald Trump’s...

Published 28 Mar, 2025 10:16am

Forex

Dollar hovers ahead of PCE and tariff onslaught By Tom Westbrook

SINGAPORE: The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs...

Published 28 Mar, 2025 10:05am

Currency

Rupee sees marginal improvement against US dollar

Currency settles at 280.16 against greenback

Updated 28 Mar, 2025 08:06pm

Technology

After years of survival, China’s Huawei returns to revenue peak

SHENZHEN: China’s Huawei is expected to claim triumph over US sanctions at its upcoming annual results, bolstered by...

Published 28 Mar, 2025 10:02am

Stocks

South Korean shares set to snap three-week rally on US tariffs

The benchmark KOSPI was down 42.77 points, or 1.64%, at 2,564.38

Published 28 Mar, 2025 10:00am

Business & Finance

Thai factory output falls 3.9% y/y in February, weaker than forecast

BANGKOK: Thailand’s manufacturing production index dropped 3.91% in February from a year earlier, the industry...

Published 28 Mar, 2025 09:56am

Forex

Australia, New Zealand dollars slip ahead of US inflation test

SYDNEY: The Australian and New Zealand dollars slipped on Friday, with their near-term fortunes depending on a US...

Published 28 Mar, 2025 09:53am

Stocks

Japan’s Nikkei falls to 2-week low as automakers track US peers lower

Japan’s Nikkei average fell to a two-week low on Friday in a broad sell-off, with automakers tracking losses of...

Published 28 Mar, 2025 09:49am

Commodities

London copper hits nearly two-week low as US tariff unease weighs

NEW DELHI: Copper prices in London hit a nearly two-week low on Friday, as unease over looming US tariffs weighed on...

Published 28 Mar, 2025 09:47am

Commodities

Malaysian palm rises for third session, underpinned by overnight Chicago soyoil

JAKARTA: Malaysian palm oil futures increased for a third session on Friday, supported by strength in overnight...

Published 28 Mar, 2025 09:45am

Commodities

Iron ore dips, but set for weekly gain on resilient Chinese demand

SINGAPORE: Iron ore futures prices dipped on Friday amid rising trade war concerns, though were set for weekly gains...

Published 28 Mar, 2025 09:43am

Commodities

Corn set for weekly losses ahead of US planting report

SINGAPORE: Chicago corn futures lost more ground on Friday, with the market set for its biggest weekly drop in...

Published 28 Mar, 2025 09:41am

Stocks

Asia stocks slide, gold hits record high on US tariffs

SINGAPORE: Asian stocks fell on Friday with heavy selling in South Korea and Japan while safe-haven gold hit a...

Published 28 Mar, 2025 09:40am

Mutual Funds

India bond yields seen lower on smaller-than-expected borrowing plan

MUMBAI: Indian government bond yields are expected to dip on the last trading day of the financial year after the...

Published 28 Mar, 2025 09:35am

Stocks

Indian shares likely to open higher, US tariff threat may cap gains

India’s Nifty 50 may open higher on Friday and likely snap its historic five-month losing streak as foreign buying...

Published 28 Mar, 2025 09:34am

Bullion Rate

Gold climbs record high as Trump’s tariff plans spark safe-haven demand

Gold prices scaled a record peak on Friday as concerns over US President Donald Trump’s fresh tariff plans ignited...

Published 28 Mar, 2025 09:30am

Energy

Oil set to rise for third week on Venezuela, Iran pressure

LONDON: Oil prices were set for a third weekly gain on Friday as the U.S. ramped up pressure on Venezuela and Iran,...

Updated 28 Mar, 2025 06:11pm

Business & Finance

IMF says no talks on new Senegal programme until misreporting addressed

DAKAR: The International Monetary Fund said on Monday that talks on a new programme for Senegal could not go ahead...

Published 28 Mar, 2025 08:09am

Business & Finance

Kuwait issues new law for return to int’l debt market

DUBAI/CAIRO: Kuwait issued a long-awaited law on Wednesday to regulate public borrowing as the country prepares for ...

Published 28 Mar, 2025 07:55am

Business & Finance

Italian wine exports to US ‘at standstill’ due to tariff fears

MILAN: Italian wine and spirits exports to the United States are stalling due to the uncertainty over possible...

Published 28 Mar, 2025 07:49am

USA

Hyundai to invest $5.8bn in Louisiana steel plant: White House

WASHINGTON: South Korean auto giant Hyundai will on Monday unveil a multi-billion-dollar investment in the United...

Published 28 Mar, 2025 07:47am

Business & Finance

India to scrap digital ad tax, easing US concerns

NEW DELHI: India will scrap a tax of 6% on digital advertisements online, the finance minister said on Tuesday,...

Published 28 Mar, 2025 07:43am

Business & Finance

NYSE-parent ICE plans to launch battery metals derivatives this year

LAUSANNE: Intercontinental Exchange plans to launch derivatives in battery metals nickel, cobalt and lithium...

Published 28 Mar, 2025 07:29am

Business & Finance

Trump’s World Liberty Financial crypto venture to launch stablecoin

LONDON: Donald Trump’s World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a...

Published 28 Mar, 2025 07:04am

Companies

PQAMC announces dividend of Re 0.4141 per unit

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) has announced dividend of PKR 0.4141 per unit for its...

Published 28 Mar, 2025 06:59am

Business & Finance

US suspends financial contributions to WTO, trade

GENEVA: The United States has paused contributions to the World Trade Organization, three trade sources told ...

Published 28 Mar, 2025 06:47am

Industry

FPCCI sounds the alarm: Major decline in workers’ remittances expected

KARACHI: Federation of Pakistan Chamber of Commerce and Industries (FPCCI) sounded the alarm, saying there is a fear...

Published 28 Mar, 2025 06:36am

Agriculture and Allied

No regulatory standards: NSDRA board orders closure of 392 seed cos

ISLAMABAD: The National Seed Development and Regulatory Authority (NSDRA) board of governors has ordered the closure...