» Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
19/03/26 21:35 from Business Recorder - Latest News
DUBAI/DOHA: Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy’s CEO and state min...
» IMF says prolonged increase in energy prices could boost inflation, lower growth
19/03/26 21:05 from Business Recorder - Latest News
WASHINGTON: The IMF on Thursday said it was closely monitoring developments in the Iran war and the resulting disruptions to energy production, warning that prolonged increases in energy prices could boost inflation and lower growth glob...
» Wall Street bank capital to fall 4.8% under new rules, in win for industry
19/03/26 20:55 from Business Recorder - Latest News
WASHINGTON: Wall Street bank capital would fall 4.8% under softened capital rules bank regulators unveiled on Thursday, freeing up billions of dollars for lending, dividends and share buybacks in a stunning victory for the industry which...
» Iran calls for regional coordination in calls with Pakistan, Turkiye, Egypt
19/03/26 21:16 from Business Recorder - Latest News
DUBAI: Iran’s foreign minister called for vigilance and regional coordination in separate calls with counterparts in Pakistan, Turkiye and Egypt as the military warned of a tougher response to any further attacks on its energy infrastruc...
» Foreign selloff in financials hammers India’s Nifty 50 to worst fortnight since COVID-19 crash
19/03/26 20:19 from Business Recorder - Latest News
Foreign selling in Indian equities surged in the first half of March, led by financials, marking the heaviest fortnightly selling in 17 months and dragging the Nifty 50 to its worst fortnight since the COVID-19-led rout in March 2020. ...
» India’s HDFC Bank says chairman exit may be over rift with management; stock falls
19/03/26 20:11 from Business Recorder - Latest News
India’s largest private lender said on Thursday the abrupt exit of its chairman could be due to a rift between him and the management team, adding there were no material issues at the bank. Shares of HDFC Bank fell as much as 8.7% on Th...
» India weighs rule to maximise output at imported-coal plants, sources say
19/03/26 20:02 from Business Recorder - Latest News
NEW DELHI: India is weighing the use of an emergency clause that would force coal power plants that run on imported coal to maximise output ahead of the summer season, as the U.S.-Israeli war on Iran has hit gas supplies, three industry ...
» Pakistan govt doubles EFS utilisation period to 18 months
19/03/26 20:18 from Business Recorder - Latest News
Pakistan government increased on Thursday the utilisation period under the Export Facilitation Scheme (EFS) from 9 to 18 months. Minister of State for Finance Bilal Azhar Kayani announced the development in a post on X. “This essentially...
» India’s largest asset manager SBI Funds Management files for IPO
19/03/26 19:55 from Business Recorder - Latest News
India’s largest asset manager SBI Funds Management filed for an initial public offering, where its existing investors State Bank of India and Amundi will together offload a 10% stake, its draft prospectus showed on Thursday. In their sec...
» Energy prices soar, Iran and US trade threats after Qatar gas hit
19/03/26 19:02 from Business Recorder - Latest News
DOHA: Oil and gas prices soared Thursday after Iran hit the world’s largest liquefied natural gas (LNG) facility in Qatar and threatened to destroy the region’s energy infrastructure, while Donald Trump warned of a furious US response if...
» SBP-held foreign reserves rise $13mn to $16.35bn
19/03/26 17:46 from Business Recorder - Latest News
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $13 million to $16.35 billion during the week ended March 13, according to data released by the central bank on Thursday. The SBP said the country...
» Iran arrests 97 people accused of working with Israel, state media reports
19/03/26 17:46 from Business Recorder - Latest News
DUBAI: Iran’s intelligence ministry has arrested 97 people for being “soldiers of Israel”, state media reported on Thursday, in the latest round of a security sweep that has seen hundreds detained over alleged linked to Israel and the U....
» Sri Lankan shares close lower, broad losses weigh
19/03/26 17:35 from Business Recorder - Latest News
Sri Lankan shares closed lower on Thursday, dragged by broad-based losses amid escalation in the Middle East war. The CSE All-Share index settled 1.82% lower at 20,264.01 points. Real estate shares dropped 3.28%, industrials lost 3.19%. ...
» Iran slams France’s Marcon over Mideast war stance
19/03/26 19:06 from Business Recorder - Latest News
TEHRAN: Iran’s Foreign Minister Abbas Araghchi on Thursday criticised French President Emmanuel Macron, accusing him of failing to condemn Israel and the United States’ war with the Islamic republic, while voicing concern over Tehran’s r...
» Russia to supply energy with mutually acceptable payment practices, Sorokin says
19/03/26 17:27 from Business Recorder - Latest News
NEW DELHI: Russia will continue to supply energy at market prices without any consideration for Western sanctions and will offer mutually acceptable payment practices, Russian Deputy Energy Minister Pavel Sorokin told Reuters on Thursday...
» Oman foreign minister slams US war on Iran, blames Israel
19/03/26 19:04 from Business Recorder - Latest News
PARIS: A negotiated deal between the United States and Iran to avert war “appeared really possible”, Oman’s foreign minister who mediated talks between the two sides said in an article published on Thursday, while blaming Israel for the ...
» India in talks with Russia, Belarus, Morocco to boost fertiliser imports, sources say
19/03/26 17:21 from Business Recorder - Latest News
MUMBAI/NEW DELHI: India, a leading importer of fertilisers, is in talks to increase purchases from Russia, Belarus and Morocco as Middle East tensions and China’s export curbs risk tightening supplies ahead of the summer planting season,...
» India’s auto boom at risk as Iran-Israel war chokes gas supplies, straining supply chains
19/03/26 17:16 from Business Recorder - Latest News
NEW DELHI: India’s automakers and parts suppliers are bracing for production slowdowns and assembly-line disruptions as the Iran conflict chokes gas availability, threatening growth in the world’s third-largest car market. Some parts sup...
» Copper hits weakest in three months as oil jumps, inventories rise
19/03/26 17:09 from Business Recorder - Latest News
LONDON: Copper prices sunk to a three-month low on Thursday on worries that surging oil prices will hit global growth at the same time the market is swamped with plentiful inventories. Benchmark three-month copper on the London Metal Exc...
» Palm closes more than 1% higher, logs third week of gains
19/03/26 17:06 from Business Recorder - Latest News
KUALA LUMPUR: Malaysian palm oil futures settled more than 1% higher on Thursday, extending gains to a third consecutive week, as firmer Dalian oils supported the market, while profit-taking limited gains in a holiday truncated week. The...