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Reuters

Business & Finance

Microsoft, Cigna form coalition for digital records of COVID-19 vaccination

The project, called Vaccination Credential Initiative, aims to help people get encrypted digital copies of their immunization records stored in a digital wallet of their choice.
Individuals without smartphones would receive paper printed with QR codes containing the credentials.

Published 14 Jan, 2021 07:25pm

Business & Finance

ASML CEO sees US-China trade antagonism outlasting Trump

Some industry watchers had hoped that the transition from US President Donald Trump's administration to President-elect Joe Biden would ease tensions.
I don't think that's going to change. To be honest this goes to the heart of, I would say the very core of, industrial policy in both countries.

Published 14 Jan, 2021 07:22pm

Markets

Stimulus helps stocks shrug off impeachment chaos

US yields bounce after report of $2 trillion stimulus plan.
Japan's Nikkei hits fresh three-decade peak.
European shares, US futures edge higher.
China tech giants jump after spared from US blacklist.

Published 14 Jan, 2021 07:18pm

World

London must be 'clear eyed' about prospects for EU access

Britain's new post-Brexit trade deal with the EU does not cover financial services, leaving the City largely isolated from its biggest customer.
We have to be clear eyed, the MoU has negligible legal effect and depends on goodwill.

Published 14 Jan, 2021 07:16pm

Markets

Grid firm OGE warns policy bottlenecks hamper pipeline switch to hydrogen

Bergmann said the entire network should be made hydrogen-ready in stages, to reach 100% by 2050.
OGE and sector peers last year already laid out a plan to devote 5,900 km solely to hydrogen use much sooner.

Published 14 Jan, 2021 07:13pm

Business & Finance

Bulgaria's euro entry will be smooth, says central bank governor

Bulgaria, one of the European Union poorest member states, was admitted together with Croatia to the ERM-2 mechanism.
We expect it (adopting the euro) would help further accelerate the convergence process and improve the financing conditions.

Published 14 Jan, 2021 07:11pm

Markets

Oil prices ease as pandemic outweighs Chinese and US data

US crude stockpiles drop, fuel inventories build –EIA.
Oil market outlook clouded by vaccine rollout variables –IEA.
China reports most new COVID-19 cases in more than 10 months.

Published 14 Jan, 2021 07:10pm

Markets

IGC cuts forecast for 2020/21 global corn production

In its monthly update, the inter-governmental body cut its global corn crop forecast by 13 million tonnes to 1.133 billion tonnes.
The IGC raised its forecast for 2020/21 world wheat production by 3 million tonnes to 768 million tonnes.

Published 14 Jan, 2021 07:08pm

World

Dutch government weighs possible resignation even as it battles surging pandemic

A parliamentary inquiry last month concluded that "unprecedented injustice" had been done to innocent families.
Opinion polls show Rutte's government has the approval of two-thirds of the public.

Published 14 Jan, 2021 07:04pm

Business & Finance

US regulator finalizes rule barring banks from ignoring specific sectors

The rule, proposed in November by the US Comptroller of the Currency, has been fiercely contested by banks who call it unworkable and political.
It applies to firms over $100 billion in size, and stipulates that banks must show legitimate business reasons for not providing services to certain borrowers.

Published 14 Jan, 2021 07:02pm

World

Spain to start reducing debt-to-GDP ratio in 2021

Already in 2021 we expect that, thanks to the strong growth, we will be able to start reducing our deficit and our debt-to-GDP ratio.
The budget deficit is likely to have reached the equivalent of 11.3% of GDP in 2020, a government forecast.

Published 14 Jan, 2021 07:00pm

Business & Finance

Hungary reaches deal to buy China's Sinopharm vaccine, PM aide says

Hungary says EU vaccine deliveries coming too slow.
Economic rebound hinges on mass inoculations.
Government to acquire vaccines outside EU's scheme.
Approval process for Sinopharm shot underway-spokesman.

Published 14 Jan, 2021 06:57pm

World

US weekly jobless claims increase more than expected

$300 unemployment supplement until March 14 as part of nearly $900 billion in additional relief approved at the end of December.
The central bank also noted that the resurgence in the coronavirus was causing staff shortages in the manufacturing.

Published 14 Jan, 2021 06:55pm

World

Progress stalls in Afghan peace talks as sides await Biden

After a month-long break, some negotiators from both sides have yet to return to Doha, the Qatari capital that has served as venue for negotiations between the Afghan government and the insurgents to end decades of war.
In an agreement reached last year, Trump, who had long promised to end America’s longest war, signed the United States up to a full withdrawal in coming months.

Published 14 Jan, 2021 06:54pm

World

Brazil to start COVID-19 vaccinations on Jan. 21, says senator

President Jair Bolsonaro, who has been lambasted for overseeing the world's second deadliest coronavirus outbreak after the United States.
Two vaccines - one made by AstraZeneca and another developed by China's Sinovac Biotech - will form the bedrock of the government's vaccination plan.

Published 14 Jan, 2021 06:53pm

Markets

Russia's OPEC+ deal compliance at 95-96pc in Dec

Novak said Russia would produce more oil this year than in 2020, TASS cited him as saying.

Published 14 Jan, 2021 06:51pm

Business & Finance

India's Tata puts post-pandemic bet on digital, electronics and health

When you look at trends for the future, definitely there are clear signs you can pick up. Anything that is digital, we're making a big bet on.
"We are very serious about electric vehicles," Chandra said, adding that Tata is investing in developing clean technology cars at home through Tata Motors and at JLR.

Published 14 Jan, 2021 06:48pm

World

China denies entry to two WHO team members after tests, WSJ says

Chinese officials blocked the duo from boarding their plane to the central Chinese city of Wuhan after they tested positive for the antibodies in blood-based serology tests during transit in Singapore.
“Relevant epidemic prevention control requirements will be strictly enforced,” says Chinese FM spokesperson.

Published 14 Jan, 2021 06:45pm

Business & Finance

ECB's Lane faced rare pushback against latest stimulus package

A number of reservations were expressed with regard to the proposed increase in the borrowing allowance to 60%.
ECB policymakers often disagree about policy moves, differences are usually resolved before the meeting so that the chief economist's proposal is rarely changed.

Updated 14 Jan, 2021 06:47pm

Markets

Norway expects slower oil output growth in 2021-2023

The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3.6% this year to 1.76 million barrels per day (bpd).
The forecast for 2024 was meanwhile raised by 2.6% to an expected 16-year high of 2.1 million bpd.

Published 14 Jan, 2021 06:12pm

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