News Archives for Business & Finance - 2025-06-17

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Business & Finance - 2025-06-17

Markets

Budget 2025-26: Senate panel opposes tax on imported solar panels

Govt has proposed 18% tax on imported solar panels in budget for FY2025-26

Published 17 Jun, 2025 10:34pm

Stocks

European shares slide to near one-month low on Israel-Iran tensions

European equities tumbled to a near one-month low on Tuesday as the escalating conflict between Iran and Israel...

Published 17 Jun, 2025 10:11pm

Stocks

UK stocks fall as Middle East conflict hits risk appetite

British equities ended lower in a broad-based selloff on Tuesday, with hostilities between Iran and Israel weighing...

Published 17 Jun, 2025 10:07pm

Business & Finance

Balochistan government unveils Rs1028 bln surplus budget for FY2025-26

The Balochistan government on Tuesday unveiled its surplus, relief-oriented and pro-people budget for the upcoming...

Published 17 Jun, 2025 09:26pm

Companies

UAE’s ADNOC boosts US investments, says AI once-in-a generation investment opportunity

WASHINGTON: ADNOC chief Sultan al-Jaber said on Tuesday the state oil company of the United Arab Emirates was...

Published 17 Jun, 2025 09:05pm

Companies

Mitsubishi hiking prices on new US vehicles by average of 2.1%

WASHINGTON: Mitsubishi Motors said Tuesday it is hiking prices of U.S. vehicles by 2.1% on average, the latest...

Published 17 Jun, 2025 08:54pm

Stocks

Wall Street slips as Middle East conflict escalates

Wall Street’s main indexes slipped on Tuesday as the Israel-Iran conflict entered its fifth day, denting global...

Published 17 Jun, 2025 08:37pm

Stocks

TSX flat as energy share gains counter other losses amid Mideast tensions

Canada’s main stock index was flat on Tuesday, as gains in energy shares offset weakness in other sectors due to...

Published 17 Jun, 2025 08:34pm

Companies

Netflix set to launch third themed venue in Las Vegas

Netflix said on Tuesday it will launch a third themed entertainment venue in 2027, this time in Las Vegas, as the...

Published 17 Jun, 2025 07:09pm

Technology

Adobe brings AI-image generation app to phones, adds partners

SAN FRANCISCO: Adobe Inc. released its first dedicated artificial intelligence smartphone app on Tuesday that...

Published 17 Jun, 2025 06:52pm

Technology

‘GTA VI’ delay weighs on global videogame market growth, data shows

The global videogame market’s growth rate is expected to improve marginally in 2025 from the previous year,...

Published 17 Jun, 2025 06:48pm

Commodities

Wheat up 4-5 cents, corn down 1-up 2, soy up 1-2

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

Published 17 Jun, 2025 06:38pm

Stocks

Most Gulf markets in red over Israel-Iran conflict worries

Most stock markets in the Gulf ended lower on Tuesday with investors cautious due to fighting between Iran and...

Published 17 Jun, 2025 06:34pm

Companies

Nissan launches new Leaf in push to revive its electric mojo

TOKYO: Nissan is betting on a new version of its Leaf electric vehicle (EV) to revive its fortunes, having gone from...

Published 17 Jun, 2025 06:09pm

Currency

Sterling slips versus dollar as inflation print, BoE meeting eyed

LONDON: Sterling was lower against the dollar on Tuesday as market focus stayed on developments in the Middle East,...

Published 17 Jun, 2025 05:48pm

USA

US retail sales fall sharply in May

WASHINGTON: U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle...

Published 17 Jun, 2025 05:44pm

Companies

Eli Lilly strikes $1.3bn deal to buy gene-editing biotech Verve Therapeutics, companies say

Eli Lilly will acquire gene-editing startup Verve Therapeutics for up to $1.3 billion, the companies said on...

Published 17 Jun, 2025 05:39pm

Technology

Oracle cloud to add xAI’s Grok 3 model to lineup for corporate customers

SAN FRANCISCO: Oracle said on Tuesday that its cloud computing division is working with Elon Musk’s artificial...

Published 17 Jun, 2025 04:44pm

Financial

India markets regulator fixes weekly derivative expiry days for exchanges, source says

MUMBAI: India’s markets regulator has approved the National Stock Exchange of India’s request to move the expiry of...

Published 17 Jun, 2025 04:39pm

Commodities

Jordan gets 6 participants in 120,000 tons wheat tender

HAMBURG: Six trading companies are believed to be taking part so far in the international tender on Tuesday from...

Published 17 Jun, 2025 04:35pm

Companies

Airbus strikes deal for up to 150 planes with VietJet

PARIS: Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet,...

Published 17 Jun, 2025 04:33pm

Stocks

Indian shares slip as Trump’s Tehran warning, oil surge rattle investors

India’s benchmark indexes fell on Tuesday as investors stayed on edge after U.S. President Donald Trump urged...

Published 17 Jun, 2025 04:28pm

Commodities

Copper eases on growth concerns, firmer dollar

Copper prices fell on Tuesday as escalating tensions in the Middle East increased worries about global growth and...

Published 17 Jun, 2025 04:25pm

Commodities

Palm ends lower on rival Chicago soyoil, profit taking

JAKARTA: Malaysian palm oil futures fell on Tuesday, snapping three straight sessions of gains, dragged down by a...

Published 17 Jun, 2025 04:23pm

Commodities

Gold price per tola further falls Rs1,000 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their fall in the international market. In the local...

Updated 17 Jun, 2025 06:19pm

Exchange

Rupee weakens against US dollar

Currency settles at 283.41 against the greenback

Updated 17 Jun, 2025 10:04pm

Companies

Hino, Mitsubishi Fuso to merge under new deal

Hinopak Motors Limited (PSX: Hino) informed on Tuesday that a definitive agreement was reached between Mitsubishi...

Published 17 Jun, 2025 04:11pm

Business & Finance

Pakistan’s exporters urge PM to save value-added industry, seek FTR removal, EFS restoration

Pakistan’s $11 billion value-added export-oriented industry—contributing nearly one-third of the country’s total...

Published 17 Jun, 2025 03:49pm

Business & Finance

PM Shehbaz orders Reko Diq to be linked with rail network by 2028

Prime Minister Shehbaz Sharif has directed authorities to connect Reko Diq to the country’s railway network by 2028....

Updated 17 Jun, 2025 06:54pm

Stocks

European shares slide as Israel-Iran conflict shows no sign of cooling

European shares opened lower on Tuesday as the air war between Iran and Israel entered its fifth day, raising the...

Published 17 Jun, 2025 02:08pm

Forex

Ugandan shilling marginally stronger on remittance flows

Commercial banks quoted the shilling at 3,590/3,600

Published 17 Jun, 2025 02:04pm

Stocks

Major Gulf bourses subdued on Israel-Iran conflict

Major stock markets in the Gulf were subdued in early trade on Tuesday with investors cautious as fighting between...

Published 17 Jun, 2025 02:01pm

Energy

Pakistan’s solar surge lifts it into rarefied 25% club

LITTLETON: Pakistan is rapidly emerging as a key leader in solar power deployment, and not just within emerging...

Updated 17 Jun, 2025 11:01pm

Energy

Global oil demand to dip in 2030, first drop since Covid: IEA

PARIS: Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International...

Updated 17 Jun, 2025 02:12pm

Currency

Pakistan’s REER index clocks in at 97.81 in May 2025

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 17 Jun, 2025 01:15pm

Markets

Pakistan’s current account posts $103mn deficit in May 2025

On YoY basis, C/A decreases 56% against $235 million deficit in same month last year

Updated 17 Jun, 2025 06:54pm

Technology

SoftBank raises $4.8 billion from T-Mobile share sale, term sheet shows

SYDNEY: Japan’s SoftBank raised $4.8 billion from a sale of 21.5 million T-Mobile shares at $224 each, according to...

Published 17 Jun, 2025 11:46am

Commodities

Chicago soybeans slip on favourable weather, weaker soyoil

BEIJING: Chicago soybean futures fell on Tuesday, pressured by favourable US crop weather and weaker soyoil prices,...

Published 17 Jun, 2025 11:37am

Stocks

KSE-100 closes over 250 points lower as late-selling erases intra-day gains

The Pakistan Stock Exchange (PSX) witnessed volatile trading on Tuesday, with its benchmark KSE-100 Index swaying in...

Updated 17 Jun, 2025 10:28pm

Business & Finance

South Korea trade chief expects intense talks with US in coming weeks

SEOUL: South Korea’s trade negotiations with the US are expected to proceed in an intense manner in the next few...

Published 17 Jun, 2025 11:22am

Stocks

China, HK stocks fall on Middle East tensions; annual financial forum in focus

SHANGHAI: Mainland China and Hong Kong stocks edged lower on Tuesday, as investor sentiment was weighed down by...

Published 17 Jun, 2025 11:19am

Commodities

Dalian iron ore dips as traders assess mixed Chinese macro data

SINGAPORE: Iron ore edged lower on Tuesday as traders assessed mixed macroeconomic data from top consumer China,...

Published 17 Jun, 2025 11:15am

Markets

Pakistan prepared for regional fallout, optimistic on US tariff talks: Aurangzeb

Aurangzeb calls talks with US official 'constructive, positive'

Updated 17 Jun, 2025 06:53pm

Forex

Australia, NZ dollars take a breather after upside breaks

SYDNEY: The Australian and New Zealand dollars were just short of fresh highs on Tuesday as another bout of Middle...

Published 17 Jun, 2025 11:13am

Mutual Funds

Benchmark Japanese bonds fall on BOJ’s debt purchase plan

TOKYO: Benchmark Japanese government bonds fell on Tuesday after a bond purchase plan by the Bank of Japan indicated...

Published 17 Jun, 2025 11:12am

Business & Finance

BOJ to slow pace of bond taper next year as fresh risks emerge

TOKYO: The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance...

Published 17 Jun, 2025 11:11am

Energy

Eni CEO says Mideast conflict has not led to loss in oil production

KUALA LUMPUR: The chief executive of Italy’s Eni said on Tuesday that the Israel-Iran conflict has not led to a loss...

Published 17 Jun, 2025 11:09am

Commodities

Palm declines on rival Chicago soyoil, profit taking

JAKARTA: Malaysian palm oil futures extended losses on Tuesday, snapping three straight sessions of gains, dragged...

Published 17 Jun, 2025 11:08am

Mutual Funds

Indian bond yields, swap rates ease after dovish comments from RBI chief

MUMBAI: Indian government bond yields and overnight index swap rates both eased in early trading on Tuesday, as...

Published 17 Jun, 2025 11:06am

Forex

Yuan holds steady after BOJ decision; focus shifts to Fed

SHANGHAI: China’s yuan held steady against the US dollar on Tuesday, as the Bank of Japan kept policy rates on hold,...

Published 17 Jun, 2025 11:04am

Stocks

Japan’s Nikkei tracks Wall Street gains, shrugs off BOJ decision

TOKYO: Japan’s Nikkei share average advanced on Tuesday, tracking overnight Wall Street gains, following signs of a...

Published 17 Jun, 2025 11:03am

Forex

Indian rupee faces pressure on fresh Middle East jitters after Trump warning

MUMBAI: The Indian rupee is likely to dip at the open on Tuesday, weighed down by rising oil prices and a decline in...

Published 17 Jun, 2025 11:01am

Markets

Pakistan, US move closer to securing trade deal as tariff talks continue

Pakistan and the United States have taken another step forward in their ongoing efforts to resolve trade-related...

Updated 17 Jun, 2025 07:10pm

Stocks

India equity benchmarks set for muted open after Trump’s Tehran warning

India’s benchmark indexes are set for a muted open on Tuesday, as investors adopt a cautious stance following U.S....

Published 17 Jun, 2025 08:41am

Markets

Gold rises as Israel-Iran fighting, Trump’s evacuation call spark demand

Gold rebounded on Tuesday as heightened geopolitical uncertainty stemming from Israel-Iran fighting and U.S....

Published 17 Jun, 2025 08:34am

Energy

Oil prices rise as Iran-Israel conflict escalates

HOUSTON: Oil prices climbed on Tuesday as the Iran-Israel conflict raged with no end in sight, though major oil and...

Updated 17 Jun, 2025 09:27pm

Forex

Dollar rises, yen steady ahead of BOJ rate decision

SINGAPORE:The dollar firmed slightly on Tuesday though most currencies held tight ranges as investors remained...

Published 17 Jun, 2025 08:02am

Stocks

Stocks slip, oil jumps as Trump calls for Tehran evacuation

U.S. stock futures slipped and oil prices rose on Tuesday, as investors were rattled by U.S. President Donald...

Published 17 Jun, 2025 08:00am

Money & Banking

US dollar softens in choppy trade

NEW YORK: The dollar was softer in choppy trading on Monday, as investors monitored the fighting between Israel and...