News Archives for Business & Finance - 2025-04-24

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Business & Finance - 2025-04-24

Companies

Pakistan loses $2 billion annually to climate-induced disasters: ADB

Pakistan suffers average annual losses of over $2 billion due to disaster events, according to the Asian Development...

Published 24 Apr, 2025 10:46pm

Companies

Etihad Town unveils latest project in Sialkot

Etihad Town has unveiled a new project - Etihad Town Sialkot - an initiative set to “redefine the city’s real estate...

Published 24 Apr, 2025 09:28pm

Industry

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

The National Electric Power Regulatory Authority (NEPRA) has decided to discontinue the dollar-based indexations for...

Published 24 Apr, 2025 08:53pm

Money & Banking

Morgan Stanley to sell remaining $1.23 billion of X debt, source says

Morgan Stanley is selling the last $1.23 billion of debt related to Elon Musk’s $44 billion buyout of social media...

Published 24 Apr, 2025 08:18pm

Stocks

TSX extends rally as yields decline and commodity prices rise

Canadian stocks climbed on Thursday as falling bond yields and rising commodity prices boosted investor sentiment,...

Published 24 Apr, 2025 08:14pm

Markets

SBP-held foreign exchange reserves drop $367mn to 7-month low

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $367 million on a weekly basis,...

Published 24 Apr, 2025 07:55pm

Stocks

S&P 500, Nasdaq inch higher on tech boost, earnings weigh on Dow

Wall Street’s main indexes were mixed on Thursday, with the S&P 500 and the Nasdaq rising, as investors assessed...

Published 24 Apr, 2025 07:30pm

Markets

SBP Stability Review’24: banks borrow more; deposit shrinks by over Rs1 trillion

Pakistan banks lost momentum on mobilising deposit amid shift in their focus to raise advance-to-deposit (ADR)...

Published 24 Apr, 2025 07:19pm

Financial

Abu Dhabi’s Mubadala and Fortress form $1-billion private credit partnership

DUBAI: Abu Dhabi’s Mubadala Investment Company has entered into a $1-billion strategic partnership with New...

Published 24 Apr, 2025 07:14pm

Stocks

Most Gulf markets gain on oil, earnings and US-China trade deal hopes

Most stock markets in the Gulf ended higher on Thursday, driven by higher oil prices, corporate earnings...

Published 24 Apr, 2025 06:53pm

Money & Banking

Asian central banks have space to ease rates to mitigate US tariff hit, IMF says

WASHINGTON: Many Asian central banks have room to ease monetary policy to cushion the blow to their economies from...

Published 24 Apr, 2025 06:51pm

Commodities

Wheat flat-down 2 cents, corn steady-up 2, soy up 1-5

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

Published 24 Apr, 2025 06:47pm

Money & Banking

Deutsche Bank cuts S&P 500 year-end target from Wall Street high

Deutsche Bank, which had held the highest year-end target for the S&P 500 index so far, slashed it by 12%, on...

Published 24 Apr, 2025 06:44pm

USA

Fed’s Hammack says time for Fed to be patient on policy

NEW YORK: Federal Reserve Bank of Cleveland President Beth Hammack on Thursday called for patience on monetary...

Published 24 Apr, 2025 06:41pm

Asia

China pushes for tariff cancellation to end US trade war

BEIJING: China called for all “unilateral” U.S. tariffs to be cancelled on Thursday, as signs emerged that the Trump...

Published 24 Apr, 2025 05:29pm

USA

Dow posts surprise Q1 profit on improved sales, expands European assets review

Dow Inc reported a surprise profit on Thursday as robust sales volumes helped offset the impact of lower prices and...

Published 24 Apr, 2025 05:18pm

Companies

Nissan sees record loss of up to $5.26 billion as restructuring bites

TOKYO: Nissan Motor sees a record net loss of 700 billion yen to 750 billion yen ($4.91 billion-$5.26 billion) for...

Published 24 Apr, 2025 05:10pm

Companies

Procter & Gamble lowers annual forecasts as trade war hits consumer demand

Procter & Gamble on Thursday lowered its annual sales and profit forecasts after reporting a...

Published 24 Apr, 2025 05:08pm

Mutual Funds

Nasdaq Q1 profit rises on strong demand for fintech and solutions products

Nasdaq reported a higher first-quarter profit on Thursday, as demand for the exchange operator’s financial...

Published 24 Apr, 2025 04:57pm

Companies

American Airlines pulls 2025 forecast as Trump tariffs cause demand uncertainty

American Airlines withdrew its 2025 financial forecast on Thursday, mirroring its peers, as concerns over...

Published 24 Apr, 2025 04:54pm

Stocks

Indian equity benchmarks snap winning run on risk-off after Kashmir attack

India’s equity benchmarks snapped a seven-session winning run on Thursday as investors turned risk-averse after a...

Published 24 Apr, 2025 04:51pm

Stocks

Materials and industrials lift Sri Lankan shares

CSE All-Share index settled 0.46% higher at 15,615.63

Published 24 Apr, 2025 04:49pm

Commodities

Copper gains on softer dollar capped by tariff uncertainty

LONDON: Copper prices hovered below a three-week high on Thursday, bolstered by a weaker dollar but unsettled by...

Published 24 Apr, 2025 04:47pm

Commodities

Palm futures flat as rising output, strong ringgit offsets boost from rival oils

JAKARTA: Malaysian palm oil futures ended barely changed on Thursday as market participants awaited cues amid...

Published 24 Apr, 2025 04:45pm

Commodities

Asia rice: Currency moves buoy Indian, Thai prices but demand still lags

Prices of rice shipped from India and Thailand edged higher this week, aided by currency fluctuations, although...

Published 24 Apr, 2025 04:42pm

Commodities

Gold prices remain stable in Pakistan

Gold prices remained stable in Pakistan in line with no change in the international market. In the local market,...

Published 24 Apr, 2025 03:48pm

Companies

Pakistan Tobacco Company names new chairman, CEO

Pakistan Tobacco Company Limited on Thursday named its new chairman, chief executive officer (CEO), and chief...

Published 24 Apr, 2025 03:34pm

Companies

PIA privatisation: govt restarts airline sale process with fresh EOI call

Pakistan government announced on Thursday that it was seeking fresh bids for the privatisation of the Pakistan...

Updated 24 Apr, 2025 09:04pm

Stocks

European shares dip as investors weigh mixed corporate earnings

European stocks dipped on Thursday as investors digested mixed corporate results, while the mood remained wary amid...

Published 24 Apr, 2025 12:40pm

Bullion Rate

Gold rebounds on dip buying despite US-China trade deal hopes

Gold prices jumped more than 1% on Thursday on bargain buying, a day after the bullion hit a one-week low amid...

Published 24 Apr, 2025 12:32pm

Currency

Pakistan rupee depreciates to 15-month low against US dollar

Local currency settles at 281.07 against greenback

Updated 24 Apr, 2025 05:56pm

Markets

Toyota’s March overseas sales hit record peak as US buyers rush ahead of tariffs

TOKYO: Toyota Motor said on Thursday that its overseas sales in March touched a record high for the month, fuelled...

Published 24 Apr, 2025 11:21am

Forex

China’s yuan slightly weaker as dollar climbs on trade-war deescalation signs

HONG KONG: China’s yuan dipped against the US dollar on Thursday as the Trump administration signaled willingness to...

Published 24 Apr, 2025 11:19am

Stocks

China stocks drift as investors keep guessing Trump’s tariff intention

SHANGHAI: China stocks drifted and Hong Kong shares fell on Thursday as Washington signalled a willingness to lower...

Published 24 Apr, 2025 11:11am

Commodities

Soybeans rise on hopes for de-escalation in US-China trade tensions

CANBERRA: Chicago soybean futures rose for a fourth consecutive session on Thursday amid hopes that Washington and...

Published 24 Apr, 2025 11:08am

Stocks

KSE-100 Index loses over 2,200 points amid strong selling pressure

Rise in tension between Pakistan, India takes its toll on stock market

Updated 24 Apr, 2025 08:59pm

Stocks

Miners drive Australian shares higher for second consecutive session

Australian shares extended their rally for a second successive session on Thursday, with miners leading gains, as...

Published 24 Apr, 2025 11:00am

Forex

Australia, NZ dollars manage to steady amid US policy turbulence

SYDNEY: The Australian and New Zealand dollars were holding their ground on Thursday as market hopes for some...

Published 24 Apr, 2025 10:58am

Stocks

Tech, autos boost Japan’s Nikkei on receding trade war worries

TOKYO: Japan’s Nikkei share average rose to a three-week high on Thursday, tracking a tech-led rally on Wall Street...

Published 24 Apr, 2025 10:56am

Commodities

Palm futures steady as rising output, strong ringgit offsets boost from rival oils

JAKARTA: Malaysian palm oil futures traded in tight range on Thursday as market participants await cues amid support...

Published 24 Apr, 2025 10:49am

Business & Finance

Hyundai Motor books 2% rise in Q1 operating profit

SEOUL: Hyundai Motor reported a 2% rise in first-quarter operating profit on Thursday as it benefited from a weaker...

Published 24 Apr, 2025 10:47am

Technology

Nokia posts quarterly profit miss, flags disruption from Trump’s tariffs

Nokia reported first-quarter profit well below market expectations on Thursday, and flagged a short-term disruption...

Published 24 Apr, 2025 10:45am

Business & Finance

Roche Q1 sales up 7% on drugs Phesgo, Vabysmo

FRANKFURT: Swiss drugmaker Roche said on Thursday its first-quarter sales rose a forecast-beating 7% driven by...

Published 24 Apr, 2025 10:43am

Mutual Funds

India bond yields may dip as RBI minutes hint at more rate cuts

MUMBAI: Indian government bond yields are expected to dip in early deals on Thursday as the minutes of the central...

Published 24 Apr, 2025 10:41am

Technology

VinFast plans to open India plant by end of June, CEO says

HANOI: Electric vehicle maker VinFast plans to open a car assembly plant in India by the end of June, the head of...

Published 24 Apr, 2025 08:26am

Markets

China to allow overseas investors access to more sectors

HONG KONG: China’s state regulator and planning council published a new version of its “negative list” that relaxes...

Updated 24 Apr, 2025 11:14am

Stocks

Indian shares likely to open higher on hopes of easing trade tensions, FPI flows

India’s benchmark indexes are set to open higher on Thursday as foreign inflows and hopes of a de-escalation in...

Published 24 Apr, 2025 08:15am

Forex

Indian rupee likely to weaken further with dollar’s downtrend on hold

MUMBAI: The Indian rupee is expected to remain under pressure on Thursday, pegged back by a dollar that is finding...

Published 24 Apr, 2025 08:08am

USA

Dinner with the president: Trump meme coin surges on offer to top buyers

NEW YORK: President Donald Trump’s meme coin surged more than 60% on Wednesday after a post announcing “the most...

Published 24 Apr, 2025 07:54am

Stocks

Relief rally stutters as markets take stock of Trump’s U-turns

SINGAPORE: Stocks drifted on Thursday and a rebound in the dollar lost traction as investors tried to sift through...

Published 24 Apr, 2025 07:49am

Asia

The Chinese fish town caught in the US tariff net

MAOMING: In Maoming, a southern Chinese city where a giant tilapia statue watches over traffic at an intersection,...

Published 24 Apr, 2025 07:45am

Business & Finance

Trump says 25% tariff on cars made in Canada could go up

President Donald Trump on Wednesday said a 25 percent tariff imposed on cars imported from Canada to the United...

Published 24 Apr, 2025 07:39am

Energy

Oil regains ground after 2% drop on potential OPEC+ output increase

LONDON: Oil prices recovered some losses on Thursday, with investors weighing a potential OPEC+ output increase...

Updated 24 Apr, 2025 05:03pm

Markets

Dollar rebound loses steam with trade in focus

SINGAPORE: The dollar took a breather on Thursday, following a sharp bounce after President Donald Trump backed away...

Published 24 Apr, 2025 07:33am

Industry

KTBA concerned over practices adopted by FBR field offices

KARACHI: Karachi Tax Bar Association (KTBA) has expressed grave concerns over practices adopted by FBR field offices...