Business Recorder
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Business Recorder
Saudi Arabia appoints Princess Maha to lead Future Investment Initiative Institute
DUBAI: Saudi Arabia’s Future Investment Initiative Institute, which every year hosts an annual summit that draws Wall Street titans to Riyadh, has named Princess Maha Al Saud as its chief executive. Apart from the annual Riyadh event, the initiati…
#SaudiArabia #PrincessMaha
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Business Recorder
Sri Lankan shares close lower on broad-based losses
Sri Lankan shares closed lower on Wednesday, resuming their recent decline after a brief rebound in the previous session, hurt by losses across sectors. The CSE All Share index settled down 0.40% at 21,461.47, giving up part of the previous sessio…
#SriLanka #Economy
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Business Recorder
India’s markets regulator proposes consolidated disclosure of executive pay at asset managers
Indian asset management companies can disclose executive and high-earner pay on a consolidated basis instead of on an individual basis, the country’s markets regulator proposed on Wednesday. The Securities and Exchange Broad of India proposed that…
#India #Economy
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Business Recorder
Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
BRUSSELS: Paramount Skydance Corp’s $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing. The U.S. entertainment giant sought EU …
#Paramount #WarnerBros
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Business Recorder
India bond-tax moves to catalyse foreign debt inflows, bolster bid for global index inclusion
MUMBAI: India’s decision to exempt foreigners from taxes on government bonds and broaden access to the debt market is expected to make the country more attractive to overseas investors, catalyse fresh inflows and strengthen its case for inclusion …
#India #Economy
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Business Recorder
Indian equity benchmarks steady, rise in financials counters Mideast flare-up
Indian share benchmarks were largely unchanged at close on Wednesday, with gains in heavyweight financials offsetting a broader selloff triggered by a renewed escalation of the Middle East conflict. Iran launched missile and drone attacks on U.S. …
#India #Economy
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Business Recorder
Zee Entertainment to raise $241 million for stategic initiatives
Indian television broadcaster Zee Entertainment said on Wednesday it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives. The company, which did not disclose a medium for the raise, said the board will de…
#ZeeEntertainment #Economy
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Business Recorder
Iran war drags India MF equity flows to annual low; gold ETFs see record outflows
India’s equity mutual fund inflows fell to their lowest in a year in May as Iran war-driven market volatility drove away investors while gold ETFs saw record outflows after a call to curb bullion purchases promoted profit taking at all-time high p…
#Geopolitics #Gold #India
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Business Recorder
Only 11% of Europeans view US as ally, survey shows
PARIS: Only 11% of Europeans across 15 countries view the United States as an ally, a historic low and down from 16% half a year ago and 22% in November 2024, according to a survey published by the European Council on Foreign Relations on Wednesda…
#Geopolitics
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Business Recorder
More than 1,300 migrants have died trying to reach the Spanish coast in 2026, says NGO
DAKAR: More than 1,300 migrants have died trying to reach the Spanish coast in the first five months of 2026, according to an advocacy group that tracks crossings from Africa along perilous routes through the Atlantic Ocean and western Mediterrane…
#Spain #MigrantCrisis2026
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