Business Recorder

Power outages recorded in Ukraine’s Russia-controlled Zaporizhzhia region, media say

TOKYO: The Russia-controlled part of Ukraine’s Zaporizhzhia region was experiencing emergency power blackouts on Friday, Russia-installed governor Yevgeny Balitsky was quoted as saying by the Kommersant newspaper. However, critical infrastructure …

#US

Business Recorder

China stocks rebound but set for second week of losses; Hong Kong shares up

SHANGHAI: China stocks bounced on Friday but were on track to fall for two weeks in a row as soaring tech shares face growing profit-taking pressure. The Hong Kong market rose as Lenovo Group’s forecast-smashing results boosted sentiment. China’s …

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Business Recorder

Gael Monfils warms up for final French Open with star-studded farewell party

PARIS: Gael Monfils brought the party to Roland Garros on Thursday, teaming up with his wife Elina Svitolina to win a lively, star-studded exhibition match as he prepared for his final appearance at his home Grand Slam. The popular Frenchman took …

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Business Recorder

Indonesia’s rupiah trades near record low, commodity policy fears hammer Jakarta stocks

Indonesia’s rupiah hovered near record lows on Friday and Jakarta stocks were set for their worst week since the onset of the COVID-19 pandemic, as investors remained wary of the country’s policy direction after an outsized interest rate hike. The…

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Business Recorder

Buying continues at bourse, KSE-100 gains over 500 points

Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Friday. At 9:35am, the benchmark index was hovering at 169,047.83, up by 533.39 point…

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Business Recorder

Indian shares set for muted start as focus remains on US-Iran talks

Indian shares are likely to open little changed on Friday as oil prices hover around $105 per barrel, with investors awaiting progress in peace talks between the ​US and Iran. The two sides stuck to opposing stances on Thursday over Tehran’s urani…

#India #iranuswar #US

Business Recorder

Indian rupee RBI-spurred relief rally to fade on Asia FX weakness, hedging

MUMBAI: The Indian rupee is poised to weaken at Friday’s open, mirroring declines in Asian peers and showing little follow-through to ​the central bank’s intervention-driven rally. The rupee is seen opening near ‌96.30 to the US dollar on Friday, …

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Business Recorder

Stocks rise, dollar at six-week high as focus remains on US-Iran talks

SINGAPORE: Asian stocks rose on Friday while the U.S. dollar sat near six- week ​highs and oil prices were whipsawed as investors held on to hopes of a breakthrough in ‌US-Iran peace talks although both sides remained at odds over key issues. The …

#StockMarket #US #Iran #Economy

Business Recorder

Gold set for weekly loss on stronger dollar, rate-hike bets

Gold edged lower on Friday and was headed for ‌its second consecutive weekly loss, pressured by a stronger dollar and higher oil prices that boosted expectations of interest rate hikes by the U.S. Federal Reserve. Spot gold was down 0.4% at $4,522…

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Business Recorder

Dollar perched near six-week high on uncertainty over US-Iran deal

SINGAPORE: The dollar held near a six-week top on Friday , after a volatile ​overnight session on conflicting signals over a US-Iran peace deal, though investors latched on to hopes of some progress. Washington and ‌Tehran stuck to opposing stance…

#DollarRate #US #Iran #Economy