Business Recorder

Iron ore touches six-week low on China demand worries

Iron ore prices extended losses on Thursday to hit their lowest levels in more than six weeks, weighed down by rising concerns about demand in top consumer China as steel margins shrink and steel consumption weakens amid high input costs. The most…

#China

Business Recorder

Ibrahima Konate opens up on depression after deaths of Jota and father

France defender Ibrahima Konate said on Wednesday he battled depression following the deaths of Liverpool teammate Diogo Jota and his father while continuing to fulfil his football duties. Portugal forward Jota and his brother Andre Silva died in …

#IbrahimaKonate

Business Recorder

Yuan firms as traders track Iran war, weigh strength of China’s economy

SHANGHAI: China’s yuan strengthened slightly on Thursday as the dollar index corrected and traders weighed signs of China’s economic resilience against the country’s unattractive yields. Eyes are also on the US-Israeli war on Iran, as conflicting …

#IranUSConflict #Tehran

Business Recorder

Ukraine strikes kill three in Russia-annexed Crimea

Ukraine launched attacks on the two main centres in the Russia-annexed Crimea peninsula, Kremlin-installed officials in the region said early on Thursday, a day after Moscow and Kyiv traded strikes on each other’s cities. Sergei Aksyonov, the Russ…

#Ukraine #Russia

Business Recorder

China, Hong Kong stocks fall after flare-up in Middle East tensions

SHANGHAI: China and Hong Kong stocks fell with Asian markets on Thursday, as Middle East tensions flared, but Chinese chipmakers jumped on bets of domestic breakthroughs. In China, the large-cap CSI300 Index fell 0.6% by the lunch break, while the…

#China #HongKong #IsraelUS

Business Recorder

FIFA bans reusable bottles at World Cup venues citing safety concerns

Attendees of the World Cup will not be allowed to carry reusable water bottles into venues due to safety concerns, FIFA said on Thursday, following a last-minute change to its Stadium Code of Conduct. The governing body, which had earlier permitte…

#FIFA

Business Recorder

Palm slips on weak export demand, soft soyoil and crude oil

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday after rising in the previous session, as sluggish export demand and weaker soyoil and crude oil prices pressured the market. The benchmark palm oil contract for August delivery on the Bursa…

#OilPrices

Business Recorder

Israel, Lebanon agree to implement ceasefire, boosting hopes for Iran deal

DUBAI: Israel and Lebanon agreed to implement a ceasefire to end hostilities, the Trump administration said on Wednesday, ​in a boost to hopes for a broader deal to end the US-Israeli war on Iran . Tehran, which had conditioned any deal with the U…

#LebanonCeasefire #IsraelUS #IranNegotiation #IranUSConflict

Business Recorder

Delhi to crack down on fire safety violations after blaze that killed 21

NEW DELHI: The Delhi government will launch a crackdown on properties violating fire safety norms after a fire at a hotel in the capital city killed 21 people on Wednesday, including 12 foreign nationals, the chief minister’s office said. Here are…

#Delhi

Business Recorder

Australian shares fall as Mideast tensions deepen, miners and banks top losers

Australian shares fell more than 1% on Thursday, dragged down by index heavyweights miners and financials, as fresh hostilities in the Gulf soured appetite for risk assets. The S&P/ASX 200 index declined 1.3% to 8,674.10 by 0050 GMT and was on tra…

#Australia #GulfCountries