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Thai baht/US dollar steady on Monday
BANGKOK: The Thai baht was steady against the US dollar on Monday. At the baht was 0.01% higher at 33.50 versus the dollar, after trading in a range of 33.490 to 33.555.
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Australian dollar edges higher after first weekly gain in five, kiwi lags
SYDNEY: The Australian dollar edged higher on Monday after snapping a four-week losing streak last week as investors awaited RBA minutes and jobs data to gauge the path of interest rates there…
Business RecorderYuan holds near 3-1/2-year high against dollar as rate bets ease
SHANGHAI: China’s yuan hovered near a 3-1/2-year against the dollar on Monday, as reduced expectations of an October US rate hike lent support, while simmering trade tensions could cloud the outlook.
Business RecorderChina stocks fall as higher global yields, geopolitical tensions weigh
SHANGHAI: China stocks fell on Monday, as Beijing’s supportive gestures failed to steady a sliding market, with investors unsettled by higher global interest rates and rising geopolitical tensions.
Business RecorderAirAsia in talks with Malaysian government over potential funding support, sources say
HONG KONG: AirAsia co-founder Tony Fernandes met with officials from Malaysia’s finance ministry two weeks ago to discuss potential government support for Southeast Asia’s largest low-cost airline…
Business RecorderChina holds intensive talks on hybrid, EV trade with EU
BEIJING: China and the European Union held “intensive consultations” on the trade of hybrid and electric vehicles, as well as efforts to balance economic and trade concerns, the commerce ministry…
Business RecorderTariq Kirmani steps down as PRL chairman on health grounds
Tariq Kirmani has resigned as chairman and director of Pakistan Refinery Limited (PRL) on health grounds, effective October 9, 2026.
Business RecorderTSMC expected to report sixth straight quarter of record profit thanks to AI boom
TAIPEI: TSMC, the world’s largest manufacturer of advanced AI chips, will likely report a sixth consecutive quarter of record earnings, driven by booming infrastructure spending in the tech sector.
Business RecorderFresh valuation issued for imported almonds
ISLAMABAD: The Directorate General of Customs Valuation Karachi has issued a fresh valuation ruling for imported almonds, setting customs values ranging from USD1.41 to USD3.81 per kilogram…
Business RecorderTransporters demand protection from robberies on M-9 Motorway
HYDERABAD: President of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) Nadeem Ahmed Siddiqui, Senior Vice President Muhammad Fahad Mian and Vice President Irfan Arbiani have…
Business RecorderRussia's Yandex says data centre in Vladimir area shut down after drone attack
MOSCOW: Russian technology and AI company Yandex said on Sunday that its infrastructure had been damaged in a drone attack, resulting in the complete shutdown of its data centre in the Vladimir…
Business RecorderMiddle East war, high debt levels to dominate IMF-World Bank meetings in Bangkok
BANGKOK: Finance officials from around the world will gather in Thailand this week under the shadow of a widening war in the Middle East, the biggest energy supply shock ever and rising interest…
Business RecorderOn the sidelines of IPU Assembly: Senate chairman takes up trade ties with world’s parliamentary leaders
ISLAMABAD: Senate Chairman Syed Yousaf Raza Gilani held a series of high-level meetings with parliamentary leaders from Asia, Africa, Europe and Latin America on the sidelines of the 153rd Assembly…
Business RecorderPaposh Market sealed, 9 arrested for illegal parking fees
KARACHI: The Karachi administration has stepped up citywide action against encroachments, illegal parking, fire safety violations and professional begging.
Business RecorderTextile industry warns against levy on imports
LAHORE: Pakistan’s textile industry has warned the Punjab government that a new infrastructure levy on imports will drive up production costs, hurt exports and deter investment in the province.
Business Recorder3rd Chitral Expo 2026 inaugurated by commandant scouts
CHITRAL: The Trade Development Authority of Pakistan (TDAP), Peshawar in collaboration with the Chitral Chamber of Commerce & Industry (CCCI), organised the 3rd Chitral Expo 2026 at Pamir Riverside…
Business RecorderNorway’s Sept core inflation steady
OSLO: Norway’s annual core inflation rate remained at 3.0 percent year-on-year in September, Statistics Norway (SSB) data showed on Friday, supporting expectations that interest rates will stay…
Business RecorderIndia's Infosys does not expect material impact from US PERM suspension
Infosys, India’s second-largest IT firm, said on Saturday that it does not anticipate a material impact from the Permanent Labor Certification (PERM) application suspension announced by the US…
Business RecorderFinance minister approves reconstitution of NICL Board of Directors
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved on Saturday reconstitution of the Board of Directors of National Insurance Company Limited (NICL), the Finance Division said.
Business RecorderBritish International Investment terms Pakistan's stabilisation 'encouraging', but calls for policy consistency
Pakistan’s recent economic progress is encouraging, but sustained reforms are essential to draw in more capital, British International Investment (BII), the UK government’s development finance…
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