Business Recorder

Injured England captain Sciver-Brunt on track to return for T20 World Cup

England captain Nat Sciver-Brunt said she is on course to return from a calf injury in ​time for their Twenty20 World Cup opener on ‌home soil next month, though the all-rounder has yet to resume bowling practice. The 33-year-old suffered a calf t…

#FIFAWorldCup

Business Recorder

NATO member Romania says Russian drone hit block of flats, injuring two

BUCHAREST: NATO member Romania said ​on Friday that a drone injured two people in a southeastern city during an overnight Russian attack on neighbouring Ukraine, the ‌first time in the war that a drone had hit a densely populated area in Romania a…

#NATO

Business Recorder

Service Global appoints CEO, chairman

Service Global Footwear Limited (SGF) announced on Friday key appointments. The company shared in a notice to the Pakistan Stock Exchange (PSX) today. The SGF announced that Hassan Javed was appointed as the Chief Executive Officer. The notice sai…

Business Recorder

Copper set for second straight monthly gain on US-Iran peace deal hopes

Shanghai copper rose on Friday, on track for a second straight monthly rise, as hopes of a US-Iran peace deal pushed oil prices and the dollar lower, easing fears of higher inflation and a global slowdown. The most-traded copper contract on the Sh…

#IranUSWar #OilPrices

Business Recorder

China’s yuan firms as dollar weakens on Iran-US ceasefire optimism

HONG KONG: China’s yuan strengthened against the dollar on Friday as the greenback retreated following reports of a US-Iran agreement to extend a Middle East ceasefire, lifting risk appetite in Asian currencies. The United States and Iran reached …

#China #Yuan #Dollar #Iran #USA

Business Recorder

Budget FY26-27: President summons session on 5th June

President Asif Ali Zardari has summoned the budget session for fiscal year 2026-27 of the Senate and National Assembly on June 5 (Friday), the President’s House said on Wednesday. The NA session will be held at 5pm on Friday, while the Senate sess…

#BudgetFY26-27

Business Recorder

Gold edges higher as investors weigh US-Iran ceasefire deal reports

Gold edged higher on Friday as investors assessed reports of a US-Iran ceasefire deal amid growing concerns around inflation and US interest rate hikes. Spot gold rose 0.2% to $4,499.56 per ounce by 0231 GMT, but was down about 0.2% for the week s…

#Gold #USA #Iran

Business Recorder

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

SINGAPORE: World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the US-Iran ceasefire. Sources …

#Oil #Hormuz #AI #StockMarket

Business Recorder

Dollar heads for weekly loss on reports of US-Iran ceasefire deal

HONG KONG: The dollar extended its weakness against major currencies on Friday and was on track to end the week lower, after reports the US and Iran reached an agreement to extend the ceasefire in the Middle East and lift restrictions on shipping …

#Dollar #USA #Iran

Business Recorder

Australia and NZ dollars get risk reprieve, kiwi gets added rate boost

SYDNEY: The Australian and New Zealand dollars got a reprieve from selling pressure on Friday as reports of a possible ceasefire extension in the Middle East slugged oil prices and boosted risk assets globally. Investors were particularly encourag…

#Australia #NewZealand #Dollar