News stories for Reuters - Business Recorder

Reuters

World

France and Germany tell Turkey to stop provocations

Turkey withdrew the vessel last month, just before the EU summit, at which economic sanctions were discussed, only to redeploy it on Monday.

Published 15 Oct, 2020 05:05pm

World

Ireland's PM says EU can still get Brexit trade deal

"I think we still can get this resolved within the timeframe available to us," he told reporters ahead of a European Union summit in Brussels. "I think where there is a will there's a way."

Published 15 Oct, 2020 05:00pm

Markets

German bond yields at seven-month lows as COVID-19 cases surge

Yields on perceived safe-haven German government bonds for 10-year maturities fell more than 5 bps to -0.627pc, the lowest since mid-March. Yields have fallen nearly 10 bps this week.

Published 15 Oct, 2020 04:58pm

Markets

Sterling falls as EU leaders press for elusive Brexit trade deal

Although volatility has risen, sterling has not seen the plunges in value that it suffered in 2018 and 2019 before previous Brexit deal deadlines.

Published 15 Oct, 2020 04:56pm

Markets

Strategie Grains lifts 2020/21 EU wheat exports, cuts maize crop

In a monthly report, it forecast 2020/2121 exports outside the EU and Britain at 25.0 million tonnes, up from 23.0 million seen in September.

Published 15 Oct, 2020 04:54pm

Markets

Europe tumbles 2pc on COVID curbs and Brexit impasse

Wall Street was also set to add to losses from previous sessions as policymakers in the United States fail to agree on an economic stimulus package ahead of presidential elections next month.

Published 15 Oct, 2020 04:51pm

Markets

OPEC+ will ensure oil prices do not plunge again, says OPEC chief

A technical OPEC+ committee meeting is taking place on Thursday to discuss compliance with oil cuts and market fundamentals.

Published 15 Oct, 2020 04:49pm

Business

Walgreens forecasts 2021 profit growth after Q4 earnings beat

The company said it expects strong adjusted profit growth in the second half of 2021, as impact of the COVID-19 pandemic subsides, and supported by its recovery plans.

Published 15 Oct, 2020 04:45pm

Markets

Jordan issues new tender to buy 120,000 tonnes of wheat

Shipment is sought in a series of possible combinations in 60,000 tonne consignments.

Published 15 Oct, 2020 04:43pm

Business

Morgan Stanley Q3 profit jumps 26pc on trading boost

Net income applicable to common shareholders rose to $2.60 billion in the quarter ended Sept. 30, from $2.06 billion a year ago.

Published 15 Oct, 2020 04:40pm

Business

Dubai launches new program to attract remote workers

Residence for foreigners in Dubai has thus far been mainly linked to employment in the region, with workers sponsoring families.

Published 15 Oct, 2020 02:33pm

Life & Style

TV's serial killer drama 'Dexter' gets a revival

Michael C. Hall will once again play blood spatter specialist Dexter Morgan who works with the Miami police department and moonlights as a vigilante killer.

Published 15 Oct, 2020 01:01pm

World

'Long COVID' may affect multiple parts of body and mind, say doctors

Study states one common theme among ongoing COVID patients is that symptoms appear in one physiological area, such as the heart or lungs, only to abate and then arise again in a different area

Published 15 Oct, 2020 12:01pm

Business

U.S. State Department issues sanctions warning to banks over Hong Kong crackdown

In a report to Congress, the State Department named 10 people, including Hong Kong’s chief executive Carrie Lam, all of whom have already been sanctioned, and said within 60 days it would identify financial institutions that conduct significant transactions with them.

Published 15 Oct, 2020 10:46am

Business

IMF's Georgieva says private creditors, China need to fully participate in debt relief

Georgieva told a news conference that private creditor participation in a debt service suspension program for poor countries has been largely non-existent, with only three of 44 countries signed up for the program reaching out to private creditors.

Published 15 Oct, 2020 10:42am

Business

Oil prices hold gains after U.S. crude inventory draw

U.S. West Texas Intermediate (WTI) crude futures climbed 8 cents, or 0.2%, to $41.12 a barrel at 0430 GMT, while Brent crude futures rose 7 cents, or 0.2% to $43.39 a barrel.

Published 15 Oct, 2020 10:39am

Markets

China stocks down

BEIJING: China shares ended lower on Wednesday, with property firms among the biggest laggards, on mounting pressure...

Published 15 Oct, 2020 03:10am

Markets

Wednesday’s early trade: Main indexes inch higher

NEW YORK: Wall Street’s main indexes inched higher in choppy trading on Wednesday as investors digested a mixed ...

Published 15 Oct, 2020 03:10am

Markets

Most major Gulf markets fall; FAB aids Abu Dhabi

DUBAI: Most major stock markets in the Gulf ended lower on Wednesday, pressured by losses in financial shares, while...

Published 15 Oct, 2020 03:10am

Markets

European stocks dip

MILAN/FRANKFURT: European shares ended slightly lower on Wednesday, extending a decline from the previous day as...

Published 15 Oct, 2020 03:10am

Gainers
Losers
Leaders

Stock	Price
Saritow Sp. / Oct 31 Saritow Spinning Mills Limited(SSML)	4.6000 ▲ 0.89 (23.99%)
Drekkar Kingsway / Oct 31 Drekkar Kingsway Limited(DKL)	6.7000 ▲ 0.70 (11.67%)
Hira Tex. / Oct 31 Hira Textile Mills Limited(HIRAT)	3.0500 ▲ 0.30 (9.12%)
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	16.1400 ▲ 1.44 (8.84%)
Summit Bank / Oct 31 Summit Bank Limited(SMBL)	1.9000 ▲ 0.15 (8.57%)
Olympia Mills / Oct 31 Olympia Mills Limited(OML)	11.9000 ▲ 0.90 (8.18%)
Kohinoor Ind. / Oct 31 Kohinoor Industries Limited(KOIL)	8.0000 ▲ 0.50 (6.67%)
Dewan Farooq. Spin. / Oct 31 Dewan Farooque Spinning Mills Limited(DFSM)	2.0000 ▲ 0.11 (5.82%)
D.S. Ind. Ltd. / Oct 31 D.S. Industries Limited(DSIL)	2.2900 ▲ 0.09 (4.09%)
Gharibwal Cem. / Oct 31 Gharibwal Cement Limited(GWLC)	31.2000 ▲ 1.18 (3.63%)

Stock	Price
Crescent Star / Oct 31 Crescent Star Insurance Limited(CSIL)	2.7000 ▼ 0.05 (-1.85%)
Pak Rein. / Oct 31 Pakistan Reinsurance Company Limited(PAKRI)	26.2500 ▼ 0.25 (-0.95%)
Ghani Val. Glass / Oct 31 Ghani Value Glass Limited(GVGL)	42.2500 ▼ 1.25 (-0.73%)
Hum Network / Oct 31 Hum Network Limited(HUMNL)	7.4000 ▼ 0.09 (-0.68%)
Descon Oxy. / Oct 31 Descon Oxychem Limited(DOL)	32.0833 ▼ 0.28 (-0.57%)
Cherat Packaging / Oct 31 Cherat Packaging Limited(CPPL)	204.7500 ▼ 1.75 (-0.49%)
Flying Cement Ltd / Oct 31 Flying Cement Company Limited(FLYNG)	10.2400 ▼ 0.09 (-0.49%)
Azgard Nine / Oct 31 Azgard Nine Limited(ANL)	21.0525 ▼ 0.15 (-0.48%)
Habib Bank Ltd. / Oct 31 Habib Bank Limited.(HBL)	131.2000 ▼ 0.95 (-0.40%)
Pak Oxygen / Oct 31 Pakistan Oxygen Limited(PAKOXY)	151.0000 ▼ 0.45 (-0.28%)

Stock	Volume
Unity Foods / Oct 31 Unity Foods Limited(UNITY)	36,191,000 ▼ 0.39
Pak Int.Bulk Ter / Oct 31 Pakistan International Bulk Terminal Limited(PIBTL)	19,376,500 ▼ 0.14
Hascol Petroleum / Oct 31 Hascol Petroleum Limited(HASCOL)	14,087,709 ▼ 0.10
Maple Leaf / Oct 31 Maple Leaf Cement Factory Limited(MLCF)	13,342,354 ▼ 0.58
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	12,744,000 ▼ 1.44
Power Cement / Oct 31 Power Cement Limited(POWER)	10,596,500 ▼ 0.08
Pakistan Refinery / Oct 31 Pakistan Refinery Limited(PRL)	8,876,500 ▼ 0.09
TRG Pak. / Oct 31 TRG Pakistan Limited(TRG)	8,275,000 ▼ 0.56
Fauji Cem. / Oct 31 Fauji Cement Company Limited(FCCL)	6,258,500 ▼ 0.20
Kot Addu / Oct 31 Kot Addu Power Company Limited(KAPCO)	5,871,000 ▼ 0.33

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 30	160.25
USD PKR Interbank Buying / Oct 30	160.20
USD to Japanese Yen / Oct 30	104.63
USD to Swiss Franc / Oct 30	0.92
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.17

Stock	Volume
S&P 500 / Oct 30	3310.11
India Sensex / Oct 30	39749.85
Tokyo Nikkei / Oct 30	23331.94
Nasdaq / Oct 30	11185.59
Hang Seng / Oct 30	24586.60
FTSE 100 / Oct 30	5581.75
Dow Jones / Oct 30	26659.11
Germany DAX 30 / Oct 30	11598.07
France CAC40 / Oct 30	4569.67

Indicator	Value
Weekly Foreign Reserves / Oct 29	19301.60
GDPGROWTH / Oct 29	5.40
Foreign Debt (PKR billions) / Oct 29	15087.50
Per Capita Income USD (CPI) / Oct 29	1516.00
Average CPI % / Oct 29	11.11
UK LIBOR % / Oct 30	0.08