News Archives for Business & Finance - 2026-09-24

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Business & Finance - 2026-09-24

Business & Finance

Govt cuts diesel by Rs2.63, petrol by Re0.84 per litre

New prices are effective for Friday, September 25

Published 24 Sep, 2026 10:45pm

World

UAE suspends Iranian airlines' flights until further notice

The United Arab Emirates’ General Civil Aviation Authority said on Thursday it had suspended flights by Iranian...

Published 24 Sep, 2026 10:24pm

Commodities

Copper falls on stronger dollar, Chile supply worries cap downside

Benchmark three-month copper on the London Metal Exchange dipped 0.2% to $14,595 a metric ton

Published 24 Sep, 2026 08:15pm

Stocks

Wall St slips as Middle East uncertainty lifts oil; Trump-Xi talks in focus

Dow Jones Industrial Average was down 208.36 points, or 0.40%, at 51,303.23

Published 24 Sep, 2026 07:55pm

Companies

Paramount seeks $7.5 billion debt raise to fund Warner Bros deal

Paramount is securing financing to finalize its major Warner Bros Discovery acquisition, a deal set to reshape the entertainment industry

Published 24 Sep, 2026 07:35pm

Business & Finance

SBP-held foreign reserves rise by $11m to $21.4bn

Total liquid foreign exchange reserves stand at $26.81 billion

Published 24 Sep, 2026 07:28pm

Business & Finance

CCP approves UAE firm’s acquisition of Masood Textile Mills shares

The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in Masood Textile Mills...

Published 24 Sep, 2026 07:22pm

World

Morgan Stanley Asia deals leaked in missent email attachment

A Morgan Stanley banker accidentally leaked a sensitive deal pipeline to clients, leading to a swift retraction and apology

Published 24 Sep, 2026 07:16pm

World

IMF review calls for 'fewer but deeper' reforms in design of loan programs

The IMF is refining its loan programs for a shock-prone world, focusing on deeper reforms and new tools to improve implementation and outcomes

Published 24 Sep, 2026 07:06pm

Stocks

Most Gulf shares in red on regional uncertainty, shipping concerns

Saudi Arabia’s benchmark index dropped 0.8%

Published 24 Sep, 2026 06:59pm

South Asia

India eases foreign investor access to commodity derivatives, expands scope of portfolio managers

India's commodity markets are now more accessible to foreign investors, with new rules set to boost liquidity and global trading volumes

Published 24 Sep, 2026 06:46pm

Stocks

Sri Lankan shares edge lower as utilities, communication stocks weigh

CSE All Share index settled down 0.09% at 21,066.89

Published 24 Sep, 2026 05:39pm

Companies

Gucci's new 'Made in China' sneaker models break with Italian tradition

PARIS: Gucci has begun selling new luxury sneaker models labelled “Made in China”, a break with its Italian...

Published 24 Sep, 2026 04:42pm

Companies

Starbucks to close another 250 coffeehouses in North America

Starbucks to close 250 North American stores, a move by CEO Brian Niccol to boost sales and streamline operations

Published 24 Sep, 2026 04:23pm

Stocks

India's NSE lists after decade-long wait; valued at $47 billion

Stock rose as much as 5% during the day

Published 24 Sep, 2026 04:19pm

Companies

BlackBerry lifts annual revenue forecast on strength in automotive software business

Record QNX software revenue, fueled by automotive expansion, prompts BlackBerry to elevate its full-year financial forecast

Published 24 Sep, 2026 04:12pm

Stocks

Saudi Arabia's market regulator proposes tighter rules for IPOs after market slowdown

Saudi Arabia's regulator introduces stricter IPO rules, mandating underwriter guarantees and enhanced transparency to revive market confidence

Published 24 Sep, 2026 03:52pm

Exchange

Rupee records gain against US dollar

Settles at 277.17

Updated 24 Sep, 2026 06:48pm

Companies

PhonePe plans 20,000 new hires to expand merchant network in rural India

PhonePe is hiring 20,000 sales staff to dramatically expand digital payment acceptance into India's smaller towns and villages

Published 24 Sep, 2026 03:44pm

Commodities

Palm flat after four-day slide as firmer Dalian oils offset weaker crude

Dalian’s most-active soyoil contract rose 0.39%

Published 24 Sep, 2026 03:40pm

Commodities

Indian copper producers urge government to cut indirect tax to 5% from 18%

Copper producers have committed 440 billion Indian rupees in capital expenditure by 2030

Published 24 Sep, 2026 03:35pm

Forex

Indian rupee declines to one-week low as oil rally fans global rate hike worries

Indian rupee ended at 95.9550 per dollar, down 0.2% for the day

Published 24 Sep, 2026 03:29pm

Stocks

Indian shares post worst day in 10 weeks on oil spike, proposed insurance curbs

Nifty 50 fell 1.64% to 23,063.10, while the BSE Sensex shed 1.67% to 73,580.54

Published 24 Sep, 2026 03:25pm

Companies

Jubilee General launches Resilience Reward Program to advance risk prevention and business resilience

Jubilee General Insurance Co. Ltd. (JGI) has launched the Resilience Reward Program, a pioneering initiative...

Updated 24 Sep, 2026 03:53pm

Commodities

Gold loses Rs5,600 per tola in Pakistan as global prices decline

International rate of gold declines by $56 to reach $4,258 per ounce

Published 24 Sep, 2026 02:57pm

Energy

Pakistan’s three major refineries ink upgrade agreements with govt

Agreements were signed in Islamabad with ISGS, which has been designated by the Ministry of Energy’s Petroleum Division

Published 24 Sep, 2026 01:50pm

Energy

Govt ensures uninterrupted fuel supply amid law & order concerns

PSO directed to make advance arrangements for adequate fuel availability at its depots

Published 24 Sep, 2026 01:01pm

Markets

Bentley tests wealthy buyers' interest in going electric with first EV

Bentley on Wednesday unveiled its first fully electric vehicle

Published 24 Sep, 2026 12:29pm

Companies

Supernet Technologies records nearly five-fold growth in PAT against restated FY25

Supernet Technologies Limited (STL) has reported consolidated profit after tax of Rs467 million for the year ended...

Published 24 Sep, 2026 12:11pm

Mutual Funds

Japan's 10-year bond yield hits 30-year high after US Treasury selloff

The 30-year yield rose 5.5 bps to 4.125%

Published 24 Sep, 2026 12:05pm

Commodities

Copper drifts as interest rate fears weigh on demand expectations

Copper on the London Metal Exchange was down 0.22% at $14,586.5 a metric ton

Published 24 Sep, 2026 11:59am

Business & Finance

SIFC, World Bank discuss business facilitation reforms

Meeting focused on the Asaan Karobar Framework, Regulatory Registry and Pakistan Business Portal

Published 24 Sep, 2026 11:44am

Markets

Qantas workers begin 24-hour strike at four Australian airports, union says

Qantas airport workers launched a 24-hour strike on Thursday at the Sydney

Published 24 Sep, 2026 11:37am

Markets

BOJ could raise rates every quarter, ex-policymaker says

A weak yen and robust AI-related demand are also boosting manufacturers’ profits

Published 24 Sep, 2026 11:16am

Business & Finance

PM Shehbaz stresses GSP Plus importance in meeting with EU top leadership

PM reaffirmed Pakistan’s commitment to further strengthening its broad-based partnership with the EU

Published 24 Sep, 2026 11:05am

Commodities

Palm recovers slightly on firmer Dalian, India duty cut

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 11 ringgit, or 0.23%, to 4,779 ringgit a metric ton

Published 24 Sep, 2026 11:01am

Stocks

China, Hong Kong stocks slip as investors weigh Trump-Xi summit outcome

Hong Kong's benchmark Hang Seng Index was down 0.5%

Published 24 Sep, 2026 10:59am

Forex

China's yuan slips as investors await Trump-Xi talk details

The spot yuan was 0.09% lower at 6.7171 to the dollar

Published 24 Sep, 2026 10:54am

Mutual Funds

India bonds pummelled after Treasury rout, traders raise rate hike bets

The benchmark 6.94% 2036 bond yield was at 7.0914%

Published 24 Sep, 2026 10:53am

Forex

Australia, NZ dollars tumble to multi-week lows, bonds battered

The kiwi dollar was pinned at $0.5676, having also shed 1% overnight

Published 24 Sep, 2026 10:50am

Stocks

Australian shares hit over 3-month low as oil rally revives inflation worries

The S&P/ASX 200 index was down 1.2% at 8,658.10

Published 24 Sep, 2026 10:48am

Stocks

Japan's Nikkei gains as Meta's AI gadget launch lifts CPU-related stocks

The Nikkei was up 1.33% at 65,883.41 by the midday break

Published 24 Sep, 2026 10:46am

Stocks

PSX: Selling returns, KSE-100 down over 1%

Benchmark index settles at 170,498.94

Updated 24 Sep, 2026 06:44pm

Companies

Pakistan seeks US EXIM support for PIA Boeing 787 purchases, refinery upgrades

Aurangzeb also raised the need for spare parts to return grounded Boeing 777 aircraft to service

Published 24 Sep, 2026 09:56am

Markets

SoftBank issues $11.1 billion in bonds in OpenAI financing push

SoftBank has committed $64.6 billion to OpenAI as well as billions more in related AI infrastructure projects

Published 24 Sep, 2026 08:27am

Stocks

Bonds shaky, oil eases off highs amid trade, peace talks

The MSCI Asia ex-Japan index fell 0.64%

Published 24 Sep, 2026 08:23am

Markets

Honda plans to invest $2.5 bln to build hybrid vehicle plant in Ohio, Nikkei says

Honda plans to invest about 300 ‌billion ⁠yen to 400 billion yen in ⁠the new plant, expected to start production ⁠in 2030

Published 24 Sep, 2026 08:13am

Stocks

Indian shares set to open lower as crude rises above $100; NSE listing in focus

GIFT Nifty futures were at 23,270 points

Published 24 Sep, 2026 08:10am

Forex

Indian rupee faces pressure from oil, US yields; RBI deputy flags case for gains

The Indian rupee is expected to open around 95.85-95.87 per dollar, traders said, down from its close at 95.74 in the previous session

Published 24 Sep, 2026 08:07am

Energy

Oil prices jump 4% as Houthis fire missiles at Saudi Arabia

Brent futures rose $4.10, or 4.0%, to $107.18 a barrel

Updated 24 Sep, 2026 09:14pm

Forex

Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets

The dollar index , which measures the US currency against a basket of peers, held near a two-month high at 101.1

Published 24 Sep, 2026 07:56am

Bullion Rate

Gold muted as Fed policy tightening prospects weigh

Spot gold was down 0.1% at $4,281.98 per ounce

Published 24 Sep, 2026 07:53am

Companies

Standard Chartered Foundation awards Rs10.5m grants to three women-led startups

KARACHI: Standard Chartered Foundation, in partnership with INNOVentures Global and Village Capital, has concluded...

Published 24 Sep, 2026 07:34am

Business & Finance

Tribunal rejects KE’s appeals against NEPRA’s orders

KARACHI: The Nepra Appellate Tribunal on Wednesday dismissed the appeals filed by K-Electric (KE) against orders of...

Published 24 Sep, 2026 07:34am

Business & Finance

NEPRA and K-Electric representatives grilled over power outages

KARACHI: The Sindh Assembly’s special committee on Wednesday grilled representatives of HESCO, SEPCO, K-Electric and...

Published 24 Sep, 2026 07:33am

Taxes

KP taxpayers unable to file returns?

ISLAMABAD: The Federal Board of Revenue (FBR) should immediately rectify an error in new income tax return where...