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Japan's Nikkei buoyed by Wall Street gains, dip in crude oil
TOKYO: Japan’s Nikkei share average rose on Tuesday, buoyed by overnight gains on Wall Street and a decline in crude oil prices.
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Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
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DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports
DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Business RecorderMcDonald's supplier HyFun plans $208 million India IPO
BENGALURU: McDonald’s and KFC supplier HyFun Foods plans to raise up to 20 billion rupees ($207.7 million) in an IPO by late 2028, the frozen-foods maker’s CEO said, betting on surging demand from…
Business RecorderIndian shares poised to extend rebound ahead of RBI policy verdict
Indian shares are likely to open higher on Tuesday , extending their rebound from the previous session as supportive global cues and positive quarterly business updates lift sentiment ahead of a…
Business RecorderAsian shares track Wall Street higher, Treasury yields near multi-decade highs
SYDNEY: Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields…
Business RecorderOil prices slip as traders weigh strong Mideast exports against Gulf tensions
Oil prices edged down on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though attacks by Yemen’s Houthis on Saudi targets kept…
Business RecorderThe provincial revenue problem
EDITORIAL: Sindh government spokesperson Sukhdev Hemnani’s recent observation that federal revenue shortfalls are affecting provincial finances and development is valid as far as it goes.
Business RecorderPPDA vows consultation to resolve issues facing dealers
KARACHI: Pakistan Petroleum Dealers Association (PPDA) Chairman Malik Khuda Bakhsh has said the association’s leadership is prioritising the resolution of dealers’ issues and that its members have…
Business RecorderSECP talk series: Pakistan a big market for inclusive insurance: MIC official
ISLAMABAD: Pakistan offers a large market for inclusive insurance, which can strengthen social protection and support progress towards the Sustainable Development Goals, said Michael J.
Business RecorderBusiness issues to be taken up with relevant institutions: ICCI chief
ISLAMABAD: Newly elected President Islamabad Chamber of Commerce and Industry (ICCI) Mohammad Zikria Akbar Zia has said that business issues would be systematically identified, prioritized and taken…
Business RecorderFaisalabad moves to become first circular city to boost exports
FAISALABAD: Practical measures have been initiated to make Faisalabad Pakistan’s first circular city in a bid to meet European Union (EU) compliance requirements and enhance the exports of Pakistani…
Business RecorderYemen's Houthis say they targeted Saudi airports, Aramco refinery; no Saudi confirmation
Yemen’s Houthis said they carried out three military operations in Saudi Arabia towards several locations including the King Khalid International Airport in Riyadh, an Aramco refinery in Rabigh, the…
Business RecorderGovt hikes petrol price by Re0.88, cuts diesel by Rs1.88 per litre
The federal government on Monday reduced the price of high-speed diesel (HSD) by Rs1.88 per litre to Rs397.76, while increasing petrol price by Re0.88 to Rs393.64 for October 6, 2026.
Business RecorderTrump expands access to tax-exempt diesel fuel
GRAND ISLAND: US President Donald Trump signed an executive order on Monday to expand access to tax-exempt diesel that he unveiled from a rally stage in Nebraska.
Business RecorderS&P 500 up, Nasdaq at record high as megacap tech stocks rise
The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year…
Business RecorderIndia's Godrej Consumer expects high-teens revenue growth in second quarter
India’s Godrej Consumer Products said on Monday it expects second-quarter consolidated revenue to rise in the high teens, supported by growth across its businesses.
Business RecorderEast-West oil pipeline pumping halted after new attack: Saudi energy sector source
RIYADH: Oil flows in Saudi Arabia’s East-West pipeline were halted again following a fresh attack on the critical infrastructure, a source working in the kingdom’s energy sector told AFP on Monday.
Business RecorderUS and German scientists win Nobel medicine prize for work on light and brain
STOCKHOLM: American Karl Deisseroth and Germans Peter Hegemann and Georg Nagel won the 2026 Nobel Prize in Physiology or Medicine on Monday for developing optogenetics, a technique that uses light…
Business RecorderMost Gulf bourses edge up on energy relief, fading Fed hike odds
Most Gulf markets closed higher on Monday as easing energy disruption fears and tempered expectations of an immediate Federal Reserve rate hike bolstered sentiment, while the Middle East war…
Business RecorderIndustrialists express concern over 15% surge in Pakistan’s trade deficit in 1QFY27
Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), expressed concern over the widening of Pakistan’s trade deficit during the first quarter of the…
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