News Archives for Business & Finance - 2025-08-14

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Business & Finance - 2025-08-14

Business & Finance

Publicis sues India antitrust body for denying case files in ad agencies probe

NEW DELHI: Publicis has sued India’s antitrust watchdog for denying access to case files in a high-profile...

Published 14 Aug, 2025 07:52pm

South Asia

S&P upgrades India rating, despite US tariff threats

MUMBAI: S&P upgraded India’s long-term sovereign credit rating on Thursday, with the agency citing New Delhi’s...

Published 14 Aug, 2025 05:37pm

South Asia

India trade deficit in July widens to $27.35 billion

NEW DELHI: India’s merchandise trade deficit widened sharply in July, pushed by a surge in imports, even as...

Published 14 Aug, 2025 03:07pm

Commodities

Asia coffee: Prices rise in Vietnam on global cues, high demand for Indonesian beans

HANOI: Coffee prices in Vietnam rose from a week ago on Thursday following a global price recovery, while demand was...

Published 14 Aug, 2025 03:04pm

Forex

Russian rouble weakens towards 80 to dollar with Putin-Trump meeting in focus

The Russian rouble pulled away from a one-week high on Thursday to weaken towards 80 to the dollar, supported by...

Published 14 Aug, 2025 03:02pm

USA

Fed’s Daly says 50 basis point rate cut next month doesn’t seem warranted, WSJ reports

San Francisco Federal Reserve President Mary Daly has pushed back against the need for an interest rate cut of 50...

Published 14 Aug, 2025 02:59pm

Commodities

Japan rubber futures end lower on weaker Tokyo equities, stronger yen

TOKYO: Japanese rubber futures dropped more than 2% on Thursday, pressured by lacklustre Tokyo equities and a...

Published 14 Aug, 2025 02:54pm

Commodities

Gold edges down as dollar firms; investors eye U.S. economic data

Gold prices edged down on Thursday due to a slight uptick in the U.S. dollar index, although expectations of a...

Published 14 Aug, 2025 02:39pm

Stocks

Most Gulf shares rise on Fed rate cut hopes; corporate earnings mixed

BENGALURU: Most stock markets in the Gulf tracked global equities higher in early trade on Thursday, after benign...

Published 14 Aug, 2025 02:37pm

Middle East

Saudi gigaprojects take $8 billion hit in reality check for diversification efforts

DUBAI: Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), has taken an $8...

Published 14 Aug, 2025 02:32pm

Forex

South African rand takes breather after recovery rally

JOHANNESBURG: The South African rand softened in early trade on Thursday, after a recovery rally in the past two...

Published 14 Aug, 2025 01:38pm

Stocks

European shares hit two-week high as investors gauge earnings, economic data

European shares edged higher to touch a two-week high on Thursday, as investors assessed corporate earnings and...

Published 14 Aug, 2025 01:32pm

Commodities

India’s July palm oil imports fall as soyoil jumps to 3-year high

India’s palm oil imports declined in July following cancellations of import contracts, while soyoil shipments jumped...

Published 14 Aug, 2025 01:26pm

Forex

Australian dollar gets lift from upbeat jobs data

SYDNEY: The Australian dollar hopped higher on Thursday as upbeat jobs data calmed concerns about a downturn in the...

Published 14 Aug, 2025 11:22am

Commodities

Copper prices mixed as market awaits China data, supply woes offer support

Copper prices were range-bound on Thursday as traders awaited key economic data from top consumer China, while...

Published 14 Aug, 2025 11:19am

Commodities

Iron ore slides on weak China data, lower steel prices

SINGAPORE: Iron ore futures slid on Thursday, weighed down by signs of weak demand after China’s new yuan loans...

Published 14 Aug, 2025 11:17am

Companies

India’s JSW Cement gains 4% in debut with a $2.38 billion valuation

Shares of JSW Cement debuted 4% higher on Thursday valuing the firm at $2.38 billion as investors looked past...

Published 14 Aug, 2025 11:13am

Commodities

Soybeans rise further after US production downgrade

CANBERRA: Chicago soybean futures rose to their highest in six weeks on Thursday, cementing their gains after the...

Published 14 Aug, 2025 11:09am

Forex

Indian rupee to cling to recovery before long weekend featuring Trump-Putin meet

MUMBAI: The Indian rupee is expected to open largely unchanged on Thursday, holding on to the last session’s...

Published 14 Aug, 2025 11:03am

Financial

India’s long bond rally falters as fiscal risks mount, demand ebbs

MUMBAI: The rally in India’s long-duration bonds is faltering due to dwindling demand from banks, insurers and...

Updated 14 Aug, 2025 07:46pm

Stocks

South Korean shares end little changed ahead of holiday weekend

KOSPI closed up 1.29 points, or 0.04%, at 3,225.66

Updated 14 Aug, 2025 01:41pm

Stocks

Australia shares rise as Westpac powers banking rally

Australian shares rose on Thursday, led by financials after Westpac reported a higher quarterly profit, while a...

Updated 14 Aug, 2025 01:36pm

Stocks

Japan’s Nikkei pulls back from record high on rate-hike fears, stronger yen

TOKYO: Japan’s Nikkei share average fell on Thursday, pulling back from a record high scaled in the previous session...

Updated 14 Aug, 2025 01:35pm

Companies

India’s Muthoot Finance surges to all-time high on hopes of stronger growth

Shares of India’s Muthoot Finance jumped as much as 11.5% to hit an all-time high on Thursday after robust loan...

Published 14 Aug, 2025 10:52am

Stocks

Shanghai Composite index flirts with 3,700 level as bullish mood persists

HONG KONG: China stocks edged up on Thursday to a fresh 3-1/2-year high as bullish sentiment continued to build on...

Published 14 Aug, 2025 10:50am

Stocks

India’s benchmarks flat as investors focus on Russia-US talks

India’s equity benchmarks were muted on Thursday as caution prevailed ahead of Russia-U.S. talks on the war in...

Published 14 Aug, 2025 10:48am

Energy

Oil prices stable ahead of Trump-Putin meeting in Alaska

Brent crude futures were up 49 cents, or 0.75%, at $66.12 a barrel

Updated 15 Aug, 2025 04:04pm

Forex

Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high

TOKYO: The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for...

Published 14 Aug, 2025 10:41am

Commodities

Pakistan tenders to buy 200,000 metric tons of sugar, traders say

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan (TCP) has issued a new international tender to...

Published 14 Aug, 2025 10:38am

Business & Finance

Effective from Aug 6th: SECP revises IPO regime

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced revised public offering regime,...