News stories for Reuters - Business Recorder

Reuters

Markets

Australia shares edge lower; post weekly gain on US stimulus plan

Financials also eased, with wealth manager Perpetual Ltd losing most in the sector, dropping nearly 5%. Insurance Australia Group and Macquarie Group also pulled back.

Published 22 Jan, 2021 12:38pm

Markets

CBOT soybeans may fall to $13.27-3/4

A retracement analysis on the uptrend from $11.43 to $14.35-3/4 reveals a similar target of $13.23-3/4, the 38.2% level.

Published 22 Jan, 2021 12:35pm

Markets

CBOT corn may fall into $5.02-3/4 to $5.09-1/2 range

Resistance is at $5.20-1/2, a break above which could lead to a gain to $5.24-1/2. On the daily chart, the contract is falling towards the Jan. 20 low of $5.12-3/4.

Published 22 Jan, 2021 12:33pm

Markets

South Korea shares slip on profit-taking; post 11th weekly gain in 12

The won ended at 1,103.2 per dollar on the onshore settlement platform, 0.45% lower than its previous close at 1,098.2.

Published 22 Jan, 2021 12:30pm

World

Hungary PM says too early to talk about lifting COVID-19 restrictions

Hungary is also in talks with China's Sinopharm to buy its coronavirus vaccine.

Published 22 Jan, 2021 12:28pm

Sports

Siraj visits father's grave after fulfilling test dream

His mental strength was further tested in Sydney where a section of the crowd targeted him.

Published 22 Jan, 2021 12:23pm

World

Republican McConnell proposes Trump get two weeks to prepare for Senate impeachment trial

In a statement, McConnell said he had sent his proposal to Senate Democratic Leader Chuck Schumer.

Published 22 Jan, 2021 12:15pm

Business & Finance

Irish GDP likely grew 2.5% in 2020 despite COVID shock

The Irish government in October forecast a 2020 GDP contraction of 3.5%. Stockbrokers Davy on Thursday forecast Irish GDP growth of 3.3% in 2020 and 4.8% in 2021.

Published 22 Jan, 2021 12:13pm

Business & Finance

Nissan to source more UK batteries as part of Brexit deal 'opportunity'

In contrast, Ford, which imports everything it sells in Britain, has raised some UK prices due to US-sourced content.

Published 22 Jan, 2021 12:11pm

Business & Finance

Mexico's Pemex risks refinery accidents with planned job cuts

Even though the refineries have a combined processing capacity of 1.6 million barrels per day (bpd), they process less than half of that, Pemex's third-quarter financial report showed.

Published 22 Jan, 2021 12:09pm

Business & Finance

Lufthansa has cut losses to a million euros every two hours, says CEO

The airline is still hoping for a strong travel recovery from the northern summer onwards, Spohr added, and expects to run at 40-60% of pre-crisis capacity for the year as a whole.

Published 22 Jan, 2021 12:09pm

World

New China swine fever strains point to unlicensed vaccines

But it has issued at least three warnings against use of unauthorised African swine fever vaccines, cautioning that they could have severe side effects and that producers and users could be charged with a criminal offence.

Published 22 Jan, 2021 12:06pm

Business & Finance

Japan's factory activity contracts as state of emergency weighs

Overall, the au Jibun Bank Flash Services PMI index posted a sharp decline, falling to a five-month low of 45.7 on a seasonally adjusted basis from December's final of 47.7.

Published 22 Jan, 2021 12:05pm

Markets

Australian shares on track to gain 1.5% for week on further US stimulus hopes

Meanwhile, shares of Lynas Rare Earths leapt 10% after it signed an agreement to build a commercial light rare earths separation plant in the United States.

Published 22 Jan, 2021 12:01pm

Business & Finance

South Korea's Q4 growth likely slowed as exports recovery tempered by virus impact

"The key (for the economy this year) will be the timing of easing of distancing measures, vaccine supplies and the pace of global economic recovery," he added.

Published 22 Jan, 2021 11:59am

Markets

Gold dips as yields rise, but eyes best week in five

The European Central Bank reaffirmed its pledge to keep borrowing costs at record lows on Thursday to help the economy weather the pandemic.

Published 22 Jan, 2021 11:57am

Markets

Buyers of US LNG expected to cancel up to five cargoes for March

But with temperatures expected to get warmer post-winter, spot prices for cargoes delivered into North Asia in March have fallen to less than half the average price of cargoes to be delivered in February.

Published 22 Jan, 2021 11:55am

Markets

India's Dec crude oil throughput picks up as fuel demand accelerates

Refineries can operate at more than their usual capacity through technical alterations.

Published 22 Jan, 2021 11:53am

Markets

ASIA RICE-Indian prices gain, higher Thai prices dampen demand

"Exporters are buying moderately from farmers while waiting for the ongoing winter-spring harvest to peak."

Published 22 Jan, 2021 11:51am

World

Japan to start coronavirus vaccinations with Pfizer vaccines

Kono told reporters the next priority after medical workers was to vaccinate the elderly.

Published 22 Jan, 2021 11:50am

Gainers
Losers
Leaders

Stock	Price
Invest Cap. Bank / Jan 22 Invest Capital Investment Bank Limited(ICIBL)	3.47 ▲ 0.96 (28.04%)
Nazir Cotton / Jan 22 Nazir Cotton Mills Limited(NCML)	4.74 ▲ 0.98 (22.16%)
1st Dawood / Jan 22 First Dawood Investment Bank Limited(FDIBL)	2.72 ▲ 0.39 (16.74%)
Saudi Pak Leas. / Jan 22 Saudi Pak Leasing Company Limited(SPLC)	1.89 ▲ 0.35 (14.55%)
Hala Enterpries / Jan 22 Hala Enterprises Limited(HAEL)	11.60 ▲ 1.10 (9.43%)
Fazal Cloth / Jan 22 Fazal Cloth Mills Limited(FZCM)	213.66 ▲ 19.66 (7.50%)
Pak Synthetic / Jan 22 Pakistan Synthetics Limited(PSYL)	23.65 ▲ 1.65 (7.50%)
Rel.Cotton / Jan 22 Reliance Cotton Spinning Mills Limited(RCML)	174.25 ▲ 14.25 (7.50%)
First Imrooz Mod. / Jan 22 First Imrooz Modaraba(FIMM)	102.84 ▲ 7.17 (7.49%)
First National Equities / Jan 22 First National Equities Limited(FNEL)	21.82 ▲ 1.63 (7.49%)

Stock	Price
First Equity Mod. / Jan 22 First Equity Modaraba(FEM)	3.05 ▼ 0.16 (-8.68%)
Khurshid Spinng / Jan 22 Khurshid Spinning Mills Limited(KHSM)	21.15 ▼ 3.27 (-7.48%)
Unicap Mod. / Jan 22 Unicap Modaraba(UCAPM)	1.02 ▼ 0.00 (-7.27%)
Universal Ins. / Jan 22 The Universal Insurance Company Limited(UVIC)	5.06 ▼ 0.15 (-6.99%)
Frontier Cer. / Jan 22 Frontier Ceramics Limited(FRCL)	24.36 ▼ 0.50 (-5.58%)
F.Treet Manuf.Mod / Jan 22 First Treet Manufacturing Modaraba(FTMM)	16.62 ▼ 1.39 (-5.35%)
HBL Inv.Fund / Jan 22 HBL Investment Fund(HIFA)	3.31 ▼ 0.35 (-5.16%)
Telecard / Jan 22 Telecard Limited(TELE)	2.91 ▼ 0.15 (-4.90%)
Ravi Textile / Jan 22 Ravi Textile Mills Limited(RAVT)	10.00 ▼ 0.15 (-4.67%)
AN Textile / Jan 22 AN Textile Mills Limited(ANTM)	12.60 ▼ 0.30 (-4.55%)

Stock	Volume
K-Electric Ltd / Jan 22 K-Electric Limited(KEL)	143,822,500 ▼ 0.27
Hum Network / Jan 22 Hum Network Limited(HUMNL)	43,378,000 ▼ 0.42
Pak Int.Bulk Ter / Jan 22 Pakistan International Bulk Terminal Limited(PIBTL)	31,430,000 ▼ 0.50
Fauji Foods / Jan 22 Fauji Foods Limited(FFL)	23,037,500 ▼ 1.04
Unity Foods / Jan 22 Unity Foods Limited(UNITY)	21,205,214 ▼ 0.69
Jahangir Sid. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,470,500 ▼ 1.68
TRG Pak. / Jan 22 TRG Pakistan Limited(TRG)	17,361,500 ▼ 3.36
SILKBANK / Jan 22 Silkbank Limited(SILK)	16,364,500 ▼ 0.08
Al Shaheer Corp. / Jan 22 Al Shaheer Corporation Limited(ASC)	16,117,000 ▼ 0.56
Invest Cap. Bank / Jan 22 Invest Capital Investment Bank Limited(ICIBL)	15,136,500 ▼ 0.96

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 22	160.65
USD PKR Interbank Buying / Jan 22	160.55
USD to Japanese Yen / Jan 22	103.52
USD to Swiss Franc / Jan 22	0.89
Pound Sterling to USD / Jan 22	1.37
Euro to USD / Jan 22	1.22

Stock	Volume
S&P 500 / Jan 22	3853.07
India Sensex / Jan 22	49624.76
Tokyo Nikkei / Jan 22	28756.86
Nasdaq / Jan 22	13530.91
Hang Seng / Jan 22	29927.76
FTSE 100 / Jan 22	6715.42
Dow Jones / Jan 22	31176.01
Germany DAX 30 / Jan 22	13906.67
France CAC40 / Jan 22	5590.79