News stories for Reuters - Business Recorder

Reuters

World

Syria's health ministry denies local report on Chinese vaccine arrival

Al Watan newspaper had reported earlier on Wednesday that vaccinations of healthcare workers would start on Thursday but it did not specify the quantity of vaccines that had arrived or the type.
All what was mentioned in some media .... about the arrival or the distribution of the coronavirus vaccine will be clarified tomorrow in detail.

Published 24 Feb, 2021 07:18pm

Markets

UK 30-year gilt yields on track for highest close since July 2019

Thirty-year gilt yields peaked at 1.426% .
Ten-year gilt yields were 5 basis points higher on the day at 0.77%, their highest since March 2020.

Published 24 Feb, 2021 07:18pm

Markets

Russia to lift oil exports from its Western ports by 5.6pc in March vs Feb

On a daily basis loadings will rise by 5.6% in March from the current month, Reuters calculations showed.
Russian flagship Urals oil loadings from Baltic ports will rise to 4.1 million tonnes from 3.6 million tonnes in February.

Published 24 Feb, 2021 07:12pm

Business & Finance

ABB's robots to meet post pandemic demand for workforce that never gets sick

More companies in pharmaceuticals, logistics, electronics and food and beverage manufacturing want to use robots, ABB said, with investment set to increase as companies emerge from lockdowns.
Customers want to be independent of these fluctuations in future.

Published 24 Feb, 2021 07:10pm

World

EU bets on data to prepare for climate change impacts

As European Union countries attempt to eliminate their net greenhouse gas emissions by 2050, they will still face decades of climate-related impacts, locked in from previous years' emissions.
If we step up work on adaptation today, we can make the EU and the planet much better prepared for the unavoidable changes we will face tomorrow.

Published 24 Feb, 2021 07:08pm

Markets

Jordan gets at least 3 participants in 120,000 tonne wheat tender

Participants were believed to be CHS, Cerealcom Dolj and Bulgarian trading house Buildcom, they said.
No purchase has yet been made and results are expected later on Wednesday, traders said.

Published 24 Feb, 2021 07:08pm

World

Germany approves COVID home tests to ease way out of lockdown

The government expects such tests will cost it up to 810 million euros ($985 million) a month for 30 million to 45 million tests.
In England, volunteers and police have handed out COVID-19 testing kits to try to halt the spread of a highly infectious variant that originated in South Africa.

Published 24 Feb, 2021 07:00pm

Business & Finance

Suzuki Motor's 91-year-old chairman waves goodbye after decades-long career

Osamu told reporters on Wednesday he decided to retire after the company welcomed its 100th anniversary last year and the approval of its new management plan.
"I will neither run away nor hide," the patriarch said, who has repeatedly declared in the past he will be a "lifelong non-retiree".

Published 24 Feb, 2021 06:58pm

Markets

South Korea's KOCOPIA bought about 60,000 tonnes corn

It was bought in one consignment for arrival in South Korea around May 20. Seller was believed to be trading house Viterra.
Shipment was between March 25 and April 15 if sourced from the US Gulf or April 15 and May 5 if sourced from the US Pacific Northwest coast.

Published 24 Feb, 2021 06:57pm

Markets

Turkish lira extends decline after gov't defends past policies

The lira weakened as far as 7.1840 and stood at 7.17 against the US currency at 1200 GMT, compared to a close of 7.11 on Tuesday.
"Some are sure that he will be appointed energy minister but Erdogan will decide. There are also those in the party that say this is not possible," the official told Reuters.

Published 24 Feb, 2021 06:54pm

Business & Finance

Swiss industry calls for extension to short-time work scheme

The maximum period for short-time work compensation needs to be raised to 24 months," said Martin Hirzel, president of Swissmem.
Swissmem said annual orders for its members fell by 6.5% in 2020 compared with a year earlier, while sales fell 9.8%. The number of people working in the sector fell by 2% to 319,300.

Published 24 Feb, 2021 06:51pm

Sports

India renames world's largest cricket stadium after PM Modi

The name change to the Narendra Modi Stadium was unveiled at the 132,000-seat venue formerly known as Sardar Patel Stadium in Ahmedabad, in the western state of Gujarat, where India are playing England in the third match of a four-game test series.
"World's largest stadium dedicated to the world's largest personality!," Priti Gandhi, a BJP spokeswoman, said in a tweet.

Published 24 Feb, 2021 06:50pm

Business & Finance

RBC, National Bank beat profit estimates on capital markets strength

The largest and smallest of Canada's six major lenders joined rivals Bank of Montreal and Bank of Nova Scotia , which also reported profit beats on Tuesday driven by similar factors.
Canadian banks have also largely avoided an increase in soured loans thanks to several government assistance measures.

Published 24 Feb, 2021 06:46pm

Markets

Higher share trading tax clouds outlook for Hong Kong exchange

The announcement sent shares in Hong Kong Exchanges and Clearing (HKEX) down 11%. Its shares closed down 8.8% at HK$509, the biggest daily percentage fall in five-and-a-half years.
The city's budget deficit is expected to hit a record HK$257.6 billion ($33.2 billion) for 2020/21.

Published 24 Feb, 2021 06:44pm

Business & Finance

Fisker to collaborate with Foxconn on electric vehicle project, shares jump

As part of the deal, codenamed "Project PEAR" (Personal Electric Automotive Revolution), Foxconn will manufacture the vehicles at projected annual volumes of more than 250,000.
It marks the latest move by Foxconn, a major Apple Inc supplier, into autos. Foxconn has previously signed similar deals with Chinese startup Byton and automaker Fiat Chrysler in January.

Published 24 Feb, 2021 06:42pm

Markets

Indian shares surge in glitch-ridden session as banks gain

The NSE Nifty 50 index ended 1.86% higher at 14,982.00, while the S&P BSE Sensex rose 2.07% to 50,781.69.
The top three boosts to the Nifty 50 were financial and banking stocks, which surged in extended trading, pushing the Nifty private bank index higher by 3.9%.

Published 24 Feb, 2021 06:40pm

Business & Finance

ExxonMobil to sell some UK, North Sea assets to HitecVision for over $1bn

Exxon has been looking to sell its oil and gas assets since late 2019, seeking to free up cash to focus on a handful of mega-projects.
Exxon's share of production from these fields was about 38,000 barrels of oil equivalent per day in 2019, the company said.

Published 24 Feb, 2021 06:38pm

Business & Finance

Iberdrola to triple clean power fleet by 2030, welcomes offshore competition

Company targets 95GW of clean capacity by 2030.
Plans to bid in offshore wind auctions in next 18 months.
High bids from new developers benefit own valuations- CEO.

Published 24 Feb, 2021 06:36pm

Business & Finance

CVS Health to administer COVID-19 vaccines in six more states

About 44.5 million people in the United States had received at least one dose of the two-shot vaccines developed by Pfizer Inc and BioNTech SE or Moderna Inc , as of Tuesday morning.

Published 24 Feb, 2021 06:33pm

Markets

Qatar's Commercial Bank sells $500mn in AT1 bonds: document

It had given initial price guidance of around 4.75% for the bonds, which are non-callable for five years.
Barclays, Credit Suisse, Deutsche Bank , HSBC, JPMorgan and QNB Capital arranged the deal.

Published 24 Feb, 2021 06:28pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Feb 26 786 Investments Limited(786)	10.52 ▼ 0.00 (0.00%)
AL- Abbas / Feb 26 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 26 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 26 Allied Bank Limited(ABL)	80.72 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 26 Abbott Laboratories (Pakistan) Limited(ABOT)	746.49 ▼ 0.00 (0.00%)
Abson Ind. / Feb 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 26 Attock Cement Pakistan Limited(ACPL)	188.56 ▼ 0.00 (0.00%)
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.23 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Feb 26 786 Investments Limited(786)	10.52 ▼ 0.00 (0.00%)
AL- Abbas / Feb 26 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 26 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 26 Allied Bank Limited(ABL)	80.72 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 26 Abbott Laboratories (Pakistan) Limited(ABOT)	746.49 ▼ 0.00 (0.00%)
Abson Ind. / Feb 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 26 Attock Cement Pakistan Limited(ACPL)	188.56 ▼ 0.00 (0.00%)
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.23 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 26	158.40
USD PKR Interbank Buying / Feb 26	158.30
USD to Japanese Yen / Feb 26	106.37
USD to Swiss Franc / Feb 26	0.91
Pound Sterling to USD / Feb 26	1.40
Euro to USD / Feb 26	1.22
UK LIBOR % / Feb 26	0.08

Stock	Volume
S&P 500 / Feb 26	3829.34
India Sensex / Feb 26	51039.31
Tokyo Nikkei / Feb 26	30168.27
Nasdaq / Feb 26	13119.43
Hang Seng / Feb 26	30074.17
FTSE 100 / Feb 26	6651.96
Dow Jones / Feb 26	31402.01
Germany DAX 30 / Feb 26	13879.33
France CAC40 / Feb 26	5783.89