News Archives for Business & Finance - 2025-08-06

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Business & Finance - 2025-08-06

Business & Finance

Bankruptcy law reforms to boost industrial stability: SAPM Haroon Akhtar

Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Wednesday said...

Published 06 Aug, 2025 09:08pm

Business & Finance

Pakistan eyes castor cultivation as high-value export crop

Pakistan is exploring the large-scale cultivation of castor as part of efforts to diversify crops, boost exports,...

Published 06 Aug, 2025 08:23pm

Forex

Russian rouble, markets await outcome of Putin-Witkoff meeting

MOSCOW: The Russian rouble and markets held their breath on Wednesday as they awaited the outcome of President...

Published 06 Aug, 2025 07:53pm

Companies

Apple to pledge $100 billion for US manufacturing, White House official says

WASHINGTON: Apple Inc will announce a domestic manufacturing pledge of $100 billion on Wednesday that will focus on...

Published 06 Aug, 2025 07:49pm

Business & Finance

Pakistan, Iraq agree on maritime ferry link to boost trade, tourism

Pakistan and Iraq have agreed to launch a ferry service connecting Umm Qasr Port in Iraq with Gwadar Port in...

Published 06 Aug, 2025 07:23pm

Business & Finance

Trump hikes tariff on India to 50% over ‘oil purchases from Russia’

US president imposes additional 25% tariff on goods from India

Updated 06 Aug, 2025 11:10pm

Middle East

Dubai’s Emaar Properties reports 33% jump in first-half profit

Emaar, Dubai’s largest real estate developer, reported a 33% rise in first-half net profit on Wednesday, driven by a...

Published 06 Aug, 2025 07:04pm

Stocks

Gulf equities end mixed on corporate earnings; Egypt on new record high

Gulf stock markets were mixed on Wednesday as investors assessed a raft of corporate earnings and awaited clarity on...

Published 06 Aug, 2025 06:52pm

Stocks

Sri Lanka shares rebound after two-day drop

CSE All-Share index settled up 0.54% to 19,825.25

Published 06 Aug, 2025 06:48pm

Companies

India’s BHEL posts wider quarterly loss on weak power demand, higher expenses

India’s state-owned Bharat Heavy Electricals Ltd (BHEL) reported a wider first-quarter loss on Wednesday, hurt by...

Published 06 Aug, 2025 06:44pm

Companies

India’s Hero MotoCorp bucks expectations of quarterly profit fall on export growth

Hero MotoCorp, India’s top two-wheeler maker by sales, reported a slight increase in first-quarter profit on...

Updated 06 Aug, 2025 06:45pm

Companies

China’s Alibaba to exit India’s Eternal via block deal, CNBC-Awaaz reports

China’s Alibaba Group is likely to exit India’s Eternal in a block deal valued at 53.75 billion rupees ($613...

Published 06 Aug, 2025 06:03pm

Forex

Sterling holds steady ahead of BoE rate decision

LONDON: The pound traded mostly steady on Wednesday, as traders marked time ahead of a Bank of England meeting, and...

Published 06 Aug, 2025 05:47pm

Markets

India central bank issues final co-lending framework effective January 2026

MUMBAI: India’s central bank published final rules for co-lending arrangements between banks and non-bank financial...

Published 06 Aug, 2025 05:27pm

Markets

RBI’s inflation, growth outlook may mean end of easing cycle, some analysts say

MUMBAI: The Reserve Bank of India’s inflation and growth outlook suggest the current policy rate may mark the end of...

Published 06 Aug, 2025 05:24pm

Markets

India central bank seeks to expand availability of credit enhancement facilities for bonds

MUMBAI: The Reserve Bank of India is seeking to expand the availability of credit enhancement facilities for...

Published 06 Aug, 2025 05:18pm

Financial

RBI status quo on rates triggers India bonds sell-off; 10-year yield jumps most in 2 years

MUMBAI: India’s 10-year benchmark bond yield jumped the most in nearly two years on Wednesday, as traders who...

Published 06 Aug, 2025 05:15pm

Companies

Indian drugmaker Divi’s misses June-quarter profit view on weak US pricing

India’s Divi’s Laboratories reported first-quarter profit below estimates on Wednesday, as manufacturers producing...

Published 06 Aug, 2025 05:09pm

Companies

India’s Bajaj Auto beats profit view on exports boost

Indian automaker Bajaj Auto beat quarterly profit estimates on Wednesday, helped by an boost in exports as it...

Published 06 Aug, 2025 05:05pm

South Asia

India braces for hit to $64bn US exports amid rising tensions with Washington

NEW DELHI: India expects to lose a competitive advantage in about $64 billion worth of goods exported to the U.S....

Published 06 Aug, 2025 05:02pm

Companies

India’s Pidilite posts higher quarterly profit on strong demand; announces bonus issue

India’s Pidilite Industries reported an 18.6% jump in first-quarter profit on Wednesday on healthy demand for its...

Published 06 Aug, 2025 04:57pm

Companies

India’s Jindal Stainless posts quarterly profit rise on strong domestic demand

India’s Jindal Stainless reported an 11% rise in first-quarter profit on Wednesday, helped by strong local demand....

Published 06 Aug, 2025 04:53pm

Companies

India’s PVR Inox loss more than halves as ‘F1’, other hits draw moviegoers

India’s PVR Inox reported a sharply narrower quarterly loss on Wednesday as a strong box office slate, including...

Published 06 Aug, 2025 04:50pm

Companies

India’s two state-run firms to issue over $500mn of debt in August, sources say

MUMBAI: Indian state-run companies NHPC and NTPC Green Energy will raise around 45 billion rupees (about $512.6...

Published 06 Aug, 2025 04:45pm

Companies

India’s IOC buys Nigerian crude for September delivery, sources say

SINGAPORE: Indian Oil Corp (IOC), India’s top refiner, has bought one million barrels of Nigeria’s Agbami crude oil...

Published 06 Aug, 2025 04:39pm

Companies

Cnergyico announces key appointments

Pakistan’s largest refiner Cnergyico announced on Wednesday key appointments made by the board at its meeting held...

Published 06 Aug, 2025 04:38pm

Commodities

Indian power plants tap stockpiles, cut purchases as coal use slides

SINGAPORE/NEW DELHI: India’s power plants are withdrawing more coal from record high inventories and slashing fresh...

Published 06 Aug, 2025 04:37pm

Markets

India central bank group recommends keeping call money rate as operative target, governor says

MUMBAI: An internal working group of the Reserve Bank of India has recommended keeping the overnight weighted...

Published 06 Aug, 2025 04:30pm

Markets

India holds rates as expected but flags risks from US tariffs

MUMBAI: India’s central bank held key interest rates steady on Wednesday as expected, saying the economy remains...

Published 06 Aug, 2025 04:25pm

Financial

India’s FX reserves drop $9bn to about $689 billion, reflecting tariff-driven rupee defence

MUMBAI: India’s foreign exchange reserves fell to $688.9 billion as of August 1, Reserve Bank of India Governor...

Published 06 Aug, 2025 04:19pm

Commodities

Coal India liberalises long-term supply deals to allow power sale on exchanges

SINGAPORE: State-run Coal India has allowed utilities to sell power generated from fuel supplied under long-term...

Published 06 Aug, 2025 04:16pm

Forex

India rupee rises on RBI rate pause, but US tariff pressure persists

MUMBAI: The Indian rupee edged higher on Wednesday, helped by the central bank keeping its key rate steady, though...

Published 06 Aug, 2025 04:12pm

Stocks

Indian shares fall after RBI rate pause, US tariff threat

Indian shares fell on Wednesday, dragged by rate-sensitive stocks after the central bank held key rates and...

Published 06 Aug, 2025 04:08pm

Commodities

Copper lifted by rate cut hopes, Chile supply worries

LONDON: Copper prices edged higher on Wednesday, supported by hopes for U.S. rate cuts and persistent supply...

Published 06 Aug, 2025 04:06pm

Commodities

Palm falls on sluggish demand; gains in Dalian rival oils cap losses

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday as sluggish demand from key markets pressured prices,...

Published 06 Aug, 2025 04:04pm

Business & Finance

US tariff relief offers boost, but Pakistan’s high production costs still hamper exports

The United States has lowered its reciprocal tariff rate on Pakistani goods to 19%, compared to the 20–25% imposed...

Updated 06 Aug, 2025 11:12pm

Business & Finance

Govt approves key appointments in TCP, PRCL

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved several key board-level appointments on...

Updated 06 Aug, 2025 11:18pm

Bullion Rate

Gold price per tola gains Rs1,300 in Pakistan

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

Published 06 Aug, 2025 03:14pm

Companies

Pakistan’s can-maker enhances production capacity

Pakistan Aluminium Beverage Cans Limited (PABC) has completed its debottlenecking and capacity enhancement project,...

Published 06 Aug, 2025 03:13pm

Technology

Govt urged to establish regulatory cell for IT and freelancers

Stakeholders from the IT industry and freelancers’ community have proposed that the government establish a dedicated...

Published 06 Aug, 2025 02:19pm

Stocks

European shares rise as investors buy dips, shrug off US tariff threats

European shares extended gains on Wednesday as investors bought into recent market weakness, brushing aside fresh...

Published 06 Aug, 2025 01:53pm

Markets

Honda posts 50% fall in Q1 operating profit on tariffs, lifts full-year forecast

TOKYO: Honda Motor reported a 50% drop in first-quarter operating profit on Thursday, as a stronger yen and the...

Published 06 Aug, 2025 12:27pm

Business & Finance

DP World to build Pakistan Mart in UAE at zero cost

In a major step towards boosting Pakistani exports, a delegation from National Logistics Corporation (NLC) and DP...

Updated 06 Aug, 2025 04:16pm

Markets

Cathay Pacific orders 14 more 777X jets, half-year profit ticks higher

Hong Kong’s Cathay Pacific Airways on Wednesday ordered 14 more Boeing 777-9 jets and reported a 1% increase in...

Published 06 Aug, 2025 11:40am

Markets

Thailand records another negative inflation reading in July

BANGKOK: Thailand’s annual inflation rate was negative for a fourth straight month in July, driven by price drops in...

Published 06 Aug, 2025 11:37am

Mutual Funds

Vietnam raises $166.9mn in government bond auction

HANOI: Vietnam’s State Treasury raised 4.38 trillion dong ($166.9 million) in a weekly government bond auction on...

Published 06 Aug, 2025 11:27am

Commodities

Philippines to suspend rice imports for 60 days from September

MANILA: The Philippines will suspend rice imports for 60 days from September 1, the communications minister said on...

Published 06 Aug, 2025 11:26am

Markets

Commerzbank posts profit drop on restructuring costs but raises targets

FRANKFURT: Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, said on Wednesday that net...

Published 06 Aug, 2025 11:24am

Markets

OpenAI eyes $500 billion valuation in potential employee share sale, source says

ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and...

Published 06 Aug, 2025 11:23am

Mutual Funds

India bond yields flat, traders await central bank guidance for directional triggers

MUMBAI: Indian government bond yields were unmoved in early deals on Wednesday ahead of the Reserve Bank of India’s...

Published 06 Aug, 2025 11:21am

Business & Finance

UAE’s AD Ports Group eyes industrial zone near Karachi, expands presence in Pakistan

AD Ports Group, a UAE-based logistics company, is exploring the development of a new industrial zone near Pakistan’s...

Published 06 Aug, 2025 11:20am

Commodities

London copper gains on Chile supply woes, but rising stocks cap upside

London copper prices edged higher on Wednesday after an accident at the top producer Codelco’s Chilean mine raised...

Published 06 Aug, 2025 11:20am

Stocks

Mainland China, Hong Kong stocks edge higher on hopes for Sino-US trade deal

SHANGHAI/SINGAPORE: Mainland China and Hong Kong stocks edged higher on Wednesday, underpinned by market hopes for...

Published 06 Aug, 2025 11:18am

Bullion Rate

Gold inches lower as dollar gains, markets await Fed appointments

Gold prices edged lower on Wednesday due to a slightly firmer dollar, while investors held back from making big bets...

Published 06 Aug, 2025 11:15am

Commodities

Iron ore drifts lower as investors shift focus to coking coal

BEIJING: Iron ore futures ticked down on Wednesday, as concerns of demand languishing in coming weeks in top...

Published 06 Aug, 2025 11:14am

Commodities

Wheat holds just above five-year lows amid speculator selling

CANBERRA: Chicago wheat futures steadied just above five-year lows on Wednesday, after plunging around 7% in the...

Published 06 Aug, 2025 11:12am

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.17% lower at 32.38 versus the dollar

Published 06 Aug, 2025 11:11am

Forex

Yuan edges lower in tight trade as investors await trade data, monitor Sino-US ties

SHANGHAI: China’s yuan softened against a steady U.S. dollar on Wednesday, trading in tight ranges as investors...

Published 06 Aug, 2025 11:10am

Forex

Australia, NZ dollars edge away from lows, jobs data no worse than expected

SYDNEY: The Australian and New Zealand dollars inched further away from multi-week lows on Wednesday as their U.S....

Published 06 Aug, 2025 11:09am

Stocks

Miners, banks propel Australian shares to record high; RBA outlook in focus

Australian shares rose to a record peak on Wednesday, supported by strong performances among miners and banks, while...

Published 06 Aug, 2025 11:08am

Commodities

Palm falls as traders await key supply-demand data

KUALA LUMPUR: Malaysian palm oil futures opened lower on Wednesday, as the market looked for more cues from the...

Published 06 Aug, 2025 10:56am

Stocks

Japan’s Nikkei rises as US economic worries recede

TOKYO: Japan’s Nikkei share average reversed early losses to trade higher on Wednesday, as concerns about the U.S....

Published 06 Aug, 2025 10:55am

Stocks

Pakistan rupee snaps two-week rally against US dollar

Currency settles at 282.67 against greenback

Updated 06 Aug, 2025 11:13pm

Stocks

PSX’s new high: KSE-100 Index settles above 145,000

Benchmark index closes positive for sixth consecutive session

Updated 06 Aug, 2025 06:09pm

Markets

South Korea says timing of US tariff cut on autos not decided

SEOUL: South Korea’s Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions...

Published 06 Aug, 2025 08:46am

Markets

US to initially impose ‘small tariff’ on pharma imports, Trump says

WASHINGTON: President Donald Trump said on Tuesday that the United States would initially place a “small tariff” on...

Published 06 Aug, 2025 08:42am

Stocks

Indian shares set to open flat ahead of RBI policy decision

Indian shares are set to open little changed on Wednesday ahead of the Reserve Bank of India’s (RBI) policy...

Published 06 Aug, 2025 08:35am

Forex

Dollar drifts as investors await Fed governor replacement

SINGAPORE: The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S....

Published 06 Aug, 2025 08:25am

Forex

US tariff threat to keep Indian rupee on the ropes ahead of RBI rate call

MUMBAI: The Indian rupee is likely to remain under pressure ahead of the central bank’s interest rate decision on...

Published 06 Aug, 2025 08:19am

Stocks

Asian shares track Wall Street lower, dollar rangebound

SYDNEY: Asian shares slipped along with Wall Street on Wednesday, after weak U.S. data highlighted the damage...

Published 06 Aug, 2025 08:12am

Energy

Oil rebounds on Trump threats on Russian crude buyers

Brent crude futures gained $1.11, or 1.6%, to $68.75 a barrel

Updated 06 Aug, 2025 05:31pm

Pakistan

Pakistan, Finland agree to promote trade, cooperation

ISLAMABAD: Pakistan–Finland Parliamentary Friendship Group convened consultative session on Tuesday to promote...