Business Recorder
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Business Recorder
Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
BRUSSELS: Paramount Skydance Corp’s $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing. The U.S. entertainment giant sought EU …
#Paramount #WarnerBros
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Business Recorder
India bond-tax moves to catalyse foreign debt inflows, bolster bid for global index inclusion
MUMBAI: India’s decision to exempt foreigners from taxes on government bonds and broaden access to the debt market is expected to make the country more attractive to overseas investors, catalyse fresh inflows and strengthen its case for inclusion …
#India #Economy
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Business Recorder
Indian equity benchmarks steady, rise in financials counters Mideast flare-up
Indian share benchmarks were largely unchanged at close on Wednesday, with gains in heavyweight financials offsetting a broader selloff triggered by a renewed escalation of the Middle East conflict. Iran launched missile and drone attacks on U.S. …
#India #Economy
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Business Recorder
Zee Entertainment to raise $241 million for stategic initiatives
Indian television broadcaster Zee Entertainment said on Wednesday it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives. The company, which did not disclose a medium for the raise, said the board will de…
#ZeeEntertainment #Economy
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Business Recorder
Iran war drags India MF equity flows to annual low; gold ETFs see record outflows
India’s equity mutual fund inflows fell to their lowest in a year in May as Iran war-driven market volatility drove away investors while gold ETFs saw record outflows after a call to curb bullion purchases promoted profit taking at all-time high p…
#Geopolitics #Gold #India
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Business Recorder
Only 11% of Europeans view US as ally, survey shows
PARIS: Only 11% of Europeans across 15 countries view the United States as an ally, a historic low and down from 16% half a year ago and 22% in November 2024, according to a survey published by the European Council on Foreign Relations on Wednesda…
#Geopolitics
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Business Recorder
More than 1,300 migrants have died trying to reach the Spanish coast in 2026, says NGO
DAKAR: More than 1,300 migrants have died trying to reach the Spanish coast in the first five months of 2026, according to an advocacy group that tracks crossings from Africa along perilous routes through the Atlantic Ocean and western Mediterrane…
#Spain #MigrantCrisis2026
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Business Recorder
Indian rupee ends nearly flat on competing oil, intervention and NDF maturity cues
MUMBAI: The Indian rupee navigated competing impulses to end little changed on Wednesday, with traders pointing to volatility in oil prices, elevated dollar demand due to maturing non-deliverable forward contracts and likely central bank intervent…
#India #Economy
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Business Recorder
Copper hits three-week low as Middle East hostilities weigh
Copper sank to its lowest in three weeks on Wednesday as hostilities in the Middle East and concerns about the implications for global economic growth outweighed the market impact of reduced inventories. Benchmark three-month copper on the London …
#Economy #Geopolitics
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Business Recorder
Army Mi-17 helicopter crashes near Muzaffarabad; all on board martyred
All personnel aboard a Pakistan Army Aviation Mi-17 helicopter were martyred after the aircraft crashed near Muzaffarabad during take-off, the military’s media wing said on Wednesday. According to the Inter-Services Public Relations (ISPR), the he…
#Muzaffarabad #Emergency
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