News Archives for Business & Finance - 2025-09-18

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Business & Finance - 2025-09-18

Markets

India’s SEBI dismisses Hindenburg allegations against Adani group

MUMBAI: The Securities and Exchange Board of India on Thursday dismissed allegations of stock manipulation against...

Published 18 Sep, 2025 08:13pm

Commodities

Raw sugar hits 2-1/2-month low, arabica edges up

LONDON: Raw sugar futures on ICE fell to a 2-1/2-month low on Thursday, weighed by ample supplies, while arabica...

Published 18 Sep, 2025 07:54pm

Stocks

Wall St advances after Fed indicates more rate cuts; Intel soars

The S&P 500 and the Nasdaq hit intraday record highs on Thursday, a day after the U.S. central bank delivered a...

Published 18 Sep, 2025 07:35pm

Markets

Rains, heatwaves pose serious threats to overall cotton production: report

A recent report of the Pakistan Cotton Ginners Association (PCGA) raised serious concerns over the final output of...

Published 18 Sep, 2025 07:30pm

Business & Finance

SBP reserves rise by $21mn, stand at $14.36bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $21 million on a weekly basis,...

Published 18 Sep, 2025 07:29pm

Stocks

TSX edges higher on BoC, Fed rate cut optimism

Canada’s main stock index rose on Thursday, with tech shares offsetting declines in gold and mining stocks, a day...

Published 18 Sep, 2025 07:26pm

Business & Finance

Pakistan’s IT exports rise to $691m in July–August

Pakistan’s IT exports posted steady growth in the first two months of the current fiscal year (FY26), rising 18%...

Published 18 Sep, 2025 07:21pm

Money & Banking

Pakistan’s REER index marginally appreciates to 100.10 in August 2025

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 18 Sep, 2025 06:48pm

Money & Banking

Bank of England holds rate as inflation stays high

LONDON: The Bank of England kept its key interest rate at four percent Thursday, as elevated UK inflation offsets...

Published 18 Sep, 2025 05:20pm

Financial

India bond yields rise as Fed hits sentiment before debt sale

MUMBAI: Indian government bond yields jumped on Thursday, as hawkish commentary from Federal Reserve chair Jerome...

Published 18 Sep, 2025 05:05pm

Commodities

Asia rice: India rates hit three-year low on weak demand, abundant stocks

Prices of rice exported from India fell to their lowest level in more than three years this week, pressured by...

Published 18 Sep, 2025 04:57pm

Forex

Indian rupee ends lower tracking Asian peers as investors parse Fed outlook

MUMBAI: The Indian rupee weakened alongside its regional peers on Thursday as investors digested the U.S. Federal...

Published 18 Sep, 2025 04:41pm

Business & Finance

Citigroup, CBRE among bidders to advise Pakistan on Roosevelt Hotel redevelopment: report

Pakistan has received bids from seven international consortia, including those led by Citigroup and CBRE, to act as...

Published 18 Sep, 2025 04:38pm

Energy

Oil India sees restart of Mozambique LNG project by year’s end

NEW DELHI: India’s state-run Oil India Ltd expects a $20-billion, TotalEnergies-operated Mozambique liquefied...

Published 18 Sep, 2025 04:37pm

Commodities

Palm oil ends lower on weakness in soyoil on Dalian, Chicago exchanges

JAKARTA: Malaysian palm oil futures closed lower on Thursday, erasing the previous session’s gains, as the contract...

Published 18 Sep, 2025 04:27pm

Stocks

India’s stock benchmarks hit 10-week highs on Fed rate cut, optimism over US trade talks

India’s benchmark shares rose on Thursday, closing at 10-week high levels, led by IT and pharmaceutical shares after...

Published 18 Sep, 2025 04:19pm

South Asia

US may ease India tariffs, India’s chief economic adviser says

MUMBAI: The U.S. may soon scrap the penal import tariff on Indian goods and also cut reciprocal tariff to 10-15%...

Published 18 Sep, 2025 04:14pm

Money & Banking

Pakistan’s current account posts $245mn deficit in August

In 2MFY26, Pakistan’s C/A posted a deficit of $624mn

Updated 18 Sep, 2025 10:46pm

Business & Finance

Security Leasing Corporation announces appoinment of new chairman

Security Leasing Corporation Limited (SLCL) announced on Thursday the appointment of a new chairman. The development...

Published 18 Sep, 2025 03:04pm

Bullion Rate

Gold prices remain stable in Pakistan

Gold prices in Pakistan remained stable on Thursday in line with the international rates. In the local market, gold...

Updated 18 Sep, 2025 05:49pm

Currency

DBS, Franklin Templeton, Ripple team up on tokenised money market fund trading

SINGAPORE: DBS Group has partnered with U.S. asset manager Franklin Templeton and blockchain firm Ripple to offer...

Published 18 Sep, 2025 02:00pm

Energy

Russia plans to tweak reserve fund mechanism to ensure it is replenished with oil revenues, finance minister says

The cut-off price is currently at $60 per barrel

Published 18 Sep, 2025 01:39pm

Energy

Pakistan’s power generation increases 8% in August

Power generation in Pakistan clocked in at 14,218 GWh in August 2025, an increase of over 8% year-on-year (YoY),...

Published 18 Sep, 2025 01:28pm

Markets

Toyota to recall over 591,000 US vehicles over instrument panel issue, NHTSA says

The recall covers several models including Venza, Highlander, Lexus, Tacoma and GR Corolla

Published 18 Sep, 2025 01:21pm

Markets

Hyundai Motor to recall over 568,500 US vehicles over seat belt issue

The recall affects certain 2020-2025 model year Palisade vehicles, the National Highway Traffic Safety Administration said

Published 18 Sep, 2025 01:14pm

Stocks

European stocks rise after Fed rate cut; SIG tanks

The pan-European STOXX 600 rose 0.5% to 553.49 points

Published 18 Sep, 2025 01:06pm

Commodities

Pakistan set to export corn as Iran prepares trade mission

Iran will dispatch a high-level delegation to Pakistan within the next two weeks to finalise arrangements for...

Published 18 Sep, 2025 12:04pm

Interest Rates

National Savings Scheme: CDNS revises profit rates on schemes

The Central Directorate of National Savings (CDNS) has revised the rates of return on a number of its National...

Published 18 Sep, 2025 11:22am

Markets

Panasonic aims to develop groundbreaking EV battery in about two years

Panasonic said it also aims to reduce the proportion of nickel, which is relatively more expensive

Published 18 Sep, 2025 11:02am

Business & Finance

Toyota assembler sees vehicle demand hit as floods disrupt Pakistan economy

Indus Motor Company, the assembler of Toyota vehicles in Pakistan, has warned that ongoing floods are disrupting...

Published 18 Sep, 2025 11:00am

Mutual Funds

Foreigners snap up Asian bonds in August after two-month hiatus

"We expect a cumulative rate cut of 125bp, taking the Fed funds rate to 3.25% by March 2026," said Khoon Goh, head of Asia research at ANZ

Published 18 Sep, 2025 11:00am

Energy

Santos stock slumps as $18.7 billion ADNOC-led deal collapses

XRG declined to comment, and Santos said it would not make any comment beyond its statement released early on Thursday

Published 18 Sep, 2025 10:57am

Mutual Funds

Decline in India bond yields seen capped after convoluted Fed policy

The yield on the 10-year benchmark note is expected to move in the 6.45%-6.50% range

Published 18 Sep, 2025 10:20am

Commodities

Palm falls on lower soyoil, weaker ringgit

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange lost 50 Malaysian ringgit, or 1.12%, to 4,425 ringgit

Published 18 Sep, 2025 10:17am

Stocks

Japan’s Nikkei rises to intraday record on tech boost, Fed rate decision

The Nikkei 225 Index climbed 0.7% to 45,113.68

Published 18 Sep, 2025 10:14am

Exchange

Pakistani rupee records 30th successive gain against US dollar

Currency settles at 281.47 against the greenback

Updated 18 Sep, 2025 09:21pm

Stocks

Energy stocks drag Australian shares lower; Santos slips as ADNOC-led bid collapses

The S&P/ASX 200 index shed 0.7% to 8,753.80

Published 18 Sep, 2025 10:11am

Forex

Dollar steadies after post-Fed rollercoaster ride

The Aussie dollar also weakened after the Australian employment unexpectedly declined in August

Published 18 Sep, 2025 10:03am

Markets

Fed lowers interest rates, signals more cuts ahead; Miran dissents

At the same time, signs of job market weakness began to accumulate, with payroll growth nearing stall speed

Published 18 Sep, 2025 09:57am

Stocks

New record high: KSE-100 settles near 158,000 amid strong buying momentum

Pakistan-Saudi pact, positive economic indicators drive momentum

Updated 18 Sep, 2025 06:10pm

Markets

Hong Kong central bank cuts interest rate by 25 basis points, tracking Fed move

It was the first cut by the Hong Kong Monetary Authority since a 25 basis point cut last December

Published 18 Sep, 2025 09:45am

Bullion Rate

Gold eases as dollar firms after Fed meeting, Powell comments

Spot gold dipped 0.2% to $3,654.29 per ounce

Published 18 Sep, 2025 09:41am

Forex

Indian rupee rally to pause on retreat in Asian peers after mixed Fed signals

The 1-month non-deliverable forward indicated the rupee will open in the 87.88-87.92 range versus the US dollar

Published 18 Sep, 2025 09:39am

Stocks

Indian shares advance on IT boost after Fed rate cut

The Nifty 50 was up 0.36% at 25,420.85, and the BSE Sensex rose 0.42% to 83,048.35

Published 18 Sep, 2025 09:37am

Markets

Meta launches smart glasses with built-in display, reaching for ‘superintelligence’

The new Display glasses have a small digital display in the right lens for basic tasks such as notifications

Published 18 Sep, 2025 09:33am

Markets

Huawei’s Atlas 950 supercomputing node to debut in Q4, media reports

Xu said that the systems excel in metrics such as card count, total compute, memory capacity and interconnect bandwidth

Published 18 Sep, 2025 09:26am

Energy

Oil prices little changed as traders weigh US rate cut with worries over US economy

Brent crude futures rose 23 cents, or 0.3%, to $68.18 a barrel

Updated 18 Sep, 2025 08:31pm

Stocks

Stocks churn as traders assess Fed outlook following rate cut

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

Published 18 Sep, 2025 09:20am

Companies

vivo names Atif Aslam as brand ambassador for V Series

LAHORE: vivo, a leading global smartphone brand, has officially announced Atif Aslam as the Brand Ambassador for its...

Published 18 Sep, 2025 07:46am

Companies

BankIslami, MG Motors collaborate to offer auto financing package

LAHORE: BankIslami, Pakistan’s leading Islamic bank, has announced a special collaboration with MG Motors ...

Published 18 Sep, 2025 07:43am

Companies

JazzCash official highlights importance of digital payments

ISLAMABAD: Digital payments are an enabler of transparency, trust, and opportunity, said JazzCash Chief Product...

Published 18 Sep, 2025 07:41am

Companies

Saif Textile Mills, SkyElectric sign 10MW solar partnership

PESHAWAR: Saif Textile Mills, one of Pakistan’s leading textile manufacturers specializing in spinning, dyeing, ...

Published 18 Sep, 2025 07:39am

Companies

SECP, PSX launch ‘Investment Awareness Initiative’ in KP

PESHAWAR: Sarhad Chamber of Commerce and Industry has taken a major step toward promotion of financial literacy and...

Published 18 Sep, 2025 07:38am

Industry

Rice growers: Punjab to launch ‘Hi-Tech Bank Financing Programme’

LAHORE: The Punjab government will soon launch a ‘Hi-Tech Bank Financing Programme’ to facilitate the paddy...

Published 18 Sep, 2025 07:13am

Industry

Indonesian envoy highlights various sectors for trade

FAISALABAD: Indonesia is striving to achieve a growth rate of 7 to 8 percent through industrialisation,...

Published 18 Sep, 2025 06:40am

Business & Finance

NRL CEO says Pakistan’s mining sector can help unlock $8bn revenue by 2030

KARACHI: “Pakistan’s mining sector could see revenue triple to USD 6–8 billion by 2030, up from USD 2 billion at...

Published 18 Sep, 2025 06:39am

Industry

TOMCL secures USD7.5m orders to supply beef to China

KARACHI: The Organic Meat Company Limited (TOMCL) has announced a major export breakthrough, confirming USD 7.5...

Published 18 Sep, 2025 06:37am

Pakistan

Minister reaffirm Pakistan’s deepening maritime cooperation with China

ISLAMABAD: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry has reaffirmed Pakistan’s...

Updated 18 Sep, 2025 06:34am

Energy

Oil lower on US demand concerns

NEW YORK: Oil prices eased on Wednesday after data showed an increase in US diesel stockpiles, stoking worries about...