News stories for Reuters - Business Recorder

Reuters

Markets

Italian bond yields drop on talk of new government without election

Italian bond yields fall after Friday sell-off.
Focus on chance of a new government.
EU hires banks for first SURE bond sale of the year.

Published 25 Jan, 2021 09:18pm

Business & Finance

Brazil fuel distributor Ultrapar says operations back to normal after cyber attack

In a securities filing, Ultrapar said that all security and control measures were taken and, as of Jan. 14, the operating systems of the company and its subsidiaries have been gradually restored.

Published 25 Jan, 2021 09:16pm

World

EU to hold off on new Russia sanctions if Navalny released

Germany wants to give Russia more time before sanctions.
Meeting follows protests across Russia in support of Navalny.
Borrell to go to Moscow next week to meet Kremlin officials.

Published 25 Jan, 2021 09:15pm

Business & Finance

Tech industry group urges Biden admin to review export controls on China

The group, SEMI, which represents semiconductor equipment manufacturers, among others globally.
Multi-lateral controls - where items of concern are controlled by all major producing nations - create a level playing field, maximize effectiveness, and minimize harm to US national security and economic competitiveness.

Published 25 Jan, 2021 09:13pm

World

US consumers expect spending to rebound strongly in one year, NY Fed survey finds

The report showed that consumers are slowly spending more as the economy reopens and more people gradually return to work.
Consumers from all education and income groups were much more optimistic about how much they would be able to spend in a year.

Published 25 Jan, 2021 09:11pm

Markets

Time to pause? Wall St grows wary of some stock bubbles

Pockets of the market have recently demonstrated investor behavior consistent with bubble-like sentiment.
Elevated retail participation has contributed to soaring prices. Retail broker eToro told Reuters it registered more than 380,000 new users in the first 11 days of 2021.

Published 25 Jan, 2021 08:55pm

Business & Finance

Britain's Liberty Steel firms up offer for Thyssenkrupp steel unit

Liberty Steel hands in "firmed-up bid".
Remains convinced that combination is "right answer".
Deal could create 200-300 mln eur in synergies-analysts.

Published 25 Jan, 2021 08:53pm

BR Research

Italy's ruling PD lawmakers urge PM Conte to resign and form new govt

Conte's resignation is the "only way" to convince these wavering parliamentarians to respond to his call.
As things stand, Conte does not have enough support to approve the justice report.

Published 25 Jan, 2021 08:49pm

Markets

New Saudi central bank chief may face monetary strains in investment push

Saudi Arabia, which posted a fiscal deficit of 12% of GDP last year, plans to nearly balance its budget by 2023.
I think there will be more pressure on the monetary side to help revive economic activity and a greater focus on supporting the Public Investment Fund's growth objectives, including on the funding side.

Published 25 Jan, 2021 08:46pm

Business & Finance

EU urges AstraZeneca to speed up vaccine deliveries amid 'supply shock'

EU to require pre-registration of COVID vaccine exports –source.
AstraZeneca asked for further clarification after sudden cut.
EU paid 336 mln euros to boost Astra's production capacity.
Australia, Thailand say Astra has told them of cut to supplies.

Published 25 Jan, 2021 08:44pm

Markets

US natgas futures rise 5pc on colder forecasts, more heating demand

After falling for four days in a row, front-month gas futures rose 12.5 cents, or 5.1%, to $2.571 per million British thermal units.
Output in the Lower 48 US states averaged 91.2 billion cubic feet per day (bcfd) so far in January.

Published 25 Jan, 2021 08:42pm

Business & Finance

Google workers to form global union alliance

The problems at Alphabet ... are not limited to any one country, and must be addressed on a global level.
Under US labor law, Alphabet can ignore the union's demands until a majority of employees support it.

Published 25 Jan, 2021 08:40pm

World

Thirteen dead, thousands homeless in southern Africa after storm Eloise

Eloise weakened from a cyclone to a tropical storm after making landfall in central Mozambique on Saturday.
In neighbouring Limpopo, fast-flowing rivers destroyed a makeshift bridge, leaving people hoping to cross stranded on either side.

Published 25 Jan, 2021 08:38pm

Business & Finance

ECB focuses on bank credit, bonds in gauging financing conditions

Naturally, the focus on credit conditions in the banking system on the one side and the bond markets on the other is consistent with the main methods used by central banks in steering financing conditions.
If favourable financing conditions can be maintained with asset purchase flows that do not exhaust the envelope over the net purchase horizon of the PEPP, the envelope need not be used in full.

Published 25 Jan, 2021 08:36pm

Markets

Canadian dollar rises as investors weigh US stimulus prospects

Canadian dollar gains 0.1% against the greenback.
Loonie trades in a range of 1.2687 to 1.2736.
Price of US oil falls 0.2%.
Canadian bond yields ease across flatter curve.

Published 25 Jan, 2021 08:34pm

Markets

Nasdaq opens at record high ahead of big-tech earnings

The Dow Jones Industrial Average fell 7.1 points, or 0.02%, at the open to 30989.85. The S&P 500 rose 10.2 points.
Nasdaq Composite rose 138.1 points, or 1.02%, to 13681.211 at the opening bell.

Published 25 Jan, 2021 08:32pm

Markets

TSX flat at open as virus concerns weigh

Toronto Stock Exchange's S&P/TSX composite index was down 0.49 points, or -0%, at 17,845.42.

Published 25 Jan, 2021 08:31pm

World

China's Xi calls for greater role for G20 in economic governance

Xi, making his first appearance at the forum since his vigorous defence of free trade and globalisation in an address in Davos in 2017.
We should build an open world economy ... discard discriminatory and exclusionary standards, rules and systems, and take down barriers to trade, investment and technological exchanges.

Published 25 Jan, 2021 08:29pm

Business & Finance

Moderna plans trial of altered COVID-19 vaccine booster to address South Africa variant

The company said the vaccine did not see any impact from the U.K. variant - which has been shown to be more transmissible - in the tests.
The company said it plans to publish data from its tests against the South African and U.K. variants on the website.

Published 25 Jan, 2021 08:26pm

Business & Finance

Luxury watchmaker Hublot expects China to drive sales rebound in 2021

Swiss watchmakers' sales slid last year as stores were affected by pandemic-related closures and as tourism.
For Hublot, we expect 15-20% sales growth this year ... In China, we still have a lot of potential, we expect very strong growth of 30-50% there.

Published 25 Jan, 2021 08:24pm

Gainers
Losers
Leaders

Stock	Price
First Punjab Mod. / Jan 25 First Punjab Modaraba(FPJM)	2.70 ▲ 0.20 (14.89%)
Ghani Auto Ind. / Jan 25 Ghani Automobile Industries Limited(GAIL)	6.80 ▲ 0.69 (13.33%)
Habib Ins. / Jan 25 Habib Insurance Company Limited(HICL)	8.50 ▲ 0.69 (13.18%)
Bawany Air / Jan 25 Bawany Air Products Limited(BAPL)	22.38 ▲ 1.89 (11.34%)
Unicap Mod. / Jan 25 Unicap Modaraba(UCAPM)	1.10 ▼ -0.01 (10.00%)
Hi-Tech Lubricants / Jan 25 Hi-Tech Lubricants Limited(HTL)	60.28 ▲ 7.55 (9.66%)
Pak Datacom Ltd / Jan 25 Pak Datacom Limited(PAKD)	113.50 ▲ 4.58 (9.03%)
Fazal Cloth / Jan 25 Fazal Cloth Mills Limited(FZCM)	229.68 ▲ 30.92 (7.50%)
Dewan Sugar / Jan 25 Dewan Sugar Mills Limited(DWSM)	3.03 ▼ -0.10 (6.32%)
B.R.R. Mod. / Jan 25 B.R.R. Guardian Modaraba(BRR)	14.00 ▲ 0.46 (5.98%)

Stock	Price
Hala Enterpries / Jan 25 Hala Enterprises Limited(HAEL)	10.81 ▼ 0.97 (-11.76%)
Saritow Sp. / Jan 25 Saritow Spinning Mills Limited(SSML)	9.90 ▼ 0.86 (-11.61%)
Grays Leas. / Jan 25 Grays Leasing Limited(GRYL)	5.17 ▼ 0.69 (-10.86%)
PICIC Insurance / Jan 25 PICIC Insurance Limited(PIL)	1.38 ▼ 0.11 (-9.80%)
First Pak Modaraba / Jan 25 First Pak Modaraba(PAKMI)	2.12 ▼ 0.27 (-9.40%)
First Prud Mod. / Jan 25 First Prudential Modaraba(PMI)	2.10 ▼ 0.35 (-8.70%)
Altern Energy / Jan 25 Altern Energy Limited(ALTN)	27.25 ▼ 1.75 (-8.40%)
Summit Bank / Jan 25 Summit Bank Limited(SMBL)	1.83 ▼ 0.14 (-8.04%)
Saudi Pak Leas. / Jan 25 Saudi Pak Leasing Company Limited(SPLC)	1.74 ▼ 0.25 (-7.94%)
Khurshid Spinng / Jan 25 Khurshid Spinning Mills Limited(KHSM)	19.86 ▼ 0.00 (-7.46%)

Stock	Volume
TRG Pak. / Jan 25 TRG Pakistan Limited(TRG)	29,686,000 ▼ 8.01
K-Electric Ltd / Jan 25 K-Electric Limited(KEL)	25,544,000 ▼ 0.11
Invest Cap. Bank / Jan 25 Invest Capital Investment Bank Limited(ICIBL)	17,052,500 ▼ 0.87
Unity Foods / Jan 25 Unity Foods Limited(UNITY)	16,920,978 ▼ 1.02
Fauji Foods / Jan 25 Fauji Foods Limited(FFL)	15,931,500 ▼ 0.35
Fauji Fert. Bin / Jan 25 Fauji Fertilizer Bin Qasim Limited(FFBL)	12,716,500 ▼ 1.75
Pak Int.Bulk Ter / Jan 25 Pakistan International Bulk Terminal Limited(PIBTL)	10,876,500 ▼ 0.31
Hum Network / Jan 25 Hum Network Limited(HUMNL)	10,747,500 ▼ 0.17
Aisha Steel / Jan 25 Aisha Steel Mills Limited(ASL)	9,137,500 ▼ 1.32
Jahangir Sid. Co. / Jan 25 Jahangir Siddiqui & Co. Ltd.(JSCL)	8,165,000 ▼ 0.75

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 23	160.75
USD PKR Interbank Buying / Jan 23	160.65
USD to Japanese Yen / Jan 23	103.81
USD to Swiss Franc / Jan 23	0.89
Pound Sterling to USD / Jan 23	1.37
Euro to USD / Jan 23	1.22

Stock	Volume
S&P 500 / Jan 23	3850.96
India Sensex / Jan 23	48878.54
Tokyo Nikkei / Jan 23	28631.45
Nasdaq / Jan 23	13559.29
Hang Seng / Jan 23	29447.85
FTSE 100 / Jan 23	6695.07
Dow Jones / Jan 23	31048.96
Germany DAX 30 / Jan 23	13873.97
France CAC40 / Jan 23	5559.57

Indicator	Value
UK LIBOR % / Jan 23	0.09

Reuters

Italian bond yields drop on talk of new government without election

Brazil fuel distributor Ultrapar says operations back to normal after cyber attack

EU to hold off on new Russia sanctions if Navalny released

Tech industry group urges Biden admin to review export controls on China

US consumers expect spending to rebound strongly in one year, NY Fed survey finds

Time to pause? Wall St grows wary of some stock bubbles

Britain's Liberty Steel firms up offer for Thyssenkrupp steel unit

Italy's ruling PD lawmakers urge PM Conte to resign and form new govt

New Saudi central bank chief may face monetary strains in investment push

EU urges AstraZeneca to speed up vaccine deliveries amid 'supply shock'

US natgas futures rise 5pc on colder forecasts, more heating demand

Google workers to form global union alliance

Thirteen dead, thousands homeless in southern Africa after storm Eloise

ECB focuses on bank credit, bonds in gauging financing conditions

Canadian dollar rises as investors weigh US stimulus prospects

Nasdaq opens at record high ahead of big-tech earnings

TSX flat at open as virus concerns weigh

China's Xi calls for greater role for G20 in economic governance

Moderna plans trial of altered COVID-19 vaccine booster to address South Africa variant

Luxury watchmaker Hublot expects China to drive sales rebound in 2021

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