News Archives for Business & Finance - 2025-07-22

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Business & Finance - 2025-07-22

Companies

Indian refiners’ June crude processing drops 4.2% from a month earlier

Indian refiners’ crude throughput declined by 4.2% month-on-month in June to 5.41 million barrels per day (22.13...

Published 22 Jul, 2025 11:23pm

Taxes

COAS Munir instructs FBR to have dialogue with businessmen over arrest powers, penalties: FPCCI

While focusing on the recently enacted expansions of the Federal Board of Revenue’s (FBR) powers, Federation of...

Published 22 Jul, 2025 08:48pm

Stocks

Wall Street mixed as markets balance trade talks against tariffs’ impact on results

Wall Street struggled for direction on Tuesday as investors weighed signs of progress in U.S. trade talks and...

Published 22 Jul, 2025 07:56pm

Stocks

TSX flat as investors await trade updates

Canada’s main stock index was subdued on Tuesday, pressured by technology stocks, as investors awaited potential...

Published 22 Jul, 2025 07:53pm

Money & Banking

Monetary Policy Committee: SBP issues advance calendar for meetings in FY26

The State Bank of Pakistan (SBP) on Tuesday released the advance calendar of Monetary Policy Committee (MPC)...

Published 22 Jul, 2025 07:49pm

Industry

‘BYD’s Shark 6 PHEV launch to help fill the market gap’

KARACHI: BYD officials and auto sector experts believe the launch of Shark 6 Plug-in Hybrid Electric Vehicle (PHEV)...

Published 22 Jul, 2025 07:19pm

Stocks

Most Gulf bourses fall on US tariff concerns, weaker oil

Most Gulf stock indexes dipped on Tuesday, as investors worried about fading prospects of the European Union’s trade...

Published 22 Jul, 2025 06:58pm

Commodities

Wheat up 1-2 cents, corn down 3-4, soy down 2-5

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

Published 22 Jul, 2025 06:54pm

Markets

Hungary central bank says tight monetary policy warranted

BUDAPEST: Maintaining tight monetary conditions is warranted as a restrictive policy contributes to the maintenance...

Published 22 Jul, 2025 06:50pm

Markets

Nigeria’s central bank holds benchmark rate at 27.50%

ABUJA: Nigeria’s central bank kept its monetary policy rate unchanged at 27.50%, its governor Olayemi Cardoso said...

Published 22 Jul, 2025 06:49pm

Companies

Master Group & Chery Auto to bring super hybrids to Pakistan

Master Group of Industries, among Pakistan’s most distinguished and diversified business conglomerates, continues to...

Published 22 Jul, 2025 06:23pm

Financial

India bonds end steady as traders await cues on policy rates

MUMBAI: Indian government bonds were stuck in a limbo on Tuesday, as traders slowed activity, awaiting clarity on...

Published 22 Jul, 2025 06:20pm

Stocks

Sri Lanka shares end higher ahead of rate decision day

CSE All Share index settled up 0.25% at 19091.93

Published 22 Jul, 2025 06:15pm

Technology

OpenAI, Oracle deepen AI data center push with 4.5 gigawatt Stargate expansion

OpenAI and Oracle will develop another 4.5 gigawatts of data center capacity, expanding a tie-up that has promised...

Published 22 Jul, 2025 06:12pm

Commodities

Robusta coffee recovers after hitting 16-month lows, cocoa also gains ground

LONDON: Robusta coffee futures on ICE recovered on Tuesday after hitting fresh 16-month lows amid ample supplies and...

Published 22 Jul, 2025 06:05pm

Commodities

Copper edges higher, others slip on uncertainty

LONDON: Copper prices drifted higher on Tuesday, buoyed by hopes for firmer Chinese demand, but investors were...

Published 22 Jul, 2025 05:56pm

Companies

Indian broadcaster Zee’s quarterly revenue falls on advertising woes

India’s Zee Entertainment Enterprises reported a 14% drop in first-quarter revenue on Tuesday, as the broadcaster...

Published 22 Jul, 2025 05:50pm

Companies

Trump tariffs take a $1 billion bite out of General Motors earnings

General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront...

Updated 22 Jul, 2025 07:58pm

Companies

Coca-Cola beats quarterly revenue estimates on steady soda demand

Coca-Cola beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from...

Published 22 Jul, 2025 05:45pm

Companies

Indian fintech firm Paytm swings to profit, expects further boost

Indian fintech firm Paytm swung to a profit for the first time since September 2024, driven by robust growth in its...

Published 22 Jul, 2025 05:42pm

Companies

India’s Akasa Air sees Boeing deliveries picking up in coming years

NEW DELHI: India’s Akasa Air expects a pick up in plane deliveries from Boeing over the coming years and to reach...

Published 22 Jul, 2025 05:40pm

South Asia

India, US interim trade deal prospects dim ahead of tariff deadline, sources say

NEW DELHI: The prospects of an interim trade deal between India and the United States before Washington’s August 1...

Published 22 Jul, 2025 05:34pm

Markets

CCP approves CMA CGM’s acquisition of Turkish logistics firm Borusan

The Competition Commission of Pakistan (CCP) on Tuesday granted approval for the global shipping and logistics giant...

Published 22 Jul, 2025 05:34pm

Forex

Indian rupee sticks to losing run as outflows, tariff worries sustain pressure

MUMBAI: The Indian rupee weakened for a fifth straight session on Tuesday, pressured by likely outflows from...

Published 22 Jul, 2025 04:40pm

Stocks

India’s stock benchmarks end flat as Reliance, trade jitters offset Eternal gains

India’s equity benchmarks ended little changed on Tuesday, as the post-earnings surge in Zomato parent Eternal was...

Published 22 Jul, 2025 04:29pm

Commodities

Palm ends higher despite uncertainty over US trade deals that kept market volatile

KUALA LUMPUR: Malaysian palm oil futures ended higher on Tuesday, although uncertainty over potential trade deals...

Published 22 Jul, 2025 04:26pm

Commodities

Gold unchanged at Rs361,200 per tola in Pakistan

Gold prices in Pakistan remained unchanged on Tuesday as gold per tola clocked in at Rs361,200. As per rates shared...

Published 22 Jul, 2025 03:43pm

Markets

Loss-making chemical maker in Pakistan pegs revival hopes on BMR

The management of loss-making Sitara Peroxide Limited (SPL), a chemical manufacturer, is pinning its revival hopes...

Published 22 Jul, 2025 02:36pm

Pakistan

‘I had to skip work again’: Karachiites struggle with Ajrak number plates process

KARACHI: Muhammad Jamal bought his Alto in 2022 through a bank loan, expecting the excitement of car ownership to be...

Updated 22 Jul, 2025 02:01pm

Commodities

Pakistan believed to have received no offers in 50,000 T sugar tender, traders say

HAMBURG: No trading companies were believed to have submitted price offers in the international tender to buy 50,000...

Updated 22 Jul, 2025 02:16pm

Companies

Askari Insurance, ADHL finalise Rs432mn real estate deal

Askari General Insurance Company Limited (AGIC) has purchased commercial property worth over Rs432 million from...

Published 22 Jul, 2025 01:21pm

Energy

Global oil and gas emissions standard put on pause after Shell, others walk away, FT says

Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy...

Published 22 Jul, 2025 01:20pm

Commodities

Shanghai aluminium hits nearly 9-month high on prospect of better China demand

SINGAPORE: The most-traded aluminium contract on the Shanghai Futures Exchange on Tuesday hit the highest since...

Published 22 Jul, 2025 01:19pm

Forex

South African rand slightly weaker, local politics could provide support

JOHANNESBURG: The South African rand was slightly weaker on Tuesday, but analysts said local political developments...

Published 22 Jul, 2025 01:18pm

Europe

AstraZeneca says to invest $50bn in the US

LONDON: British pharmaceutical giant AstraZeneca said Tuesday it would invest $50 billion in the United States amid...

Published 22 Jul, 2025 01:00pm

Stocks

European shares dip as mixed earnings, trade anxiety weigh

European shares nudged lower on Tuesday, weighed down by mixed corporate earnings, while market sentiment over a...

Published 22 Jul, 2025 12:47pm

Markets

Gold at over one-month high as weak dollar, bond yields lift appeal

Gold prices climbed on Tuesday to their highest level in more than a month, supported by a weaker US dollar and...

Published 22 Jul, 2025 12:04pm

Stocks

China, Hong Kong shares extend rally on Tibet dam project boost

The Hang Seng Index rose to 25,120, the highest since November 2021

Published 22 Jul, 2025 11:56am

Technology

China’s Q2 smartphone shipments down 2.4%, says Counterpoint

BEIJING: Smartphone shipments in China were down 2.4% for the second quarter compared with a year ago, Counterpoint...

Published 22 Jul, 2025 11:51am

Business & Finance

JPMorgan considers offering loans backed by clients’ cryptocurrency holdings, FT reports

JPMorgan Chase is exploring plans to offer loans backed by clients’ cryptocurrency holdings, including bitcoin and...

Published 22 Jul, 2025 11:45am

Mutual Funds

Indian bond yields expected to show a slight decline

MUMBAI: Indian government bond yields are expected to move with a dipping bias in early deals on Tuesday, as chatter...

Published 22 Jul, 2025 11:42am

Forex

Australia, NZ dollars hit pause as rate outlook pondered

SYDNEY: The Australian and New Zealand dollars were flat on Tuesday as concerns about U.S. tariffs and central bank...

Published 22 Jul, 2025 11:40am

Business & Finance

China needs to cut 2025 steel output to meet decarbonisation target, report says

BEIJING: China needs to cut steel output from the coal-powered blast furnace process by more than 90 million metric...

Published 22 Jul, 2025 11:36am

Stocks

Australian shares rise on mining and gold boost; Insignia jumps on takeover deal

Australian shares rose on Tuesday, helped by mining and gold stocks, as investors awaited minutes of the central...

Published 22 Jul, 2025 11:35am

Asia

South Korea finance minister, trade envoy to hold 2+2 trade talks with US counterparts

SEOUL: South Korea’s new finance minister and the country’s top trade envoy will meet with US counterparts on Friday...

Published 22 Jul, 2025 11:34am

Commodities

Wheat falls as Russia’s new crop arrives on the market

CANBERRA: Chicago wheat futures fell on Tuesday as top exporter Russia began to ship grain from its new crop,...

Published 22 Jul, 2025 11:28am

Mutual Funds

Japan bonds fall on coalition’s poll defeat as market reopens after holiday

TOKYO: Japanese government bonds fell in early trade on Tuesday, pushing up yields, as investors returning from a...

Published 22 Jul, 2025 11:27am

Stocks

Japan’s Nikkei rises as investors digest election results

TOKYO: Japan’s Nikkei share average climbed on Tuesday, as investors returning from an extended holiday weekend...

Published 22 Jul, 2025 11:26am

Stocks

India’s stock benchmarks open higher, led by banks, Eternal rally

India’s equity benchmarks opened higher on Tuesday, supported by post-results rally in Eternal and strength in...

Published 22 Jul, 2025 11:25am

Forex

Japanese yen-led dollar pullback to offer mild support to Indian rupee at open

MUMBAI: The Indian rupee is poised to open slightly higher on Tuesday, supported by a retreat in the dollar index...

Published 22 Jul, 2025 11:22am

Industry

Pakistan’s textile manufacturer approves revival strategy, eyes entry into IT sector

The Board of Directors of Bilal Fibres Limited, a textile manufacturer, has approved a business plan to launch an IT...

Updated 22 Jul, 2025 02:22pm

Stocks

Asian stocks firm as investors look to tariff negotiations, earnings

SINGAPORE: Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street’s closing...

Published 22 Jul, 2025 10:40am

Forex

Dollar indecisive as investors await more tariff clarity

SINGAPORE: The dollar traded in a tight range on Tuesday after a brief fall at the start of the week, as investors...

Published 22 Jul, 2025 10:32am

Energy

Oil prices fall as tariff deadline looms

LONDON: Oil prices declined for a third consecutive session on Tuesday on concerns the brewing trade war between...

Updated 22 Jul, 2025 05:59pm

Stocks

Rupee remains largely stable against US dollar

Currency settles at 284.97 against greenback

Updated 22 Jul, 2025 07:55pm

Stocks

Bulls return to bourse, KSE-100 gains over 1,200 points

After declining in the previous session, positive sentiments returned to the Pakistan Stock Exchange (PSX), with the...

Updated 22 Jul, 2025 04:16pm

Energy

Thar Block mine expansion: SECMC inks Islamic facility pact with MBL

KARACHI: Sindh Engro Coal Mining Company (SECMC) and Meezan Bank Limited signed an Islamic Facility Agreement to ...

Published 22 Jul, 2025 07:08am

Business & Finance

REAP opposes additional 2pc tax on exporters

KARACHI: Following the government’s imposition of an additional 2 percent tax on exporters, Pakistani rice...