Business Recorder

EBRD cuts 2026 growth expectation as Iran war boosts energy costs

LONDON: Growth will slow this year across a slew of developing markets due to the spike in energy costs and supply chain disruptions triggered by the Middle East war, the European Bank for Reconstruction and Development said on Wednesday. Economie…

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Business Recorder

Indonesia’s January-May crude oil production at 576,200 bpd, regulator says

JAKARTA: Indonesia produced 576,200 barrels of crude oil per day from January to May, the head of the upstream regulator told a parliamentary hearing on Wednesday. Indonesia’s natural gas production stood at 6,550 million standard cubic feet per d…

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Business Recorder

PM Shehbaz engages top business leaders on FY27 budget

Prime Minister Shehbaz Sharif on Wednesday met a delegation of renowned industrialists and prominent business personalities in the country, including Mian Muhammad Mansha and Arif Habib, for consultation on the upcoming federal budget for FY 2026-…

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Business Recorder

JGB yields rise across curve on BOJ hike bets, higher global yields

TOKYO: Japanese government bond (JGB) yields rose across the curve on Wednesday, supported by firmer Bank of Japan rate-hike expectations and a global backdrop of elevated yields. Here are a few details: The benchmark 10-year JGB yield climbed 6 b…

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Business Recorder

Japan’s Nikkei crosses 68,000 mark as AI stocks rally

TOKYO: Japan’s Nikkei share average topped 68,000 for the first time on Wednesday, just two days after breaching 67,000, as a rally in AI-related stocks outweighed concerns over the Middle East. The Nikkei was up 2.2% at 68,203.79 in morning trade…

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Business Recorder

Fresh US-Iran hostilities add to Indian bond jitters in RBI policy week

MUMBAI: Indian government bonds are likely to open lower on Wednesday as renewed US-Iran military clashes in the Middle East push up oil prices, putting hopes of a peace deal on the backburner, while the major focus remains on the central bank’s F…

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Business Recorder

Australia shares climb to near one-month high as miners rally

Australian shares rose to a near one-month high on Wednesday, underpinned by commodity stocks after mining giant BHP hit a record high, while a slower-than-expected economic growth reaffirmed expectations of a temporary pause in rate hikes. The S&…

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Business Recorder

Palm rises more than 1% on firmer crude, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures rose more than 1% on Wednesday as trading resumed after a long holiday weekend, with stronger crude oil and Chicago soyoil supporting the market. The benchmark palm oil contract for August delivery on the B…

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Business Recorder

Copper eases from two-week high as investors pause after rally

Copper slipped on Wednesday as investors locked in profit after prices touched a two-week high, while uncertaintyarounda US tariff on the metal limited losses. The benchmark three-month copper on the London Metal Exchange dropped 0.43% to $13,980….

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Business Recorder

Optical, semiconductor stocks lift China A-shares; HK shares dip

HONG KONG: China stocks extended gains on Wednesday, boosted by a jump in optical and semiconductor stocks on optimism over AI growth. Hong Kong shares dropped as investors sought hardware opportunities elsewhere. At the midday break, China’s blue…

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