» Bitcoin slumps with key $70,000 level in sight
05/02/26 11:45 from Business Recorder - Latest News
SINGAPORE: Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world’s largest cryptocurrency showed no signs of stopping. Bitcoin tumbled more than 3% in the Asian session to $70,052.38, its low...
» China said to halt Panama deals after ports operation nulled, Bloomberg News reports
05/02/26 11:40 from Business Recorder - Latest News
China is asking state firms to halt talks over new projects in Panama as part of Beijing’s broader retaliation after the Central American country nullified CK Hutchison Holdings contract to operate two ports along its strategic canal, Bl...
» Russia will continue to supply oil to Cuba, RIA cites ambassador
05/02/26 11:34 from Business Recorder - Latest News
MOSCOW: Russia has repeatedly supplied oil to Cuba in recent years, and will continue to do so, Russia’s ambassador to Cuba Viktor Coronelli said in an interview with state news agency RIA . US may make a deal on Cuba, Trump says “We ass...
» Two people hurt in Russian overnight drone on Kyiv, mayor says
05/02/26 11:29 from Business Recorder - Latest News
Two people were hurt in a Russian overnight drone attack in Ukraine’s capital Kyiv, Mayor Vitali Klitschko said on Thursday. Klitschko said the attack caused damage in residential buildings in one district, and in another debris fell on ...
» TEPCO to restart Kashiwazaki-Kariwa nuclear power plant next week, Kyodo reports
05/02/26 11:26 from Business Recorder - Latest News
TOKYO: Tokyo Electric Power (TEPCO) plans to restart a unit at its Kashiwazaki-Kariwa nuclear power plant after operations were suspended in January shortly after the initial restart, Kyodo news reported on Thursday. TEPCO shut down the ...
» Foxconn opens EV R&D hub in central China’s Zhengzhou
05/02/26 11:22 from Business Recorder - Latest News
BEIJING: Taiwan’s Foxconn has begun operations at an electric vehicle research and development centre in the central Chinese city of Zhengzhou, the local government said on Thursday. The complex, located next to automaker BYD’s Zhengzhou...
» Indonesia Q4 GDP growth beats forecast, highest since 2022
05/02/26 11:21 from Business Recorder - Latest News
JAKARTA: Indonesia’s economy grew 5.39% on an annual basis in the October-December quarter of 2025, official data showed on Thursday, above a forecast by analysts and the highest rate since the third quarter of 2022. Economists in a Reut...
» Soybeans rise after Trump’s positive comments on China purchase
05/02/26 11:13 from Business Recorder - Latest News
BEIJING: Chicago soybean futures climbed on Thursday, boosted by US President Donald Trump’s comment that China is purchasing more US beans. The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.8% at $11.01-1/2 ...
» Palm flat as weaker ringgit offsets Dalian, Chicago oils pressure
05/02/26 11:10 from Business Recorder - Latest News
JAKARTA: Malaysian palm oil futures barely changed on Thursday, as softer ringgit currency countered pressure from Dalian vegetable oils and Chicago soyoil weakness. The benchmark palm oil contract for April delivery on the Bursa Malaysi...
» Australia, NZ dollars supported by yield cushion, climb versus yen
05/02/26 11:08 from Business Recorder - Latest News
SYDNEY: The Australian and New Zealand dollars were steady on Thursday against their US counterpart, supported by widening yield differentials, while the Aussie climbed to a 35-year peak against the Japanese yen. The Aussie was flat at $...
» Australian shares edge lower as mining, energy stocks weigh
05/02/26 11:03 from Business Recorder - Latest News
Australian shares inched down on Thursday, on pace to snap a two-session rally, with commodity-linked mining and energy stocks among the major laggards on the benchmark to track lower underlying base metal and oil prices. The S&P/ASX...
» Japan’s Nikkei falls as tech shares drag; Astellas surges
05/02/26 11:00 from Business Recorder - Latest News
TOKYO: Japan’s Nikkei share average fell on Thursday, dragged lower by technology stocks on lingering valuation concerns. The benchmark Nikkei 225 Index fell 0.8% to 53,832.26. The broader Topix slid 0.26% to 3,646.06. So far this year, ...
» Indian rupee treads water, far forward premiums stick to downtrend
05/02/26 10:58 from Business Recorder - Latest News
MUMBAI: The Indian rupee was little changed in early trading on Thursday, wedged between modest declines in regional peers and dollar sales from foreign and local private lenders, most likely on behalf of corporate clients. Dollar-rupee ...
» India bonds rally may taper ahead of RBI debt purchase, rate decision
05/02/26 10:56 from Business Recorder - Latest News
MUMBAI: Indian government bond investors would aim to break the 10-year benchmark bond 6.70% yield level on Thursday, ahead of the central bank debt purchase later in the day and in anticipation of liquidity-boosting measures in Friday’s...
» Indian shares fall after three-day rally; metals, rate-sensitives drag
05/02/26 10:52 from Business Recorder - Latest News
Indian shares were set to snap a three-day winning run on Thursday, bogged down by metals that tracked global declines and caution in rate-sensitive stocks ahead of the central bank’s policy decision. The Nifty 50 was down 0.31% at 25,69...
» Asia shares falter as global tech selloff spooks investors
05/02/26 10:45 from Business Recorder - Latest News
SYDNEY: Asian stocks faltered as concerns about the exploding costs of AI investment hounded the tech sector, though Wall Street futures were trying to make a comeback as chip providers gained. Google parent Alphabet reported solid resul...
» Dollar recovers as central bank decisions loom
05/02/26 10:37 from Business Recorder - Latest News
SINGAPORE: The dollar steadied at the start of Asian trade on Thursday ahead of interest rate decisions from the European Central Bank and the Bank of England, both of which are expected to keep rates on hold later in the global day. The...
» Gold rises over 1% as geopolitical, economic tensions lift precious metals
05/02/26 10:28 from Business Recorder - Latest News
Gold climbed more than 1% on Thursday, hovering near one-week highs, as geopolitical and economic tensions continued to bolster prices, while silver and palladium also posted gains. Spot gold was up 1.1% at $5,016.89 per ounce, as of 003...
» Oil falls 2% on easing supply concern after US, Iran agree to talks
05/02/26 10:22 from Business Recorder - Latest News
TOKYO/SINGAPORE: Oil prices fell about 2% on Thursday after the US and Iran agreed to hold talks in Oman on Friday, easing concerns that a potential military conflict between them could disrupt supply from the key Middle East-producing r...
» CottonConnect hosts high-level roundtable
05/02/26 02:51 from Business Recorder - Latest News
KARACHI: In a significant step toward strengthening Pakistan’s cotton and textile sector, CottonConnect hosted a high-level roundtable titled “Strengthening Pakistan’s Cotton Sector Through Regenerative Agriculture.” The session was led ...