News Archives for Business & Finance - 2025-11-14

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Business & Finance - 2025-11-14

Stocks

UAE shares drop on hawkish Fed signal

Stock markets in the United Arab Emirates fell on Friday, tracking weakness in global equities, as hawkish signals...

Published 14 Nov, 2025 08:47pm

Stocks

Sri Lankan shares end little changed

Sri Lankan shares closed largely flat on Friday, as losses in IT and consumer staples stocks offset gains across...

Published 14 Nov, 2025 08:42pm

Markets

‘Local auto industry should focus on exporting Make in Pakistan vehicles’

Three-day Pakistan Auto Show at Karachi Expo Center inaugurated on Friday

Updated 14 Nov, 2025 10:05pm

Stocks

Tech selloff, Fed hawks push TSX toward third straight weekly loss

Canada’s main stock index dropped on Friday, dragged down by hawkish signals from U.S. Federal Reserve officials, a...

Published 14 Nov, 2025 08:38pm

Europe

Switzerland wins tariff rate cut to 15% in US trade deal

ZURICH: The United States will slash its tariffs on goods from Switzerland to 15% from a crippling 39% under a new...

Published 14 Nov, 2025 08:33pm

Europe

Russia’s Lukoil in talks with potential buyers of its foreign assets

MOSCOW: Russia’s second-largest oil producer Lukoil said on Friday it has been in talks with potential buyers of its...

Published 14 Nov, 2025 08:28pm

Commodities

India allows 1.5mn ton sugar exports on higher domestic surplus

MUMBAI: India allowed sugar exports of 1.5 million metric tons in the new season, the government said in a...

Published 14 Nov, 2025 08:25pm

Stocks

Wall Street tumbles as tech selloff extends, rate cut hopes fade

Wall Street’s main indexes dropped on Friday, as technology stocks came under renewed selling pressure, while...

Published 14 Nov, 2025 08:11pm

Commodities

Copper falls as weak Chinese data raises demand concerns

LONDON: Copper and other industrial metals fell on Friday after weak economic data from top consumer China fanned...

Published 14 Nov, 2025 07:47pm

Middle East

Saudi Aramco to sign US LNG agreements during crown prince’s visit to Washington, sources say

LONDON: Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and...

Published 14 Nov, 2025 07:42pm

Forex

Indian rupee singed by risk-off mood; RBI intervention keeps record low at bay

MUMBAI: The Indian rupee weakened on Friday and for the week as global risk-off sentiment added to pressure from...

Published 14 Nov, 2025 07:35pm

Stocks

Indian shares log weekly gains on US reopening, strong earnings, Bihar boost

Indian equity benchmarks ended the week higher on Friday, led by IT and pharmaceutical stocks as the U.S....

Published 14 Nov, 2025 07:32pm

Companies

Reliance to set up 1 gigawatt AI data centre in India’s Andhra Pradesh

BENGALURU: Reliance Industries plans to set up a 1-gigawatt AI data center in India’s Andhra Pradesh, the state’s...

Published 14 Nov, 2025 07:27pm

South Asia

India strengthens privacy law with new data collection rules

BENGALURU: India put new privacy rules into force on Friday that will make Meta, Google, OpenAI and other companies...

Published 14 Nov, 2025 07:24pm

Companies

Oil India posts 43% fall in quarterly profit on low selling price, rising expenses

Indian explorer Oil India reported a 43% slump in second-quarter profit on Friday, as crude realisations, or the...

Published 14 Nov, 2025 07:21pm

Money & Banking

India’s central bank announces relief measures for exporters hit by US tariff

India’s central bank announced relief measures on Friday for businesses impacted by the recent hike in US tariffs,...

Published 14 Nov, 2025 07:17pm

Commodities

Palm ends four-week losing streak amid weak demand, elevated stocks

KUALA LUMPUR: Malaysian palm oil futures snapped a four-week decline on Friday to end on a high, despite concerns...

Published 14 Nov, 2025 07:13pm

Financial

India bonds fall as key investor class cuts purchases, auction adds supply

MUMBAI: Indian government bonds fell for a second day on Friday due to increased supply, and as a key investor...

Published 14 Nov, 2025 05:29pm

Markets

India’s central bank resumes debt buying after 6 months, pulls down yields

MUMBAI: The Reserve Bank of India resumed purchase of government bonds after a gap of six months, as it infused...

Published 14 Nov, 2025 05:20pm

Energy

OGDCL commences oil production from Pasakhi-14 in Hyderabad

Company announces commencement of 1,100 barrels per day (bpd) oil production from its new development well

Updated 14 Nov, 2025 10:23pm

Business & Finance

Cabinet approves Gwadar-Oman ferry service

Both countries to sign a memorandum of understanding to formalise ferry link

Updated 14 Nov, 2025 10:26pm

Energy

PPL announces hydrocarbon discovery in Sindh

Says the well was drilled using an exclusive sequence stratigraphic (trap) evaluation approach

Published 14 Nov, 2025 01:56pm

Energy

HUBCO’s JV Prime Global Energies secures four onshore exploration blocks

JV awarded exploration rights with other E&Ps

Published 14 Nov, 2025 01:53pm

Forex

South African rand pulls back from rally as traders await S&P rating decision

The rand traded at 17.1250 against the dollar , about 0.4% weaker than Thursday's close.

Published 14 Nov, 2025 01:51pm

Financial

Gold price per tola falls Rs3,300 in Pakistan

10-gram gold sold at Rs377,025

Published 14 Nov, 2025 01:35pm

Energy

Pakistan’s Mughal Steel advances 36.5MW captive plant, keeps copper on hold

Plant to help steelmaker reduce dependence on the national grid

Published 14 Nov, 2025 01:20pm

Mutual Funds

India bonds dip on heavy debt supply, surprise cash drain

The yield on the benchmark 10-year note was at 6.5280%

Published 14 Nov, 2025 11:37am

Stocks

Japan’s Nikkei drops 2% as tech stocks tumble

The Nikkei was down 1.8% at 50,356.47 about 12 minutes into the trading day

Published 14 Nov, 2025 11:36am

Stocks

Australia stocks sink in sea of red as miners, banks lead broad sell-off

The S&P/ASX 200 index fell 1.5% to 8,623.30

Published 14 Nov, 2025 11:34am

Forex

Australia, NZ dollars rebound after setback, still headed for weekly gains

The Aussie rose 0.3% to $0.6548 after giving up all of its post-jobs gains overnight to finish 0.2% lower as Wall Street tumbled

Published 14 Nov, 2025 11:33am

Commodities

Palm set for fifth weekly decline on weak November demand, elevated stocks

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 22 ringgit, or 0.53%

Published 14 Nov, 2025 11:30am

Markets

ANZ’s ‘good news’ culture masking problems, bank review finds

The lender had a culture that made its staff reluctant to speak up, the report found

Published 14 Nov, 2025 11:24am

Commodities

Soybeans, wheat, corn eye weekly gains ahead of US crop report

The most-active soybean contract on the Chicago Board of Trade (CBOT) added 0.24% to $11.49-3/4 a bushel

Published 14 Nov, 2025 11:23am

Commodities

Pakistan edible oil imports to reach 3.5 million metric tons in 2025, exec says

Over the January-October period, it imported 2.2 million tons of oilseeds

Published 14 Nov, 2025 11:20am

Bullion Rate

ASIA GOLD: Price rise dulls activity in top hubs; India discounts hit 5-month high

Indian dealers’ discounts were up to $43 per ounce over official domestic prices, inclusive of 6% import and 3% sales levies

Published 14 Nov, 2025 11:16am

Markets

Google offers EU to change adtech policy, no divestment

Google said on Friday that it had submitted its proposal to the EU enforcer

Published 14 Nov, 2025 11:13am

South Asia

Adani Group to invest $7.17bn in power projects in India’s Assam state

The plant is expected to start commissioning in phases from December 2030, the company said

Published 14 Nov, 2025 11:12am

Companies

TPL REIT Fund I considers divestment from HKC

TPL REIT Fund I has announced that it is evaluating a potential divestment from HKC (Private) Limited through the...

Published 14 Nov, 2025 11:09am

Exchange

Rupee continues to gain against US dollar

Currency settles at 280.72 against US dollar

Updated 14 Nov, 2025 07:45pm

Companies

Maple Leaf plans to buy majority stake in Pioneer Cement

Intends to acquire at least 58.03% shareholding and control of Pioneer Cement

Published 14 Nov, 2025 10:08am

Stocks

Stocks remain robust, KSE-100 gains nearly 1,300 points

KSE-100 hovers above 162,000 level during intra-day trading

Updated 14 Nov, 2025 08:02pm

Business & Finance

‘Sustainability, financial info catalyst for resilient bodies’

KARACHI: As COP30 begins in Brazil, new research from ACCA (the Association of Chartered Certified Accountants)...

Published 14 Nov, 2025 08:20am

Forex

Risk-off poised to drag Indian rupee near record low, challenging RBI’s defence

The 1-month non-deliverable forward indicated the rupee will open in the 88.78–88.82 range versus the US dollar

Published 14 Nov, 2025 08:17am

Markets

Amazon, Microsoft back effort to restrict Nvidia’s exports to China, WSJ reports

Meta Platforms and Alphabet's Google have not taken a position on the Act, and neither has U.S. President Donald Trump

Published 14 Nov, 2025 08:12am

Companies

PIACL BoD appreciates airline’s overall performance

KARACHI: The Board of Directors (BoD) of Pakistan International Airlines Corporation Limited (PIACL) held its 94th...

Published 14 Nov, 2025 08:00am

Companies

Faysal Bank launches ‘Mera Ghar Mera Ashiana’

KARACHI: In line with the State Bank of Pakistan’s (SBP) national initiative to promote inclusive and affordable...

Published 14 Nov, 2025 07:59am

Industry

Leading players converge as auto show opens today

KARACHI: The Pakistan Auto Show 2025 (PAPS 2025) is set to take place at the Karachi Expo Center from November...

Published 14 Nov, 2025 07:58am

Stocks

India stock benchmarks set to open lower with Bihar election results in focus

Gift Nifty futures were trading at 25,845.5 points

Published 14 Nov, 2025 07:58am

Industry

Dept’s doors always open for traders, taxpayers: RTO

PESHAWAR: Commissioner Inland Revenue, Peshawar Zone, Regional Tax Office (RTO) Peshawar, Dr Syed Farooq Jamil, has...

Published 14 Nov, 2025 07:54am

Markets

Nissan to cut jobs at European regional office as part of global overhaul

Nissan is also creating 34 new roles and opening additional vacancies to support internal redeployment, meaning the final number of redundancies will be lower

Published 14 Nov, 2025 07:51am

Business & Finance

DPC Board chief, SBP Dy Governor visit JazzCash Experience Lounge

ISLAMABAD: Dr Inayat Hussain, Chairman of the Board of Deposit Protection Corporation (DPC) and Deputy Governor of...

Published 14 Nov, 2025 07:50am

Companies

Pioneer Cement: MLCF announces bid to acquire controlling stake

KARACHI: Maple Leaf Cement Factory Limited (MLCF), one of Pakistan’s leading cement producers, has announced its...

Published 14 Nov, 2025 07:48am

Energy

Oil gains more than 2% as Russian port suspends oil exports after Ukrainian attack

Brent crude futures up $1.43, or 2.27%, at $64.44 a barrel

Updated 14 Nov, 2025 10:05pm

Industry

Gilgit-Baltistan: Samarkar launched to boost women-led enterprises

KARACHI: Karandaaz Pakistan, in partnership with Karakoram Cooperative Bank Limited (KCBL) and the National Credit...

Published 14 Nov, 2025 07:46am

Bullion Rate

Gold rises, poised for weekly gain on softer dollar

Spot gold was up 0.4% at $4,188.93 per ounce

Published 14 Nov, 2025 07:44am

Companies

SECP, PBS sign MoU to strengthen collaboration

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Bureau of Statistics (PBS)...

Published 14 Nov, 2025 07:44am

Markets

South Korea to boost EV subsidies in 2026 to help auto industry weather US tariffs

The government said in a statement passenger EV subsidies would be increased to 936 billion won in 2026, up from 780 billion won this year

Published 14 Nov, 2025 07:42am

Stocks

Stocks crumble as hopes fade for imminent Fed rate cut

Japan's Nikkei tumbled 1.8% on Friday, Australia's resources-heavy shares slid 1.5%, while South Korea plunged 2.3%

Published 14 Nov, 2025 07:36am

Forex

Dollar slumps on worries of what clearing US data fog might show

The dollar index was headed for a weekly fall of 0.3%

Published 14 Nov, 2025 07:33am

Companies

Nissan considering car development with Honda in US

TOKYO: Nissan Motor is considering a joint project for vehicle and powertrain development with Honda Motor in the ...

Published 14 Nov, 2025 07:06am

Companies

French writers sue TikTok over copyright

PARIS: A trade group representing French authors and screenwriters said Thursday that it had launched legal action...

Published 14 Nov, 2025 07:03am

Energy

Small solar-powered enterprises: rural women’s role highlighted

KARACHI: Solar energy, technical training, and determination are enabling Pakistani women to earn a dignified living...