Business Recorder

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

Business Recorder

Palm falls on weaker rival oils and crude, lower export data

JAKARTA: Malaysian palm oil futures closed lower on Monday, tracking weakness in rival edible oils on the Dalian market while crude oil prices and lower export data also weighed on sentiment. The benchmark palm oil contract for August delivery on …

#PalmOil #Economy

Business Recorder

SBP delegates foreign share registration powers to ADs to ease investment flows

In a move aimed at improving ease of doing business and facilitating foreign investment inflows into Pakistan, the State Bank of Pakistan has delegated powers related to the registration of shares issued or transferred to foreign investors to Auth…

#SBP #Economy

Business Recorder

Indian shares jump to two-week high as oil drops on Mideast peace talk hopes

Indian shares rose to a two-week high on Monday as signs of progress in U.S.-Iran peace talks pushed oil prices lower and boosted appetite for risk assets. U.S. President Donald Trump said on Saturday that Washington and Iran had “largely negotiat…

#India #Stocks #Oil

Business Recorder

Indian state fuel retailers losing nearly 6bn Indian rupees daily despite price hikes

NEW DELHI: India’s state-owned fuel retailers are losing nearly 6 billion rupees ($63 million) daily despite price increases, a government official said on Monday, hours after diesel and petrol prices were raised for the fourth time this month to …

#India #FuelPrices #Economy

Business Recorder

Indian banks seek hedging cost subsidy from RBI to raise dollar funding, sources say

MUMBAI: Indian banks have sought subsidised forex hedging costs from the Reserve Bank of India to raise overseas borrowings, according to three sources, as the central bank seeks to shore up dollar inflows into the economy. The central bank met wi…

#India #RBI #Banking

Business Recorder

Founder of viral Indian Gen Z account alleges crackdown, threats

NEW DELHI: A viral social media account focusing on the concerns of India’s Gen Z has come under attack, with its founder alleging hacking and threats to his family after it won millions of followers disenchanted with Prime Minister Narendra Modi’…

#India #SocialMedia

Business Recorder

Rubio says ‘chance’ of Iran accepting deal as soon as Saturday

NEW DELHI: US Secretary of State Marco Rubio said there was a chance Iran would accept a deal to end the Middle East war as soon as Saturday. His comments came as Pakistan’s army chief arrived in Tehran to bolster mediation and US President Donald…

#MarcoRubio #Iran #Diplomacy

Business Recorder

India’s Goyal to visit Canada with 150 business leaders to boost trade ties

NEW DELHI: India’s Trade Minister Piyush Goyal will visit Canada between May 25 and May 27, heading a delegation of about 150 Indian industry leaders as part of efforts to strengthen trade and investment ties between the two countries. Goyal told …

#PiyushGoyal #Canada #India