Business Recorder

Business Recorder

Sri Lankan shares rise as utilities, real estate stocks gain

Sri Lankan shares closed higher on Friday, helped by gains in real estate, utilities and industrial stocks. The CSE All-Share index settled up 0.43% at 21,929.64. However, the index lost 4.3% for the week. SMB Finance PLC and Renuka City Hotels PL…

#Economy #SriLanka

Business Recorder

UAE considered leaving OPEC over three years, presidential adviser says

DUBAI: The UAE’s decision to leave OPEC was three years in the making and is based on its view the world is near the “autumn of the hydrocarbon age”, meaning the country needs to maximise oil revenues while it can, a senior adviser to the presiden…

#OPEC #UAE

Business Recorder

Azpilicueta to retire at end of season

Spanish defender Cesar Azpilicueta said on Friday he would retire from professional football at the end of the season, bringing the curtain down on a career spanning two decades. The 36-year-old played for Osasuna, Olympique de Marseille, Chelsea,…

Business Recorder

Guardiola to end decade-long Man City reign at end of season

Pep Guardiola will leave Manchester City at the end of the season after a decade in charge, the club announced on Friday, bringing an end to one of the most successful eras in English soccer and one of the most influential managerial reigns of all…

#PepGuardiola #ManchesterCity

Business Recorder

Copper buoyed by falling LME stocks

LONDON: Copper prices rose on Friday as falling available inventories offset expectations of seasonally muted demand in top metals consumer China and uncertainty around progress in U.S.-Iran peace talks. Three-month copper on the London Metal Exch…

#Copper

Business Recorder

Palm oil closes higher, snap 3 weeks of losses

JAKARTA: Malaysian palm oil futures rose on Friday on some bargain buying after a steep decline following the announcement of a new Indonesian export monitoring system earlier this week. The benchmark palm oil contract for August delivery on the B…

#PalmOil

Business Recorder

Indian Central bank helping hand muscles breathing room for Indian rupee, cools forward premiums

MUMBAI: The Indian rupee rallied to close above the 96-per-dollar mark for the first time in a week on Friday, helped by the central bank’s aggressive interventions to arrest the currency’s slide from 94.50 to nearly 97. The rupee closed at 95.69 …

#IndianRupee

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India steel ministry pushes to end metallurgical coke tariffs, document shows

NEW DELHI: India’s Ministry of Steel has asked the finance ministry to withdraw anti-dumping tariffs on low-ash metallurgical coke imports, citing inadequate domestic supplies and higher prices, according to a government document reviewed by Reute…

#India #Steel

Business Recorder

Alleged drug dealer Anmol alias Pinky sent to jail on judicial remand

During the hearing of various cases against the suspected drug dealer, Anmol alias Pinky, the court rejected the police’s request to extend her physical remand and instead sent the accused to jail on judicial remand, Aaj News reported on Friday. A…

Business Recorder

India’s central bank approves 2.87 trillion Indian rupee surplus transfer to government

MUMBAI: The Reserve Bank of India’s board has approved the transfer of 2.87 trillion rupees ($29.99 billion) as surplus to the federal government for the last fiscal year, it said in a statement on Friday. The surplus transfer is higher than last …

#India