News stories for Reuters - Business Recorder

Reuters

World

You can repossess cars but not homes during COVID, watchdog tells UK banks

The FCA's no forced repossession guidance, introduced after the first lockdown in March last year, had been due to expire at the end of January.
We propose extending this guidance so that firms should not enforce repossessions before 1 April 2021.

Published 13 Jan, 2021 05:39pm

Business & Finance

India central bank forms group to evaluate digital lending

Recent spurt and popularity of online lending platforms/ mobile lending apps has raised certain serious concerns which have wider systemic implications.
RBI had issued a public notice about lending apps, warning some engaged in "unscrupulous activities".

Published 13 Jan, 2021 05:37pm

World

Biden names ex-ambassador Power to lead US international aid agency

Power will rally the international community and work with our partners to confront the biggest challenges of our time - including COVID-19.

Published 13 Jan, 2021 05:35pm

Sports

Aussie De Minaur warms up for home slam with Antalya title

De Minaur, his country's highest-ranked player at 23rd, was 2-0 up in the first set when the Kazakh pulled out.
"At the start of the year that's what you need," he told reporters. "I knew I had put in a great pre-season, I was ready to compete.

Published 13 Jan, 2021 05:33pm

World

U.S. executes first woman on federal death row in nearly seven decades

Montgomery was the first female prisoner to be executed in by the U.S. government since 1953
Montgomery was convicted in 2007 in Missouri of kidnapping and strangling Bobbie Jo Stinnett, then eight months pregnant

Published 13 Jan, 2021 05:14pm

Sports

Oman ready to host test cricket

The itinerary of two tests and three Twenty20 internationals has yet to be finalised and remains uncertain due to COVID-19 travel restrictions.
ICC accreditation has put us in an elite club of test cricket hosts and we are very proud to have reached that level.

Updated 13 Jan, 2021 05:33pm

Business & Finance

J&J may not meet US COVID-19 vaccine supply target by spring

US federal officials have been told that J&J has fallen behind its original production schedule and will not catch up until the end of April.
Earlier this week, J&J's chief executive officer said the company was on track to have close to a billion COVID-19 vaccine doses by 2021-end.

Published 13 Jan, 2021 04:43pm

World

Hungary detects UK variant of coronavirus, surgeon general says

My colleagues have identified the UK virus variant, already found in neighbouring countries, in the samples of three patients.
Nearly 5,000 people are currently hospitalised with the disease, putting a strain on the healthcare system.

Published 13 Jan, 2021 04:39pm

World

Watchdogs across EU should be allowed to challenge Facebook, EU court adviser says

The adviser to the EU’s top court has issued a recommendation to allow data protection agencies in any EU country to take legal action against Facebook or any other tech firm even if their regional headquarters are in a different EU state.
If the recommendation is followed, it could prompt action by national agencies in the 27-member EU against other U.S. tech companies, such as Google, Twitter and Apple, which also have their EU headquarters in Ireland.

Published 13 Jan, 2021 03:45pm

World

U.S. cancels U.N. envoy's trip to Taiwan, citing Biden transition

The U.S. State Department’s cancellation of all travel this week includes a planned visit to Taiwan by U.S. Ambassador to the United Nations Kelly Craft, a State Department spokeswoman said on Tuesday.
Secretary of State Mike Pompeo said on Tuesday that all travel this week had been canceled, including his own trip to Europe, as part of the transition to the incoming Biden administration.

Published 13 Jan, 2021 03:22pm

Business & Finance

Geely and Foxconn team up to build cars for other automakers

Foxconn, whose official name is Hon Hai Precision Industry Co Ltd and is best known as a major supplier to Apple Inc , said in October it aimed to provide components or services to 10% of the world's EVs by 2025-2027.

Published 13 Jan, 2021 02:02pm

Business & Finance

Czech headline inflation eases to two-year low

The year-on-year rate slowed from a reading of 2.7% in November and was below a Reuters poll forecast of 2.6%.

Published 13 Jan, 2021 01:58pm

Markets

Kenyan shilling eases due dollar demand from manufacturing sector

At 0815 GMT, commercial banks quoted the shilling at 109.75/95 to the dollar.

Published 13 Jan, 2021 01:56pm

Markets

Oil prices rally further after crude stocks fall more than expected

That was more than analysts' expectations in a Reuters poll for a fall of 2.3 million barrels.

Published 13 Jan, 2021 01:17pm

Markets

Australia shares set to open slightly lower; NZ rises

New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 13,207.08 points in early trade.

Published 13 Jan, 2021 12:49pm

Technology

Facebook says it removed record number of disinformation campaigns in December

"Deceptive campaigns like these raise a complex challenge by blurring the line between healthy public debate and manipulation," the company said in a blog post.

Published 13 Jan, 2021 12:46pm

Markets

Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

"Since December they stopped and don't pay anymore," said Philippe Ipou Kouadio, a village chief who farms 40 hectares in Soubre region.

Published 13 Jan, 2021 12:43pm

World

Ethiopia warns Sudan it is running out of patience over border dispute

Ethiopia sees the dam as key to plans to become Africa's largest power exporter. Egypt, which gets more than 90% of its scarce fresh water from the Nile, fears the dam across the Blue Nile could devastate its economy.

Published 13 Jan, 2021 12:40pm

Markets

Brazil coffee crop seen falling 23% in 2021

Ricardo Tavares, the holding's president, expects international coffee prices to rise in 2021 due to the smaller Brazilian supply.

Published 13 Jan, 2021 12:38pm

World

Nigeria's senate president vows action on long-delayed oil reform law

Senate President Ahmad Lawan said that people inside and outside Nigeria were fighting to scuttle the oil reform.

Published 13 Jan, 2021 12:34pm

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 21 B.R.R. Guardian Modaraba (R)(BRRR)	3.79 ▲ 1.06 (35.84%)
Colony Textile / Jan 21 Colony Textile Mills Limited(CTM)	6.46 ▲ 1.18 (14.74%)
First AL-Noor Mod. / Jan 21 First Al-Noor Modaraba(FANM)	3.59 ▲ 0.34 (10.46%)
Hala Enterpries / Jan 21 Hala Enterprises Limited(HAEL)	10.60 ▲ 1.11 (10.42%)
Saritow Sp. / Jan 21 Saritow Spinning Mills Limited(SSML)	11.00 ▲ 1.20 (10.00%)
Summit Bank / Jan 21 Summit Bank Limited(SMBL)	1.89 ▲ 0.17 (9.25%)
Cyan Ltd / Jan 21 Cyan Limited(CYAN)	50.48 ▲ 3.52 (7.50%)
Fazal Cloth / Jan 21 Fazal Cloth Mills Limited(FZCM)	198.76 ▲ 13.86 (7.50%)
Kohat Tex. / Jan 21 Kohat Textile Mills Limited(KOHTM)	17.20 ▲ 1.80 (7.50%)
Bawany Air / Jan 21 Bawany Air Products Limited(BAPL)	20.96 ▲ 1.46 (7.49%)

Stock	Price
Premier Ins. / Jan 21 Premier Insurance Limited(PINL)	5.00 ▼ 0.74 (-8.93%)
Al-Mali / Jan 21 Modaraba Al-Mali(MODAM)	4.80 ▼ 0.37 (-8.22%)
Habib Metro Mod / Jan 21 Habib Metro Modaraba(HMM)	7.50 ▼ 0.65 (-7.98%)
PICIC Insurance / Jan 21 PICIC Insurance Limited(PIL)	1.35 ▼ 0.11 (-7.53%)
AL-Noor Sugar / Jan 21 Al-Noor Sugar Mills Limited(ALNRS)	55.50 ▼ 4.50 (-7.50%)
Altern Energy / Jan 21 Altern Energy Limited(ALTN)	27.71 ▼ 2.24 (-7.48%)
Aisha Steel(ConPS) / Jan 21 Aisha Steel(ConPS)(ASLPS)	27.80 ▼ 2.20 (-7.33%)
SILKBANK / Jan 21 Silkbank Limited(SILK)	1.20 ▼ 0.12 (-6.98%)
Ahmad Hassan / Jan 21 Ahmad Hassan Textile Mills Limited(AHTM)	45.54 ▼ 3.40 (-6.95%)
Shaheen Ins. / Jan 21 Shaheen Insurance Company Limited(SHNI)	4.84 ▼ 0.34 (-6.92%)

Stock	Volume
K-Electric Ltd / Jan 21 K-Electric Limited(KEL)	143,822,500 ▼ 0.34
Hum Network / Jan 21 Hum Network Limited(HUMNL)	43,378,000 ▼ 0.73
SILKBANK / Jan 21 Silkbank Limited(SILK)	42,706,000 ▼ 0.12
Unity Foods / Jan 21 Unity Foods Limited(UNITY)	41,064,248 ▼ 1.85
Pak Int.Bulk Ter / Jan 21 Pakistan International Bulk Terminal Limited(PIBTL)	31,430,000 ▼ 0.64
Power Cement / Jan 21 Power Cement Limited(POWER)	28,183,000 ▼ 0.53
Fauji Foods / Jan 21 Fauji Foods Limited(FFL)	23,037,500 ▼ 0.70
TRG Pak. / Jan 21 TRG Pakistan Limited(TRG)	21,702,000 ▼ 2.31
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	21,122,000 ▼ 0.97
Jahangir Sid. Co. / Jan 21 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,470,500 ▼ 2.08

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