News Archives for Business & Finance - 2025-08-13

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Business & Finance - 2025-08-13

Money & Banking

Pakistan economy in ‘better position’ to manage domestic risks, external shocks, says SBP

State Bank of Pakistan releases its first-ever biannual Monetary Policy Report

Published 13 Aug, 2025 09:57pm

Business & Finance

ECC approves industrial estate at PSM land, leather export facilitation

The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved several key economic...

Published 13 Aug, 2025 09:39pm

Stocks

TSX climbs to record peak on Fed rate cut hopes

Canada’s main stock index scaled an all-time high on Wednesday, bolstered by ongoing optimism surrounding a...

Published 13 Aug, 2025 09:27pm

Stocks

S&P 500, Nasdaq rise to record highs on September rate cut hopes

The benchmark S&P 500 and the Nasdaq hit record highs on Wednesday, underpinned by gains in megacap companies as...

Published 13 Aug, 2025 09:25pm

Technology

India’s Infosys to buy 75% stake in Telstra unit for $153 million

Indian IT services company Infosys said on Wednesday that it would take a 75% stake in Versent Group, a wholly owned...

Published 13 Aug, 2025 09:22pm

Commodities

Pakistan buys about 55,000 tons white sugar in tender, traders say

HAMBURG: Pakistan’s state trading agency TCP is believed to have purchased about 55,000 metric tons of white sugar...

Published 13 Aug, 2025 09:16pm

Companies

Highnoon Laboratories, Beximco Pharmaceuticals partner to help transform healthcare in Pakistan

Highnoon Laboratories Limited has announced a partnership with Beximco Pharmaceuticals Limited, a pharmaceutical...

Published 13 Aug, 2025 07:21pm

Commodities

Wheat up 1-2 cents, corn up 1-2, soybeans up 10-12

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

Published 13 Aug, 2025 07:14pm

Commodities

Coffee gains as investors continue to assess US tariffs, Brazil weather

LONDON: Coffee futures on ICE gained on Wednesday with investors continuing to assess the impact of steep U.S....

Published 13 Aug, 2025 07:08pm

Stocks

Gulf bourses mixed on weaker corporate earnings, Fed rate cut hopes

Gulf equities closed mixed on Wednesday, with Dubai and Abu Dhabi stock markets falling, as a raft of corporate...

Published 13 Aug, 2025 07:04pm

Financial

Saudi Arabia’s sovereign wealth fund says AI embedded across every layer of organization

DUBAI: Saudi Arabia’s nearly $1 trillion sovereign wealth fund said on Wednesday artificial intelligence and...

Published 13 Aug, 2025 07:00pm

Markets

India central bank committee recommends AI framework for finance sector

MUMBAI: A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the...

Published 13 Aug, 2025 06:56pm

Markets

What does Moody’s upgraded rating signify for Pakistan?

Moody’s Ratings upgraded on Wednesday Pakistan’s long-term sovereign credit rating to Caa1 from Caa2, citing...

Updated 13 Aug, 2025 10:36pm

Companies

Insignia season end sale with discounts of up to 50%

Luxury footwear and accessories brand Insignia has officially launched its season-end sale, giving fashion lovers...

Updated 13 Aug, 2025 06:40pm

Companies

Doo Prime reveals new identity to lead the future of fintech

Doo Prime, a trusted global financial services provider with over a decade of market presence, proudly announces a...

Published 13 Aug, 2025 05:46pm

South Asia

India, US nuclear regulators meet to boost cooperation

NEW DELHI: India’s Atomic Energy Regulatory Board (AERB) said it held a bilateral technical meeting with the U.S....

Published 13 Aug, 2025 05:25pm

Stocks

Sri Lankan shares end flat as industrial stocks counter gains in communication, health

CSE All Share index settled up 0.01% at 19,975.5

Published 13 Aug, 2025 05:07pm

Forex

Sterling edges up to highest level since July on rate outlook

LONDON: The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced...

Published 13 Aug, 2025 05:02pm

Financial

India bond yields dip on buying by state-run banks, short covering

MUMBAI: Indian government bond yields ended lower on Wednesday after rising for three straight sessions, as a breach...

Published 13 Aug, 2025 04:58pm

Companies

Domino’s India operator beats quarterly profit view on strong delivery demand

Domino’s India operator Jubilant Foodworks beat first-quarter profit estimates by a wide margin on Wednesday as...

Published 13 Aug, 2025 04:53pm

Companies

China to continue anti-dumping tariff on Indian fibre optic products

BEIJING: China’s commerce ministry will continue with anti-dumping tariffs of up to 30.6% on single-mode optical...

Published 13 Aug, 2025 04:47pm

Companies

Lilly launches Mounjaro pen in India at $160 for starting dose, stepping up Novo rivalry

Eli Lilly on Wednesday launched the easy-to-use injector pen of its blockbuster weight-loss drug Mounjaro for 14,000...

Published 13 Aug, 2025 04:40pm

Financial

India’s Muthoot Finance beats quarterly profit view on strong loan growth

BENGALURU: Indian gold loan financier Muthoot Finance reported a bigger-than-expected 90% surge in first-quarter...

Published 13 Aug, 2025 04:37pm

Financial

India markets regulator proposes to add algo trading into stock broker regulations

MUMBAI: India’s markets regulator on Wednesday proposed to include new market practises such as algorithmic trading...

Published 13 Aug, 2025 04:33pm

South Asia

India set to allow its private firms to mine and import uranium to help nuclear expansion

NEW DELHI: India aims to allow private firms to mine, import and process uranium as part of plans to end a...

Published 13 Aug, 2025 04:31pm

Forex

Indian rupee rises the most in a month on broad dollar weakness

MUMBAI: The Indian rupee gained the most in more than a month on Wednesday as softer U.S. inflation data bolstered...

Published 13 Aug, 2025 04:24pm

Stocks

Indian shares track global rally on US rate cut hopes

Indian shares rose on Wednesday, tracking a global rally, as mild U.S. inflation data boosted rate cut hopes and...

Published 13 Aug, 2025 04:22pm

Commodities

Weaker dollar, improved trade sentiment support copper

LONDON: Copper prices edged up on Wednesday as a weaker dollar helped to extend the support gained from this week’s...

Published 13 Aug, 2025 04:19pm

Commodities

Palm rises after China announced duty on canola imports from Canada

JAKARTA: Malaysian palm oil futures closed higher on Wednesday, extending gains to a fourth straight session, on the...

Published 13 Aug, 2025 04:16pm

Commodities

Gold price per tola decreases Rs200 in Pakistan

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

Updated 13 Aug, 2025 06:59pm

Business & Finance

Moody’s upgrades Pakistan’s ratings to Caa1, changes outlook to stable

Rating reflects Pakistan’s improving external position, says credit rating agency

Updated 13 Aug, 2025 07:50pm

Companies

Crescent Star Insurance eyes 38% stake in SG Power Limited

Crescent Star Insurance Limited (CSIL) plans to acquire approximately 6.78 million shares, representing 38.05% of...

Published 13 Aug, 2025 02:35pm

Energy

Mughal Energy completes hydro testing of 36.5MW hybrid power plant

Mughal Energy announced on Thursday that its 36.50 MW Hybrid Power Plant has entered the final stages following the...

Published 13 Aug, 2025 01:26pm

Stocks

European shares rise on Fed rate cut hopes

European shares advanced on Wednesday, with technology and defence stocks leading gains, as global mood remained...

Published 13 Aug, 2025 01:03pm

Markets

Jaguar Land Rover to recall over 121,500 US vehicles due to suspension knuckle issue, NHTSA says

Tata Motors-owned Jaguar Land Rover is recalling more than 121,500 vehicles in the United States due to cracked...

Published 13 Aug, 2025 01:01pm

Markets

Finance Minister Aurangzeb optimistic on policy rate cut

Says government reforms praised by S&P and Fitch, with hopes Moody’s will follow suit

Updated 13 Aug, 2025 10:36pm

Markets

Dubai developers bring construction in-house as demand surges

DUBAI: In a city famed for transforming desert into skyline, developers are taking the building process into their...

Published 13 Aug, 2025 12:26pm

Mutual Funds

Thai baht/US dollar weaker on Wednesday

The baht was 0.22% lower at 32.38 versus the dollar

Published 13 Aug, 2025 11:55am

Commodities

Shanghai copper gains as prospects of US rate cut lift sentiment

BEIJING: Shanghai copper prices ticked up on Wednesday as US inflation data backed expectations for a Federal...

Published 13 Aug, 2025 11:53am

Stocks

South Korean shares track Wall Street’s record peak on soft US inflation data

SEOUL: Round-up of South Korean financial markets: South Korean shares climbed on Wednesday, tracking Wall Street’s...

Published 13 Aug, 2025 11:43am

Business & Finance

US tariff cuts open new doors for Pakistan’s auto sector, says Kamal

With the recent US tariff reduction opening fresh opportunities for Pakistani auto exports, Minister of Commerce Jam...

Updated 13 Aug, 2025 10:36pm

Commodities

Palm rises for fourth day on Dalian’s edible oil strength

JAKARTA: Malaysian palm oil futures opened higher on Wednesday, extending gains to a fourth straight session, as the...

Published 13 Aug, 2025 11:40am

Commodities

Iron ore edges higher on output curbs, tight global supply

SINGAPORE: Iron ore futures prices edged higher on Wednesday, supported by reports of steel production curbs in...

Published 13 Aug, 2025 11:38am

Mutual Funds

JGBs fall after weakest auction in 5 years spurs sell-off

TOKYO: Japanese government bonds dropped on Wednesday after a five-year bond auction drew the weakest demand in more...

Published 13 Aug, 2025 11:30am

Mutual Funds

Vietnam raises $134.5mn in govt bond auction

HANOI: Vietnam’s State Treasury raised 3.53 trillion dong ($134.5 million) in a weekly government bond auction on...

Published 13 Aug, 2025 11:26am

Forex

Yuan steady as dollar slips on US rate cut bets; China data eyed

SHANGHAI: China’s yuan held steady against the dollar on Wednesday, as the greenback weakened overnight on growing...

Published 13 Aug, 2025 11:24am

Stocks

Shanghai stocks hit over 3-1/2-year high on Fed rate-cut hopes

SHANGHAI/SINGAPORE: Mainland China and Hong Kong stocks rose for a third consecutive session on Wednesday, with the...

Published 13 Aug, 2025 11:21am

Mutual Funds

India bond yields open sharply lower, traders cite erroneous trade

MUMBAI: The 10-year benchmark government bond yield opened sharply lower at 6.3911% on Wednesday, after a stray deal...

Published 13 Aug, 2025 11:10am

Business & Finance

What falling out with the US means for India

At the start of this year, relations between India and the United States appeared to be on an upward trajectory. In...

Updated 13 Aug, 2025 05:21pm

Commodities

Corn rises after deep losses; record supplies to cap gains

SINGAPORE: Chicago corn futures inched higher on Wednesday, with bargain buying lifting prices following the...

Published 13 Aug, 2025 11:01am

Stocks

Banks drag Australian shares lower, CBA tumbles nearly 5%

Australian shares fell on Wednesday from a record close scaled in the previous session, as Commonwealth Bank of...

Published 13 Aug, 2025 10:58am

Forex

Australia, NZ dollars find support in US rate cut wagers

SYDNEY: The Australian and New Zealand dollars consolidated quietly on Wednesday as mounting expectations of a US...

Published 13 Aug, 2025 10:54am

Companies

Gatron Industries withdraws scheme of arrangement with Nova Frontiers, Ghani & Tayub

Gatron Industries Limited (GATI) announced on Wednesday of withdrawing its scheme of arrangement with Nova Frontiers...

Published 13 Aug, 2025 10:24am

Exchange

Rupee extends winning streak against US dollar

Currency settles at 282.22 against greenback

Updated 14 Aug, 2025 01:45am

Stocks

Profit-taking grips bourse, KSE-100 sheds nearly 500 points

Bulls were unable to maintain their momentum at the Pakistan Stock Exchange (PSX), as investors engaged in...

Updated 13 Aug, 2025 07:48pm

Forex

Tariff bite missing in US inflation, Indian rupee to rise on Fed cut hopes

MUMBAI: The Indian rupee is poised to open higher on Wednesday after the July U.S. inflation data indicated limited...

Published 13 Aug, 2025 08:25am

Bullion Rate

Gold gains as soft US data pressures dollar, fuels rate-cut bets

Gold edged higher on Wednesday, supported by a weaker dollar after mild U.S. inflation data cemented bets for an...

Published 13 Aug, 2025 08:22am

Stocks

Indian shares set to open higher as moderate US inflation spurs global rally

India’s stock benchmarks are likely to open higher, tracking Asian peers after moderate U.S. retail inflation data...

Published 13 Aug, 2025 08:08am

Stocks

Japan’s Nikkei tops 43,000 for first time ever, extends rally to sixth session

TOKYO: Japan’s Nikkei share average rose above 43,000 for the first time on Wednesday, with the broader Topix index...

Published 13 Aug, 2025 08:05am

Forex

Dollar slips as investors eye September Fed cut

SINGAPORE: The dollar weakened on Wednesday after a tame reading on U.S. inflation bolstered expectations of a...

Published 13 Aug, 2025 08:00am

Energy

Oil edges up after US warning on Russia sanctions

LONDON: Oil prices erased losses on Wednesday after U.S. Treasury Secretary Scott Bessent said sanctions against...

Updated 13 Aug, 2025 07:10pm

Markets

Asian shares rise, dollar defensive after mild inflation data

TOKYO: Stocks in Asia climbed and the U.S. dollar was subdued on Wednesday, as data showed both resilience in major...

Published 13 Aug, 2025 07:56am

Pakistan

REMIT Programme: Commitment reaffirmed to continue collaboration

ISLAMABAD: A meeting of the Steering Committee of the Foreign, Commonwealth and Development Office (FCDO)’s ...

Published 13 Aug, 2025 07:34am

Commodities

Rice sowing area likely to expand to 70,000 acres

LAHORE: The Punjab government has addressed the fluctuations in production of rice through a better understanding of...

Published 13 Aug, 2025 07:04am

Business & Finance

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on Thursday, August 14, 2025 being public holiday on ...