News Archives for Business & Finance - 2025-08-12

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Business & Finance - 2025-08-12

Business & Finance

Sindh minister claims govt to supply electricity cheaper than K-Electric

KARACHI: Sindh government claimed on Tuesday it would soon start supplying electricity to Karachi’s industrial and...

Published 12 Aug, 2025 10:17pm

Business & Finance

PM Shehbaz warns India over water threats, vows firm response if Indus Treaty violated

'New Pakistan' has emerged after Pakistan armed forces defeated India on May 10, premier says

Published 12 Aug, 2025 09:35pm

USA

Trump says may allow lawsuit against Fed chair over renovations

WASHINGTON: President Donald Trump said Tuesday he might allow “a major lawsuit against” the US central bank chief...

Published 12 Aug, 2025 08:54pm

Stocks

Toronto stocks jump as US inflation data keep rate-cut hopes alive

Canada’s main stock index edged higher on Tuesday, as benign U.S. inflation data reinforced expectations for an...

Published 12 Aug, 2025 08:01pm

Stocks

Wall St edges higher after inflation rises moderately in July

Wall Street’s main indexes inched higher on Tuesday after data showed inflation rose broadly in line with...

Published 12 Aug, 2025 07:57pm

Commodities

New York cocoa prices climb while coffee turns lower

LONDON: New York cocoa futures rose on Tuesday, buoyed by fund short-covering against a backdrop of concern over the...

Published 12 Aug, 2025 07:54pm

Business & Finance

India proposes minerals exchange to regulate metals trading

India’s Ministry of Mines has introduced a bill in the lower house of Parliament to establish a national minerals...

Published 12 Aug, 2025 07:47pm

Markets

Launch of new models: car sales in Pakistan jump 28% in July 2025

Pakistan car sales surged 28% on year-on-year (YoY) basis in July 2025, rising to 11,034 units apparently due to...

Published 12 Aug, 2025 07:46pm

Financial

India’s RBI allows ‘vostro’ accounts to invest entire surplus in government securities

BENGALURU: India’s central bank said on Tuesday foreign investors may invest the surplus balance in their so-called...

Published 12 Aug, 2025 07:45pm

Companies

India’s Apollo Hospitals beats estimates for Q1 profit on strong demand

HYDERABAD: India’s Apollo Hospitals Enterprise on Tuesday reported its fifth straight quarterly profit rise, beating...

Published 12 Aug, 2025 07:42pm

Companies

India’s Nykaa posts two-fold rise in quarterly profit on beauty products demand

FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa, posted a quarterly profit on Tuesday...

Published 12 Aug, 2025 06:09pm

Energy

OPEC lifts 2026 oil demand view and trims supply growth from rivals

LONDON: OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in...

Published 12 Aug, 2025 06:06pm

Commodities

Copper buoyed by US-China trade truce extension

LONDON: Copper prices firmed on Tuesday as relief dominated the mood after the United States and China extended...

Published 12 Aug, 2025 05:58pm

Financial

Indian government bonds fall as fiscal fears trigger selloff

MUMBAI: Indian government bonds fell, with yields jumping to a more than four-month high, as fears of mounting...

Published 12 Aug, 2025 05:51pm

Financial

India’s microfinance sector seek up to $2.2 billion credit guarantee support from government, official says

MUMBAI: India’s microfinance industry has sought credit guarantee support of up to 200 billion rupees ($2.2 billion)...

Published 12 Aug, 2025 05:48pm

Companies

Indian refiners using term deals as hedge against Russian supply risk, govt says

NEW DELHI: India’s state oil refiners will continue to use annual contracts to secure oil supplies and hedge against...

Published 12 Aug, 2025 05:46pm

Companies

India’s HMEL plans to shut refinery for 40-day maintenance, sources say

NEW DELHI: India’s HPCL-Mittal Energy Ltd (HMEL) plans to shut its Bathinda oil refinery in the northern Punjab...

Published 12 Aug, 2025 05:33pm

Companies

India’s Hindalco beats quarterly profit view on strong demand at home and abroad

Hindalco Industries, one of India’s largest aluminium and copper producers, reported a better-than-expected...

Published 12 Aug, 2025 05:28pm

Commodities

India’s ethanol drive imperils its push for edible oil self-sufficiency

NASHIK: India’s drive to produce more ethanol is leading its farmers to switch away from growing oilseeds,...

Published 12 Aug, 2025 05:24pm

Business & Finance

CCP 2019 order: Appellate Tribunal grants partial relief to flour mills, upholds Rs35mn fine

The Competition Appellate Tribunal (CAT) upheld the order of the Competition Commission of Pakistan (CCP) against...

Published 12 Aug, 2025 05:22pm

Financial

India’s net direct tax collections fall 4% on year from April-August

NEW DELHI: India’s net direct tax collections fell 4% year-on-year to 6.64 trillion rupees ($75.79 billion) between...

Published 12 Aug, 2025 05:20pm

Commodities

India’s soyoil imports set for record high, palm oil at five-year low

MUMBAI: India’s soyoil imports are poised to surge 60% year-on-year to a record high in 2024/25, as refiners boost...

Published 12 Aug, 2025 05:17pm

Forex

Indian rupee ends flat as market awaits key inflation data in US and India

MUMBAI: The Indian rupee was largely unchanged on Tuesday with traders in “wait and watch” mode awaiting the release...

Published 12 Aug, 2025 05:14pm

Markets

India markets regulator looks to further ease regulations for foreign investors

India’s markets regulator will further simplify regulations for foreign investors to encourage long-term capital...

Published 12 Aug, 2025 05:06pm

South Asia

India’s retail inflation slows to 8-year low of 1.55% in July

NEW DELHI: India’s retail inflation in July eased below 2% for the first time in eight years, on the back of falling...

Published 12 Aug, 2025 05:03pm

Stocks

India’s stock benchmarks inch lower ahead of inflation data

Indian equity benchmarks inched lower on Tuesday as a drop in financials weighed ahead of key U.S. and domestic...

Published 12 Aug, 2025 05:00pm

Stocks

Broad gains lift Sri Lankan shares

CSE All Share index settled up 0.25% at 19,972.79

Published 12 Aug, 2025 04:58pm

Commodities

Palm oil ends higher on Dalian’s strength

JAKARTA: Malaysian palm oil futures closed higher for a third straight session on Tuesday, tracking higher edible...

Published 12 Aug, 2025 04:55pm

Markets

India regulator rejects Anil Ambani’s settlement plea over Yes Bank investments, documents show

MUMBAI: India’s market regulator has rejected a plea by industrialist Anil Ambani to settle charges related to...

Published 12 Aug, 2025 03:40pm

Stocks

FTSE 100 rises after US-China trade truce extension; key economic data in focus

Britain’s blue-chip index rose on Tuesday as an extended U.S.-China tariff truce bolstered investor sentiment, while...

Published 12 Aug, 2025 03:36pm

Currency

SBP partners with Japan’s Soramitsu for digital currency rollout: report

In a major step towards digitisation, the State Bank of Pakistan (SBP) is working with Soramitsu, a Japanese...

Published 12 Aug, 2025 03:12pm

Commodities

Gold price per tola falls Rs500 in Pakistan

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

Updated 12 Aug, 2025 05:59pm

Business & Finance

Pakistan’s exporters urge policy support to capitalise on US tariff cut

Following a significant cut in US reciprocal tariffs from 29% to 19%, Pakistani exporters have urged the government...

Published 12 Aug, 2025 01:20pm

Companies

Bilal Fibres changes name to Zuma Resources Limited

Bilal Fibres Limited announced on Tuesday of changing its name to Zuma Resources Limited. The listed company...

Published 12 Aug, 2025 01:13pm

Stocks

Australian shares touch record high ahead of RBA’s rate decision

Australian shares edged higher and briefly touched a record high on Tuesday, led by banks and discretionary stocks,...

Published 12 Aug, 2025 12:50pm

Business & Finance

Neglected and overlooked: Pakistan’s livestock sector seeks government support

KARACHI: Livestock farmers say their sector has a lot of potential but has been severely neglected by the...

Updated 12 Aug, 2025 04:57pm

Commodities

Copper steady as Sino-US trade truce deadline extended

BEIJING: Copper prices in Shanghai and London held steady on Tuesday as a boost from the extension of the Sino-U.S....

Published 12 Aug, 2025 12:40pm

Commodities

Palm tracks Dalian’s edible oils higher, stronger crude

JAKARTA: Malaysian palm oil futures opened higher on Tuesday, tracking higher edible oil prices at Dalian market,...

Published 12 Aug, 2025 11:56am

Stocks

Japan’s Nikkei rallies to record high, SoftBank surges

TOKYO: Japan’s Nikkei share gauge powered to an all-time high on Tuesday, driven by sharp gains for tech companies...

Published 12 Aug, 2025 11:55am

Forex

Yuan steady as China-US trade extension gives economy more breathing room

SHANGHAI/HONG KONG: China’s yuan held steady against the dollar on Tuesday after Washington and Beijing extended a...

Published 12 Aug, 2025 11:51am

Mutual Funds

Indian bonds muted ahead of domestic, US CPI data

MUMBAI: Indian government bonds traded in a narrow range in early deals on Tuesday, as traders cautiously awaited...

Published 12 Aug, 2025 11:42am

Markets

Australia’s central bank cuts rates to two-year low of 3.60%

SYDNEY: Australia’s central bank on Tuesday cut its main cash rate by a quarter point to a two-year low of 3.60%,...

Published 12 Aug, 2025 11:40am

Commodities

Soybeans slip on expected bumper US harvest as Trump boost fades

SINGAPORE: Chicago soybeans slid on Tuesday, giving up some gains from the previous session, as expectations of a...

Published 12 Aug, 2025 11:32am

Stocks

China stocks rise, Hong Kong steady on extended Sino-US trade truce

HONG KONG: China stocks climbed, while Hong Kong shares remained steady on Tuesday, as the extension of tariff truce...

Published 12 Aug, 2025 11:29am

Stocks

Public holiday: PSX to remain closed on Thursday, August 14

The Pakistan Stock Exchange Limited (PSX) will remain closed on Thursday, August 14, 2025, on account of...

Published 12 Aug, 2025 11:23am

Technology

China urges firms not to use Nvidia’s H20 chips, Bloomberg News reports

Chinese authorities have urged local companies to avoid using Nvidia’s H20 processors, particularly for...

Published 12 Aug, 2025 11:04am

Mutual Funds

JGBs inch down amid caution for US inflation data

TOKYO: Japanese government bonds inched lower on Tuesday as investors awaited a key U.S. consumer inflation report...

Published 12 Aug, 2025 11:02am

Forex

Australia dollar barely blinks at rate cut, more priced in

SYDNEY: The Australian dollar barely budged on Tuesday after the country’s central bank cut interest rates as...

Published 12 Aug, 2025 10:57am

Exchange

Rupee gains further against US dollar

Currency settles at 282.42 against greenback

Updated 12 Aug, 2025 06:38pm

Stocks

KSE-100 closes above 147,000 for first time in history

The Pakistan Stock Exchange (PSX) continued its record-breaking rally as its benchmark KSE-100 Index closed...

Updated 12 Aug, 2025 07:26pm

Stocks

Indian equities set to open flat as traders eye domestic, US inflation data

Indian equity benchmarks are likely to open flat on Tuesday, chiming trends in broader Asian markets, as investors...

Published 12 Aug, 2025 08:29am

Forex

Indian rupee likely to uphold weak bias before US inflation test

MUMBAI: The Indian rupee is likely to open marginally weaker on Tuesday and maintain its downward bias ahead of U.S....

Published 12 Aug, 2025 08:27am

USA

US, China extend tariff truce by 90 days, staving off surge in duties

WASHINGTON/BEIJING: The United States and China on Monday extended a tariff truce for another 90 days, staving off...

Published 12 Aug, 2025 08:20am

Bullion Rate

Gold edges higher with focus on US inflation data

Gold prices nudged higher on Tuesday, after a sharp decline in the previous session, as investors looked forward to...

Published 12 Aug, 2025 08:06am

Forex

Dollar holds gains ahead of inflation data; Aussie awaits RBA

TOKYO: The US dollar held steady on Tuesday, with markets braced for a key consumer inflation report later in the...

Published 12 Aug, 2025 08:04am

Stocks

Asia stocks mostly higher as tariff truce supports sentiment

SINGAPORE: Most Asian stocks rose on Tuesday, buoyed by an extension of a tariff truce between the world’s two...

Published 12 Aug, 2025 08:01am

Energy

Oil prices hold steady as US and China extend tariffs deadline

LONDON: Oil prices were little changed on Tuesday after the United States and China extended a pause on higher...

Updated 12 Aug, 2025 06:37pm

Money & Banking

Asian currencies steady with US data

BENGALURU: Asian currencies held largely steady against a softer dollar on Monday, as investors refrained from ...