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UK'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.
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
- 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 RecorderAPTMA seeks exemption of EFS imports from Punjab infrastructure cess
The All Pakistan Textile Mills Association (APTMA) has urged the Pakistan Single Window (PSW) to exempt goods imported under the Export Facilitation Scheme (EFS) from Punjab Infrastructure…
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.
Business RecorderThai baht/US dollar weaker on Monday
BANGKOK: The Thai baht weakened against the US dollar on Monday . At 0208 GMT, the baht was 0.22% lower at 33.57 versus the dollar, after trading in a range of 33.550 to 33.610.
Business RecorderPalm slightly recovers after six-session slide on firmer Chicago soyoil
KUALA LUMPUR: Malaysian palm oil futures opened higher on Monday after falling for sixth straight sessions, supported by firmer Chicago soyoil, though weaker crude oil prices capped the gains.
Business RecorderThailand plans to sell up to $10.7 billion of government bonds from October to December
BANGKOK: Thailand plans to sell up to 361.2 billion baht ($10.7 billion) of government bonds during the October-December period for debt restructuring and management, the finance ministry said.
Business RecorderPakistan’s seafood exports reach $125mn in 1QFY27
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said on Monday that Pakistan’s fish and seafood exports clocked in at $125.4 million during the first quarter of the current…
Business RecorderJapan's Nikkei hits 3-month high as AI shares rally
TOKYO: Japan’s Nikkei share average rose more than 2% to a three-month high on Monday, boosted by AI-related stocks, following gains on Wall Street at the end of last week.
Business RecorderIMF, Sri Lanka strike staff-level pact on funding of $345 million
The International Monetary Fund said it reached a staff-level agreement with Sri Lanka on the seventh review under its Extended Fund Facility to unlock financing of about $345 million.
Business RecorderIndian central bank likely intervenes to support rupee, traders say
MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Monday to support the rupee, four traders told Reuters , helping the currency withstand pressure coming from a…
Business RecorderCopper ticks up as Fed rate hike bets cool
SINGAPORE: Copper nudged up on Monday , supported by an improving demand outlook after cooling interest rate expectations outweighed pressure from a strong dollar.
Business RecorderIndian bonds take a breather before RBI policy outcome
MUMBAI: Indian government bonds held steady early Monday as traders stay sidelined ahead of the Reserve Bank of India’s policy verdict this week, while softer US Treasury yields temper jitters from…
Business RecorderIndia, US have reached a plateau in trade talks, Indian finance minister says
NEW DELHI: India and the United States have reached a plateau in their trade deal talks, India’s Finance Minister Nirmala Sitharaman said on Monday, a further sign that the two sides have hit a wall…
Business RecorderHong Kong stocks tick down in thin trade as property, financials drag
HONG KONG: Hong Kong stocks edged lower in light trading on Monday, as selling pressure on property developers and financial heavyweights outweighed modest gains in tech shares.
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