News Archives for Business & Finance - 2025-04-28

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Business & Finance - 2025-04-28

Markets

Indus Motor profit after tax jumps 75% in 9 months of FY25

Indus Motor Company (IMC) posted a profit-after-tax (PAT) of Rs16.55 billion in the first nine months of the...

Published 28 Apr, 2025 10:33pm

Markets

SBP likely to cut key policy rate by 50bps to 11.5%, brokerage house says

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) was expected to cut the key policy rate by...

Published 28 Apr, 2025 09:54pm

Business & Economy

Pakistan’s sovereign dollar bonds slide as tensions with India rise

LONDON: Pakistan’s sovereign dollar bonds slid more than 3 cents on Monday, Tradeweb data showed, as the country’s...

Published 28 Apr, 2025 09:49pm

Markets

Pakistan starts export of camel milk powder to China

Pakistan has started the export of camel milk powder to China, a statement from the Food ministry said on Monday....

Published 28 Apr, 2025 08:41pm

South Asia

One of first US trade deals may be with India, Treasury’s Bessent says

WASHINGTON: US Treasury Secretary Scott Bessent on Monday said many top US trading partners had made ‘very good’...

Published 28 Apr, 2025 08:15pm

Companies

Sinopec’s quarterly net income falls 28% on slower fuel sales

SINGAPORE: China’s Sinopec Corp’s first-quarter profit fell by 27.6% versus a year earlier, the company said on...

Published 28 Apr, 2025 08:11pm

Companies

IBM to invest $150 billion in US over next five years to aid quantum push

IBM will invest $150 billion in the U.S., including on facilities for quantum computer production, over the next...

Published 28 Apr, 2025 07:54pm

Stocks

Wall St mixed in start to busy week for earnings, data

The S&P 500 and the Dow inched higher in choppy trading on Monday as investors braced for a week packed with key...

Published 28 Apr, 2025 07:49pm

Money & Banking

Wells Fargo nears full regulatory relief as CFPB lifts consent order

Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues...

Published 28 Apr, 2025 07:45pm

Commodities

Wheat down 10-11 cents, corn down 6-7, soy down 5-6

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

Published 28 Apr, 2025 06:31pm

Stocks

Most Gulf markets gain ahead of earnings

Most stock markets in the Gulf ended higher on Monday as investors awaited corporate earnings announcements and amid...

Published 28 Apr, 2025 06:28pm

Markets

Pakistan economy faces slowdown in early FY25, poised to recover in second half

SBP half-yearly report revises average inflation for FY25 to 5.5–7.5%

Updated 28 Apr, 2025 10:39pm

Companies

India’s Adani Total Gas posts drop in quarterly profit on higher procurement charges

India’s Adani Total Gas, reported a drop in fourth-quarter profit on Monday, as a fall in allocated supply from the...

Published 28 Apr, 2025 05:43pm

Financial

India central bank to infuse 1.25 trillion rupees worth of liquidity via bond purchases

MUMBAI: The Reserve Bank of India will purchase government bonds worth 1.25 trillion rupees ($14.71 billion) via...

Published 28 Apr, 2025 05:40pm

Commodities

Grains and soybeans fall on US-China trade talks confusion

SINGAPORE/HAMBURG: Chicago soybeans, wheat and corn fell on Monday as confusion about the status of talks to end the...

Published 28 Apr, 2025 05:31pm

Stocks

Utilities stocks lift Sri Lankan shares

CSE All-Share index settled 0.44% lower at 15,811.47

Published 28 Apr, 2025 05:18pm

Commodities

Gold price per tola falls Rs1,600 in Pakistan

Gold prices decreased in the local and international markets. In Pakistan, gold price per tola reached Rs347,100...

Published 28 Apr, 2025 05:17pm

Business & Finance

Indian commerce minister, UK business minister meet to discuss trade deal

LONDON: British trade minister Jonathan Reynolds will meet Indian Commerce Minister Piyush Goyal in London on Monday...

Published 28 Apr, 2025 04:52pm

Business & Finance

India’s March industrial output misses expectations but rebounds from 6-month low

NEW DELHI: India’s industrial output in March missed economists’ expectations amid a quicker data release and slower...

Published 28 Apr, 2025 04:50pm

Middle East

China’s Sinopec partners with Saudi Aramco’s unit in $4 billion JV

China’s state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint...

Updated 28 Apr, 2025 05:36pm

Stocks

Indian shares rise as Reliance results, foreign inflows boost sentiment

Indian shares rose on Monday, lifted by better-than-expected earnings from Reliance Industries and steady foreign...

Published 28 Apr, 2025 04:35pm

Commodities

Copper steadies, focus on U.S.-China trade tensions

Copper prices held steady on Monday as the market waited for further developments on U.S.-China trade relations and...

Published 28 Apr, 2025 04:32pm

Commodities

Palm slides on weak soyoil, anticipation of greater output

KUALA LUMPUR: Malaysian palm oil futures closed lower on Monday, weighed down by expectations of increased...

Published 28 Apr, 2025 04:29pm

Mutual Funds

Euro zone yields edge up as traders await economic data

LONDON: Euro zone government bonds edged higher on Monday, as the unusual absence of US tariff-related headlines...

Published 28 Apr, 2025 03:05pm

Stocks

European shares edge higher as investors await tariff updates, economic data

European shares nudged higher on Monday, after registering a second consecutive weekly gain, as investors looked...

Published 28 Apr, 2025 02:21pm

Business & Finance

Etihad Airways CEO says airline to add 20-22 new planes in 2025

DUBAI: The CEO of Abu Dhabi’s Etihad Airways, Antonoaldo Neves, said on Monday the airline is planning on adding 20...

Published 28 Apr, 2025 02:18pm

Forex

Kenyan shilling unchanged versus dollar, LSEG data shows

The Kenyan shilling was quoted at 129.10/129.50

Published 28 Apr, 2025 02:15pm

Technology

Reko Diq project: Supernet to deliver internet, communication infrastructure

Supernet Limited will provide internet and communication infrastructure at the Reko Diq Copper and Gold Mine in...

Published 28 Apr, 2025 12:08pm

Bullion Rate

China’s first-quarter gold consumption falls 6% to 290.492 metric tons

SHANGHAI: China’s gold consumption fell 5.96% year-on-year to 290.492 tons in the first quarter of 2025 as high gold...

Published 28 Apr, 2025 11:42am

Business & Finance

ECB faces complex meeting in June, Dutch central bank governor Knot says in FD report

AMSTERDAM: The European Central Bank’s next policy meeting will be complex, as policymakers need to balance the...

Published 28 Apr, 2025 11:40am

Commodities

London metals prices mixed on optimism around trade talks

SHANGHAI: London metals prices traded mixed on Monday as optimism over easing US-China trade tensions offered some...

Published 28 Apr, 2025 11:35am

Forex

Yuan slips as investors await Sino-US trade developments, China PMI

SHANGHAI: China’s yuan slipped against the dollar on Monday, as investors carefully monitored the greenback’s...

Published 28 Apr, 2025 11:31am

Commodities

Soybeans fall on conflicting US, China remarks on trade talks; corn, wheat down

SINGAPORE: Chicago soybeans lost more ground on Monday as conflicting statements by US and Chinese officials on...

Published 28 Apr, 2025 11:30am

Forex

Australian dollars retreats from 2025 highs, focus turns to CPI data, election outcome

SYDNEY: The Australian and New Zealand dollars were on the back foot on Monday as investors await clarity in...

Published 28 Apr, 2025 11:29am

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.48% lower at 33.69 per dollar

Published 28 Apr, 2025 11:27am

Stocks

Japan’s Nikkei rallies toward four-day win; Toyota leads auto surge

TOKYO: Japan’s Nikkei rose on Monday, putting it on course for a four-day winning streak, with auto-sector stocks...

Published 28 Apr, 2025 11:26am

Stocks

Indian shares rise as Reliance results, foreign inflows boost sentiment

Indian shares rose on Monday, driven by heavyweight Reliance Industries after it reported better-than-expected...

Published 28 Apr, 2025 11:24am

Stocks

Banks propel Australian shares higher; local inflation data eyed

Australian shares rose on Monday, with most sectors in the green and heavyweight financials at the helm of gains,...

Published 28 Apr, 2025 11:23am

Commodities

Palm opens lower on weaker rival edible oils, stronger crude caps losses

KUALA LUMPUR: Malaysian palm oil futures opened lower on Monday, weighed by weaker rival edible oils while stronger...

Published 28 Apr, 2025 11:22am

Currency

Pakistan rupee posts marginal decline against US dollar

Local currency settles at 281.07 against greenback

Updated 28 Apr, 2025 07:58pm

Stocks

India bond yields may dip tracking US peers

MUMBAI: Indian government bond yields are expected to decline in opening trades this week, tracking a drop in US...

Published 28 Apr, 2025 11:19am

Stocks

China, HK stocks flat; rebound fades in absence of fresh stimulus to counter US tariffs

SHANGHAI: China and Hong Kong stocks barely moved on Monday after Beijing pledged to stabilise capital markets...

Published 28 Apr, 2025 11:18am

Commodities

Iron ore slides amid fresh rumours of China cutting steel output

SINGAPORE: Iron ore futures prices fell on Monday, weighed down by renewed rumours of China cutting crude steel...

Published 28 Apr, 2025 11:15am

Stocks

Pakistan stocks retreat after positive start, KSE-100 Index closes over 1,400 points lower

Profit-taking keeps market under pressure

Updated 28 Apr, 2025 05:37pm

Bullion Rate

Gold sinks over 1% as easing US-China tensions curb safe-haven demand

Gold prices dropped more than 1% on Monday as easing U.S.-China trade tensions boosted investors’ risk appetite and...

Published 28 Apr, 2025 08:21am

Stocks

Toyota Industries shares poised to surge on potential buyout

TOKYO: Shares of Toyota Industries were set to surge on Monday after Japanese automaker Toyota said over the weekend...

Published 28 Apr, 2025 08:02am

USA

Amid Trump tariffs, China’s trade and economy tsar steps into spotlight

BEIJING/WASHINGTON: When the leaders of some of the world’s largest companies flocked to Beijing for a business...

Published 28 Apr, 2025 07:59am

Technology

Japan’s Nintendo fans test Switch 2 ahead of launch amid tariff worries

CHIBA: Nintendo fans were given a chance to try out the company’s new Switch 2 gaming device at an event near Tokyo...

Published 28 Apr, 2025 07:42am

Forex

India rupee, bonds to be guided by fallout from Kashmir attack

MUMBAI: The path for Indian rupee and government bonds this week hinges on the geopolitical fallout from the...

Published 28 Apr, 2025 07:37am

Energy

Oil prices stable amid economic uncertainty, OPEC+ supply fears

LONDON: Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and...

Updated 28 Apr, 2025 05:47pm

Forex

Dollar sellers pause with eye on US jobs

SINGAPORE: The dollar made a steady start on Monday as investors prepared for a week packed with economic data that...

Published 28 Apr, 2025 07:31am

Stocks

Asia shares edge up; dollar at mercy of US trade whims

SYDNEY: Asian share markets and the dollar made a cautious start on Monday as confusion over U.S. trade policy...

Published 28 Apr, 2025 07:28am

Industry

KPTMA urges CM to safeguard provincial industries

PESHAWAR: The Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has urgently appealed to Chief Minister Sardar ...

Published 28 Apr, 2025 07:24am

Business & Finance

KP Finance issues fiscal guidelines to spending, cheque clearance

PESHAWAR: The Finance Department of Khyber Pakhtunkhwa has issued detailed circular guidelines to all relevant...

Updated 28 Apr, 2025 07:35am

Industry

HCSTSI president seeks reforms in Railways’ cargo services

HYDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Updated 28 Apr, 2025 12:14pm

Business & Finance

Prices of kitchen items witness mixed trend

PESHAWAR: Mixed trend in prices of important kitchen items including live chicken/meat, sugar, flour, vegetables,...

Published 28 Apr, 2025 06:54am

Business & Finance

Digital technology, online trade: Punjab making rapid strides, says CM

LAHORE: “Punjab is moving ahead rapidly in digital technology and online trade,” said Chief Minister Punjab...

Published 28 Apr, 2025 06:42am

Business & Finance

Trusted R&D companies: Farmers advised to use certified, data-backed seeds

LAHORE: Experts in the seed sector have urged farmers to choose only reputable companies that invest in research and...

Published 28 Apr, 2025 06:37am

Industry

Closing highways over canals’ issue not justified: FCCI

FAISALABAD: Faisalabad Chamber of Commerce and Industry President Rehan Naseem Bharara has said that there is...

Published 28 Apr, 2025 06:35am

Cotton

Weekly Cotton Review: Prices stable amid low trading activity

KARACHI: Cotton prices have shown overall stability, while trading activity remained limited. New York cotton ...

Updated 28 Apr, 2025 06:59am

Money & Banking

China’s yuan slips

SHANGHAI: China’s yuan slipped against the dollar on Friday, as investors headed into the weekend fretting about ...