News Archives for Business & Finance - 2026-09-08

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Business & Finance - 2026-09-08

Markets

Petrol price rises further by Rs5.58, diesel by Rs4.18 per litre

New prices will be effective for Wednesday, September 9

Published 08 Sep, 2026 10:45pm

Stocks

Materials and financials drag Sri Lankan shares lower

CSE All-Share index settled 0.38% lower at 21,542.23 points

Published 08 Sep, 2026 07:39pm

Commodities

Copper hits record high on weak supply outside US

Three-month copper on the London Metal Exchange gained 1.3% to $14,703 a metric ton in official open-outcry trading

Published 08 Sep, 2026 07:19pm

South Asia

India's Reliance plans first local debt sale after 3 years with $1.32 bln fundraise, bankers say

The oil-to-telecom conglomerate plans to raise 125 billion rupees ($1.32 billion) through a sale of five-year notes

Published 08 Sep, 2026 07:15pm

Stocks

Most Gulf stocks edge up amid caution over US-Iran standoff, Saudi energy strikes

Saudi Arabia’s benchmark index reversed early losses to finish 0.1% higher

Published 08 Sep, 2026 06:53pm

Companies

India's leading high frequency trading firm turns to bonds for capital

AlphaGrep bypassed new RBI funding curbs by raising 2 billion rupees in bonds, strategically investing in AI and expanding its retail operations

Published 08 Sep, 2026 06:45pm

Forex

Indian central bank extends intervention streak to support Indian rupee, traders say

RBI stepped in to bolster the Indian rupee, which is under pressure from rising oil prices and escalating global tensions

Published 08 Sep, 2026 04:58pm

Football

Liverpool announce five-year sponsorship deal with Turkish Airlines

Turkish Airlines will be Liverpool's new main club partner from 2027, taking over from Standard Chartered after a 17-year shirt sponsorship

Published 08 Sep, 2026 04:56pm

Stocks

London shares inch lower as oil rally fuels inflation concerns

The blue-chip FTSE 100 index fell 0.6% to 10,816.59 points

Published 08 Sep, 2026 04:52pm

South Asia

Singapore defends flag carrier's Air India bet, cites need to expand overseas

Despite Air India's $2.33 billion losses, Singapore Airlines views its investment as a long-term strategic commitment crucial for global growth

Published 08 Sep, 2026 04:47pm

Markets

Indian banks leave sizeable FX risk open on overseas deposits, creating potential rupee overhang

Indian banks' unhedged FX interest payments pose a hidden risk, potentially forcing a dollar rush and rupee weakness

Published 08 Sep, 2026 04:35pm

Exchange

Rupee registers gain against US dollar

Currency settles at 277.37 against greenback

Updated 08 Sep, 2026 07:16pm

Commodities

Palm ends flat as traders await MPOB demand and supply data

Dalian’s most-active soyoil contract rose 0.51%

Published 08 Sep, 2026 04:24pm

Markets

Indian steel prices set to rise further on coking coal costs, demand revival

Strong demand and high costs are driving Indian steel prices up, but imports loom as a potential cap on market gains

Published 08 Sep, 2026 04:20pm

Forex

Indian rupee endures sharpest fall in over a month as Brent oil barrels towards $100

Indian rupee declined to 94.8175 per dollar by the end of the session

Published 08 Sep, 2026 04:15pm

Stocks

Indian shares slide as oil nears $100; Nifty turns volatile during closing auction

Nifty 50’s indicative close fell as much as 1.8% during the closing auction

Published 08 Sep, 2026 04:12pm

Commodities

Gold price per tola drops Rs1,000 in Pakistan

International rate of gold declines by $10 to reach $4,396 per ounce

Updated 08 Sep, 2026 06:41pm

Companies

J.K. Spinning Mills commits $8.3mn to modernise fabric processing, spinning units

The company says the investment is expected to improve its operational efficiency

Published 08 Sep, 2026 02:08pm

Business & Finance

Pakistan engages Japanese Sumitomo Corporation for investment in mining sector

Engagement with Sumitomo Corporation underscores growing international interest in Pakistan’s resource potential, says SIFC

Published 08 Sep, 2026 12:34pm

Stocks

European shares dip as higher crude revives inflation worries; Novartis drags

The pan-European STOXX 600 was down 0.2% at 648.41 points

Published 08 Sep, 2026 12:31pm

Companies

Pakistan remains strategic growth market for VEON, says CEO

Pakistan is a key market for VEON, where its subsidiary JazzWorld is the leading digital operator

Published 08 Sep, 2026 12:16pm

Forex

South African rand slips ahead of GDP data expected to show a decline

The rand traded at 16.0375 against the dollar , about 0.2% weaker than its close

Published 08 Sep, 2026 11:43am

Markets

Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity

The deal with OpenAI raised Firmus' contracted capacity across customers to more than 900 megawatts

Published 08 Sep, 2026 11:26am

Mutual Funds

Philippines raises $331 million from T-bond offer

Tenders total 28.42 billion pesos

Published 08 Sep, 2026 11:20am

Energy

Kuwait Petroleum Corp looking to buy more ships, exec says

'In KPC, we have our own fleet, which we are managing nowadays … we are in the market to acquire more ships'

Published 08 Sep, 2026 11:19am

Energy

China’s August oil imports rise for second month amid eased fuel export control

China imported 37.93 million metric tons of oil, or 8.93 million barrels per day, up 6.2% from July

Published 08 Sep, 2026 11:18am

Commodities

China Aug aluminium exports fall to 626,000 tonnes, customs data shows

Exports in the first eight months of the year rose 16.7% from a year earlier to 4.67 million tons

Published 08 Sep, 2026 11:16am

Stocks

China stocks edge up, helped by farming and energy shares as tech drops

China’s large-cap CSI 300 Index was up 0.1% by the lunch break

Published 08 Sep, 2026 10:56am

Forex

Australian dollar near highs on greenback, euro amid rate talk

Markets now imply a 68% probability rates will rise by 25 basis points to 4.60% at the policy meeting on September 29

Published 08 Sep, 2026 10:54am

Commodities

Palm extends gains on stronger rival oils, crude

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 21 ringgit, or 0.42%, to 4,999 ringgit

Published 08 Sep, 2026 10:29am

Stocks

South Korean shares hit three-week high as chipmakers gain

The benchmark KOSPI was up 133.95 points, or 1.91%, at 7,129.34

Published 08 Sep, 2026 10:23am

Markets

Singapore Airlines must grow overseas, says transport minister

In a response to a parliamentary question on the flag carrier's investment in Air India, minister Jeffrey Siow said

Published 08 Sep, 2026 10:14am

Commodities

China August iron ore imports up 3.1% y/y, customs data shows

The world’s largest iron ore consumer brought in 108.54 million metric tons of the key steelmaking ingredient last month

Published 08 Sep, 2026 10:10am

Mutual Funds

India bonds seen boxed in narrow range as traders eye fresh triggers

The yield on the benchmark 6.94% 2036 bond is expected to move between 6.94% and 6.98%

Published 08 Sep, 2026 10:04am

Forex

Indian rupee's familiar push-pull set to persist with oil pressure, RBI response

The rupee is expected to open in the 94.48 to 94.50 range, per traders, having settled at 94.4850 to the dollar on Monday

Published 08 Sep, 2026 10:01am

Stocks

Indian shares on track for muted open as oil climbs on rising Mideast risks

GIFT Nifty futures were at 23,800 points

Published 08 Sep, 2026 09:57am

Forex

Thai baht/US dollar stronger on Tuesday

The baht was 0.11% higher at 32.81 versus the dollar, after trading in a range of 32.810 to 32.880

Published 08 Sep, 2026 09:55am

Stocks

PSX: KSE-100 sheds nearly 1,000 points amid geopolitical uncertainty

Benchmark index settles at 172,642.16

Updated 08 Sep, 2026 09:02pm

Stocks

Australian shares slip below 9,000 mark as financials, healthcare drag

The S&P/ASX 200 index lost 0.4% to 8,979.70

Published 08 Sep, 2026 09:44am

Stocks

Japanese shares tread water as investors weigh yen surge, BOJ hike

The benchmark Nikkei 225 advanced 0.31% to 66,608.42 in early trading

Published 08 Sep, 2026 09:42am

Stocks

Asia stocks waver as yen surges, Iran warns of retaliation

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%, led by a 1.2% gain in the KOSPI

Published 08 Sep, 2026 09:37am

Forex

Yen extends rally to new seven-month high; dollar subdued ahead of CPI

The dollar index , ‌which ⁠measures the greenback against a basket of currencies, was a touch weaker at 98.83 amid yen strength

Published 08 Sep, 2026 08:01am

Bullion Rate

Gold gains as dollar eases with US inflation data on radar

Spot gold was up 0.6% at $4,429.89 per ounce

Updated 08 Sep, 2026 09:40am

Energy

Oil rises to six-week high following Houthi attack on Saudi sites

Brent crude futures rose 70 cents, or 0.7%, to $97.70 a barrel

Updated 08 Sep, 2026 09:30pm

Business & Finance

ECC approves Rs6.6bn for 30 bullet-proof vehicles purchase

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved Rs6.6 billion for purchase of...