News Archives for Business & Finance - 2025-08-01

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Business & Finance - 2025-08-01

Companies

Honeywell Automation India’s posts second straight quarterly profit fall

Engineering firm Honeywell Automation India reported a second consecutive quarterly profit fall on Friday, as its...

Published 01 Aug, 2025 10:55pm

Business & Finance

Flexible financial terms for ferry operators under consideration: minister

Federal Minister for Maritime Affairs Junaid Anwar Chaudhry on Friday called for the swift launch of Pakistan’s...

Published 01 Aug, 2025 10:06pm

Stocks

India’s NSE pays markets regulator $4.6 million to settle data sharing case

The National Stock Exchange of India has paid 403.5 million rupees ($4.6 million) to the markets regulator to settle...

Published 01 Aug, 2025 08:45pm

Companies

BYD’s July production falls for first time in 17 months as expansion spree slows

BEIJING: BYD’s vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has...

Published 01 Aug, 2025 08:27pm

Stocks

TSX falls after Trump increases tariff on Canada

Canada’s main stock index slipped on Friday as investors assessed U.S. President Donald Trump’s new tariff regime...

Published 01 Aug, 2025 08:22pm

Money & Banking

India to invite financial bids for IDBI Bank stake sale in Oct-Dec, official says

NEW DELHI: India has completed due diligence for the stake sale of IDBI Bank and plans to invite financial bids...

Published 01 Aug, 2025 08:20pm

Stocks

Wall St selloff sparked by Trump tariffs, Amazon results, weak payrolls

Wall Street’s main indexes declined sharply on Friday as new U.S. tariffs on dozens of trading partners and Amazon’s...

Published 01 Aug, 2025 08:03pm

Business & Finance

Businessmen voice concerns over trade challenges at Iran, Afghanistan borders

ISLAMABAD: The representatives of Quetta Chamber of Commerce informed the Senate Standing Committee on Finance at...

Published 01 Aug, 2025 07:05pm

Commodities

Wheat down 3-5 cents, corn steady-down 1, soybeans mixed

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading on Friday. Wheat -...

Published 01 Aug, 2025 06:52pm

Middle East

Saudi Aramco and Sonatrach cut OSPs for LPG in August by 5-10%

MOSCOW: Algeria’s Sonatrach and Saudi Arabia’s state oil producer Aramco cut official selling prices (OSPs) for...

Published 01 Aug, 2025 06:46pm

Energy

Global LNG: Asian spot prices inch up on geopolitical, supply concerns

SINGAPORE: Asian spot liquefied natural gas (LNG) prices inched up after two previous weeks of declines as...

Published 01 Aug, 2025 06:20pm

Stocks

US tariff cut, trade hopes boost Sri Lanka shares to sixth weekly gain

CSE All Share index settled up 1.33% at 19,904.60

Published 01 Aug, 2025 06:13pm

Commodities

Coffee, cocoa slip as investors hold out for US tariff relief

LONDON: Coffee and cocoa futures on ICE fell on Friday as investors held out hope the Trump administration would...

Published 01 Aug, 2025 06:10pm

Stocks

UAE markets decline over profit booking and tariff tensions

United Arab Emirates markets declined on Friday, mirroring losses in global equities, after the U.S. slapped steep...

Published 01 Aug, 2025 06:06pm

Financial

India bond yields end flat, rise marginally this week ahead of RBI meet

MUMBAI: Indian government bond yields ended largely unchanged on Friday after the debt supply, but edged up...

Published 01 Aug, 2025 05:56pm

Companies

India’s ITC tops profit view on higher cigarette, consumer goods sales

Indian conglomerate ITC reported a slightly better-than-expected first-quarter profit on Friday, buoyed by higher...

Published 01 Aug, 2025 05:53pm

Financial

Jane Street not co-operating in ongoing probe, says India government source

NEW DELHI: U.S. trading firm Jane Street is not co-operating with the income tax department in the ongoing...

Published 01 Aug, 2025 05:48pm

Companies

India’s GlaxoSmithKline Pharma posts first revenue drop in over two years

Indian drugmaker GlaxoSmithKline Pharma reported its first quarterly revenue decline in more than two years on...

Published 01 Aug, 2025 05:43pm

Financial

India proposes to widen institutional investment in REITs and InvITs

India’s markets regulator on Friday proposed allowing foreign investors and qualified institutional buyers to...

Published 01 Aug, 2025 05:40pm

South Asia

India engaged in further trade talks with US, Indian government source says

NEW DELHI: India is engaged in trade talks with the United States, an Indian government source with knowledge of the...

Published 01 Aug, 2025 05:33pm

Financial

India’s markets regulator building capacity to check financial fraud, chief says

India’s markets regulator is building both internal and external capacity to rein in cases of financial fraud, its...

Published 01 Aug, 2025 05:27pm

Business & Finance

Indian factory growth hits 16-month high, business outlook darkens, PMI shows

BENGALURU: Indian manufacturing growth expanded at its fastest pace in 16 months in July, driven by robust demand,...

Published 01 Aug, 2025 05:24pm

Companies

India’s Andhra Pradesh state approves up to $600 million for electronic parts production

India’s southern state of Andhra Pradesh on Friday approved a draft scheme offering $600 million in incentives to...

Published 01 Aug, 2025 05:22pm

Forex

Indian rupee steadies to cap rough week dominated by Trump’s tariff jolt

MUMBAI: The Indian rupee nudged higher on Friday, supported by likely intervention from the Reserve Bank of India,...

Published 01 Aug, 2025 05:17pm

Energy

India’s stranded renewable projects double to over 50 GW, industry documents show

SINGAPORE: India’s stranded renewable power capacity - projects awarded but unable to come online - more than...

Published 01 Aug, 2025 05:15pm

Companies

India’s Mahindra logs 20% jump in July SUV sales to dealers, rivals stumble

Indian automaker Mahindra & Mahindra logged a 20% year-on-year jump in sales of sports utility vehicles to...

Published 01 Aug, 2025 05:12pm

Stocks

Indian blue-chips post fifth weekly loss as tariffs, foreign outflows bite

Indian stock benchmarks fell on Friday, logging their fifth straight weekly loss - the longest losing streak in two...

Published 01 Aug, 2025 05:09pm

Commodities

US copper stabilises to retain a premium over global benchmark

LONDON: US copper prices stabilized on Friday after the biggest one-day decline on record the previous day as the...

Published 01 Aug, 2025 05:07pm

Commodities

Palm rises but logged second weekly loss

KUALA LUMPUR: Malaysian palm oil futures closed higher on Friday, supported by a weaker ringgitand the U.S. decision...

Published 01 Aug, 2025 05:04pm

Asia

Malaysian pharmaceuticals, semiconductors exempt from US tariffs, minister says

KUALA LUMPUR: The U.S. imposed a 19% tariff on imports from Malaysia, though Kuala Lumpur said on Friday it had...

Published 01 Aug, 2025 04:46pm

Companies

JDW Sugar establishes ethanol production facility

JDW Sugar Mills Limited said on Friday that it had successfully completed a 20-day trial run of its newly...

Published 01 Aug, 2025 04:22pm

Industry

Pakistani magnate partners with China’s Chery to localize EV production: Bloomberg

NexGen Auto Pvt., a unit of Pakistan’s Nishat Group owned by business magnate Mian Mohammad Mansha, is setting up a...

Published 01 Aug, 2025 04:16pm

Bullion Rate

Gold price per tola falls Rs100 in Pakistan

Gold prices in Pakistan decreased on Friday in line with their decline in the international market. In the local...

Published 01 Aug, 2025 04:15pm

Companies

Bank Makramah Limited sells Cullinan Tower in Karachi

Bank Makramah Limited (BML) announced on Friday that it had received the down payment for Cullinan Tower, formerly...

Published 01 Aug, 2025 04:04pm

Interest Rates

Inflation in Pakistan clocks in at 4.1% in July 2025

Consumer Price Index had stood at 3.2% in June 2025

Updated 01 Aug, 2025 05:21pm

Technology

Pakistan, US deepens crypto cooperation after trade deal

Minister of State for Crypto and Blockchain Bilal bin Saqib met with Executive Director of President Trump’s Council...

Published 01 Aug, 2025 01:18pm

Business & Finance

Lower US tariffs to aid Pakistan’s exports, says govt

The government on Friday said that a revised tariff agreement with the United States will enhance market access for...

Published 01 Aug, 2025 12:47pm

Markets

Daimler Truck shares fall after company cuts FY outlook

Shares in Daimler Truck dropped 7% in early Frankfurt trade after the company cut its full year outlook late on...

Published 01 Aug, 2025 12:35pm

Markets

UK house prices rise modestly in July, affordability improves, Nationwide says

LONDON: British house prices rose slightly faster than expected in July, but less than earlier in 2025 when the...

Published 01 Aug, 2025 12:32pm

Markets

Nippon Steel posts $1.3 billion Q1 loss

TOKYO: Nippon Steel, Japan’s biggest steelmaker, posted 195.83 billion yen ($1.30 billion) in losses for the three...

Published 01 Aug, 2025 12:28pm

Technology

Nintendo says 5.8mn Switch 2 consoles sold in first month

TOKYO: Japan’s Nintendo said Friday that around 5.8 million Switch 2 consoles were sold in June, the first month of...

Published 01 Aug, 2025 12:25pm

Stocks

China, HK stocks set for weekly fall on soft data, Trump tariffs

SHANGHAI: Mainland China and Hong Kong stocks extended their losses on Friday and looked set for a losing week,...

Published 01 Aug, 2025 12:20pm

Forex

Yuan falls to two-month low on stronger dollar, soft factory data

SHANGHAI: China’s yuan slipped to a two-month low against the U.S. dollar on Friday, weighed down by broader...

Published 01 Aug, 2025 12:18pm

Commodities

Copper prices mixed as US tariff exemption sparks market adjustment

Copper prices were mixed on Friday as markets adjusted to a U.S. decision to exempt refined copper from a proposed...

Published 01 Aug, 2025 12:15pm

Mutual Funds

India bond yields expected to stay in narrow range before debt supply

MUMBAI: Indian government bond yields are expected to be largely unchanged in early deals on Friday, as market...

Published 01 Aug, 2025 12:12pm

Business & Finance

Asia’s factory activity worsens as US trade uncertainty bites

TOKYO: Asia’s factory activity deteriorated in July as soft global demand and lingering uncertainty over U.S....

Published 01 Aug, 2025 12:10pm

Forex

Australia, NZ dollars badly bruised as greenback makes a comeback

SYDNEY: The Australian and New Zealand dollars were looking punch-drunk on Friday as six straight sessions of losses...

Published 01 Aug, 2025 12:08pm

USA

Trump hits dozens of countries’ goods with steep tariffs

WASHINGTON: US President Donald Trump slapped steep tariffs on exports from dozens of trading partners including...

Published 01 Aug, 2025 12:02pm

Forex

Thai baht/US dollar weaker on Friday

BANGKOK: The Thai baht weakened against the U.S. dollar on Friday. At 0118 GMT, the baht was 0.09% lower at 32.76...

Published 01 Aug, 2025 11:52am

Stocks

South Korean shares slide 3% on tariff and tax woes

SEOUL: Round-up of South Korean financial markets: South Korean shares dropped 3% on Friday and were on track for...

Published 01 Aug, 2025 11:51am

Stocks

Australian shares slide on Trump tariff woes

Australian shares slid almost 1% on Friday in a broad-based sell-off, as appetite for risk assets soured after the...

Published 01 Aug, 2025 11:49am

Commodities

Palm reverses course to rise but set for second weekly loss

KUALA LUMPUR: Malaysian palm oil futures reversed course to trade higher on Friday, supported by a weaker ringgit...

Published 01 Aug, 2025 11:44am

Business & Finance

British Airways-owner IAG beats second-quarter profit estimates

British Airways-owner IAG reported better-than-expected second-quarter earnings on Friday as it bolstered its...

Published 01 Aug, 2025 11:27am

Stocks

Japan’s Nikkei slips on tech investment concern; Tokyo Electron plunges

TOKYO: Japan’s Nikkei share average slid on Friday, dragged lower by chip-related stocks on rekindled concerns about...

Published 01 Aug, 2025 11:26am

Energy

OGDCL announces oil discovery in Sindh

Discovery made at the exploratory well Chakar–1, located in District Tando Allah Yar

Published 01 Aug, 2025 11:09am

Exchange

Rupee gains further ground against US dollar

Currency settles at 282.72 against US dollar

Updated 01 Aug, 2025 09:35pm

Markets

Sri Lanka to continue discussions with US on trade tariff

COLOMBO: Sri Lanka will continue trade discussions with US officials, the South Asian nation’s treasury secretary...

Published 01 Aug, 2025 11:01am

Stocks

KSE-100 hits all-time high as investors cheer US tariff reduction

Benchmark index closes at over 141,000 for first time in history

Updated 01 Aug, 2025 06:22pm

Business & Finance

US cuts Pakistan tariff to 19% from 29% after trade deal

Revised tariff lower than India's 25%

Updated 01 Aug, 2025 12:26pm

Energy

India’s new wind turbine norms mandate local sourcing, data control

India has introduced stringent norms for wind turbine equipment makers, requiring them to source key components...

Published 01 Aug, 2025 08:32am

Markets

Gold heads for weekly loss on stronger dollar

Gold prices traded flat on Friday, but were on track for a weekly loss as pressure from a stronger dollar outweighed...

Published 01 Aug, 2025 08:27am

Stocks

Indian equity benchmarks to open lower as US unleashes fresh tariffs

Indian benchmarks are likely to open marginally lower on Friday after the U.S. slapped dozens of trading partners...

Published 01 Aug, 2025 08:19am

Forex

Clouds gather over Indian rupee on tariff worries, persistent outflows

MUMBAI: The Indian rupee is expected to open slightly weaker on Friday, with traders expecting the currency to hold...

Published 01 Aug, 2025 08:17am

USA

Trump sets 10% to 41% ‘reciprocal’ tariffs on dozens of countries’ exports

WASHINGTON: President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from...

Published 01 Aug, 2025 08:07am

Forex

Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low

TOKYO: The dollar headed for its best week in almost three years against its major peers, maintaining momentum on...

Published 01 Aug, 2025 08:05am

Industry

LCCI welcomes trade deal with US

LAHORE: The Lahore Chamber of Commerce and Industry has warmly welcomed the newly finalized trade agreement between...

Published 01 Aug, 2025 08:02am

Stocks

Asian shares fall as US unleashes fresh tariffs, jobs data up next

SYDNEY: Asian shares fell on Friday after the U.S. slapped dozens of trading partners with steep tariffs, while...

Published 01 Aug, 2025 08:00am

Energy

Oil falls more than $2 a barrel on worries about OPEC+ supply, US jobs data

Brent crude futures down $2.04, or 2.85%, at $69.66 a barrel

Updated 01 Aug, 2025 09:46pm

Industry

Business community leader assails ‘unpredictable’ tax policies’

KARACHI: The Chairman of the National Business Group Pakistan, the President of the Pakistan Businessmen and...

Published 01 Aug, 2025 07:39am

Industry

Pak pharma sector getting global recognition

LAHORE: Pakistan's pharma sector is getting global recognition due to the support of Special Investment Facilitation...

Updated 01 Aug, 2025 11:02am

Business & Finance

Saving account holders: FIs, NBFIs urged to consider plight

KARACHI: There has been a great demand by the business community to significantly cut the interest rate in the...

Published 01 Aug, 2025 06:34am

Technology

Pak firms ‘71.3pc professionals apprehended risks of cybersecurity’

ISLAMABAD: A leading cyber security company disclosed Thursday that 71.3 percent professionals working in Pakistani...

Published 01 Aug, 2025 06:32am

Business & Finance

‘SBP’s decision to maintain 11pc interest rate harmful to growth’

KARACHI: Syed Aman Shah, Provincial Convener of the Awaam Pakistan Party Balochistan, has strongly criticized the...

Published 01 Aug, 2025 06:31am

Business & Finance

‘True professional & gentleman’: FBATI and KATI back KE CEO

KARACHI: The industrial associations here including Federal B Area Association of Trade & Industry (FBATI) and...