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IT and real estate stocks lift Sri Lankan shares
Sri Lankan shares closed higher on Thursday, led by IT and real estate stocks. The CSE All-Share index .CSE settled 0.88% higher at 19,971.15 points.
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India's August balance of payments surplus swings to $45.4 billion
India’s balance of payments recorded a surplus of $45.4 billion in August, compared with a deficit of $5.6 billion a year earlier, data from the Reserve Bank of India showed on Thursday.
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Will Tesla and SpaceX merge? Barclays expects announcement ahead of December meeting
According to Barclays analysts, a potential merger between Tesla and Elon Musk’s SpaceX could be announced before…
The NewsAsia rice: Indian prices hit more than one-year high; Vietnam rates rise
Asian rice export prices in key hubs remained firm this week, with Indian rates hitting a more than one-year high on stronger rupee and crop supply concerns, while Vietnamese prices rose to a near…
Business Recorder
Nestle India flags food, commodity inflation after profit surges 36%
Nestle India flagged inflation and rising commodity prices as challenges on Thursday after resilient demand for Maggi instant noodles and Nescafe coffee helped drive a 36% jump in its second-quarter…
Business RecorderKremlin accuses Ukraine of flouting spirit of US peace efforts with strikes on Russian oil refineries
MOSCOW: The Kremlin on Thursday said that Ukrainian strikes on Russian oil refineries ran counter to US peace efforts, after a Ukrainian drone struck a refinery in Russia’s Ryazan region overnight.
Business RecorderPakistan, World Bank commit to accelerating CPF implementation
Pakistan and the World Bank have committed to accelerating implementation of the Country Partnership Framework 2026-2035, with a focus on project preparedness, concessional financing and investments…
Business Recorder
Meezan Bank Migrates Entire Payments Business to New Platform
Meezan Bank (PSX: MEBL) has migrated 7.5 million active cards, all its merchants and its payment processing operations to BPC’s
ProPakistaniIndia's RBI has spent half of $140 billion FX capital haul in rupee defence, bankers estimate
MUMBAI: India has used up about half of the more than $140 billion it mobilised through special measures to bolster its foreign exchange war chest earlier this year, highlighting pressure on the…
Business RecorderCopper hits 10-day low on profit-taking as supply worries ease
LONDON: Copper prices eased to their weakest in 10 days on Thursday, hit by profit-taking on reduced worries about supply, a sell-off in AI stocks, along with concerns about rising inflation and…
Business RecorderIndian share benchmarks log best day in four months on global AI slump
Indian equity benchmarks posted their biggest single-day gain in four months on Thursday on prospects that India could regain favour among foreign investors after global AI-linked stocks took a…
Business RecorderTextile Factories Seek Cheap Electricity from Punjab Govt
The All Pakistan Textile Mills Association (APTMA) has expressed interest in purchasing between 25 and 50 megawatts (MW) of electricity
ProPakistaniIndia says first phase of US trade deal finalised
NEW DELHI: The first phase of a trade deal between India and the United States has been finalised and is undergoing legal drafting, India’s trade secretary said on Thursday.
Business RecorderGovt Warns Against Posting Family Photos Online
The National Cyber Emergency Response Team (NCERT) and the National Telecommunication Corporation (NTC) have warned citizens against sharing their families’
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