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…

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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…

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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…

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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

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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…

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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…

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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…

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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

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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…

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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 …

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