Public News Channel Business Recorder
Public News Channel-
Business Recorder
Aussie stocks slip for third session as mining losses outweigh real estate gains
Australian stocks ended marginally lower on Tuesday, falling for a third straight session, as softer commodity prices pressured heavyweight miners, although gains in consumer and real-estate stocks limited the decline. The benchmark S&P/ASX 200 in…
#Australia #StockMarket #Mining
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Business Recorder
Sindh issues circular aimed at strengthening prosecution system
On the directions of Sindh Minister for Law, Home and Parliamentary Affairs Zia-ul-Hassan Lanjar, Prosecutor General Sindh Barrister G. Shabbir Shah has issued a comprehensive circular aimed at strengthening the prosecution system, enhancing scrut…
#Sindh #ProsecutionSystem
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Business Recorder
Govt advances DISCOs’ privatisation as investor outreach begins
The government’s plan to privatise power distribution companies (DISCOs) has formally entered its implementation phase, with Expressions of Interest (EOIs) for three utilities already published and the transaction structure approved by the governm…
#Privatisation #Economy
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Business Recorder
Pakistan’s FY27 budget to be presented in ‘coming days’
KARACHI: Pakistan will present its budget for FY27 in the “coming days”, the government said on Tuesday, signalling a fresh delay after it was rescheduled to June 10 from the original date of June 5. “Time, date and venue will be shared in due cou…
#PunjabBudget
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Business Recorder
Indian economy, government finances, see mounting costs from Iran war
NEW DELHI: A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies. Now, India is increasingly counting the cost of the Iran war, which economists s…
#IndianEconomy #IranWar #MiddleEastTension
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Business Recorder
India’s Tata Group units plan bond sales after year-long gap, bankers say
MUMBAI: Two of India’s Tata Group infrastructure units are set to return to the corporate bond market in the coming days, after more than 15 months, two merchant bankers said on Tuesday. Indian corporate bond yields have eased after the Reserve Ba…
#TataGroup #BondSales #IndianEconomy
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Business Recorder
Copper steady as tight LME stocks counter China demand worries, Mideast tensions
SINGAPORE: Copper prices were little changed on Tuesday as support from dwindling London Metal Exchange inventories offset pressure from concerns about Middle East tensions, high oil prices and weaker Chinese import data. Benchmark three-month cop…
#CopperPrice #MiddleEastTension
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Business Recorder
India’s SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loan
NEW DELHI: Indian airline SpiceJet has delayed salary payments to many of its pilots since March, internal messages seen by Reuters show, as the cash-strapped carrier said it is seeking an emergency loan under a government-backed credit scheme to …
#SpiceJet #IndianEconomy #Aviation
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Business Recorder
Indian shares rise as banks gain on RBI forex swap facility
Banks led gains in Indian shares on Tuesday after the RBI detailed a concessional forex swap facility for overseas borrowings, while a pause in Israel-Iran hostilities boosted risk appetite. The benchmark Nifty 50 was up 0.36% at 23,205.2, while t…
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Business Recorder
Dollar hovers around two-month high as Iran-Israel truce hangs in balance
HONG KONG: The U.S. dollar held near a two-month high on Tuesday, firming against most major peers as Middle East uncertainty curbed risk appetite and traders ramped up bets on a Federal Reserve rate hike later this year. Iran and Israel halted at…
#MiddleEastTension #OilPrices
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