News Archives for Business & Finance - 2026-10-27

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Business & Finance

Govt cuts petrol price by Rs3.19, hikes diesel by Rs2.25 per litre

New prices are effective for Oct 28

Published 27 Oct, 2026 11:25pm

Business & Economy

Edison, Pakistan gas buyers face QatarEnergy supply halt until year-end

LNG deliveries from QatarEnergy to Italy's Edison and Pakistani clients are halted until year-end due to extended force majeure

Published 27 Oct, 2026 10:03pm

Business & Finance

Pakistan reviews AML-CFT framework, approves key regulatory changes

Committee also approves proposed revisions to thresholds for Currency Transaction Reports

Published 27 Oct, 2026 07:41pm

Stocks

Most Gulf bourses advance as Saudi defence pact countries push for peace

Saudi Arabia’s benchmark index advanced 2.3%

Published 27 Oct, 2026 07:03pm

Companies

Powering Pakistan’s electric future: GAC Pakistan x Lucky Motor Corporation

When Lucky Motor Corporation (LMC) brings a new automotive nameplate to Pakistan, the market pays attention. Over...

Published 27 Oct, 2026 07:01pm

Technology

Apple launches M6 MacBook Pro and iMac, pitches faster on-device AI

Apple's M6 MacBook Pro and iMac are here, offering faster AI performance and extended battery life

Published 27 Oct, 2026 06:54pm

Stocks

Sri Lankan shares snap 6-session losing run as consumer staples, communication services rise

CSE All-Share index settled 0.27% higher at 19,692.67 points

Published 27 Oct, 2026 05:59pm

Technology

Meta eyes record $97.5 billion equity raise to fund AI expansion

Chip giants Nvidia, AMD, and Broadcom are investing up to $5 billion in Meta's $97.5 billion equity offering, raising concerns about circular capital in the AI industry

Published 27 Oct, 2026 05:14pm

Currency

Pakistan rupee extends gain against US dollar

Currency settles at 276.80 greenback

Updated 27 Oct, 2026 09:11pm

Stocks

Indian equity benchmarks muted as elevated oil, Fed in focus

Nifty 50 fell 0.02% to 22,749.75, and the Sensex shed 0.01% to 73,598.67

Published 27 Oct, 2026 04:56pm

Commodities

Copper climbs on AI rebound, China demand strength

Benchmark three-month copper on the London Metal Exchange was up 0.7% to $14,421.50 per metric ton

Published 27 Oct, 2026 04:33pm

Commodities

Palm falls nearly 2% on weaker Dalian oils, high stockpiles

Dalian's most-active soyoil contract fell 2.62%

Published 27 Oct, 2026 04:18pm

Forex

Indian rupee boxed in range; traders focus on oil, outflows and RBI's defence

Indian rupee ended at 95.1150 per dollar

Published 27 Oct, 2026 04:13pm

Commodities

Gold price per tola falls Rs1,300 in Pakistan

International rate of gold declines by $13 to reach $3,996 per ounce

Updated 27 Oct, 2026 06:41pm

Stocks

Europe shares fall as HSBC weighs, France protests keep investors wary

The pan-European STOXX 600 index was down 0.2% at 639.64 points

Published 27 Oct, 2026 01:41pm

Business & Finance

Pakistan’s Airlink to launch electric bike brand on November 4: report

Airlink’s management plans to initially source electric bikes from international partners, says AHL

Updated 27 Oct, 2026 01:05pm

Markets

HSBC says net profit jumps in third quarter but misses forecasts

That figure was up from US$4.87 billion a year earlier, but fell short of the US$7.3 billion market estimate

Published 27 Oct, 2026 12:39pm

Bullion Rate

Gold eases on firmer dollar ahead of Fed decision

Spot gold eased 0.2% to $4,007.29 per ounce

Published 27 Oct, 2026 12:35pm

Markets

Porsche profit rebounds in nine-month period after restructuring costs

Operating profit of €1.74 billion ($1.94 billion) followed a weak prior-year ⁠result of €40 million

Published 27 Oct, 2026 12:20pm

Markets

Apple says it will replace iPhone Duo units showing screen problems

Apple acknowledged the problems on Monday, saying affected units tend to show the problem quickly

Published 27 Oct, 2026 11:46am

Markets

Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion

Nvidia said it will invest $3 billion ⁠in Meta's equity offering

Published 27 Oct, 2026 11:36am

Commodities

Iron ore hits 2-year low as concerns over China demand dominate

The most-traded iron ore contract on China's Dalian Commodity Exchange fell 1.19% to 662 yuan ($99.25) a metric ton

Published 27 Oct, 2026 11:31am

Commodities

Palm opens over 1% lower on weak rival edible oils, crude oil

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 80 ringgit, or 1.67%, to 4,709 ringgit

Published 27 Oct, 2026 11:27am

Stocks

South Korean shares surge on US rally, strong GDP

Chipmaker Samsung Electronics rose 5.05%, while peer SK Hynix gained 7.14%.

Published 27 Oct, 2026 11:17am

Mutual Funds

Indian bonds seen opening flat with focus on oil moves, Fed decision

The 6.94% 2036 bond yield may trade between 7.46% and 7.49%

Published 27 Oct, 2026 11:14am

Forex

Thai baht/US dollar stronger on Tuesday

The baht was 0.12% higher at 33.72 versus the dollar, after trading in a range of 33.730 to 33.810

Published 27 Oct, 2026 11:11am

Forex

Yuan holds flat near four-year peak; central bank meetings awaited

The currency’s offshore counterpart traded at 6.6680 yuan per dollar, down about 0.01% in Asian trade

Published 27 Oct, 2026 11:05am

Markets

Govt invites Qatari investors to SEZs, Retaj Group eyes hospitality ventures in Pakistan

Retaj Group expressed interest in exploring joint ventures with Pakistani business partners

Updated 27 Oct, 2026 03:31pm

Stocks

China, Hong Kong stocks edge lower as tech shares extend slide

By the midday break, the Shanghai Composite index was down 0.1% at 3,692.58 points

Published 27 Oct, 2026 10:56am

Forex

Australia, NZ dollars brace for volatility as rate risk looms

The Aussie idled at $0.7020, having eased 0.2% overnight after faltering at $0.7040 resistance

Published 27 Oct, 2026 10:53am

Stocks

Japan's Nikkei rises as Anthropic IPO filing lifts AI-shares

The Nikkei was up 1.91% to 63,374.45

Published 27 Oct, 2026 10:50am

Stocks

Australian shares slip as banks outweigh mining gains; inflation data in focus

The S&P/ASX 200 index fell 0.3% to 8,783.00

Published 27 Oct, 2026 10:48am

Business & Finance

PM committee sets 120-day deadline for shrimp farming roadmap

Committee will prepare a comprehensive report based on verified data and stakeholder recommendations

Published 27 Oct, 2026 10:37am

Stocks

PSX extends gains for second session as KSE-100 surges over 1,400 points

Benchmark index settles at 164,467.20

Updated 27 Oct, 2026 07:00pm

Markets

China's industrial profit growth picks up amid two-speed economy

Profits were up 15.5% in the first nine months, compared with a 15.7% increase in the January-August period

Published 27 Oct, 2026 08:28am

Markets

Bank of Korea warns country's chip exports could fall by up to $100 billion if AI spending slows

The assessment underscores growing anxiety over South Korea's heavy reliance on chips, which account for roughly half of its exports

Published 27 Oct, 2026 08:22am

Forex

Indian rupee oil-linked losses meet key hurdle, RBI defence in focus

The ‌Indian rupee is expected to open flat to marginally weaker on Tuesday, having dropped 0.3% in the previous session to 95.1850 to the dollar

Published 27 Oct, 2026 08:18am

Forex

Yen slips ahead of central bank bonanza, dollar firms on tech rebound

The yen ‌was 0.16% weaker at 157.73 per dollar, inching further away from the one-month high it touched last week ahead of the Bank of Japan policy decision later this week

Published 27 Oct, 2026 08:04am

Stocks

Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2%

Published 27 Oct, 2026 07:58am

Stocks

Indian shares seen lower as oil stays near six-month high, Fed in focus

GIFT Nifty futures were at 22,669.5

Published 27 Oct, 2026 07:53am

Energy

Oil falls as Middle East talks outweigh concern over fresh strikes

Brent crude futures were down $1.00, or 0.86%, at $114.81 a barrel

Updated 27 Oct, 2026 08:05pm

Energy

Oil settles lower on peace hopes

NEW YORK: Brent crude futures finished lower on Monday amid hopes of easing hostilities in the Middle East, but...