News Archives for Business & Finance - 2025-08-11

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Business & Finance - 2025-08-11

Companies

Bata India’s quarterly profit drops on sluggish footwear sales, higher costs

Footwear retailer Bata India reported a drop in first-quarter adjusted profit on Monday, hurt by higher costs and as...

Published 11 Aug, 2025 08:44pm

Business & Finance

Govt panel proposes major changes to Companies Act 2017

A high-level subcommittee on regulatory reforms has recommended significant amendments to the Companies Act 2017 to...

Published 11 Aug, 2025 08:19pm

Markets

Sugar crisis: Finance minister Aurangzeb, CCP chairman Sidhu discuss ways to stabilise market

Competition Commission of Pakistan (CCP) chairman Kabir Ahmed Sidhu briefed Finance Minister Muhammad Aurangzeb...

Updated 11 Aug, 2025 10:47pm

Stocks

Gulf shares mixed on corporate earnings, US inflation

Stock markets in the Gulf were mixed on Monday as investors weighed earnings reports while awaiting key U.S....

Published 11 Aug, 2025 07:17pm

Africa

Kenya taps development banks for airport expansion after ditching Adani deal

NAIROBI: Kenya has invited international development lenders to finance a $2 billion expansion of its main airport...

Published 11 Aug, 2025 05:41pm

Financial

India bonds dip as traders trim bets before CPI data

MUMBAI: Indian government bonds fell for a second straight session on Monday, as wary traders who bought heavily at...

Published 11 Aug, 2025 05:37pm

Markets

Barrick not acting as facilitator between Pakistan, Saudi Arabia for Reko Diq project, says CEO

Gold Council awaiting US clarity on gold bar tariffs, Mark Bristow says

Updated 11 Aug, 2025 07:01pm

South Asia

Air India to suspend Delhi-Washington services from September

Airline cites aircraft shortage due to planned upgrades to ageing Boeing planes and closure of Pakistan’s airspace

Published 11 Aug, 2025 05:28pm

Companies

Indian alloy steel producers file anti-dumping plea against Chinese steel, executive says

NEW DELHI: The Indian alloy steel producers’ association has filed an anti-dumping petition with the federal trade...

Published 11 Aug, 2025 05:18pm

Financial

Corporate bond fundraising in India set to hit new highs as firms chase low-cost capital

MUMBAI: India’s record run in corporate bond issuance is expected to continue through August, as higher-rated...

Published 11 Aug, 2025 05:14pm

Financial

Indian equity MF inflows soar to record high in July

Fund flows into India’s equity mutual funds soared to a record last month, industry data showed on Monday, as local...

Published 11 Aug, 2025 05:07pm

Forex

Indian rupee ends flat as importer dollar demand offsets early gains

MUMBAI: The Indian rupee closed unchanged on Monday, as dollar demand from importers offset early gains driven by a...

Published 11 Aug, 2025 05:04pm

Business & Finance

India plans credit guarantees for small firms, exporters hit by US tariffs, sources say

NEW DELHI: India is planning to provide credit guarantees for loans overdue up to 90 days to small businesses and...

Published 11 Aug, 2025 05:01pm

Stocks

Indian shares gain ahead of US-Russia talks; SBI, Tata Motors rise post earnings

India’s equity benchmarks started the week on a positive note, led by post-earnings gains in State Bank of India and...

Published 11 Aug, 2025 04:34pm

Stocks

Consumer staples, IT lift Sri Lankan shares higher

CSE All-Share index settled up 0.49% at 19,923.02

Published 11 Aug, 2025 04:31pm

Commodities

Copper prices steady as supply concerns ease

LONDON: Copper prices were steady on Monday as Chile allowed mining to resume at Codelco’s El Teniente mine and the...

Published 11 Aug, 2025 04:28pm

Commodities

Palm closes over 3% higher following crucial data announcement

JAKARTA: Malaysian palm oil futures closed more than 3% up, its highest close since April 3, after Malaysia Palm Oil...

Published 11 Aug, 2025 04:26pm

Money & Banking

SBP to remain closed on Thursday, August 14

The State Bank of Pakistan (SBP) on Monday said it will remain closed on Thursday, August 14, 2025, in observance of...

Published 11 Aug, 2025 03:16pm

Pakistan

Pakistan, US finalising trade deal, Kayani tells Bloomberg

Pakistan and US officials are currently in discussions to finalise the finer details of a trade deal that includes...

Updated 11 Aug, 2025 10:47pm

Markets

India estimates about 55% of goods exported to US will face Trump tariff

MUMBAI: About 55% of India’s merchandise exports to the United States will be subject to the tariff imposed by...

Updated 11 Aug, 2025 10:46pm

Mutual Funds

Euro zone yields steady ahead of fraught week

LONDON: Euro zone bond yields opened steady on Monday ahead of a week packed with event risk, including a summit on...

Published 11 Aug, 2025 02:14pm

Forex

South African rand starts week firmer before local manufacturing figures

JOHANNESBURG: The South African rand gained in early trade on Monday ahead of the release of domestic manufacturing...

Published 11 Aug, 2025 02:12pm

Stocks

Russian stocks climb to over three-month high ahead of Putin-Trump talks

Russian stocks climbed to over three-month highs on Monday on hopes that a meeting this week between U.S. President...

Published 11 Aug, 2025 02:10pm

Markets

Goodyear India’s first-quarter profit falls on weak auto demand

Tyremaker Goodyear India reported a 43.6% fall in first-quarter profit on Monday, hurt by dampened automobile...

Published 11 Aug, 2025 02:06pm

Stocks

Gulf shares muted on lower corporate earnings; US inflation in focus

Stock markets in the Gulf were subdued in Monday, as investors remained cautious ahead of U.S. July inflation data,...

Published 11 Aug, 2025 02:05pm

Business & Finance

Pakistan, Turkmenistan eye stronger trade & energy ties

Turkmenistan has invited Pakistan to participate in its Investment Forum (TIF) in Ashgabat next month, as the two...

Published 11 Aug, 2025 02:02pm

Companies

LSE Capital acquires 10% stake in Jamshoro Joint Venture Limited

LSE Capital Limited announced on Monday that it had acquired 10% shares of Jamshoro Joint Venture Limited (JJVL)....

Published 11 Aug, 2025 01:59pm

Commodities

Philippines bought around 50,000 metric tons of feed wheat from Australia, traders say

HAMBURG: An importer group in the Philippines is believed on Friday to have bought around 50,000 metric tons of...

Published 11 Aug, 2025 01:40pm

Stocks

European shares extend gains ahead of US-Russia talks

European shares rose on Monday, extending the strong momentum from last week on optimism over a potential Ukraine...

Published 11 Aug, 2025 01:38pm

Energy

Saudi crude oil supply to China set to fall in September, sources say

SINGAPORE: Saudi Arabia’s crude oil exports to China are set to fall in September, slipping from a more than...

Published 11 Aug, 2025 01:37pm

Financial

Gold price per tola drops Rs3,600 in Pakistan

Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local...

Published 11 Aug, 2025 01:33pm

Markets

Pakistan gets offers in 100,000 metric tons white sugar tender, traders say

HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of sugar on...

Published 11 Aug, 2025 01:30pm

Companies

Mari Energies profit falls 15% in FY25 amid lower revenue, higher costs

Mari Energies Limited posted a profit-after-tax (PAT) of Rs65.38 billion in the fiscal year 2025 (FY25), a decline...

Published 11 Aug, 2025 11:55am

Commodities

Soybeans rise after Trump says he wants China to buy more US beans

CANBERRA: Chicago soybean prices rose more than 2% on Monday after U.S. President Donald Trump said he hoped China...

Published 11 Aug, 2025 11:35am

Mutual Funds

Philippines awards $439mn T-bill offer

Tenders total 94.9 billion pesos

Published 11 Aug, 2025 11:34am

Stocks

Australian shares hit record high as lithium miners soar

Australian shares rose to a record high on Monday as lithium stocks led index heavyweight miners higher following a...

Published 11 Aug, 2025 11:32am

Commodities

Malaysia’s palm oil stocks at highest in nearly 2 years, says MPOB

KUALA LUMPUR: Malaysia’s palm oil tocks rose to their highest level in almost two years in July, increasing 4.02%...

Published 11 Aug, 2025 11:31am

Forex

Yuan holds soft tone ahead of Sino-US tariff deadline

SHANGHAI: China’s yuan slipped against the dollar on Monday, trading within tight ranges ahead of more clarity on...

Published 11 Aug, 2025 11:30am

Commodities

Copper hits over one-week high on softer dollar, China demand hopes

BEIJING: Copper futures climbed on Monday to hit their highest in more than a week, aided by a softer dollar and...

Published 11 Aug, 2025 11:29am

Mutual Funds

India bonds rangebound ahead of state debt supply, CPI data

MUMBAI: Indian government bonds traded in a narrow range in early deals on Friday, as traders awaited the state debt...

Published 11 Aug, 2025 11:28am

Stocks

China, Hong Kong stocks edge higher ahead of tariff deadline

HONG KONG: China and Hong Kong stocks rose on Monday, with investors focused on whether the U.S.-China trade truce...

Published 11 Aug, 2025 11:27am

Commodities

Iron ore rises on China restocking demand

SINGAPORE: Prices of iron ore futures rose on Monday, supported by strong restocking demand from steel mills in...

Published 11 Aug, 2025 11:26am

Stocks

South Korean shares flat on caution ahead of US inflation data

The benchmark KOSPI was up 2.20 points, or 0.07%, at 3,212.21

Published 11 Aug, 2025 11:25am

Forex

Australian dollar holds steady ahead of expected rate cut, kiwi flat

SYDNEY: The Australian dollar held gains on Monday, with markets bracing for a central bank policy meeting this week...

Published 11 Aug, 2025 11:21am

Stocks

KSE-100 soars to all-time peak amid investor optimism

Benchmark index settles near 147,000 level

Updated 11 Aug, 2025 06:16pm

Exchange

Rupee gains further ground against US dollar

Currency settles at 282.45 against greenback

Updated 11 Aug, 2025 06:44pm

Companies

From cement to copper: Lucky Cement ramps up mining investment in Balochistan

Lucky Cement Limited, one of Pakistan’s largest cement makers, has announced plans to invest up to Rs1.2 billion in...

Published 11 Aug, 2025 09:59am

Bullion Rate

Gold slips as easing geopolitical tensions weigh; US inflation data in focus

Gold slipped on Monday as signs of easing geopolitical risks weighed on its safe-haven demand, with markets now...

Published 11 Aug, 2025 08:38am

Markets

Nvidia, AMD to pay 15% of China chip sale revenues to US, official says

Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips...

Published 11 Aug, 2025 08:17am

Forex

Indian rupee outlook hinges on US tariffs, RBI action; bonds to track inflation data

MUMBAI: The Indian rupee’s trajectory will depend on developments around U.S. tariffs and the Reserve Bank of...

Published 11 Aug, 2025 08:13am

Stocks

Indian equity benchmarks to open higher; US tariffs continue to weigh

India’s equity benchmarks are likely to open marginally higher on Monday, after posting a sixth straight weekly...

Published 11 Aug, 2025 08:10am

Forex

Dollar steady before inflation report, US-China tariff deadline

SINGAPORE: The US dollar stabilised on Monday after last week’s losses, as markets await Tuesday’s key US CPI report...

Published 11 Aug, 2025 08:07am

Stocks

Shares edge up in Asia, US inflation data looms large

SYDNEY: Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in...

Published 11 Aug, 2025 08:03am

Energy

Oil steadies ahead of US-Russia talks

HOUSTON: Oil prices steadied on Monday, after falling more than 4% last week, as investors looked towards talks this...

Updated 11 Aug, 2025 09:05pm

Commodities

Prices of essential food items soar

PESHAWAR: Prices of essential food commodities, including vegetables, live chicken/meat, flour, pulses, cooking...

Published 11 Aug, 2025 07:15am

Business & Finance

FWCCI hails withdrawal of tax measures by FBR

FAISALABAD: Rubina Amjad, Founder President FWCCI & UBG Leader and Shahida Aftab, President FWCCI have...

Published 11 Aug, 2025 07:14am

Business & Finance

TDAP organises series of seminars to boost maize exports

KARACHI: The Trade Development Authority of Pakistan (TDAP) announced a series of specialized seminars aimed at...