Business Recorder

Indian bonds rally as oil slips below $100/bbl, benchmark logs best day in 3 weeks

MUMBAI: Indian government bonds jumped on Monday, with the benchmark yield posting its steepest fall in three weeks, as expectations of a U.S.-Iran peace deal and the potential restoration of crude supplies pushed Brent below $100 a barrel. The be…

#India #Oil #Economy

Business Recorder

Passport theft delays Abdulhamid as Saudis head to US

Saudi Arabia defender Saud Abdulhamid will arrive late to the national team’s camp ahead of the World Cup after his passport was stolen during a break-in in Amsterdam, the Saudi Arabian Football Federation said on Monday. “The Saudi Arabian Footba…

#SaudAbdulhamid #US #SaudiArabia

Business Recorder

Indian finance minister calls for focus on ‘3Fs’ – fuel, fertiliser, forex

MUMBAI: Indian Finance Minister Nirmala Sitharaman urged the country on Monday to focus on fuel, fertiliser and foreign exchange and underlined Prime Minister Narendra Modi’s plea to conserve foreign exchange as “very important” amid the Gulf cris…

#India #NirmalaSitharaman #Economy

Business Recorder

SSGC issues gas supply schedule for Eid-ul-Adha 2026

Sui Southern Gas Company (SSGC) on Monday issued gas supply schedule for Eid-ul-Adha 2026, extending Eid greetings in advance to its customers. “To ensure convenience for both domestic and commercial users, SSGC will maintain gas supply during the…

#SSGC #EidulAdha2026 #Sacrifice

Business Recorder

The blind spot in every IMF bailout

Consider the chain of events that unfolds when missiles are fired near the Strait of Hormuz. Within hours, underwriters in London begin cancelling or repricing war risk insurance policies for vessels transiting the Persian Gulf. Before a single ba…

#IMF #Economy

Business Recorder

India turns to Latin American, African oil after Hormuz disruption

NEW DELHI: Indian refiners turned to imports from Latin America and Africa after supplies from the Middle East were disrupted as the Israeli-U.S. war on Iran restricted shipping in the Strait of Hormuz, data provided by trade sources show. Refiner…

#India #Oil #Hormuz

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Chinese President Xi hails ‘unbreakable’ Pakistan ties, praises Iran peace efforts

BEIJING: President Xi Jinping hailed China’s “unbreakable” ‌friendship with Pakistan on Monday as he met Prime Minister Shehbaz Sharif in Beijing, seeking to deepen their “all-weather” partnership. Xi welcomed the Pakistani leader as an “old frien…

#XiJinping #Diplomacy

Business Recorder

Oil slump, central bank support manifest in Indian rupee’s three-day winning streak

MUMBAI: The Indian rupee strengthened for the third consecutive session on Monday, its longest winning streak in a month, powered by market interventions by the central bank and a slump in crude oil prices on hopes of a U.S.-Iran peace deal. The I…

#India #Rupee #Oil

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Spain leave out Real Madrid players as Barcelona dominate World Cup squad

MADRID: European champions Spain will travel to next month’s World Cup with plenty of Barcelona swagger but no-one from Real Madrid after manager Luis de la Fuente named a 26-man squad on Monday built around eight players from the Catalan club. It…

#Spain #Football #WorldCup

Business Recorder

Olympic champion Zheng’s return to Paris ends in tame defeat

PARIS: Olympic champion Zheng Qinwen’s return to the venue of her most famous triumph ended with a 6-4 6-0 humbling by Polish qualifier Maja Chwalinska in the French Open first round on Monday. China’s Zheng has largely struggled to replicate the …

#ZhengQinwen #Paris #Olympics