Business Recorder

Australian shares climb with miners, gold stocks leading gains

Australian shares advanced on Friday, led by miners and gold stocks, as investors kept a watch on the Middle East conflict, following reports that the US and Iran had reached an agreement to extend the ceasefire. The S&P/ASX 200 index rose 0.8% to…

#AustralianShares #Gold

Business Recorder

Saudi Arabia may lower July oil prices to Asia as demand weakens

SINGAPORE: Saudi Arabia is likely to cut its official selling prices (OSPs) for crude oil to Asia in July for a second month, a Reuters survey showed, as spot premiums eased on sluggish demand despite supply disruptions stemming from tensions in t…

#SaudiArabia #OilPrices #Asia

Business Recorder

India bonds likely to rise on lower oil, but debt supply tempers optimism

MUMBAI: Indian government bonds are likely to rise in early deals on Friday, tracking a decline in oil prices, although any major gains seem unlikely until the weekly debt auction. The benchmark 6.48% 2035 note is expected to trade in the 6.96% to…

#India #Oil #Debt

Business Recorder

Japan’s Nikkei climbs toward record high on Mideast, AI optimism

TOKYO: Japan’s Nikkei share average rose toward a record on Friday, powered by renewed optimism for a near-term peace deal in the Middle East and enthusiasm about AI shares after strong earnings from Dell Technologies. The Nikkei climbed as much a…

#Japan #Nikkei #MiddleEast #AI

Business Recorder

Indian rupee likely to contend with outflows even as US-Iran ceasefire reports give oil relief

MUMBAI: The Indian rupee could find marginal breathing room on Friday on reports that the US and Iran have agreed to extend a ceasefire, while traders will be wary of latching onto momentum as multiple reports in recent memory have led to no resol…

#IndianRupee #USA #Iran #Oil

Business Recorder

IT leads Indian shares higher after Wipro’s AI deal

Indian shares edged higher on Friday as gains in IT stocks after Wipro expanded an artificial intelligence partnership offset caution over lingering Middle East tensions. The benchmark Nifty 50 rose 0.13% to 23,935.45, and the BSE Sensex added 0.2…

#India #Wipro #IT

Business Recorder

China stocks mixed as semiconductors drag, Lenovo helps Hong Kong rebound

HONG KONG: China stocks struggled for direction on Friday as investors booked some profits from hot semiconductors sectors, while Lenovo Group helped Hong Kong shares rise for the first time in four sessions. China’s blue-chip CSI300 Index was lar…

#China #HongKong #StockMarket

Business Recorder

India expects 2026 monsoon rains to be below average

MUMBAI: India said on Friday its monsoon rains hindered by an El Nino are likely to fall below average in 2026 for the first time in three years, stoking concern over farm output and growth as it battles inflation caused by the Iran war. The lifeb…

#India #Monsoon2026 #Weather

Business Recorder

Oil falls over 1% on reports of potential US-Iran ceasefire deal

SINGAPORE: Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following ​reports that the US and Iran had agreed to extend a ceasefire, ‌though it had yet to be finalised. Brent crude fut…

#USA

Business Recorder

Vance says US not there yet on Iran, but close

WASHINGTON: U.S. ​Vice President JD Vance on Thursday ‌told reporters that Washington was “not there yet” with Iran on an agreement but that the parties ​were close, adding that the ​U.S. was in a position where it ⁠could substantially set back Te…

#JDVance #USA #Iran