News Archives for Business & Finance - 2025-04-25

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Business & Finance - 2025-04-25

Commodities

India economic outlook dims further as US tariffs dent business sentiment: Reuters poll

BENGALURU: The Indian economy will grow a bit slower than previously thought this fiscal year, according to...

Published 25 Apr, 2025 10:12pm

Money & Banking

India’s SBI Card quarterly profit declines on higher bad loan provisions

India’s SBI Cards and Payment Services (SBIC.NS), opens new tab reported a decline in fourth-quarter profit on...

Published 25 Apr, 2025 10:09pm

Currency

Indian rupee drops; attempt to move past 85/USD blocked by Kashmir attack jitters

MUMBAI: The Indian rupee yet again failed to move past the psychological 85 mark on Friday after a sell-off in local...

Published 25 Apr, 2025 10:04pm

Currency

Indian rupee falls amid rising tensions with Pakistan after Kashmir attack

MUMBAI: The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an...

Published 25 Apr, 2025 10:01pm

Markets

SBP injects massive Rs11.85 trillion into banking system for up to 14 days

The State Bank of Pakistan (SBP) has injected a significantly high amount of Rs11.85 trillion into conventional and...

Published 25 Apr, 2025 09:26pm

Industry

‘Anti-competitive practices’; CAT upholds Rs50mn fine on Vanaspati Manufacturers Association

The Competition Appellate Tribunal (CAT) dismissed the appeal filed by the Pakistan Vanaspati Manufacturers...

Published 25 Apr, 2025 08:33pm

Companies

India’s Maruti Suzuki plans up to $1 bln capex for new EV launch, higher exports

India’s top carmaker Maruti Suzuki plans to invest up to 90 billion rupees ($1 billion) in the current fiscal year,...

Published 25 Apr, 2025 07:59pm

Stocks

Wall St subdued as China trade uncertainty lingers; Alphabet gains

Wall Street’s main indexes were muted in choppy trading on Friday, as investors struggled with little clarity on the...

Published 25 Apr, 2025 07:52pm

Commodities

Copper sags on tariff turmoil, firmer dollar

LONDON: Copper prices eased on Friday as a stronger dollar and uncertainty about demand overshadowed optimism that...

Published 25 Apr, 2025 06:43pm

Commodities

Wheat up 1-2 cents, corn and soybeans mixed

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

Published 25 Apr, 2025 06:40pm

USA

Brazil inflation matches forecasts ahead of expected rate hike

SAO PAULO: Brazil’s annual inflation sped up in line with market expectations in early April, official data showed...

Published 25 Apr, 2025 06:34pm

Commodities

Global LNG: Asian spot prices hold at 1-year low as demand remains tepid

SINGAPORE: Prices of Asian spot liquefied natural gas (LNG) inched up this week amid production outages in Asia and...

Published 25 Apr, 2025 06:28pm

Forex

India’s forex reserves jump to six-month high of $686.2 billion

MUMBAI: India’s foreign exchange reserves rose for a seventh consecutive week and stood at a six-month high of...

Published 25 Apr, 2025 06:26pm

Asia

Beijing accuses Washington of ‘misleading the public’ about trade talks

BEIJING: China’s foreign ministry urged Washington on Friday to stop “misleading the public” on bilateral tariff...

Updated 25 Apr, 2025 09:28pm

Technology

Apple aims to source all US iPhones from India in pivot away from China

Apple plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from...

Published 25 Apr, 2025 05:49pm

Money & Banking

Lazard first-quarter profit dives as dealmaking slows down

Investment bank Lazard reported a 9% drop in its first-quarter adjusted profit on Friday, as companies steered away...

Published 25 Apr, 2025 05:46pm

Companies

Toyota chairman proposes possible $42 billion acquisition of Toyota Industries

TOKYO: Toyota Motor Chairman Akio Toyoda has proposed the acquisition of supplier Toyota Industries in a possible 6...

Published 25 Apr, 2025 05:44pm

Commodities

Soybeans extend gains on signs of US-China tariff de-escalation

PARIS/SINGAPORE: Chicago soybeans rose for a fifth session on Friday, reaching their highest level since...

Published 25 Apr, 2025 05:41pm

Money & Banking

Russian central bank keeps key rate on hold at 21%

MOSCOW: The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to...

Published 25 Apr, 2025 05:36pm

Companies

BYD’s quarterly profit surges at fastest pace in nearly two years

BEIJING: BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the...

Published 25 Apr, 2025 05:33pm

Energy

Iran, Russia agree on 55 bcm of gas supplies, nuclear plant funding

MOSCOW: Moscow and Tehran have reached a deal on 55 billion cubic metres of Russian gas supplies a year, though...

Published 25 Apr, 2025 05:21pm

Commodities

Gold price per tola falls Rs3,300 in Pakistan

Gold prices decreased in the local and international markets. In Pakistan, gold price per tola reached Rs348,700...

Published 25 Apr, 2025 05:18pm

Markets

PM Shehbaz pushes for privatisation of PIA within proposed timeframe

Prime Minister Shehbaz Sharif on Friday directed the concerned authorities to ensure privatisation of the Pakistan...

Updated 25 Apr, 2025 09:29pm

Commodities

Palm rises on stronger edible oils, logs weekly gain

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, snapping a three-week losing streak, as stronger rival...

Published 25 Apr, 2025 04:37pm

Asia

China exempts some goods from US tariffs to limit trade war pain

China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need...

Published 25 Apr, 2025 04:22pm

Markets

HUBCO Green to develop ‘EV charging infrastructure’ at Attock Petroleum locations

Attock Petroleum Limited (APL) has signed a collaboration agreement with HUBCO Green (Private) Limited (HGL), a...

Published 25 Apr, 2025 03:37pm

Stocks

European shares rise on signs of easing Sino-US trade tensions

European shares ticked higher on Friday as investors assessed a potential de-escalation in the US-China trade war,...

Published 25 Apr, 2025 02:07pm

Stocks

Late-session buying saves the day, KSE-100 closes higher by 450 points

Rise in tensions between Pakistan, India following Pahalgam attack had kept stock market under pressure

Updated 25 Apr, 2025 07:53pm

Currency

Pakistan rupee posts marginal gain against US dollar

Local currency settles at 280.97 against greenback

Updated 28 Apr, 2025 04:21pm

Business & Finance

US wants solution with Switzerland, Swiss president says after tariff talks in Washington

The United States wants a tariff solution with Switzerland, the Swiss president said in a Friday interview after...

Published 25 Apr, 2025 11:58am

Stocks

China, Hong Kong stocks head for second week of gains on tariff relief

HONG KONG: China and Hong Kong stocks rose on Friday and were heading towards second consecutive weekly gains, as...

Published 25 Apr, 2025 11:07am

Commodities

Palm oil opens higher on stronger rival oils, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, supported by gains in rival edible oils and stronger crude...

Published 25 Apr, 2025 10:59am

Business & Finance

China tells G20 meeting world economic growth insufficient

BEIJING: China’s finance minister told a G20 meeting that the current world economic growth momentum was...

Published 25 Apr, 2025 10:56am

Commodities

Soybeans set for weekly gains as on higher expectations

SINGAPORE: Chicago soybeans inched higher on Friday, with the market set to end the week on a positive note as hopes...

Published 25 Apr, 2025 10:52am

Bullion Rate

Gold price steadies amid US-China trade deal hopes

Gold prices steadied on Friday, on track for a third weekly gain, as investors maintained a bullish outlook while...

Published 25 Apr, 2025 10:50am

Mutual Funds

India bond yields seen little changed ahead of debt sale

MUMBAI: Indian government bond yields will likely be largely unchanged on Friday, following a volatile previous...

Published 25 Apr, 2025 10:48am

Forex

Indian rupee to ride positive momentum, unlikely to follow Asian peers lower

MUMBAI: The Indian rupee is likely to sidestep the regional downtrend on Friday, with support coming from the...

Published 25 Apr, 2025 10:46am

Stocks

Japan’s Nikkei rises on Trump’s tariff tone down, weaker yen

TOKYO: Japan’s Nikkei share average rose on Friday as investors scooped up technology stocks after the White House...

Published 25 Apr, 2025 10:44am

USA

Policymakers are achieving the art of the impossible, IMF chief says

WASHINGTON: Praising what she described as “impossible” policy shifts in Germany, Britain and Argentina,...

Published 25 Apr, 2025 08:00am

Business & Finance

Jam, SPIMEX’s VP seek new frameworks for goods trading

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, held a high-level meeting with Dmitriy Chernyshev, vice...

Published 25 Apr, 2025 08:00am

Industry

Transporters’ strike: PTC writes letter to PM

ISLAMABAD: The Pakistan Textile Council (PTC) has requested Prime Minister of Pakistan, Shehbaz Sharif, for ...

Published 25 Apr, 2025 07:57am

Stocks

Indian benchmarks trim weekly gains as Kashmir attack fuels geopolitical concerns

India’s benchmark indexes declined on Friday, limiting their weekly gains, weighed by broad-based sectoral losses...

Updated 25 Apr, 2025 04:50pm

Forex

Dollar drifts higher at end of volatile week of Trump backflips

TOKYO: The dollar drifted higher on Friday, following small losses a day earlier, as traders grappled with the...

Published 25 Apr, 2025 07:50am

Stocks

Stocks, dollar eye weekly rise on Trump’s tariff backdown

SINGAPORE: Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first...

Published 25 Apr, 2025 07:47am

Industry

Road blockades in Sindh: Businessmen concerned over economic paralysis

KARACHI United Business Group (UBG) President Zubair Tufail and North Karachi Association of Trade and Industry...

Published 25 Apr, 2025 07:46am

Energy

Oil set for weekly fall amid supply pressure, tariff uncertainty

LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3% on the back of oversupply concerns...

Updated 25 Apr, 2025 06:49pm

Taxes

LTO Islamabad reconstitutes RIC

ISLAMABAD: Large Taxpayers’ Office (LTO) Islamabad has reconstituted Regional Integrity Committee (RIC) comprising...

Published 25 Apr, 2025 07:34am

Companies

Simpaisa wins fastest growing brand award

ISLAMABAD: Simpaisa, a premier digital payments facilitator in frontier markets, has been awarded with ‘Fastest...

Published 25 Apr, 2025 07:26am

Money & Banking

Asian currencies muted

BENGALURU: Singapore equities were set for an eighth straight session of gains on Thursday, marking their best...