News stories for Reuters - Business Recorder

Reuters

Business & Finance

TD Bank to buy Wells Fargo's Canadian Direct Equipment Finance business

The Canadian Direct Equipment Finance business has about C$1.5 billion in assets and provides loans and leases for commercial equipment bought by businesses across Canada.
The deal is expected to close in the first half of 2021.

Published 14 Jan, 2021 09:03pm

Technology

Acacia agrees to Cisco's increased offer of $4.5bn

The revised deal for $115 per share in cash represents a premium of about 33% to Acacia's last closing price on Wednesday.
Acacia had earlier agreed to a $2.84 billion offer from Cisco, but it terminated the agreement, citing failure to obtain China's approval within the originally agreed time frame.

Published 14 Jan, 2021 09:01pm

World

European court agrees to hear Ukrainian case on rights violations in Crimea

European Court of Human Rights admits some of allegations.
These include enforced disappearances, unlawful detention.
Kremlin-backed head of Crimea says case is politicised.

Published 14 Jan, 2021 08:59pm

World

Philippines' Duterte says presidency no job for a woman

Duterte says does not want daughter to succeed him.
Opinion poll shows Sara Duterte is top contender.
Daughter says will not run for presidency.

Published 14 Jan, 2021 08:57pm

Markets

Barrick Gold quarterly output gets boost from Dominican Republic mine

Gold prices touched record highs in 2020, as investors flocked to the safe haven asset while the COVID-19 pandemic roiled the markets.
Total preliminary gold production rose to 1.21 million ounces in the quarter ended Dec. 31 from 1.16 million ounces in the previous quarter.

Published 14 Jan, 2021 08:55pm

World

Germany worried by record COVID-19 death toll

Daily mortality per million currently exceeds that of US.
Total German death toll at 43,881.
Country tightened lockdown in mid-December.

Published 14 Jan, 2021 08:53pm

Markets

TSX rises on materials boost, upbeat Aphria earnings

The largest percentage gainers on the TSX were pot producers Aphria Inc, and Aurora Cannabis, which jumped 13.3% and 7.2%, respectively.
Toronto Stock Exchange's S&P/TSX composite index was up 44.65 points, or 0.25%, at 17,979.39.

Published 14 Jan, 2021 08:51pm

Business & Finance

Nord Stream 2 says work in Danish waters to resume on Jan. 15, TASS reports

A Danish maritime regulator said last month construction work would resume in Danish waters in mid-January.
he United States also plans to increase sales of shipments of its liquefied natural gas (LNG) to Europe.

Published 14 Jan, 2021 08:48pm

Business & Finance

ThoughtWorks raises $720mn from Siemens, GIC, other investors

ThoughtWorks, which helps firms digitize their operations, said it would use the proceeds to buy back equity from its current investors to expand its international footprint.
Fidelity Management and Research LLC and Mubadala Investment Co also invested in ThoughtWorks.

Published 14 Jan, 2021 08:46pm

Business & Finance

Google closes deal to buy Fitbit as Justice Dept probe continues

We worked with global regulators on an approach which safeguards consumers' privacy expectations.
Google won EU antitrust approval last month for its Fitbit bid, after agreeing restrictions on how it will use customers' health related data.

Published 14 Jan, 2021 08:44pm

Business & Finance

Qatar Investment Authority nets $892mn gain from Tiffany & Co sale

The French luxury goods group concluded its acquisition of the retailer last week in which QIA had been a longstanding investor having initially acquired a 5.2% stake in late 2011.
The $1.55 billion sale by QIA amounted to a total gain of around $892.3 million.

Published 14 Jan, 2021 08:41pm

World

Mexico's posts rules governing controversial new foreign agents law

Lawmakers last month amended Mexico's security law to restrict the work of foreign agents on Mexican soil despite fierce opposition from Washington.
The new rules published on Thursday detail the mechanisms that will govern how foreign agents would have to work with local Mexican government counterparts.

Published 14 Jan, 2021 08:38pm

Markets

Dollar rises for second day as markets look to Biden's stimulus plan

Biden to give details of 'trillions' in spending Thursday.
Bitcoin rises, eyeing $40,000 again.

Published 14 Jan, 2021 08:18pm

Business & Finance

Goldman teams up with fintech startup Marqeta to build checking accounts

The bank, an investor in California-based Marqeta, hopes that the partnership will enable it to create more personalized and feature-rich digital banking services for its customers.
Goldman, which had amassed more than $96 billion in consumer deposits through Marcus as of September 2020.

Published 14 Jan, 2021 08:16pm

Business & Finance

New Renault boss plans leaner, electric future

Targets 3 bln euros in cost savings by 2025.
To cut car output to 3.1 mln by 2025 vs 4 mln in 2019.
Operating margins to reach 5% by 2023.
Renault attempting to turn around Nissan alliance.

Published 14 Jan, 2021 08:14pm

Business & Finance

Hong Kong telecoms provider blocks website for first time citing security law

We have disabled the access to the website in compliance with the requirement issued under the National Security Law.
Naomi Chan, editor of HKChronicles, said HKBN's response had been expected and it would not affect operations.

Published 14 Jan, 2021 08:12pm

World

Spain's house prices fell 5.7pc in November as recovery proves fragile

Although Spaniards took out 6.7% more mortgages in November than in the same month of 2019, the data showed, mortgages' average value fell by 2.7%
The amount of rental homes available was 78% higher at end-2020 than when the year began.

Published 14 Jan, 2021 08:10pm

Markets

Kenya shilling seen easing next week, Tanzania's stable

Kenya's shilling is expected to weaken, undermined by increased dollar demand from various sectors, and little inflows.
"The pressure remains. Banks are generally short (of dollars)."

Published 14 Jan, 2021 08:08pm

Markets

Dollar holds gains as markets await Biden's stimulus plan

Biden to give details of "trillions" in spending Thursday.
Many analysts still expect dollar to resume declines.

Published 14 Jan, 2021 08:05pm

Business & Finance

ECB debated smaller stimulus package: accounts

The ECB approved fresh stimulus measures at the meeting, hoping to keep borrowing costs depressed until the bloc is ready to reopen.
It was argued that the focus on preserving favourable financing conditions implied a move away from a constant monthly pace of purchases towards adjusting the pace according to market conditions.

Published 14 Jan, 2021 08:04pm

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