News stories for Reuters - Business Recorder

Reuters

World

Philippines confirms 2,180 new coronavirus infections, 36 deaths

The ministry said total confirmed cases had increased to 296,755, still the highest in Southeast Asia, while deaths had reached 5,127, nearly half of which were recorded in the past 30 days.

Published 24 Sep, 2020 04:05pm

World

Slovakia reports record daily COVID-19 tally for a second day

Since the start of the pandemic in March, Slovakia has recorded 7,629 cases, from which 3,978 patients had recovered and 41 deaths have been reported.

Published 24 Sep, 2020 04:03pm

Markets

Norway's crown falls vs euro, dollar as central bank signal long rate pause

Norges Bank joined its global peers in striking a dovish stance, saying a resurgence in COVID-19 infection rates might put the brakes on any economic upswing.

Published 24 Sep, 2020 04:00pm

Markets

Russian rouble falls to fresh six-month low vs dollar

At 0815 GMT, the rouble was 0.4pc weaker against the dollar at 77.38, a level last seen on April 22.

Published 24 Sep, 2020 03:58pm

World

Poland reports new record daily increase in coronavirus cases

In total Poland has reported 82,809 COVID-19 infections, including 2,369 deaths.

Published 24 Sep, 2020 03:57pm

World

Indonesia reports record daily rise in coronavirus cases, deaths pass 10,000

It was the second day in a row posting a record increase, while the data added 128 deaths, bringing the total to 10,105.

Published 24 Sep, 2020 03:55pm

Markets

Kenya's shilling inches down against the dollar

At 0839 GMT, commercial banks quoted the shilling at 108.40/60 per dollar, compared with 108.30/50 at Wednesday's close.

Published 24 Sep, 2020 03:54pm

Business

Volvo Cars readies first green bond to support electric car strategy

Sales of plug-in hybrid cars amounted to almost a quarter of its sales in Europe during the first half of 2020.

Published 24 Sep, 2020 03:52pm

Markets

China's August net gold imports via Hong Kong fall 15pc m/m

Net gold imports via Hong Kong to China, the world's top consumer of the metal, stood at 1.184 tonnes in August, compared with 1.395 tonnes in July, the report showed.

Published 24 Sep, 2020 03:49pm

World

Israel tightens COVID lockdown as infections climb

The new restrictions require all businesses and workplaces, except for those designated essential, to shut down for at least two weeks starting on Friday.

Published 24 Sep, 2020 03:46pm

Markets

Hong Kong shares end near 4-month low as global recovery hopes falter

At the close of trade, the Hang Seng index was down 431.44 points, or 1.82pc, at 23,311.07, its lowest since May 29.

Published 24 Sep, 2020 03:44pm

Markets

UK GAS-Prices fall on oversupply

The day-ahead contract fell by 0.60 pence to 31.90 pence per therm by 0846 GMT.

Published 24 Sep, 2020 03:42pm

Business

Norway central bank holds rates at zero, hike still two years away

Norway's currency, the crown, weakened to a four-and-half- month low of 11.16 against the euro at 0819 GMT from 11.08 just before the 0800 GMT announcement.

Published 24 Sep, 2020 03:38pm

Markets

Asian stocks slump as recovery fears grow

Despite a dour outlook for global economy, analysts sounded slightly upbeat on Asian emerging currencies' performance in the near-term.

Published 24 Sep, 2020 03:35pm

Markets

London stocks fall as new pandemic curbs threaten rebound; Cineworld slumps

The FTSE 100 index fell 0.6pc, with travel and leisure stocks being the biggest drags on the index due to fresh measures on movement and social gathering.

Published 24 Sep, 2020 03:31pm

Business

Tesla seeks to build battery cells in Berlin

Tesla said on Thursday it would have to start a new approval process for battery production.

Published 24 Sep, 2020 03:29pm

Markets

Ugandan shilling weakens slightly on uptick in interbank demand

At 0908GMT commercial banks quoted the shilling at 3,700/3,710, compared to Wednesday's close of 3,685/3,695.

Published 24 Sep, 2020 03:28pm

Markets

Oil falls as frail demand outlook outweighs US stock drawdown

Brent crude futures fell 21 cents, or 0.5pc, to $41.56 a barrel by 0922 GMT, while US West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7pc, to $39.67 a barrel.

Published 24 Sep, 2020 03:26pm

World

Austria issues travel warnings for Prague, Paris region over COVID-19

Warnings are also being issued for Andorra, Argentina, Bahrain, Costa Rica, Israel, Kuwait and the Maldives, while a travel warning for Portugal was being reduced to Lisbon and the Norte region.

Published 24 Sep, 2020 03:24pm

World

Malaysian PM banks on victory in Borneo poll after Anwar challenge

While Anwar's own party is a relatively minor player in the Sabah election, a regional party friendly to his Pakatan Harapan bloc will be the obstacle to Muhyiddin's allies.

Published 24 Sep, 2020 03:19pm

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Sep 26 First Equity Modaraba(FEM)	4.0020 ▲ 0.99 (25.91%)
First Prud Mod. / Sep 26 First Prudential Modaraba(PMI)	1.3700 ▲ 0.21 (8.10%)
Grays Leas. / Sep 26 Grays Leasing Limited(GRYL)	7.9400 ▲ 0.78 (8.10%)
Sapphire Fib. / Sep 26 Sapphire Fibres Limited(SFL)	731.0000 ▲ 32.00 (4.58%)
Flying Cement Ltd / Sep 26 Flying Cement Company Limited(FLYNG)	10.8000 ▲ 0.30 (2.38%)
Altern Energy / Sep 26 Altern Energy Limited(ALTN)	27.1500 ▲ 0.60 (2.26%)
Reliance Ins. / Sep 26 Reliance Insurance Company Limited(RICL)	7.2400 ▲ 0.14 (1.97%)
Sazgar Engg. / Sep 26 Sazgar Engineering Works Limited(SAZEW)	179.4300 ▲ 3.42 (1.94%)
P. Datacom / Sep 26 Pak Datacom Limited(PAKD)	63.2000 ▲ 0.95 (1.53%)
Agritech / Sep 26 Agritech Limited(AGL)	5.3700 ▲ 0.17 (1.34%)

Stock	Price
Saudi Pak Leas. / Sep 26 Saudi Pak Leasing Company Limited(SPLC)	1.9500 ▼ 0.54 (-27.69%)
Ferozsons Lab. / Sep 26 Ferozsons Laboratories Limited(FEROZ)	429.9993 ▼ 53.00 (-11.01%)
Al-Mali / Sep 26 Modaraba Al-Mali(MODAM)	6.2500 ▼ 1.10 (-10.00%)
PICIC Insurance / Sep 26 PICIC Insurance Limited(PIL)	1.3900 ▼ 0.18 (-9.02%)
Invest Cap. Bank / Sep 26 Invest Capital Investment Bank Limited(ICIBL)	1.1800 ▼ 0.17 (-8.18%)
K.S.B. Pumps / Sep 26 KSB Pumps Company Limited(KSBP)	327.0000 ▼ 47.00 (-7.88%)
Tri-Pack Films / Sep 26 Tri-Pack Films Limited(TRIPF)	181.9000 ▼ 18.15 (-7.82%)
Gadoon Tex. / Sep 26 Gadoon Textile Mills Limited(GADT)	225.0000 ▼ 15.95 (-7.09%)
Dandot Cement / Sep 26 Dandot Cement Company Limited(DNCC)	8.6500 ▼ 0.60 (-6.94%)
Ruby Tex. / Sep 26 Ruby Textile Mills Limited(RUBY)	7.5000 ▼ 0.69 (-6.44%)

Stock	Volume
Hascol Petroleum / Sep 26 Hascol Petroleum Limited(HASCOL)	31,993,500 ▼ 1.45
K-Electric Ltd / Sep 26 K-Electric Limited(KEL)	31,680,000 ▼ 0.15
Unity Foods / Sep 26 Unity Foods Limited(UNITY)	28,537,500 ▼ 0.65
Byco Petr. / Sep 26 Byco Petroleum Pakistan Limited(BYCO)	18,485,500 ▼ 1.39
Aisha Steel(ConPS) / Sep 26 Aisha Steel(ConPS)(ASLPS)	16,743,000 ▼ 0.03
Power Cement / Sep 26 Power Cement Limited(POWER)	16,317,500 ▼ 0.52
Askari Bank / Sep 26 Askari Bank Limited(AKBL)	13,025,500 ▼ 0.43
Pak Int.Bulk Ter / Sep 26 Pakistan International Bulk Terminal Limited(PIBTL)	12,774,000 ▼ 0.48
P.T.C.L.A / Sep 26 Pakistan Telecommunication Company Ltd(PTC)	11,948,500 ▼ 0.45
Jahangir Sid. Co. / Sep 26 Jahangir Siddiqui & Co. Ltd.(JSCL)	10,145,000 ▼ 2.00

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 26	165.80
USD PKR Interbank Buying / Sep 26	165.70
USD to Japanese Yen / Sep 26	105.58
USD to Swiss Franc / Sep 26	0.93
Pound Sterling to USD / Sep 26	1.27
Euro to USD / Sep 26	1.16

Stock	Volume
S&P 500 / Sep 26	3298.46
India Sensex / Sep 26	37388.66
Tokyo Nikkei / Sep 26	23204.62
Nasdaq / Sep 26	10913.56
Hang Seng / Sep 26	23235.42
FTSE 100 / Sep 26	5842.67
Dow Jones / Sep 26	27173.96
Germany DAX 30 / Sep 26	12469.20
France CAC40 / Sep 26	4729.66

Indicator	Value
Weekly Foreign Reserves / Sep 24	19959.00
GDP Growth % / Sep 24	5.40
Foreign Debt (PKR billions) / Sep 24	15087.50
Per Capita Income USD (CPI) / Sep 24	1516.00
Average CPI % / Sep 24	11.11
UK LIBOR % / Sep 26	0.08