News stories for Reuters - Business Recorder

Reuters

Markets

European shares lower after vaccine shots dull COVID economic pain

Markets were keeping an eye on talks between Britain and the European Union on a trade deal, with less than a month to go before the UK's full departure from the EU.

Published 03 Dec, 2020 04:00pm

World

Poland, Hungary have to behave responsibly on EU recovery fund, Spain's Foreign minister says

"Spain wants Poland, Hungary to behave responsibly on EU rescue funds," Gonzalez Laya said to Bloomberg TV, adding that both countries have a responsibility towards their own citizens and companies who need the money.

Published 03 Dec, 2020 03:50pm

Markets

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below.

Published 03 Dec, 2020 03:49pm

Markets

Kenyan shilling weakens against the dollar, dual rates resolved

The shilling weakened to an intra-day low of 111.50/70 at the start of trading, from Wednesday's close of 110.70/90.

Published 03 Dec, 2020 03:46pm

World

Germany is a victim of early COVID-19 success, RKI chief says

He said that as more people experienced the disease, either directly or in their immediate environment, he expected the level of compliance with social distancing guidelines would rise.

Published 03 Dec, 2020 03:44pm

World

EU envoys hope for a Brexit trade deal in days, UK sees progress

A British minister said he believed "good progress" was being made at talks but cautioned that London would not sign up to a deal that was not in its interest.

Published 03 Dec, 2020 03:42pm

Business & Finance

Toronto home sales climb in November, but condo prices ease

The average selling price for a condo in the region slipped 2pc to C$605,863, with condo prices falling around 8pc in Toronto's dense downtown core.

Published 03 Dec, 2020 03:35pm

World

Worldwide coronavirus cases cross 64.26 million, death toll at 1,492,676

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 03 Dec, 2020 03:34pm

Business & Finance

Norway's Nov housing prices rose 0.8pc seasonally adjusted vs Oct

On a year-on-year basis prices increased by 7.8pc in November, up from 7.1pc in October, Real Estate Norway said.

Published 03 Dec, 2020 03:30pm

Markets

Indonesia 2021 crude palm oil output seen at 49mn tonnes

Meanwhile, GAPKI expected the world's biggest producer of the vegetable oil to export 36 million tonnes of palm oil next year, up from an estimated 32.27 million tonnes in 2020.

Published 03 Dec, 2020 03:28pm

Markets

OPEC+ working on compromise for 2021 oil policy, sources say

OPEC+ sources have said Russia, Iraq, Nigeria and the United Arab Emirates have all to a certain extent expressed interest in supplying the market with more oil in 2021.

Published 03 Dec, 2020 03:20pm

World

U.S. prosecutors investigating potential White House 'bribery-for-pardon' scheme

The U.S. Justice Department is investigating a potential crime related to funneling money to the White House in exchange for a presidential pardon, according to court documents unsealed in federal court.

Published 03 Dec, 2020 12:26pm

World

Australia approves tough new veto powers over foreign agreements amid China row

Australia’s parliament on Thursday passed legislation giving the federal government power to veto any agreement struck with foreign states, a move likely to anger China and intensify a bitter diplomatic spat between the two countries.

Published 03 Dec, 2020 12:03pm

World

United States issues travel curbs for Chinese Communist Party members

U.S. President Donald Trump’s administration on Wednesday issued new rules to restrict travel Chinese Communist Party members’ and their families’ travel to the United States.

Published 03 Dec, 2020 11:58am

Business & Finance

Chinese firms on U.S. exchanges threatened by bill headed to Trump's desk

The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law.

Published 03 Dec, 2020 11:07am

Technology

Uber in advanced talks to sell air taxi unit: Axios

Uber has been working on various other businesses, including the development of self-driving cars, the Elevate project and a freight logistics network.

Published 03 Dec, 2020 11:05am

Business & Finance

Xiaomi shares slide 7.1% after finalising $3.9 billion in equity deal

The company said 1 billion shares were sold at HK$23.70 each as part of the top up deal that was carried out overnight. The final price was a 9.4% discount to Xiaomi’s closing price of HK$26.15 on Tuesday.

Published 03 Dec, 2020 11:03am

Business & Finance

Oil drops as OPEC+ resume talks on output cut extension after impasse

Brent crude was down 15 cents, or 0.3%, at $48.10 a barrel by 0155 GMT, after gaining 1.8% on Wednesday.

Published 03 Dec, 2020 10:12am

Business & Finance

Dollar wallows near two-and-a-half-year low on vaccine, stimulus optimism

Investors expect lawmakers to reach a deal eventually with the two parties also facing a Dec. 11 deadline to pass a $1.4 trillion budget or risk a shutdown of the government.

Published 03 Dec, 2020 10:11am

Business & Finance

The new black gold? Big Oil bets on retail networks in an electric era

Europe’s big oil firms, however, have another card to play: their vast global networks of filling stations.

Published 03 Dec, 2020 10:08am

Gainers
Losers
Leaders

Stock	Price
A. Shah Ghazi / Dec 6 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.0500 ▲ 0.55 (10.00%)
BIPL securities / Dec 6 BIPL Securities Limited(BIPLS)	10.9800 ▲ 0.98 (9.80%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	4.3000 ▲ 0.30 (7.50%)
Amreli Steels / Dec 6 Amreli Steels Limited(ASTL)	44.8158 ▲ 2.94 (6.61%)
United Ins. / Dec 6 The United Insurance Company(UNIC)	8.1900 ▲ 0.44 (5.68%)
Telecard / Dec 6 Telecard Limited(TELE)	1.9000 ▲ 0.10 (5.56%)
National Refinery / Dec 6 National Refinery Limited(NRL)	231.1000 ▲ 11.10 (5.05%)
At-Tahur Ltd. / Dec 6 At-Tahur Limited(PREMA)	17.8500 ▲ 0.85 (4.65%)
Jahangir Sid. Co. / Dec 6 Jahangir Siddiqui & Co. Ltd.(JSCL)	28.6685 ▲ 1.57 (4.59%)
Dewan Farooq. Spin. / Dec 6 Dewan Farooque Spinning Mills Limited(DFSM)	2.0900 ▲ 0.09 (4.50%)

Stock	Price
Nishat Power / Dec 6 Nishat Power Limited(NPL)	23.0000 ▼ 0.42 (-1.83%)
Descon Oxy. / Dec 6 Descon Oxychem Limited(DOL)	32.7889 ▼ 0.39 (-0.69%)
Pak Oilfields / Dec 6 Pakistan Oilfields Limited(POL)	408.9000 ▼ 2.55 (-0.04%)
Askari Bank / Dec 6 Askari Bank Limited(AKBL)	19.6000 ▼ 0.00 (0.00%)
Highnoon / Dec 6 Highnoon Laboratories Limited(HINOON)	635.0000 ▼ 0.00 (0.00%)
Nat. Bank / Dec 6 National Bank of Pakistan(NBP)	40.4100 ▼ 0.00 (0.00%)
Pak Oxygen / Dec 6 Pakistan Oxygen Limited(PAKOXY)	161.5000 ▼ 0.00 (0.00%)
Kohinoor Energy / Dec 6 Kohinoor Energy Limited(KOHE)	34.9000 ▼ 0.00 (0.00%)
Kohinoor Mills / Dec 6 Kohinoor Mills Limited(KML)	35.0000 ▼ 0.00 (0.00%)
Pak. Int. Airlines (A) / Dec 6 Pakistan International Airlines Corporation Limited (A)(PIAA)	4.5000 ▼ 0.00 (0.00%)

Stock	Volume
TRG Pak. / Dec 6 TRG Pakistan Limited(TRG)	29,694,500 ▼ 3.53
Pakistan Refinery / Dec 6 Pakistan Refinery Limited(PRL)	20,285,000 ▼ 0.59
Aisha Steel / Dec 6 Aisha Steel Mills Limited(ASL)	16,073,000 ▼ 0.62
P.T.C.L.A / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	11,941,000 ▼ 0.40
Agha Steel / Dec 6 Agha Steel Industries Limited(AGHA)	11,802,500 ▼ 1.61
K-Electric Ltd / Dec 6 K-Electric Limited(KEL)	11,342,000 ▼ 0.05
Amreli Steels / Dec 6 Amreli Steels Limited(ASTL)	7,561,500 ▼ 2.94
Unity Foods / Dec 6 Unity Foods Limited(UNITY)	7,552,000 ▼ 0.41
Hascol Petroleum / Dec 6 Hascol Petroleum Limited(HASCOL)	7,478,013 ▼ 0.23
Maple Leaf / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	6,442,231 ▼ 0.52

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Dec 5	160.20
USD PKR Interbank Buying / Dec 5	160.10
Pound Sterling to USD / Dec 5	1.34
Euro to USD / Dec 5	1.21

Stock	Volume
S&P 500 / Dec 5	3699.12
India Sensex / Dec 5	45079.55
Tokyo Nikkei / Dec 5	26751.24
Nasdaq / Dec 5	12464.23
Hang Seng / Dec 5	26835.92
FTSE 100 / Dec 5	6550.23
Dow Jones / Dec 5	30218.26
Germany DAX 30 / Dec 5	13298.96
France CAC40 / Dec 5	5609.15

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Dec 4	20241.80
GDPGROWTH / Dec 4	1.00
Foreign Debt (PKR billions) / Dec 4	17000.00
Average CPI % / Dec 4	11.11
UK LIBOR % / Dec 5	0.08