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

Business Recorder

PM Shehbaz approves expansion of ECC membership

Prime Minister Shehbaz Sharif approved on Thursday an increase in the number of members of the Cabinet’s Economic Coordination Committee (ECC). Federal Minister for Education Khalid Maqbool Siddiqui has been included in the ECC as a member. “I am …

#ShehbazSharif #ECC

Business Recorder

Australian dollar dented as soft jobs data pare rate bets

SYDNEY: The Australian dollar slipped on Thursday after a surprisingly soft set of jobs data lengthened the odds on a near-term hike in interest rates, though hopes for some sort of deal in the Gulf provided some support to risk assets. The Aussie…

#Australia #Forex

Business Recorder

Buying rally continues, KSE-100 up 3,000 points in early trade

Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 3,000 points during the opening minutes of trading on Thursday. At 10:10am, the benchmark index was hovering at 167,892.19, up by 3,060.7…

#KSE100 #Economy

Business Recorder

Japan’s Nikkei rallies on fresh optimism over AI, Iran peace talks

TOKYO: Japan’s Nikkei share average climbed more than 3.5% on Thursday, its biggest gain in two weeks, on renewed enthusiasm for technology stocks and easing geopolitical tensions linked to the Iran war. The benchmark Nikkei 225 Index climbed 3.58…

#Nikkei #IranDeal #Economy

Business Recorder

Pakistan, Kenya pledge to double bilateral trade within five years

Reaffirming their commitment to significantly expanding bilateral economic ties, Pakistan and Kenya agreed on Thursday to double the volume of bilateral trade over the next five years. This was vowed during the second session of the Pakistan-Kenya…

#Nairobi #Trade

Business Recorder

China shares edge up on US-Iran peace deal hopes, Nvidia-fuelled chip rally

HONG KONG: China stocks edged higher on Thursday, joining a broader rally in the region, as hopes of a U.S.-Iran peace deal lifted risk appetite, while Nvidia’s stellar earnings boosted chip shares. China’s blue-chip CSI300 index was up 0.6% by th…

#China #Nvidia #IranDeal

Business Recorder

Tehran reviewing latest US response as Trump suggests he can wait

DUBAI/WASHINGTON: Iran said on Thursday it was reviewing Washington’s latest position on ending the war after US President Donald Trump suggested he was prepared to wait a few days to “get the right answers” ​from Tehran but warned of renewed atta…

#Tehran #DonaldTrump #IranUS

Business Recorder

IMF mission ends, FY2027 budget talks to continue ‘in the coming days’

Pakistan and the International Monetary Fund (IMF) will continue discussions on the federal budget for fiscal year 2027 in the coming days, following the conclusion of a staff-level visit in which both sides reviewed recent economic developments, …

#IMF #Budget

Business Recorder

Gold steady as US-Iran deal hopes counter inflation fears

Gold held steady on Thursday , as ‌rising hopes of a U.S.-Iran peace deal countered fears of inflation and higher-for-longer interest rates. Spot gold was down 0.2% at $4,534.69 per ounce, as of 0258 GMT. Bullion gained more than 1% on Wednesday a…

#Gold #IranDeal