Business Recorder

Philippine central bank weighs stronger response to combat inflation

MANILA: The Philippine central bank said on Monday it may consider a stronger monetary policy response if elevated inflation expectations become entrenched, vowing it “will take all necessary action” to ensure that inflation returns to its 3% targ…

#Economy

Business Recorder

India bonds seen consolidating in range at start of RBI policy week

MUMBAI: Indian government bonds are likely to open the week on a quiet note, as focus turns to the central bank’s Friday monetary policy decision, while crude oil prices and Treasury yields remain largely unchanged after witnessing a decline last …

#MarketClosure

Business Recorder

Five dead, two injured in fire at Hanwha Aerospace plant in South Korea

SEOUL: Five people have died and two others were injured in a fire at a factory operated by South Korea’s Hanwha Aerospace in the city of Daejeon, authorities said on Monday. The two survivors, including one who was badly burned, had escaped from …

#DrowningIncident

Business Recorder

Soybeans, corn rise in step with higher oil prices

SINGAPORE: Chicago soybean and corn futures bounced back on Monday, with higher oil prices underpinning the agricultural commodities increasingly being used to make alternative fuels amid tight energy supplies following the Iran war. Wheat gained …

#OilPrices

Business Recorder

Australian shares inch lower, hurt by banks and energy; miners limit losses

Australian shares edged lower on Monday, weighed down by banks, healthcare, and energy stocks, though gains in technology and miners cushioned the decline as investors remain wary amid efforts to reach a resolution to the Middle East conflict. The…

#MarketClosure

Business Recorder

Selling observed at bourse, KSE-100 down 800 points

Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points on Monday. At 9:50am, the benchmark index was hovering at 173,152.71, down by 810.10 points or 0.47%. Selling was observe…

#KSE100

Business Recorder

UK foreign minister due to visit China and India to discuss global issues

LONDON: British foreign minister Yvette Cooper will travel to China on ‌Monday, and then onwards to India later in the week, with the visits to focus on global issues from the Strait of Hormuz and the Russia-Ukraine war to the recent Ebola outbrea…

#UK #China #India

Business Recorder

Israeli strike kills at least two at Gaza seaport cafe, medics say

CAIRO: An Israeli airstrike killed at least two Palestinians and wounded 12 ​on Sunday at a Gaza cafe ‌that was packed with people celebrating public holidays, health officials said. There was no immediate Israeli ​comment. An October ceasefire, b…

#Palestine #Gaza #Israel

Business Recorder

Kohli masterclass leads Bengaluru to IPL title defence in style

AHMEDABAD: India veteran Virat Kohli produced an explosive knock as Royal Challengers Bengaluru ​secured a five-wicket win over Gujarat Titans to retain their Indian Premier League title on Sunday. Bengaluru, who ‌ended a 17-season drought by winn…

#ViratKohli #IPL2024

Business Recorder

Indian shares may open higher, rebounding from Friday’s record foreign sell-off

Indian shares are likely to open higher on Monday, following Friday’s losses, after record foreign outflow and the highest ever turnover on the National Stock ​Exchange of India that accompanied MSCI’s index rebalancing. GIFT Nifty futures were ‌a…

#India #StockMarket