News Archives for Business & Finance - 2025-04-21

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Business & Finance - 2025-04-21

Business & Finance

US collected $611mn in tariffs on goods exported by Pakistan: report

The United States collected approximately $611 million in annual tariffs on goods exported by Pakistan, while...

Published 21 Apr, 2025 10:53pm

Business & Finance

Good Bricks factory officially opens in Pakistan

INNOCSR, a Korean company leading the way in sustainable construction technology, has officially inaugurated a Good...

Published 21 Apr, 2025 10:16pm

Markets

Clover Pakistan mulls entry into oil marketing sector

Clover Pakistan Limited on Monday said it was mulling to explore investment opportunities in the oil marketing...

Published 21 Apr, 2025 08:47pm

Stocks

Wall St slumps as Trump renews tirade against Fed’s Powell

Dow Jones Industrial Average falls 1,057.26 points or 2.70%

Updated 21 Apr, 2025 10:03pm

Companies

Chevron announces first oil at Ballymore project in US Gulf

HOUSTON: Chevron has started oil and gas production from a project in the U.S. Gulf of Mexico, the oil major said on...

Published 21 Apr, 2025 06:14pm

Financial

Gulf issuers plan more debt sales, undeterred by recent market turmoil

DUBAI: Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond...

Published 21 Apr, 2025 05:35pm

Stocks

Sri Lankan shares end lower as IT, consumer discretionary weigh

CSE All-Share index settled 0.11% lower at 15,599.61

Published 21 Apr, 2025 05:22pm

Business & Economy

Pakistan inflation expected to drop further to below 0.5% in April 2025, says brokerage house

Consumer Price Index in country stood at 59-year low of 0.7% in March

Updated 21 Apr, 2025 08:49pm

Commodities

India to put 12% temporary tariff on steel to curb cheap China imports

NEW DELHI: India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said...

Published 21 Apr, 2025 04:50pm

Technology

Motorola Solutions launches AI tool, new device to cut emergency response time

Motorola Solutions on Monday launched the SVX, a device that combines a remote speaker microphone, body camera and...

Published 21 Apr, 2025 04:35pm

Companies

South Korea’s LG Energy Solution pulls out of Indonesia EV battery investment

JAKARTA: South Korea’s LG Energy Solution has formally withdrawn from a 142 trillion rupiah ($8.45 billion) project...

Published 21 Apr, 2025 04:31pm

Money & Banking

BOJ likely to keep rate-hike signal intact despite Trump tariff risks, sources say

TOKYO: The Bank of Japan is expected to signal next week that risks from higher U.S. tariffs won’t derail a cycle of...

Published 21 Apr, 2025 04:27pm

Stocks

Indian benchmarks log biggest five-day gains in four years as financials rally

India’s benchmark indexes logged their biggest five-day gains since February 2021, boosted by heavyweight financials...

Published 21 Apr, 2025 04:20pm

Commodities

Palm slumps on firmer ringgit, weak soyoil, crude oil

KUALA LUMPUR: Malaysian palm oil futures extended losses on Monday for the sixth straight session, as weakness in...

Published 21 Apr, 2025 04:15pm

Money & Banking

Meezan Bank profit down 12% to Rs22.42bn in 1QCY25

Meezan Bank (MEBL), the country’s largest Islamic bank, posted consolidated profit after tax (PAT) of Rs22.42...

Published 21 Apr, 2025 04:07pm

Commodities

Gold price per tola jumps Rs8,100 to hit another record high in Pakistan

Gold prices continued their record run in both the local and international markets. In Pakistan, gold price per tola...

Updated 21 Apr, 2025 08:50pm

Business & Finance

Thai first-quarter rice exports fall 30% annually

BANGKOK: Thailand’s rice exports fell 30% annually in the first quarter of this year to 2.1 million metric tons, an...

Published 21 Apr, 2025 01:33pm

Business & Finance

Tariff deal talks to dominate IMF-World Bank meetings this week

WASHINGTON: Hundreds of global finance leaders will descend on Washington this week, each with a singular mission:...

Published 21 Apr, 2025 01:31pm

Companies

New Energy Vehicles: Sazgar delays launch till March 2026; expansion scaled up

Sazgar Engineering Works Limited (SAZEW), a Pakistani auto manufacturer, has revised its expansion plan for the four...

Published 21 Apr, 2025 12:53pm

Markets

Rupee posts marginal decline against US dollar

Local currency settles at 280.87 against greenback

Updated 21 Apr, 2025 06:21pm

Forex

Thai baht/US dollar stronger on Monday

The baht was 0.73% higher at 33.16 versus the dollar

Published 21 Apr, 2025 11:42am

Business & Finance

South Korea’s Hyundai, Posco agree to cooperate on US steel plant

SEOUL: South Korea’s Hyundai Motor Group said on Monday that it has signed a memorandum of understanding with Posco...

Published 21 Apr, 2025 11:40am

Stocks

South Korean shares little changed with focus on tariff talks

SEOUL: Round-up of South Korean financial markets: South Korean shares set to snap 3-week decline on tariff...

Published 21 Apr, 2025 11:22am

Commodities

Palm opens lower on weaker rivals, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures opened lower on Monday for the sixth consecutive session, weighed down by...

Published 21 Apr, 2025 11:13am

Business & Finance

Indonesia books larger-than-expected $4.3 billion trade surplus in March

JAKARTA: Indonesia reported on Monday a $4.33 billion trade surplus in March, more than expected and the widest in...

Published 21 Apr, 2025 11:12am

Markets

Sazgar Engineering profit jumps 105% to Rs6.23bn in 3QFY25

Pakistani auto manufacturer Sazgar Engineering Works Limited (SAZEW) posted a net profit of Rs6.23 billion in the...

Updated 21 Apr, 2025 12:57pm

Commodities

Iron ore edges higher on resilient China demand, dollar weakness

SINGAPORE: Iron ore futures prices pared losses on Monday, with prices supported by near-term ore demand and a...

Published 21 Apr, 2025 11:11am

Mutual Funds

India’s 10-year bond yield stays near over 3-year low ahead of RBI note purchase

MUMBAI: Indian government bond yields slipped in early deals on Monday, with the 10-year yield hovering near a more...

Published 21 Apr, 2025 11:09am

Mutual Funds

JGB yields with super-long maturities jump ahead of auction

TOKYO: Yields on Japanese government bonds (JGBs) with super-long maturities jumped on Monday as investors turned...

Published 21 Apr, 2025 11:08am

Bullion Rate

Gold hits record high on trade war woes, weak dollar

Gold scaled a record peak on Monday, spurred by concerns over global economic growth amid the US-Sino trade war,...

Published 21 Apr, 2025 11:06am

Forex

Currencies firm as Fed uncertainty weighs on dollar

Emerging Asian currencies firmed against the dollar on Monday, as investor confidence in the world’s reserve...

Published 21 Apr, 2025 11:05am

Commodities

Shanghai copper firms as dollar tumbles

NEW DELHI: Shanghai copper prices were trading higher on Monday as the dollar weakened to a three-year low, though...

Published 21 Apr, 2025 11:04am

Forex

China’s yuan hovers near 2-week high, tariffs in focus

SHANGHAI: China’s yuan hovered near a more than two-week high against the dollar on Monday, although uncertainty...

Published 21 Apr, 2025 11:02am

Mutual Funds

Philippines awards $442 million T-bills at auction

Tenders total 73.91 billion pesos

Published 21 Apr, 2025 11:00am

Business & Finance

Malaysia Airlines eyes new Boeing jets should China reject them

SEOUL: Malaysia Airlines’ parent company, Malaysia Aviation Group, is talking to Boeing about acquiring new jets...

Published 21 Apr, 2025 10:58am

Stocks

China stocks edge up as key lending rates remain steady

SHANGHAI: China stocks edged up on Monday as the key lending rates were left unchanged and investors awaited new...

Published 21 Apr, 2025 10:58am

Commodities

Soybeans climb to two-month high; US-China trade war in focus

SINGAPORE: Soybeans climbed to a two-month high on Monday and corn inched higher, supported by expectations of trade...

Published 21 Apr, 2025 10:56am

Stocks

Japan’s Nikkei drops as stronger yen pressures exporters

TOKYO: Japan’s Nikkei share average fell on Monday as a stronger yen pressured exporters, while investors awaited...

Published 21 Apr, 2025 10:55am

Commodities

Indonesia ships 2.02 million tons of crude, refined palm oil in March

JAKARTA: Indonesia exported 2.02 million metric tons of crude and refined palm oil in March, down slightly from the...

Published 21 Apr, 2025 10:35am

Stocks

KSE-100 Index closes over 1,000 points higher as buying persists

The Pakistan Stock Exchange (PSX) closed the first trading session of the week positive, with its benchmark KSE-100...

Updated 21 Apr, 2025 05:56pm

Business & Finance

China warns countries against striking trade deals with US at its expense

China respects all parties resolving economic, trade differences with US through consultation on equal footing, but it will firmly oppose any party striking deal at China’s expense, its Commerce Ministry says

Updated 21 Apr, 2025 08:50pm

Stocks

Indian benchmarks likely to open flat on weak global sentiments

India’s benchmark indexes are set to open little changed on Monday as muted earnings from Infosys and weak global...

Published 21 Apr, 2025 07:57am

Energy

Russia’s economy ministry cuts 2025 Brent price forecast by nearly 17%, Interfax reports

Russia’s economy ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% from what...

Published 21 Apr, 2025 07:34am

Forex

Indian rupee may nudge higher, bond yields eye central bank policy minutes

MUMBAI: The Indian rupee is likely to trade with a positive bias this week, bolstered by a pickup in portfolio...

Published 21 Apr, 2025 07:31am

Stocks

Stocks and dollar slide as Trump’s Fed attacks jangle nerves

SINGAPORE: Asian equities and U.S. stock futures slid on Monday while the dollar slumped, as anxiety over tariffs...

Published 21 Apr, 2025 07:26am

Forex

Dollar weakens on concerns about Fed’s independence under Trump

SINGAPORE: The dollar tumbled on Monday as investor confidence in the U.S. economy took another hit over President...

Published 21 Apr, 2025 07:22am

Energy

Oil falls nearly 3% on signs of progress in U.S.-Iran talks, demand fears

NEW YORK: Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while...

Updated 21 Apr, 2025 08:50pm

Pakistan

Pakistani American Chicagoland Chamber of Commerce launched in Chicago

CHICAGO: The Pakistani American Chicagoland Chamber of Commerce (PACC) was launched in Chicago, with Consul General...

Published 21 Apr, 2025 06:34am

Business & Finance

Taxes on super rich and tech giants stall under Trump

PARIS: Global tax plans targeting billionaires and multinational companies are running aground, with the United...