Business Recorder

Pat Cummins might skip next IPL because of heavy Australia workload

SYDNEY: Australia captain Pat Cummins indicated he might skip the Indian Premier League (IPL) next year to prioritise a heavy test schedule and the one-day international World Cup. The 33-year-old fast bowler first played in the IPL in 2014 and ha…

#PatCummins

Business Recorder

Chicago corn, wheat fall on favourable US weather, ample global supplies

BEIJING: Chicago corn and wheat futures fell for a fourth straight session on Wednesday, as favourable US crop weather boosted yield prospects, while ample global supplies weighed on demand for US shipments. The most-active corn contract on the Ch…

#EconomicCrisis

Business Recorder

Australia dollar drifts as economy slows, Gulf fighting resumes

SYDNEY: The Australian and New Zealand dollars dithered on Wednesday as fresh fighting broke out in the Gulf, while data showed Australia’s economy had been slowing even before rising interest rates and surging petrol prices hit demand. The countr…

#Australia #Gulf

Business Recorder

Yuan slips against strong US dollar with Iran, China economic reports in focus

HONG KONG: The yuan eased from a three-year high against a strong US dollar on Wednesday as investors were concerned about the US-Israeli war on Iran and a pair of Chinese economic reports. China’s export-focused services activity expanded at the …

#Yuan #USdollar #Iran #China

Business Recorder

Pakistan’s budget unlikely to be presented on June 5, government source says

ISLAMABAD: Pakistan’s federal budget is not likely to be presented on June 5, a government source and local media said on Wednesday, mainly as some fiscal measures have not been settled with the International Monetary Fund. The budget might be pre…

#Budget

Business Recorder

Hilton, Becerra take early lead in California governor primary race

Republican television commentator Steve Hilton and Democratic former cabinet secretary Xavier Becerra took the early lead in the open primary race for California governor on Tuesday. They each had about 26% of the vote with 42% of election night p…

#California #USPolitics

Business Recorder

Drones hit infrastructure in St. Petersburg, governor says

MOSCOW: Drones hit infrastructure in several districts of St. Petersburg, causing damage and injuring several people, the city’s governor said on Wednesday. At least 23 killed in Russian attack, Ukrainian president says new assault possible The ci…

#StPetersburg #DroneAttack

Business Recorder

Selling at bourse, KSE-100 sheds over 500 points in early trade

Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 500 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 170,499.45, down by 52…

#KSE100 #StockMarket

Business Recorder

OGDCL strikes oil in Sindh’s Sanghar

Oil & Gas Development Company Limited (OGDCL) announced an oil discovery from its exploratory well, Bobi Deep-1, located in District Sanghar, Sindh. OGDCL discovered oil reserves in the Bobi and Dhamraki Mining Lease, the company informed the Paki…

#OGDCL #Sanghar #Sindh #OilPrices

Business Recorder

At least 23 killed in Russian attack, Ukrainian president says new assault possible

KYIV: Russia pounded Ukraine with hundreds of drones and dozens of missiles early ​on Tuesday, killing 23 people and wounding 130, and President Volodymyr Zelenskiy said Moscow could launch a new assault for the second night in a row. The strikes …

#UkraineConflict #Russia