Business Recorder

Oil swings keep Indian rupee outlook precarious, foreign stock sales amplify strain

MUMBAI: The Indian rupee is expected to retain a bias towards depreciation on Tuesday as uncertainty over U.S.-Iran peace talks keeps oil prices volatile, ​while persistent foreign selling of Indian stocks heaps additional pressure. The rupee is e…

#CrudeOil #Rupee

Business Recorder

Indian shares to open lower as Iran war, fund outflows continue to weigh

Indian shares are likely to open lower on Tuesday as persistent anxiety around the war in the Middle East and unprecedented foreign outflows ​pressure markets. Brent crude futures hovered around $94 per barrel amid stalled peace ‌talks between the…

#IranWar

Business Recorder

Gold steady amid uncertainty over US-Iran peace negotiations

Gold held steady on Tuesday as investors parsed ‌a partial ceasefire between Hezbollah and Israel and awaited further details on the status of U.S.-Iran talks amid conflicting news. Spot gold was steady at $4,481.53 per ounce, as of 0217 GMT. ​U.S…

#IranNegotiation #GoldPrice

Business Recorder

Asia stocks skittish as Middle East anxiety offsets AI optimism

SINGAPORE: Asian stocks made a cautious start to trading on Tuesday as uncertainty over ‌whether the ceasefire in the Middle East conflict would hold capped the lift to sentiment from renewed optimism around AI. MSCI’s broadest index of Asia-Pacif…

#MiddleEast

Business Recorder

Dollar steady as traders await progress on Middle East peace talks

TOKYO: The ​ U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon ‌announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on…

#Dollar

Business Recorder

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Oil prices held on to most of the previous session’s sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the ​Strait of Hormuz. U.S. President Do…

#OilPrice #IranNegotiation

Business Recorder

Zardari approves appointment of Acting CJ of FSC

ISLAMABAD: President Asif Ali Zardari has approved the appointment of the Acting Chief Justice of the Federal Shariat Court. According to an official statement, the President approved the appointment of Justice Dr Syed Muhammad Anwar as the Acting…

#AsifAliZardari

Business Recorder

Special meeting of KATI team with PM to be arranged: Mashood

KARACHI: Chairman Prime Minister’s Youth Programme Rana Mashood has said that a special meeting will be arranged between a delegation of industrialists from the Korangi Association of Trade and Industry (KATI) and the Prime Minister, enabling them…

Business Recorder

SC requested to withdraw order in Mazari, Chattha case

ISLAMABAD: The Supreme Court has been requested to recall/withdraw its May 12 order directing the Islamabad High Court (IHC) to decide human rights lawyers – Imaan Zainab Mazari and Hadi Ali Chattha – applications for suspension of their sentences…

Business Recorder

Digital filing platform: Public offices directed to transition entirely by July 1

LAHORE Public offices across the province have been directed by the Punjab government to transition entirely to a digital filing platform by July 1, marking a government-led structural overhaul intended to eliminate physical paperwork and reduce a…