Business Recorder

South Korea’s KOSPI jumps 6% after Samsung reaches tentative deal with union

SEOUL: Round-up of South Korean financial markets: South Korean shares climbed more than 6% on Thursday as investors cheered Samsung Electronics’ tentative deal with its union on bonus payouts, averting a strike. The won weakened, while the benchm…

#Samsung #SouthKorea #Economy

Business Recorder

Russia delivers nuclear munitions in Belarus as part of nuclear drills

MOSCOW: Russia delivered nuclear munitions ‌to field storage facilities in Belarus as part of major nuclear drills, the Russian Defence Ministry said on Thursday. The three-day nuclear exercise, which started on Tuesday and is taking place ​across…

#Russia #Belarus #War

Business Recorder

Two dead after drone attack on Syzran in Russia’s Samara region, governor says

Two people were killed in a drone attack on the town of Syzran in Russia’s ​Samara region on the Volga River, the local governor said, ‌while Ukraine also reported two dead as the two sides exchanged attacks overnight. A large oil refinery is loca…

#Russia #Syzran #War

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Thai baht/US dollar weaker on Thursday

BANGKOK: The Thai baht weakened against the US dollar on Thursday. At 0205 GMT, the baht was 0.14% lower at 32.61 versus the dollar, after trading in a range of 32.535 to 32.660. It ended the previous session at 32.565 per dollar, as per LSEG data.

#Thailand #Economy

Business Recorder

Thai Princess Bajrakitiyabha’s condition worsens after multiple infections, royal palace says

BANGKOK: The medical condition of Thai Princess Bajrakitiyabha has worsened as a result of multiple infections in several organs, with physicians unable to contain her irregular heart rate, the Royal Palace said in a statement on Thursday. The 47-…

#Thailand #PrincessBajrakitiyabha

Business Recorder

Yuan hovers near week high on firm fixing, Iran peace hopes

HONG KONG: China’s yuan hovered near a one-week high against the dollar on Thursday, as the central bank set firmer guidance while hopes of a deal to end the Iran war weighed on the safe-haven U.S. currency. The yuan strengthened to as far as 6.79…

#Yuan #Iran #Economy

Business Recorder

Chicago corn falls amid favourable US weather

BEIJING: Chicago corn futures fell on Thursday as beneficial weather in the U.S. Midwest favoured early crop germination and potential yields. Wheat fell, while soybeans were almost flat.

#Chicago #CornPrice

Business Recorder

India bonds reverse gains as report RBI mulling rate hike outweighs external support

MUMBAI: Indian government bonds erased early advances on Thursday, as a report stating that the central bank is mulling a rate hike to control the rupee’s decline overshadowed positive global cues. The benchmark 6.48% 2035 bond yield was at 7.1225…

#India #RBI #Economy

Business Recorder

Palm slips over 1% on soft rival oils, weak exports

KUALA LUMPUR: Malaysian palm oil futures fell more than 1% at the open on Thursday, weighed by weaker rival edible oils and sluggish export demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid…

#PalmOil #Economy

Business Recorder

Australia shares extend gain as surprise decline in April jobs curbs rate-hike bets

The Australian share benchmark extended its advance slightly on Thursday, after local monthly jobs data surprised investors with signs of loosening and curbed expectations of a near-term rate hike, while hopes rose for a U.S.-Iran peace deal. The …

#Australia #Economy