News Archives for Business & Finance - 2026-04-21

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Business & Finance - 2026-04-21

USA

Trump’s Fed chair pick vows to safeguard independence at confirmation hearing

WASHINGTON: Kevin Warsh, Donald Trump’s choice to lead the US Federal Reserve, vowed Tuesday to protect central bank...

Published 21 Apr, 2026 10:25pm

Stocks

IPO at PSX: Wahdat Poultry’s stock price surges 50% to Rs18 per share

Book building oversubscribed 5 times to 182.22 million shares on second day against offered volume of 37.17 million shares.

Updated 22 Apr, 2026 07:46pm

Companies

Apple’s Ternus era hints at renewed hardware focus, AI growth push

'The market will take comfort from the fact that the incoming chief executive has been running Apple’s hardware business'

Published 21 Apr, 2026 08:04pm

Stocks

Most Gulf markets inch higher on hopes of US-Iran peace talks

Dubai’s main share index - which fell 2.1% in the previous session - closed up 0.3%

Published 21 Apr, 2026 07:56pm

Stocks

Wall St gains as AI, earnings momentum outweigh Middle East angst

Dow Jones Industrial Average rose 309.83 points

Published 21 Apr, 2026 07:25pm

Commodities

Copper in limbo as traders await Iran war, Fed signals

Benchmark three-month copper on the LME was up 0.1% at $13,288 per metric ton

Published 21 Apr, 2026 06:55pm

Energy

Saudi Arabia February crude exports up, output highest since 2022, JODI says

The Iran war has caused supply shocks and driven oil prices higher

Published 21 Apr, 2026 06:47pm

South Asia

Prolonged energy disruption to widen India trade deficit, strain fiscal account, Moody’s says

Foreign investors offloaded Indian shares worth $18.6 billion so far in 2026

Published 21 Apr, 2026 06:39pm

Financial

India bonds tick up tracking oil, market focus on US-Iran talks

India’s benchmark 6.48% 2035 bond yield ended at 6.889%

Published 21 Apr, 2026 06:34pm

Markets

India regulator’s panel recommends NSE pay $193 million to settle cases, sources say

'NSE’s proposal to settle past infractions was considered by the panel about a fortnight ago for approval'

Published 21 Apr, 2026 06:28pm

Energy

Azerbaijan says it is ready to supply LNG to Pakistan

'SOCAR is ready to provide LNG to Pakistan as soon as PLL submits a corresponding request,' company says

Updated 21 Apr, 2026 11:10pm

Commodities

Palm rises on firmer rival oils, Indonesia’s biodiesel trials

Dalian’s most-active soyoil contract rose 1.90%

Published 21 Apr, 2026 06:04pm

Markets

Indian banks hold back on NDF contracts for clients despite RBI loosening curbs, sources say

They are not treating the partial removal of curbs as a return to business as usual, as the RBI remains watchful of currency market activity

Published 21 Apr, 2026 04:43pm

Business & Finance

Pakistan‑China trade: PCDMA, CCPIT seal MoU

Pakistan Chemicals & Dyes Merchants Association (PCDMA) and China Council for the Promotion of International...

Published 21 Apr, 2026 04:30pm

Companies

Nestle India profit jumps 26% on strong demand, shares rise

Nestle India said revenue for the March quarter grew 23% to 67.48 billion Indian rupees

Published 21 Apr, 2026 04:18pm

Forex

Indian rupee falls, tracking Asian peers; partial rollback of RBI FX curbs weighs

Indian rupee fell 0.4% to close at 93.50 per U.S. dollar

Published 21 Apr, 2026 04:15pm

Stocks

Indian shares end at 6-week high as banks gain, Iran peace hopes aid sentiment

Nifty 50 rose 0.87% to 24,576.60, and the BSE Sensex added 0.96% to 79,273.33

Published 21 Apr, 2026 04:12pm

Exchange

Rupee gains ground against US dollar

Settles at 278.90 against greenback

Updated 21 Apr, 2026 09:13pm

Business & Finance

P3A to be revamped, placed under Privatisation Division

Prime Minister Shehbaz Sharif has given in-principle approval to further integrate the Public-Private Partnership...

Published 21 Apr, 2026 02:47pm

Energy

War in Iran is causing biggest energy crisis in history, IEA says

Birol had said earlier this month that he viewed the current situation in global energy markets as worse than previous crises in 1973, 1979 and 2022 combined

Updated 21 Apr, 2026 03:25pm

Business & Finance

Dawood Lawrencepur Limited appoints CEO, chairman

Dawood Lawrencepur Limited (DLL) announced on Tuesday key appointments. The development was shared in a notice to...

Published 21 Apr, 2026 02:32pm

Business & Finance

Pakistan reentry into intl capital makets signals improved confidence, says Aurangzeb

Pakistan’s privately placed Eurobond transaction witnessed strong investor interest, says Aurangzeb

Published 21 Apr, 2026 12:53pm

Stocks

European shares edge higher as Mideast peace talks keep investor hopes alive

The pan-European STOXX 600 index was up 0.1% to 621.99 points

Published 21 Apr, 2026 12:40pm

Commodities

Copper dips as traders eye US-Iran talks, Fed Chair nominee’s Senate hearing

Benchmark three-month copper on the London Metal Exchange eased 0.17% to $13,252.50 a metric ton

Published 21 Apr, 2026 12:38pm

Commodities

Dalian iron ore extends gains as Chinese steel mills restock for holiday

The benchmark May iron ore on the Singapore Exchange was flat at $106.95 a ton

Published 21 Apr, 2026 12:36pm

Commodities

Gold price per tola drops by Rs1,000 in Pakistan

International rate of gold declines by $10 to reach $4,778 per ounce

Updated 21 Apr, 2026 06:12pm

Companies

Matco Foods approves fresh investment in Falak Foods

Shares in a notice to the PSX

Published 21 Apr, 2026 11:51am

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.14% lower at 32.06 versus the dollar, after trading in a range of 32.005 to 32.110

Published 21 Apr, 2026 11:51am

Business & Finance

Pre-Trump announcement trades fuel insider trading concerns, report finds

A pattern of unusual trading activity has been observed during the second term of Donald Trump, with traders placing...

Published 21 Apr, 2026 11:25am

Commodities

Wheat rises on worsening US crop ratings, though ample supply limits gains

The most-traded wheat contract on the CBOT Wv1 was up 0.3% at $6.07-1/2 a bushel

Published 21 Apr, 2026 11:03am

Mutual Funds

India bonds seen little changed; state debt sale, US-Iran talks in focus

India’s benchmark 6.48% 2035 bond yield is expected to drift in a 6.87%-6.91% range

Published 21 Apr, 2026 10:57am

Forex

Indian rupee markets navigate partial RBI rollback, US-Iran risks simmer

The rupee will open in the 93.08-93.14 range versus the US dollar

Published 21 Apr, 2026 10:53am

Stocks

China stocks slip as investors eye US-Iran talks

At the midday break, the benchmark Shanghai Composite index slipped 0.24%, while the blue-chip CSI300 Index lost 0.35%

Published 21 Apr, 2026 10:51am

Stocks

South Korea’s KOSPI rises to record high as chipmakers surge on export boom

The KOSPI benchmark climbed as much as 2.3% to 6,361.17 in morning trade

Published 21 Apr, 2026 10:43am

Commodities

Palm rises on firmer rival oils, weaker crude oil caps gains

Palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange gained 39 ringgit, or 0.87%, to 4,537 ringgit a metric ton

Published 21 Apr, 2026 10:37am

Forex

New Zealand dollar gains on inflation beat, markets ponder May rate hike

New Zealand's consumer inflation picked up to 0.9% in the first quarter

Published 21 Apr, 2026 10:35am

Forex

China’s yuan inches higher as investors await potential US-Iran peace talks

yuan inched higher against the dollar on Tuesday

Published 21 Apr, 2026 10:32am

Stocks

Australia shares flat as investors eye US-Iran talks

The benchmark S&P/ASX 200 index was flat at 8,956.70 points

Published 21 Apr, 2026 10:18am

Stocks

Japan’s Nikkei rises as tech gains on Middle East deal optimism

The Nikkei was up 1.07% at 59,453.44

Published 21 Apr, 2026 10:15am

Stocks

Buying returns to bourse, KSE-100 gains over 950 points

Benchmark index settles at 173,155.79

Updated 21 Apr, 2026 05:11pm

Markets

Pakistan gets second $1bn tranche from Saudi Arabia: SBP

KSA had committed $3 billion in additional deposits

Updated 21 Apr, 2026 04:44pm

Markets

Who is John Ternus, Apple’s new CEO?

Ternus joined ⁠Apple's product design team in 2001 and became a vice president of hardware engineering in 2013

Published 21 Apr, 2026 07:53am

Energy

Oil steadies as markets await possible US-Iran talks

Brent crude futures edged down by 18 cents to $95.30 a barrel
US WTI for May lost 30 cents to $89.31

Updated 21 Apr, 2026 06:10pm

Stocks

Indian shares set for muted start as investors eye US-Iran talks, earnings

GIFT Nifty futures were trading ‌at 24,394 points

Published 21 Apr, 2026 07:42am

Bullion Rate

Gold eases on firmer dollar as investors await clarity on US-Iran talks

Spot gold was down 0.2% at $4,807.91 per ounce
US gold futures for June delivery were steady at $4,827.30

Updated 21 Apr, 2026 10:04am

Stocks

Stocks rebound as Iran peace talks in focus; Warsh hearing looms

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.9%

Published 21 Apr, 2026 07:36am

Forex

Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay

The euro stood at $1.1782 and sterling traded at $1.35225 , both down roughly 0.1% so far on the day
The risk-sensitive Australian dollar weakened 0.1% to $0.7171 in early trading

Updated 21 Apr, 2026 12:32pm

Business & Finance

Govts of SAARC nations urged to focus on economic cooperation

KARACHI: Spokesperson of the Businessmen Panel (BMP) South and former Chairman of the Rice Exporters Association of...