News Archives for Business & Finance - 2025-07-30

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Business & Finance - 2025-07-30

Technology

Google to invest $6 billion in southern India data centre, sources say

SINGAPORE: Google will invest $6 billion to develop a 1-gigawatt data centre and its power infrastructure in the...

Published 30 Jul, 2025 08:45pm

Stocks

TSX hits new record high after Bank of Canada’s rate decision

Canada’s main stock index slightly moved past a record high on Wednesday after the Bank of Canada’s rate decision,...

Published 30 Jul, 2025 08:37pm

Markets

Pakistan’s three Eurobonds trade at over $1 premium for first time in years

KARACHI: For the first time in recent history, Pakistan’s three Eurobonds are trading at a premium price of over $1...

Published 30 Jul, 2025 08:34pm

Markets

Gold price per tola increases Rs300 in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their increase in the international market. In the local...

Published 30 Jul, 2025 08:11pm

Companies

India’s Tata Steel beats quarterly profit estimates on lower costs

Tata Steel reported a bigger-than-expected rise in first-quarter profit on Wednesday as India’s second-biggest...

Published 30 Jul, 2025 07:46pm

Markets

Business community ‘disappointed’ at status quo in policy rate

State Bank of Pakistan keeps key interest rate unchanged at 11%

Updated 30 Jul, 2025 10:47pm

Stocks

Gulf stocks gain on earnings optimism, ahead of US Fed outlook

Major Gulf equities rebounded in volatile trade on Wednesday as investors shrugged off underwhelming earnings and...

Published 30 Jul, 2025 07:43pm

Financial

India regulator seeks trading data from exchanges in wider Jane Street probe, sources say

MUMBAI: India’s markets regulator has asked stock exchanges to share detailed data of trading by U.S. brokerage Jane...

Published 30 Jul, 2025 07:35pm

South Asia

India reacts to Trump’s 25% tariff on the country

U.S. President Donald Trump announced on Wednesday a 25% tariff on goods imported from India starting August 1 and...

Published 30 Jul, 2025 07:29pm

Stocks

Wall St holds firm after strong GDP report; Fed, tech earnings in focus

Wall Street held its ground on Wednesday, as investors digested robust GDP numbers and looked ahead to the Federal...

Published 30 Jul, 2025 07:24pm

Companies

Master Changan sold 1,950+ units in June, becomes 3rd largest car brand in Pakistan

Over 13,000 units sold in FY25 and 63,000+ units cumulatively since launch

Published 30 Jul, 2025 06:42pm

Financial

India bonds fall tracking rupee, Fed policy eyed

MUMBAI: Indian government bonds declined on Wednesday, hurt by a sliding rupee that fell the most in nearly three...

Published 30 Jul, 2025 06:04pm

Companies

Indian automaker Mahindra’s quarterly profit beats view on strong SUV sales

Indian automaker Mahindra & Mahindra reported a better-than-expected 34% rise in quarterly profit on Thursday,...

Published 30 Jul, 2025 05:59pm

Commodities

Arabica coffee steadies as market awaits tariff developments

LONDON: Arabica coffee steadied on Wednesday in cautious trade as investors braced for Friday when U.S. tariffs of...

Published 30 Jul, 2025 05:51pm

Markets

Pakistan central bank sees FX reserves climbing to over $17bn by FY26 end

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad projected on Wednesday that the central bank’s foreign...

Updated 30 Jul, 2025 10:48pm

Stocks

Materials, utilities boost Sri Lanka shares

CSE All-Share index settled up 0.17% to 19,566.15

Published 30 Jul, 2025 05:43pm

Commodities

Bangladesh to buy 220,000 tons wheat from US in bid to cool tariffs, official says

DHAKA: Bangladesh’s government has approved the purchase of about 220,000 metric tons of wheat from the United...

Published 30 Jul, 2025 05:32pm

Companies

Hyundai’s India unit beats quarterly profit view as exports rise

Hyundai Motor India beat quarterly profit estimates on Wednesday, as higher exports and better proceeds from SUV...

Published 30 Jul, 2025 05:22pm

Forex

Tariff worries trigger Indian rupee’s steepest fall in nearly three months

MUMBAI: The Indian rupee posted its steepest one-day drop since May and hit a five-month low on Wednesday, hurt by...

Published 30 Jul, 2025 05:17pm

Money & Banking

Here is how much key interest rate has moved in last 12 months

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Wednesday decided to keep the policy rate...

Updated 30 Jul, 2025 05:59pm

Companies

India aviation watchdog finds 263 lapses at Indian airlines in annual audit

NEW DELHI: India’s aviation regulator said on Wednesday it had found 263 safety-related lapses at the country’s...

Published 30 Jul, 2025 05:09pm

Companies

Supertanker delivers oil to sanctioned Nayara Energy’s Vadinar refinery, sources say

SINGAPORE/NEW DELHI: Supertanker Kalliopi was in the process of discharging Iraqi oil for India’s Nayara Energy on...

Published 30 Jul, 2025 05:03pm

Financial

India’s Knowledge Realty Trust to raise $1.4bn debt in next three months, sources say

MUMBAI: India’s newly launched real estate investment trust is set to raise as much as 120 billion rupees ($1.37...

Published 30 Jul, 2025 05:01pm

Stocks

India’s equity benchmarks little changed ahead of Fed decision; tariff worries linger

India’s equity benchmarks ended little changed on Wednesday as gains in Larsen & Toubro after upbeat earnings...

Published 30 Jul, 2025 04:57pm

Commodities

Copper slips to over one-week low on tariff, demand worries

LONDON: Copper prices drifted to the lowest in more than a week on Wednesday as inventories climbed and investors...

Published 30 Jul, 2025 04:52pm

Commodities

Palm oil edges up on higher rival Dalian oils, weak ringgit

KUALA LUMPUR: Malaysian palm oil futures ticked up on Wednesday for a second straight session, supported by gains in...

Published 30 Jul, 2025 04:50pm

Companies

India’s IndiGo posts lower first-quarter profit as forex losses weigh

Interglobe Aviation, the operator of IndiGo, posted a drop in first-quarter profit on Wednesday, hit by ballooning...

Published 30 Jul, 2025 04:34pm

Money & Banking

Govt, NBP eye greater banking support for industrial growth

Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, held a meeting with Rehmat...

Published 30 Jul, 2025 02:56pm

Business & Finance

CCP decides 223 cases, slashes legal backlog by over 40%

The Competition Commission of Pakistan (CCP) made significant progress in reducing its legal backlog and recovering...

Published 30 Jul, 2025 01:54pm

Companies

Atlas Honda shifts gears with launch of CG150 in Pakistan

Expanding its range of mid-sized bikes, Atlas Honda, the largest motorcycle manufacturer in Pakistan, has introduced...

Updated 30 Jul, 2025 08:07pm

Stocks

European shares fall as investors digest earnings deluge; Adidas sinks

European shares fell on Wednesday, weighed down by bank stocks, as corporate earnings took centre stage ahead of a...

Published 30 Jul, 2025 01:31pm

Companies

PHDL clarifies winding up status, says preparing financial statements

Pakistan Hotels Developers Limited (PHDL) clarified on Wednesday that it was in the process of preparing financial...

Published 30 Jul, 2025 12:53pm

Markets

Adidas says tariffs will add $231 million to second-half costs

Adidas said on Wednesday higher US tariffs would add around 200 million euros ($231 million) to its costs in the...

Published 30 Jul, 2025 12:24pm

Markets

UBS second-quarter profit doubles to $2.4 billion, beats estimates

ZURICH: UBS’s second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it...

Published 30 Jul, 2025 12:20pm

Markets

SBP keeps policy rate unchanged at 11%

MPC flagged a worsened inflation outlook amid unexpected energy price hikes

Updated 30 Jul, 2025 04:18pm

Markets

Trump’s tariffs give chocolate makers in Canada, Mexico an edge over US firms

LONDON/NEW YORK: US President Donald Trump’s trade tariffs are meant to boost domestic manufacturing. But in the...

Published 30 Jul, 2025 11:58am

Commodities

Iron ore gains on constructive Sino-US trade talks

BEIJING: Prices of iron ore futures rose on Wednesday, bolstered by hopes of a further extension of a tariff truce...

Published 30 Jul, 2025 11:21am

Markets

Australia Q2 inflation surprises on low side, heralds rate cut

SYDNEY: Australian consumer prices grew at the slowest pace in over four years in the June quarter, data showed on...

Published 30 Jul, 2025 11:19am

Forex

Thai baht/US dollar little changed on Wednesday

The baht was 0.03% lower at 32.37 versus the dollar

Published 30 Jul, 2025 11:18am

Commodities

Copper edges up on trade truce hopes; tariff clarity expected on August 1

Copper prices ticked higher on both the London and the Shanghai exchanges on Wednesday, as investors were hopeful...

Published 30 Jul, 2025 11:16am

Companies

Toyota global output, sales hit record highs in January-June

TOKYO: Toyota said on Wednesday its worldwide output and sales reached record highs for the first six months of the...

Published 30 Jul, 2025 11:06am

Markets

HSBC first-half profit slumps 26% as China losses mount

HONG KONG/LONDON: HSBC Holdings reported a 26% slide in first-half pretax profit on Wednesday, missing analyst...

Published 30 Jul, 2025 11:05am

Forex

Australian dollar weathers soft inflation data, bond yields slump

SYDNEY: The Australian dollar was steady on Wednesday, taking in stride a set of surprisingly soft inflation figures...

Published 30 Jul, 2025 11:04am

Forex

Yuan edges up as trade talks cool tensions, Politburo meeting eyed

HONG KONG: China’s yuan firmly slightly against the U.S. dollar on Wednesday after high-stakes trade talks ended on...

Published 30 Jul, 2025 11:01am

Stocks

China stocks hit 9-month high as investors brush off tariff risks, embrace bull market

SHANGHAI: China stocks rose to their highest level in nine months on Wednesday as investors looked past concerns...

Published 30 Jul, 2025 11:00am

Commodities

Palm opens higher on strong Dalian oils, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures inched higher on Wednesday, tracking stronger rival Dalian oils and crude...

Published 30 Jul, 2025 10:59am

Commodities

Chicago soybeans extend losses on favourable weather, weak demand

BEIJING: Chicago soybean futures fell on Wednesday, weighed down by favourable weather conditions across the U.S....

Published 30 Jul, 2025 10:58am

Mutual Funds

India bond yields may inch lower tracking US peers with Fed decision due

MUMBAI: Indian government bond yields are expected to inch lower in early deals on Wednesday, tracking a drop in...

Published 30 Jul, 2025 10:57am

Markets

Philippines posts $3.95 billion trade deficit in June

MANILA: The Philippines posted a trade deficit of $3.95 billion in June, preliminary official data showed on...

Published 30 Jul, 2025 10:56am

Stocks

Australia shares tread water ahead of domestic inflation data

Australian shares traded in a narrow range on Wednesday, as gains in energy stocks were offset by losses in the...

Published 30 Jul, 2025 10:55am

Stocks

Japan’s Nikkei treads water as central bank meetings, tariff deadline loom

TOKYO: Japan’s Nikkei share average ended morning trade flat on Wednesday after spending most of the session...

Published 30 Jul, 2025 10:54am

Markets

Caixabank’s Q2 net profit falls 11.3% from same period in 2024

MADRID: Spain’s Caixabank said on Wednesday its net profit fell 11.3% in the second quarter from the same period in...

Published 30 Jul, 2025 10:53am

Stocks

South Korean shares hit four-year high on US trade deal hopes

The benchmark KOSPI was up 20.35 points, or 0.63%, at 3,250.92

Published 30 Jul, 2025 10:52am

Companies

Pakistan’s Systems Limited acquires British American Tobacco’s IT arm

In a major strategic move, Systems Limited, one of Pakistan’s largest software firms, has acquired British American...

Published 30 Jul, 2025 10:52am

Companies

OM International to acquire majority stake in Grays Leasing

Grays Leasing Limited announced on Wednesday that it had received a firm intention from OM International Private...

Published 30 Jul, 2025 10:18am

Statistics

Top 5 automobile assemblers at Pakistan Stock Exchange as of July 2025

The automobile industry in Pakistan plays an important role in helping shape the country’s industrial and economic...

Updated 30 Jul, 2025 06:41pm

Currency

Rupee continues to gain against US dollar

Currency settles at 282.95 in interbank market

Updated 30 Jul, 2025 08:46pm

Stocks

PSX gains over 400 points as State Bank maintains status quo

A volatile session was witnessed at the Pakistan Stock Exchange (PSX) on Wednesday as investors awaited the State...

Updated 30 Jul, 2025 04:16pm

Markets

Nissan to stop production at Civac plant in Mexico by March 2026

TOKYO: Japanese automaker Nissan said on Wednesday that the company would stop production at its Civac plant in...

Published 30 Jul, 2025 08:37am

Markets

Tesla signs $4.3 billion battery deal with LGES, source says, reducing China reliance

SEOUL: South Korea’s LG Energy Solution has signed a $4.3 billion deal to supply Tesla with energy storage system...

Published 30 Jul, 2025 08:34am

Markets

Gold inches higher on lower Treasury yields; Fed policy decision awaited

Gold prices edged up on Wednesday, supported by lower Treasury yields and a slight pullback in the dollar, while...

Published 30 Jul, 2025 08:29am

Stocks

Indian equity benchmarks set for muted open ahead of Fed policy decision

India’s equity benchmarks are set for a muted start on Wednesday as caution ahead of the U.S. Federal Reserve’s...

Published 30 Jul, 2025 08:27am

Forex

Indian rupee set to deepen losses as India braces for higher US tariffs

The 1-month non-deliverable forward indicated the rupee will open in the 87.11-87.13 range versus the US dollar

Published 30 Jul, 2025 08:24am

Forex

Euro hovers near one-month lows after trade deal, focus switches to Fed

SINGAPORE: The euro steadied near its lowest in a month on Wednesday, nursing steep losses this week as investors...

Published 30 Jul, 2025 08:12am

Stocks

Asian stocks steady as investors brace for tariff deadline and Fed

SINGAPORE: Asian stocks rose modestly on Wednesday, with investors cautious after trade talks between the U.S. and...

Published 30 Jul, 2025 08:09am

Energy

Oil prices fall on profit-taking as market weighs up supply risks

LONDON: Oil prices fell nearly 1% on Wednesday as investors awaited developments on U.S. President Donald Trump’s...

Updated 30 Jul, 2025 05:45pm

Business & Finance

Old car importers: Anti-Benami zone of FBR initiates big crackdown

KARACHI: The anti-Benami zone of Federal Board of Revenue (FBR) has kicked off massive crackdown against the ...