Business Recorder

India manufacturing activity rose in May despite cost pressures, PMI shows

BENGALURU: India’s manufacturing sector expanded at its fastest pace in three months in May on sustained demand even as cost pressures were among the most intense in nearly four years and business optimism softened to its lowest since February, a …

#Economy #India

Business Recorder

Iran says ceasefire with US includes Lebanon, Washington and Israel responsible for any violation

DUBAI: The ceasefire already in place between Iran and the United States is unequivocally a ceasefire on all fronts, including in Lebanon, Iran’s top diplomat said on Monday after Israeli Prime Minister Benjamin Netanyahu ordered attacks on the He…

#IranNegotiation #LebanonCeasefire

Business Recorder

What does IMF want from Pakistan’s upcoming budget?

Pakistan’s ongoing engagement with the International Monetary Fund (IMF) is shaping many of the economic policies expected to feature in the upcoming federal budget and broader reform agenda. Discussions between Pakistani authorities and the IMF h…

#FBR

Business Recorder

Indian steelmakers grapple with resurgence of cheap Chinese imports

NEW DELHI: China’s finished steel exports to India more than doubled in April to the highest in at least two years, sparking worries among the latter’s steelmakers that despite the imposition of import tariffs they will be swamped by cheaply price…

#Economy

Business Recorder

Iraq name experienced World Cup squad with Hussein spearheading attack

Iraq head coach Graham Arnold named his final 26-man World Cup squad on Monday, relying heavily on the core group of players who secured qualification through the intercontinental playoffs. Experienced forward Aymen Hussein is set to spearhead the…

#Iraq #WorldCup

Business Recorder

France’s Macron says encouraged Trump in Iran ceasefire efforts

PARIS: France’s President Emmanuel Macron said on Monday he had encouraged his US counterpart Donald Trump to pursue his “determined efforts” to reach a ceasefire deal with Iran to end the Middle East war. In a phone call on Sunday night, “I welco…

#EmmanuelMacron #DonaldTrump #IranNegotiation

Business Recorder

Saudi Aramco raises LPG OSPs by up to 3% for June, Sonatrach cuts prices by 18% and 31%

MOSCOW: Saudi Arabia’s state oil producer Saudi Aramco has raised official selling prices for liquefied petroleum gas by between 1% and 3% in June, while Algeria’s Sonatrach has cut them by between 18% and 31% due to higher supply in the Mediterra…

#OilPrices

Business Recorder

Rupee registers gain against US dollar

The Pakistani rupee appreciated 0.01% against the US dollar in the inter-bank market on Monday. At close, the local currency settled at 278.47, a gain of Re0.03 against the greenback. On Friday , the local unit closed at 278.50. Meanwhile, the US …

#Economy

Business Recorder

Aluminium hits four-year high on renewed Middle East supply risks

LONDON: Aluminium prices soared to their highest point in more than four years as Middle East supply risks escalated after the U.S. and Iran traded military strikes, traders said. Benchmark aluminium on the London Metal Exchange was up 0.6% at $3,…

#Economy #MaritimeTensions

Business Recorder

Coinbase offers trading using Indian rupee

NEW DELHI: U.S.-listed cryptocurrency exchange Coinbase is allowing users in India to make trades using the rupee, marking a key expansion of its services in Asia’s third-largest economy. Customers can deposit and withdraw rupees through the so-ca…

#Coinbase #IndianRupee