Business Recorder

Sri Lankan shares rise on broad-based sectoral gains

Sri Lankan shares closed higher on Monday, on broad-based sectoral gains led by communication services, healthcare, and real estate stocks. The CSE All Share index settled up 1.98% at 22,364.77. Industrial Asphalts (Ceylon) PLC and Bansei Royal Re…

#SriLanka #Economy

Business Recorder

Target India head says retailer weighing AI tool costs amid shift to usage-based pricing

BENGALURU: Target India head said on Monday that a shift to usage-based AI pricing is pushing the U.S. retailer to look more closely at making costly tools available for its employees. AI firms such as Anthropic and OpenAI are increasingly shiftin…

#India #ArtificialIntelligence

Business Recorder

Iranian officials in Qatar for peace talks, frozen funds: source briefed

DOHA: A high-level Iranian delegation that includes the country’s top negotiator and central bank chief were in Doha on Monday to discuss an agreement with the US and the release of frozen funds, a source briefed on the matter told AFP . “Iran’s P…

#Iran #Qatar #Diplomacy

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

Business Recorder

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