News stories for Reuters - Business Recorder

Reuters

Markets

Oil shrugs off U.S. inventory gain amid sustained vaccine rally

Brent crude was up 53 cents, or 1.1pc, at $48.39 a barrel by 0956 GMT, having risen almost 4pc in the previous session.

Published 25 Nov, 2020 04:33pm

Markets

Indian shares slide as investors lock in gains after record high

Eleven of the 12 sectoral indexes ended lower, with the pharmaceutical and real estate indexes falling more than 2pc each. IT stocks fell 1.62pc.

Published 25 Nov, 2020 04:31pm

Markets

South Korean mills buy about 80,000 tonnes wheat from U.S.

The Taiwan Flour Millers' Association also purchased an estimated 82,220 tonnes of milling wheat to be sourced from the United States in a tender which closed on Wednesday, European traders said.

Published 25 Nov, 2020 04:28pm

Markets

Palm gains as stronger crude, rival oils off weigh demand slump

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed up 1.11pc at 3,285 ringgit ($804.16) a tonne.

Published 25 Nov, 2020 04:26pm

Markets

Thailand buyer purchases 60,000 T feed wheat, 79,000 T barley

The barley purchase involved one consignment for February 2021, shipment bought from Cofco and one for March 2021, shipment from ADM, traders said.

Published 25 Nov, 2020 04:24pm

World

Biden to discuss coronavirus response as Thanksgiving holiday nears

He said the team, which includes trusted aide Antony Blinken as his nominee for U.S. secretary of state, would shed "old thinking and unchanged habits" in its approach to foreign relations.

Published 25 Nov, 2020 04:21pm

Markets

UK GAS-Prompt prices rise as temperatures and wind power output fall

Traders said wind power output was expected to plummet from Thursday, while colder temperatures were also forecast for the rest of the week.

Published 25 Nov, 2020 04:20pm

World

Iran records highest daily coronavirus infections of 13,843, TV reports

Iran's health officials have voiced alarm over a surge in infections, urging the nation to adhere to the health protocols, including wearing face masks and social distancing.

Published 25 Nov, 2020 04:17pm

Business & Finance

Saudi central bank governor says measures to stem COVID-19 impact could be extended

Speaking to state-owned Al Arabiya, Ahmed al-Kholifey also said there was no plan to introduce new liquidity measures.

Published 25 Nov, 2020 04:13pm

World

India import hurdles hit Apple iPhone, Xiaomi devices from China, say sources

Applications to the quality control agency, the Bureau of Indian Standards (BIS), typically used to be processed within 15 days, but some are now taking up to two months or longer.

Updated 25 Nov, 2020 04:45pm

World

Car crashes into gate of Merkel's office

There were no immediate reports of casualties and it was not clear if Merkel was inside the building. Dozens of police and a fire engine attended the incident. The driver, who appeared to be in late middle age, was taken away in a wheelchair.

Published 25 Nov, 2020 03:51pm

World

EU drafts deal to upgrade 2030 climate change target next month

The current 2030 target for EU members, who together make up the European Council, is a 40% cut in emissions from 1990 levels, already higher than the amount pledged by other big emitters such as China and the United States.

Published 25 Nov, 2020 03:47pm

Business & Finance

Oil prices rally further on vaccine optimism despite inventory rise

Brent crude was up 54 cents, or 1.1%, at $48.40 a barrel by 0247 GMT, having risen almost 4% in the previous session. West Texas Intermediate crude gained 47 cents, or 1.1%, to $45.38 a barrel, after rising more than 4% on Tuesday.

Published 25 Nov, 2020 10:10am

Business & Finance

Luxury fans in China chase neat shot of investment with vintage Moutai liquor

Amid China’s recovery from the coronavirus pandemic, Moutai buyers like Beijing tech worker Yang Nan have seen re-sale prices for vintage and limited editions of the ‘baijiu’ spirit made by Kweichow Moutai rocket as demand booms. And they want in on the action, before it’s too late.

Published 25 Nov, 2020 10:08am

Business & Finance

Flirting with record highs: European stocks back to normal in 2021

A Reuters poll of 26 fund managers, strategists and brokers surveyed over the past two weeks expects the STOXX 600 to climb to 430 points by the end of 2021, just a whisker below February’s record highs, as economic activity returns to normal following the COVID-19 downturn.

Published 25 Nov, 2020 10:06am

Business & Finance

After borrowing surge, UK's Sunak to announce more spending

Sunak will announce extra investment to ease a backlog in the health system, counter a surge in unemployment and build new infrastructure in a one-year Spending Review that he is due to deliver to parliament at around 1230 GMT.

Published 25 Nov, 2020 10:04am

Business & Finance

Dollar under pressure as risk appetite stages a comeback

The U.S. currency teetered near a two-month low against the Australian dollar and a two-year low against the New Zealand dollar, both considered barometers of risk sentiment due to their close ties with the global commodities trade.

Published 25 Nov, 2020 10:01am

Uttar Pradesh criminalises 'forced' religious conversions by marriage

he move follows a campaign by hardline Hindu groups against some interfaith marriages that they describe as “love jihad.

Published 25 Nov, 2020 09:28am

Pakistan

Pakistan gives UN a dossier on India after India submits one on Pakistan

The tit-for-tat moves come ahead of India joining the 15-member council for a two-year term starting Jan. 1, 2021.

Published 25 Nov, 2020 09:25am

World

Saudi cabinet says Houthi attacks target backbone of global economy, security of its supplies: SPA

The cabinet also stressed the importance of facing up to “such sabotage and terrorist acts and the parties behind them.”

Published 25 Nov, 2020 09:20am

Gainers
Losers
Leaders

Stock	Price
Askari Gen. / Nov 27 Askari General Insurance Company Limited(AGIC)	24.7700 ▲ 1.27 (5.40%)
AL-Ghazi / Nov 27 Al-Ghazi Tractors Limited(AGTL)	370.0000 ▲ 9.00 (2.49%)
HBL Growth Fund / Nov 27 HBL Growth Fund(HGFA)	8.1000 ▲ 0.30 (1.92%)
S. S. Oil / Nov 27 S.S.Oil Mills Limited(SSOM)	67.0000 ▲ 1.01 (1.53%)
Reliance Ins. / Nov 27 Reliance Insurance Company Limited(RICL)	7.9400 ▲ 0.10 (1.28%)
Saritow Sp. / Nov 27 Saritow Spinning Mills Limited(SSML)	6.0000 ▲ 0.25 (1.22%)
Tata Textile / Nov 27 Tata Textile Mills Limited(TATM)	52.8600 ▲ 0.38 (0.63%)
United Ins. / Nov 27 The United Insurance Company(UNIC)	7.7450 ▲ 0.33 (0.40%)
Power Cement / Nov 27 Power Cement Limited(POWER)	9.6060 ▲ 0.50 (0.33%)
Philip Morris / Nov 27 Philip Morris (Pakistan) Limited(PMPK)	1450.0000 ▲ 34.74 (0.33%)

Stock	Price
First Pak Modaraba / Nov 27 First Pak Modaraba(PAKMI)	1.9300 ▼ 0.42 (-21.76%)
Ravi Textile / Nov 27 Ravi Textile Mills Limited(RAVT)	6.2000 ▼ 0.51 (-14.19%)
Service Tex. / Nov 27 Service Industries Textiles Limited(SERT)	17.5000 ▼ 2.30 (-11.54%)
Khyber Tob / Nov 27 Khyber Tobacco Company Limited(KHTC)	474.3000 ▼ 35.05 (-7.39%)
Gharibwal Cem. / Nov 27 Gharibwal Cement Limited(GWLC)	28.0000 ▼ 3.00 (-7.37%)
Systems Limited / Nov 27 Systems Limited(SYS)	366.0000 ▼ 36.02 (-7.35%)
Dost Steel / Nov 27 Dost Steels Limited(DSL)	5.0280 ▼ 0.88 (-6.77%)
J.A.Textile / Nov 27 J.A. Textile Mills Limited(JATM)	8.4200 ▼ 0.58 (-6.51%)
Crescent Star / Nov 27 Crescent Star Insurance Limited(CSIL)	2.7400 ▼ 0.24 (-6.32%)
Bilal Fibres / Nov 27 Bilal Fibres Limited(BILF)	1.5000 ▼ 0.09 (-6.00%)

Stock	Volume
Fauji Fert. Bin (R) / Nov 27 Fauji Fertilizer Bin Qasim Limited (R)(FFBLR)	20,878,000 ▼ 0.85
TRG Pak. / Nov 27 TRG Pakistan Limited(TRG)	16,909,500 ▼ 5.48
Hum Network / Nov 27 Hum Network Limited(HUMNL)	16,524,000 ▼ 0.40
Maple Leaf / Nov 27 Maple Leaf Cement Factory Limited(MLCF)	15,002,344 ▼ 2.24
Unity Foods / Nov 27 Unity Foods Limited(UNITY)	8,749,500 ▼ 0.46
Power Cement / Nov 27 Power Cement Limited(POWER)	8,249,000 ▼ 0.50
Pakistan Refinery / Nov 27 Pakistan Refinery Limited(PRL)	7,703,500 ▼ 0.85
Fauji Fert. Bin / Nov 27 Fauji Fertilizer Bin Qasim Limited(FFBL)	7,361,500 ▼ 1.55
Pak Int.Bulk Ter / Nov 27 Pakistan International Bulk Terminal Limited(PIBTL)	6,637,500 ▼ 0.38
Hascol Petroleum / Nov 27 Hascol Petroleum Limited(HASCOL)	6,574,294 ▼ 0.61

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Nov 27	159.40
USD PKR Interbank Buying / Nov 27	159.30
USD to Japanese Yen / Nov 27	104.25
USD to Swiss Franc / Nov 27	0.91
Pound Sterling to USD / Nov 27	1.34
Euro to USD / Nov 27	1.19

Stock	Volume
S&P 500 / Nov 27	3629.65
India Sensex / Nov 27	44259.74
Tokyo Nikkei / Nov 27	26537.31
Nasdaq / Nov 27	12094.40
Hang Seng / Nov 27	26819.45
FTSE 100 / Nov 27	6362.93
Dow Jones / Nov 27	29872.47
Germany DAX 30 / Nov 27	13286.57
France CAC40 / Nov 27	5566.79

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Nov 27	20085.60
UK LIBOR % / Nov 27	0.08
GDPGROWTH / Nov 27	1.00
Foreign Debt (PKR billions) / Nov 27	17000.00
Average CPI % / Nov 27	11.11