» IMF board approves $15.6bn loan for Ukraine
31/03/23 21:49 from Business Recorder - Latest News
WASHINGTON: The executive board of the International Monetary Fund on Friday approved a four-year $15.6 billion financing package for Ukraine to help the country meet urgent funding needs as it continues to defend against Russia’s invasi...
» Govt keeps prices of petrol, diesel unchanged till April 15
31/03/23 21:18 from Business Recorder - Latest News
In a rather short address, Finance Minister Ishaq Dar said the government will keep the prices of petrol and diesel unchanged till April 15. “We were recommended an increase in the prices of petroleum products,” said Dar. “However, Prime...
» Macron to warn China against military backing for Russia
31/03/23 20:32 from Business Recorder - Latest News
PARIS: French President Emmanuel Macron will next week warn Chinese counterpart Xi Jinping that any decision by Beijing to back Russia militarily in Moscow’s war on Ukraine would be disastrous, the French presidency said. “If China took ...
» Ukraine urges UK to deny visas to Russians, Belarusians for Wimbledon
31/03/23 19:57 from Business Recorder - Latest News
KYIV: Ukraine’s foreign minister said on Friday Wimbledon’s decision to let Russian and Belarusian players compete as neutrals was “immoral” and urged Britain to deny them visas. Wimbledon lifts ban on Russian and Belarusian players “Wim...
» Trump lawyer says ex-president will not be handcuffed when he surrenders
31/03/23 19:52 from Business Recorder - Latest News
NEW YORK: Former President Donald Trump will not be handcuffed when he surrenders next week in New York to face criminal charges, under the terms of a deal agreed between his defense attorneys and Manhattan prosecutors, defense lawyer Jo...
» Wall St climbs as inflation data boosts softer Fed policy hopes
31/03/23 19:47 from Business Recorder - Latest News
Wall Street’s main indexes gained on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. The Commerce Department’s report showed the personal consumption ...
» TSX rises as domestic economy outperforms; Rogers slides
31/03/23 19:44 from Business Recorder - Latest News
Canada’s main stock index edged up on Friday as investor sentiment gained steam after data showed the domestic economy grew more than expected in January. Rogers Communications reversed earlier gains and fell 1.0% after its C$20 billion ...
» UAE revokes Russian bank’s licence after US sanctions
31/03/23 19:39 from Business Recorder - Latest News
DUBAI: A Russian bank hit by US sanctions will be forced to cease operations in Abu Dhabi, the United Arab Emirates’ central bank said Friday. MTS Bank, which had earned an Emirati licence last year, was among more than 200 entities and ...
» Stampede during ration distribution in Karachi takes 11 lives
31/03/23 18:41 from Business Recorder - Latest News
A stampede during a ration distribution event in the SITE area of Karachi on Friday killed at least 11 people and left dozens injured, Aaj News reported. The ration distribution was taking place at a cloth dyeing factory near Naurus Chow...
» India slashes current account deficit in Dec-quarter as trade gap narrows
31/03/23 18:24 from Business Recorder - Latest News
MUMBAI: India’s current account deficit shrank more than expected in the October-December quarter on the back of a narrower goods trade deficit alongside robust services exports and remittances, data from the Reserve Bank of India (RBI) ...
» Russia policy calls West ‘existential’ threat: Lavrov
31/03/23 18:14 from Business Recorder - Latest News
MOSCOW: Russian Foreign Minister Sergei Lavrov said Friday that a new foreign policy strategy adopted by President Vladimir Putin identifies the West as posing an “existential” threat to Moscow. The announcement comes as Russia’s relatio...
» Atlas Honda, Yamaha increase motorcycle prices in Pakistan
31/03/23 17:41 from Business Recorder - Latest News
Atlas Honda and Yamaha Motor Pakistan on Friday hiked the prices of their motorcycles owing to issues with opening of letters of credit (LCs). Atlas Honda jacked up prices by Rs5,000-15,000 while Yamaha Motor Pakistan increased rates in ...
» Imran Khan says ready for talks with all stakeholders
31/03/23 19:21 from Business Recorder - Latest News
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Friday he was ready to hold talks with all stakeholders but insisted that no “illegal and unconstitutional demands” will be entertained, Aaj News report...
» India’s forex reserves rise to over eight-month high, stand at $578.78bn
31/03/23 17:22 from Business Recorder - Latest News
MUMBAI: India’s foreign exchange reserves rose for a second straight week and stood at $578.78 billion, highest since early July, as of the week ended March 24, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. T...
» Copper chalks up second quarterly gain as China recovers
31/03/23 17:08 from Business Recorder - Latest News
LONDON: Copper prices fell on Friday but was still up 6.6% over the first quarter as demand in top consumer China recovered from last year’s slump, with many analysts predicting further gains to come. The metal used in electrical wiring ...
» Palm posts weekly gain on supply woes, exports jump
31/03/23 17:05 from Business Recorder - Latest News
JAKARTA: Malaysian palm oil futures dropped on Friday after four days of gains as profit-booking and a stronger ringgit weighed on prices, although the benchmark contract post a weekly rise amid output concerns. The benchmark palm oil co...
» Financials, IT aid Indian shares snap three-month losing streak
31/03/23 17:02 from Business Recorder - Latest News
BENGALURU: Indian shares advanced on Friday, aided by high-weightage information technology (IT) and financials stocks as investors find valuations attractive after a recent correction, ahead of key economic data to gauge the path for fu...
» Spain PM urges Xi to hold talks with Ukraine’s Zelensky
31/03/23 16:53 from Business Recorder - Latest News
BEIJING: Spain’s prime minister said Friday he had urged Chinese President Xi Jinping to speak with his Ukrainian counterpart, as he visits China’s capital for talks aimed at boosting ties between Beijing and Madrid. Speaking at a press ...
» OpenAI’s ChatGPT blocked in Italy: privacy watchdog
31/03/23 16:46 from Business Recorder - Latest News
ROME: Italy’s privacy watchdog said Friday it had blocked the controversial robot ChatGPT, saying the artificial intelligence app did not respect user data and could not verify users’ age. The decision “with immediate effect” will result...
» Wimbledon lifts ban on Russian and Belarusian players
31/03/23 16:39 from Business Recorder - Latest News
LONDON: Russian and Belarusian players will be allowed to compete at Wimbledon this year after organisers announced on Friday they were lifting a ban imposed in 2022. Wimbledon yet to decide on allowing Russian, Belarusian players this y...