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NewsOct 12, 2026, 04:23 PM GMT+5:30

Pakistani Minister Says Provincial Chief and Cabinet Members Detained

Pakistan’s junior interior minister told Reuters that Sohail Afridi and some cabinet members were taken into preventive custody after their provincial government was suspended under emergency rule. He said the detentions occurred on Sunday; the report was published on 12 October.

NewsOct 12, 2026 · 13:13 IST

Hays Net Fees Fall Less Than Analysts Expected

Hays reported a 3% like-for-like decline in net fees for the quarter ended September, versus a 4% decline expected in a company-compiled poll. US fees rose 8% and Asia fees rose 6%, Reuters reported on 12 October.

NewsOct 12, 2026 · 13:05 IST

Volkswagen Q3 Deliveries Fall 14.3% as China Weakens

Volkswagen reported third-quarter global deliveries of 1.89 million vehicles, down 14.3%, Reuters reported on 12 October. Deliveries in China fell 38.5%. Deliveries measure vehicle volumes, not revenue or profit.

NewsOct 12, 2026, 12:52 PM GMT+5:30

Four Regional Powers Condemn Riyadh Airport Attacks

Turkey, Pakistan, Egypt and Saudi Arabia issued a joint statement condemning Houthi attacks on Riyadh’s airport and demanding an immediate halt, Reuters reported on 12 October. The statement, issued Sunday, reaffirmed support for Saudi Arabia’s legitimate defensive measures.

NewsOct 12, 2026, 12:42 PM GMT+5:30

Indian Debt Managers Expect More Bond Selling After RBI Shift

Four fund managers told Reuters they expect Indian mutual funds to sell more government bonds after selling about $4.5 billion since July. Asset managers sold a net ₹51 billion in the three sessions following the rate increase, adding to ₹378 billion sold in July–September.

NewsOct 12, 2026 · 12:32 IST

China Reports Intensive Hybrid and EV Trade Talks With EU

China’s commerce ministry said it held intensive consultations with the EU on hybrid and electric-vehicle trade, Reuters reported on 12 October. It said hybrid export quotas would be no lower than those for other import sources and that exports would be adjusted upward using 2025 figures as a baseline.

NewsOct 12, 2026, 12:14 PM GMT+5:30

Gold Edges Higher as Traders Await US Inflation Data

Spot gold rose 0.1% to $4,198.19 per ounce at 04:32 UTC on 12 October, Reuters reported. Softer oil and dollar conditions supported bullion as investors awaited Wednesday’s US inflation data. This updates Piplix’s existing gold coverage; it does not establish a sustained breakout above $4,200.

NewsOct 12, 2026 · 11:49 IST

Oil Falls on Russia–Ukraine Energy Truce Hopes

Brent futures fell 1.47% to $103.18 a barrel and WTI fell 1.68% to $90.31 at 01:54 UTC on 12 October, Reuters reported. Traders assessed Trump’s energy-ceasefire announcement and possible Russian supply gains. Kyiv and Moscow had not immediately confirmed the agreement.

NewsOct 12, 2026 · 11:44 IST

Saudi and Iranian Ministers Discuss De-escalation

Saudi and Iranian foreign ministers discussed regional escalation on 11 October, Reuters reported, citing Saudi state media. Iran’s minister offered help facilitating dialogue between Saudi Arabia and Yemen. The call does not establish that talks have started or that a ceasefire has been agreed.

NewsOct 12, 2026 · 11:29 IST

IMF Chief Says AI Investment Supports Growth Around 3%

IMF Managing Director Kristalina Georgieva said AI infrastructure investment is keeping global growth around 3% despite the energy supply shock. Reuters reported her remarks at the Bangkok annual meetings on 12 October. This is her assessment, not a newly verified World Economic Outlook forecast release.

NewsOct 12, 2026 · 11:18 IST

TSMC Profit Forecast Points to Another Record Quarter

An LSEG SmartEstimate from 16 analysts forecasts TSMC’s third-quarter net profit at T$746.3 billion, up 65% year-on-year, Reuters reported on 12 October. The result is due Thursday. This is an earnings estimate, not reported profit.

NewsOct 9, 2026 · 18:48 IST

Oil Prices Fall as Trump Rules Out Iran Strikes Before November Midterms

US President Donald Trump said on October 8 that the United States would not launch military strikes against Iran before the November 3, 2026 midterm elections. Trump described ongoing US-Iran discussions as productive, although no permanent ceasefire agreement has been announced and the US blockade of Iranian ports remains in effect. Oil prices declined on October 9 as immediate supply concerns eased. Reuters reported Brent crude falling $1.70 to $102.58 per barrel and WTI declining $1.08 to $90.41. The announcement reduces expectations of imminent US military action but leaves the broader Middle East conflict and energy supply risks unresolved.