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Reuters

World

France's Safran sees gradual recovery after crisis-hit 2020

The world's third largest aerospace contractor said 2020 recurring operating income fell 56% to 1.686 billion euros ($2.1 billion) as revenue fell 33% to 16.498 billion.
For 2021, Safran expected the key profitability gauge to recover by more than 100 basis points, with the recovery kicking in starting from the third quarter.

Published 25 Feb, 2021 06:11pm

World

Health minister fuels Lebanese anger over vaccine line-jumping

Hassan's comments and pushback by other politicians added to anger in Lebanon, where decades of state waste and corruption have triggered a financial meltdown.
"You're a liar and a hypocrite, and you shouldn't stay in Lebanon," Ferzli shouted on live TV. Screenshots went viral among Lebanese on social media with captions such as "What I look like when I stub my toe" or "Vaccine side effect."

Published 25 Feb, 2021 06:09pm

Business & Finance

Domino's misses quarterly revenue estimates

Total revenue rose to $1.36 billion from $1.15 billion in the fourth quarter ended Jan. 3, compared with estimates of $1.39 billion, according to IBES data from Refinitiv.

Published 25 Feb, 2021 06:07pm

World

India unveils tougher rules for social media such as Facebook, Twitter

The new measures will require big social media companies to set up a grievance redressal mechanism and appoint executives to coordinate with law enforcement.
Social media firms should be "more responsible and accountable," Ravi Shankar Prasad, the minister for information technology, told reporters in outlining the rules.

Published 25 Feb, 2021 06:05pm

Markets

Indian shares end higher as Reliance, energy stocks gain

The NSE Nifty 50 index ended 0.77% higher at 15,097.35 and the S&P BSE Sensex closed up 0.51% at 51,039.31, ahead of December-quarter gross domestic product data due on Friday.
Reliance, which fell 3.5% on Monday, has since recovered and is up more than 4% so far this week.

Published 25 Feb, 2021 06:03pm

Markets

Sri Lankan shares extend gains as financials, industrials rise

Conglomerate Expolanka holdings jumped 15.1% as the top boost on the index, while Browns Investments gained 7.4%.
Tess Agro added 40% to end the day as the top percentage gainer on the index.

Published 25 Feb, 2021 06:00pm

Markets

Nigerian, Zambian, Kenyan currencies seen under pressure

The naira is seen easing on the spot market after it fell 0.21% to 410.29 per dollar on Thursday.
The kwacha is likely to face continued pressure against the dollar going into next week due to heightened demand for hard currency amid limited inflows.

Published 25 Feb, 2021 05:51pm

World

Swedes vaccinated with two COVID doses can start seeing relatives again

"When they have, they can start hugging their grand children again," Lena Hallengren, minister for health and social affairs, told a news conference.
She said it was too early to say when broader restrictions could be lifted.

Published 25 Feb, 2021 05:49pm

Markets

Coinbase makes direct listing application with SEC public

Coinbase said in December that it had confidentially applied with the US Securities and Exchange Commission to go public.

Published 25 Feb, 2021 05:45pm

Markets

Turks' FX holdings dip to $235bn, still near record

When adjusted with the parity effect, the data showed the hard currency holdings fell by only $27 million in the period.
The central bank is watching keenly for a reversal in this dollarization trend before it starts rebuilding its depleted FX reserves.

Published 25 Feb, 2021 05:44pm

World

EU states report offers for 900 million vaccine by ‘alleged intermediaries’ - anti-fraud body

OLAF has opened an inquiry earlier this month into scam vaccine offers as the bloc faces increasing risk of fraud in that area.
Pharmaceutical companies have said they only sell directly to governments.

Updated 25 Feb, 2021 05:43pm

Business & Finance

Brazil bank lending spreads widen to 23.4pc points in January: central bank

The amount of outstanding loans in Brazil remained steady in the month at 4 trillion reais ($736 billion) and over the last 12 months loan growth accelerated 16%, the central bank said.

Updated 25 Feb, 2021 05:45pm

World

Opponents, supporters of Myanmar coup scuffle as more protests planned

Supporters and opponents of Myanmar’s military clashed on the streets of Yangon on Thursday as authorities blocked students from leaving their campus to march, a day after a first flurry of diplomacy aimed at resolving the crisis.

Published 25 Feb, 2021 01:37pm

World

EU mulls vaccination passports to resurrect tourism after COVID-19

Officials said the EU was working with the International Air Transport Association, which is keen to revive air travel, and with the Organisation for Economic Cooperation and Development and the World Health Organization.

Published 25 Feb, 2021 01:23pm

World

US report on Khashoggi death expected to single out Saudi crown prince: sources

The report’s release is part of Biden’s policy to realign ties with Riyadh after years of giving the Arab ally and major oil producer a pass on its human rights record and its intervention in Yemen’s civil war.

Published 25 Feb, 2021 01:18pm

Technology

Facebook to invest $1 billion in news industry after Australia row

Facebook on Tuesday restored Australian news pages, ending an unprecedented week-long blackout.

Published 25 Feb, 2021 01:15pm

Technology

India plans new social media controls after Twitter face-off

In India, Twitter ignored orders to remove content over farmers’ protests, fuelling the zeal of Prime Minister Narendra Modi’s government since 2018 to tighten regulation for content it deems disinformation or unlawful.

Published 25 Feb, 2021 12:53pm

Business & Finance

Pakistan faces an unexpected dilemma: too much electricity?

But even as supply surges, electric power is still not reaching up to 50 million people in Pakistan who need it, according to a 2018 World Bank report, though expansion of transmission lines is planned.

Published 25 Feb, 2021 12:32pm

Business & Finance

Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates

Brent crude futures for April gained 19 cents, 0.3%, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1%.

Published 25 Feb, 2021 12:04pm

Business & Finance

Asian shares jump after Powell nixes rate hike fears

Powell’s reassurance gave a fresh impetus to reflation trades and boosted risk asset prices while also driving U.S. bond yields back up to one-year highs.

Published 25 Feb, 2021 12:00pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Feb 26 786 Investments Limited(786)	10.52 ▼ 0.00 (0.00%)
AL- Abbas / Feb 26 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 26 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 26 Allied Bank Limited(ABL)	80.72 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 26 Abbott Laboratories (Pakistan) Limited(ABOT)	746.49 ▼ 0.00 (0.00%)
Abson Ind. / Feb 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 26 Attock Cement Pakistan Limited(ACPL)	188.56 ▼ 0.00 (0.00%)
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.23 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Feb 26 786 Investments Limited(786)	10.52 ▼ 0.00 (0.00%)
AL- Abbas / Feb 26 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 26 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 26 Allied Bank Limited(ABL)	80.72 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 26 Abbott Laboratories (Pakistan) Limited(ABOT)	746.49 ▼ 0.00 (0.00%)
Abson Ind. / Feb 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 26 Attock Cement Pakistan Limited(ACPL)	188.56 ▼ 0.00 (0.00%)
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.23 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Reuters

France's Safran sees gradual recovery after crisis-hit 2020

Health minister fuels Lebanese anger over vaccine line-jumping

Domino's misses quarterly revenue estimates

India unveils tougher rules for social media such as Facebook, Twitter

Indian shares end higher as Reliance, energy stocks gain

Sri Lankan shares extend gains as financials, industrials rise

Nigerian, Zambian, Kenyan currencies seen under pressure

Swedes vaccinated with two COVID doses can start seeing relatives again

Coinbase makes direct listing application with SEC public

Turks' FX holdings dip to $235bn, still near record

EU states report offers for 900 million vaccine by ‘alleged intermediaries’ - anti-fraud body

Brazil bank lending spreads widen to 23.4pc points in January: central bank

Opponents, supporters of Myanmar coup scuffle as more protests planned

EU mulls vaccination passports to resurrect tourism after COVID-19

US report on Khashoggi death expected to single out Saudi crown prince: sources

Facebook to invest $1 billion in news industry after Australia row

India plans new social media controls after Twitter face-off

Pakistan faces an unexpected dilemma: too much electricity?

Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates

Asian shares jump after Powell nixes rate hike fears

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