Business Recorder

Short-term JGB yields set for weekly gain as bets solidify for BOJ rate hike

TOKYO: Japanese government bonds (JGBs) held steady on Friday, while short-term yields were poised for a weekly advance as market bets solidified around policy tightening by the central bank. Here are a few details: The benchmark 10-year JGB yield…

#JGB #BOJ #Economy

Business Recorder

Iron ore heads for fourth weekly loss as falling steel margins slow buying

Iron ore prices extended declines on Friday and were set for a fourth weekly loss, as falling margins for steelmakers in top consumer China curbed buying appetite for the key steelmaking ingredient. By 0245 GMT, the most-traded iron ore contract o…

#IronOre #Steel

Business Recorder

China’s Xi to visit North Korea as Beijing seeks cosier ties with Pyongyang

BEIJING: Chinese President Xi Jinping will visit North Korea from June 8 to 9, state news agency Xinhua said on Friday, his first trip in nearly seven years as Beijing looks to reinforce ties with Pyongyang. The announcement follows separate summi…

#XiJinping #NorthKorea #Pyongyang

Business Recorder

India bonds to see steady opening, all directions possible post policy

MUMBAI: Indian government bonds are expected to open largely unchanged in early deals on Friday, as the major focus is on the central bank’s monetary policy decision and guidance, followed by a debt auction and economic growth data. The yield on t…

#India #Bonds

Business Recorder

Iran beats Mali in last World Cup warm-up before heading to Tijuana

ANTALYA: Iran will head off to their World Cup base this weekend with a spring in their step after beating Mali 2-0 in a friendly in Turkey on Thursday, even if some uncertainty still clouds their participation in the tournament. Goals from midfie…

#Iran #Mali #FIFA

Business Recorder

Nvidia CEO sees robotics as next major sector in South Korea

GIMPO: Nvidia CEO Jensen Huang said on Friday that he sees robotics as the next major sector in South Korea. He was talking to reporters after arriving at Gimpo airport in South Korea on a flight from Taiwan. “Korea has many sectors to invest in. …

#Nvidia #Robotics #SouthKorea

Business Recorder

PSX extends gains, KSE-100 up over 500 points in early trade

Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Friday. At 9:50am, the benchmark index was hovering at 171,698.54, up by 523.04 points or 0.31…

#PSX #KSE100

Business Recorder

Indian shares set for firmer open ahead of high-stakes RBI stance

Indian shares are set to open higher on Friday ahead of a key central bank policy decision, with investors awaiting signals on how it ​intends to tackle weakness in the rupee and inflationary pressures from ‌elevated energy prices. The Reserve Ban…

#India

Business Recorder

Stocks drop as AI rally pauses, US-Iran peace talks stall

SINGAPORE: Asian share markets slid on Friday ​as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of the flare-up in Middle ‌East hostilities as U.S.-Iran peace talks remain in limbo. The Iran-backed Hez…

#USIranConfrontation #IranNegotiation

Business Recorder

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

HONG KONG: The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. ​dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows. The yen weakened to ‌the critical 160-per-do…

#GulfCountries