News Archives for Business & Finance - 2025-08-20

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Business & Finance - 2025-08-20

Companies

Sanctions-hit Indian refiner Nayara turns to dark fleet, tanker data shows

NEW DELHI: Indian refiner Nayara Energy, backed by Russia and under European Union sanctions, isrelying on a dark...

Published 20 Aug, 2025 08:47pm

Stocks

Most Gulf equities end lower ahead of Powell’s Jackson Hole speech

Most Gulf stocks fell on Wednesday in tandem with weaker global share markets, as investors wait for signals on the...

Published 20 Aug, 2025 07:24pm

USA

Trump calls for Fed governor to resign, widening pressure on central bank

WASHINGTON: US President Donald Trump called Wednesday for Federal Reserve Governor Lisa Cook to step down,...

Published 20 Aug, 2025 07:07pm

South Asia

Staff shortages at India’s aviation regulator and air traffic control threaten safety, lawmakers say

NEW DELHI: An Indian parliamentary committee on aviation has warned that staffing shortages at the country’s air...

Published 20 Aug, 2025 06:54pm

Forex

China considering yuan-backed stablecoins to boost global currency usage, sources say

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its...

Published 20 Aug, 2025 06:47pm

Markets

Pakistan, Azerbaijan explore new avenues of economic, trade cooperation

Pakistan and Azerbaijan discussed on Wednesday implementation of a trade and economic roadmap, underscoring the...

Published 20 Aug, 2025 06:14pm

Energy

Saudi Arabia’s June crude exports fall to lowest since March

Saudi Arabia’s crude oil exports slipped in June to their lowest level in three months, according to data from the...

Published 20 Aug, 2025 05:59pm

Commodities

Arabica coffee slips after matching two-month high

LONDON: Arabica coffee futures on ICE eased on Wednesday after earlier matching the prior session’s two-month high...

Published 20 Aug, 2025 05:52pm

Markets

India rate panel says US tariffs key drag on growth, flags benign inflation outlook

MUMBAI: India’s monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a...

Updated 20 Aug, 2025 06:50pm

South Asia

India panel proposes exempting taxes on health, life insurance

NEW DELHI: A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health...

Published 20 Aug, 2025 05:38pm

Stocks

Broad gains lift Sri Lankan shares higher

Sri Lankan shares closed higher on Wednesday, aided by gains across sectors led by communication services and...

Published 20 Aug, 2025 04:46pm

Companies

UltraTech to sell India Cements’ stake worth up to $85.6 million

UltraTech Cement said on Wednesday it will offload a stake of up to 6.5% in its unit India Cements, valued at 7.45...

Published 20 Aug, 2025 04:43pm

Financial

India bond yields ease after 2-day climb lures value buyers

MUMBAI: Indian government bond yields ended lower on Wednesday, reversing a two-day trend, as investors indulged in...

Published 20 Aug, 2025 04:41pm

Companies

India’s Tata Motors returns to South African car market after six years

JOHANNESBURG: India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence,...

Published 20 Aug, 2025 04:37pm

Energy

Russia has ‘special mechanisms’ to supply oil to India, embassy official says

NEW DELHI: Russia will continue supplying oil to India and the country’s President Vladimir Putin will meet India’s...

Published 20 Aug, 2025 04:32pm

Companies

India’s Aurobindo Pharma leads race to buy generic drugmaker Zentiva for $5.5 billion, Economic Times reports

India’s Aurobindo Pharma is leading the race to buy Prague-based drugmaker Zentiva for up to $5.5 billion, the...

Published 20 Aug, 2025 04:27pm

Companies

Indian miner Vedanta’s demerger faces government objection, CNBC-TV18 reports

Indian miner Vedanta’s demerger is facing objection from the federal government, CNBC-TV18 reported on Wednesday,...

Published 20 Aug, 2025 04:24pm

Companies

US tariffs on Chinese graphite spark opportunity for India’s Epsilon

NEW DELHI: India’s Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to...

Updated 20 Aug, 2025 06:56pm

Forex

Indian rupee edges lower as dollar sales by foreign banks offset most of greenback demand

MUMBAI: The Indian rupee slipped on Wednesday, as corporate hedging and short-term speculators bolstered demand for...

Published 20 Aug, 2025 04:08pm

Stocks

Indian benchmark shares rise for fifth straight session on IT, consumer gains

India’s equity benchmarks rose for a fifth straight session on Wednesday as tech stocks rallied ahead of the Federal...

Published 20 Aug, 2025 04:06pm

Stocks

Pakistani rupee records 9th consecutive gain against US dollar

Currency settles at 281.95 against greenback

Updated 20 Aug, 2025 07:24pm

Commodities

Copper slides to two-week low, focus on Powell’s speech

LONDON/BEIJING: Copper prices slipped on Wednesday to their lowest in nearly two weeks as funds sold, while...

Published 20 Aug, 2025 04:03pm

Commodities

Palm tracks weaker rival vegetable oils lower, exports data caps losses

JAKARTA: Malaysian palm oil futures fell for a second straight session on Wednesday on profit taking and weaker...

Published 20 Aug, 2025 04:00pm

Money & Banking

Govt launches risk coverage scheme for small farmers & underserved areas

The government, in a bid to enhance access to credit for small and marginalised farmers, has rolled out a new risk...

Published 20 Aug, 2025 03:55pm

Commodities

Gold price per tola falls Rs1,400 in Pakistan

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

Published 20 Aug, 2025 01:55pm

Agriculture and Allied

Pakistan’s challenges make it the perfect ground for agri-tech innovation: Agrilift CEO

Pakistan faces nearly every agricultural challenge under the sun. But it is the ideal proving ground to build a robust solution, says Jawwad Hasan

Published 20 Aug, 2025 12:51pm

Markets

‘Strong and growing’ interest among American firms in Pakistan’s energy sector, says US diplomat

US Charge d’Affaires to Pakistan, Natalie A. Baker, highlighted strong American interest in Pakistan’s energy...

Published 20 Aug, 2025 12:24pm

Energy

Indian Oil, BPCL resume buying Russian oil for September as discounts widen, sources say

NEW DELHI: India’s state-run refiners Indian Oil and Bharat Petroleum have bought Russian oil for September and...

Published 20 Aug, 2025 11:23am

Forex

Foreign banks lean against broad dollar demand, pin Indian rupee near 87/dollar

MUMBAI: The Indian rupee was largely flat on Wednesday, holding near 87 per dollar, amid dollar sales by foreign...

Published 20 Aug, 2025 11:17am

Bullion Rate

Gold hits near 3-week low on stronger dollar, Fed symposium in focus

Gold hit a near three-week low on Wednesday as the dollar firmed, while investors awaited the Federal Reserve’s...

Published 20 Aug, 2025 11:13am

Companies

Pakistan’s National Foods approves subsidiary restructuring, divestment move

National Foods Limited (NATF) has announced that its UAE-based subsidiary, National Foods Dubai Multi Commodities...

Published 20 Aug, 2025 11:07am

Stocks

Japan’s Nikkei to ease off record peak as trade honeymoon fades

TOKYO: Japan’s Nikkei share average will likely ease off recent record highs toward year-end, according to...

Published 20 Aug, 2025 10:52am

Companies

Engro Powergen Qadirpur inks agreement to include Badar-1 gas in fuel mix

Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited, announced that it has executed a...

Published 20 Aug, 2025 10:45am

Markets

US budget deficit forecast $1 trillion higher over next decade, watchdog says

WASHINGTON: US federal budget deficits will be nearly $1 trillion higher over the next decade than projected in...

Published 20 Aug, 2025 10:32am

Markets

NZ central bank cuts rates to 3-year low, flags more easing; kiwi tumbles

WELLINGTON: New Zealand’s central bank cut its policy rate by 25 basis points to a three-year low of 3.00% on...

Published 20 Aug, 2025 10:28am

Forex

US dollar strengthens ahead of Jackson Hole meet; NZ dollar drops on dovish RBNZ

TOKYO: The US dollar gained for a third straight session on Wednesday as traders awaited the Federal Reserve’s...

Published 20 Aug, 2025 10:24am

Stocks

PSX scales new all-time high as positive momentum continues

Benchmark KSE-100 Index closes day at 150,591

Updated 20 Aug, 2025 08:44pm

Energy

Oil firms as investors await next steps in Ukraine peace push

LONDON: Oil prices rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories...

Updated 20 Aug, 2025 05:49pm

Stocks

Tech selloff casts gloom over markets

SINGAPORE: Global share markets came under pressure on Wednesday after a tech-led selloff on Wall Street, while the...

Published 20 Aug, 2025 10:18am

Business & Finance

SECP, PBC pledge deeper collaboration on business reforms

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Business Council (PBC) on ...