» Trump vows to hit more Iranian infrastructure as nations seek to open Hormuz
03/04/26 11:48 from Business Recorder - Latest News
WASHINGTON/CAIRO: President Donald Trump said the US “hasn’t even started destroying what’s left in Iran”, reiterating vows to increase the ferocity of attacks on its infrastructure, as dozens of countries sought ways to restart vital en...
» Manny Pacquiao says Mayweather rematch is a fight, not an exhibition
03/04/26 11:41 from Business Recorder - Latest News
Manny Pacquiao said he has signed a contract for a fight with Floyd Mayweather and that he would not get back into the ring with the American if it was an exhibition bout. Mayweather, 49, and Pacquiao, 47 announced last month that they w...
» Thailand to clamp down on oil smuggling and hoarding, PM says
03/04/26 11:40 from Business Recorder - Latest News
BANGKOK: Thai authorities will investigate instances of oil smuggling and hoarding, Prime Minister Anutin Charnvirakul said on Friday. Legal action will be taken to the fullest against wrongdoers, Anutin told a press conference. The gove...
» Aluminium slips on firmer dollar, but heads for biggest weekly gain in a month
03/04/26 11:37 from Business Recorder - Latest News
BEIJING: Aluminium fell on Friday , as a stronger dollar and mounting concerns over a potential economic recession after dimming hopes of a quick end to the Iran war outweighed supply fears that kept prices of the metal on track for a we...
» Tesla eyes Japan’s top imported-car spot as it expands store, service network
03/04/26 11:36 from Business Recorder - Latest News
TOKYO: Tesla plans to expand in Japan to at least 60 stores as it seeks to become the country’s biggest imported car brand by as early as next year, the head of its Japan business said on Friday. Expanded store and service centre coverag...
» UAE non-oil private sector growth slows to near four-year low in March, PMI shows
03/04/26 11:34 from Business Recorder - Latest News
The United Arab Emirates’ non-oil private sector activity expanded at its weakest pace in nearly four years in March as the Middle East conflict hit demand and disrupted supply chains, a business survey showed on Friday. The seasonally a...
» Microsoft to invest $10 billion in Japan for AI and cyber defence expansion
03/04/26 11:32 from Business Recorder - Latest News
TOKYO: Microsoft on Friday said it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to expand artificial intelligence infrastructure and strengthen cybersecurity cooperation with the government. The investment in...
» China stocks fall, set for third weekly drop on Mideast jitters
03/04/26 11:30 from Business Recorder - Latest News
SHANGHAI: China stocks fell on Friday, and were on track to extend declines to the third consecutive week, as investors stayed cautious amid uncertainties in the Middle East ahead of a local holiday. Hong Kong market was closed for the E...
» Drones hit Kuwait’s Mina al-Ahmadi refinery, fires reported, no injuries
03/04/26 11:28 from Business Recorder - Latest News
Kuwait Petroleum Corporation said its Mina al-Ahmadi refinery was hit by drones early on Friday, setting off fires at operating units, according to the state news agency, but no injuries were reported.
» Vietnam refinery boosting jet fuel production
03/04/26 11:26 from Business Recorder - Latest News
HANOI: Vietnam’s Binh Son Refining and Petrochemical said on Friday it is prioritising the production of jet fuel to stabilise the domestic market amid supply disruption. Vietnamese aviation authorities said last week the country’s airli...
» Bangladesh cuts working hours to save energy amid Middle East crisis
03/04/26 11:21 from Business Recorder - Latest News
DHAKA: Bangladesh has launched fresh measures to curb energy consumption, cutting office hours and trimming public spending as conflict in the Middle East disrupts global fuel markets and strains power supply in the South Asian nation. B...
» Palm set for fifth weekly rise on lower stock hopes, biodiesel optimism
03/04/26 11:17 from Business Recorder - Latest News
KUALA LUMPUR: Malaysian palm oil futures rose on Friday, and were headed for a fifth straight weekly gain, lifted by expectations of lower inventories, Indonesia’s B50 biodiesel plans and heightened Middle East tensions. The benchmark pa...
» BOJ to raise rates with eye on Iran war fallout, central bank official says
03/04/26 11:16 from Business Recorder - Latest News
TOKYO: The Bank of Japan will continue to raise interest rates while keeping a close eye on how the Middle East conflict affects the economy and underlying inflation, a senior central bank official said on Friday. While rising fuel costs...
» Iron ore heads for second weekly loss on high China stocks
03/04/26 11:14 from Business Recorder - Latest News
BEIJING: Iron ore prices extended losses to a second straight session on Friday, and were on track for a second weekly decline, dragged down by elevated portside stocks in top consumer China, although signs of improving demand helped lim...
» Yuan firms as dollar steadies, eyes on US payrolls
03/04/26 11:10 from Business Recorder - Latest News
HANGHAI: China’s yuan firmed against the dollar on Friday as the greenback steadied and the focus turned to the release of US payrolls data later in the day. The dollar had jumped on safe-haven demand a day earlier when US President Don...
» Benchmark JGB yields rise to 27-year high as war drives inflation fears
03/04/26 11:09 from Business Recorder - Latest News
TOKYO: Benchmark Japanese government bond (JGB) yields touched a near three-decade high on Friday as the Middle East war neared its fifth week, escalating concerns about inflation and economic slowdown. The benchmark 10-year JGB yield re...
» South Korean shares rise on easing Hormuz supply hopes; set for weekly fall
03/04/26 11:07 from Business Recorder - Latest News
SEOUL: Round-up of South Korean financial markets: South Korean shares rebounded on Friday on hopes that supply disruptions in the Strait of Hormuz could ease, even as uncertainty over the Iran war kept the market on track for a second...
» Japan’s Nikkei rallies on efforts to reopen critical oil shipping lane
03/04/26 11:04 from Business Recorder - Latest News
TOKYO: Japan’s Nikkei share average rallied on Friday, trimming its losses for the week, following global efforts to restore Gulf oil shipments interrupted by the war in Iran. Artificial intelligence (AI)-related stocks led the Nikkei hi...
» Pakistan, UAE focus on petroleum, food trade in fresh push
03/04/26 10:27 from Business Recorder - Latest News
Pakistan and the United Arab Emirates have placed renewed focus on boosting trade in high-demand commodities such as petroleum products and food, signalling a targeted push to secure energy supplies, stabilise prices, and enhance export ...
» Barrick slows Pakistan’s Reko Diq project amid heightened security risks
03/04/26 09:54 from Business Recorder - Latest News
Barrick Mining Corporation, a leading global mining, exploration and development company, has announced to slow development activity at its flagship Reko Diq copper-gold project in Pakistan, citing escalating security concerns and rising...