News Archives for Business & Finance - 2026-03-11

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Business & Finance - 2026-03-11

Markets

Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow

DUBAI/LONDON: Citigroup and Standard Chartered have begun evacuating their Dubai offices, telling staff to work from...

Published 11 Mar, 2026 10:08pm

Business & Finance

Finance minister consults banks amid evolving regional situation

The finance minister briefs participants on the steps being take to assess potential economic implications

Published 11 Mar, 2026 09:21pm

Markets

‘Not just an OMC’: how PSO carving its path amid energy transition

Pakistan State Oil is an energy producer, not restricted to oil retail, says its Head of ESG, Farrukh Ahmad

Published 11 Mar, 2026 07:37pm

Middle East

Saudi Aramco seeks dual Gulf, Red Sea buyer plans amid Iran crisis, sources say

Aramco has extended the deadline for buyers to submit their nominations until Friday

Published 11 Mar, 2026 04:02pm

Middle East

KLM cancels all flights to Dubai until March 28

It remained available to repatriate stranded travellers, a process handled through the Dutch Ministry of Foreign Affairs

Published 11 Mar, 2026 03:49pm

Technology

CCP approves inDrive Group’s acquisition of e-Commerce platform KRRAVE

The Competition Commission of Pakistan (CCP) has authorized the acquisition of majority shareholding in KRRAVE...

Published 11 Mar, 2026 03:43pm

Companies

India GAIL buys Oman LNG cargo, sources say

GAIL has bought the prompt cargo for delivery next week from a European trader

Published 11 Mar, 2026 03:14pm

South Asia

India to fast-track Chinese investments in more sectors, says official

NEW DELHI: India will allow Chinese investment in additional sectors through a fast-track approval mechanism, New...

Published 11 Mar, 2026 03:09pm

Exchange

Rupee records gain against US dollar

Currency settles at 279.35 against greenback

Updated 11 Mar, 2026 06:15pm

Stocks

European shares fall as Mideast tensions keep investors on edge

Benchmark STOXX 600 fell 0.7% to 601.84 points

Published 11 Mar, 2026 02:58pm

Europe

ECB will react if Iran war pushes up inflation, Nagel says

FRANKFURT: The European Central Bank will move quickly and decisively if more expensive fuel due to the Iran war...

Published 11 Mar, 2026 02:36pm

Financial

Gold per tola gains Rs3,700 in Pakistan

Silver remains stable at Rs9,354 per tola

Published 11 Mar, 2026 02:23pm

Energy

Pakistan fuel supplies stable despite Middle East oil turmoil, PM aide tells Bloomberg

Recent increase in petroleum and diesel prices has hit the Pakistani consumer ‘really hard’, says Zaidi

Published 11 Mar, 2026 12:58pm

USA

Trump announces new US refinery backed by India’s Reliance

'Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment,' Trump says

Published 11 Mar, 2026 12:54pm

Stocks

South Korean shares rise but pare gains on foreign selling over Mideast worry

Benchmark KOSPI closed up 77.36 points, or 1.4%, at 5,609.95

Published 11 Mar, 2026 12:33pm

Companies

Zara owner Inditex reports 9% sales growth at start of first quarter

Sales in the November to January quarter rose to 11.69 billion euros

Published 11 Mar, 2026 12:28pm

Commodities

Aluminium holds high with Mideast supply disruption in focus

Benchmark three-month aluminium on the London Metal Exchange was up 0.5% at $3,423 per ton

Published 11 Mar, 2026 12:13pm

Commodities

Iron ore climbs on prospects of output recovery, supply constraints

Benchmark April iron ore on the Singapore Exchange traded 0.49% higher to $104.25 a ton

Published 11 Mar, 2026 12:07pm

Forex

Indian rupee retreats past 92, state-run banks’ dollar sales cushion fall

Indian rupee closed down 0.2% at 92.04 against the U.S. dollar

Updated 11 Mar, 2026 03:44pm

Commodities

Palm oil ends higher on Chicago soyoil strength, crude oil rebound

Benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 71 ringgit

Updated 11 Mar, 2026 03:52pm

Commodities

Gold edges higher on safe-haven demand ahead of US CPI data

Spot gold was up 0.2% at $5,202.10 per ounce

Published 11 Mar, 2026 11:31am

Energy

Japanese utilities’ LNG reserves down 3% on weekly basis

Japan gets around 6% of its LNG supplies via the Strait of Hormuz

Published 11 Mar, 2026 11:28am

Stocks

Asia shares advance on hopes for oil stocks release, as chip giants lift Korea, Taiwan

MSCI emerging markets stocks index rose 1.7%

Published 11 Mar, 2026 11:23am

Stocks

Australian shares extend recovery as miners rally on strong metal prices

S&P/ASX 200 index was up 0.2% at 8,713.10

Published 11 Mar, 2026 11:17am

Stocks

Japanese shares lifted by AI-related stocks, easing concern on oil supply

Nikkei jumped 1.4% to close at 55,025.37

Updated 11 Mar, 2026 12:20pm

Stocks

China, HK shares edge up in volatile trading; new energy, tech lead gains

Shanghai Composite index edged up 0.05% at 4,125.32 points

Published 11 Mar, 2026 11:12am

Stocks

Indian shares end lower as Mideast war, volatile oil hit sentiment

Nifty 50 settled 1.6% down at 23,866.85 and the BSE Sensex declined 1.7% at 76,863.71

Updated 11 Mar, 2026 03:41pm

Energy

Oil prices up 4% as supply fears mount despite record stocks release plan

Brent futures rose $3.40, or 3.9%, to $91.20 a barrel by 11:17 am EDT

Updated 11 Mar, 2026 09:53pm

Forex

Currency market on tenterhooks as Iran war weighs on sentiment

Global markets have been betting that U.S. President Donald Trump will seek to end the conflict soon

Published 11 Mar, 2026 10:58am

Business & Finance

K-Electric postpones EOGM, expands directors to 13

Says the government intends to exercise its shareholder right to nominate or elect directors to the board

Published 11 Mar, 2026 10:05am

Stocks

KSE-100 sheds over 300 points after volatile trading at PSX

Benchmark index settles at 155,858.47

Updated 11 Mar, 2026 06:00pm

Industry

Industrial planning in Punjab will be in consultation with business community: DG EPD

LAHORE: Director General Environment Protection Department Imran Hamid Sheikh has said that future industrial...

Published 11 Mar, 2026 08:28am

World

Russia resumes grain exports to Iran via Caspian Sea

MOSCOW: Russian companies have resumed grain exports to Iran, its third-largest grain buyer, through the Caspian Sea...

Published 11 Mar, 2026 08:03am

Companies

Zong

ISLAMABAD: Zong, the country’s pioneering technology service enterprise and a subsidiary of the global...

Published 11 Mar, 2026 07:25am

Companies

JazzWorld

ISLAMABAD: Pakistan’s leading connectivity provider from JazzWorld, on Tuesday announced that it has secured 190 MHz...

Published 11 Mar, 2026 07:22am

Companies

PTML

ISLAMABAD: Pak Telecom Mobile Limited (PTML), operating under the brand name Ufone, alongside its digital telecom...

Published 11 Mar, 2026 07:18am

Business & Finance

Aramco CEO says war could have ‘catastrophic consequences’ on oil markets

RIYADH: The head of energy giant Saudi Aramco on Tuesday warned the Middle East war could have “catastrophic...