Business Recorder

India bonds seen choppy as market eyes debt sale amid rate hike fears; RBI dividend to support

MUMBAI: Indian government bonds are set for a choppy trading session on Friday as a fresh debt supply and concerns of rate hikes will be in focus, but rising bets of a record surplus transfer from the central bank will limit any major selloff. The…

#India #Economy

Business Recorder

China’s Foreign Minister met Moldova’s Deputy Prime Minister in Beijing

BEIJING: China’s Foreign Minister Wang Yi met on Thursday with Moldova’s Deputy Prime Minister and Foreign Minister Mihai Popsoi in Beijing, according to a statement released by his ministry on Friday. “He called on both sides to expand economic a…

#China #Moldova

Business Recorder

Lucky Motors Corporation brings China’s GAC Motor EVs to Pakistan

Lucky Motors Corporation, a Pakistani automobile manufacturer and distributor, officially launched China’s GAC Motor in Pakistan, marking a significant development in the country’s automotive industry as the market welcomes electric vehicles (EVs)…

#LuckyMotors #GACMotor #ElectricVehicles

Business Recorder

Uruguay’s Bielsa says his job ends ‘with the World Cup’

Marcelo Bielsa hinted on Thursday that he may not remain as manager of Uruguay beyond July, saying that his job with the team ends with the World Cup. “Our job ends with the World Cup,” Bielsa said at an event organised by the Uruguayan Football A…

#MarceloBielsa #Uruguay #WorldCup

Business Recorder

Australia shares extend gains on Middle East peace hopes

Australian shares extended their gains into a second straight session on Friday, with most sectors trading in positive territory, as hopes for progress in a potential US-Iran peace deal improved investor optimism. The S&P/ASX 200 index rose 0.5% t…

#Australia #StockMarket #MiddleEast

Business Recorder

Australia, NZ dollars slip on mixed signals over Gulf peace deal

SYDNEY: The Australian and New Zealand dollars slipped on Friday as investors digested conflicting signals on a peace deal in the Gulf, which failed to offer clarity on when the Strait of Hormuz might reopen. The Aussie slipped 0.1% to $0.7141, ha…

#Australia #NewZealand #CurrencyExchange

Business Recorder

Iron ore set for second weekly loss on higher supply, concerns over demand

BEIJING: Iron ore prices started on a wobbly footing on Friday, poised for a second straight weekly decline amid prospects of rising supply and seasonally weakening demand, but resilient near-term consumption in top buyer China curbed broad losses…

#IronOre #SupplyChain

Business Recorder

Japan AI shares follow US peers higher, driving Nikkei toward record high

TOKYO: Japan’s Nikkei share average soared more than 2% on Friday, bringing it close to last week’s record peak, as AI shares rallied on the back of gains for US peers. The Nikkei climbed 2.4% to 63,127.44 late in the morning session, putting it w…

#JapanAI #Nikkei

Business Recorder

China’s yuan weakens slightly against dollar as US-Iran talk in focus

SHANGHAI: China’s yuan weakened slightly against the dollar on Friday as traders keep their eyes on US-Iran talks and war-triggered inflation worries that pushed up US yields. In the near term, analysts expect the yuan to fluctuate against the gre…

#ChinaYuan #USIran

Business Recorder

SBP to remain closed on Eid-ul-Azha

The State Bank of Pakistan (SBP) announced on Friday a three-day holiday on account of Eid-ul- Azha. As per a statement, the SBP will remain closed from May 26th to May 28th (Tuesday to Thursday), being public holidays on the occasion of Eid-ul-Az…

#SBP #EidAlAdha