» Middle East oil benchmarks hit record highs as war cuts supply
16/03/26 17:37 from Business Recorder - Latest News
SINGAPORE/NEW DELHI: Spot premiums for Middle East crude grades Oman and Dubai have soared to all-time highs even as trade slumps due to the U.S. and Israeli war on Iran, with some traders arguing that the benchmarks have lost relevance ...
» Italy says diplomacy is way to deal with Hormuz Strait crisis
16/03/26 17:30 from Business Recorder - Latest News
ROME: Italian Foreign Minister Antonio Tajani said on Monday that diplomacy was the right way to solve the crisis in the Hormuz Strait and there were no naval missions Italy is involved in that could be extended to the area. “As far as H...
» Shell says global LNG demand to rise at least 54% by 2040
16/03/26 17:27 from Business Recorder - Latest News
LONDON: Global demand for liquefied natural gas is estimated to rise by 54-68% by 2040 and 45-85% by 2050 from 422 million metric tons in 2025, boosted by growing Asian appetite for the fuel, Shell, the world’s biggest LNG trader, said o...
» Alibaba CEO takes helm of new AI-focused business group
16/03/26 17:24 from Business Recorder - Latest News
SHANGHAI: Alibaba Group Chief Executive Eddie Wu will head the newly formed Alibaba Token Hub (ATH) Business Group, the firm said in a statement on Monday. The new group will comprise existing Alibaba units Tongyi Laboratory, MaaS Busine...
» German defence minister rejects Trump’s call for military support against Iran
16/03/26 17:20 from Business Recorder - Latest News
BERLIN: German Defence Minister Boris Pistorius on Monday rejected demands by U.S. President Donald Trump for military support in the war against Iran and downplayed threats that such a stance by allies would hurt NATO. “What does (…) Do...
» Industrial metals slide as oil surge fuel inflation, growth worries
16/03/26 17:15 from Business Recorder - Latest News
LONDON: Industrial metal prices came under pressure on Monday as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth prospects, traders said. Benchmark copper on the London Metal Exch...
» Pakistan posts $427mn current account surplus in February 2026
16/03/26 17:57 from Business Recorder - Latest News
Pakistan recorded a current account surplus of $427 million in February 2026, according to data released by the State Bank of Pakistan (SBP) on Monday. However, on a cumulative basis, the country posted a current account deficit of $700 ...
» ‘Fuel stocks till mid-April fully secured’: Govt rules out petrol shortage
16/03/26 17:12 from Business Recorder - Latest News
Dismissing rumours of shortages, the Ministry of Finance’s Committee to Monitor Petrol Prices on Monday confirmed that fuel requirements for March are fully secured, with enough inventory and planned imports to last until at least mid-Ap...
» Palm hits over one-year high on Dalian palm olein, crude oil strength
16/03/26 17:10 from Business Recorder - Latest News
KUALA LUMPUR: Malaysian palm oil futures climbed for a fourth consecutive session on Monday, as stronger Dalian palm olein and strength in crude oil prices supported the market. The benchmark palm oil contract for June delivery on the Bu...
» Indian rupee averts record low on state-run banks’ dollar sales; oil worries persist
16/03/26 17:05 from Business Recorder - Latest News
MUMBAI: The Indian rupee was pinned near its all-time low on Monday, averting losses largely on the back of likely central bank intervention, via state-run banks, as hostilities in the Gulf kept oil prices elevated. The Indian rupee clos...
» Index heavyweights, autos help Nifty, Sensex snap three-session losing run
16/03/26 17:02 from Business Recorder - Latest News
India’s benchmark indexes rose on Monday as value buying in heavyweight stocks and a partial rebound in auto shares after last week’s steep drop countered concerns over higher crude prices from the Middle East war. The Nifty 50 rose 1.11...
» Mounting gas shortages disrupt some steel plants at India’s JSW, one unit may face shutdown
16/03/26 16:59 from Business Recorder - Latest News
NEW DELHI: Mounting gas shortages have disrupted operations at some steel plants of India’s top metals conglomerate JSW Group, with one unit facing a potential shutdown in the coming days, according to an internal note seen by Reuters. I...
» India’s trade gap shrinks before Middle East turmoil disrupts commerce
16/03/26 16:55 from Business Recorder - Latest News
NEW DELHI: India’s merchandise trade deficit narrowed in February as imports eased from a month earlier, though economists have warned that the escalating Middle East crisis could stall shipments and raise costs for the energy-importing ...
» JSW Steel unit eyes debut $1 billion short-term debt issue, bankers say
16/03/26 16:46 from Business Recorder - Latest News
MUMBAI: India’s JSW Kalinga Steel (JKSL) is set to tap the corporate debt market with its debut shorter-duration bond issue this week, as it seeks to raise as much as 95 billion rupees ($1.03 billion), two merchant bankers said on Monday...
» India may soften new grid-supply rules for renewable power producers
16/03/26 16:43 from Business Recorder - Latest News
NEW DELHI: India may ease proposed penalties on wind and solar power producers who fail to meet stricter grid-supply commitments, government minutes showed, after developers warned the changes could hurt revenue and slow clean-energy inv...
» China says ready to continue efforts to ease Pakistan, Afghanistan tensions
16/03/26 16:38 from Business Recorder - Latest News
BEIJING: China stands ready to continue efforts to ease tensions between Pakistan and Afghanistan, Foreign Ministry spokesperson Lin Jian said on Monday. “The most urgent task is to avoid the expansion of the war and return the two count...
» CCP authorises share acquisition in Canada’s Jura Energy operating in Pakistan
16/03/26 15:45 from Business Recorder - Latest News
The Competition Commission of Pakistan (CCP) has authorised the acquisition of shares of Jura Energy Corporation by IDL Investments Limited from Phoenix Exploration Limited, following a review under the Competition Act, 2010. The transac...
» Iran expresses gratitude to Pakistan for expressing solidarity against US-Israeli aggression
16/03/26 14:51 from Business Recorder - Latest News
Foreign Minister of Iran Seyed Abbas Araghchi on Monday thanked Pakistan for expressing full-throated solidarity and support with Iran against US and Israeli aggression. “On this blessed, divine, and spiritual day and hour, I extend my h...
» Rupee records gain against US dollar
16/03/26 16:02 from Business Recorder - Latest News
Rupee's Performance Against US Dollar Since 04 March 2025 const ctx = document.getElementById('closingRatesChart').getContext('2d'); const closingRatesChart = new Chart(ctx, { type: 'line', data: { labels: [ "04-Mar-25", "05-Mar-25", "06...
» Gulf instability threatens Pakistan’s export competitiveness, warn industrialists
16/03/26 14:49 from Business Recorder - Latest News
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh stated that geopolitical instability in the Gulf threatens Pakistan’s export competitiveness, noting that nearly 80% of the country’s cru...