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

Business Recorder

Fresh Gulf hostilities set to weigh on rupee, traders eye central bank cushion

MUMBAI: The Indian rupee is poised to make a weaker start on Wednesday, tracking declines in oil-sensitive Asian peers as fresh hostilities flared in the ​Gulf after U.S.-Iran peace talks stalled. The Indian rupee is expected to open in the 95.35-…

#Rupee #Economy #GulfHostilities

Business Recorder

Tropical storm Jangmi batters Japan, cuts power to 60,000 homes

TOKYO: Severe tropical storm Jangmi ripped across ​Japan on Wednesday morning, with fierce winds and torrential rain ‌disrupting transport and businesses, and knocking out power for tens of thousands of homes. The storm’s centre lay off the centra…

#Accidents

Business Recorder

Gold eases on stronger oil as fresh Mideast hostilities erupt

Gold prices slipped on Wednesday, as renewed hostilities in the Middle East pushed crude oil prices higher, cementing fears that interest rates would stay ​higher for longer to tame inflation. Fundamentals Spot gold fell 0.2% to $4,476.50 ‌per oun…

#OilPrices

Business Recorder

Indian shares seen muted as Iran tensions lift oil prices, dampen risk mode

Indian shares are on track to open flat on Wednesday as uncertainty over a U.S.-Iran peace deal kept investors risk-averse, while higher ​oil prices and persistent foreign outflows also weighed on sentiment. Gulf ‌hostilities flared anew, with the…

#OilPrices

Business Recorder

Yen slips to key 160 level as Gulf hostilities boost dollar

SINGAPORE: Persistent strength in the dollar sent the ​Japanese yen sliding to the key 160 level on Wednesday, as hostilities in the Gulf erupted anew and ‌bolstered demand for the safe-haven U.S. currency. The U.S. Central Command said Iran launc…

#OilPrices

Business Recorder

Oil prices rise as new Middle East hostilities flare and talks stall

Oil prices climbed more than 1% in early trade on Wednesday as hostilities in the Middle East erupted anew with ​Iran firing missiles at Kuwait and Bahrain, while diplomatic talks ‌between Iran and the United States showed little progress. Brent f…

#OilPrices

Business Recorder

Exports fail to take off despite big Uraan target

ISLAMABAD: Despite the government’s much-publicized Uraan programme targeting USD60 billion in exports, the Commerce Ministry on Tuesday admitted that the country’s exports remain stagnant, citing anti-export taxes, high energy and financing costs…

Business Recorder

Fiscal, policy incentives may be introduced in Federal Budget

ISLAMABAD: The government is likely to introduce fiscal and policy incentives in the Federal Budget (2026-27) to strengthen waste collection, recycling infrastructure and circular economy initiatives from next fiscal year. Sources told Business Re…

#Budget202627

Business Recorder

Afghanistan, ME tensions: Dual shock hits country’s global trade

ISLAMABAD: The country’s international trade is facing a dual shock as tensions with Afghanistan have already wiped out an estimated USD850 million in exports and transit earnings, while the US-Israel and Iran conflict threatens to cut a further U…

#Afghanistan