News Archives for Business & Finance - 2025-09-15

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Business & Finance - 2025-09-15

Energy

Ukraine to curb Indian diesel imports amid Russian oil ties, analyst says

KYIV: Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of...

Published 15 Sep, 2025 11:19pm

Money & Banking

SBP revises down its projection for economic growth to around 3.25% for FY26

KARACHI: The State Bank of Pakistan (SBP) has revised down its projection for economic activities by almost one...

Published 15 Sep, 2025 10:14pm

Stocks

Sri Lankan shares extend losing streak as healthcare, energy stocks weigh

Sri Lankan shares closed lower on Monday, as losses in healthcare and energy stocks weighed on the index. The CSE...

Published 15 Sep, 2025 10:07pm

Stocks

India’s stock benchmarks edge lower ahead of Fed decision; IT drags

India’s equity benchmarks inched lower on Monday, dragged by information technology stocks, as investors traded...

Published 15 Sep, 2025 10:00pm

Commodities

Copper jumps to 15-month peak on soft dollar and China deal

LONDON: Copper prices climbed to their highest in 15 months on Monday after a drop in the dollar and a deal between...

Published 15 Sep, 2025 09:52pm

Stocks

S&P 500, Nasdaq hit record highs ahead of Fed meeting; Tesla jumps

The S&P 500 and the Nasdaq hit intraday record highs on Monday, setting a positive tone for a week dominated by...

Published 15 Sep, 2025 09:42pm

Pakistan

President Zardari assures Shanghai Electric of resolving ‘any outstanding issues’

President Asif Ali Zardari has assured Shanghai Electric that any outstanding issues would be resolved amicably and...

Published 15 Sep, 2025 09:00pm

Technology

Alphabet hits $3 trillion in market capitalization for first time

Google parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday, riding on renewed...

Published 15 Sep, 2025 08:36pm

Business & Finance

Clover Pakistan to acquire COCO filling stations from parent firm

Clover Pakistan Limited has announced that its Board of Directors has approved the acquisition of all Company Owned...

Published 15 Sep, 2025 04:18pm

Commodities

Gold prices remain unchanged in Pakistan

Gold prices in Pakistan remained stable on Monday after setting a record high the previous day. In the local market,...

Updated 15 Sep, 2025 04:38pm

Business & Finance

Poland’s $100mn oil & gas investment in Pakistan set for expansion

Poland has expressed its intent to reinvest locally generated incomes and resources in Pakistan, aiming to expand...

Published 15 Sep, 2025 02:31pm

Stocks

Financials lift European shares to 3-week high; Rubis advances

The pan-European STOXX 600 was up 0.5% at 557.78 points

Published 15 Sep, 2025 02:27pm

Currency

Pakistan rupee to remain stable in short run; but what’s next?

Recent nominal gains are sustainable, but only in the short run, say experts

Updated 15 Sep, 2025 04:32pm

Money & Banking

SBP keeps policy rate unchanged at 11%

Decision taken in view of evolving macroeconomic outlook and flood-related uncertainty

Updated 15 Sep, 2025 09:12pm

Currency

Floods fuel US dollar shortage, threatens Pakistani rupee’s rally: Bloomberg

The ongoing floods of 2025 have exacerbated dollar shortage in Pakistan, intensifying concerns over hoarding of the...

Published 15 Sep, 2025 12:36pm

Markets

China’s home prices extend decline, more policy support needed

The figure matched July's month-on-month decline and extended a weak trend that has persisted since May 2023

Published 15 Sep, 2025 12:04pm

Business & Finance

Floods 2025 inflict $2bn losses to Pakistan, raise inflation, fiscal risks: report

Pakistan’s fragile economy faces another setback as the devastating 2025 monsoon floods have caused damage estimated...

Updated 15 Sep, 2025 12:42pm

Markets

Australia’s ANZ to pay $160 million over bond deal, customer violations

SYDNEY: ANZ Group agreed to pay A$240 million ($159.5 million), the Australian corporate regulator’s largest-ever...

Published 15 Sep, 2025 11:57am

Commodities

Soybeans slip on muted China demand; corn falls on record harvest outlook

China, the world's top soy buyer, has yet to buy any soybeans from the autumn US harvest

Published 15 Sep, 2025 11:30am

Forex

Australia, NZ dollars brace for big central bank week as bulls eye more upside

The Aussie rose 0.2% to $0.6662 on Monday, just below its ten-month top of $0.6668 hit on Friday

Published 15 Sep, 2025 11:28am

Stocks

Banks, miners drag Australian shares lower as caution grows ahead of local jobs data

The S&P/ASX 200 index lost 0.7% to 8,800.80

Published 15 Sep, 2025 11:27am

Mutual Funds

Philippines awards $436 million T-bills at auction

Tenders total 154.15 billion pesos

Published 15 Sep, 2025 11:19am

Energy

China takes fourth cargo from sanctioned Arctic LNG 2 project

The sanctioned Russian tanker Buran arrived at the Beihai LNG Terminal in China's southwestern region of Guangxi on September 12

Published 15 Sep, 2025 11:16am

Markets

China’s BYD says to ‘actively respond’ to supplier payment initiative

The payments should be made via cash or bankers' acceptance, it added

Published 15 Sep, 2025 11:05am

Currency

Pakistani rupee registers 27th consecutive gain against US dollar

Currency settles at 281.52 against greenback

Updated 15 Sep, 2025 09:19pm

Stocks

Stocks surge at PSX as SBP maintains status quo

Benchmark KSE-100 Index settles with a gain of over 940 points

Updated 15 Sep, 2025 09:34pm

Markets

Symmetry Group profits jump 22% in 2025

Symmetry Group, Pakistan’s leading software house, registered a profit after tax (PAT) of Rs168.14 million for the...

Updated 15 Sep, 2025 11:24am

Companies

Engro Fertilizers announces scheduled maintenance of base plant from Sept15

Engro Fertilizers Limited (EFERT), a wholly-owned subsidiary of Engro Corporation Limited, announced on Monday that...

Published 15 Sep, 2025 09:47am

Stocks

Indian equity benchmarks set for muted start ahead of Fed meeting

Gift Nifty futures were trading at 25,170 points

Published 15 Sep, 2025 08:20am

Forex

Fed cut certainty, tariff worries keep Indian rupee boxed in

The currency tumbled to a record 88.4550 last Thursday

Published 15 Sep, 2025 08:18am

Markets

China’s August factory output, retail sales miss expectations

Retail sales, a gauge of consumption, expanded 3.4% in August after rising 3.7% in July, missing forecasts of 3.9% growth

Published 15 Sep, 2025 08:15am

Forex

Dollar steadies ahead of Fed meeting

Sterling was little changed at $1.3554, while the Aussie dollar hovered near a 10-month high at $0.6652

Published 15 Sep, 2025 07:57am

Markets

South Korea’s top trade enovy heading to US for follow-up tariff talks

Details of the broad trade agreement still need to be hammered out, especially around a $350 billion investment fund

Published 15 Sep, 2025 07:52am

Bullion Rate

Gold prices ease as dollar firms ahead of Fed rate decision

Bullion climbed about 1.6% last week, reaching a record high of $3,673.95 on Tuesday

Published 15 Sep, 2025 07:46am

Energy

Oil rises as investors assess attacks on Russian energy facilities

LONDON: Oil prices rose slightly on Monday as investors assessed the impact of Ukrainian drone attacks on Russian...

Updated 15 Sep, 2025 08:05pm

Stocks

Stocks hesitate in Asia with a lot riding on the Fed

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%

Published 15 Sep, 2025 07:39am

Energy

KP completes three power projects; seven projects in execution stage

PESHAWAR: Khyber Pakhtunkhwa government has completed three major hydropower projects of 63MW electricity this ...

Published 15 Sep, 2025 07:36am

Industry

National consensus urged on economic policy

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Updated 15 Sep, 2025 08:19am

Industry

Floods in Sindh: Supply of food items, agri produce badly affected: HCSTSI

HYDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) Saleem Memon has expressed ...

Published 15 Sep, 2025 06:17am

Business & Finance

Weekly Cotton Review: Market shows upward trend

KARACHI: The cotton market had witnessed an upward trend in recent days, but bearish sentiment has now taken hold....

Published 15 Sep, 2025 06:13am

Business & Finance

Citi’s London office overhaul costs hit USD1.5bn

LONDON: Wall Street bank Citigroup’s bill for refitting its tower in London has risen to USD1.5 billion (1.1...