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

Business Recorder

Oil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal

NEW YORK: Oil prices settled mixed on ‌Thursday after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the U.S. and Iran. Brent crude futures for July , which expire on F…

#MiddleEast

Business Recorder

US imposes fresh sanctions on Iran’s military oil sales, Treasury says

WASHINGTON: The U.S. said on Thursday it has imposed new sanctions on Iran’s ​military oil trade, even as Washington and Tehran reached a ‌tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz…

#Military

Business Recorder

Key US inflation measure posts largest annual increase in three years

WASHINGTON: U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war and cementing economists’ views that the Federal Reserve would hold interest rates unchanged well into ​next year….

#NewYork