News Archives for Business & Finance - 2025-09-05

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Business & Finance - 2025-09-05

Europe

EU hits Google with 2.95 bn euro fine despite Trump threats

BRUSSELS: The EU on Friday slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for...

Published 05 Sep, 2025 11:52pm

Money & Banking

SBP MPC meeting: policy rate likely to stay unchanged as floods fuel inflation concerns

The State Bank of Pakistan (SBP) is scheduled to meet on September 15, 2025 to determine the policy rate for the...

Published 05 Sep, 2025 10:14pm

South Asia

India’s SpiceJet posts $26.6mn quarterly loss as conflict with Pakistan impacts air travel

Indian budget airline SpiceJet (SPJT.BO), opens new tab posted its second consecutive loss in the June quarter, as...

Published 05 Sep, 2025 09:46pm

Business & Finance

Finance Minister reviews food prices, inflationary trends amid flood impact

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday chaired the inaugural meeting of the...

Published 05 Sep, 2025 08:59pm

Business & Finance

As the Shanghai Cooperation Organisation gains momentum, does Pakistan stand to benefit?

Experts say the SCO’s participation in regional e-commerce, digitalization, modernization and social development have been both impressive and indispensable

Published 05 Sep, 2025 06:18pm

Commodities

Gold continues to shine, hits fresh all-time high in Pakistan

Gold prices in Pakistan extended their winning streak on Friday in line with their gain in the international market....

Updated 05 Sep, 2025 05:52pm

Stocks

European stocks rise, long-dated yields ease ahead of US jobs data

The MSCI World Equity Index was up 0.3% on the day and Europe’s STOXX 600 was up 0.4%

Published 05 Sep, 2025 02:52pm

Business & Finance

Riviera Group unveils Sky Garden model apartment – Pakistan’s iconic lifestyle project

KARACHI: Riviera Group has unveiled the model apartment of Sky Garden, offering visitors an exclusive preview of one...

Updated 05 Sep, 2025 05:12pm

Money & Banking

SBP to remain closed on Sept 6 for Eid Milad-un-Nabi

The State Bank of Pakistan (SBP) on Friday said it will remain closed on Saturday, September 6, 2025, on account of...

Published 05 Sep, 2025 12:32pm

Markets

Airbus deliveries fell 3% in January-August

PARIS: Airbus delivered 61 aircraft in August, bringing deliveries for the first eight months of the year to 434...

Published 05 Sep, 2025 12:28pm

Energy

Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources

In its previous tender last week, IOC bought 5 million barrels of U.S. West Texas Intermediate

Published 05 Sep, 2025 12:20pm

Energy

Trump’s wind war clouds Orsted’s $9.4 billion survival plan

COPENHAGEN: Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is...

Published 05 Sep, 2025 12:16pm

Markets

Qantas tightens purse strings on executive pay after data breach fallout

The decision came despite Qantas posting its second-highest annual profit on record and a 33% surge in its share price since the start of the year

Published 05 Sep, 2025 12:13pm

Markets

Nestle CEO shake-up overshadows broader malaise

ZURICH: Swiss food giant Nestle, roiled by the sudden ouster of its CEO, faces a stern challenge with investors and...

Published 05 Sep, 2025 11:55am

Real Estate

UK house prices rise 0.3% in August, Halifax says

British house prices have been rising more slowly than consumer price inflation in recent months

Published 05 Sep, 2025 11:32am

Markets

Starbucks China valued at about $5 billion by bidders, sources say

Starbucks invited around 10 potential buyers to submit non-binding bids by early September

Published 05 Sep, 2025 11:25am

Companies

Calcorp to fully acquire solar venture Helios Resol Technology

Calcorp Limited (CASH) has announced plans to fully acquire its associated company, Helios Resol Technology (Pvt.)...

Published 05 Sep, 2025 10:33am

Currency

Pakistani rupee records 21st successive gain against US dollar

Currency settles at 281.65 against greenback

Updated 05 Sep, 2025 09:23pm

Forex

Indian rupee hits record low on tariff jitters, but central bank caps decline

MUMBAI: The Indian rupee hit a lifetime low on Friday, pressured by worries over US tariffs, leaving traders on edge...

Updated 05 Sep, 2025 09:51pm

Stocks

India stock benchmarks open higher on tax cuts, US rate-cut hopes

The NSE Nifty 50 was up 0.34% to 24,818.85 and the BSE Sensex gained 0.36% to 81,012.42

Published 05 Sep, 2025 10:01am

Stocks

New high: KSE-100 settles above 154,000 level

Benchmark index gains over 1,600 points during Friday's trading

Updated 05 Sep, 2025 10:28pm

Markets

BMW CEO calls EU’s 2035 combustion engine ban a ‘big mistake’, sees strong 2025 sales

Zipse said in an interview with Politico, published on Friday, that setting a fixed date for the transition risked ignoring emissions across the value chain, including battery production and fuel sourcing

Published 05 Sep, 2025 09:33am

Forex

Dollar holds ground as bonds find footing, jobs data looms

Sterling traded at $1.3447 , up 0.1%

Published 05 Sep, 2025 09:30am

Bullion Rate

Gold poised for best week in three months; US jobs data on tap

Spot gold was up 0.3% at $3,556.21 per ounce

Published 05 Sep, 2025 09:25am

Energy

Oil heads for weekly loss as higher supply expected

Brent crude futures fell 35 cents, or 0.5%, to $66.64 a barrel

Updated 05 Sep, 2025 09:19pm

Stocks

Asian stocks track Wall Street higher, bond yields ease before US payrolls

Japan’s Nikkei rose 0.8% and Taiwan’s stock benchmark climbed 0.8%

Published 05 Sep, 2025 09:15am

Industry

LCCI President, SVP, VP resign

LAHORE: Office-bearers of the Lahore Chamber of Commerce and Industry have resigned from their positions citing...

Published 05 Sep, 2025 07:00am

Industry

3P Plas Print Pack Pakistan Expo from 10th

KARACHI: 3P Plas Print Pack Pakistan Exhibition is set to take place at the Karachi Expo Centre from 10 to 12...

Published 05 Sep, 2025 06:58am

Cotton & Textile

Subdued business on cotton market

LAHORE: The local cotton market on Thursday remained bearish and the trading volume remained satisfactory. Cotton...

Updated 05 Sep, 2025 08:00am

Energy

PPL makes big oil & gas discovery in Attock district

KARACHI: Pakistan Petroleum Limited (PPL) has unveiled a significant oil and gas discovery at its Dhok Sultan-03 ...

Updated 05 Sep, 2025 07:58am