News Archives for Business & Finance - 2025-06-30

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Business & Finance - 2025-06-30

Companies

Karachi bearing brunt as ministry looks to block FCA relief yet again

The National Electric Power Regulatory Authority (NEPRA) concluded its public hearing on K-Electric’s (KE) petition...

Published 30 Jun, 2025 11:43pm

Business & Finance

President Zardari gives assent to Finance Bill 2025

The Finance bill will be applicable from 1st of July

Updated 30 Jun, 2025 11:20pm

Companies

CCP clears 40.63% share acquisition of Mitchell’s Fruit Farms by CCL Holding

The Competition Commission of Pakistan (CCP) has approved the acquisition of a 40.63% shareholding of Mitchell’s...

Published 30 Jun, 2025 08:56pm

Stocks

S&P 500, Nasdaq at record highs as trade hopes feed quarterly momentum

The S&P 500 and Nasdaq scaled new heights on Monday, as optimism over the U.S. striking trade deals with its key...

Published 30 Jun, 2025 08:11pm

Business & Finance

TSX rises as investors assess US-Canada trade talks

Canada’s main stock index edged higher on Monday, on track to log its second consecutive monthly gain, while...

Published 30 Jun, 2025 08:05pm

Markets

Atlas Honda hikes bike prices in Pakistan following new tax imposition

Atlas Honda Limited, Pakistan’s leading motorcycle manufacturer, has increased the prices of its bikes by Rs2,000 to...

Updated 30 Jun, 2025 08:53pm

Business & Finance

PBA refutes reports on remittance subsidies to banks

The Pakistan Banks Association (PBA) rejected on Monday what it called “misleading assertions” in recent press...

Updated 30 Jun, 2025 09:16pm

Stocks

Gulf bourses end mixed; Dubai at 17-year high

Stock markets in the Gulf ended mixed on Monday with some including the Saudi index hit by profit-taking, while...

Published 30 Jun, 2025 07:43pm

Markets

Leghari urges chief ministers to scrap electricity duty from bills starting July

Federal Minister for Power Sardar Awais Ahmed Khan Leghari has written to all chief ministers, urging them to...

Published 30 Jun, 2025 07:38pm

Commodities

Copper slips on mixed Chinese data, tariff uncertainty

LONDON: Copper prices edged lower on Monday, as investors digested mixed factory data from top metals consumer China...

Published 30 Jun, 2025 07:07pm

Financial

Saudi wealth fund net profit tumbles 60% in 2024

DUBAI: Saudi Arabia’s sovereign wealth fund’s net profit slumped 60% from a year earlier to 25.8 billion riyals...

Published 30 Jun, 2025 06:54pm

Commodities

Wheat, corn down 3-4 cents, soybeans up 2-4

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

Published 30 Jun, 2025 06:49pm

Companies

Siemens recruits artificial intelligence expert from Amazon

ZURICH: Siemens has recruited Amazon executive Vasi Philomin to its new position of head of data and artificial...

Published 30 Jun, 2025 06:39pm

Stocks

Sri Lankan shares end higher on broad-based gains

CSE All-Share index settled 0.86% higher at 18,026.72

Published 30 Jun, 2025 06:30pm

Financial

India’s short-end debt outperforms long-end for second straight quarter on dovish RBI

MUMBAI: India’s shorter-duration government bonds outperformed its longer-duration counterpart for a second straight...

Published 30 Jun, 2025 06:27pm

Currency

Sterling heads for biggest quarterly jump in more than two years

Sterling was on track for its biggest quarterly rise against the dollar in more than two years on Monday, aided by...

Published 30 Jun, 2025 06:25pm

Companies

Mercedes says no supply chain disruptions after China export concerns

STUTTGART: There has been no disruption to production due to limited raw material exports from China at German...

Published 30 Jun, 2025 06:22pm

Forex

Russian rouble flat vs US dollar as central bank flags more rate cuts

MOSCOW: The Russian rouble traded flat against the U.S. dollar and the Chinese yuan on Monday as a senior central...

Published 30 Jun, 2025 06:15pm

Financial

Indian bonds post biggest monthly dip since April 2024 on change in RBI policy stance

MUMBAI: Indian government bonds tumbled in June, logging their biggest fall in 15 months, pressured by a shift of...

Published 30 Jun, 2025 05:54pm

Money & Banking

Indian banks’ gross bad loan ratio to remain close to multi-decade lows, RBI report says

MUMBAI: Indian banks’ gross bad loan ratio will remain close to multi-decade lows if economic growth holds steady as...

Published 30 Jun, 2025 05:48pm

Pakistan

Descon appoints Yasir Siddique as CEO

Appointment follows resignation of Muhammad Mohsin

Published 30 Jun, 2025 05:34pm

Companies

India’s industrial output growth slows to nine-month low in May

NEW DELHI: India’s industrial output grew 1.2% year-on-year in May, its slowest pace since August 2024, government...

Published 30 Jun, 2025 05:30pm

Companies

Nissan says it will seek voluntary job cuts at UK plant

TOKYO: Nissan Motor will begin talks this week to seek job cuts at its Sunderland plant in Britain, it said on...

Published 30 Jun, 2025 04:59pm

Stocks

India’s equity benchmarks ease as financials retreat from record highs

India’s benchmark indexes edged lower on Monday, snapping a four-session rally, as profit-taking in financials near...

Published 30 Jun, 2025 04:47pm

Commodities

Palm ends lower on weak Dalian palm oil, crude

JAKARTA: Malaysian palm oil futures closed lower on Monday, paring the previous session’s gains, as weakness in...

Published 30 Jun, 2025 04:43pm

Commodities

Gold price per tola gains Rs800 in Pakistan

Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local...

Published 30 Jun, 2025 04:24pm

Business & Finance

China to resume some Japanese seafood imports after Fukushima ban

BEIJING: China has lifted a ban on seafood imports from most regions of Japan, partially mending a years-long...

Published 30 Jun, 2025 01:29pm

Financial

Pakistan’s inflation projected at 3-4% in June: Finance Ministry

Pakistan's headline inflation clocked in at 3.5% in May

Updated 30 Jun, 2025 05:01pm

Business & Finance

Thai factory output up 1.88% y/y in May on higher car output, exports

BANGKOK: Thailand’s manufacturing production index rose 1.88% in May from a year earlier, the industry ministry said...

Published 30 Jun, 2025 11:42am

Commodities

Corn eases on supply hopes, soybeans rise ahead of US reports

SINGAPORE: Chicago corn slid on Monday with the market trading close to last week’s eight-month low, and wheat lost...

Published 30 Jun, 2025 11:40am

Mutual Funds

India bond yields barely changed as traders eye fresh cues

MUMBAI: Indian government bond yields were flat in early deals on Monday, as traders held pat awaiting fresh...

Published 30 Jun, 2025 11:34am

Technology

China’s Ant Group invested $3.26 billion in R&D in 2024

SHANGHAI: Chinese financial technology firm Ant Group said on Monday that it has increased investment in research...

Published 30 Jun, 2025 11:33am

Commodities

Jordan tenders to buy up to 120,000 metric tons feed barley, traders say

HAMBURG: Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of...

Published 30 Jun, 2025 11:31am

Forex

China’s yuan rises after midpoint set at highest in nearly 8 months

HONG KONG: China’s yuan was firmer against the US dollar on Monday, supported by the central bank’s move to raise...

Published 30 Jun, 2025 11:26am

Commodities

Dalian iron ore set for first monthly gain in four on firm near-term demand

SINGAPORE: Dalian iron ore futures edged higher on Monday and were set to log their first monthly rise in four...

Published 30 Jun, 2025 11:25am

Mutual Funds

Philippines awards $425mn T-bills at auction

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday: BTR...

Published 30 Jun, 2025 11:24am

Stocks

India’s equity benchmarks ease as financials retreat from record highs

India’s benchmark indexes edged lower on Monday as profit-taking in financials near record highs outweighed optimism...

Published 30 Jun, 2025 11:21am

Stocks

South Korean shares set to post best month since November 2020

The benchmark KOSPI index was up 25.39 points, or 0.83%, at 3,081.33

Published 30 Jun, 2025 11:13am

Commodities

Palm falls on weak rival Dalian oils, crude

JAKARTA: Malaysian palm oil futures opened lower on Monday, paring the previous session’s gains, as weakness in...

Published 30 Jun, 2025 11:11am

Commodities

Copper rangebound as market awaits US trade talks, tariff clarity

SINGAPORE: Copper prices on the London Metal Exchange and Shanghai Futures Exchange traded in a range on Monday, as...

Published 30 Jun, 2025 11:07am

Stocks

China stocks flat, HK loses on persisting manufacturing contraction

HONG KONG: China stocks were flat on Monday, while Hong Kong shares pulled back after their best week in two months...

Published 30 Jun, 2025 11:06am

Forex

Australia, NZ dollars steady near multi-month highs, with eyes on US trade deals

SYDNEY: The Australian and New Zealand dollars inched higher towards multi-month peaks on Monday, with their future...

Published 30 Jun, 2025 11:05am

Stocks

Japan’s Nikkei hits more than 11-month high after US stocks rally

TOKYO: Japan’s Nikkei share average jumped to hit a more than 11-month high on Monday as investors’ risk appetite...

Published 30 Jun, 2025 11:03am

Commodities

South Korea’s NOFI tenders for up to 60,000 metric tons soymeal

HAMBURG: Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has issued an international tender to...

Published 30 Jun, 2025 11:02am

Stocks

Australian shares head for sixth straight half-yearly rise

Australian shares were headed for their sixth straight half-yearly rise on Monday, driven by easing geopolitical and...

Published 30 Jun, 2025 11:01am

Companies

Merit Packaging approves major asset sale to Kompass Pakistan

Shareholders of Merit Packaging Limited (MPL) have approved the sale of major assets, including the plant and...

Published 30 Jun, 2025 10:59am

Markets

Aurangzeb departs for Spain to attend FFD4

Finance Minister Muhammad Aurangzeb departed from Islamabad on Monday for Seville, Spain, to participate in the...

Updated 30 Jun, 2025 10:50pm

Stocks

Pakistan rupee ends FY25 lower by 1.95% YoY

Rupee settles at 283.76 against US dollar in inter-bank market on Monday
Local currency had stood at 278.34 against greenback on last session of previous fiscal year

Updated 30 Jun, 2025 08:42pm

Stocks

KSE-100 hits fresh record high as fiscal year comes to an end

PSX's benchmark index ends FY2024-25 up 60% in PKR terms, 57% in USD terms

Updated 30 Jun, 2025 07:29pm

Markets

Gold rebounds from over one-month low on weaker dollar

Gold reversed course and edged higher on Monday, supported by a weaker dollar, after hitting a more than one-month...

Published 30 Jun, 2025 08:11am

Stocks

Shares firm in Asia as US-Canada trade talks resume

SYDNEY: Asia shares firmed on Monday as signs of progress in a trade standoff between the United States and Canada...

Published 30 Jun, 2025 08:09am

Forex

Indian rupee to ride Asia FX rally on US-China trade cheer

MUMBAI: The Indian rupee is likely to be well supported at open on Monday, aided by the strength in Asian currencies...

Published 30 Jun, 2025 08:04am

Energy

Oil prices slip on easing Middle East risks

HOUSTON: Oil prices slipped on Monday as investors weighed easing Middle East risk alongside a possible OPEC+ output...

Updated 30 Jun, 2025 08:37pm

Forex

Dollar droops as optimism over US trade deals boost Fed easing bets

TOKYO: The dollar wallowed near its lowest in nearly four years against the euro on Monday as market optimism over...

Published 30 Jun, 2025 07:58am

Pakistan

KP holds awareness session on e-vehicle policy

PESHAWAR: The provincial government of Khyber Pakhtunkhwa organised an awareness session on National Electric ...

Published 30 Jun, 2025 07:55am

Companies

India’s Torrent Pharma to acquire controlling stake in JB Chem and Pharma

NEW DELHI: India’s Torrent Pharmaceuticals said on Sunday it will acquire a 46.39% controlling stake in smaller...

Published 30 Jun, 2025 07:40am

Industry

Trade with Uzbekistan: FCCI says issues related to banks can be resolved on priority basis

FAISALABAD: Banks related issues could be resolved on top priority basis to give a quantum jump to the bilateral...

Published 30 Jun, 2025 07:35am

Cotton & Textile

Weekly Cotton Review: Mixed trend persists on improved trading

KARACHI: The cotton market witnessed a mixed trend. Trading activities showed improvement. The spot rate recorded a...

Published 30 Jun, 2025 06:53am

Pakistan

Pakistan envoy to China visits Khorgos Free Trade Zone, Cooperation Centre

BEIJING: Pakistan’s envoy to China Ambassador Khalil Hashmi paid a detailed visit to Khorgos Free Trade Zone in...

Published 30 Jun, 2025 06:52am

Industry

Grow Safe conducts HSE audits, trainings at OULA

KARACHI: In a significant move to elevate workplace safety standards, Grow Safe (Private) Limited conducted a series...