News Archives for Business & Finance - 2026-05-26

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Business & Finance - 2026-05-26

Energy

Indian govt to sell up to 2% stake in Coal India via offer for sale

The Indian government will sell a stake of up to 2% in Coal India via an offer for sale (OFS), an exchange filing by...

Published 26 May, 2026 09:13pm

Markets

Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

Pakistan currently has no strategic petroleum reserves

Updated 26 May, 2026 09:30pm

Business & Finance

Fauji Fertilizer inks $1.12bn project under CPEC 2.0

Pakistan's first coal-to-fertilizer plant will transform local coal into 717,000 tons of urea annually

Updated 26 May, 2026 09:33pm

Commodities

India cancels soymeal export deals, turns to African soybean imports, sources say

Soymeal, a widely used livestock feed ingredient, is produced when soybeans are crushed for oil extraction

Published 26 May, 2026 02:36pm

Markets

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

Overall phone ⁠shipments in China last month were up 2.8% year-on-year to ⁠25.73 million units, according to the data

Published 26 May, 2026 02:28pm

Markets

China restricts overseas travel for top AI talent at Alibaba and DeepSeek, Bloomberg News reports

The professionals would need approval from relevant authorities before ⁠taking a trip abroad, the report ⁠said

Published 26 May, 2026 01:55pm

Commodities

Gold price drops by Rs2,400 per tola in Pakistan

International rate of gold declines by $24 to reach $4,530 per ounce

Published 26 May, 2026 01:27pm

Markets

UK shop price inflation picks up, retailers ask government to help

Food price inflation slowed to 2.7%, its lowest in a year, from 3.1%

Published 26 May, 2026 12:07pm

Companies

This Hajj, someone you know is in Makkah

The Dream “Next year, Insha’Allah.” “Once things settle down.” “When the business stabilizes.” But over time, that...

Published 26 May, 2026 11:59am

Forex

South African rand slips on Iran uncertainty ahead of key central bank data

The rand traded at 16.3375 against the dollar , about 0.3% down from its previous close

Published 26 May, 2026 11:44am

Stocks

Indian shares muted as US strikes dent Mideast peace hopes, spur caution

India’s benchmark Nifty 50 added 0.11% to 24,057.95

Published 26 May, 2026 10:19am

Bullion Rate

Gold slips as US-Iran tensions lift oil, stoke inflation fears

Spot gold was down 0.6% at $4,542.20 per ounce

Updated 26 May, 2026 10:50am

Forex

Indian rupee's rally may be halted by dented peace deal hopes, month-end dollar demand

The Indian rupee is expected to open in the 95.25-95.30 range, per traders, after ending at 95.23 on Monday

Published 26 May, 2026 10:04am

Stocks

Oil rises, stocks mixed as new US strikes dampen peace deal optimism

Stock markets were mixed, with MSCI’s broadest index of Asia-Pacific shares outside Japan advancing 0.8%, while Japan’s Nikkei shed 0.2%

Published 26 May, 2026 10:02am

Forex

Dollar wobbles as markets cling to hopes for Middle East peace deal

The euro held onto its gains to trade at $1.16365 on Tuesday, while the Japanese yen fetched 158.95 per U.S. dollar

Published 26 May, 2026 09:57am

Energy

Brent crude jumps 4% as US strikes in Iran fuel Hormuz shipping fears

Global benchmark Brent rises $3.78, or 3.9%, to $99.92 a barrel

Updated 26 May, 2026 09:09pm

Pakistan

‘Hali Road to Fateh Chowk’: HSATI chief concerned at condition

HYDERABAD: Hyderabad SITE Association of Trade and Industry Chairman Zubair Ghangra has expressed concern and anger...