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MUMBAI: Indian government bonds slipped early in the session on Thursday, as traders booked profits, pushing bond bulls to the sidelines after relatively dovish minutes of the central bank’s latest meeting. The yield on the benchmark 10-year note was at 6.4921% as of 10:00 a.m. IST, after closing at 6.4799% on Wednesday. Bond yields move inversely to prices. Market participants were anticipating the benchmark yield to hit a key technical level of 6.47% in Thursday’s trade. “We were anticipating profit booking, but it would be right from the start is a bit of a surprise, especially after the minutes have…
Paytm, PhonePe, Google Pay (Gpay) and Bhim UPI QR Codes (Standee) are Kept outside for Cashless payments at a medical store in Gurugram on the outskirts of New Delhi, India on 16 May 2020.Nasir Kachroo | NurPhoto | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big storyMoney seems to be moving a lot faster in India compared to the mobility of the people carrying out the transactions, and nowhere was that more evident than at the Global Fintech Fest in Mumbai’s Bandra…
PARIS (AP) — French Prime Minister Sébastien Lecornu survived a vote of no-confidence Thursday that could have toppled his fragile new government and plunged France deeper into political chaos.The National Assembly vote clears the way for the embattled Lecornu to pursue what could be an even greater challenge: getting a 2026 budget for the European Union’s second-largest economy through Parliament’s powerful but bitterly divided lower house before the end of the year.Lecornu’s survival also spares any immediate need for President Emmanuel Macron to again dissolve the National Assembly and call snap legislative elections, a hazardous option that the French leader…
Top Seoul officials are visiting Washington amid signs of major progress in tough trade negotiations, although analysts warn that a coerced deal could severely damage South Korea’s economy.Kim Yong-bum, policy chief of the presidential staff, and Industry Minister Kim Jung-kwan left for Washington on Thursday to join Finance Minister Koo Yun-cheol and Trade Minister Yeo Han-koo.The delegation plans to meet US counterparts to finalise details of South Korea’s US$350 billion investment commitment under a bilateral trade deal struck in July.Talks have stalled over how the massive investment package would be structured, how profits would be shared and other key conditions.Seoul…
Top Seoul officials are visiting Washington amid signs of major progress in tough trade negotiations, although analysts warn that a coerced deal could severely damage South Korea’s economy.Kim Yong-bum, policy chief of the presidential staff, and Industry Minister Kim Jung-kwan left for Washington on Thursday to join Finance Minister Koo Yun-cheol and Trade Minister Yeo Han-koo.The delegation plans to meet US counterparts to finalise details of South Korea’s US$350 billion investment commitment under a bilateral trade deal struck in July.Talks have stalled over how the massive investment package would be structured, how profits would be shared and other key conditions.Seoul…
KYIV, Ukraine (AP) — Russia battered Ukraine’s energy facilities with hundreds of drones and dozens of missiles in its latest heavy bombardment of the country’s power grid, authorities said Thursday, as Ukrainian President Volodymyr Zelenskyy prepared to ask President Donald Trump at a White House meeting for more American-made air defenses and long-range missiles.Eight Ukrainian regions experienced blackouts after the barrage, Ukraine’s national energy operator, Ukrenergo, said. DTEK, the country’s largest private energy company, reported outages in the capital, Kyiv, and said it had to stop its natural gas extraction in the central Poltava region due to the strikes.Zelenskyy said…
The Pakistani rupee gained further ground against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Thursday. At 10:15am, the local currency was hovering at 280.92, up by Re0.2 against the US dollar. On Wednesday, the local unit closed at 281.12. Internationally, the US dollar slipped on Thursday as the Sino-US trade war sapped investor sentiment, while growing confidence of the US Federal Reserve cutting its policy interest rate this year also weighed on the greenback. The euro rose 0.14% to $1.1664 in early trade, hitting a one-week high. The yen also firmed…
Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 281.11, up by Re0.01 against the US dollar. On Wednesday, the local unit closed at 281.12, according to the State Bank of Pakistan (SBP). The foreign exchange reserves held by the SBP increased by $21 million on a weekly basis, reaching $14.44 billion as of October 10, 2025, data released on Thursday showed. According to the central bank, total liquid foreign reserves stood at $19.81 billion, while net…
Federal Minister of Finance and Revenue Muhammad Aurangzeb briefed his Saudi counterpart on Pakistan’s ongoing privatisation drive, including the divestment of Pakistan International Airlines (PIA) and key airports, underscoring the government’s resolve to attract strategic investments through transparency and efficiency. The development came during Aurangzeb’s meeting with Mohammed Aljadaan, Finance Minister of the Kingdom of Saudi Arabia (KSA), on the sidelines of the IMF–World Bank Annual Meetings in Washington DC, read a statement released by the Finance Division on Thursday. The PIA privatisation process is in its final stages, with the government aiming for a sale by the end of…
Federal Minister of Finance and Revenue Muhammad Aurangzeb briefed his Saudi counterpart on Pakistan’s ongoing privatisation drive, including the divestment of Pakistan International Airlines (PIA) and key airports, underscoring the government’s resolve to attract strategic investments through transparency and efficiency. The development came during Aurangzeb’s meeting with Mohammed Aljadaan, Finance Minister of the Kingdom of Saudi Arabia (KSA), on the sidelines of the IMF–World Bank Annual Meetings in Washington DC, read a statement released by the Finance Division on Thursday. The PIA privatisation process is in its final stages, with the government aiming for a sale by the end of…