» India’s women strike cricket gold on debut at Asian Games
25/09/23 16:24 from Business Recorder - Latest News
HANGZHOU: India struck gold on their Asian Games cricket debut when they beat Sri Lanka by 19 runs in the women’s final in Hangzhou on Monday. They had declined to enter any teams on the two previous occasions cricket had been played at ...
» National Refinery initiates production, supply of bunker fuel
25/09/23 16:03 from Business Recorder - Latest News
National Refinery Limited (NRL), the country’s only lube refinery, has commenced the production and supply of very low sulphur furnace oil (VLSFO), also called ‘bunker fuel’. The company shared the development in its notice to the Pakist...
» Kremlin says not to blame for Karabakh, regards Armenia as ally
25/09/23 15:10 from Business Recorder - Latest News
MOSCOW: Russia considers Armenia its ally and remains in contact with its leadership, but rejects Yerevan’s attempts to blame Moscow for the situation in Nagorno-Karabakh, Kremlin spokesman Dmitry Peskov said on Monday. Russia will work ...
» Hong Kong crypto firm hit by $200 million hack
25/09/23 15:08 from Business Recorder - Latest News
LONDON: Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday. Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network’s cloud...
» Russia ‘closely monitoring’ tense situation in Kosovo: Kremlin
25/09/23 15:05 from Business Recorder - Latest News
MOSCOW: The Kremlin said on Monday it was closely monitoring what it called a “potentially dangerous” situation in Kosovo, where ethnic Serb gunmen stormed a village at the weekend, battling police and barricading themselves into a monas...
» India’s monsoon starts delayed retreat
25/09/23 15:03 from Business Recorder - Latest News
MUMBAI: India’s monsoon rains started withdrawing from the northwest of the country on Monday, more than a week later than normal, the state-run India Meteorological Department (IMD) said in a statement. The monsoon, the lifeblood of Ind...
» Pochettino says Chelsea must ‘grow up like a team’
25/09/23 14:57 from Business Recorder - Latest News
Chelsea’s poor start to the Premier League season continued with a 1-0 home defeat by Aston Villa on Sunday and manager Mauricio Pochettino said they must “grow up like a team”. The Argentine’s expensively assembled side have not scored ...
» 16 killed in accident at state-owned coal mine in China’s Guizhou province
25/09/23 14:55 from Business Recorder - Latest News
BEIJING: Sixteen people were killed in a coal mine accident in Panzhou city in southwestern China’s Guizhou province on Sunday, according to a filing by the mine’s owner, Guizhou Panjiang Refined Coal Co, with the Shanghai Stock Exchange...
» UK stocks kick off week lower, Entain drops to over one-year low
25/09/23 14:51 from Business Recorder - Latest News
UK stocks opened lower on Monday, in a grim start to the last week of the quarter, while Ladbrokes owner Entain tumbled to over a year’s low after issuing a warning about its online gaming sales. Entain slipped 4.5% after saying it expec...
» ECB needs to be cautious about doing too much on rates: Villeroy
25/09/23 14:49 from Business Recorder - Latest News
PARIS: The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the economy, ECB policymaker Francois Villeroy de Galhau said on Monday. The EC...
» Russian rouble hovers near 96 vs dollar
25/09/23 14:47 from Business Recorder - Latest News
The rouble hovered close to 96 to the dollar on Monday, trading in a relatively narrow range and supported by high oil prices after the Russian government announced new rouble-linked export duties and temporarily banned some fuel exports...
» Morocco targets 2mn T of wheat imports in October-December
25/09/23 14:40 from Business Recorder - Latest News
PARIS/RABAT: Morocco will offer subsidies to import up to 2 million metric tons of soft wheat between Oct. 1 and Dec. 31, state grains agency ONICL said, as the North African country pursues a large import programme. Wheat eases; dryness...
» Sustainable fuel targets will be challenge for aviation industry
25/09/23 14:36 from Business Recorder - Latest News
BERLIN: It will be a challenge for companies to meet the European Union’s new targets for the use of sustainable aviation fuels, or SAFs, German Chancellor Olaf Scholz said at an industry conference on Monday. “We have committed ourselve...
» OpenAI CEO says possible to get regulation wrong, but should not fear it
25/09/23 14:34 from Business Recorder - Latest News
TAIPEI: The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries...
» Huawei starts product launch event by thanking China for its support
25/09/23 14:33 from Business Recorder - Latest News
BEIJING/SHANGHAI: Huawei Technologies kicked off a product launch event on Monday by thanking China for its support amid expectations the tech giant, hit by US restrictions, would later reveal more details on its new Mate 60 smartphone s...
» IMF mission starts second review of Ukraine programme
25/09/23 14:31 from Business Recorder - Latest News
KYIV: An International Monetary Fund monitoring mission started work on Monday on the second review of a $15.6 billion multi-year loan program for Ukraine. Vahram Stepanyan, IMF’s resident representative, said in a statement that the dis...
» Inflation expected to cross 30% in Sept amid spike in POL rates: brokerage house
25/09/23 14:32 from Business Recorder - Latest News
Headline inflation is expected to cross the 30% level in September, significantly higher than the 27.8% recorded in August, brokerage house JS Global has said. “A lower base set in Sep-2022 may bring a blip in Sep-2023 CPI reading, proje...
» BOJ chief warns of highly uncertain wage, price outlook
25/09/23 14:13 from Business Recorder - Latest News
OSAKA: Bank of Japan Governor Kazuo Ueda said there was “very high uncertainty” over whether companies would continue raising prices and wages, stressing anew the bank’s resolve to maintain ultra-loose monetary policy. He also offered a ...
» German 10-year bond yield hits 12-year high as traders await inflation data
25/09/23 14:12 from Business Recorder - Latest News
LONDON: Euro zone bond yields rose on Monday - with Germany’s 10-year yield hitting its highest since 2011 - as investors looked towards inflation data later this week which will influence European Central Bank decision-making. Yields ex...
» ‘Pre-election rally’: PSX has potential to reach near 50,000, says brokerage house
25/09/23 15:33 from Business Recorder - Latest News
The Pakistan stock market can potentially come close to the 50,000 level near the general elections, assuming there is a “smooth election process” and the International Monetary Fund (IMF) approves the next tranche of the Stand-By Arrang...