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

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Business & Finance - 2025-09-09

Technology

Apple launches slimmer iPhone Air, new iPhone 17

CUPERTINO: Apple on Tuesday showed off a new, slimmer iPhone “Air” model with a “high density battery” and a brand...

Published 09 Sep, 2025 11:37pm

Business & Finance

US delegation explores investment prospects in Pakistan’s ports

A United States delegation on Tuesday was briefed on Pakistan’s port infrastructure and investment opportunities...

Published 09 Sep, 2025 07:16pm

Business & Finance

Yamaha shuts down motorcycle production in Pakistan

Yamaha Motor Pakistan announced on Tuesday closure of its motorcycle manufacturing in Pakistan. “As we proceed...

Updated 09 Sep, 2025 06:35pm

Financial

India bonds slip after last week’s rally

MUMBAI: Indian government bonds fell on Tuesday, as traders booked profits after last week’s rally that was...

Published 09 Sep, 2025 05:05pm

Europe

India, EU push to close gaps in trade talks as year-end deadline looms

BRUSSELS/NEW DELHI: India and the European Union are holding potentially decisive trade negotiations in New Delhi...

Published 09 Sep, 2025 04:58pm

Stocks

Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes

India’s benchmark Nifty 50 closed higher for a fifth consecutive session on Tuesday, with gains led by information...

Published 09 Sep, 2025 04:49pm

Commodities

Copper edges up on weaker dollar

LONDON: Copper prices edged up on Tuesday as a weaker dollar and an incident at a major mine in Indonesia provided...

Published 09 Sep, 2025 04:43pm

Commodities

Palm falls as stronger ringgit weighs

JAKARTA: Malaysian palm oil futures ended lower on Tuesday, weighed down by a strong ringgit, while market...

Published 09 Sep, 2025 04:08pm

Financial

Gold rally strengthens as prices hit new milestones in Pakistan

Gold prices in Pakistan continued their upward march on Tuesday, extending a record-breaking rally as global market...

Updated 09 Sep, 2025 05:44pm

Business & Finance

Pakistan offers ports to Kazakhstan for regional trade

Pakistan has urged Kazakhstan to leverage its ports as gateways to South Asia, Central Asia, and the Gulf, offering...

Published 09 Sep, 2025 03:14pm

Companies

Boycotts dent Coca-Cola sales in Pakistan, Turkiye: report

Coca-Cola Icecek AS (CCI) has lost market share in two of its biggest markets, i.e. Pakistan and Turkiye, amid calls...

Published 09 Sep, 2025 01:13pm

Stocks

Paris stocks rise after French PM’s ouster

PARIS: The Paris stock market rose in opening deals on Tuesday, a day after French Prime Minister Francois Bayrou’s...

Published 09 Sep, 2025 01:06pm

Markets

US tariffs worsen petrochemical sector challenges, executives warn

SINGAPORE: US tariffs are increasingly pressuring the already challenged petrochemicals sector, with China, the top...

Published 09 Sep, 2025 12:59pm

Markets

Japan says lower US tariffs will take effect by September 16

TOKYO: US tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan’s...

Published 09 Sep, 2025 12:55pm

Markets

Novartis to acquire Tourmaline Bio for $1.4 billion

BERLIN: Novartis will acquire Tourmaline Bio for $48 per share, valuing the New York-based biopharmaceutical company...

Published 09 Sep, 2025 12:53pm

Mutual Funds

Philippines raises $529mn from T-bond offer

Tenders total 79.67 billion pesos

Published 09 Sep, 2025 12:52pm

Markets

Gold extends record rally as Fed rate-cut bets dent dollar, yields

Spot gold gained 0.5% to $3,651.96 per ounce

Published 09 Sep, 2025 12:51pm

Stocks

HK shares hit 4-year highs buoyed by US rate cut bets

SHANGHAI: Hong Kong stocks hit four-year highs on Tuesday, buoyed by expectations of an imminent US rate cut, but...

Published 09 Sep, 2025 12:49pm

Markets

Bank Indonesia buys longer-dated government bonds to stabilise market, traders say

SINGAPORE: Bank Indonesia was seen buying longer-dated government bonds on Tuesday in an attempt to stabilise the...

Published 09 Sep, 2025 12:46pm

Mutual Funds

India bonds rise after government reaffirms fiscal, borrowing goal

MUMBAI: Indian government bonds rose in early trading on Tuesday after the finance minister reiterated the...

Published 09 Sep, 2025 12:40pm

Forex

Yuan hits 10-month high as dollar weakens, PBOC sets strongest fix since November

SHANGHAI: China’s yuan rose to a 10-month high against the dollar on Tuesday, underpinned by a weaker greenback on...

Published 09 Sep, 2025 12:33pm

Business & Finance

Homegrown economic model, not international aid, needed to rebuild flood-hit Pakistan

Small agriculture loans should be waived, suggests one expert

Published 09 Sep, 2025 12:18pm

Commodities

Chicago soybeans falls on lack of China buying; crop estimate report eyed

BEIJING: Chicago soybeans slipped on Tuesday as traders squared positions ahead of a key crop estimate report, while...

Published 09 Sep, 2025 12:15pm

Commodities

Iron ore rallies on worry of Simandou supply, restocking demand

BEIJING: Iron ore futures climbed for a sixth straight session on Tuesday, driven by growing worries on supply...

Published 09 Sep, 2025 12:10pm

Energy

TotalEnergies executive says tariffs could lead to 15% drop in petrochemical trade

SINGAPORE: Continued tariffs could lead to a 15% drop in the global petrochemical trade, a TotalEnergies executive...

Published 09 Sep, 2025 12:08pm

Companies

Aurangzeb briefed on Acumen’s $90mn climate-focused agriculture fund for Pakistan

Acumen Pakistan is advancing work on its $90 million Agriculture Resilience Fund (ARF), a blended finance facility...

Published 09 Sep, 2025 11:41am

Commodities

Palm rises for third straight session on stronger Dalian

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 19 ringgit, or 0.42%, to 4,507 ringgit

Published 09 Sep, 2025 11:37am

Commodities

Copper prices advance on soft dollar, tight inventories

Three-month copper on the London Metal Exchange was up 0.33% at $9,948 per metric ton

Published 09 Sep, 2025 11:35am

Stocks

South Korean shares rally for sixth day on Wall Street strength

The benchmark KOSPI was up 18.74 points, or 0.58%, at 3,238.33

Published 09 Sep, 2025 11:33am

Forex

Thai baht/US dollar stronger on Tuesday

The baht was quoted 0.25% higher at 31.60 versus the dollar

Published 09 Sep, 2025 11:31am

Mutual Funds

Japanese bonds rally as yields near historic highs lure buyers

TOKYO: Japanese government bonds (JGBs) rallied on Tuesday, as long-term yields at historic highs drew buyers and...

Published 09 Sep, 2025 11:30am

Markets

Australia’s ANZ to cut 3,500 jobs as new CEO Matos takes charge

The bank said it would take a A$560 million ($369 million) restructuring charge

Published 09 Sep, 2025 11:29am

Forex

Australia, NZ dollars gain ground as greenback, yen retreat

The kiwi dollar steadied at $0.5941, after rallying 0.8% in the previous session to reach a one-month high

Published 09 Sep, 2025 11:27am

Stocks

Australia shares slip as banks, energy stocks drag; ANZ to shed 3,500 jobs

Australian shares fell on Tuesday, dragged by losses in heavyweight banks and energy stocks, while lender ANZ Group...

Published 09 Sep, 2025 11:26am

Stocks

Top 10 commercial banks at Pakistan Stock Exchange as of September 2025

Among various financial institutions operating in Pakistan, commercial banks hold a dominant position due to their...

Updated 09 Sep, 2025 02:15pm

Exchange

Pakistani rupee registers 23rd consecutive gain against US dollar

Currency settles at 281.61 against greenback

Updated 09 Sep, 2025 09:38pm

Stocks

KSE-100 Index hits fresh peak as bulls dominate

Benchmark index settles at 156,563.52, with an increase of 476.22 points or 0.31%

Updated 09 Sep, 2025 06:15pm

Energy

Pakistani steelmaker turns to renewables with 2MW solar installation

As industries across Pakistan switch to renewables, Beco Steel Limited has joined the trend, signing an agreement...

Published 09 Sep, 2025 09:41am

Forex

Indian rupee to climb at open after tepid US jobs locks in Fed rate cut

The 1-month non-deliverable forward indicated the rupee will open in the 87.96–88.00 range against the dollar

Published 09 Sep, 2025 08:40am

Stocks

Indian stock benchmarks likely to open higher on US rate cut optimism

Gift Nifty futures were trading at 24,950 points as of 07:40

Published 09 Sep, 2025 08:37am

Stocks

Japan’s Nikkei crosses 44,000 for first time on trade, stimulus optimism

The Nikkei 225 Index surged as much as 1.24% to an unprecedented 44,185.73 in early trading

Published 09 Sep, 2025 08:29am

Stocks

Stocks rise as prospect of Fed easing trumps political uncertainty

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% in early trade

Published 09 Sep, 2025 08:23am

Forex

Dollar falls hits 7-week low as jobs gloom heightens Fed cut chances

SINGAPORE: The dollar sank to an almost seven-week low on Tuesday as investors braced for U.S. data revisions that...

Published 09 Sep, 2025 08:19am

Energy

Oil rises 1% after Israeli attack in Qatar

Oil prices rose more than 1% on Tuesday after the Israeli military said it carried out an attack on Hamas leadership...

Updated 09 Sep, 2025 09:36pm

Taxes

FBR’s IRIS portal: demand to remove system glitches

ISLAMABAD: The Federal Board of Revenue (FBR) needs to immediately remove system glitches from the IRIS portal...

Published 09 Sep, 2025 06:39am

Taxes

Pakistan’s IT minister, Azerbaijan’s SAPSSI chief discuss digital reforms

ISLAMABAD: Shaza Fatima Khawaja, Federal Minister for IT and Telecommunication, held a meeting with Alvi Mehdiyev,...

Published 09 Sep, 2025 06:34am

Taxes

Pakistan’s tax expenditure lower than global average: FBR

ISLAMABAD: The “Tax Expenditure Report-2025” issued by the Federal Board of Revenue (FBR) on Monday revealed ...

Updated 09 Sep, 2025 06:52am

Business & Finance

‘Telecom operators lack contingency planning’

ISLAMABAD: Despite repeated concerns over pricing, delays, and the impact of ongoing industry mergers, telecom...

Published 09 Sep, 2025 06:03am

Business & Finance

PM Shehbaz attributes Pakistan Stock Exchange surge to economic team’s diligence

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday expressed satisfaction as the benchmark Pakistan Stock Exchange...

Updated 09 Sep, 2025 06:53am

Business & Finance

CDC integrates JS Global into RAAST aggregator

KARACHI: The Central Depository Company of Pakistan (CDC) has on-boarded JS Global Capital Limited to its RAAST...

Published 09 Sep, 2025 05:58am

Companies

Top firms honoured at gender diversity awards ceremony

KARACHI: The International Finance Corporation (IFC) and the Pakistan Business Council (PBC) announced the names of...