Business Recorder

Japan’s Nikkei pulls back from record high on AI selloff

TOKYO: Japan’s Nikkei share average pulled back from a record high on Thursday, as investors sold AI-related stocks after Broadcom missed expectations for second-quarter revenue, while renewed fighting between the US and Iran also soured risk sent…

#Japan

Business Recorder

Australia, NZ dollars suffer Gulf setback, await RBA outlook

SYDNEY: The Australian and New Zealand dollars steadied on Thursday after renewed fighting in the Gulf knocked risk assets in general, while investors awaited an update on the outlook for Australian interest rates later in the session. The Aussie …

#Australia #GulfCountries

Business Recorder

Thai baht/US dollar steady on Thursday

BANGKOK: The Thai baht was little changed against the US dollar on Thursday. At 0222 GMT, the baht was 0.03% lower at 32.71 versus the dollar, after trading in a range of 32.685 to 32.755. It ended the previous session at 32.7 per dollar, as per L…

#Bangkok

Business Recorder

India bonds likely to gain on reports of tax cut for foreign investors

MUMBAI: Indian government bonds are expected to open with marginal gains on Thursday on media reports saying that the government plans to scrap capital gains tax on investments in government securities by foreign portfolio investors. The yield on …

#IndiaPakistan

Business Recorder

Indian rupee under pressure from outflows, Asia weakness; report on tax relief may support

MUMBAI: The Indian rupee is seen opening slightly weaker on Thursday, pressured by equity outflows and soft Asian cues, while expectation around steps to support the currency may offer relief. The Indian rupee is expected to open in 95.74-95.78 ra…

#IndiaPakistan

Business Recorder

Indian shares muted on Mideast jitters; traders eye RBI policy meeting

Indian shares were unchanged on Thursday as escalating US-Iran hostilities and mixed truce signals kept investors on tenterhooks ahead of a high-stakes Reserve Bank of India meeting, with Iran war-fuelled inflation high on policymakers’ minds. The…

#IndiaPakistan

Business Recorder

Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism

Gold prices gained on Thursday, supported by lower crude oil prices and a weaker dollar, as investors assessed renewed expectations for a resolution to the US-Israeli war with Iran. Spot gold was up 0.7% at $4,464.69 per ounce, as of 0408 GMT. US …

#GoldPrice #OilPrices #IranUSConflict

Business Recorder

Stocks slide on flare-up in Middle East fighting; oil eases off highs

SINGAPORE: Asian stocks fell on Thursday as renewed fighting between the US and Iran rattled investors, although oil slipped from recent highs after Israel and Lebanon agreed to a ceasefire. MSCI’s broadest index of Asia-Pacific shares outside Jap…

#Stocks #MiddleEast #OilPrices

Business Recorder

Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone

HONG KONG: The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention…

#Dollar #GulfCountries

Business Recorder

Oil falls as Lebanon and Israel agree on a ceasefire

BEIJING/PERTH: Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the US-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz. Brent futures were down 87 …

#Oil #LebanonIsrael #Ceasefire