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Swiss president visits India to boost trade ties
NEW DELHI: Swiss President Guy Parmelin was given a red-carpet welcome in India on Monday as he met Prime Minister Narendra Modi for talks on trade and investment.
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S&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 RecorderIT stocks drag Sri Lankan shares lower
Sri Lankan shares closed lower on Monday, dragged down by IT stocks. The CSE All-Share index settled 0.81% lower at 20,644.26 points.
Business RecorderPM Shehbaz seeks stronger economic ties with Poland
Prime Minister Shehbaz Sharif on Monday called for stronger economic and business ties between Pakistan and Poland, saying the two countries should transform their longstanding friendship into a…
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…
Business RecorderFitch says Saudi Arabia's 2027 pre-budget statement flags Iran war fiscal pressures
Ratings agency Fitch said Saudi Arabia’s 2027 pre-budget statement highlighted the fiscal pressures from the US-Iran war, with the government projecting higher spending and wider budget deficits.
Business RecorderWhat is US EXIM bank and why is Pakistan turning to it now?
Pakistan’s recent talks with the US Export-Import Bank (EXIM) are opening a new channel for financing major projects — from Pakistan International Airlines’ planned Boeing purchases to refinery…
Business RecorderIndian rupee ends flat, anchored by RBI intervention in face of global strains
MUMBAI: T he Indian rupee ended little changed on Monday, wedged between pressures from a broadly firmer dollar, higher oil prices and likely intervention by the Reserve Bank of India, which kept…
Business RecorderUK's FTSE 100 steadies after worst week since April as miners gain
The UK’s FTSE 100 rose on Monday, steadying after its steepest drop since April last week, as mining shares led gains and oil prices stayed in check.
Business Recorder- Rupee & forexUpdated
Rupee records gain against US dollar
The Pakistani rupee extended its marginal gains against the US dollar in the inter-bank market on Monday. The local unit closed the day at 277.06, a gain of Re0.01 against the greenback.
Business Recorder India markets regulator to partly reverse derivative settlement rules after pushback, sources say
MUMBAI: India’s markets regulator will partly reverse plans to overhaul the mechanism used to determine the closing prices of key stocks and derivative contracts linked to them, two sources with…
Business RecorderIndia's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
MUMBAI: Indian sunflower oil imports fell in September to their lowest level in more than four years after the Ukraine war disrupted shipments, prompting refiners to increase palm oil purchases to…
Business RecorderSaudi Arabia to cancel Joy Awards, its answer to the Grammys, amid budget cuts, sources say
Saudi Arabia is set to cancel next year’s Joy Awards, its star-studded answer to the Oscars or the Grammys, as financial strain and the Iran war hit the country’s nascent entertainment sector, two…
Business RecorderGold price rises Rs1,200 per tola in pakistan
Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola rose to Rs437,536 after a gain of Rs1,200 during the day.
Business RecorderAustralian shares rise as commodity-linked stocks advance
Australian shares rose on Monday , supported by gains in mining, financial and energy stocks, while investors continued to assess the outlook for interest rates after the central bank lifted its…
Business RecorderWheat jumps on Black Sea disruptions, corn eases
SINGAPORE: Chicago wheat rose almost 1% on Monday , recovering from a multi-week low as a lack of progress in restoring Black Sea supplies disrupted by the Russia-Ukraine war supported prices.
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