News Archives for Business & Finance - 2025-08-25

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Business & Finance - 2025-08-25

Technology

Musk’s xAI sues Apple, OpenAI alleging antitrust violations

WASHINGTON: Elon Musk’s companies xAI and X filed a sweeping US antitrust lawsuit Monday against Apple and OpenAI,...

Published 25 Aug, 2025 09:28pm

Business & Finance

Ahsan Iqbal launches ‘Pakistan One’ business plan competition to boost exports, innovation

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Monday launched the “Pakistan One...

Published 25 Aug, 2025 07:20pm

Commodities

Wheat and corn up 2-5 cents per bushel, soy up 1-3 cents

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago...

Published 25 Aug, 2025 06:54pm

Stocks

Most Gulf markets ease as US rate cut excitement fades

Most stock markets in the Gulf ended lower on Monday mirroring global declines as excitement over a potential U.S....

Published 25 Aug, 2025 06:50pm

Sports

Flutter shuts down money-based online games in India following law change

DUBLIN: Online betting company Flutter has shut down its money-based online games in India following a law change...

Published 25 Aug, 2025 06:39pm

USA

Decision on next Fed chairman likely to take months, White House’s Hassett says

WASHINGTON: The Trump administration’s move to replace Federal Reserve Chairman Jerome Powell as head of the central...

Published 25 Aug, 2025 05:45pm

Markets

Temu-owner PDD tops quarterly revenue estimates, margin squeeze continues

E-commerce firm PDD Holdings, which operates low-cost platforms Pinduoduo in China and Temu internationally, easily...

Published 25 Aug, 2025 05:39pm

Stocks

IT stocks drag Sri Lankan shares lower

CSE All Share index settled down 0.36% at 20,575.59

Published 25 Aug, 2025 05:29pm

Companies

Mercedes-Benz Pension Trust to sell its 3.8% stake in Nissan Motor

TOKYO/BERLIN: The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake,...

Published 25 Aug, 2025 05:25pm

Financial

Indian bonds end lower on fiscal worries; 10-year yield at 5-month high

MUMBAI: Indian government bond prices reversed early gains to end lower on Monday, with the 10-year yield jumping to...

Published 25 Aug, 2025 05:16pm

Middle East

Abu Dhabi’s TAQA to use $1.2 billion GS Inima deal as launchpad for global water expansion

DUBAI: Abu Dhabi’s TAQA plans to turn GS Inima into its main vehicle to pursue an international expansion strategy...

Published 25 Aug, 2025 05:10pm

Money & Banking

Veteran banker Rajiv Anand takes charge as CEO of India’s IndusInd Bank

Veteran banker Rajiv Anand has taken charge as IndusInd Bank’s chief executive and managing director, the...

Published 25 Aug, 2025 04:55pm

Markets

India to tap Amazon, Flipkart data directly in inflation revamp, roll out services index

NEW DELHI: India will start sourcing price data directly from e-commerce giants including Amazon and Walmart-owned...

Published 25 Aug, 2025 04:48pm

Forex

Indian rupee slips for fourth session on tariff anxiety, importer bids

MUMBAI: The Indian rupee gave up early gains to end lower on Monday as concerns over steep tariffs on Indian goods...

Published 25 Aug, 2025 04:43pm

Markets

India’s top lender SBI asks regulator to allow banks to fund acquisitions

State Bank of India, the country’s largest lender by assets, has requested the banking sector regulator to allow...

Published 25 Aug, 2025 04:40pm

South Asia

Fitch keeps India rating, flags high debt, US tariff risks

Credit-rating firm Fitch maintained India’s sovereign rating at ‘BBB-’ on Monday, citing levels of fiscal deficits...

Published 25 Aug, 2025 04:34pm

Stocks

India’s equity benchmarks rise on Fed rate cut hopes

Indian shares kicked the week off on a positive note as U.S. Federal Reserve Chair Jerome Powell hinting at an...

Published 25 Aug, 2025 04:29pm

Commodities

Palm slips as high prices threaten demand

KUALA LUMPUR: Malaysian palm oil futures slipped on Monday, as concerns that recent high prices may dampen future...

Published 25 Aug, 2025 04:23pm

Companies

Pakistan software giant says tariffs on India to benefit local IT industry

Systems Limited (SYS), one of Pakistan’s largest software firms, sees a significant opportunity for Pakistan’s IT...

Published 25 Aug, 2025 03:04pm

Companies

Pakistan’s NLC, DP World deliver first commercial cargo to Tajikistan

National Logistics Corporation (NLC), a multimodal logistics organisation of Pakistan, and DP World, a United Arab...

Updated 25 Aug, 2025 08:47pm

Financial

Gold price remains stable at Rs359,800

Gold prices in Pakistan remained stable on Monday. In the local market, gold price per tola remained at Rs359,800....

Published 25 Aug, 2025 01:37pm

Business & Finance

Flyadeal launches operations in Pakistan with inaugural flights to Islamabad, Peshawar

Flyadeal, Saudi Arabia’s low-cost carrier, officially expanded its scheduled operations to Pakistan with the arrival...

Published 25 Aug, 2025 12:43pm

Commodities

Shanghai copper touches more than one-week high, tracking weak dollar

SHFE aluminium added 0.4%, nickel was up 0.5%

Published 25 Aug, 2025 12:18pm

Stocks

Shanghai stock benchmark hits decade high, HK nears 4-year peak

At the midday break, the Shanghai Composite index was up 0.9% at 3,858.59

Published 25 Aug, 2025 12:10pm

Forex

China’s yuan jumps to one-month high on Powell’s dovish pivot

The onshore yuan strengthened to a high of 7.1569 per dollar

Published 25 Aug, 2025 12:08pm

Commodities

Iron ore hits one-week high as Rio Tinto suspends work at Guinea mine

The contract hit its highest since August 14 at 788 yuan earlier in the session

Published 25 Aug, 2025 12:06pm

Stocks

Australian shares scale new high on US rate-cut bets

The S&P/ASX 200 index climbed as much 1% to a fresh high of 9,054.50

Published 25 Aug, 2025 12:05pm

Markets

India central bank has not lost sight of growth objective, says chief

MUMBAI: The Reserve Bank of India has not lost sight of its growth objective and will continue to set monetary...

Published 25 Aug, 2025 11:59am

Mutual Funds

Indian bond yields may track US peers lower after Fed chair hints at rate cut

The benchmark 10-year bond yield is expected to trade in a range of 6.52%-6.55%

Published 25 Aug, 2025 11:58am

Forex

Australia, NZ dollars cling to gains as investors bet on US rate cuts

The Aussie slipped 0.1% to $0.6485, having rallied 1.1% on Friday to bounce off a two-month trough of $0.6415

Published 25 Aug, 2025 11:56am

Stocks

South Korean shares track Wall Street higher on rate-cut hopes

The benchmark KOSPI was up 31.40 points, or 0.99%, at 3,200.13

Published 25 Aug, 2025 11:54am

Stocks

IT firms lead Indian shares higher on Fed rate cut hopes

The Nifty 50 and the BSE Sensex both rose 0.3% to 24,955.05 and 81,571.03 points

Published 25 Aug, 2025 11:51am

Stocks

Japan’s Nikkei climbs a 2nd day, led by tech on Fed rate cut bets

The Nikkei 225 Index rose 0.7% to 42,922.33 at the midday break.

Published 25 Aug, 2025 11:50am

Forex

South African rand pauses rally as investors await local data signals

The rand traded at 17.46 against the dollar , 0.2% weaker than Friday's close

Published 25 Aug, 2025 11:49am

Business & Finance

World Bank approves $47.9mn grant to strengthen education in Punjab

ISLAMABAD: The World Bank has approved a $47.9 million grant, funded by the Global Partnership for Education Fund,...

Updated 25 Aug, 2025 10:48pm

Exchange

Pakistani rupee records 12th successive gain against US dollar

Currency settles at 281.87 against US dollar

Updated 25 Aug, 2025 11:42pm

Stocks

PSX falls amid rollover, KSE-100 loses over 670 points

A volatile session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over...

Updated 25 Aug, 2025 10:41pm

Companies

Next Capital becomes first broker licensed as securities manager

Next Capital Limited announced on Monday that the Securities and Exchange Commission of Pakistan (SECP) has granted...

Published 25 Aug, 2025 09:42am

Forex

Powell boost for Indian rupee may not last as tariff worries loom

MUMBAI: The Indian rupee is poised to open higher on Monday after the Federal Chair Jerome Powell signalled a...

Published 25 Aug, 2025 09:12am

Energy

Santos extends exclusivity for $18.7 billion ADNOC-led offer, profit declines

Australian gas producer Santos on Monday agreed to further extend the exclusivity period for an $18.7 billion...

Published 25 Aug, 2025 09:01am

Markets

OCBC kicks off $1 billion digital US commercial paper programme

Singapore’s second-largest bank Oversea-Chinese Banking Corp , said on Monday it has established a $1 billion...

Published 25 Aug, 2025 08:54am

Energy

Oil prices edge up as traders weigh supply risks

Brent crude futures rose 40 cents, or 0.6%, to $68.13

Updated 25 Aug, 2025 05:23pm

Markets

Gold slips from two-week peak as dollar ticks up

Spot gold was down 0.2% at $3,364.25 per ounce

Published 25 Aug, 2025 08:23am

Forex

Dollar struggles to recover from dovish Powell gut punch

The greenback added 0.2% to $1.1699 per euro early in the Asian day

Published 25 Aug, 2025 08:20am

Stocks

Asia shares up on hopes for US rate cuts, Nvidia a hurdle

MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.1%

Published 25 Aug, 2025 08:16am

Companies

PSO/PSP: Haball (Private) Ltd receives IPA from SBP

ISLAMABAD: Haball (Private) Limited, Pakistan’s leading non-banking corporate aggregator in the B2B space ...

Published 25 Aug, 2025 06:45am

World

China says ‘rampant’ US protectionism threatens agricultural ties

BEIJING: US protectionism is undermining agricultural cooperation with China, Beijing’s ambassador to Washington...

Published 25 Aug, 2025 05:52am

Commodities

Prices of essential food items remain steady

PESHAWAR: Prices of essential food items remain stable during the previous week as compared to preceding week, said ...

Updated 25 Aug, 2025 06:19am

Business & Finance

Dubai’s GDP growth the result of a ‘multifaceted economic strategy’

Emirate records GDP of AED119.7 billion ($32 billion) in the first quarter of 2025

Updated 25 Aug, 2025 05:56am

Business & Finance

Lagarde warns against subverting central bank independence

WASHINGTON: Under-mining a central bank’s independence would trigger economic dysfunction, the European Central...