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

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