Business Recorder

Trump vows US will retrieve uranium from Iran

WASHINGTON: President Donald Trump vowed on Thursday that the United States will eventually recover Iran’s stockpile of highly enriched uranium despite comments from Iran that it will not hand over the material. “We will get it. We don’t need it, …

#DonaldTrump #Iran #Uranium

Business Recorder

Pakistan, Germany sign €40.5mn deal for climate, energy, and social projects

Pakistan and Germany signed on Thursday a technical cooperation agreement worth €40.5 million for the implementation of 9 projects of technical development, the Economic Affairs Division (EAD) said in a statement. The agreement aims at strengtheni…

#Germany #EnergyCrisis #Economy

Business Recorder

Pakistan announce squad for FIH Pro League matches in Belgium, England

The Pakistan Hockey Federation on Thursday announced a 20-member national squad for the upcoming FIH Pro League matches in Belgium and England. According to the Pakistan Sports Board (PSB), the squad was selected on the recommendations of the Nati…

#FIHProLeague #Belgium #England

Business Recorder

10th IPO of the year: Sitara Petroleum Service Limited listed on PSX

Sitara Petroleum Service Limited has been listed on the Pakistan Stock Exchange (PSX) after completing its initial public offering (IPO), the PSX said on Thursday. According to a press release, the IPO raised Rs4.8 billion through pre-IPO and IPO …

#SitaraPetroleum #PSX #Economy

Business Recorder

Gulf shares rise on Iran deal hopes, firmer oil prices

BENGALURU: Gulf stock markets rebounded on Thursday, as expectations that the U.S. was nearing a deal with Iran to end the Middle East war and firmer oil prices lifted investor sentiment. Oil prices rose 2% after Reuters reported that Iran’s Supre…

#OilPrices #GulfShares #Economy

Business Recorder

Wall St slips as oil jumps on renewed Mideast concerns

Wall Street’s main indexes fell on Thursday as oil prices surged following a Reuters report that Iran’s Supreme Leader Ayatollah Mojtaba Khamenei ordered the country’s near-weapons-grade uranium not to be sent abroad, dimming hopes for progress in…

#Economy #MiddleEast

Business Recorder

Indian bulk buyers shift to retail pumps for cheaper diesel, straining supplies

NEW DELHI: Industrial customers in India are increasingly buying diesel from cheaper retail outlets of state-run companies rather than the usual bulk supply points, causing shortages at the pumps in some areas, a government official said. Diesel s…

#DieselPrices #Economy

Business Recorder

India’s markets regulator proposes changes to price discovery rules for IPO listing

India’s markets regulator on Thursday proposed changes to the price discovery mechanism for shares that are making their trading debut, aiming to address concerns over suppressed pricing during pre-open trade. The Securities and Exchange Board of …

#IPO #Economy

Business Recorder

Asia rice: India, Vietnam see rise in export rates as demand firms

Indian and Vietnamese rice export prices edged higher this week on a slight improvement in demand, while Thai traders attributed their country’s rise in export rates to pre-arranged sales and internal factors. India’s 5% broken parboiled variety w…

#RiceExports #Economy

Business Recorder

India bonds end volatile session lower as rate hike bets rise

MUMBAI: Indian bonds fell at the end of a volatile session on Thursday, after a media report that the central bank is weighing interest rate hikes to support the rupee raised bets of policy tightening, eclipsing softer oil prices and liquidity sup…

#India #Bonds #Economy