News Archives for Business & Finance - 2026-09-21

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Business & Finance - 2026-09-21

Business & Finance

Govt cuts diesel price by Rs1.96, raises petrol by Rs4.61 per litre

New prices remain effective till Tuesday, September 22

Published 21 Sep, 2026 11:39pm

Stocks

AI stocks lift Wall St as oil falls, Treasury yields decline

Dow Jones Industrial Average rose 241.25 points, or 0.47%, to 51,923.89

Published 21 Sep, 2026 08:29pm

Stocks

India's NSE IPO draws over $10 billion, traders eye modest listing pop

NSE's IPO achieved significant oversubscription, demonstrating strong investor confidence in India's capital market growth and its upcoming debut

Published 21 Sep, 2026 07:25pm

Business & Finance

IESCO privatisation draws 10 investor groups

Three Turkish companies are also in the run

Published 21 Sep, 2026 07:01pm

Stocks

Sri Lankan shares fall as real estate, industrials stocks weigh

CSE All Share index settled down 0.37% at 20,979.18

Published 21 Sep, 2026 06:43pm

Stocks

Most Gulf bourses end lower on Middle East conflict despite diplomatic hopes

Saudi Arabia’s benchmark index declined 0.6%

Published 21 Sep, 2026 06:39pm

Companies

Nearly 40% of India's coal power plants running critically low on fuel, data show

Critically low coal stocks plague India's power plants, with 74 facilities facing under three days of fuel amid soaring electricity demand

Published 21 Sep, 2026 06:07pm

Business & Finance

Five things to know about Engro's soon-to-be CEO Junaid Iqbal

Iqbal is set to take over as president and CEO of Engro Corporation in April 2027

Updated 21 Sep, 2026 08:52pm

World

QatarEnergy says Hormuz crisis may delay LNG expansion projects

Strait of Hormuz crisis delays Qatar's major LNG expansion, impacting global energy supply and project timelines due to blockages

Published 21 Sep, 2026 04:38pm

Companies

JSW Group firms plan $300 million debt sales, bankers say

JSW Group firms plan to raise 28.5 billion Indian rupees via shorter-term bonds, with market entry anticipated in October

Published 21 Sep, 2026 04:28pm

Technology

Irish privacy regulator fines Google €403 million over location data processing

Google faces a €403M fine from Ireland's DPC for GDPR violations, specifically for mismanaging user location data and privacy

Published 21 Sep, 2026 04:18pm

South Asia

India-New Zealand free trade pact to come into force on October 20

India and New Zealand's FTA, effective October 20, will eliminate tariffs on 95% of NZ exports and provide duty-free access for Indian goods

Published 21 Sep, 2026 04:06pm

Commodities

Copper rises as Chinese demand expectations add to speculative momentum

Benchmark three-month copper on the London Metal Exchange was up 0.9% at $14,654 a metric ton

Published 21 Sep, 2026 03:59pm

Commodities

Palm extends losses on weak crude, firm ringgit, sluggish exports

Dalian’s most-active soyoil contract fell 0.11%

Published 21 Sep, 2026 03:56pm

Forex

Indian rupee ends marginally higher in subdued trade, forward premiums ease

Indian rupee closed at 95.8150 per dollar

Published 21 Sep, 2026 03:52pm

Commodities

India soyoil imports to rise to record high on price competitiveness

Soyoil imports are likely to rise 4.2% from last year’s record purchases to 5.7 million metric tons

Published 21 Sep, 2026 03:50pm

Stocks

Indian shares advance on bargain buying after recent slide

Nifty 50 rose 0.29% to 23,414.30 and the BSE Sensex added 0.76% to 74,858.99

Published 21 Sep, 2026 03:47pm

Exchange

Rupee registers gain against US dollar

Settles at 277.22

Updated 21 Sep, 2026 06:36pm

Commodities

Gold price drops by Rs2,700 per tola in Pakistan

International rate of gold declines by $27 to reach $4,350 per ounce

Published 21 Sep, 2026 03:00pm

Energy

Pakistan power generation grows 5% YoY; fuel cost climbs 38% in August

Power generation declined by 1% from 15,122 GWh in July 2026

Published 21 Sep, 2026 02:50pm

Technology

Pakistani tech co Zuma Resources sets up UK subsidiary for global connectivity expansion

Company said Zuma Global would facilitate its UK operations

Published 21 Sep, 2026 01:23pm

Stocks

Europe's STOXX 600 gains as tech rallies, oil retreat eases nerves

The pan-European STOXX 600 was up 0.56% at 638.98 points

Published 21 Sep, 2026 12:48pm

Companies

SE Fruits and Vegetable IPO book-building subscribed in two hours

Bidding will continue until September 22

Published 21 Sep, 2026 12:34pm

Energy

Pakistan secures another Qatari LNG cargo via Hormuz: report

Vessel is expected to reach Pakistan’s LNG import facility by Tuesday

Published 21 Sep, 2026 11:56am

Markets

SocGen hikes profitability target in new strategic plan

Revenues across the bank are forecast to rise by an annual average of around 3%

Published 21 Sep, 2026 11:40am

Business & Finance

Pakistan, EU ink €65mn financing deals

Agreements were signed by the EU Ambassador to Pakistan, Raimundas Karoblis, and the Secretary of the Economic Affairs Division, Muhammad Humair Karim

Published 21 Sep, 2026 11:37am

Energy

Bangladesh raises fuel prices by up to 17% amid global oil price surge

Under the new rates, diesel prices rose 17.4% to 135 taka per litre from 115 taka

Published 21 Sep, 2026 11:33am

Markets

Uganda's export earnings up 10.2% y/y in July

The value of gold shipments surged 35% to $788.45 million in July

Published 21 Sep, 2026 11:30am

Markets

Humanoid robot sales tally hit 7,000 globally last year

Around 7,000 humanoid robots were sold worldwide last year

Published 21 Sep, 2026 11:28am

Markets

US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss, FT reports

This contributed to Jane Street taking a $15 billion hit that month

Published 21 Sep, 2026 11:25am

Stocks

Australian shares edge lower as banks and miners drag

The S&P/ASX 200 index ticked 0.3% lower to 8,705.40

Published 21 Sep, 2026 11:21am

Companies

Kashan Hasan steps down as CEO of FrieslandCampina Engro Pakistan

Hasan will continue to perform his responsibilities till completion of the notice period

Published 21 Sep, 2026 11:18am

Stocks

South Korean shares start week higher as chipmakers rise on upbeat data

The benchmark KOSPI was up 101.16 points, or 1.47%, at 6,995.39

Published 21 Sep, 2026 11:18am

Commodities

Copper climbs as Fed hike clears uncertainty

Three-month copper on the London Metal Exchange was up 0.06% at $14,530.5 a metric ton

Published 21 Sep, 2026 11:15am

Mutual Funds

India bonds could face headwinds from RBI debt sale, elevated Treasury yields

The benchmark 6.94% 2036 bond yield is expected to trade between 7.05% and 7.09% on Monday

Published 21 Sep, 2026 11:11am

Commodities

Chicago soybeans rise as China's buying of US beans falls in August

The most-traded soybeans on the Chicago Board of Trade rose 0.7% to $13.12-1/2 a bushel

Published 21 Sep, 2026 11:10am

Forex

Yuan hits fresh multi-year peak as PBOC eases curb ahead of Trump-Xi summit

The offshore yuan traded at 6.6946 yuan per dollar, up about 0.03% in Asian trade

Published 21 Sep, 2026 11:08am

Forex

Australian dollar steadies after setback, rate support intact

The Aussie was little changed at $0.7128, after finishing last week 0.6% lower

Published 21 Sep, 2026 11:07am

Commodities

Palm rangebound on firmer Dalian soyoil; weak crude, olein weighs

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 15 ringgit, or 0.31%, to 4,913 ringgit a metric ton

Published 21 Sep, 2026 11:06am

Stocks

China shares climb ahead of Trump-Xi summit; tech stocks inch up

China’s blue-chip CSI300 index was up 0.4%

Published 21 Sep, 2026 11:04am

Forex

Thai baht/US dollar stronger on Monday

The baht was 0.14% higher at 33.25 versus the dollar, after trading in a range of 33.250 to 33.350

Published 21 Sep, 2026 11:01am

Stocks

PSX: KSE-100 ends volatile trading session on a positive note

Benchmark index settles at 171,153.16

Updated 21 Sep, 2026 07:28pm

Bullion Rate

Gold slips as focus remains on Middle East, rate outlook

Spot gold fell 0.3% to $4,362.60 per ounce

Published 21 Sep, 2026 10:27am

Companies

Former Careem Pay head Junaid Iqbal appointed Engro Corp CEO-designate

Junaid Iqbal to succeed Ahsan Zafar Syed in April 2027

Published 21 Sep, 2026 10:09am

Markets

Meta's social networks down for thousands of users in US, Downdetector says

There were more than 17,000 reports ⁠of issues with Facebook, as of 9:11 PM ET, and more than 5,000 outages on Instagram as well

Published 21 Sep, 2026 08:25am

Markets

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

SoftBank earlier secured ‌a $10 ⁠billion bridge loan facility to fund its OpenAI investment, and the bonds will be cancelling that, according to the term sheet

Published 21 Sep, 2026 08:09am

Stocks

Tech leads shares higher in Asia as oil slips

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%, and Chinese blue chips gained 0.6%

Published 21 Sep, 2026 08:03am

Forex

Indian rupee poised for subdued start as traders watch oil prices, IPO-linked flows

The Indian rupee is expected to open in the 95.90-95.95 band, traders said, marginally weaker than its close at 95.8725 on Friday

Published 21 Sep, 2026 07:58am

Forex

Volatile yen draws intervention watch, other currencies subdued

The yen was a touch firmer at 156.64 per US dollar after dropping 2% last week

Updated 21 Sep, 2026 11:41am

Energy

Oil price dips briefly below $100 on Saudi exports, hopes of US-Iran diplomacy

Brent crude futures and US WTI crude dipped below $100 a barrel

Updated 21 Sep, 2026 08:46pm

Business & Finance

Digital assets: Bilal, Baker discuss evolving regulatory framework

ISLAMABAD: Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin...

Published 21 Sep, 2026 06:42am

Business & Finance

Gilani says automotive industry contributes beyond vehicle production

LAHORE: Senate Chairman Syed Yousaf Raza Gilani has said that a strong automotive industry contributes far beyond...

Published 21 Sep, 2026 06:07am

Business & Finance

KP govt makes budgetary allocations for WCCIPD

PESHAWAR: Advisor to KP CM on Finance, Muzammil Aslam has announced that necessary budgetary allocations and...

Published 21 Sep, 2026 06:04am

Industry

KWCCI-Malir announces new leadership

KARACHI: The Karachi Women Chamber of Commerce & Industry (KWCCI), Malir District, formally announced its newly...