» Most Gulf markets up in early trade; Fed decision in focus
29/04/24 15:11 from Business Recorder - Latest News
Most stock markets in the Gulf were up in early trade on Monday on strong corporate earnings while investors keenly awaited the US Federal Reserve’s policy meeting this week for further cues on its interest rate trajectory. Saudi Arabia’...
» Two people die in southern India as heatwave scorches region
29/04/24 15:08 from Business Recorder - Latest News
THIRUVANANTHAPURAM: At least two people have died in India’s southern state of Kerala of suspected heat stroke, media reported on Monday, as the country battles a sweltering summer that has seen temperatures soar to record levels. A 90-y...
» Algeria tenders for 160,000 T corn and 70,000 T soymeal
29/04/24 15:05 from Business Recorder - Latest News
HAMBURG: Algerian state agency ONAB has issued international tenders to purchase up to 160,000 metric tons of animal feed corn and 70,000 tons of soymeal, European traders said on Monday. The deadline for submissions of price offers is T...
» Saudi Arabia may raise prices for most oil grades to Asia for June
29/04/24 15:02 from Business Recorder - Latest News
SINGAPORE: Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to their highest levels in five months after Middle East benchmarks strengthened this month, trade sources said on Monday. Th...
» Ugandan shilling stable, draws support from commodity exports
29/04/24 14:46 from Business Recorder - Latest News
KAMPALA: The Ugandan shilling was unchanged on Monday, as dollar inflows from exporters of commodities like coffee and gold provided support, traders said. Ugandan shilling little-changed, expected to firm At 0910 GMT, commercial banks q...
» Audio leaks’ case: IHC’s Justice Babar Sattar rejects petitions seeking his recusal
29/04/24 14:35 from Business Recorder - Latest News
Islamabad High Court’s (IHC) Justice Babar Sattar dismissed on Monday pleas filed by the Pakistan Electronic Media Regulatory Authority (PEMRA), the Federal Investigation Agency (FIA) and the Pakistan Telecommunication Authority (PTA...
» Gold price per tola decreases Rs500 in Pakistan
29/04/24 14:59 from Business Recorder - Latest News
Gold prices decreased in Pakistan on Monday in line with the decline in the international rate. In the local market, gold price per tola reached Rs243,900 after a single-day fall of Rs500. The 10-gram gold was sold at Rs209,105 after a d...
» Start me up: The Stones kick off North America tour in Houston
29/04/24 13:45 from Business Recorder - Latest News
HOUSTON: The Rolling Stones kicked off their North America tour at a packed venue in Houston on Sunday, with people traveling from various cities to watch one of the world’s most enduring rock bands amid worries that this could be their ...
» India is not an autocracy, insists PM Modi
29/04/24 13:42 from Business Recorder - Latest News
NEW DELHI: Indian Prime Minister Narendra Modi denied Monday that his country was sliding towards autocracy, following accusations that his government orchestrated criminal probes to weaken rivals ahead of an ongoing general election. Mo...
» As tourists move in, Italians are squeezed out on holiday island of Capri
29/04/24 13:38 from Business Recorder - Latest News
CAPRI, Italy: Famed for its blue seas, breathtaking views and cove-studded coastline, the Mediterranean island of Capri has been a tourist haven since the early years of the Roman empire. Unlike in the imperial heyday, when emperors made...
» South African rand firms ahead of local economic data, FOMC
29/04/24 13:36 from Business Recorder - Latest News
JOHANNESBURG: South Africa’s rand firmed early on Monday ahead of local economic data releases and the Federal Reserve’s policy review later in the week. At 0726 GMT, the rand traded at 18.7525 against the dollar, 0.29% stronger than its...
» FTSE 100 continues record run boosted by Anglo American, AstraZeneca
29/04/24 13:35 from Business Recorder - Latest News
Britain’s FTSE 100 extended a record rally on Monday, driven by gains in Anglo American after a report said BHP Group was considering a better buyout proposal and AstraZeneca after it reported progress in some treatments. The blue-chip F...
» China’s Xi to visit France, Serbia and Hungary May 5-10, foreign ministry says
29/04/24 13:32 from Business Recorder - Latest News
BEIJING: Chinese President Xi Jinping will visit France, Serbia and Hungary from May 5-10, a spokesperson for China’s foreign ministry announced on Monday. Bilateral relations with France have maintained sound growth momentum, and both c...
» European shares touch two-week high; inflation data, Fed policy in focus
29/04/24 13:30 from Business Recorder - Latest News
European shares climbed to a two-week high on Monday, extending strong gains from last week, with investors awaiting economic data and the Federal Reserve’s policy decision, while Deutsche Bank dropped on a provision for Postbank litigat...
» Euro zone government bond yields edge down ahead of inflation data, Fed
29/04/24 13:28 from Business Recorder - Latest News
Euro zone government bond yields edged down on Monday, with investors cautious ahead of the Federal Reserve policy meeting and the bloc’s inflation data, after scaling back bets on future European Central Bank rate cuts last week. The eu...
» KSE-100 falls near 71,600 as market sees ‘hold’ in monetary policy announcement today
29/04/24 15:21 from Business Recorder - Latest News
Heavy selling pressure was witnessed at the Pakistan Stock Exchange (PSX) during trading on Monday amid uncertainty among investors over the Monetary Policy Committee (MPC) decision regarding the policy rate to be announced later in the ...
» Israel kills at least 20 Palestinians in Rafah, new Gaza ceasefire talks expected in Cairo
29/04/24 15:30 from Business Recorder - Latest News
CAIRO: Israeli airstrikes on three houses in the southern Gaza city of Rafah killed at least another 20 Palestinians and wounded many others, medics said on Monday, as Egyptian and Qatari mediators were expected to hold a new round of ce...
» Philip Morris faces key test with US heated tobacco push
29/04/24 12:56 from Business Recorder - Latest News
LONDON: Philip Morris International’s goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. The world’s biggest tobacco compa...
» Shell earns $1 billion a year from US crude trading, court filing shows
29/04/24 12:50 from Business Recorder - Latest News
HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its US crude trading regularly earns around $1 b...
» After title win, Mbappe and PSG have sights set on treble
29/04/24 12:34 from Business Recorder - Latest News
PARIS: Paris Saint-Germain are hoping their latest Ligue 1 title, secured on Sunday with three games to spare, will be just the first leg of a historic treble with a Champions League semi-final to come and the French Cup final to look fo...