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Oil rises on Middle East supply fears, US inventory drawdowns
October 21, 2026 6:44
Oil rises on Middle East supply fears, US inventory drawdowns

BEIJING: Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market. Brent crude futures rose $1.59, or 1.5%, to $110.38 per barrel as of 0350 GMT. US West Texas Intermediate (WTI) crude gained $1.36, or 1.4%, to $99.18 per barrel. Iran’s Guards claim strikes against Oman and Bahrain Prices fell in the previous trading session after Iran’s president discussed mediation efforts in a meeting with Pakistan’s army chief in Tehran, though Brent hit a five-month high before easing. “Oil prices have been having a bit of wild ride in the last couple of sessions,” said Suvro Sarkar, head of energy research at DBS. “We believe this is a mix of profit taking and optimistic hopes of a Qatar- or Pakistan-brokered deal, countered by the realisation that any deal is still very distant and compounded further by inventory data from the American Petroleum Institute (API), which shows drawdowns continuing in the US for both crude and products.” Iran told Pakistan’s army chief there would be no talks with Washington until its demands were met, Iranian media outlet Nournews reported on Tuesday, adding that a Qatari delegation had arrived in Tehran. There was no official confirmation of the reports. Maritime security risks are also escalating. Shiptracker Kpler said on Monday that at least 18 vessel attacks were recorded over the past two weeks, while LSEG analysts warned Iran was targeting tankers well beyond the Strait of Hormuz, reaching into the Gulf of Oman and jeopardising Gulf crude loadings and the ship-to-ship transfers supporting regional loadings. Houthi attack kills 53 at Yemen government training camp, officials say In Saudi Arabia, the Houthis on Monday claimed responsibility for attacks on a Saudi Aramco site in Yanbu, the Shaybah oilfield and Saudi Arabia’s Riyadh and Abha airports. The death toll from a Houthi attack on Yemeni government forces on Monday rose to 73 as fighting intensified. Iranian Foreign Minister Abbas Araqchi said in a television interview aired on Tuesday that Iran has not received a response from Saudi Arabia or Yemen’s Houthis to its offer to help broker peace talks. In the US, two Energy Department officials said on Tuesday they were working with refiners around the world to boost fuel output as a diesel shortage has raised prices. Hormuz could be ‘redundant’ in five years: HSBC According to market sources citing API data, US crude stocks fell by 4.9 million barrels in the week ended October 16. [...]

Thai baht/US dollar steady on Wednesday
October 21, 2026 6:37
Thai baht/US dollar steady on Wednesday

BANGKOK: The Thai baht was little changed against the US dollar on Wednesday. At 0208 GMT, the baht was 0.04% lower at 33.62 versus the dollar, after trading in a range of 33.620 to 33.670. It ended the previous session at 33.6025 per dollar, as per LSEG data. [...]

Indian bonds sell off on oil shock ahead of RBI policy minutes
October 21, 2026 6:29
Indian bonds sell off on oil shock ahead of RBI policy minutes

MUMBAI: Indian government bonds slumped on Wednesday as a persistent spike in oil prices fuelled inflation concerns and added to worries of further rate hikes, ahead of the minutes of the central bank’s latest policy meeting. The benchmark 6.94% 2036 bond yield was at 7.4352% as of 10 a.m. IST, after ending at 7.3920% on Monday. Indian debt markets were shut on Tuesday for a local holiday. The yield had risen to 7.4397% earlier in the session, its highest level since March 9, 2023. “Oil is driving the market right now, and it is difficult to see any large conviction-led buying till the picture becomes clearer,” a trader with a primary dealership said. The benchmark Brent crude came within a whisker of $112 a barrel on Tuesday, its highest in five months, and prices stayed elevated through Asian hours as traders weighed Red Sea shipping risks and threats to Saudi oil infrastructure. India imports nearly 90% of its crude and is especially exposed to supply shocks. Persistently high energy prices threaten to push up inflation, weigh on the rupee and strain government finances. India’s September consumer inflation accelerated to 5.54%, and is on track to cross the upper end of the central bank’s tolerance band in October, according to economists. The Reserve Bank of India raised its key policy rate and changed stance to “calibrated tightening” at its monetary policy meet earlier this month. Traders will scan the minutes of that meeting, due after market hours on Wednesday, for clues on the RBI’s assessment of oil-driven inflation and how fast it plans to raise rates. Swap markets are pricing in about 100 basis points of rate hikes over the next 12 months, including bets of a 50-bp move by the central bank’s December meeting. [...]

China's yuan touches new high since 2022 on weaker dollar, export resilience
October 21, 2026 6:27
China's yuan touches new high since 2022 on weaker dollar, export resilience

HONG KONG: China’s yuan traded in a narrow range on Wednesday after briefly hitting its highest in more than four years, supported by robust export growth and a broadly weaker dollar.  The greenback remained subdued after falling to a three-week low in the previous session, with lower Treasury yields and weaker oil prices reducing the currency’s appeal. The yuan touched 6.6765 per dollar in morning trade, its strongest level since June 28, 2022, before easing slightly to 6.6791 as of 0250 GMT. China’s third quarter economic growth beat expectations as roaring exports offset consumers’ tight grip on their wallets. Domestic economic resilience, capital inflows, and rising corporate demand to convert forex earnings into yuan, have combined to reinforced yuan’s upward trend, Caitong Securities analysts said in a note.  “The appreciation pace may slow down going forward” as geopolitical uncertainties could provide support to the dollar and marginally dampen capital inflows, they added.  Goldman Sachs estimated China attracted net forex inflows of $50 billion in September, with the FX conversion ratio edging up to 66% from 63% the previous month. The yuan is up 0.4% against the dollar this month, and 4.7% firmer this year.  The central bank has gradually allowed the daily midpoint to strengthen alongside the yuan’s rise. Prior to the market opening, the People’s Bank of China set the midpoint rate at 6.7192 per dollar, its strongest since February 2, 2023 and 413 pips weaker than a Reuters’ estimate. The spot yuan is allowed to trade 2% either side of the fixed midpoint each day. The offshore yuan traded at 6.6786 yuan per dollar, down about 0.05%. [...]

Australian dollar extends rally, market narrows odds on hike
October 21, 2026 6:23
Australian dollar extends rally, market narrows odds on hike

SYDNEY: The Australian dollar was looking to rally for a fourth session on Wednesday as US yields declined and investors narrowed the odds of another interest rate hike at home after hawkish comments from a central banker. The Aussie firmed 0.1% to $0.7011, having risen 0.3% overnight to as far as $0.7017. Resistance lies around $0.7045, with support at $0.6895. The kiwi dollar eased a fraction to $0.5676, after gaining 0.4% overnight to test resistance at $0.5700. More resistance comes in at $0.5749, with support at the recent 18-month low of $0.5566. Reserve Bank of Australia Deputy Governor Andrew Hauser said tighter monetary policy was working but the inflation outlook still looked “materially worse”, in part due to high oil prices. Hauser emphasised the need to anchor inflation expectations ahead of the RBA’s November 3 board meeting, where it will discuss whether to lift rates for a fifth time this year. Markets reacted by nudging the chance of a November rate rise to 44%, from 30% at the start of the week, while a December move shifted up to a probability of 64%. Data on consumer prices for the third quarter are due next week and analysts suspect core inflation could rise a hefty 0.9% to 1.0%, keeping the annual pace at 3.5% and well above the RBA’s target band of 2% to 3%. Hauser said it was “pretty clear” that the inflation outcome would likely be higher than the RBA itself had forecast. New Zealand’s consumer price figures are out on Thursday and median forecasts are for a rise of 0.8% in the third quarter, which would see the annual inflation rate slow to 3.8% from 4.1%. However, recent increases in fuel costs and airfares suggest inflation will pop higher again this quarter and top the Reserve Bank of New Zealand’s forecast of 3.9%. Markets imply almost a 90% chance the central bank will lift its official cash rate (OCR) a quarter point to 3.0% when it meets next week, and take rates to 3.75% next year. “Higher for longer inflation is a major headache for the RBNZ as it risks pressuring inflation expectations higher,” economists at ASB wrote in a note. “Our view remains that rates will peak at 3.25% by the end of this year, but risks are heavily skewed to a higher OCR in 2027.” [...]

South African rand flat before mid-year budget review
October 21, 2026 6:02
South African rand flat before mid-year budget review

JOHANNESBURG: The South African rand was little changed in early trade on Wednesday as investors avoided taking large ​positions ahead of the mid-year budget review, which is ‌expected to provide clues on the country’s fiscal outlook and credit-rating prospects. At 0542 GMT, the rand traded at 16.4075 against the dollar , ​a whisker away from Tuesday’s close. Finance Minister Enoch Godongwana ​is due to deliver the Medium-Term Budget Policy Statement ⁠at around 1200 GMT. Economists expect Godongwana to present an improved ​fiscal outlook, with a revenue windfall bolstering a push to ​regain an investment-grade credit rating. But record-high fuel prices, weak economic growth and pressure to spend ahead of November 4 local government elections could ​limit how much of the windfall the Treasury saves. Statistics South ​Africa is set to release consumer inflation  and retail sales data on ‌Wednesday, ⁠providing a snapshot of price pressures and consumer demand in Africa’s largest economy as the Middle East conflict keeps fuel costs elevated. Economists polled by Reuters expect headline inflation to accelerate to ​4.7% in ​September from 4.4% ⁠in August, while annual retail sales growth is forecast to edge up to 3.5% in ​August from 3.4% in July. Investec forecasts inflation ​at 4.6%, ⁠while Nedbank expects a reading of 4.8%, citing higher transport costs driven by rising fuel prices and rand weakness. The rand ⁠fell more ​than 2% against the dollar in ​September. South Africa’s benchmark 2035 government bond was flat in early deals, with the ​yield at 8.735%. [...]

Japan's Nikkei rallies as AI demand outlook brightens By Rocky Swift
October 21, 2026 5:58
Japan's Nikkei rallies as AI demand outlook brightens By Rocky Swift

TOKYO: Japan’s Nikkei share gauge rallied on Wednesday on renewed optimism over demand in the red-hot AI sector. The benchmark Nikkei 225 climbed 1.56% to 65,074.56 in early trading, while the broader Topix gained 1.03% to 4,050.65. US shares rose overnight, while AI-related sentiment was boosted by SpaceX’s first profit as a public company. Separately, ByteDance, Alibaba and Tencent were reported to have ordered more than 3 million Nvidia RTX PRO 5500 GPUs worth over $35 billion. Japan’s exports in September rose 16.7% from a year earlier, government data showed on Wednesday, lower than forecast but still demonstrating resilient demand for semiconductors and AI-related products. “Following the firm tone in the US market, the Japanese market is expected to open today with buyers having the upper hand,” Monex Securities analyst Yoshitaka Araya said in a report. There were 140 advancers in the Nikkei 225 against 85 decliners. The largest percentage gainers in the index were Mitsui Kinzoku, up 7.10%, followed by Ibiden, trading 5.92% higher, and JX ADVANCED META, which gained 5.22%. The largest losers were Toho, down 3.41%, followed by Shift, trading 2.88% lower, and Aeon, which lost 2.46%. [...]

Australian shares almost flat as NEXTDC rout offsets gains in banks
October 21, 2026 5:56
Australian shares almost flat as NEXTDC rout offsets gains in banks

Australian shares were little changed on Wednesday as a record selloff in NEXTDC countered gains in banks after the data-centre operator cut its 2027 forecast due to delays in power upgrades at a key Melbourne facility. The S&P/ASX 200 index eased 0.1% to 8,811.60 by 0040 GMT after closing 0.3% lower on Tuesday. NEXTDC shares plunged as much as 44.8%, putting the stock on track for its worst-ever session and wiping more than A$3.1 billion ($2.17 billion) off its market value. The selloff dragged the technology sector down 5.6% and added to concerns about whether electricity infrastructure can keep pace with the rapid growth of AI-related data-centre demand globally. Rate-sensitive financials gained 0.3%, with the “big four” banks trading in positive territory. Reserve Bank of Australia Deputy Governor Andrew Hauser said hawkish monetary policy was working to slow the economy, but the inflation outlook had still worsened, leaving him unsure whether interest rates would need to rise further. Swaps imply nearly a 45% chance of a rate hike to 4.85% next month, up from 30% at the start of the week. Among individual stocks, Woodside Energy fell as much as 1.3% in its biggest intraday drop in more than a week, after the country’s top independent oil and gas producer trimmed the top end of its annual production forecast. Energy stocks fell 0.5%, tracking a dip in Brent crude prices, while miners slid 0.5% on softer copper prices. Further south, New Zealand’s benchmark S&P/NZX 50 index fell 0.1% to 13,613.81. Investors awaited the third-quarter inflation data, due on Thursday, for clues on the Reserve Bank of New Zealand’s next move at its October 28 meeting. [...]

China and HK stocks drop as investors focus on earnings; CATL slumps
October 21, 2026 5:53
China and HK stocks drop as investors focus on earnings; CATL slumps

HONG KONG: China and Hong Kong stocks fell on Wednesday despite a broader recoveryin Asian shares, as weaker profit growth in index heavyweight CATL and growing worries over the health of the consumer sector weighed on sentiment. China’s blue-chip CSI300 Index dropped 0.7% by the lunch break, while the Shanghai Composite Index lost 0.3%. Hong Kong benchmark Hang Seng was down 0.4%. Shares of CATL tumbled 10% in both Hong Kong and mainland markets after the top Chinese battery maker posted much slower profit growth in the third quarter, hit by fierce competition andslower China auto sales growth. Adding to risk aversion was the weak performance of toymaker Pop Mart, whose shares dropped 4% by midday as investors expect its third quarter earnings to disappoint. Market participants said investors are expressing their bearish view on China’s weak domestic demand through trading consumer stocks ahead of third-quarter earnings. Liquor and new energy firms led the decline while big data and cloud operators outperformed. Investors believe policymakers are unlikely to roll out market stimulus measures soon given economic growth remains robust, thanks to exports. “Rather than seeking to boost near-term growth, the government’s focus remains on technological advancement, industrial upgrading and greater self-sufficiency,” Sophie Altermatt, an economist at Julius Baer, said in a note. ‑Reuters [...]

Vietnam raises $371 million in government bond auction
October 21, 2026 5:51
Vietnam raises $371 million in government bond auction

HANOI: Vietnam’s State Treasury raised 9.6 trillion dong ($371 million) in its weekly government bond auction on Wednesday, down from the revised $442 million raised last week. The uptake was also lower, with 56% of the bonds on offer sold, compared with 64% last week, according to a Hanoi Stock Exchange filing. The treasury sold all of the 6 trillion dong of 5-year bonds on offer, at a coupon of 4.27% It sold 3.6 trillion dong of the 9 trillion dong of 10-year bonds on offer, at a coupon of 4.43%. It failed to offload any of the combined 2 trillion dong of 15- and 30-year bonds on offer. The government aims to raise 500 trillion dong from bond sales this year and has raised more than 325 trillion dong so far Vietnamese companies have raised 462 trillion dong via bonds this year up to October 16, according to bond market association data. Top issuers over the past week include Vietnam Public Bank. The total value of corporate bonds maturing during the remainder of this year stands at 51 trillion dong. [...]

Gold dips for fourth session as oil rally fans inflation concerns
October 21, 2026 5:42
Gold dips for fourth session as oil rally fans inflation concerns

Gold eased for a fourth straight session on Wednesday as higher oil prices stoked inflationary concerns, while investors looked ahead to next week’s Federal Reserve policy meeting for clues on the future path of interest rates. Spot gold was down 0.1% at $4,119.37 per ounce by 0516 GMT, while US gold futures for December delivery slipped 0.1% to $4,137.00. “The metal could remain under some pressure as crude prices returned to the upside, keeping inflationary pressures in place and reinforcing hawkish monetary policy expectations,” said Bas Kooijman, CEO and asset manager of DHF Capital S.A. Oil prices edged higher on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia. “At this point, if some of these rate hikes that the markets have baked in for next year fall out of the forecast or at least downgrade in their likelihood, then that’s likely to send gold higher,” said Ilya Spivak, head of global macro at Tastylive. The Fed will skip raising interest rates this month and deliver a hike in December, according to nearly all economists polled by Reuters, as policymakers signal patience even as stubborn inflation argues for a tougher response. Expectations of a rate hike at the central bank’s October 27-28 policy meeting are as low as 15%, while traders still see an 88% chance of a hike in December, according to CME’s FedWatch Tool. Higher interest rates typically weigh on gold prices because they increase the opportunity cost of holding the metal, which does not pay interest. The US dollar index stabilised after recent losses, further weighing on bullion demand. Markets are also waiting for US Personal Consumption Expenditures data next week, the Fed’s preferred gauge to monitor its 2% inflation target. Among other metals, spot silver slid 1.1% to $57.35 per ounce, platinum fell 0.6% to $1,639.47 and palladium dropped 1% to $1,091.78. [...]

Indian rupee to rise on Jio IPO inflows, RBI while oil risks cloud outlook
October 21, 2026 5:33
Indian rupee to rise on Jio IPO inflows, RBI while oil risks cloud outlook

MUMBAI: The Indian rupee is likely to rise on Wednesday, supported by dollar inflows linked to the Jio Platforms IPO and by the ​Reserve Bank of India’s support, though traders remain wary of ‌oil-price risks that could revive pressure on the currency. The Indian rupee is expected to open between 94.75-94.80, per traders, having settled at 94.9250 to the dollar on Monday. India’s financial ​markets were shut for a holiday on Tuesday. Jio Platforms’ initial public ​offering opens for subscription on Wednesday – the issue has already drawn ⁠robust institutional interest. Bids for the anchor portion totalled more than ​30 times the shares on offer. Foreign investors typically use sell/buy swaps to ​manage their dollar flows for IPO allotments, selling dollars for rupees in the spot market and agreeing to buy them back at a later date, usually less than ​a week. Once shares are allotted, investors can unwind these positions and ​sell dollars outright to fund their investments, leading to dollar supply, traders said. Apart from the ‌expected ⁠IPO-related inflows, the rupee is likely to draw support from continued dollar sales by the Reserve Bank of India, which has been intervening around the 95-per-dollar level to boost the currency. The rupee is on a ​seven-day winning streak. “While ​the currency has ⁠momentum, it is finding it increasingly difficult to break past the 94.70 level,” a currency trader at a ​bank said. Whether IPO-related inflows will provide the impetus for the ​rupee ⁠to break through that level, which it has repeatedly struggled with, is the question, he added. Oil risks Oil remains a key vulnerability for the local currency. Oil prices rose ⁠on ​Wednesday on Middle East supply concerns, with traders wary ​of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia. Brent crude rose ​1.5% to $110.34. [...]

Pakistan exporters urge trade arrangements to counter India, Bangladesh
October 21, 2026 5:30
Pakistan exporters urge trade arrangements to counter India, Bangladesh

Pakistan’s exporters have urged the government to explore improved bilateral trade arrangements and study markets where regional competitors India and Bangladesh enjoy preferential access, as shifting global trade rules intensify pressure on the country’s export competitiveness. The development came during a high-level meeting held between Federal Minister for Commerce Jam Kamal Khan and leading exporters, industrialists and representatives of the business community at the Ministry of Commerce, read an official statement on Wednesday. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry joined virtually, while Minister of State for Finance and Revenue Bilal Azhar Kayani, Coordinator to the Prime Minister on Commerce and Industries Rana Ihsaan Afzal Khan, secretaries of concerned ministries and senior officials from relevant departments participated. Most business representatives joined virtually, while others attended in person. During the meeting, exporters discussed international shipping delays, port facilitation, tax refunds and banking regulations, proposing greater flexibility in payment settlement periods due to disruptions in global logistics. Participants recommended studying markets where Bangladesh and India enjoy preferential trade advantages and exploring improved bilateral trade arrangements to strengthen Pakistan’s export competitiveness. Business representatives appreciated the EXIM Bank scheme for exporters, describing it as a positive initiative to improve access to export financing and support businesses seeking to expand internationally. Industry representatives also highlighted concerns regarding energy costs, the captive power gas levy, provincial infrastructure levies and rising production expenses. Petroleum Division officials provided clarifications on the gas levy mechanism. Representatives of the meat and livestock sector highlighted challenges relating to foot-and-mouth disease, international sanitary requirements, border restrictions and access to Gulf markets. Responding, Jam Kamal Khan informed participants that the prime minister was personally taking a keen interest in livestock development, including disease control, investment, improved breeding and value-added exports. The meeting was also informed of plans for a dedicated, private-sector-led livestock board. Mineral exporters raised concerns regarding restrictions on mining explosives and withholding taxes, while Qaiser Saleem Shabbir, representing the surgical instruments sector, emphasised the need for technological advancement, skilled human resources, industrial investment and modernisation to enhance Pakistan’s export competitiveness. FBR officials briefed participants on measures to improve tax refund processing and digital invoicing, while exporters highlighted difficulties relating to outstanding refunds, business visas and international compliance requirements. Concluding the meeting, Jam Kamal said that the Ministry of Commerce would consolidate sector-specific and cross-cutting issues and seek responses from concerned ministries to develop practical recommendations for the prime minister’s consideration. [...]

PSX: stocks surge, KSE-100 up over 1,000 points in early trading
October 21, 2026 5:00
PSX: stocks surge, KSE-100 up over 1,000 points in early trading

Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening minutes of trading on Wednesday. At 9:58am, the benchmark index was hovering at 166,176.01, up 1,024.37 points or 0.62%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, SSGC, SNGPL, HBL, MEBL, NBP and UBL, traded in the green. On Tuesday, PSX extended its decline as persistent selling pressure, cautious investor sentiment and lingering macroeconomic and geopolitical concerns dragged the index down. The benchmark KSE-100 Index fell by 814.44 points, or 0.49%, to close at 165,151.64 points. Globally, Asian stocks rose, and bonds stabilised at the start of trading ​on Wednesday following Wall Street’s gain as early indications from the corporate earnings season pointed to strong profits for ‌global companies and bolstered investor confidence. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.5%, led by a 4% gain for Korean shares, while Japan’s Nikkei 225 climbed 1.3%. S&P 500 e-mini futures rose 0.3%. Stocks in the region have steadied since a wrenching selloff last week but have traded in a tight range ​since then. However, French stocks fell as fears remained around the government’s plans to curb recent unrest. Prime Minister Sebastien Lecornu said the government would reinforce police with a “massive” deployment of troops to quell protests planned for Saturday. In emerging markets, ​traders are awaiting a decision from Indonesia’s central bank, which is battling to halt the rupiah’s slide following a market rout from an MSCI warning that it may exclude the ​country’s stocks from its major benchmarks. This is an intraday update [...]

South Korea October 1-20 exports surge 105% on record chip sales
October 21, 2026 3:12
South Korea October 1-20 exports surge 105% on record chip sales

SEOUL: South ​Korea’s exports surged ‌105.4% in the first 20 days of ​this month from ​a year earlier, led ⁠by record chip ​sales driven by global ​AI investment, customs data showed on Wednesday. On a ​working-day average basis, ​exports were up 65.9% at ‌a ⁠record $4.74 billion. Exports of semiconductors rose 222.5%, accounting for 44.7% ​of the ​total. South Korea stocks slip despite stellar exports as oil worries weigh Last ⁠month, exports rose 83.7%, the ​biggest jump since ​February ⁠1974, with the monthly value topping $120 ⁠billion ​for the ​first time. [...]

Pakistan, Maldives sign MoUs on defence, IT, agriculture and tourism
October 21, 2026 8:49
Pakistan, Maldives sign MoUs on defence, IT, agriculture and tourism

Pakistan and the Maldives on Wednesday signed a series of Memoranda of Understanding (MoUs) aimed at deepening bilateral relations across multiple sectors, including defence, information technology, cybersecurity, health, education, social protection, agriculture and tourism. The agreements were signed during the three-day state visit of Maldives President Dr Mohamed Muizzu, the first visit by a Maldivian president to Pakistan in 11 years, coinciding with the 60th anniversary of diplomatic relations between the two countries. Prime Minister Shehbaz Sharif and President Dr Muizzu witnessed the signing ceremony, as representatives from both sides exchanged the pre-signed documents. The two countries signed an MoU on cooperation in information technology, cybersecurity, artificial intelligence, digital skills, technology and innovation. Another agreement was signed to strengthen cooperation in combating illicit trafficking and the abuse of narcotic drugs. The two sides also signed MoUs on social protection, health cooperation, and cooperation between the Maldives Food and Drug Authority and Pakistan’s Drug Regulatory Authority. Both countries signed agreements focused on the recruitment of health professionals, strengthening defence ties and maritime security cooperation. To boost agricultural cooperation, the two countries signed an MoU on agriculture, alongside another agreement to promote cooperation in fisheries. In the education sector, the two sides signed an MoU to promote technical and vocational education and training, as well as another agreement to strengthen educational cooperation. Representatives from Pakistan and the Maldives also exchanged documents on MoUs covering youth and sports development, air connectivity, tourism, and cooperation in arts, culture and heritage. The agreements also included cooperation between the National College of Policy and Law Enforcement of the Maldives Police Service and Pakistan’s National Police Academy in Islamabad; the Civil Service Commission of the Maldives and Pakistan’s Federal Public Service Commission; and the Maldivian Civil Service Commission and Pakistan’s Civil Service Academy. To boost commercial engagement, an MoU was signed between the Maldives State Trading Organisation (STO) and the Trading Corporation of Pakistan (TCP) to promote cooperation in the trade of agricultural commodities, food and other products. The two countries also signed an agreement aimed at strengthening cooperation in the field of environment. [...]

Oil rises on Middle East supply fears, US inventory drawdowns
October 21, 2026 6:44
Oil rises on Middle East supply fears, US inventory drawdowns

BEIJING: Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market. Brent crude futures rose $1.59, or 1.5%, to $110.38 per barrel as of 0350 GMT. US West Texas Intermediate (WTI) crude gained $1.36, or 1.4%, to $99.18 per barrel. Iran’s Guards claim strikes against Oman and Bahrain Prices fell in the previous trading session after Iran’s president discussed mediation efforts in a meeting with Pakistan’s army chief in Tehran, though Brent hit a five-month high before easing. “Oil prices have been having a bit of wild ride in the last couple of sessions,” said Suvro Sarkar, head of energy research at DBS. “We believe this is a mix of profit taking and optimistic hopes of a Qatar- or Pakistan-brokered deal, countered by the realisation that any deal is still very distant and compounded further by inventory data from the American Petroleum Institute (API), which shows drawdowns continuing in the US for both crude and products.” Iran told Pakistan’s army chief there would be no talks with Washington until its demands were met, Iranian media outlet Nournews reported on Tuesday, adding that a Qatari delegation had arrived in Tehran. There was no official confirmation of the reports. Maritime security risks are also escalating. Shiptracker Kpler said on Monday that at least 18 vessel attacks were recorded over the past two weeks, while LSEG analysts warned Iran was targeting tankers well beyond the Strait of Hormuz, reaching into the Gulf of Oman and jeopardising Gulf crude loadings and the ship-to-ship transfers supporting regional loadings. Houthi attack kills 53 at Yemen government training camp, officials say In Saudi Arabia, the Houthis on Monday claimed responsibility for attacks on a Saudi Aramco site in Yanbu, the Shaybah oilfield and Saudi Arabia’s Riyadh and Abha airports. The death toll from a Houthi attack on Yemeni government forces on Monday rose to 73 as fighting intensified. Iranian Foreign Minister Abbas Araqchi said in a television interview aired on Tuesday that Iran has not received a response from Saudi Arabia or Yemen’s Houthis to its offer to help broker peace talks. In the US, two Energy Department officials said on Tuesday they were working with refiners around the world to boost fuel output as a diesel shortage has raised prices. Hormuz could be ‘redundant’ in five years: HSBC According to market sources citing API data, US crude stocks fell by 4.9 million barrels in the week ended October 16. [...]

Thai baht/US dollar steady on Wednesday
October 21, 2026 6:37
Thai baht/US dollar steady on Wednesday

BANGKOK: The Thai baht was little changed against the US dollar on Wednesday. At 0208 GMT, the baht was 0.04% lower at 33.62 versus the dollar, after trading in a range of 33.620 to 33.670. It ended the previous session at 33.6025 per dollar, as per LSEG data. [...]

Indian bonds sell off on oil shock ahead of RBI policy minutes
October 21, 2026 6:29
Indian bonds sell off on oil shock ahead of RBI policy minutes

MUMBAI: Indian government bonds slumped on Wednesday as a persistent spike in oil prices fuelled inflation concerns and added to worries of further rate hikes, ahead of the minutes of the central bank’s latest policy meeting. The benchmark 6.94% 2036 bond yield was at 7.4352% as of 10 a.m. IST, after ending at 7.3920% on Monday. Indian debt markets were shut on Tuesday for a local holiday. The yield had risen to 7.4397% earlier in the session, its highest level since March 9, 2023. “Oil is driving the market right now, and it is difficult to see any large conviction-led buying till the picture becomes clearer,” a trader with a primary dealership said. The benchmark Brent crude came within a whisker of $112 a barrel on Tuesday, its highest in five months, and prices stayed elevated through Asian hours as traders weighed Red Sea shipping risks and threats to Saudi oil infrastructure. India imports nearly 90% of its crude and is especially exposed to supply shocks. Persistently high energy prices threaten to push up inflation, weigh on the rupee and strain government finances. India’s September consumer inflation accelerated to 5.54%, and is on track to cross the upper end of the central bank’s tolerance band in October, according to economists. The Reserve Bank of India raised its key policy rate and changed stance to “calibrated tightening” at its monetary policy meet earlier this month. Traders will scan the minutes of that meeting, due after market hours on Wednesday, for clues on the RBI’s assessment of oil-driven inflation and how fast it plans to raise rates. Swap markets are pricing in about 100 basis points of rate hikes over the next 12 months, including bets of a 50-bp move by the central bank’s December meeting. [...]

China's yuan touches new high since 2022 on weaker dollar, export resilience
October 21, 2026 6:27
China's yuan touches new high since 2022 on weaker dollar, export resilience

HONG KONG: China’s yuan traded in a narrow range on Wednesday after briefly hitting its highest in more than four years, supported by robust export growth and a broadly weaker dollar.  The greenback remained subdued after falling to a three-week low in the previous session, with lower Treasury yields and weaker oil prices reducing the currency’s appeal. The yuan touched 6.6765 per dollar in morning trade, its strongest level since June 28, 2022, before easing slightly to 6.6791 as of 0250 GMT. China’s third quarter economic growth beat expectations as roaring exports offset consumers’ tight grip on their wallets. Domestic economic resilience, capital inflows, and rising corporate demand to convert forex earnings into yuan, have combined to reinforced yuan’s upward trend, Caitong Securities analysts said in a note.  “The appreciation pace may slow down going forward” as geopolitical uncertainties could provide support to the dollar and marginally dampen capital inflows, they added.  Goldman Sachs estimated China attracted net forex inflows of $50 billion in September, with the FX conversion ratio edging up to 66% from 63% the previous month. The yuan is up 0.4% against the dollar this month, and 4.7% firmer this year.  The central bank has gradually allowed the daily midpoint to strengthen alongside the yuan’s rise. Prior to the market opening, the People’s Bank of China set the midpoint rate at 6.7192 per dollar, its strongest since February 2, 2023 and 413 pips weaker than a Reuters’ estimate. The spot yuan is allowed to trade 2% either side of the fixed midpoint each day. The offshore yuan traded at 6.6786 yuan per dollar, down about 0.05%. [...]

Australian dollar extends rally, market narrows odds on hike
October 21, 2026 6:23
Australian dollar extends rally, market narrows odds on hike

SYDNEY: The Australian dollar was looking to rally for a fourth session on Wednesday as US yields declined and investors narrowed the odds of another interest rate hike at home after hawkish comments from a central banker. The Aussie firmed 0.1% to $0.7011, having risen 0.3% overnight to as far as $0.7017. Resistance lies around $0.7045, with support at $0.6895. The kiwi dollar eased a fraction to $0.5676, after gaining 0.4% overnight to test resistance at $0.5700. More resistance comes in at $0.5749, with support at the recent 18-month low of $0.5566. Reserve Bank of Australia Deputy Governor Andrew Hauser said tighter monetary policy was working but the inflation outlook still looked “materially worse”, in part due to high oil prices. Hauser emphasised the need to anchor inflation expectations ahead of the RBA’s November 3 board meeting, where it will discuss whether to lift rates for a fifth time this year. Markets reacted by nudging the chance of a November rate rise to 44%, from 30% at the start of the week, while a December move shifted up to a probability of 64%. Data on consumer prices for the third quarter are due next week and analysts suspect core inflation could rise a hefty 0.9% to 1.0%, keeping the annual pace at 3.5% and well above the RBA’s target band of 2% to 3%. Hauser said it was “pretty clear” that the inflation outcome would likely be higher than the RBA itself had forecast. New Zealand’s consumer price figures are out on Thursday and median forecasts are for a rise of 0.8% in the third quarter, which would see the annual inflation rate slow to 3.8% from 4.1%. However, recent increases in fuel costs and airfares suggest inflation will pop higher again this quarter and top the Reserve Bank of New Zealand’s forecast of 3.9%. Markets imply almost a 90% chance the central bank will lift its official cash rate (OCR) a quarter point to 3.0% when it meets next week, and take rates to 3.75% next year. “Higher for longer inflation is a major headache for the RBNZ as it risks pressuring inflation expectations higher,” economists at ASB wrote in a note. “Our view remains that rates will peak at 3.25% by the end of this year, but risks are heavily skewed to a higher OCR in 2027.” [...]

US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan Foods
October 21, 2026 6:19
US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan Foods

US-based McCormick & Company has announced its intention to acquire at least 76.55% and control of Unilever Pakistan Foods Limited, according to a regulatory filing on Wednesday, as part of a global transaction involving Unilever PLC’s food business. McCormick intends to acquire 4.88 million shares in the Pakistani company through an agreement, with a public offer to be made in accordance with Pakistan’s takeover regulations, the announcement said.  “Acquirer intends to acquire at least 76.55% shareholding and control of the target company (Unilever Pakistan Foods Limited). “The intended acquisition forms part of the proposed combination of Unilever PLC’s global food business with McCormick & Company Inc. involving the acquisition by the acquirer of sole control of substantially all of Unilever PLC’s global food business, subject to agreed business exclusions, pursuant to a merger agreement dated 31 March 2026,” read the notice. McCormick & Company is an American food company founded in 1889 and headquartered in Maryland. It is a global leader in flavour, manufacturing and distributing spices, herbs, seasoning mixes, and condiments under brands like McCormick, French’s, Frank’s RedHot, and OLD BAY across 150 countries. “The public offer will be subject to the receipt of all requisite regulatory approvals, including the approval of the Competition Commission of Pakistan,” read the public notice. Unilever Pakistan Foods had 6.37 million issued ordinary shares, each with a face value of Rs10, according to the announcement. Its shares closed at Rs25,352 on the day before the announcement, while the 28-day weighted average price, from 23 September 2026 to 20 October 2026, stood at Rs25,308. The company reported net sales of Rs40.57 billion in 2025, up from Rs33.71 billion a year earlier. However, its net profit fell to Rs5.95 billion from Rs6.98 billion over the same period. Arif Habib Limited has been appointed manager to the offer. [...]

South African rand flat before mid-year budget review
October 21, 2026 6:02
South African rand flat before mid-year budget review

JOHANNESBURG: The South African rand was little changed in early trade on Wednesday as investors avoided taking large ​positions ahead of the mid-year budget review, which is ‌expected to provide clues on the country’s fiscal outlook and credit-rating prospects. At 0542 GMT, the rand traded at 16.4075 against the dollar , ​a whisker away from Tuesday’s close. Finance Minister Enoch Godongwana ​is due to deliver the Medium-Term Budget Policy Statement ⁠at around 1200 GMT. Economists expect Godongwana to present an improved ​fiscal outlook, with a revenue windfall bolstering a push to ​regain an investment-grade credit rating. But record-high fuel prices, weak economic growth and pressure to spend ahead of November 4 local government elections could ​limit how much of the windfall the Treasury saves. Statistics South ​Africa is set to release consumer inflation  and retail sales data on ‌Wednesday, ⁠providing a snapshot of price pressures and consumer demand in Africa’s largest economy as the Middle East conflict keeps fuel costs elevated. Economists polled by Reuters expect headline inflation to accelerate to ​4.7% in ​September from 4.4% ⁠in August, while annual retail sales growth is forecast to edge up to 3.5% in ​August from 3.4% in July. Investec forecasts inflation ​at 4.6%, ⁠while Nedbank expects a reading of 4.8%, citing higher transport costs driven by rising fuel prices and rand weakness. The rand ⁠fell more ​than 2% against the dollar in ​September. South Africa’s benchmark 2035 government bond was flat in early deals, with the ​yield at 8.735%. [...]

Japan's Nikkei rallies as AI demand outlook brightens By Rocky Swift
October 21, 2026 5:58
Japan's Nikkei rallies as AI demand outlook brightens By Rocky Swift

TOKYO: Japan’s Nikkei share gauge rallied on Wednesday on renewed optimism over demand in the red-hot AI sector. The benchmark Nikkei 225 climbed 1.56% to 65,074.56 in early trading, while the broader Topix gained 1.03% to 4,050.65. US shares rose overnight, while AI-related sentiment was boosted by SpaceX’s first profit as a public company. Separately, ByteDance, Alibaba and Tencent were reported to have ordered more than 3 million Nvidia RTX PRO 5500 GPUs worth over $35 billion. Japan’s exports in September rose 16.7% from a year earlier, government data showed on Wednesday, lower than forecast but still demonstrating resilient demand for semiconductors and AI-related products. “Following the firm tone in the US market, the Japanese market is expected to open today with buyers having the upper hand,” Monex Securities analyst Yoshitaka Araya said in a report. There were 140 advancers in the Nikkei 225 against 85 decliners. The largest percentage gainers in the index were Mitsui Kinzoku, up 7.10%, followed by Ibiden, trading 5.92% higher, and JX ADVANCED META, which gained 5.22%. The largest losers were Toho, down 3.41%, followed by Shift, trading 2.88% lower, and Aeon, which lost 2.46%. [...]

Australian shares almost flat as NEXTDC rout offsets gains in banks
October 21, 2026 5:56
Australian shares almost flat as NEXTDC rout offsets gains in banks

Australian shares were little changed on Wednesday as a record selloff in NEXTDC countered gains in banks after the data-centre operator cut its 2027 forecast due to delays in power upgrades at a key Melbourne facility. The S&P/ASX 200 index eased 0.1% to 8,811.60 by 0040 GMT after closing 0.3% lower on Tuesday. NEXTDC shares plunged as much as 44.8%, putting the stock on track for its worst-ever session and wiping more than A$3.1 billion ($2.17 billion) off its market value. The selloff dragged the technology sector down 5.6% and added to concerns about whether electricity infrastructure can keep pace with the rapid growth of AI-related data-centre demand globally. Rate-sensitive financials gained 0.3%, with the “big four” banks trading in positive territory. Reserve Bank of Australia Deputy Governor Andrew Hauser said hawkish monetary policy was working to slow the economy, but the inflation outlook had still worsened, leaving him unsure whether interest rates would need to rise further. Swaps imply nearly a 45% chance of a rate hike to 4.85% next month, up from 30% at the start of the week. Among individual stocks, Woodside Energy fell as much as 1.3% in its biggest intraday drop in more than a week, after the country’s top independent oil and gas producer trimmed the top end of its annual production forecast. Energy stocks fell 0.5%, tracking a dip in Brent crude prices, while miners slid 0.5% on softer copper prices. Further south, New Zealand’s benchmark S&P/NZX 50 index fell 0.1% to 13,613.81. Investors awaited the third-quarter inflation data, due on Thursday, for clues on the Reserve Bank of New Zealand’s next move at its October 28 meeting. [...]

China and HK stocks drop as investors focus on earnings; CATL slumps
October 21, 2026 5:53
China and HK stocks drop as investors focus on earnings; CATL slumps

HONG KONG: China and Hong Kong stocks fell on Wednesday despite a broader recoveryin Asian shares, as weaker profit growth in index heavyweight CATL and growing worries over the health of the consumer sector weighed on sentiment. China’s blue-chip CSI300 Index dropped 0.7% by the lunch break, while the Shanghai Composite Index lost 0.3%. Hong Kong benchmark Hang Seng was down 0.4%. Shares of CATL tumbled 10% in both Hong Kong and mainland markets after the top Chinese battery maker posted much slower profit growth in the third quarter, hit by fierce competition andslower China auto sales growth. Adding to risk aversion was the weak performance of toymaker Pop Mart, whose shares dropped 4% by midday as investors expect its third quarter earnings to disappoint. Market participants said investors are expressing their bearish view on China’s weak domestic demand through trading consumer stocks ahead of third-quarter earnings. Liquor and new energy firms led the decline while big data and cloud operators outperformed. Investors believe policymakers are unlikely to roll out market stimulus measures soon given economic growth remains robust, thanks to exports. “Rather than seeking to boost near-term growth, the government’s focus remains on technological advancement, industrial upgrading and greater self-sufficiency,” Sophie Altermatt, an economist at Julius Baer, said in a note. ‑Reuters [...]

Vietnam raises $371 million in government bond auction
October 21, 2026 5:51
Vietnam raises $371 million in government bond auction

HANOI: Vietnam’s State Treasury raised 9.6 trillion dong ($371 million) in its weekly government bond auction on Wednesday, down from the revised $442 million raised last week. The uptake was also lower, with 56% of the bonds on offer sold, compared with 64% last week, according to a Hanoi Stock Exchange filing. The treasury sold all of the 6 trillion dong of 5-year bonds on offer, at a coupon of 4.27% It sold 3.6 trillion dong of the 9 trillion dong of 10-year bonds on offer, at a coupon of 4.43%. It failed to offload any of the combined 2 trillion dong of 15- and 30-year bonds on offer. The government aims to raise 500 trillion dong from bond sales this year and has raised more than 325 trillion dong so far Vietnamese companies have raised 462 trillion dong via bonds this year up to October 16, according to bond market association data. Top issuers over the past week include Vietnam Public Bank. The total value of corporate bonds maturing during the remainder of this year stands at 51 trillion dong. [...]

Gold dips for fourth session as oil rally fans inflation concerns
October 21, 2026 5:42
Gold dips for fourth session as oil rally fans inflation concerns

Gold eased for a fourth straight session on Wednesday as higher oil prices stoked inflationary concerns, while investors looked ahead to next week’s Federal Reserve policy meeting for clues on the future path of interest rates. Spot gold was down 0.1% at $4,119.37 per ounce by 0516 GMT, while US gold futures for December delivery slipped 0.1% to $4,137.00. “The metal could remain under some pressure as crude prices returned to the upside, keeping inflationary pressures in place and reinforcing hawkish monetary policy expectations,” said Bas Kooijman, CEO and asset manager of DHF Capital S.A. Oil prices edged higher on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia. “At this point, if some of these rate hikes that the markets have baked in for next year fall out of the forecast or at least downgrade in their likelihood, then that’s likely to send gold higher,” said Ilya Spivak, head of global macro at Tastylive. The Fed will skip raising interest rates this month and deliver a hike in December, according to nearly all economists polled by Reuters, as policymakers signal patience even as stubborn inflation argues for a tougher response. Expectations of a rate hike at the central bank’s October 27-28 policy meeting are as low as 15%, while traders still see an 88% chance of a hike in December, according to CME’s FedWatch Tool. Higher interest rates typically weigh on gold prices because they increase the opportunity cost of holding the metal, which does not pay interest. The US dollar index stabilised after recent losses, further weighing on bullion demand. Markets are also waiting for US Personal Consumption Expenditures data next week, the Fed’s preferred gauge to monitor its 2% inflation target. Among other metals, spot silver slid 1.1% to $57.35 per ounce, platinum fell 0.6% to $1,639.47 and palladium dropped 1% to $1,091.78. [...]

Indian rupee to rise on Jio IPO inflows, RBI while oil risks cloud outlook
October 21, 2026 5:33
Indian rupee to rise on Jio IPO inflows, RBI while oil risks cloud outlook

MUMBAI: The Indian rupee is likely to rise on Wednesday, supported by dollar inflows linked to the Jio Platforms IPO and by the ​Reserve Bank of India’s support, though traders remain wary of ‌oil-price risks that could revive pressure on the currency. The Indian rupee is expected to open between 94.75-94.80, per traders, having settled at 94.9250 to the dollar on Monday. India’s financial ​markets were shut for a holiday on Tuesday. Jio Platforms’ initial public ​offering opens for subscription on Wednesday – the issue has already drawn ⁠robust institutional interest. Bids for the anchor portion totalled more than ​30 times the shares on offer. Foreign investors typically use sell/buy swaps to ​manage their dollar flows for IPO allotments, selling dollars for rupees in the spot market and agreeing to buy them back at a later date, usually less than ​a week. Once shares are allotted, investors can unwind these positions and ​sell dollars outright to fund their investments, leading to dollar supply, traders said. Apart from the ‌expected ⁠IPO-related inflows, the rupee is likely to draw support from continued dollar sales by the Reserve Bank of India, which has been intervening around the 95-per-dollar level to boost the currency. The rupee is on a ​seven-day winning streak. “While ​the currency has ⁠momentum, it is finding it increasingly difficult to break past the 94.70 level,” a currency trader at a ​bank said. Whether IPO-related inflows will provide the impetus for the ​rupee ⁠to break through that level, which it has repeatedly struggled with, is the question, he added. Oil risks Oil remains a key vulnerability for the local currency. Oil prices rose ⁠on ​Wednesday on Middle East supply concerns, with traders wary ​of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia. Brent crude rose ​1.5% to $110.34. [...]

Pakistan exporters urge trade arrangements to counter India, Bangladesh
October 21, 2026 5:30
Pakistan exporters urge trade arrangements to counter India, Bangladesh

Pakistan’s exporters have urged the government to explore improved bilateral trade arrangements and study markets where regional competitors India and Bangladesh enjoy preferential access, as shifting global trade rules intensify pressure on the country’s export competitiveness. The development came during a high-level meeting held between Federal Minister for Commerce Jam Kamal Khan and leading exporters, industrialists and representatives of the business community at the Ministry of Commerce, read an official statement on Wednesday. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry joined virtually, while Minister of State for Finance and Revenue Bilal Azhar Kayani, Coordinator to the Prime Minister on Commerce and Industries Rana Ihsaan Afzal Khan, secretaries of concerned ministries and senior officials from relevant departments participated. Most business representatives joined virtually, while others attended in person. During the meeting, exporters discussed international shipping delays, port facilitation, tax refunds and banking regulations, proposing greater flexibility in payment settlement periods due to disruptions in global logistics. Participants recommended studying markets where Bangladesh and India enjoy preferential trade advantages and exploring improved bilateral trade arrangements to strengthen Pakistan’s export competitiveness. Business representatives appreciated the EXIM Bank scheme for exporters, describing it as a positive initiative to improve access to export financing and support businesses seeking to expand internationally. Industry representatives also highlighted concerns regarding energy costs, the captive power gas levy, provincial infrastructure levies and rising production expenses. Petroleum Division officials provided clarifications on the gas levy mechanism. Representatives of the meat and livestock sector highlighted challenges relating to foot-and-mouth disease, international sanitary requirements, border restrictions and access to Gulf markets. Responding, Jam Kamal Khan informed participants that the prime minister was personally taking a keen interest in livestock development, including disease control, investment, improved breeding and value-added exports. The meeting was also informed of plans for a dedicated, private-sector-led livestock board. Mineral exporters raised concerns regarding restrictions on mining explosives and withholding taxes, while Qaiser Saleem Shabbir, representing the surgical instruments sector, emphasised the need for technological advancement, skilled human resources, industrial investment and modernisation to enhance Pakistan’s export competitiveness. FBR officials briefed participants on measures to improve tax refund processing and digital invoicing, while exporters highlighted difficulties relating to outstanding refunds, business visas and international compliance requirements. Concluding the meeting, Jam Kamal said that the Ministry of Commerce would consolidate sector-specific and cross-cutting issues and seek responses from concerned ministries to develop practical recommendations for the prime minister’s consideration. [...]

Pakistan, Maldives sign MoUs on defence, IT, agriculture and tourism
October 21, 2026 8:49
Pakistan, Maldives sign MoUs on defence, IT, agriculture and tourism

Pakistan and the Maldives on Wednesday signed a series of Memoranda of Understanding (MoUs) aimed at deepening bilateral relations across multiple sectors, including defence, information technology, cybersecurity, health, education, social protection, agriculture and tourism. The agreements were signed during the three-day state visit of Maldives President Dr Mohamed Muizzu, the first visit by a Maldivian president to Pakistan in 11 years, coinciding with the 60th anniversary of diplomatic relations between the two countries. Prime Minister Shehbaz Sharif and President Dr Muizzu witnessed the signing ceremony, as representatives from both sides exchanged the pre-signed documents. The two countries signed an MoU on cooperation in information technology, cybersecurity, artificial intelligence, digital skills, technology and innovation. Another agreement was signed to strengthen cooperation in combating illicit trafficking and the abuse of narcotic drugs. The two sides also signed MoUs on social protection, health cooperation, and cooperation between the Maldives Food and Drug Authority and Pakistan’s Drug Regulatory Authority. Both countries signed agreements focused on the recruitment of health professionals, strengthening defence ties and maritime security cooperation. To boost agricultural cooperation, the two countries signed an MoU on agriculture, alongside another agreement to promote cooperation in fisheries. In the education sector, the two sides signed an MoU to promote technical and vocational education and training, as well as another agreement to strengthen educational cooperation. Representatives from Pakistan and the Maldives also exchanged documents on MoUs covering youth and sports development, air connectivity, tourism, and cooperation in arts, culture and heritage. The agreements also included cooperation between the National College of Policy and Law Enforcement of the Maldives Police Service and Pakistan’s National Police Academy in Islamabad; the Civil Service Commission of the Maldives and Pakistan’s Federal Public Service Commission; and the Maldivian Civil Service Commission and Pakistan’s Civil Service Academy. To boost commercial engagement, an MoU was signed between the Maldives State Trading Organisation (STO) and the Trading Corporation of Pakistan (TCP) to promote cooperation in the trade of agricultural commodities, food and other products. The two countries also signed an agreement aimed at strengthening cooperation in the field of environment. [...]

Oil rises on Middle East supply fears, US inventory drawdowns
October 21, 2026 6:44
Oil rises on Middle East supply fears, US inventory drawdowns

BEIJING: Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market. Brent crude futures rose $1.59, or 1.5%, to $110.38 per barrel as of 0350 GMT. US West Texas Intermediate (WTI) crude gained $1.36, or 1.4%, to $99.18 per barrel. Iran’s Guards claim strikes against Oman and Bahrain Prices fell in the previous trading session after Iran’s president discussed mediation efforts in a meeting with Pakistan’s army chief in Tehran, though Brent hit a five-month high before easing. “Oil prices have been having a bit of wild ride in the last couple of sessions,” said Suvro Sarkar, head of energy research at DBS. “We believe this is a mix of profit taking and optimistic hopes of a Qatar- or Pakistan-brokered deal, countered by the realisation that any deal is still very distant and compounded further by inventory data from the American Petroleum Institute (API), which shows drawdowns continuing in the US for both crude and products.” Iran told Pakistan’s army chief there would be no talks with Washington until its demands were met, Iranian media outlet Nournews reported on Tuesday, adding that a Qatari delegation had arrived in Tehran. There was no official confirmation of the reports. Maritime security risks are also escalating. Shiptracker Kpler said on Monday that at least 18 vessel attacks were recorded over the past two weeks, while LSEG analysts warned Iran was targeting tankers well beyond the Strait of Hormuz, reaching into the Gulf of Oman and jeopardising Gulf crude loadings and the ship-to-ship transfers supporting regional loadings. Houthi attack kills 53 at Yemen government training camp, officials say In Saudi Arabia, the Houthis on Monday claimed responsibility for attacks on a Saudi Aramco site in Yanbu, the Shaybah oilfield and Saudi Arabia’s Riyadh and Abha airports. The death toll from a Houthi attack on Yemeni government forces on Monday rose to 73 as fighting intensified. Iranian Foreign Minister Abbas Araqchi said in a television interview aired on Tuesday that Iran has not received a response from Saudi Arabia or Yemen’s Houthis to its offer to help broker peace talks. In the US, two Energy Department officials said on Tuesday they were working with refiners around the world to boost fuel output as a diesel shortage has raised prices. Hormuz could be ‘redundant’ in five years: HSBC According to market sources citing API data, US crude stocks fell by 4.9 million barrels in the week ended October 16. [...]

Thai baht/US dollar steady on Wednesday
October 21, 2026 6:37
Thai baht/US dollar steady on Wednesday

BANGKOK: The Thai baht was little changed against the US dollar on Wednesday. At 0208 GMT, the baht was 0.04% lower at 33.62 versus the dollar, after trading in a range of 33.620 to 33.670. It ended the previous session at 33.6025 per dollar, as per LSEG data. [...]

Marco Rubio says Witkoff-Zelenskiy meeting ‘positive’, had no surprises
October 21, 2026 6:35
Marco Rubio says Witkoff-Zelenskiy meeting ‘positive’, had no surprises

MUMBAI: US Secretary of State Marco Rubio said on Wednesday that his understanding was envoy Steve Witkoff’s meeting with Ukrainian President Volodymyr Zelenskiy a day earlier had been “positive”, with “nothing unexpected” or “surprising”. “He will now, armed with those ideas, be able to go to St. Petersburg and share them with the Russian side, and let’s see if we can make some progress,” Rubio told reporters in Mumbai during his two-day visit to India. [...]

Indian bonds sell off on oil shock ahead of RBI policy minutes
October 21, 2026 6:29
Indian bonds sell off on oil shock ahead of RBI policy minutes

MUMBAI: Indian government bonds slumped on Wednesday as a persistent spike in oil prices fuelled inflation concerns and added to worries of further rate hikes, ahead of the minutes of the central bank’s latest policy meeting. The benchmark 6.94% 2036 bond yield was at 7.4352% as of 10 a.m. IST, after ending at 7.3920% on Monday. Indian debt markets were shut on Tuesday for a local holiday. The yield had risen to 7.4397% earlier in the session, its highest level since March 9, 2023. “Oil is driving the market right now, and it is difficult to see any large conviction-led buying till the picture becomes clearer,” a trader with a primary dealership said. The benchmark Brent crude came within a whisker of $112 a barrel on Tuesday, its highest in five months, and prices stayed elevated through Asian hours as traders weighed Red Sea shipping risks and threats to Saudi oil infrastructure. India imports nearly 90% of its crude and is especially exposed to supply shocks. Persistently high energy prices threaten to push up inflation, weigh on the rupee and strain government finances. India’s September consumer inflation accelerated to 5.54%, and is on track to cross the upper end of the central bank’s tolerance band in October, according to economists. The Reserve Bank of India raised its key policy rate and changed stance to “calibrated tightening” at its monetary policy meet earlier this month. Traders will scan the minutes of that meeting, due after market hours on Wednesday, for clues on the RBI’s assessment of oil-driven inflation and how fast it plans to raise rates. Swap markets are pricing in about 100 basis points of rate hikes over the next 12 months, including bets of a 50-bp move by the central bank’s December meeting. [...]

China's yuan touches new high since 2022 on weaker dollar, export resilience
October 21, 2026 6:27
China's yuan touches new high since 2022 on weaker dollar, export resilience

HONG KONG: China’s yuan traded in a narrow range on Wednesday after briefly hitting its highest in more than four years, supported by robust export growth and a broadly weaker dollar.  The greenback remained subdued after falling to a three-week low in the previous session, with lower Treasury yields and weaker oil prices reducing the currency’s appeal. The yuan touched 6.6765 per dollar in morning trade, its strongest level since June 28, 2022, before easing slightly to 6.6791 as of 0250 GMT. China’s third quarter economic growth beat expectations as roaring exports offset consumers’ tight grip on their wallets. Domestic economic resilience, capital inflows, and rising corporate demand to convert forex earnings into yuan, have combined to reinforced yuan’s upward trend, Caitong Securities analysts said in a note.  “The appreciation pace may slow down going forward” as geopolitical uncertainties could provide support to the dollar and marginally dampen capital inflows, they added.  Goldman Sachs estimated China attracted net forex inflows of $50 billion in September, with the FX conversion ratio edging up to 66% from 63% the previous month. The yuan is up 0.4% against the dollar this month, and 4.7% firmer this year.  The central bank has gradually allowed the daily midpoint to strengthen alongside the yuan’s rise. Prior to the market opening, the People’s Bank of China set the midpoint rate at 6.7192 per dollar, its strongest since February 2, 2023 and 413 pips weaker than a Reuters’ estimate. The spot yuan is allowed to trade 2% either side of the fixed midpoint each day. The offshore yuan traded at 6.6786 yuan per dollar, down about 0.05%. [...]

Australian dollar extends rally, market narrows odds on hike
October 21, 2026 6:23
Australian dollar extends rally, market narrows odds on hike

SYDNEY: The Australian dollar was looking to rally for a fourth session on Wednesday as US yields declined and investors narrowed the odds of another interest rate hike at home after hawkish comments from a central banker. The Aussie firmed 0.1% to $0.7011, having risen 0.3% overnight to as far as $0.7017. Resistance lies around $0.7045, with support at $0.6895. The kiwi dollar eased a fraction to $0.5676, after gaining 0.4% overnight to test resistance at $0.5700. More resistance comes in at $0.5749, with support at the recent 18-month low of $0.5566. Reserve Bank of Australia Deputy Governor Andrew Hauser said tighter monetary policy was working but the inflation outlook still looked “materially worse”, in part due to high oil prices. Hauser emphasised the need to anchor inflation expectations ahead of the RBA’s November 3 board meeting, where it will discuss whether to lift rates for a fifth time this year. Markets reacted by nudging the chance of a November rate rise to 44%, from 30% at the start of the week, while a December move shifted up to a probability of 64%. Data on consumer prices for the third quarter are due next week and analysts suspect core inflation could rise a hefty 0.9% to 1.0%, keeping the annual pace at 3.5% and well above the RBA’s target band of 2% to 3%. Hauser said it was “pretty clear” that the inflation outcome would likely be higher than the RBA itself had forecast. New Zealand’s consumer price figures are out on Thursday and median forecasts are for a rise of 0.8% in the third quarter, which would see the annual inflation rate slow to 3.8% from 4.1%. However, recent increases in fuel costs and airfares suggest inflation will pop higher again this quarter and top the Reserve Bank of New Zealand’s forecast of 3.9%. Markets imply almost a 90% chance the central bank will lift its official cash rate (OCR) a quarter point to 3.0% when it meets next week, and take rates to 3.75% next year. “Higher for longer inflation is a major headache for the RBNZ as it risks pressuring inflation expectations higher,” economists at ASB wrote in a note. “Our view remains that rates will peak at 3.25% by the end of this year, but risks are heavily skewed to a higher OCR in 2027.” [...]

US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan Foods
October 21, 2026 6:19
US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan Foods

US-based McCormick & Company has announced its intention to acquire at least 76.55% and control of Unilever Pakistan Foods Limited, according to a regulatory filing on Wednesday, as part of a global transaction involving Unilever PLC’s food business. McCormick intends to acquire 4.88 million shares in the Pakistani company through an agreement, with a public offer to be made in accordance with Pakistan’s takeover regulations, the announcement said.  “Acquirer intends to acquire at least 76.55% shareholding and control of the target company (Unilever Pakistan Foods Limited). “The intended acquisition forms part of the proposed combination of Unilever PLC’s global food business with McCormick & Company Inc. involving the acquisition by the acquirer of sole control of substantially all of Unilever PLC’s global food business, subject to agreed business exclusions, pursuant to a merger agreement dated 31 March 2026,” read the notice. McCormick & Company is an American food company founded in 1889 and headquartered in Maryland. It is a global leader in flavour, manufacturing and distributing spices, herbs, seasoning mixes, and condiments under brands like McCormick, French’s, Frank’s RedHot, and OLD BAY across 150 countries. “The public offer will be subject to the receipt of all requisite regulatory approvals, including the approval of the Competition Commission of Pakistan,” read the public notice. Unilever Pakistan Foods had 6.37 million issued ordinary shares, each with a face value of Rs10, according to the announcement. Its shares closed at Rs25,352 on the day before the announcement, while the 28-day weighted average price, from 23 September 2026 to 20 October 2026, stood at Rs25,308. The company reported net sales of Rs40.57 billion in 2025, up from Rs33.71 billion a year earlier. However, its net profit fell to Rs5.95 billion from Rs6.98 billion over the same period. Arif Habib Limited has been appointed manager to the offer. [...]

Trump says Pentagon to invest $1.5 billion in North Carolina chip production
October 21, 2026 6:05
Trump says Pentagon to invest $1.5 billion in North Carolina chip production

President Donald Trump said on Wednesday that the Pentagon would invest $1.5 billion in semiconductor chip production in North Carolina. “This is a very, very big one,” Trump said at a rally in the state, without providing details on how the investment would be made. [...]

South African rand flat before mid-year budget review
October 21, 2026 6:02
South African rand flat before mid-year budget review

JOHANNESBURG: The South African rand was little changed in early trade on Wednesday as investors avoided taking large ​positions ahead of the mid-year budget review, which is ‌expected to provide clues on the country’s fiscal outlook and credit-rating prospects. At 0542 GMT, the rand traded at 16.4075 against the dollar , ​a whisker away from Tuesday’s close. Finance Minister Enoch Godongwana ​is due to deliver the Medium-Term Budget Policy Statement ⁠at around 1200 GMT. Economists expect Godongwana to present an improved ​fiscal outlook, with a revenue windfall bolstering a push to ​regain an investment-grade credit rating. But record-high fuel prices, weak economic growth and pressure to spend ahead of November 4 local government elections could ​limit how much of the windfall the Treasury saves. Statistics South ​Africa is set to release consumer inflation  and retail sales data on ‌Wednesday, ⁠providing a snapshot of price pressures and consumer demand in Africa’s largest economy as the Middle East conflict keeps fuel costs elevated. Economists polled by Reuters expect headline inflation to accelerate to ​4.7% in ​September from 4.4% ⁠in August, while annual retail sales growth is forecast to edge up to 3.5% in ​August from 3.4% in July. Investec forecasts inflation ​at 4.6%, ⁠while Nedbank expects a reading of 4.8%, citing higher transport costs driven by rising fuel prices and rand weakness. The rand ⁠fell more ​than 2% against the dollar in ​September. South Africa’s benchmark 2035 government bond was flat in early deals, with the ​yield at 8.735%. [...]

Japan's Nikkei rallies as AI demand outlook brightens By Rocky Swift
October 21, 2026 5:58
Japan's Nikkei rallies as AI demand outlook brightens By Rocky Swift

TOKYO: Japan’s Nikkei share gauge rallied on Wednesday on renewed optimism over demand in the red-hot AI sector. The benchmark Nikkei 225 climbed 1.56% to 65,074.56 in early trading, while the broader Topix gained 1.03% to 4,050.65. US shares rose overnight, while AI-related sentiment was boosted by SpaceX’s first profit as a public company. Separately, ByteDance, Alibaba and Tencent were reported to have ordered more than 3 million Nvidia RTX PRO 5500 GPUs worth over $35 billion. Japan’s exports in September rose 16.7% from a year earlier, government data showed on Wednesday, lower than forecast but still demonstrating resilient demand for semiconductors and AI-related products. “Following the firm tone in the US market, the Japanese market is expected to open today with buyers having the upper hand,” Monex Securities analyst Yoshitaka Araya said in a report. There were 140 advancers in the Nikkei 225 against 85 decliners. The largest percentage gainers in the index were Mitsui Kinzoku, up 7.10%, followed by Ibiden, trading 5.92% higher, and JX ADVANCED META, which gained 5.22%. The largest losers were Toho, down 3.41%, followed by Shift, trading 2.88% lower, and Aeon, which lost 2.46%. [...]

Australian shares almost flat as NEXTDC rout offsets gains in banks
October 21, 2026 5:56
Australian shares almost flat as NEXTDC rout offsets gains in banks

Australian shares were little changed on Wednesday as a record selloff in NEXTDC countered gains in banks after the data-centre operator cut its 2027 forecast due to delays in power upgrades at a key Melbourne facility. The S&P/ASX 200 index eased 0.1% to 8,811.60 by 0040 GMT after closing 0.3% lower on Tuesday. NEXTDC shares plunged as much as 44.8%, putting the stock on track for its worst-ever session and wiping more than A$3.1 billion ($2.17 billion) off its market value. The selloff dragged the technology sector down 5.6% and added to concerns about whether electricity infrastructure can keep pace with the rapid growth of AI-related data-centre demand globally. Rate-sensitive financials gained 0.3%, with the “big four” banks trading in positive territory. Reserve Bank of Australia Deputy Governor Andrew Hauser said hawkish monetary policy was working to slow the economy, but the inflation outlook had still worsened, leaving him unsure whether interest rates would need to rise further. Swaps imply nearly a 45% chance of a rate hike to 4.85% next month, up from 30% at the start of the week. Among individual stocks, Woodside Energy fell as much as 1.3% in its biggest intraday drop in more than a week, after the country’s top independent oil and gas producer trimmed the top end of its annual production forecast. Energy stocks fell 0.5%, tracking a dip in Brent crude prices, while miners slid 0.5% on softer copper prices. Further south, New Zealand’s benchmark S&P/NZX 50 index fell 0.1% to 13,613.81. Investors awaited the third-quarter inflation data, due on Thursday, for clues on the Reserve Bank of New Zealand’s next move at its October 28 meeting. [...]

China and HK stocks drop as investors focus on earnings; CATL slumps
October 21, 2026 5:53
China and HK stocks drop as investors focus on earnings; CATL slumps

HONG KONG: China and Hong Kong stocks fell on Wednesday despite a broader recoveryin Asian shares, as weaker profit growth in index heavyweight CATL and growing worries over the health of the consumer sector weighed on sentiment. China’s blue-chip CSI300 Index dropped 0.7% by the lunch break, while the Shanghai Composite Index lost 0.3%. Hong Kong benchmark Hang Seng was down 0.4%. Shares of CATL tumbled 10% in both Hong Kong and mainland markets after the top Chinese battery maker posted much slower profit growth in the third quarter, hit by fierce competition andslower China auto sales growth. Adding to risk aversion was the weak performance of toymaker Pop Mart, whose shares dropped 4% by midday as investors expect its third quarter earnings to disappoint. Market participants said investors are expressing their bearish view on China’s weak domestic demand through trading consumer stocks ahead of third-quarter earnings. Liquor and new energy firms led the decline while big data and cloud operators outperformed. Investors believe policymakers are unlikely to roll out market stimulus measures soon given economic growth remains robust, thanks to exports. “Rather than seeking to boost near-term growth, the government’s focus remains on technological advancement, industrial upgrading and greater self-sufficiency,” Sophie Altermatt, an economist at Julius Baer, said in a note. ‑Reuters [...]

Vietnam raises $371 million in government bond auction
October 21, 2026 5:51
Vietnam raises $371 million in government bond auction

HANOI: Vietnam’s State Treasury raised 9.6 trillion dong ($371 million) in its weekly government bond auction on Wednesday, down from the revised $442 million raised last week. The uptake was also lower, with 56% of the bonds on offer sold, compared with 64% last week, according to a Hanoi Stock Exchange filing. The treasury sold all of the 6 trillion dong of 5-year bonds on offer, at a coupon of 4.27% It sold 3.6 trillion dong of the 9 trillion dong of 10-year bonds on offer, at a coupon of 4.43%. It failed to offload any of the combined 2 trillion dong of 15- and 30-year bonds on offer. The government aims to raise 500 trillion dong from bond sales this year and has raised more than 325 trillion dong so far Vietnamese companies have raised 462 trillion dong via bonds this year up to October 16, according to bond market association data. Top issuers over the past week include Vietnam Public Bank. The total value of corporate bonds maturing during the remainder of this year stands at 51 trillion dong. [...]

Russia hits cargo vessel, electric power substation in Ukraine
October 21, 2026 5:48
Russia hits cargo vessel, electric power substation in Ukraine

The Russian Defence Ministry said on Wednesday its drones had hit a cargo vessel carrying military cargo to Ukraine en route to the port of Odessa, hours before US envoy Steve Witkoff’s meeting with Russian President Vladimir Putin in St. Petersburg. The ministry also said its forces had hit a warehouse complex used for drone storage in the central Ukrainian city of Poltava, and an electric power substation, which supplies power to Ukrainian defence and industrial sector as well as logistics centres in Kyiv. [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct
November 21, 2025 1:33
Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister
November 20, 2025 7:59
27th Amendment empowers FCC to hear all constitutional cases: minister

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU
November 20, 2025 5:25
JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln
November 20, 2025 4:39
US lawmakers laud Punjab govt's initiative to modernise brick-kiln

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR
November 20, 2025 4:38
Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh
November 20, 2025 3:56
MQM-P calls for new province in Sindh

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM
November 20, 2025 3:55
US report validates Pakistan military edge over India: PM

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel
November 20, 2025 10:24
Banned TTP poses serious threat to Pakistan security: UNSC panel

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment
November 20, 2025 10:01
CM Afridi clarifies remarks on by-poll after ECP requests army deployment

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone
November 20, 2025 6:16
Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram
November 20, 2025 5:08
Security forces kill 23 Indian proxy terrorists in KP's Kurram

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report
November 19, 2025 6:26
Pakistan to construct island to boost oil exploration: report

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy
November 19, 2025 6:14
Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs
November 19, 2025 5:12
Security forces neutralise four terrorists in KP IBOs

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail
November 19, 2025 4:38
Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

UK approved Jackdaw gas field: What it means for Britain climate goals
October 21, 2026 7:55
UK approved Jackdaw gas field: What it means for Britain climate goals

UK approved Jackdaw gas field: What it means for Britain climate goals Britain on Wednesday approved the long-delayed Jackdaw North Sea gas field, marking the departure from the UK’s climate-related commitments in the midst of a worsening climate crisis. According to Britain’s... [...]

One dead, one missing after French Mirage 2000D fighter jet crashes in training flight
October 21, 2026 7:32
One dead, one missing after French Mirage 2000D fighter jet crashes in training flight

One dead, one missing after French Mirage 2000D fighter jet crashes in training flightA French Air and Space Force Mirage 2000D fighter jet crashed during a training flight in northeastern France on October 20, Tuesday evening, leaving one person dead and another missing. According to... [...]

EU parliament approves sweeping passenger rights overhaul to guarantee 14-day travel refunds
October 21, 2026 7:06
EU parliament approves sweeping passenger rights overhaul to guarantee 14-day travel refunds

EU parliament approves sweeping passenger rights overhaul to guarantee 14-day travel refundsThe European Parliament has overwhelmingly approved a sweeping package of passenger rights reforms designed to streamline claims, introduce standardized procedures, and crack down on delayed travel... [...]

Who ordered Starlink slowdown in Ukraine? New report reveals Elon Musk's role
October 21, 2026 7:00
Who ordered Starlink slowdown in Ukraine? New report reveals Elon Musk's role

Who ordered Starlink slowdown in Ukraine? New report reveals Elon Musk’s role For the past few weeks, the relations between the US and Ukraine have been strained as the Trump administration showed a pivot towards Russia marked by a diesel deal with Putin and putting Russia sanctions on... [...]

US envoy Witkoff heads to Russia for Putin meeting after 'positive' talks with Zelenskyy
October 21, 2026 6:17
US envoy Witkoff heads to Russia for Putin meeting after 'positive' talks with Zelenskyy

US envoy Witkoff heads to Russia for Putin meeting after ‘positive’ talks with ZelenskyyUS envoy Steve Witkoff is set to meet Russian President Vladimir Putin on Wednesday after holding constructive talks with Volodymyr Zelenskyy aimed at resolving the Ukraine conflict. As Witkoff... [...]

Abdul El-Sayed heckler linked to Republican strategist that was paid $250K to oppose him
October 20, 2026 6:11
Abdul El-Sayed heckler linked to Republican strategist that was paid $250K to oppose him

Abdul El-Sayed heckler linked to Republican strategist that was paid $250K to oppose himA man who confronted Michigan Democratic Senate candidate Abdul El-Sayed over alleged Muslim Brotherhood ties is the son of a Republican strategist whose firm received $250,000 to campaign against him.According... [...]

Flights to Europe could get more expensive in 2027 as fuel costs surge, Ryanair warns
October 20, 2026 5:51
Flights to Europe could get more expensive in 2027 as fuel costs surge, Ryanair warns

Flights to Europe could get more expensive in 2027 as fuel costs surge, Ryanair warnsEuropean air fares could increase by as much as 20 percent in 2027 as airlines face soaring fuel costs caused by the Middle East conflict, Ryanair chief executive Michael O'Leary has warned.According to The... [...]

CNN threatens to sue Trump administration again over Air Force One press ban
October 20, 2026 5:31
CNN threatens to sue Trump administration again over Air Force One press ban

CNN threatens to sue Trump administration again over Air Force One press banCNN has threatened fresh legal action against US President Donald Trump's administration over restrictions preventing its journalists from covering the president aboard Air Force One.According to TheWrap, the network has... [...]

Attack on Australian MP Helen Haines highlights escalating threats to public figures
October 20, 2026 5:25
Attack on Australian MP Helen Haines highlights escalating threats to public figures

Attack on Australian MP Helen Haines highlights escalating threats to public figuresThe recent vehicle attack on independent Australian federal lawmaker Helen Haines in Wangaratta has underscored an alarming escalation in politically motivated violence and harassment across the country.Australian... [...]

Ilhan Omar's sister questioned by investigators amid US citizenship fraud probe
October 20, 2026 4:57
Ilhan Omar's sister questioned by investigators amid US citizenship fraud probe

Ilhan Omar's sister questioned by investigators amid US citizenship fraud probeUS investigators have interviewed Minnesota Democratic congresswoman Ilhan Omar's sister, Sahra Noor, as part of an ongoing Justice Department investigation into possible immigration fraud.According to CNN, a law... [...]

Zelenskyy calls Rubio talks constructive after Trump eases Russia sanctions for 60 days
October 20, 2026 4:29
Zelenskyy calls Rubio talks constructive after Trump eases Russia sanctions for 60 days

Zelenskyy calls Rubio talks constructive after Trump eases Russia sanctions for 60 daysUkrainian President Volodymyr Zelenskyy has described his latest conversation with US Secretary of State Marco Rubio as constructive, amid growing tensions with US President Donald Trump over Russia sanctions.In... [...]

Milan on high alert as Italy deploys 500 troops following days of riots and looting
October 20, 2026 4:09
Milan on high alert as Italy deploys 500 troops following days of riots and looting

Milan on high alert as Italy deploys 500 troops following days of riots and lootingItaly will deploy 500 soldiers to Milan following days of violent protests over rising living costs that led to clashes with police, vandalism and widespread looting.According to The Guardian, Italy’s Prime... [...]

Ex-Toronto Blue Jays player Richard Butler and wife accused of defrauding baseball families
October 20, 2026 3:45
Ex-Toronto Blue Jays player Richard Butler and wife accused of defrauding baseball families

Ex-Toronto Blue Jays player Richard Butler and wife accused of defrauding baseball familiesFormer Toronto Blue Jays player Richard Butler and his wife have been charged in connection with an alleged $60,000 fraud involving a youth baseball training programme in Ontario.Richard Butler, 53, and... [...]

Man charged after Australian MP Helen Haines loses leg in alleged car attack
October 20, 2026 3:25
Man charged after Australian MP Helen Haines loses leg in alleged car attack

Man charged after Australian MP Helen Haines loses leg in alleged car attackA 43-year-old man has been charged with three offences over an alleged targeted attack on Australian MP Helen Haines, who remains in a critical but stable condition in hospital.According to The Guardian, Brendan Nugent,... [...]

Zelenskiy meets Witkoff after Trump defends Russia; Kremlin eyes peace deal
October 20, 2026 2:53
Zelenskiy meets Witkoff after Trump defends Russia; Kremlin eyes peace deal

Zelenskiy meets Witkoff after Trump defends Russia; Kremlin eyes peace dealUkrainian President Volodymyr Zelenskyy has joined high-stakes diplomatic talks in Norway alongside European leaders and U.S. special envoy Steve Witkoff. The crucial summit aims to shape a coordinated peace proposal... [...]

ایف آئی اے اسلام آباد نے کراچی سے بارڈر ہیلتھ سروس کے 2 افسران کو گرفتار کر لیا
October 21, 2026 7:10
ایف آئی اے اسلام آباد نے کراچی سے بارڈر ہیلتھ سروس کے 2 افسران کو گرفتار کر لیا

—فائل فوٹوایف آئی اے اسلام آباد کی ٹیم نے کراچی میں کارروائی کر کے بارڈر ہیلتھ سروس کے 2 افسران کو گرفتار کر لیا۔ذرائع کے مطابق بارڈر... [...]

اسلام آباد میں بلدیاتی قانون 2015ء کے مطابق بلدیاتی انتخابات کرانے کا حکم
October 21, 2026 6:10
اسلام آباد میں بلدیاتی قانون 2015ء کے مطابق بلدیاتی انتخابات کرانے کا حکم

الیکشن کمیشن نے اسلام آباد میں بلدیاتی قانون 2015ء کے مطابق انتخابات کرانے کا حکم دے دیا۔اسلام آباد میں بلدیاتی انتخابات میں... [...]

خیبر: مکان کے قریب بارودی مواد کا دھماکا، 4 افراد زخمی
October 21, 2026 6:10
خیبر: مکان کے قریب بارودی مواد کا دھماکا، 4 افراد زخمی

—فائل فوٹوخیبر کے علاقے شیر برج میں مکان کے قریب بارودی مواد کا دھماکا ہوا ہے۔پولیس کے مطابق دھماکے سے 4 افراد زخمی ہو گئے جبکہ مکان... [...]

ٹھٹہ: موبائل نہ دلانے پر 12 سالہ بچے کا باپ پر تیز دھار آلے سے حملہ
October 21, 2026 6:10
ٹھٹہ: موبائل نہ دلانے پر 12 سالہ بچے کا باپ پر تیز دھار آلے سے حملہ

— فائل فوٹوٹھٹھہ کے علاقے گھارو میں 12 سالہ بچے نے موبائل فون نہ دلانے پر مبینہ طور پر باپ پر تیز دھار آلے سے حملہ کر دیا۔ ملتان،... [...]

گورنر راج و ایمرجنسی کیخلاف کیس، گزشتہ سماعت کا تحریری حکم نامہ جاری
October 21, 2026 5:10
گورنر راج و ایمرجنسی کیخلاف کیس، گزشتہ سماعت کا تحریری حکم نامہ جاری

—فائل فوٹوپشاور ہائی کورٹ نے خیبر پختون خوا میں گورنر راج اور ایمرجنسی کے نفاذ کے خلاف دائر درخواستوں پر گزشتہ سماعت کا تحریری حکم... [...]

لاہور ہائیکورٹ: طالبہ کے مرضی سے نکاح کے بیان کے بعد اغواء و زیادتی کے ملزم کی عبوری ضمانت منظور
October 21, 2026 5:10
لاہور ہائیکورٹ: طالبہ کے مرضی سے نکاح کے بیان کے بعد اغواء و زیادتی کے ملزم کی عبوری ضمانت منظور

لاہور ہائی کورٹ نے اسکول طالبہ کے مبینہ اغواء اور زیادتی کے کیس میں ملزم کی عبوری ضمانت منظور کر لی۔ملزم کی عبوری ضمانت 10 لاکھ... [...]

وزیرِ اعظم ہاؤس میں مالدیپ کے صدر کے اعزاز میں استقبالیہ، گارڈ آف آنر پیش
October 21, 2026 5:10
وزیرِ اعظم ہاؤس میں مالدیپ کے صدر کے اعزاز میں استقبالیہ، گارڈ آف آنر پیش

مالدیپ کے صدر ڈاکٹر محمد معیزو کے اعزاز میں وزیرِ اعظم ہاؤس میں استقبالیہ تقریب کا انعقاد کیا گیا۔وزیرِ اعظم شہباز شریف نے... [...]

راجن پور: انڈس ہائی وے پر تیز رفتار بس الٹ گئی، 10 مسافر جاں بحق
October 21, 2026 3:10
راجن پور: انڈس ہائی وے پر تیز رفتار بس الٹ گئی، 10 مسافر جاں بحق

راجن پور میں انڈس ہائی وے بنگلہ ہدایت کے قریب کراچی سے ڈیرہ غازی خان جانے والی مسافر بس زیرِ تعمیر سڑک کے ڈیوائیڈر سے ٹکرا کر الٹ... [...]

ملتان، یتیم بچے کو کار سے کچلنے والا ملزم مقابلے میں ہلاک
October 20, 2026 11:10
ملتان، یتیم بچے کو کار سے کچلنے والا ملزم مقابلے میں ہلاک

ملتان میں یتیم بچے کو کار سے کچلنے والا ملزم توقیر مقابلے میں ہلاک ہوگیا، ڈسٹرکٹ آفیسر سی سی ڈی کا دعویٰ ہے کہ ملزم ریمانڈ پر... [...]

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October 20, 2026 9:10
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October 20, 2026 6:10
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October 20, 2026 5:10
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October 20, 2026 5:10
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October 21, 2026 7:10
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— فائل فوٹوجنوبی افریقا کے جنوب مشرقی ساحل پر تیراکی کے دوران شارک کے حملے میں ایک خاتون ہلاک ہوگئی۔ غیر ملکی میڈیا کے مطابق عینی... [...]

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October 21, 2026 7:10
سیکیورٹی وجوہات: عراق نے ایران سے ملحق شيب بارڈر کراسنگ بند کر دی

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October 21, 2026 5:10
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October 21, 2026 4:10
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October 21, 2026 4:10
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October 21, 2026 3:10
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October 21, 2026 3:10
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October 21, 2026 3:10
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---فائل فوٹو ایران نے امریکی دعوؤں کو مسترد کرتے ہوئے کہا ہے کہ اس کی معیشت کے مکمل تباہ ہونے کا کوئی امکان نہیں، تاہم حکام نے اعتراف... [...]

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October 20, 2026 9:10
یوکرین کے لیے جنگ ختم کرنے کا وقت آگیا، ڈونلڈ ٹرمپ

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October 20, 2026 9:10
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October 20, 2026 8:10
سعودیہ اور حوثیوں نے ثالثی کی پیشکش کا جواب نہیں دیا، عباس عراقچی

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October 20, 2026 6:10
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October 20, 2026 5:10
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October 20, 2026 4:10
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October 21, 2026 7:10
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October 21, 2026 4:10
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October 21, 2026 3:10
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October 20, 2026 6:10
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اگلے ایک روز کیلئے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا گیا۔ جس کا نوٹیفکیشن بھی جاری کردیا گیا۔نوٹیفکیشن کے مطابق پیٹرول... [...]

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October 20, 2026 2:10
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October 20, 2026 1:10
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October 20, 2026 4:10
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October 19, 2026 5:10
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اگلے ایک روز کیلئے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا گیا۔پیٹرول کی قیمت میں 5 روپے 16پیسے فی لیٹر جبکہ ڈیزل کی قیمت میں 7... [...]

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فوٹو: فائلملک میں سونے کی فی تولہ قیمت میں آج کوئی تبدیلی نہیں ہوئی، سونے کا گزشتہ بھاؤ ہی برقرار ہے۔آل پاکستان صرافہ جیمز اینڈ... [...]

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روس پر پابندیوں میں نرمی کے بعد عالمی منڈی میں تیل کی قیمتوں میں کمی

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George Foreman’s lavish Texas estate with 50-car garage is listed for $6 million
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George Foreman’s lavish Texas estate with 50-car garage is listed for $6 million

The sprawling Texas estate where boxing legend George Foreman spent the final decades of his life has hit the market for $6 million—offering a rare glimpse inside the private world of the heavyweight champion. [...]

My sister moved in with our mother, 78, and says she deserves the $925,000 family home. Is she right?
October 21, 2026 9:00
My sister moved in with our mother, 78, and says she deserves the $925,000 family home. Is she right?

“The house is worth $925,000 and mom owns it outright. She also has $480,000 in investments.” [...]

Why SpaceX’s stock is surging — and lifting the broader AI universe along with it
October 21, 2026 8:55
Why SpaceX’s stock is surging — and lifting the broader AI universe along with it

SpaceX just gave Wall Street a big reason to believe in the artificial-intelligence boom as demand for its computing power is off the charts. [...]

AI stocks are probably in a bubble — but might be worth holding onto, says Citadel’s Ken Griffin
October 21, 2026 8:50
AI stocks are probably in a bubble — but might be worth holding onto, says Citadel’s Ken Griffin

Investors are for sure facing “bubbles,” but Ken Griffin isn’t telling investors to dump those stocks/ [...]

Bull markets tend to peak with a whimper, not a bang — but a 15% correction for the S&P 500 may be next
October 21, 2026 12:24
Bull markets tend to peak with a whimper, not a bang — but a 15% correction for the S&P 500 may be next

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Super Micro’s stock soars after surprise update — with Dell and HPE shares joining the rally
October 21, 2026 12:15
Super Micro’s stock soars after surprise update — with Dell and HPE shares joining the rally

Super Micro unexpectedly disclosed that its revenue and profitability could be much stronger than originally anticipated. [...]

Tesla’s stock rises as Elon Musk drops new clues about a possible SpaceX merger
October 21, 2026 12:14
Tesla’s stock rises as Elon Musk drops new clues about a possible SpaceX merger

Special committees at both companies are assessing merger prospects but a combination is no sure thing, Musk says. [...]

Netflix vows to revive viewership trends, but investors hit ‘sell’ on the stock
October 21, 2026 12:12
Netflix vows to revive viewership trends, but investors hit ‘sell’ on the stock

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My wife says we can’t afford to retire. I vetoed her $8,000 trip to Italy. We’re in our 60s and have $4 million. Do I keep working?
October 20, 2026 10:30
My wife says we can’t afford to retire. I vetoed her $8,000 trip to Italy. We’re in our 60s and have $4 million. Do I keep working?

“I worry about healthcare, long-term care, inflation, a long bear market and living to 95.” [...]

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Tesla’s stock rises as Elon Musk drops new clues about a possible SpaceX merger
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Netflix vows to revive viewership trends, but investors hit ‘sell’ upon earnings
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SpaceX's stock climbs on profit and revenue beats, as AI business surges — live
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SpaceX earnings are out. Here’s what investors need to know.
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Dow closes 500 points higher, Nasdaq gives up gains ahead of SpaceX earnings
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  • About
    • Vision & Mission
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    • Management Rating
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