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The Herald Today

2 August 2025

Business

Pfizer surpasses profit projections through cost management, heart medication revenue.
Pfizer surpasses profit projections through cost management, heart medication revenue.

Pfizer’s First-Quarter Profit Exceeds Expectations Pfizer, the American pharmaceutical giant, revealed first-quarter profits that surpassed Wall Street projections on Tuesday....

By Web Desk | April 29, 2025 | Category: Business, Health, Latest, United States, World

State Bank of Pakistan announces public holiday for Labour Day
State Bank of Pakistan announces public holiday for Labour Day

State Bank of Pakistan Closed for Labour Day The State Bank of Pakistan (SBP) will observe Labour Day with a...

By Web Desk | April 29, 2025 | Category: Business, Latest

China’s top airlines report deeper Q1 deficits.
China’s top airlines report deeper Q1 deficits.

Chinese Airlines Report Increased Losses in First Quarter Beijing: Results released on Tuesday indicate that the first-quarter losses for China’s...

By Web Desk | April 29, 2025 | Category: Business, China, World

Merck Announces $1 Billion Investment in Delaware Facility, Enhancing US Production
Merck Announces $1 Billion Investment in Delaware Facility, Enhancing US Production

Merck Invests $1 Billion in New Delaware Plant Merck, a prominent U.S. pharmaceutical manufacturer, revealed on Tuesday its plan to...

By Web Desk | April 29, 2025 | Category: Business, United States, World

Palm oil prices decline due to stronger ringgit, cheaper alternatives.
Palm oil prices decline due to stronger ringgit, cheaper alternatives.

Palm Oil Futures Decline Amid Currency and Oil Price Shifts KUALA LUMPUR: Palm oil futures in Malaysia experienced a second...

By Web Desk | April 29, 2025 | Category: Business, World

South Korean Firm Procures 50,000-65,000 Tons of Feed Wheat
South Korean Firm Procures 50,000-65,000 Tons of Feed Wheat

South Korea’s MFG Procures Feed Wheat in Private Deal HAMBURG: Major Feedmill Group (MFG) of South Korea has secured an...

By Web Desk | April 29, 2025 | Category: Business, World

CNOOC’s First-Quarter Earnings Decline 7.9% Amid Lower Oil Prices, Production Rises
CNOOC’s First-Quarter Earnings Decline 7.9% Amid Lower Oil Prices, Production Rises

CNOOC Ltd Reports Decrease in First-Quarter Net Profit SINGAPORE: CNOOC Ltd, a prominent Chinese offshore oil and gas entity, experienced...

By Web Desk | April 29, 2025 | Category: Business, China, World

South African Rand weakens as revised budget awaits investors.
South African Rand weakens as revised budget awaits investors.

South African Rand Weakens Amid Budget Revision Anticipation In early trading on Tuesday, the South African rand experienced a slight...

By Web Desk | April 29, 2025 | Category: Business, World

Porsche Adjusts Forecast Due to US Duties, China Slowdown in Q1
Porsche Adjusts Forecast Due to US Duties, China Slowdown in Q1

Porsche Trims Outlook Amidst Economic Pressures FRANKFURT: Diminished profit margins in the first quarter have compelled Porsche to revise its...

By Web Desk | April 29, 2025 | Category: Business, China, United States, World

SBP forecasts FY25 inflation at 5.5-7.5%, GDP growth at 2.5-3.5%.
SBP forecasts FY25 inflation at 5.5-7.5%, GDP growth at 2.5-3.5%.

Pakistan’s Economy Shows Improvement in First Half of FY25 Pakistan’s macroeconomic situation saw significant improvement during the first half of...

By Web Desk | April 29, 2025 | Category: Business, Latest

FY26 Finance Bill May Include Tax Law Changes: Restrictions on Non-Filers’ Economic Activities
FY26 Finance Bill May Include Tax Law Changes: Restrictions on Non-Filers’ Economic Activities

Government Mulls Including Tax Law Amendments in Next Finance Bill The government is considering incorporating the Tax Laws (Amendment) Bill,...

By Web Desk | April 29, 2025 | Category: Business, Latest

The Quiet Greenback Shortage
The Quiet Greenback Shortage

Dollar Scarcity Persists Despite Current Account Surplus Despite a current account surplus and timely processing of import L/Cs and profit/dividend...

By Web Desk | April 29, 2025 | Category: Business, Latest

State Bank: Pakistan’s actual growth projection steady.
State Bank: Pakistan’s actual growth projection steady.

Pakistan’s Macroeconomic Outlook Brightens for FY25, Says SBP The State Bank of Pakistan (SBP) announced on Monday that the nation’s...

By Web Desk | April 29, 2025 | Category: Business, Latest

Adidas refrains from raising profit forecast amid tariff concerns.
Adidas refrains from raising profit forecast amid tariff concerns.

Adidas Hesitates on 2025 Forecasts Amid Tariff Uncertainty Despite robust first-quarter performance, German sportswear giant Adidas refrained from increasing its...

By Web Desk | April 29, 2025 | Category: Business, Latest, United States, World

European stocks gain amid earnings reports, tariff concerns persist
European stocks gain amid earnings reports, tariff concerns persist

European Shares Experience Modest Gains Amid Earnings Reports and Economic Data European equities saw a slight increase on Tuesday as...

By Web Desk | April 29, 2025 | Category: Business, World

Banks, miners lift Australian stocks; Fortescue leads gains
Banks, miners lift Australian stocks; Fortescue leads gains

Australian Shares Rise for Fourth Session as Banks and Miners Lead Australian shares experienced gains for the fourth consecutive session...

By Web Desk | April 29, 2025 | Category: Business, World

Persistent Selling Pressure at PSX Triggers 700-Point KSE-100 Drop
Persistent Selling Pressure at PSX Triggers 700-Point KSE-100 Drop

PSX Faces Selling Pressure, KSE-100 Dips The Pakistan Stock Exchange (PSX) experienced sustained selling pressure, leading to a decline of...

By Web Desk | April 29, 2025 | Category: Business, Latest, World

HSBC’s First-Quarter Earnings Decline by 25%; Announces $3 Billion Buyback
HSBC’s First-Quarter Earnings Decline by 25%; Announces $3 Billion Buyback

HSBC Announces $3 Billion Share Buyback Amid Profit Decline HONG KONG: Following a reported 25% decrease in first-quarter profits, HSBC...

By Web Desk | April 29, 2025 | Category: Business, World

Asian shares, currencies gain as dollar weakens
Asian shares, currencies gain as dollar weakens

Asian Currencies Strengthen Amid Trade Tension Uncertainty Emerging Asian currencies experienced gains on Tuesday as investors divested from the US...

By Web Desk | April 29, 2025 | Category: Business, World

Novartis raises outlook for 2025 after robust Q1 performance
Novartis raises outlook for 2025 after robust Q1 performance

Novartis Raises Full-Year Profit Forecast FRANKFURT: Due to robust growth in sales of medications like Kisqali, Kesimpta, and Leqvio during...

By Web Desk | April 29, 2025 | Category: Business, Health, Latest