Business Recorder

Trump lawyers deny BBC access to financial details in $10-billion lawsuit, FT says

US President Donald Trump’s legal team has ​refused to hand over financial information sought by BBC lawyers in his $10-billion defamation case ‌against the broadcaster, the Financial Times said on Friday, citing court filings. Trump has accused t…

#DonaldTrump

Business Recorder

IAEA brokers local ceasefire to help repair power line to Zaporizhzhia nuclear plant

The International Atomic Energy Agency on Friday said it has ​negotiated a temporary local ceasefire between ‌Ukraine and Russia, the sixth since late last year, allowing repairs to a power supply line to ​Ukraine’s Zaporizhzhia nuclear power plan…

#IAEA #Zaporizhzhia #Ceasefire

Business Recorder

Japan’s Nikkei eases further from record high as AI euphoria fades

TOKYO: Japan’s Nikkei share average retreated on Friday for a second consecutive session after closing at a record high earlier this week, as momentum slowed in the red-hot technology sector. The benchmark Nikkei 225 Index was down 1.58% at 66,406…

#Japan #Nikkei #StockMarket

Business Recorder

Australia, NZ dollars recoil as market mood darkens

SYDNEY: The Australian and New Zealand dollars lost further ground on Friday and are nursing sizable weekly losses as a retreat in AI trades and deadlock in the Gulf conflict combine to undermine the risk-sensitive currencies. The Aussie edged dow…

#Australia #NZ

Business Recorder

Australian shares fall as miners, energy stocks drag

Australian shares fell on Friday and were set for their biggest weekly drop in more than a month, with miners and energy stocks leading the decline, while hopes faded for a US-Iran peace deal. The S&P/ASX 200 index fell 0.4% to 8,645.20 by 0016 GM…

#Australia

Business Recorder

Maritime minister urges urgent action on Arabian Sea heat crisis

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry warned on Friday of an underwater heat emergency in the Arabian Sea and urged urgent climate action to protect coastal communities, fisheries and maritime infrastructure. In a st…

#ArabianSea

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Thai baht/US dollar weaker on Friday

BANGKOK: The Thai baht weakened against the US dollar on Friday. At 0206 GMT, the baht was 0.11% lower at 32.66 versus the dollar, after trading in a range of 32.650 to 32.750. It ended the previous session at 32.62 per dollar, as per LSEG data.

#ThaiBaht #USdollar

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