News Archives for Business & Finance - 2025-11-04

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Business & Finance - 2025-11-04

Markets

UAE gold imports from Sudan rose by 70% in 2024 despite war: NGO

GENEVA: The United Arab Emirates increased its gold imports from war-stricken Sudan by 70 percent in 2024, a Swiss...

Published 04 Nov, 2025 09:19pm

Stocks

TSX hits over one-month low on profit-taking, budget proposal awaited

Canada’s main stock index slid over 1% on Tuesday and was at its weakest since late September with investors cashing...

Published 04 Nov, 2025 08:34pm

Stocks

Wall Street heavyweights flag risk of pullback in equity markets

CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be...

Published 04 Nov, 2025 08:06pm

Stocks

Most Gulf markets in red on weak oil, Fed rate outlook

Most stock markets in the Gulf closed lower on Tuesday, weighed down by sluggish oil prices and fading hopes for a...

Published 04 Nov, 2025 07:49pm

Stocks

Sri Lanka shares end muted

CSE All-Share index settled 0.11% higher at 22,953.49

Published 04 Nov, 2025 07:40pm

Companies

Indian budget airline IndiGo posts wider loss on higher forex costs

Indian budget carrier IndiGo posted a wider second-quarter loss on Tuesday, hurt by a jump in foreign exchange...

Published 04 Nov, 2025 07:31pm

Markets

India’s SBI raises loan growth outlook to 12-14% for FY26 on central bank reforms, tax cuts

State Bank of India is raising its loan growth target for the ongoing fiscal, boosted by the central bank’s recent...

Published 04 Nov, 2025 07:28pm

South Asia

India tribunal lifts WhatsApp data-sharing ban, upholds Meta fine

An Indian appeals tribunal on Tuesday set aside an antitrust watchdog’s five-year ban on Meta-owned WhatsApp sharing...

Published 04 Nov, 2025 07:21pm

Technology

US AI firm Palantir announces joint venture in Dubai

DUBAI: US software firm Palantir launched a joint venture with the Dubai government’s investment arm on Tuesday, as...

Published 04 Nov, 2025 07:20pm

Stocks

India’s NSE sets aside 13 billion rupees to settle pending regulatory cases

BENGALURU: National Stock Exchange of India the operator of the country’s biggest bourse, said on Tuesday it has set...

Published 04 Nov, 2025 07:16pm

Commodities

Palm rebounds from four-month low

JAKARTA: Malaysian palm oil futures rose on Tuesday, recovering from a near four-month low hit in the previous...

Published 04 Nov, 2025 04:59pm

Financial

India bonds inch up on shortcovering; supply-demand worries linger

MUMBAI: Indian government bonds ticked up on Tuesday on short-covering tied to suspected central bank buying, but...

Published 04 Nov, 2025 04:56pm

Energy

India pushes government clean energy agencies to sign purchase agreements for stranded power projects

India’s power ministry has asked the country’s renewable energy implementation agencies (REIA) to explore signing...

Published 04 Nov, 2025 04:52pm

Money & Banking

SBI’s profit rises on Yes Bank stake sale, margins expand sequentially

State Bank of India the country’s largest lender by assets, reported a higher second-quarter profit on Tuesday,...

Published 04 Nov, 2025 04:46pm

Energy

Castrol India’s third-quarter profit rises on strong automotive lubricants demand

Engine oil maker Castrol India posted a 9.8% rise in third-quarter profit on Tuesday, supported by steady demand for...

Published 04 Nov, 2025 04:39pm

Energy

EU-sanctioned vessel unloads Russian naphtha at Adani-run Indian port – tracking data

NEW DELHI: A vessel under European Union sanctions is discharging Russian naphtha at a western India port operated...

Published 04 Nov, 2025 04:34pm

Forex

Indian rupee ends higher; importer dollar bids erode intervention-led rebound

MUMBAI: The Indian rupee closed stronger on Tuesday, hoisted by likely market intervention by the Reserve Bank of...

Published 04 Nov, 2025 04:28pm

Companies

India’s Adani Enterprises posts second-quarter profit drop on coal trading weakness

Adani Enterprises reported a drop in second-quarter adjusted profit on Tuesday as weakness in its core coal trading...

Published 04 Nov, 2025 04:24pm

Stocks

Indian shares drop as broader profit booking dampens earnings optimism

India’s equity benchmarks slipped on Tuesday as profit booking led by IT stocks outweighed earnings-driven gains in...

Published 04 Nov, 2025 04:20pm

Companies

India’s clean industry pipeline hampered by financing, regulatory delays, report says

NEW DELHI: India’s push to lead the clean industrial transition among emerging economies is facing significant...

Published 04 Nov, 2025 04:08pm

Companies

Novo Holdings sharpens India focus with bigger bets on niche hospitals

HYDERABAD: Novo Holdings, which controls obesity drugmaker Novo Nordisk is sharpening its focus on India, targeting...

Published 04 Nov, 2025 04:04pm

Energy

Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies

Karachi: Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with...

Published 04 Nov, 2025 03:32pm

Commodities

PIA says ‘illegal’ engineers’ strike aimed at sabotaging privatization push

Pakistan International Airlines (PIA) has accused the Society of Aircraft Engineers of Pakistan (SEAP) of attempting...

Published 04 Nov, 2025 02:46pm

Markets

Volvo Cars’ sales fall 2% in October, says market remains challenging

COPENHAGEN: Volvo Cars sold 60,455 cars in October, down 2% compared to the same period last year, the Sweden-based...

Published 04 Nov, 2025 01:58pm

Energy

TotalEnergies signs 10-year clean power deal in Spain with data centre operator Data4

French energy major TotalEnergies signed a 10-year agreement to supply renewable electricity to European data centre...

Published 04 Nov, 2025 01:56pm

Stocks

Europe’s STOXX 600 slides on global risk-off mood, mixed earnings

The pan-European STOXX 600 index was down 1.2% at 565.73 points

Published 04 Nov, 2025 01:54pm

Business & Finance

Customs intensify crackdown as silver smuggling surges amid global price hike

The Collectorate of Customs (Enforcement), Multan, successfully foiled a smuggling attempt and seized 30 kilograms...

Published 04 Nov, 2025 01:51pm

Stocks

Major Gulf markets mixed on weak oil, Fed rate outlook

Major stock markets in the Gulf were mixed in early trade on Tuesday, weighed down by sluggish oil prices and fading...

Published 04 Nov, 2025 01:50pm

Europe

Finance minister Reeves vows to do what is necessary, not popular, to protect the country

LONDON: British finance minister Rachel Reeves said on Tuesday she would do what is necessary - not popular - to...

Published 04 Nov, 2025 01:48pm

Stocks

China stocks end lower as investors take profits amid earnings, policy void

China's blue-chip CSI300 Index ended 0.8% lower, while the Shanghai Composite Index lost 0.4%

Published 04 Nov, 2025 01:46pm

Industry

Pakistan eyes maritime link with Romania to access European markets, boost blue economy

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has emphasised the need to establish stronger...

Published 04 Nov, 2025 01:38pm

Bullion Rate

Gold holds under $4,000 on dollar resilience, Fed rate outlook

Spot gold was down 0.8% at $3,970.39 per ounce

Published 04 Nov, 2025 12:19pm

Financial

Gold price per tola sheds Rs3,500 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local...

Published 04 Nov, 2025 12:05pm

Markets

Nintendo hikes operating forecast by 16%

TOKYO: Nintendo on Tuesday hiked its operating profit forecast by 16% to 370 billion yen ($2.45 billion) for the...

Published 04 Nov, 2025 11:58am

Markets

Kenya to hold follow-up meetings with IMF for new programme

NAIROBI: Kenya plans to hold follow-up meetings with the IMF in efforts to secure a new programme, Finance Minister...

Published 04 Nov, 2025 11:41am

Markets

Philips reports 3% rise in quarterly sales

Dutch medical technology company Philips reported third-quarter revenue in line with analysts’ expectations un...

Published 04 Nov, 2025 11:35am

Mutual Funds

Japan’s super-long bond yields rise ahead of auctions

TOKYO: Japan’s super-long-dated bond yields jumped on Tuesday, as investors sold the debts to steepen the curve...

Published 04 Nov, 2025 11:29am

Business & Finance

Pakistan seeks Saudi funds for major road projects

Federal Minister for Communications Abdul Aleem Khan has invited the Kingdom of Saudi Arabia to invest in Pakistan’s...

Published 04 Nov, 2025 11:26am

Stocks

Japan’s Nikkei edged lower as Advantest, SoftBank Group drag

The Nikkei was down 0.1% at 52,361.14 by the midday break

Published 04 Nov, 2025 11:25am

Energy

Aramco posts 2.3% fall in third-quarter net profit

DUBAI: Saudi Arabian oil company Aramco reported a decline of around 2% in third-quarter profit on Tuesday, mainly...

Published 04 Nov, 2025 11:13am

Mutual Funds

India bonds rise on likely central bank support; rupee strength

MUMBAI: Indian government bonds rose in early trading on Tuesday, as speculation of central bank support and the...

Published 04 Nov, 2025 11:10am

Stocks

Australian shares pare losses after cenbank holds rates as expected

The S&P/ASX 200 index was down 0.5% at 8,847.8 points shortly after the policy decision

Published 04 Nov, 2025 11:08am

Companies

Oilboy Energy redirects Rs250mn funds to expand trading operations

Oilboy Energy Limited, formerly Drekkar Kingsway Limited, has decided to redirect the funds raised through its Rs250...

Published 04 Nov, 2025 10:55am

Business & Economy

Blue economy a ‘game changer’ with $100bn potential for Pakistan: Aurangzeb

Says seafood exports, currently around $500 million, could increase to $2 billion within the next three to four years

Updated 04 Nov, 2025 12:38pm

Exchange

Rupee registers improvement against US dollar

Currency settles at 280.87 against the greenback

Updated 04 Nov, 2025 09:35pm

Stocks

KSE-100 loses momentum, sheds over 1,500 points

At close, benchmark index settles at 161,281.77, decrease of 1,521.39 points or 0.93%

Updated 04 Nov, 2025 05:20pm

Stocks

Tech rally drives Tokyo, Taipei stocks to record highs; US dollar gains

TOKYO: A rise in tech shares lifted Japan’s Nikkei and Taiwan’s TAIEX to all-time highs on Tuesday, though other...

Published 04 Nov, 2025 08:35am

Europe

UBS chairman says Switzerland is having an ‘identity crisis’

HONG KONG: UBS Chairman Colm Kelleher on Tuesday said Switzerland is having an “identity crisis” about its role in...

Published 04 Nov, 2025 08:31am

Stocks

India stock benchmarks set to open higher, supported by robust earnings

Gift Nifty futures were trading at 25,890 points

Published 04 Nov, 2025 08:21am

Stocks

Indian rupee expected to remain anchored near 88.80, RBI’s hand counters dollar strength

The 1-month non-deliverable forward indicated the rupee will open in the 88.75-88.78 range versus the US dollar

Published 04 Nov, 2025 08:18am

Energy

Oil slips on oversupply concerns and stronger dollar

Brent crude futures fell 81 cents, or 1.25%, to $64.08 a barrel

Updated 04 Nov, 2025 07:35pm

Forex

Dollar at 3-month high as traders pare near-term rate cut wagers

SINGAPORE: The dollar was steady on Tuesday, hovering near a three-month high as a divided Federal Reserve spurred...

Published 04 Nov, 2025 08:13am

Pakistan

CM urges Saudi investors to participate in upcoming mega transport projects

KARACHI: Sindh Chief Minister Syed Murad Ali Shah met with Saudi Arabia’s Minister for Transport and Logistics...

Published 04 Nov, 2025 07:44am

Industry

FPCCI body lauds boost in Pak-US relationship

KARACHI: Malik Khuda Bakhsh, Convener of the FPCCI Energy Committee, Senior Vice Chairman of the Pakistan Petroleum...

Published 04 Nov, 2025 07:43am

Energy

Revision in K-Electric’s MYT assailed

KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry...

Published 04 Nov, 2025 07:42am

Industry

C2 Steel Green Industrial Corridor project will help revive PSM: minister

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhry announced the preparation of the C2 Steel Green...

Published 04 Nov, 2025 07:36am

Business & Finance

Canadian HC voices optimism about Reko Diq’s success

ISLAMABAD: The newly appointed High Commissioner of Canada to Pakistan Tarik Ali Khan called on Federal Minister for...

Published 04 Nov, 2025 07:26am

Industry

No tax stamps on 81.01pc of cigarette brands available at retail outlets, says a survey

ISLAMABAD: A newly released survey has revealed that a staggering 81.01 percent of cigarette brands available at...

Published 04 Nov, 2025 07:24am

Business & Finance

Jam Kamal meets Turkish trade minister

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, held a meeting with Türkiye’s Minister of Trade, Prof ...

Published 04 Nov, 2025 07:22am

Industry

Textile industry deeply divided over Pakistan Accord on Health and Safety

LAHORE: Pakistan’s textile and garment sector faces intense debate over the Pakistan Accord on Health and Safety,...

Published 04 Nov, 2025 06:43am

Companies

Cherat Cement bows out: Fauji Cement joins the fray for Attock acquisition

KARACHI: The race for control of Attock Cement Pakistan Limited has taken a new turn, with Cherat Cement Company...

Published 04 Nov, 2025 06:41am

Industry

PVMA chairman urges govt to release pending sales tax refunds

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan has urged the government to...

Published 04 Nov, 2025 06:39am

Business & Finance

BoI, WTO hold workshop on IFD, need assessment

ISLAMABAD: The Board of Investment (BoI), in collaboration with the World Trade Organization (WTO) and the...

Published 04 Nov, 2025 06:33am

Taxes

Extension applications: FBR clarifies timely filers remain on ATL

ISLAMABAD: The Federal Board of Revenue (FBR) has categorically clarified that no taxpayer who has filed an ...

Published 04 Nov, 2025 06:31am

Industry

Meeting with DAPP team: LCCI chief praises overseas Pakistanis for projecting real image of country

LAHORE: Overseas Pakistanis are the true ambassadors of Pakistan and are projecting the real image of our country to...

Published 04 Nov, 2025 06:30am

Business & Finance

Export of Canadian canola to Pakistan: Pakistan, Canada agree to facilitate

ISLAMABAD: Senator Mohammad Ishaq Dar, Deputy Prime Minister/Foreign Minister of Pakistan, and Anita Anand, Minister...

Published 04 Nov, 2025 06:27am

Taxes

Officials of CTO Islamabad: President directs FBR to address grievances of tax advisers

ISLAMABAD: President Asif Ali Zardari has directed the Chairman Federal Board of Revenue (FBR) to address grievances...

Published 04 Nov, 2025 06:13am

Business & Finance

Qatar sells USD4bn in two-part debt issue

ABU DHABI: Qatar, among the world’s top exporters of liquefied natural gas, tapped global debt markets for $4...

Published 04 Nov, 2025 06:03am

Industry

Maritime minister heaps praise on PQA

KARACHI: Federal Minister for Maritime Affairs Visits Port Qasim Authority Federal Minister for Maritime Affairs,...