News Archives for Business & Finance - 2026-05-08

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Business & Finance - 2026-05-08

Stocks

S&P 500, Nasdaq hit fresh peaks as tech stocks, jobs data lift sentiment

Dow Jones Industrial Average rose 106.64 points, or 0.22%, to 49,703.61

Published 08 May, 2026 08:10pm

Commodities

India's Swiggy posts narrower quarterly loss as food delivery, Instamart growth stays strong

Instamart (Swiggy) reports that its adjusted earnings before interest, taxes, depreciation and amortisation margins improve to negative 10.9%

Published 08 May, 2026 08:04pm

Stocks

Sri Lankan shares buoyed by gains in communication services stocks

CSE All-Share index settled up 0.29% at 23,063.98, gaining 2.3% for the week

Published 08 May, 2026 05:48pm

Stocks

UAE equities ease on renewed Gulf tensions

Dubai’s main index fell 0.5%

Published 08 May, 2026 05:46pm

Companies

India's Tata Consumer Products beats profit estimates on branded business growth

Tata Salt maker’s consolidated net profit rises 21.5% to 4.19 billion Indian rupees in the March quarter

Published 08 May, 2026 05:40pm

Financial

India 10-year bond logs month's worst drop on auction rout, war jitters

The benchmark 6.48% 2035 bond yield shut at 6.9809%

Published 08 May, 2026 05:20pm

Companies

Hyundai Motor India beats quarterly profit view on strong SUV demand

Hyundai Motor reports a consolidated profit of 12.56 billion Indian rupees for the quarter ended March 31

Published 08 May, 2026 05:13pm

Business & Finance

Govt approves UAE-style vehicle refurbishment, re-export framework

Framework based on international best practices

Published 08 May, 2026 04:52pm

Commodities

Asia gold: India demand subdued on higher prices, China premiums hold firm

Gold prices in India are trading around 152,600 Indian rupees per 10 grams on Friday

Published 08 May, 2026 04:43pm

Markets

Indian jeweller Titan misses quarterly profit estimates as costs bite

Profit stood at 11.79 billion Indian rupees for the quarter ended March 31

Published 08 May, 2026 04:38pm

Markets

Indian non-bank lenders plan $1.6 billion in debt sales as yields decline, bankers say

A drop in Indian corporate debt yields, especially for shorter term funds

Published 08 May, 2026 04:33pm

Commodities

Copper hits three-month high on report of longer Grasberg recovery

Benchmark three-month copper on the London Metal Exchange was up 1.3% to $13,558.50 a metric ton

Published 08 May, 2026 04:28pm

Commodities

Palm oil hits three-week low, posts second weekly loss

Dalian’s most-active soyoil contract fell 1.26%

Published 08 May, 2026 04:23pm

Markets

State Bank of India misses Q4 profit view as treasury income slumps

Income from treasury operations fell to 12.59 billion rupees from 89.91 billion Indian rupees a year earlier

Published 08 May, 2026 04:19pm

Forex

Indian rupee gains on week, US-Iran jitters spark choppy trading

Indian rupee declined nearly 94.70 to the dollar

Published 08 May, 2026 04:15pm

Stocks

Renewed Mideast hostilities drag Indian shares to trim weekly gain

Nifty 50 fell 0.62% to 24,176.15, and the BSE Sensex shed 0.66% to 77,328.19

Published 08 May, 2026 04:12pm

Exchange

Rupee inches up against US dollar

Settles at 278.70

Updated 08 May, 2026 08:03pm

Commodities

Gold price drops by Rs2,700 per tola in Pakistan

Reaches Rs494,062

Published 08 May, 2026 04:01pm

Companies

Service Long March Tyres valued at $550mn ahead of IPO, says CEO

Service Long March Tyres Limited, Pakistan’s truck and bus radial tyre (TBR) manufacturer and exporter, is currently...

Published 08 May, 2026 03:38pm

Energy

PPL successfully commissions well after decade-long delay

PPL resolves infrastructure issues for commercial viability

Published 08 May, 2026 01:57pm

Stocks

Australian shares fall as renewed US-Iran fire puts ceasefire in doubt

The S&P/ASX 200 index fell 1% to 8,788.40

Published 08 May, 2026 11:54am

Forex

Australia, NZ dollars left adrift as Gulf war bewilders

The Aussie was almost flat at $0.7207, having dipped 0.4% overnight and away from a four-year peak of $0.7277

Published 08 May, 2026 11:51am

Stocks

Japan's Nikkei retreats from record high as SoftBank Group falls

The Nikkei was down 0.3% at 62,636.00

Published 08 May, 2026 11:49am

Markets

Sony forecasts 13% rise in full-year net profit

Revenue rose four percent to 12.5 trillion yen and operating income climbed 13 percent to 1.5 trillion yen, it said in a statement

Published 08 May, 2026 11:36am

Markets

British Airways parent IAG says Mideast war to hit annual profits

'As a result we expect our profit to be lower than originally anticipated at the beginning of the year'

Published 08 May, 2026 11:34am

Forex

China yuan off 3-year high as renewed Iran hostilities cap gains

The onshore yuan traded at 6.8044 per dollar

Published 08 May, 2026 11:24am

Business & Finance

Industrialists warn minister against abrupt duty reductions

Federal Minister for Commerce Jam Kamal Khan on Friday held a detailed meeting with representatives of the Pakistan...

Published 08 May, 2026 11:19am

Commodities

Copper falls as renewed US-Iran tensions dent peace hopes

Benchmark three-month copper on the London Metal Exchange fell 0.3% to $13,354 per metric ton

Published 08 May, 2026 11:18am

Commodities

Dalian iron ore gains as steel prices rise; on track for fourth weekly gain

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) traded 0.25% higher at 817 yuan ($120.07) a metric ton

Published 08 May, 2026 11:16am

Commodities

Wheat, corn, soybeans fall; set for weekly losses

The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 0.1% to $6.11-1/2 a bushel

Published 08 May, 2026 11:12am

Stocks

China, Hong Kong stocks slip on renewed US-Iran hostilities

In Hong Kong, the benchmark Hang Seng Index declined 1.09%

Published 08 May, 2026 11:10am

Energy

Pakistan cancels LNG spot bids amid hopes of easing Middle East tensions

The cargoes were to be supplied on a Delivered Ex-Ship (DES) basis, with delivery windows scheduled for May 12–14 and May 24–26

Published 08 May, 2026 10:52am

Stocks

Indian shares decline on oil spike as US-Iran attacks dent peace hopes

The Nifty 50 fell 0.43% to 24,222.65

Published 08 May, 2026 10:42am

Commodities

Palm flat as traders wait for key data; on track for second weekly loss

The contract has declined 1.03% so far this week and is on track for a second weekly fall

Published 08 May, 2026 10:40am

Mutual Funds

Fresh US-Iran tensions drag India bonds lower ahead of new 10-year debt sale

The benchmark 6.48% 2035 bond yield was at 6.9659%

Published 08 May, 2026 10:29am

Business & Finance

Terminal operators urged to invest in Energy City, Port Qasim

Chaudhary reveals plans for an ‘Energy City’ project, featuring bonded storage facilities for multiple energy forms

Published 08 May, 2026 10:25am

Markets

Toyota sees 20% drop in annual profit as Iran war weighs

The world's top-selling automaker expects an operating income of 3.0 trillion yen ($19 billion) in the year to March 2027

Published 08 May, 2026 10:25am

Mutual Funds

JGBs little changed ahead of Bessent's visit, auctions

The 10-year JGB yield rose 0.5 basis point (bp) to 2.480%

Published 08 May, 2026 10:23am

Stocks

KSE-100 loses over 1% as US-Iran tensions escalate

Benchmark index settles at 171,115.82

Updated 08 May, 2026 05:52pm

Companies

Suzuki officially launches Fronx XUV in Pakistan

LAHORE: Pak Suzuki Motor Company (PSMC) announced the official launch of the Suzuki Fronx, with this launch, Suzuki...

Published 08 May, 2026 08:18am

Industry

Business leaders briefed on BOP’s financing schemes

LAHORE: The Bank of Punjab President & CEO and Pakistan Banks Association Chairman Zafar Masood on Thursday paid...

Published 08 May, 2026 08:16am

Forex

Oil rise on renewed US-Iran hostilities set to fizzle India rupee rally

The rupee is expected ‌to open in the 94.40-94.50 range, traders said, after settling at 94.25 on Thursday

Published 08 May, 2026 08:10am

Companies

Emirates Group posts record-breaking financial results

KARACHI: The Emirates Group has posted record-breaking financial results for the fiscal year ended March 31, 2026,...

Published 08 May, 2026 08:07am

Stocks

Oil higher on Mideast hostilities; AI drives Asian stocks to sparkling weekly gains

MSCI's broadest index of Asian shares outside Japan fell 0.8%

Published 08 May, 2026 08:07am

Taxes

Individuals, SMEs & AoPS: FBR issues draft of ‘complex’ e-return form

ISLAMABAD: The Federal Board of Revenue (FBR) has issued draft of the complicated/complex electronic income tax...

Published 08 May, 2026 08:03am

Cotton & Textile

CCRI advises growers to adopt heatwave protection steps

LAHORE: In view of a severe heatwave forecast in parts of Punjab and Sindh from May 7 to May 11, the Central Cotton...

Published 08 May, 2026 07:50am

Pakistan

Medicine prices: Senate body directs CCP to review hike

ISLAMABAD: The Senate Standing Committee on National Health Services and Regulations on Thursday advanced on major...

Published 08 May, 2026 07:47am

Energy

Oil jumps after renewed US-Iran fighting, then pares gains

Brent crude futures was at $101.47 a barrel

Updated 08 May, 2026 09:21pm

Forex

Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk

The dollar index measured against key peers was a touch firmer at 98.235

Published 08 May, 2026 07:36am

Industry

TDAP signs MoU with PSW

KARACHI: The Trade Development Authority of Pakistan (TDAP) and Pakistan Single Window (PSW) have signed a strategic...

Published 08 May, 2026 07:36am

Pakistan

ZTBL hosts high-level delegation from FAO

ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) hosted a high-level delegation from the Food and Agriculture...

Published 08 May, 2026 07:33am

Bullion Rate

Gold on track for weekly gain; markets focus on US-Iran peace deal prospects

Spot gold was up 0.3% at $4,700.80 per ounce

Published 08 May, 2026 07:31am

Companies

Supply of Toyota Genuine Motor Oil: Wafi Energy, IMC enter into strategic partnership

KARACHI: Wafi Energy Pakistan and Indus Motor Company (IMC) have formally entered into a strategic partnership for...

Published 08 May, 2026 07:02am

World

ASEAN presses for joint response to war fallout

CEBU, (Philippines): The fallout of the Middle East crisis took centre stage at meetings of the Southeast Asian bloc...

Published 08 May, 2026 06:48am

Business & Finance

Jam, Philip Morris team discuss illicit cigarette trade

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with a delegation led by Marco...