News Archives for Business & Finance - 2026-03-10

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Business & Finance - 2026-03-10

Energy

India’s small steelmakers face production cuts amid LNG shortages due to Iran war

Several small steel mills in Gujarat depend on imported LNG

Published 10 Mar, 2026 11:21pm

Companies

CEO of India’s IndiGo resigns, months after mass flight cancellations

The airline has a roughly 65% market share in India, the world’s fastest-growing aviation market

Published 10 Mar, 2026 11:13pm

Companies

Airlines cancel more flights as Middle East conflict escalates

Latest on flights in alphabetical order

Published 10 Mar, 2026 07:53pm

Markets

State Bank of India to tap infrastructure bonds after a 16-month hiatus, bankers say

MUMBAI: India’s largest lender, State Bank of India, will issue infrastructure bonds in March after a gap of about...

Published 10 Mar, 2026 05:18pm

Business & Finance

Jazz secures 190 MHz additional spectrum worth $239.375mn in auction

Nearly 40% of Pakistani subscribers still lack access to 4G

Published 10 Mar, 2026 04:43pm

Money & Banking

Pakistan receives $3.3bn in remittances in February 2026

During 8MFY26, remittances clock in at $26.5bn

Published 10 Mar, 2026 03:58pm

Exchange

Rupee inches up against US dollar

Currency settles at 279.36

Updated 10 Mar, 2026 07:29pm

Stocks

European stocks rebound after Trump’s war remarks

Frankfurt's DAX index of top German companies jumped 2.1 percent, the Paris CAC 40 rose 1.7 percent and London's FTSE 100 advanced 1.4 percent

Published 10 Mar, 2026 01:48pm

Commodities

Gold price gains Rs6,200 per tola in Pakistan

10-gram gold was sold at Rs462,587 after it increased by Rs5,316

Published 10 Mar, 2026 12:57pm

Energy

Aramco posts drop in annual profit, announces its first buyback

The company has relied on its massive dividend payouts to reward shareholders

Published 10 Mar, 2026 12:39pm

Companies

P&G exit: Gillette Pakistan offers Rs700 per share to minority shareholders

GLPL initially proposed to purchase shares from public shareholders at Rs216.49 per share

Published 10 Mar, 2026 12:39pm

Stocks

UAE bourses edge higher as Trump predicts Mideast de-escalation

Dubai Financial Market -which operates the emirate’s stock exchange- jumped 7.5%

Published 10 Mar, 2026 12:29pm

Markets

Renault targets 23% jump in sale volumes by 2030 from overseas push

The French automaker is facing intensifying competition from low-cost Chinese players including BYD and Chery as well as traditional rivals like Stellantis

Published 10 Mar, 2026 12:26pm

Companies

Lotte Chemical Pakistan plans to acquire majority stake & control in Engro Polymer

Lotte Chemical Pakistan Limited has announced its intention to acquire shares and control of Engro Polymer &...

Published 10 Mar, 2026 11:19am

Energy

Egypt raises domestic fuel prices

Egypt raised prices on a wide range of fuel products on Tuesday

Published 10 Mar, 2026 11:17am

Mutual Funds

Japan bonds rally as retreating oil prices curb inflation concerns

The benchmark 10-year JGB yield fell 3.5 basis points (bps) to 2.150%

Published 10 Mar, 2026 11:15am

Commodities

Chicago soy, grains retreat as technical selling unwinds crude-driven rally

The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.27% to $11.93 a bushel

Published 10 Mar, 2026 11:10am

Stocks

South Korean shares rebound 6.5% as Trump signals Iran war may end soon

The benchmark KOSPI was up 342.72 points, or 6.53%, at 5,594.59

Published 10 Mar, 2026 11:09am

Commodities

Aluminium slides as Trump vows quick Mideast war resolution

The most-traded aluminium contract on the Shanghai Futures Exchange slipped 2.88% to 24,465 yuan ($3,550.95) per metric ton

Published 10 Mar, 2026 11:06am

Markets

South Korea fines Mercedes $7.6mn over misleading EV battery information

An FTC official said Mercedes German headquarters and its Korean unit would jointly pay the fine

Published 10 Mar, 2026 11:00am

Forex

Thai baht/US dollar up slightly on Tuesday

The baht was 0.03% higher at 31.71 versus the dollar, after trading in a range of 31.11 to 30.93

Published 10 Mar, 2026 10:58am

Mutual Funds

India bonds may firm at open as Trump’s comments push oil lower

The benchmark 6.48% 2035 bond yield will likely hover between 6.67% and 6.72%

Published 10 Mar, 2026 10:57am

Stocks

China, Hong Kong shares rebound on hopes Middle East conflict eases

Hong Kong’s benchmark Hang Seng Index was up 1.6%

Published 10 Mar, 2026 10:53am

Energy

China January-February crude imports surge on higher refinery throughput, stockpiling

Imports in January and February totalled 96.93 million metric tons, or about 11.99 million barrels per day (bpd)

Published 10 Mar, 2026 10:45am

Commodities

Malaysia’s February palm oil stocks fall 4%, MPOB says

Crude palm oil production declined 18.6% from January to 1.28 million tons

Published 10 Mar, 2026 10:44am

Commodities

China January-February soybean imports down 7.8% on slow Brazil harvest, customs delays

China’s soybean imports fell in the first two months of the year

Published 10 Mar, 2026 10:42am

Forex

Australian, NZ dollar rebound as oil unwinds record surge

Investors pared bets of more rate hikes coming from the Reserve Bank of Australia

Published 10 Mar, 2026 10:41am

Stocks

Australian shares recover slightly as retreating oil soothes inflation fears

The S&P/ASX 200 index rose 1.6% to 8,739.20

Published 10 Mar, 2026 10:39am

Stocks

Japan’s Nikkei rallies as G7 moves to stabilise energy markets

The benchmark Nikkei 225 Index climbed 3.09% to 54,360.67

Published 10 Mar, 2026 10:37am

Technology

Pakistan raises $507mn in long-awaited 5G spectrum auction

Three telecom operators, including Jazz, Zong and Ufone, participated in the auction

Updated 10 Mar, 2026 03:06pm

Stocks

Positive sentiments return to bourse, KSE-100 gains over 6.6%

Benchmark index settles at 156,177.12

Updated 10 Mar, 2026 03:34pm

Stocks

Indian shares set to open higher as Trump’s Iran war remark eases crude

GIFT Nifty futures were at 24,393.50

Published 10 Mar, 2026 08:35am

Forex

Indian rupee set to recover after Trump comments calm oil market; risks linger

The 1-month non-deliverable forward indicated the rupee will open in the 91.90-92.00 range versus the US dollar, having dropped 0.64% on Monday to 92.3275

Published 10 Mar, 2026 08:32am

Bullion Rate

Gold gains on weaker dollar, easing inflation concerns

Spot gold rose 0.5% to $5,161.54 per ounce
US gold futures for April delivery rose 1.3% to $5,171.10

Updated 10 Mar, 2026 10:50am

Forex

Dollar eases with oil on hopes of swift end to Iran war

Sterling recovered from a ⁠Monday dip to hold at $1.3412 and the New Zealand dollar steadied at $0.5932

Published 10 Mar, 2026 08:21am

Business & Finance

CCP market assessment: ‘Civil aviation sector facing mounting economic pressures’

ISLAMABAD: Pakistan’s civil aviation sector is facing mounting economic pressures, structural weaknesses, and an...

Published 10 Mar, 2026 08:18am

Stocks

Asia markets rebound, oil dives as Trump says Iran war could end soon

MSCI's broadest index of Asia-Pacific shares outside Japan was up 2.6%

Published 10 Mar, 2026 08:15am

Business & Finance

CCP recommends transparent aviation tax regime

ISLAMABAD: The Competition Commission of Pakistan (CCP) has recommended a predictable, transparent, and...

Published 10 Mar, 2026 08:14am

Energy

Oil dives, settles down 11% after Trump predicts Middle East de-escalation

Brent futures fell $11.16, or 11%, to settle at $87.80 a barrel

Updated 11 Mar, 2026 02:21am

Pakistan

Senate panel voices concern over hike in POL prices

ISLAMABAD: The Senate Standing Committee on Economic Affairs on Monday voiced serious concern over the sharp...

Published 10 Mar, 2026 08:02am

Industry

Economic situation: Strong policy support essential for industrial sector: LCCI

LAHORE: President of the Lahore Chamber of Commerce and Industry, Faheem ur Rehman Saigol, said that in the current...

Published 10 Mar, 2026 07:57am

Business & Finance

Auctionable containers at KPT: MoMA waives off demurrage charges

ISLAMABAD: The Ministry of Maritime Affairs has announced a waiver of demurrage charges on auctionable containers at...

Published 10 Mar, 2026 07:52am

Energy

Oil prices jump 7pc

NEW YORK: Oil prices jumped about 7 percent on Monday to settle at their highest since 2022, after soaring by as...

Published 10 Mar, 2026 07:40am

Industry

There are stocks of ghee, edible oil for two months: PVMA chief

KARACHI: Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan has assured that...