News stories for Reuters - Business Recorder

Reuters

World

China says WHO gave blessing for coronavirus vaccine emergency use programme

China's annual production capacity of COVID-19 vaccines is expected to reach 610 million doses by end-2020 and 1 billion doses by 2021, Zheng said.

Published 25 Sep, 2020 04:04pm

Business

Harley close to deal with India's Hero after stopping local manufacturing

Hero MotoCorp, which is the India's largest two-wheeler manufacturer by sales, said it doesn't comment on market speculation.

Published 25 Sep, 2020 03:59pm

World

Russia doesn't plan lockdowns despite increase in coronavirus cases

Russia's daily tally of new coronavirus cases hit its highest level since June 23 on Friday with 7,212 infections reported across the country.

Published 25 Sep, 2020 03:44pm

World

Worldwide coronavirus cases cross 32.25 million, death toll at 981,634

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

Published 25 Sep, 2020 03:40pm

Markets

Russian rouble hits five-month low, Yandex shares rally

At 1521 GMT, the rouble was 0.8pc weaker against the dollar at 76.72 after hitting 77.1150, its lowest level since April 22.

Published 25 Sep, 2020 03:37pm

Business

Hungary central bank provides EUR 529mn worth of liquidity at EUR/HUF swap tender

The National Bank of Hungary (NBH) added swap tenders providing foreign currency liquidity to its monetary policy toolkit in September to reduce volatility in the domestic fx swap market.

Published 25 Sep, 2020 03:36pm

Markets

Gold edges up as dollar rally pauses; biggest weekly drop in six

Spot gold rose 0.1pc to $1,869.79 per ounce by 0938 GMT, while U.S. gold futures were down 0.1pc at $1,875.00.

Published 25 Sep, 2020 03:31pm

World

Iran, Russia discussing joint production of COVID-19 vaccine

"We announced that we will co-operate in two-three areas. That includes joint production with Russia. Iran has great potential to produce the vaccine," Jalali was quoted as saying.

Published 25 Sep, 2020 03:30pm

World

Some northern hemisphere countries struggling to source more flu vaccines: WHO

Most countries place their orders about 9-12 months in advance based on national health policies so have already decided on their doses for this year's flu season.

Published 25 Sep, 2020 03:27pm

World

Madrid authorities extends partial lockdown in the region

The region of Madrid, a densely-populated virus hotspot, accounts for over a third of hospital admissions in Spain.

Published 25 Sep, 2020 03:22pm

Sports

Nadal eyes Federer record, 15 years after first Roland Garros title

The undisputed king of clay, owns an astounding 93-2 record in Paris dating back to his debut in 2005.

Updated 25 Sep, 2020 02:47pm

Sports

Bayern stay strong to complete quadruple with Super Cup win

Bavarians beat Sevilla 2-1 after extra time on Thursday to lift yet another trophy under coach Hansi Flick.

Published 25 Sep, 2020 01:55pm

Business

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Ant is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.

Published 25 Sep, 2020 12:17pm

Business

Oil gains but heading for weekly fall over coronavirus demand concerns

Brent crude was up 17 cents at $42.11 a barrel by 0346 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 gained 16 cents to $40.47.

Published 25 Sep, 2020 10:39am

Technology

Apple critics form coalition to challenge App Store fees

Apple charges a commission of between 15%-30% for apps that use its in-app payment system and sets out extensive rules for apps in its App Store, which is the only way Apple allows consumers to download native apps to devices such as the iPhone.

Published 25 Sep, 2020 10:28am

Business

Electrified by Tesla, Chinese startups are on the charge

The country’s growing fascination with the U.S. pioneer’s sleek designs and cutting-edge technology is giving a string of second-wave home-grown Tesla wannabes the traction to raise more funding, expand production and boost sales.

Published 25 Sep, 2020 10:22am

Technology

Facebook's Oversight Board plans to launch just before U.S. election

The board, created by Facebook in response to criticism of its handling of problematic content, will initially have the power to review decisions to take down posts from Facebook and Instagram, and recommend policy changes.

Published 25 Sep, 2020 10:19am

Markets

China stocks drop

BEIJING: China shares ended lower on Thursday, after falling the most in more than two weeks, taking cues from an...

Published 25 Sep, 2020 02:45am

Markets

Dubai leads most Gulf indexes lower

• All real estate shares decline in Dubai • Moody's downgrades Kuwait on liquidity squeeze, weak governance...

Published 25 Sep, 2020 02:45am

Markets

Nikkei descends

TOKYO: Japanese shares succumbed to broad selling pressure in global stocks on Thursday following worries about ...

Published 25 Sep, 2020 02:45am

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Sep 26 First Equity Modaraba(FEM)	4.0020 ▲ 0.99 (25.91%)
First Prud Mod. / Sep 26 First Prudential Modaraba(PMI)	1.3700 ▲ 0.21 (8.10%)
Grays Leas. / Sep 26 Grays Leasing Limited(GRYL)	7.9400 ▲ 0.78 (8.10%)
Sapphire Fib. / Sep 26 Sapphire Fibres Limited(SFL)	731.0000 ▲ 32.00 (4.58%)
Flying Cement Ltd / Sep 26 Flying Cement Company Limited(FLYNG)	10.8000 ▲ 0.30 (2.38%)
Altern Energy / Sep 26 Altern Energy Limited(ALTN)	27.1500 ▲ 0.60 (2.26%)
Reliance Ins. / Sep 26 Reliance Insurance Company Limited(RICL)	7.2400 ▲ 0.14 (1.97%)
Sazgar Engg. / Sep 26 Sazgar Engineering Works Limited(SAZEW)	179.4300 ▲ 3.42 (1.94%)
P. Datacom / Sep 26 Pak Datacom Limited(PAKD)	63.2000 ▲ 0.95 (1.53%)
Agritech / Sep 26 Agritech Limited(AGL)	5.3700 ▲ 0.17 (1.34%)

Stock	Price
Saudi Pak Leas. / Sep 26 Saudi Pak Leasing Company Limited(SPLC)	1.9500 ▼ 0.54 (-27.69%)
Ferozsons Lab. / Sep 26 Ferozsons Laboratories Limited(FEROZ)	429.9993 ▼ 53.00 (-11.01%)
Al-Mali / Sep 26 Modaraba Al-Mali(MODAM)	6.2500 ▼ 1.10 (-10.00%)
PICIC Insurance / Sep 26 PICIC Insurance Limited(PIL)	1.3900 ▼ 0.18 (-9.02%)
Invest Cap. Bank / Sep 26 Invest Capital Investment Bank Limited(ICIBL)	1.1800 ▼ 0.17 (-8.18%)
K.S.B. Pumps / Sep 26 KSB Pumps Company Limited(KSBP)	327.0000 ▼ 47.00 (-7.88%)
Tri-Pack Films / Sep 26 Tri-Pack Films Limited(TRIPF)	181.9000 ▼ 18.15 (-7.82%)
Gadoon Tex. / Sep 26 Gadoon Textile Mills Limited(GADT)	225.0000 ▼ 15.95 (-7.09%)
Dandot Cement / Sep 26 Dandot Cement Company Limited(DNCC)	8.6500 ▼ 0.60 (-6.94%)
Ruby Tex. / Sep 26 Ruby Textile Mills Limited(RUBY)	7.5000 ▼ 0.69 (-6.44%)

Stock	Volume
Hascol Petroleum / Sep 26 Hascol Petroleum Limited(HASCOL)	31,993,500 ▼ 1.45
K-Electric Ltd / Sep 26 K-Electric Limited(KEL)	31,680,000 ▼ 0.15
Unity Foods / Sep 26 Unity Foods Limited(UNITY)	28,537,500 ▼ 0.65
Byco Petr. / Sep 26 Byco Petroleum Pakistan Limited(BYCO)	18,485,500 ▼ 1.39
Aisha Steel(ConPS) / Sep 26 Aisha Steel(ConPS)(ASLPS)	16,743,000 ▼ 0.03
Power Cement / Sep 26 Power Cement Limited(POWER)	16,317,500 ▼ 0.52
Askari Bank / Sep 26 Askari Bank Limited(AKBL)	13,025,500 ▼ 0.43
Pak Int.Bulk Ter / Sep 26 Pakistan International Bulk Terminal Limited(PIBTL)	12,774,000 ▼ 0.48
P.T.C.L.A / Sep 26 Pakistan Telecommunication Company Ltd(PTC)	11,948,500 ▼ 0.45
Jahangir Sid. Co. / Sep 26 Jahangir Siddiqui & Co. Ltd.(JSCL)	10,145,000 ▼ 2.00

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 26	165.80
USD PKR Interbank Buying / Sep 26	165.70
USD to Japanese Yen / Sep 26	105.58
USD to Swiss Franc / Sep 26	0.93
Pound Sterling to USD / Sep 26	1.27
Euro to USD / Sep 26	1.16

Stock	Volume
S&P 500 / Sep 26	3298.46
India Sensex / Sep 26	37388.66
Tokyo Nikkei / Sep 26	23204.62
Nasdaq / Sep 26	10913.56
Hang Seng / Sep 26	23235.42
FTSE 100 / Sep 26	5842.67
Dow Jones / Sep 26	27173.96
Germany DAX 30 / Sep 26	12469.20
France CAC40 / Sep 26	4729.66

Indicator	Value
Weekly Foreign Reserves / Sep 24	19959.00
GDP Growth % / Sep 24	5.40
Foreign Debt (PKR billions) / Sep 24	15087.50
Per Capita Income USD (CPI) / Sep 24	1516.00
Average CPI % / Sep 24	11.11
UK LIBOR % / Sep 26	0.08