News stories for Reuters - Business Recorder

Reuters

World

Canada's economic recovery falters amid renewed COVID-19 restrictions

The Jan. 11-18 Reuters poll of over 40 economists predicted the economy, which grew a record annualized 40.5% in the third quarter of 2020.
It was expected to grow just 0.7% this quarter - the weakest since polling began for that period in October 2019.

Published 18 Jan, 2021 06:43pm

World

Turkmenistan registers Russia's Sputnik V vaccine, says RDIF

The vaccine was approved under the emergency use authorisation procedure without additional clinical trials in Turkmenistan.

Published 18 Jan, 2021 06:41pm

Business & Finance

German economy at risk of 'sizeable setback' if curbs extended: Bundesbank

Germany has taken increasingly tight measures, such as closing some schools and shops.
If infections failed to ease significantly and current restrictions on economic activity were to persist or even be tightened, there could be a sizeable setback.

Published 18 Jan, 2021 06:37pm

Business & Finance

Lufthansa reaches deal with Eurowings on jobs

Some 2,000 ground staff and cabin crew at Eurowings will have their jobs secured until March 31, 2022.
The trade union is also in talks about the possibility of Eurowings recruiting employees who lost their jobs at Lufthansa.

Published 18 Jan, 2021 06:32pm

Markets

Turkey postpones tender to buy 400,000 tonnes wheat

The was originally due to close on Tuesday, Jan. 19, but will now close on Friday, Jan. 22, they said.
The reason was believed to be bad weather with snow in Turkey disrupting transport of participants to the tender meeting

Published 18 Jan, 2021 06:29pm

Markets

Russian rouble slumps on renewed sanctions risk, weak oil prices

An additional negative for the rouble could be the authorities' decision to arrest Alexei Navalny.
The dollar-denominated RTS index was down 0.6% at 1,465.4 points. The rouble-based MOEX Russian index was up 0.1% at 3,455.7 points.

Published 18 Jan, 2021 06:24pm

Markets

Gold drifts higher from 1-1/2 month low despite buoyant dollar

Dollar index hits four-week high.
Janet Yellen nominated for US Treasury secretary.

Published 18 Jan, 2021 06:15pm

Business & Finance

ECB's latest stimulus expected to have little impact on euro zone economy

Despite the ECB's decision to top up its pandemic emergency purchases by half a trillion euros to 1.85 trillion euros and extend the programme for nine months.
It was then expected to expand 2.3%, 1.9% and 1.0% in the second, third and fourth quarters.

Published 18 Jan, 2021 06:11pm

World

France can vaccinate 2.4mn people by end of February

During a visit to a vaccination centre in the eastern city of Grenoble, Veran told reporters that France had now set up about 800 such centres.
With the acceleration of the vaccination campaign in retirement homes, we will comfortably reach our goal of 1 million French people vaccinated by the end of this month.

Published 18 Jan, 2021 06:08pm

Markets

Palm oil snaps 5-day losing streak on fears of lower output

Palm ends five-day decline.
Contract logs lowest closing since Dec. 3.
Demand low, supply tight –broker.

Published 18 Jan, 2021 06:02pm

World

Thai private hospitals reserve COVID-19 vaccines ahead of approval

We ordered one million doses of the Sinovac vaccine with an option to buy nine million more," Boon Vanasin.
"We can't just wait for the government," Boon said, adding that it was not clear how many doses from the government's vaccine stockpile would reach private hospital workers.

Published 18 Jan, 2021 06:00pm

World

Kuwait emir accepts cabinet resignation in government-assembly standoff

It also complicates the government's efforts to tackle the worse economic crisis in the wealthy Gulf state.
The motion to question Sheikh Sabah, prime minister since late 2019, was submitted by three lawmakers on Jan. 5.

Published 18 Jan, 2021 05:57pm

World

China reports more than 100 new COVID cases as New Year holiday exodus looms

Sixth consecutive day of more than 100 daily cases.
City of Gongzhuling in Jilin province latest to lock down.
More than 29 million people in lockdown.
National wave risk as Lunar New Year holiday looms.

Published 18 Jan, 2021 05:55pm

World

'Every week counts' as Austria, Greece, Denmark seek quick EU OK for AstraZeneca vaccine

EMA, the EU drugs regulator, said last week it would review the vaccine developed by AstraZeneca and Britain's Oxford University this month under an accelerated timeline.
We expect that work be done day and night, that a decision be reached unbureaucratically and that Europe not fall behind.

Published 18 Jan, 2021 05:52pm

Markets

Use your licence or lose it, UK financial watchdog tells firms

The FCA said that to reduce the risk of harm, it was asking financial investment firms to either use their licences once granted, or risk losing them.
This is why we're today calling on firms to review their permissions and ensure they reflect current business models.

Published 18 Jan, 2021 05:51pm

World

Brazil to begin vaccination campaign on Monday afternoon

Vaccination by the states can start at 5 p.m. (2000 GMT) on Monday, Pazuello said in a statement.
The states asked the government to bring forward the roll-out of the only vaccine available.

Published 18 Jan, 2021 05:49pm

Business & Finance

India's Jindal Steel in talks to get COVID-19 vaccines for employees

Will try to get these doses after completion of all frontline COVID warriors' vaccination.
India is currently using Britain's Oxford University/AstraZeneca vaccine, which is also being produced in India.

Published 18 Jan, 2021 05:45pm

Markets

China ramp up to rein in aluminium price bulls

US and Western Europe aluminium deficit around 4 mln T each.
JPMorgan expects 2.4 million tonne surplus this year.

Published 18 Jan, 2021 05:44pm

Markets

Most currencies flat, zloty inches lower after central bank governor's comments

Polish central bank chief Adam Glapinski said on Friday that interest rates could drop below zero if the COVID-19 pandemic causes further.
The Polish bank left its base rate unchanged at 0.1% last Wednesday.

Published 18 Jan, 2021 05:42pm

Business & Finance

AT&T to cut Slovakia workforce, unions expect 300 jobs to go

AT&T Global Network Services Slovakia has operated in the central European country for more than a decade.
The US company employs around 2,800 people in the country of 5.5 million, where unemployment has risen to 7.4%, from 5.2%.

Updated 18 Jan, 2021 05:42pm

Gainers
Losers
Leaders

Stock	Price
Colony Textile / Jan 21 Colony Textile Mills Limited(CTM)	6.34 ▲ 1.09 (12.61%)
Hala Enterpries / Jan 21 Hala Enterprises Limited(HAEL)	10.60 ▲ 1.11 (10.42%)
Saudi Pak Leas. / Jan 21 Saudi Pak Leasing Company Limited(SPLC)	1.70 ▲ 0.28 (10.39%)
Saritow Sp. / Jan 21 Saritow Spinning Mills Limited(SSML)	11.00 ▲ 1.20 (10.00%)
Jubilee Sp. / Jan 21 Jubille Spinning & Weaving Mills Limited(JUBS)	5.75 ▲ 0.62 (8.90%)
Safe Mix / Jan 21 Safe Mix Concrete Limited(SMCPL)	8.00 ▲ 0.89 (8.70%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	12.97 ▲ 0.97 (8.08%)
Cyan Ltd / Jan 21 Cyan Limited(CYAN)	50.48 ▲ 3.52 (7.50%)
Friesland. Engro / Jan 21 Frieslandcampins Engro Foods Limited(FCEPL)	87.32 ▲ 8.42 (7.50%)
Fazal Cloth / Jan 21 Fazal Cloth Mills Limited(FZCM)	198.76 ▲ 13.86 (7.50%)

Stock	Price
Al-Mali / Jan 21 Modaraba Al-Mali(MODAM)	4.60 ▼ 0.37 (-12.05%)
Premier Ins. / Jan 21 Premier Insurance Limited(PINL)	5.00 ▼ 0.74 (-8.93%)
PICIC Insurance / Jan 21 PICIC Insurance Limited(PIL)	1.33 ▼ 0.06 (-8.90%)
Habib Metro Mod / Jan 21 Habib Metro Modaraba(HMM)	7.50 ▼ 0.00 (-7.98%)
F.Treet Manuf.Mod / Jan 21 First Treet Manufacturing Modaraba(FTMM)	16.16 ▼ 0.00 (-7.50%)
Data Agro / Jan 21 Data Agro Limited(DAAG)	15.80 ▼ 0.72 (-7.49%)
Ahmad Hassan / Jan 21 Ahmad Hassan Textile Mills Limited(AHTM)	45.54 ▼ 0.00 (-6.95%)
Suraj Cotton / Jan 21 Suraj Cotton Mills Limited(SURC)	230.00 ▼ 0.00 (-6.12%)
Allied Rental Mod / Jan 21 Allied Rental Modaraba(ARM)	9.51 ▼ 0.00 (-5.37%)
Samin Textile / Jan 21 Samin Textiles Limited(SMTM)	8.00 ▼ 0.90 (-5.33%)

Stock	Volume
K-Electric Ltd / Jan 21 K-Electric Limited(KEL)	102,132,000 ▼ 0.34
SILKBANK / Jan 21 Silkbank Limited(SILK)	42,706,000 ▼ 0.12
Unity Foods / Jan 21 Unity Foods Limited(UNITY)	41,064,248 ▼ 1.85
Hum Network / Jan 21 Hum Network Limited(HUMNL)	38,635,500 ▼ 0.73
Power Cement / Jan 21 Power Cement Limited(POWER)	28,183,000 ▼ 0.53
Pak Int.Bulk Ter / Jan 21 Pakistan International Bulk Terminal Limited(PIBTL)	24,577,000 ▼ 0.64
TRG Pak. / Jan 21 TRG Pakistan Limited(TRG)	21,702,000 ▼ 2.21
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	21,122,000 ▼ 0.97
Jahangir Sid. Co. / Jan 21 Jahangir Siddiqui & Co. Ltd.(JSCL)	16,825,000 ▼ 2.08
Fauji Foods / Jan 21 Fauji Foods Limited(FFL)	14,496,500 ▼ 0.70

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 21	160.55
USD PKR Interbank Buying / Jan 21	160.45
USD to Japanese Yen / Jan 21	103.54
USD to Swiss Franc / Jan 21	0.89
Pound Sterling to USD / Jan 21	1.37
Euro to USD / Jan 21	1.21

Stock	Volume
S&P 500 / Jan 21	3851.85
India Sensex / Jan 21	49792.12
Tokyo Nikkei / Jan 21	28523.26
Nasdaq / Jan 21	13457.25
Hang Seng / Jan 21	29962.47
FTSE 100 / Jan 21	6740.39
Dow Jones / Jan 21	31188.38
Germany DAX 30 / Jan 21	13921.37
France CAC40 / Jan 21	5628.44