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Gold, oil and the Pakistani saver
Gold is about 25% below its January record and has more than doubled over the last three years. Both are true at once, and the gap between them is the most useful thing a saver can hold on to.
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
Hyundai Motor India to invest $1.16 billion to expand capacity at Pune city plant
Hyundai Motor India plans to invest 110 billion rupees ($1.16 billion) in its Pune city plant to scale up the facility’s annual production capacity by nearly 90% by 2030, the automaker said on…
Business RecorderDiesel deal opens way for more Russia-US cooperation, Kremlin envoy says
MOSCOW: A Russia-US deal on supplies of Russian diesel can pave the way for further economic cooperation between the two countries, Kremlin envoy Kirill Dmitriev said on Wednesday, adding that…
Business RecorderIndia bonds sink deeper on RBI commentary, inflation concerns
MUMBAI: Indian government bonds extended losses on Wednesday, driving the 10-year yield to its highest since March 2023, as hawkish remarks from the central bank chief and rising oil-led inflation…
Business RecorderTata Technologies posts slightly higher second-quarter profit; expects double-digit FY growth
India’s Tata Technologies posted a 3.6% rise in second-quarter profit on Wednesday, supported by growth in the engineering services firm’s mainstay services segment.
Business RecorderThe year-end P&L trap: why discipline often slips in the final quarter
How October can turn into a trading instruction, and why small exceptions often matter more than the dramatic final trade.
Business RecorderColombia opens embassy in Jerusalem, restores free trade deal with Israel
JERUSALEM: Colombia opened its embassy in Jerusalem on Wednesday, becoming the 10th country to do so, as new President Abelardo de la Espriella reversed his predecessor’s break with Israel by also…
Business RecorderIndian rupee extends rise but falters past 95/USD on importer hedging, outflows
MUMBAI: The Indian rupee rose for a third consecutive session on Wednesday to hit a more than one-month peak as the central bank followed up tough regulatory measures with hawkish commentary.
Business RecorderIndia's Bank of Baroda says it will defend interests after UAE businessman Shetty files $15bn suit
MUMBAI: India’s Bank of Baroda BOB.NS on Wednesday said it will protect its interests, a day after UAE-based businessman and founder of NMC Health filed a $15 billion case against the lender and 25…
Business RecorderPakistan’s regulator establishes CIU to detect illegal schemes early
The Securities and Exchange Commission of Pakistan (SECP) has approved establishing a Corporate Intelligence Unit (CIU) to proactively identify registered companies suspected of running Ponzi or…
Business RecorderEuro zone bond yields slightly lower; inflation, rate outlook in focus
LONDON: Euro zone bond yields were slightly lower on Wednesday, continuing to stabilise after a period of sharp volatility, as investors tread cautiously ahead of US inflation data due later in the…
Business RecorderEuropean shares edge higher as ASML's AI demand outlook boosts tech
European shares inched up on Wednesday, recovering from modest losses in the previous session, as strong results from ASML lifted the technology sector.
Business RecorderUS-Russia deal on diesel is ‘very risky choice,’ Italy PM Meloni says
ROME: The deal between the United States and Russia over diesel supply is a “very risky choice” that runs counter to efforts to force Vladimir Putin to sit at a negotiating table with Ukraine…
Business RecorderJordan issues tender to buy up to 120,000 metric tons wheat, traders say
HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on…
Business RecorderSaudi stocks slip after attack on Aramco building; Gulf markets mixed
Major Gulf stock markets were mixed in early trade on Wednesday, with Saudi shares falling after an attack on a Saudi Aramco site heightened concerns over the escalating conflict between the kingdom…
Business RecorderPakistan’s Quantum Data plans local assembly of lithium batteries under China deal
Pakistan’s Quantum Data Technologies (QTECH), formerly known as Chakwal Spinning Mills Limited, is expanding beyond IT services into energy storage, signing a cooperation agreement with China’s…
Business RecorderFrom pilot to policy: how “Digital Eye” helped shape FBR’s production-monitoring framework
The Federal Board of Revenue (FBR) is expanding production monitoring across Pakistan’s manufacturing sector, authorising new private technology providers and bringing additional industries within…
Business RecorderPD says no fresh CCI approval needed for DISCO privatisation
Privatisation Division (PD) has maintained that fresh approval from the Council of Common Interests (CCI) is not required to privatise power distribution companies (DISCOs), citing earlier decisions…
Business RecorderTurkish central bank to maintain tight monetary policy stance until price stability is achieved, governor says
ANKARA: Turkish Central Bank Governor Fatih Karahan said the bank would maintain its tight monetary policy until price stability is achieved, speaking on Turkiye monetary policy and macroeconomic…
Business RecorderECB's Lagarde says solution to French debt woes is at home
BANGKOK: France should solve its own debt woes through fiscal policy consolidation, European Central Bank President Christine Lagarde said on Wednesday, effectively playing down speculation about an…
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