News Archives for Business & Finance - 2026-07-03

<<>>

Business & Finance - 2026-07-03

Middle East

CMA CGM ship hit by missile in Hormuz strait may go for scrapping, CEO says

Attack on CMA CGM San Antonio injured several members of the crew, who were evacuated.

Published 03 Jul, 2026 10:50pm

Stocks

Indian shares log weekly gains on easing oil, US rate-hike worries

Benchmark Sensex gained 0.34% to 77,763.91 on Friday, while the Nifty 50 rose 0.39% to 24,270.85

Published 03 Jul, 2026 09:01pm

Financial

India's IIFL Finance raises $300 million via social debt issue, bankers say

The non-banking finance company will offer a yield of 7.75% to investors, slightly below the initial price guidance at about 7.85%

Published 03 Jul, 2026 08:30pm

Energy

India coal-fired power output in June rises to highest since November 2023

Coal-fired power generation rose about 14% year-on-year to 120.20 billion kWh in June

Published 03 Jul, 2026 08:05pm

Companies

India allows four Chinese-linked power equipment firms to bid for government projects

India examines broader relaxations for Chinese bidders in government contracts as border tensions ease

Published 03 Jul, 2026 08:02pm

Stocks

TSX climbs 1% as miners gain, US rate-hike bets ease

Toronto Stock Exchange’s S&P/TSX composite index was up 1% at 35,333.96 points

Published 03 Jul, 2026 07:49pm

Commodities

Robusta coffee heads for fourth week of gains on supply worries

Robusta coffee fell 1.4% to $3,731 a metric ton

Published 03 Jul, 2026 07:32pm

Markets

India's ICICI Bank to join peers in dollar debt funding under RBI swap window, sources say

The lender is expected to raise at least $500 million through a likely five-year bond issue

Published 03 Jul, 2026 07:30pm

Energy

Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources

The US Treasury Department’s current sanctions waiver allows the sale of crude oil and petrochemical and petroleum products

Published 03 Jul, 2026 07:18pm

South Asia

India insurance regulator plans overhaul of commission rules to curb mis-selling, sources say

IRDAI aims to reduce high distribution costs in one of the world’s fastest-growing insurance markets

Published 03 Jul, 2026 07:01pm

Technology

World's biggest domain seller GoDaddy fears India's fake site crackdown could damage internet

Soaring smartphone and internet use has coincided with a worsening problem of online fraud in India, the world’s most populous nation

Published 03 Jul, 2026 06:58pm

Companies

HBL to Chair SCO IBC 2027

The Annual Council Meeting of the Shanghai Cooperation Organization Interbank Consortium (SCO IBC) was held on 2...

Published 03 Jul, 2026 06:49pm

Stocks

Sri Lankan shares fall for fourth straight session, post weekly loss

CSE All Share index settled down 0.19% at 22,178.73

Published 03 Jul, 2026 06:18pm

Stocks

UAE markets end higher; IHC gains on India aluminium venture

Abu Dhabi’s benchmark index settled 0.9% higher

Published 03 Jul, 2026 06:16pm

Forex

Indian rupee falls on-week as merchant, NDF-linked flows blunt dollar retreat

Indian rupee declined nearly 1% on the week to close at 95.21 per dollar

Published 03 Jul, 2026 06:15pm

Financial

India bonds rise for sixth straight week as foreign flows continue

Benchmark 6.94% 2036 bond yield ended at 6.7108%

Published 03 Jul, 2026 06:01pm

Business & Finance

Ebbing Middle East risk premium keeps aluminium under pressure

Benchmark three-month aluminium on the London Metal Exchange was down 0.1% at $3,088 a metric ton

Published 03 Jul, 2026 06:00pm

Commodities

Palm oil slips to near 3-week low, logs second weekly loss

Dalian’s most-active soyoil contract fell 0.43%

Published 03 Jul, 2026 05:55pm

Energy

India seeks to quell public backlash on ethanol-mixed fuel after 'experiment' remark

This does little to quell public anger, with opponents of the policy accusing the government of rushing its rollout

Published 03 Jul, 2026 05:38pm

Technology

AI hiring outpaces overall IT recruitment in India, report shows

The sector's AI hiring rises 16% year-on-year in June

Published 03 Jul, 2026 05:31pm

Companies

US court turns down request to extend injunctive relief against Zia Chishti

TRG Pakistan stated on Friday that a US federal court had refused to extend an order preventing former CEO Zia...

Published 03 Jul, 2026 05:06pm

Exchange

Rupee registers marginal gain against US dollar

Settles at 278.12

Updated 03 Jul, 2026 08:37pm

Business & Finance

Pakistan, Türkiye agree to enhance maritime, transport cooperation

Pakistan and Türkiye have agreed to strengthen bilateral cooperation in the maritime and transport sectors,...

Published 03 Jul, 2026 02:33pm

Business & Finance

Pakistan's GDP growth for FY26 to remain above govt estimate, says SBP chief

Workers' remittances estimated to hit above $41.5bn

Updated 03 Jul, 2026 06:21pm

Stocks

Australian shares log best week in 3 as Fed-hike bets cool; banks, miners lead

The S&P/ASX 200 index closed 1.4% higher at 8,844.40 points

Published 03 Jul, 2026 01:42pm

Forex

Thai baht/US dollar steady on Friday

The baht was 0.05% lower at 33.18 versus the dollar, after trading in a range of 33.130 to 33.260

Published 03 Jul, 2026 01:36pm

Stocks

Europe's STOXX 600 set for best week in over a month as rally broadens

Germany’s DAX index also notched an all-time high and was up 0.5%

Published 03 Jul, 2026 01:30pm

Financial

Gold price per tola gains Rs12,200 in Pakistan

Price of silver increases by Rs319 to reach Rs6,764 per tola

Updated 03 Jul, 2026 07:43pm

Markets

Vietnam Q2 GDP growth accelerates to 8.39% on year

The Southeast Asian manufacturing hub is targeting economic growth of more than 10% this year

Published 03 Jul, 2026 12:34pm

Markets

Moody's places South32 on review for ratings downgrade after Alcoa deal

The divestment would materially reduce the company’s scale, commodity diversification and operating footprint

Published 03 Jul, 2026 12:30pm

Markets

Thai exports seen up 8% to 10% this year, shippers' group says

In the first five months of 2026, exports, a key driver of Thailand’s growth, rose 17% year-on-year

Published 03 Jul, 2026 12:10pm

Markets

India issues notice to Telegram, Signal on concerns over usernames, source says

The notice comes after the government also directed Meta’s WhatsApp to stop the phased rollout of its username feature in India

Published 03 Jul, 2026 12:08pm

Markets

Julius Baer appoints Peter Burrill as CFO

The bank said in April that it was replacing CFO Evie Kostakis

Published 03 Jul, 2026 11:48am

Markets

UAE non-oil sector growth slumps to five-year low as firms shed staff, PMI shows

Export orders shrank for a third consecutive month, the longest losing streak since 2016

Published 03 Jul, 2026 11:38am

Commodities

Aluminium prices gain on weaker dollar, softer US rate hike bets

The most-traded aluminium contract on the Shanghai Futures Exchange climbed 1.18% to 22,755 yuan ($3,355.60) a ton

Published 03 Jul, 2026 11:33am

Stocks

South Korea shares rebound but set for second weekly loss

The benchmark KOSPI was up 327.43 points, or 4.28%, at 7,975.52

Published 03 Jul, 2026 11:32am

Forex

China's yuan inches higher, set for first weekly gain in three weeks

Spot yuan is allowed to trade 2% on either side of the fixed midpoint each day

Published 03 Jul, 2026 11:30am

Forex

Aussie, kiwi set to snap losing streak as soft US jobs dent dollar

The Aussie edged up 0.1% to $0.6932, having climbed 0.4% overnight to as high as $0.6943

Published 03 Jul, 2026 11:29am

Stocks

China stocks rebound after selloff; Hong Kong extends gains on Fed rate outlook

In Hong Kong, the Hang Seng Index advanced 1.6%, while the city’s tech shares jumped 2%

Published 03 Jul, 2026 11:27am

Commodities

Palm opens lower, on track for second weekly loss

Palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 14 ringgit, or 0.31%, at 4,492 ringgit ($1,106.40) a metric ton

Published 03 Jul, 2026 11:21am

Stocks

Japan's Nikkei heads for weekly loss as tech valuation concerns weigh; Topix rises

The broader Topix climbed 0.91% to 4,051.48

Published 03 Jul, 2026 11:10am

Business & Finance

Pakistan registers record 43,559 new companies in FY2025–26

Marks a 24% increase

Published 03 Jul, 2026 11:02am

Business & Finance

Pakistan turns FIFA World Cup into export promotion platform

Pakistan is using the FIFA World Cup 2026 to highlight its premium football manufacturing, projecting industrial strength and a soft image to secure new export opportunities

Published 03 Jul, 2026 10:24am

Stocks

Buying continues at bourse, KSE-100 settles with nearly 900-point gain

Benchmark index settles at 185,372.20

Updated 03 Jul, 2026 06:21pm

Forex

Indian rupee eyes reprieve as lukewarm jobs report pushes back Fed hike wagers

The currency is expected to open in the 95.12-95.16 range, per traders, having settled at 95.3925 on Thursday

Published 03 Jul, 2026 07:54am

Commodities

BHP to transfer Arizona property to Canada's Faraday Copper for 30% stake

After the completion ⁠of the deal, BHP would receive shareholder and offtake rights alongside its stake in Faraday, according to a statement on Thursday

Published 03 Jul, 2026 07:50am

Stocks

Asian markets choppy as US jobs data douse Fed rate hike bets

MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, edging up 0.1% after two consecutive days of declines

Published 03 Jul, 2026 07:47am

Bullion Rate

Gold heads for first weekly rise in five on easing Fed rate hike bets

Spot gold was up 0.5% to $4,144.83 per ounce

Published 03 Jul, 2026 07:43am

Stocks

Indian shares to open higher on easing Fed rate-hike bets

GIFT Nifty futures were at 24,414

Published 03 Jul, 2026 07:38am

Forex

Dollar heads for weekly drop as jobs data dims Fed hike bets

The dollar index , which measures the greenback against a ⁠basket of currencies including the yen and the euro, was 0.2% lower at 100.77 after a 0.5% decline on Thursday

Published 03 Jul, 2026 07:36am

Energy

Oil prices stable as US-Iran peace efforts hold

Brent futures were down 4 cents, or 0.06%, at $71.76 a barrel

Updated 03 Jul, 2026 06:12pm

Business & Finance

Foreign investors: Punjab govt extending excellent opportunities: CM

LAHORE: Chief Minister Maryam Nawaz Sharif said the Punjab government was providing excellent opportunities for...

Published 03 Jul, 2026 07:29am

Taxes

PRA records highest tax collection

LAHORE: The Punjab Revenue Authority (PRA) has recorded the highest tax collection in its history, gathering more...

Published 03 Jul, 2026 07:22am

Agriculture and Allied

Agriculture policy: PM urged to adopt farmer-led reforms

LAHORE: Agriculture Republic, a think tank working on agricultural policy and reforms, has welcomed Prime Minister...

Published 03 Jul, 2026 07:20am

Companies

Nadeem Khan appointed CEO PTCL

ISLAMABAD: The Board of Directors of Pakistan Telecommunication Company Limited (PTCL) Thursday announced a major...

Published 03 Jul, 2026 07:12am

Taxes

FY2025-26: KPRA records 20pc growth in STS collection

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) recorded a 20 percent growth in Sales Tax on Services (STS)...

Published 03 Jul, 2026 07:06am

Business & Finance

Not materialised under CPEC: Govt negotiates with ADB for ML-1 project financing

ISLAMABAD: Secretary of the Economic Affairs Division (EAD), Muhammad Humair Karim, has said that Mainline-1 railway...

Published 03 Jul, 2026 07:03am

Business & Finance

Govt approves Rs1bn to support Global Accelerator on Jobs, Social Protection

ISLAMABAD: The government has approved an allocation of PKR 1 billion (USD 3.6 million) to support the Global...

Published 03 Jul, 2026 06:59am

Industry

Women entrepreneurs: Aurangzeb vows to create conducive environment

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday held a meeting with a...

Published 03 Jul, 2026 06:51am

Industry

AMEPA opposes live animal export policy

LAHORE: Pakistan should refrain from allowing the export of live animals and focus on expanding value-added Halal...

Published 03 Jul, 2026 06:50am

Business & Finance

India, UAE groups ink pact for Indian aluminium project

MUMBAI: India’s Adani Group and Abu Dhabi’s International Holding Company are looking to invest USD 11.5 billion in...

Published 03 Jul, 2026 06:44am

Business & Finance

Chinese co ready to invest in energy value chain

ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik, on Thursday held a meeting with Hou Jianxin, Chairman...

Published 03 Jul, 2026 06:41am

Money & Banking

Indian rupee drifts lower

MUMBAI: The Indian rupee declined for the fourth consecutive session against the dollar on Thursday as market flows...

Published 03 Jul, 2026 06:32am

Business & Finance

Sohni Dharti Remittance Programme discontinued

KARACHI: The State Bank of Pakistan (SBP) has announced to discontinue the Sohni Dharti Remittance Programme (SDRP),...