» Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
26/11/25 18:40 from Business Recorder - Latest News
NEW DELHI: A Western-sanctioned vessel with Russian oil destined for Indian Oil Corp has had discharge of the cargo delayed at a port in eastern India due to a hold-up in online verification of insurance cover provided by a Russian insur...
» Most Gulf markets retreat on weak oil prices
26/11/25 18:37 from Business Recorder - Latest News
Most stock markets in the Gulf ended lower on Wednesday, as easing oil prices weighed on sentiment, though losses were capped by growing expectations of a U.S. Federal Reserve rate cut in December. Crude prices, a catalyst for the Gulf’s...
» Abu Dhabi’s GSU to launch $1 billion energy projects in Yemen
26/11/25 18:20 from Business Recorder - Latest News
The United Arab Emirates on Wednesday announced it will launch energy projects worth $1 billion in Yemen to support the rebuilding of its energy sectors, which will be implemented by Abu Dhabi firm Global South Utilities (GSU). The agree...
» India says examining Bangladesh request for Hasina’s extradition
26/11/25 18:11 from Business Recorder - Latest News
India is examining a request from Bangladesh for the extradition of the country’s former Prime Minister Sheikh Hasina, the Indian foreign ministry spokesperson said on Wednesday. The request - first made in December and reiterated this m...
» Russia welcomes ‘aspects’ of new US plan to end Ukraine war
26/11/25 18:10 from Business Recorder - Latest News
MOSCOW: Russia has seen the latest copy of a draft US plan to end the Ukraine war and views some of it positively, but wants a discussion about the other parts, the Kremlin said Wednesday. In comments to a Russian state TV reporter, Krem...
» Pakistan voices concern over UN report on human rights violations in occupied Kashmir
26/11/25 17:34 from Business Recorder - Latest News
Pakistan expressed on Wednesday “grave concern” over a United Nations (UN) report that observed human rights violations in Indian Illegally Occupied Jammu and Kashmir (IIOJK). The report, issued on November 24, underscored human rights v...
» India approves $816mn rare earth permanent magnets manufacturing programme
26/11/25 17:23 from Business Recorder - Latest News
NEW DELHI: India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing programme, the information minister said on Wednesday, in an effort to cut reliance on imports for the elements critical to ...
» Copper breaks above $11,000 on increased likelihood of US rate cut
26/11/25 17:14 from Business Recorder - Latest News
LONDON: Copper prices rose to their highest in almost a month on Wednesday on growing expectations that the U.S. Federal Reserve will cut interest rates in December and that prices will rise further after outflows to U.S. stocks. Benchma...
» EU will back Ukraine ‘every step of way’ until peace: von der Leyen
26/11/25 17:12 from Business Recorder - Latest News
STRASBOURG: EU chief Ursula von der Leyen vowed Wednesday that Europe would keep supporting Ukraine and pressuring Russia until a “just and lasting peace”, calling a revised US plan a “starting point” to end the war. “I want to be clear ...
» Sri Lanka shares end muted after central bank holds rates as expected
26/11/25 17:09 from Business Recorder - Latest News
Sri Lankan shares closed little changed on Wednesday, after the country’s central bank held interest rates steady in a widely anticipated move. The CSE All Share index settled at 22,844.23, up 0.1%. The Central Bank of Sri Lanka kept its...
» Israel returns 15 Palestinian bodies to Gaza: health ministry in Hamas-run territory
26/11/25 17:07 from Business Recorder - Latest News
GAZA CITY: The health ministry in Hamas-run Gaza said Israel returned the bodies of 15 Palestinian prisoners on Wednesday under the US-brokered ceasefire exchange deal. “The Ministry of Health announces the receipt of 15 bodies of martyr...
» Allianz to cut up to 1,800 jobs due to AI advances, says source
26/11/25 17:06 from Business Recorder - Latest News
MUNICH: German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial intelligence increasingly replaces manual processes, a source familiar with the plans told Reute...
» Rate cuts, tax breaks could lift India’s Nifty 50 to 30,000 by end-2026, J.P. Morgan says
26/11/25 17:02 from Business Recorder - Latest News
India’s benchmark Nifty 50 index could climb to 30,000 by end-2026, implying an upside of about 15% from current levels, supported by steady fiscal and monetary policy that are expected to fuel demand, J.P. Morgan said on Wednesday. The ...
» Sudan army chief calls on Trump to end country’s war
26/11/25 17:00 from Business Recorder - Latest News
PORT SUDAN: Sudan’s army chief Abdel Fattah al-Burhan, at war with a rival paramilitary group since April 2023, called on US President Donald Trump on Wednesday to bring peace. “The Sudanese people now look to Washington to take the next...
» India’s benchmark bond scales two-week high on rate-cut wagers
26/11/25 16:59 from Business Recorder - Latest News
MUMBAI: India’s benchmark government bond hit a two-week high on Wednesday on growing conviction that the central bank will cut rates at its policy meeting next week. Bonds have risen for three straight sessions on buying after Reserve B...
» Unions protest at rollout of India’s new labour codes
26/11/25 16:56 from Business Recorder - Latest News
KOCHI/BHUBANESWAR/NEW DELHI: Indian trade unions held protests across the country on Wednesday as workers staged marches and meetings against four new labour codes , which the government says are the biggest overhaul of workplace rules i...
» India’s power regulator mulls auctioning unused grid slots as renewable projects stall
26/11/25 16:50 from Business Recorder - Latest News
NEW DELHI: India’s power regulator is considering auctioning transmission connectivity that has been lying idle because renewable energy developers failed to sign power purchase agreements, according to a staff paper uploaded on the webs...
» Palm snaps four-day losing streak on Chicago soyoil strength
26/11/25 16:45 from Business Recorder - Latest News
JAKARTA: Malaysian palm oil futures recovered on Wednesday after four straight sessions of losses, with stronger Chicago soyoil and Dalian palm oil prices lending support to the market. The benchmark palm oil contract for February delive...
» India lodges strong protest with China over detention of Indian woman
26/11/25 16:41 from Business Recorder - Latest News
MUMBAI: India said it had registered a strong protest with China over what it said was the arbitrary detention of an Indian citizen at Shanghai Airport. Indian media reported that a UK-based woman holding an Indian passport was stopped b...
» Dangote signs contract with EIL to double refining capacity
26/11/25 16:33 from Business Recorder - Latest News
MUMBAI: Nigeria’s Dangote has signed a contract with Engineers India Ltd to help double its refining capacity to 1.4 million barrels per day (bpd) in three years, its head Aliko Dangote told a press conference in Mumbai on Wednesday. EI...