Business Recorder

Sri Lankan shares extend losing streak to five sessions, logs weekly loss

Sri Lankan shares closed slightly lower on Friday, extending losses to a fifth straight session and posting a weekly decline, as losses in utilities and IT stocks countered gains in energy and financials. The CSE All Share index settled down 0.07%…

#SriLanka

Business Recorder

India’s ICICI Prudential AMC restricts subscription in gold ETF

India’s ICICI Prudential Asset Management Company said on Friday it has temporarily restricted subscriptions in its gold exchange-traded fund (ETF). The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 mi…

#GoldETF #India

Business Recorder

Iran says it fired warning missiles and drones at US warships in Gulf of Oman

DUBAI: Iran’s navy said on Friday it had fired warning missiles and drones at U.S. warships in the Gulf of Oman, accusing the U.S. Navy of harassing maritime traffic and seizing commercial vessels and oil tankers, Iranian state media reported. Ear…

#GulfOfOman #Iran #USWarships

Business Recorder

Spurs sign Robertson on free transfer after Liverpool exit

Tottenham Hotspur have signed full back Andy Robertson on a free transfer, the Premier League club said on Friday after the Scotland international left Liverpool at the end of his contract. The 32-year-old left Liverpool after a nine-year stint wh…

#Spurs #Robertson

Business Recorder

India scraps capital gains tax on foreign investors in government debt to support Indian rupee

NEW DELHI: India said on Friday it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on receipts arising from interest or sale of government securities. The decision, announced through a…

#IndiaUS #EconomicGrowth

Business Recorder

First tranche of US-India trade deal likely by mid-July, says India trade minister

NEW DELHI: India and the United States are moving swiftly toward finalising the first tranche of a bilateral trade agreement that could be concluded by mid-July, Indians Trade Minister Piyush Goyal said on Friday. The U.S. and India reached an ini…

#IndiaUS #Agreement

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UAE markets gain despite stalled US-Iran peace talks

Stock markets in the United Arab Emirates closed higher on Friday, with Dubai outperforming its regional peer despite fading hopes for a diplomatic breakthrough in the U.S.-Israeli conflict with Iran. The Hezbollah rejected a new ceasefire in Leba…

#GulfCountries #IranNegotiation #CrudeOil

Business Recorder

Pakistan risks missing global supply chain shift without pro-export budget measures: PTC

Pakistan could miss a major opportunity to boost exports and attract global buyers relocating supply chains unless the federal budget for FY27 provides immediate relief to exporters, the Pakistan Textile Council (PTC) warned on Friday. In a letter…

#FBR #EconomicGrowth #BudgetFunds

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Indian companies willing to deepen presence in Venezuela, India’s oil minister says

Indian companies are willing to deepen their presence in Venezuela, the South Asian nation’s oil minister Hardeep Singh Puri told the South American country’s Interim President Delcy Rodriguez when they met in New Delhi on Thursday. New Delhi was …

#IndiaUS #CrudeOil

Business Recorder

Indian rupee posts biggest daily gain in 2 months as RBI ramps up currency defence

MUMBAI: The Indian rupee advanced on Friday to post its best session in two months, after the central bank held its policy rate and announced a host of measures to attract dollar inflows over the medium term. The Indian rupee gained 0.9% to end at…

#Region