News Archives for Business & Finance - 2025-08-29

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Business & Finance - 2025-08-29

Stocks

Wall Street slips as inflation data fans tariff concerns

Wall Street’s main stock indexes fell on Friday, with technology stocks declining the most, after inflation data...

Published 29 Aug, 2025 08:21pm

Stocks

TSX hovers near record high as domestic GDP data fuels rate cut bets

Canada’s main stock index traded near a record high on Friday, after weaker-than-expected domestic GDP data signaled...

Published 29 Aug, 2025 08:18pm

Companies

PepsiCo sharpens energy drink focus with bigger Celsius stake

PepsiCo has increased its stake in Celsius Holdings through a $585 million deal, as the soda and snacks maker...

Published 29 Aug, 2025 06:43pm

Commodities

Wheat mixed, corn up 1-3 cents, soy down 3-5

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

Published 29 Aug, 2025 06:41pm

Companies

India’s ONGC to keep buying Russian oil if prices economical, chair says

NEW DELHI: Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy...

Published 29 Aug, 2025 06:36pm

Companies

BYD’s quarterly profit falls for first time in 3-1/2 years as price wars bite

BEIJING: Chinese electric vehicle maker BYD’s quarterly profit fell for the first time in more than three years, as...

Published 29 Aug, 2025 06:03pm

Companies

India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

NEW DELHI/LUCKNOW: The Indian government is facing a backlash from motorists after the nationwide rollout of fuel...

Published 29 Aug, 2025 05:59pm

Stocks

UAE markets slip ahead of US inflation data; oil weighs on sentiment

Stock markets in the United Arab Emirates finished lower on Friday as investors adopted a cautious stance ahead of...

Published 29 Aug, 2025 05:55pm

Commodities

Robusta coffee prices edge higher, set for weekly gain

LONDON: Robusta coffee futures edged higher on Friday but remained well below the prior session’s three-month peak,...

Published 29 Aug, 2025 05:51pm

Markets

India’s April-July fiscal deficit at 29.9% of 2025/26 target

NEW DELHI: India’s fiscal deficit in April-July was 4.68 trillion rupees ($53.48 billion) or 29.9% of the estimate...

Published 29 Aug, 2025 05:28pm

Companies

Alibaba misses revenue estimates, but AI boosts cloud business

China’s Alibaba missed market estimates for quarterly revenue on Friday as the company’s e-commerce business...

Published 29 Aug, 2025 05:24pm

Energy

Global LNG: Asian spot prices slip on muted demand, ample supply

SINGAPORE: Asian spot liquefied natural gas (LNG) prices slipped this week on muted demand and ample supply, with...

Published 29 Aug, 2025 05:18pm

Financial

India bonds see sharpest selloff in three years on fiscal, monetary policy blows

MUMBAI: Indian government bonds sold off this month, with the 10-year benchmark bond yield posting its biggest...

Published 29 Aug, 2025 05:10pm

Markets

Ambani’s Reliance Jio aims for IPO by first half of 2026

Telecom and digital giant Reliance Jio Platforms is aiming to file for an initial public offering (IPO) by the first...

Published 29 Aug, 2025 04:50pm

Companies

India’s Dreamfolks says three customers to terminate lounge services contracts

India’s Dreamfolks said on Friday that three of its customers, including the country’s third-largest lounge...

Published 29 Aug, 2025 04:45pm

Forex

India central bank sold net $3.66 billion spot FX in June, bulletin shows

MUMBAI: The Reserve Bank of India sold a net of $3.66 billion in the spot foreign exchange market in June, data...

Published 29 Aug, 2025 04:40pm

Business & Finance

‘Local businesses can’t compete’: should Temu be banned in Pakistan?

Conversation shouldn’t be about banning innovation but building a fair, transparent framework where global players and local businesses both thrive, says one expert

Published 29 Aug, 2025 04:39pm

South Asia

India’s economy resilient but US trade policies a downside risk, central bank bulletin says

MUMBAI: The Indian economy remains resilient, backed by strong rural demand, but trade tensions with the United...

Published 29 Aug, 2025 04:37pm

Markets

India boosts US oil purchases on competitive prices, narrows trade deficit

NEW DELHI/SINGAPORE: Indian refiners boosted U.S. crude oil purchases this month, drawn by competitive prices, trade...

Published 29 Aug, 2025 04:33pm

Financial

Oil India unit plans $565 million debut bond issue, bankers say

MUMBAI: A unit of Oil India is likely to raise around 50 billion rupees ($565 million) through the sale of...

Published 29 Aug, 2025 04:27pm

South Asia

India’s consumer tax cuts at risk of delay as states wrangle over future revenues

MUMBAI: Indian Prime Minister Narendra Modi’s plans for sweeping tax cuts are at risk of facing a delay as states...

Published 29 Aug, 2025 04:25pm

South Asia

India’s economy unexpectedly picks up steam despite Trump’s tariff threats

NEW DELHI: India’s economy unexpectedly gathered strength in the April-June quarter, defying expectations of slower...

Published 29 Aug, 2025 04:17pm

Stocks

Indian equity benchmarks post 2nd straight monthly loss as US tariffs drag

India’s equity benchmarks fell for a second straight month in August, as punitive U.S. tariffs on Indian goods are...

Published 29 Aug, 2025 04:14pm

Commodities

Copper set for monthly growth on rising rate cut bets

LONDON: Copper prices hit a five-week high on Friday and were on track to end August with the 3% growth due to a...

Published 29 Aug, 2025 04:11pm

Commodities

Palm snaps three-week gain on weaker rival oils

KUALA LUMPUR: Malaysian palm oil futures snapped a three-week rally on Friday, pressured by weakness in rival edible...

Published 29 Aug, 2025 04:09pm

Commodities

Gold price per tola gains Rs1,200 in Pakistan

Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local...

Published 29 Aug, 2025 02:50pm

Sports

Gauff embraces moment of vulnerability en route to US Open third round

NEW YORK: Coco Gauff said she felt more human allowing herself a moment of vulnerability under the primetime glare...

Published 29 Aug, 2025 01:57pm

Stocks

European shares slip ahead of crucial US, euro zone data

European shares edged lower on Friday as investors geared up for a slew of euro zone data and a key US inflation...

Published 29 Aug, 2025 01:37pm

Currency

Eric Trump says Trump family ‘loves’ Bitcoin community, predicts $1 million valuation

HONG KONG: Eric Trump says the Trump family “loves” and “believes in” the Bitcoin community, which supported his...

Published 29 Aug, 2025 01:31pm

Forex

Yuan hits fresh 10-month high on firm PBOC fixing, stock market rally

HONG KONG: China’s yuan rallied to a 10-month high against the dollar on Friday, poised for its biggest monthly gain...

Published 29 Aug, 2025 11:30am

Stocks

China stocks set to post biggest monthly gain in 11 months

SHANGHAI: China stocks rose on Friday and are set to post their biggest monthly jump since September 2024, as...

Published 29 Aug, 2025 11:27am

Business & Finance

Govt finalising key industrial policies for next five years

Minister of Commerce Jam Kamal Khan said that the government is finalising a comprehensive Textiles and Apparel...

Published 29 Aug, 2025 11:23am

Stocks

Australian shares fall; benchmark index eyes best August since 2009

Australian shares declined on Friday, dragged down by financials, but the benchmark index remained set to post its...

Published 29 Aug, 2025 11:11am

Commodities

Soybeans set for weekly drop on lack of Chinese demand

SINGAPORE: Soybeans edged higher on Friday, but the market is on track for its first weekly decline in three weeks...

Published 29 Aug, 2025 11:08am

Stocks

Japan’s Nikkei falls as August rally spurs profit taking

The tech-heavy Nikkei dropped 0.4% to 42,642.97 as of the midday break

Published 29 Aug, 2025 11:04am

Commodities

Copper set for weekly gain as producers boost investment on clean energy demand

Copper prices edged higher across major exchanges this week, supported by rising investments in copper production as...

Published 29 Aug, 2025 11:02am

Forex

Australian dollar set for monthly gain, kiwi subdued

SYDNEY: The Australian dollar was set for monthly gains, as mounting expectations of an imminent US interest rate...

Published 29 Aug, 2025 11:00am

Stocks

PSX snaps 4-day losing streak as KSE-100 Index closes higher by over 1,270 points

Positive sentiments returned to the Pakistan Stock Exchange (PSX) after four days of losing streak, with the...

Updated 29 Aug, 2025 08:11pm

Exchange

Pakistani rupee registers 16th successive gain against US dollar

Currency settles at 281.77 against greenback

Updated 29 Aug, 2025 08:29pm

Companies

Pakistan’s largest E&P revamps corporate identity

In a bid to refresh its corporate image, the Oil and Gas Development Limited (OGDC), Pakistan’s largest exploration...

Published 29 Aug, 2025 10:06am

Bullion Rate

Gold poised for monthly gain on soft dollar, US rate-cut hopes

Spot gold was little changed at $3,412.56 per ounce, as of 0223 GMT

Published 29 Aug, 2025 08:31am

Stocks

India’s equity benchmarks to open higher after two days of losses

India’s equity benchmarks are likely to open higher on Friday, after two consecutive sessions of declines, though...

Published 29 Aug, 2025 08:29am

Forex

Indian rupee plunges to all-time low on steep US tariffs, logs 4th month of loss

The rupee ended at 88.1950 per U.S. dollar, down 0.65% on the day

Updated 29 Aug, 2025 03:37pm

Markets

Brazil starts formal process to assess US tariff retaliation, say sources

BRASILIA: Brazil’s Foreign Ministry has ordered government trade body Camex to start analyzing whether a local...

Published 29 Aug, 2025 08:21am

Forex

Dollar headed for monthly drop on rate cut wagers

The dollar index , which measures the U.S. currency against six major peers, was at 97.917, on course for a 2% decline in the month

Published 29 Aug, 2025 08:09am

Energy

Oil prices fall with expected weaker demand, possible peace deal

HOUSTON: Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world’s largest oil...

Updated 29 Aug, 2025 09:36pm

Stocks

Asia upbeat on Wall St boost as markets await US inflation data

Markets in Asia latched on to the positive momentum on Friday as MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%

Updated 29 Aug, 2025 10:40am

Industry

Blue economy: Cooperation with Pakistan can be further enhanced: Chinese CG

KARACHI: In the modern era, economic development is impossible without the Blue Economy, and Pakistan needs to do...

Published 29 Aug, 2025 07:30am

Industry

‘Retrospective billing’: PBF Lahore chapter assails SNGPL’s approach

LAHORE: The Pakistan Business Forum (PBF) Lahore Chapter has come out strongly against Sui Northern Gas Pipelines...

Published 29 Aug, 2025 07:28am

Industry

High-speed passenger coaches, freight wagons: PCJCCI lauds successful commencement of local production

LAHORE: Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) proudly announce a significant milestone in...

Published 29 Aug, 2025 07:26am

Companies

PPCBL signs agreement with Avanza Solutions

LAHORE: The Punjab Provincial Cooperative Bank Limited (PPCBL) has signed an agreement with Avanza Solutions to...

Published 29 Aug, 2025 07:22am

Industry

Reko Diq copper-gold mining project: JBIC’s joining lender group welcomed

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik on Thursday welcomed the Japan Bank for International...