Business Recorder

India’s Hindalco misses profit estimates as Novelis disruptions weigh

India’s Hindalco Industries posted a surprise profit drop for the second straight quarter on Friday, missing analysts’ estimates, as expenses linked to a fire-related disruption at U.S. unit Novelis offset the benefit of higher base metal prices. …

#India #Business

Business Recorder

India needs to monitor Iran war impact, RBI report says

MUMBAI: India’s economic outlook is clouded by supply-side pressures, the central bank said in its monthly economic report on Friday, flagging a need to closely monitor how the Iran war-led energy shock feeds through to prices. High-frequency econ…

#India #Iran

Business Recorder

Bilawal inaugurates Karachi’s Shahrah-e-Bhutto Expressway

Chairman of Bilawal Bhutto Zardari on Friday formally inaugurated the Shahrah-e-Bhutto Expressway in Karachi . The inauguration ceremony was attended by Sindh Chief Minister Syed Murad Ali Shah, Acting Governor Sindh Owais Qadir Shah, federal and …

#BilawalBhutto #Karachi #ShahrahEBhutto

Business Recorder

Sinner stands between Djokovic and record 25th major crown at French Open

PARIS: Novak Djokovic on Friday admitted world number one Jannik Sinner was the man to beat at Roland Garros as the imperious Italian stands on the brink of completing his career Grand Slam. Djokovic, 39, is chasing a 25th major title, which would…

#Djokovic

Business Recorder

EU moves to sanction Iran over Hormuz blockade

BRUSSELS: European Union nations moved Friday towards imposing sanctions on Iranian officials and others responsible for blocking the Strait of Hormuz , the EU said. Tehran effectively closed the key shipping lane for global gas and oil in retalia…

#EU #Iran #HormuzBlockade

Business Recorder

Rubio cites some progress on Iran talks but ‘we’re not there yet’

HELSINGBORG , SWEDEN: The United States has seen some progress in talks with Iran and is in constant communication with the Pakistani mediators , but there is more work to be done, Secretary of State Marco Rubio said on Friday. “There’s been some …

#Rubio #IranTalks

Business Recorder

Sabalenka says she is ‘100%’ ready for French Open after claycourt struggles

PARIS: World number one Aryna Sabalenka insists she has fully shaken off the physical woes that derailed her French Open preparations, despite arriving at Roland Garros without a semi-final appearance on clay this season. Sabalenka’s French Open h…

#Health

Business Recorder

Wall St rises, Dow hits record high with U.S.-Iran talks in focus

Wall Street’s main indexes rose on Friday, with the blue-chip Dow hitting a record high for the first time since the Iran war began, as investors tracked progress in talks to end the nearly three-month-old conflict ahead of the long weekend. Iran’…

#PakistanStockMarket #US #Iran

Business Recorder

Pakistan urges release of Kashmiri political prisoners, vows to protect water rights

Pakistan on Friday called for the immediate release of all Kashmiri political prisoners, human rights defenders and civil society activists detained in Indian Illegally Occupied Jammu and Kashmir (IIOJK), while also reaffirming its commitment to s…

#Diplomacy

Business Recorder

Gold price per tola remains unchanged in Pakistan

Gold prices in Pakistan remained unchanged on Friday. In the local market, the gold price per tola stood at Rs475,362 during the day. Similarly, 10-gram gold was sold at Rs407,546, according to rates shared by the All-Pakistan Gems and Jewellers S…

#GoldPrice