Business Recorder

Indian rupee slumps as elevated crude, Treasury yields support dollar

MUMBAI: The Indian rupee reversed nearly all of the previous session’s rally on Monday, pressured by rising oil prices, fragile risk appetite and patchy corporate flows. A raft of measures aimed at supporting the currency battered by the impact of…

#IndianRupee #CrudeOil #Dollar

Business Recorder

Pakistan, Mauritius eye to enhance bilateral trade

Pakistan and Mauritius have reaffirmed their commitment to strengthening bilateral trade and investment ties, as officials from both countries discussed avenues for deeper economic cooperation during a meeting on Monday. Coordinator to the Prime M…

#Pakistan #Mauritius

Business Recorder

‘Schmigadoon!’ wins best musical on Broadway’s biggest night

NEW YORK: “Schmigadoon!” won the Tony Award for best musical on Sunday, while more socially driven works dominated other top categories, with “Liberation” taking best play, “Ragtime” best musical revival and John Lithgow best leading actor for “Gi…

#Broadway #Musical

Business Recorder

India detains and deports 5,000 Bangladeshis

KOLKATA: India has deported nearly 5,000 Bangladeshi citizens since Prime Minister Narendra Modi’s Hindu-nationalist party swept to power in West Bengal last month, according to official statistics. Modi’s Bharatiya Janata Party (BJP) won a sweepi…

#India #Bangladesh #Deportation

Business Recorder

Perez re-elected at Real Madrid paving way for Mourinho return

MADRID: Florentino Perez has been re-elected president of Real Madrid by an overwhelming majority, paving the way for Jose Mourinho to return as manager. The 79-year-old Perez, president for 23 years across two spells, took 65 percent of the votes…

#RealMadrid #FlorentinoPerez #JoseMourinho

Business Recorder

Outclassed Afghanistan 98-5 as India close in on innings win

India left an outclassed Afghanistan reeling at 98-5 to close in on a thumping innings victory after debutant spinner Manav Suthar claimed six wickets in the one-off Test on Monday. After forcing the visitors to follow on, Indian spinner Washingto…

#India #Afghanistan #Cricket

Business Recorder

Japan rubber futures decline on higher natural, synthetic supply prospects

Japanese rubber futures declined on Monday as expectations of higher natural and synthetic rubber supply, along with elevated inventories in top consumer China, weighed on prices across exchanges. The Osaka Exchange (OSE) rubber contract for Novem…

#Japan #RubberMarket

Business Recorder

Japanese government bond yields rise as Gulf flare-up stokes inflation concerns

TOKYO: Japanese government bond (JGB) yields rose on Monday as inflation concerns and hawkish Bank of Japan (BOJ) signals continued to weigh on sentiment. The yield on the 10-year JGB climbed 5 basis points (bps) to 2.715%, marking its highest clo…

#Japan #GulfCountries

Business Recorder

UN urges Afghan Taliban to end arrests of women over dress rules

KABUL: The United Nations mission in Afghanistan has expressed concern over the arrest and detention of women in a western province for allegedly failing to comply with “dress requirements” and urged Taliban authorities to treat all people equally…

#Taliban #UN

Business Recorder

Israel hits Iran petrochemical plant in new strikes after Trump reprimand

JERUSALEM/DUBAI/NEW BRUNSWICK, NEW JERSEY: Israel said on Monday it hit a petrochemical plant in Iran’s southwest, along with strikes elsewhere on military targets, after U.S. President Donald Trump reportedly told Israeli Prime Minister Benjamin …

#Israel #DonaldTrump