News stories for Reuters - Business Recorder

Reuters

World

Biden warns UK on Brexit: No trade deal unless you respect N. Irish peace pact

US Congress official also cautions Johnson on a trade deal.
British prime minister worried about 'abusive' EU.
EU negotiator Barnier still hopes for a deal – sources.
Societe Generale sees 80% probability of a no deal.

Published 17 Sep, 2020 06:25pm

Business

Lilly, Amgen partner to manufacture potential COVID-19 drugs

Antibody treatments work by recognizing and locking onto foreign invaders to prevent infection of healthy cells.
We are impressed with Lilly's data, in particular the reduction in hospitalizations, and are enthusiastic about the potential for these neutralizing antibodies as a therapeutic for COVID-19.

Published 17 Sep, 2020 06:23pm

Markets

Soybeans extend run to two-year peak as exports to China flow

Soybeans at highest since June 2018 on brisk Chinese demand.
Corn at six-month peak, Chinese crop losses in focus.

Published 17 Sep, 2020 06:20pm

Business

Bank of England studies sub-zero rates in case troubles deepen

BoE says MPC briefed on negative rates.
BoE to look at operational considerations of negative rates.
Bank Rate and bond-buying programme kept on hold.
Sterling falls after announcement.

Published 17 Sep, 2020 06:03pm

Sports

FIFA president Infantino meets Trump to discuss 2026 World Cup

Infantino travelled to Washington to discuss the establishment of a FIFA headquarters in the US for the tournament and review preparations
Ever since I was elected, we have shown our determination to eradicate malpractice that tarnished FIFA's reputation in the past.

Published 17 Sep, 2020 05:57pm

Markets

Sri Lankan shares gain for eighth day as financials shine

The benchmark CSE All Share Index closed up 1.31% at 5,658.66. The index has gained 6.4% in eight sessions.
Trading volume on the CSE All Share Index fell to 146.2 million from 185.1 million in the previous session.

Published 17 Sep, 2020 05:55pm

World

US weekly jobless claims stuck at higher levels

Initial claims for state unemployment benefits totaled a seasonally adjusted 860,000 for the week ended Sept. 12, compared to 893,000 in the prior week.
Fed Chair Jerome Powell said more fiscal support was likely to be needed, adding that though the labor market has improved "substantially" it was "a long way from maximum employment."

Published 17 Sep, 2020 05:54pm

Business

BioNTech buys German site from Novartis to boost vaccine output

To boost 2021 output of doses by several hundred millions.
BioNTech CEO: Request for approval likely late-Oct, early-Nov.
Expects storage at fridge temperature over 2 weeks or longer.
Says eyeing vaccine efficacy of 70-75%.

Published 17 Sep, 2020 05:51pm

World

Britain will seek to use treaty breaching powers if EU acts in bad faith

The government is attempting to pass new laws ensuring free trade between Britain's nations.
Johnson reached a compromise with rebels, promising to consult parliament before using the powers.

Published 17 Sep, 2020 05:49pm

Markets

Oil falls as crews return to US Gulf rigs

US oil producers restart operations after hurricane.
Concerns about weak fuel demand back in focus.
OPEC+ online meeting in focus.
US data likely to show high levels of jobless claims.

Published 17 Sep, 2020 05:48pm

Sports

Bale leaves underwhelming Madrid legacy despite haul of goals and trophies

Bale scored vital strikes in Champions League finals against Atletico Madrid and Liverpool plus a career-defining Copa del Rey final winner.
A naturally shy character who rarely gave interviews or spoke Spanish in public,

Published 17 Sep, 2020 05:44pm

Global economic recovery may take five years: World Bank

Reinhart says pandemic-caused recession will last longer in some countries than in others and will exacerbate inequalities as the poorest will be harder hit by the crisis

Published 17 Sep, 2020 04:28pm

World

Head of Libya's Tripoli government says he wants to quit

Decision could feed political tensions in Tripoli amid new efforts to find a political solution to the country's conflict

Published 17 Sep, 2020 03:41pm

Need consistent messaging, mustn't turn COVID-19 into "political football", says WHO official

Trump took exception to comments from the director of the U.S. Centers for Disease Control and Prevention, Robert Redfield, who said a vaccine for the novel coronavirus could be broadly rolled out in mid-2021 and that masks might be even more effective

Published 17 Sep, 2020 02:28pm

Sports

Covid-19 pandemic to cost football $14 billion this year, says FIFA

Rehn said that football in South America had been especially hard hit, while Africa and Asia were also a concern.

Updated 17 Sep, 2020 02:08pm

Sports

Neymar banned for two games, Alvaro investigated after PSG-Marseille brawl

Brazilian accused the Spaniard of using racist language to him during the match, in which five players were sent off.

Published 17 Sep, 2020 01:32pm

Markets

Oil falls as demand worries re-emerge, crews return to U.S. Gulf rigs

Brent crude futures fell 36 cents, or 0.8%, to $41.86 a barrel at 0355 GMT, after climbing 4.2% on Wednesday.

Published 17 Sep, 2020 10:30am

Technology

Huawei phone prices rise in China on fears of chip shortage

Phone vendors in Huaqiangbei, the world’s largest electronics market located in the southern city of Shenzhen, said prices for new and used Huawei phones had risen steadily over the past month, by around 400 to 500 yuan on average.

Published 17 Sep, 2020 10:20am

Business

Kia Motors halts work at factories near Seoul as eight workers contract virus:

The factory produces Kia’s Carnival SUV and its Rio small car, among other models.

Published 17 Sep, 2020 10:16am

Business

U.S. says WeChat users will not be penalized

In August, President Donald Trump unveiled a proposed sweeping ban on U.S. transactions with Tencent Holdings Ltd, owner of the popular mainland Chinese app.

Published 17 Sep, 2020 10:13am

Gainers
Losers
Leaders

Stock	Price
Premier Ins. / Sep 20 Premier Insurance Limited(PINL)	7.2500 ▲ 1.03 (16.56%)
Asim Textile / Sep 20 Asim Textile Mills Limited(ASTM)	10.0966 ▲ 1.28 (14.47%)
Al-Mali / Sep 20 Modaraba Al-Mali(MODAM)	6.0000 ▲ 0.75 (14.29%)
Telecard / Sep 20 Telecard Limited(TELE)	2.2000 ▲ 0.22 (11.11%)
First Cap. Sec. / Sep 20 First Capital Securities Corporation(FCSC)	1.7600 ▲ 0.15 (8.70%)
Drekkar Kingsway / Sep 20 Drekkar Kingsway Limited(DKL)	5.0000 ▲ 0.48 (8.19%)
Sindh Modaraba / Sep 20 Sindh Modaraba(SINDM)	12.0500 ▲ 1.05 (8.09%)
Jahangir Sid. Co. / Sep 20 Jahangir Siddiqui & Co. Ltd.(JSCL)	29.3758 ▲ 2.68 (8.01%)
Unity Foods / Sep 20 Unity Foods Limited(UNITY)	18.0409 ▲ 1.39 (7.21%)
Dewan Farooque Motors / Sep 20 Dewan Farooque Motors Limited(DFML)	9.0900 ▲ 0.58 (6.82%)

Stock	Price
TPL Corp / Sep 20 TPL Corp Limited(TPL)	6.6100 ▼ 0.06 (-0.15%)
United Brands / Sep 20 United Brands Limited(UBDL)	34.5083 ▼ -0.00 (-0.03%)
Ist Paramount / Sep 20 First Paramount Modaraba(FPRM)	6.0000 ▼ 0.00 (0.00%)
Ittefaq Iron Ind. / Sep 20 Ittefaq Iron Industries Limited(ITTEFAQ)	15.6500 ▼ 0.00 (0.00%)
Descon Oxy. / Sep 20 Descon Oxychem Limited(DOL)	48.1500 ▼ 0.15 (0.00%)
Azgard Nine / Sep 20 Azgard Nine Limited(ANL)	20.4200 ▼ 0.00 (0.00%)
Glaxo Consumer / Sep 20 GlaxoSmithKline Consumer Healthcare(GSKCH)	302.5000 ▼ 0.00 (0.00%)
Friesland. Engro / Sep 20 Frieslandcampins Engro Foods Limited(FCEPL)	88.0000 ▼ 0.00 (0.00%)
Nishat Mills / Sep 20 Nishat Mills Limited(NML)	103.4040 ▼ 0.40 (0.00%)
Atlas Ins / Sep 20 Atlas Insurance Limited(ATIL)	57.7000 ▼ 0.00 (0.00%)

Stock	Volume
Pak Int.Bulk Ter / Sep 20 Pakistan International Bulk Terminal Limited(PIBTL)	59,555,500 ▼ 0.71
Unity Foods / Sep 20 Unity Foods Limited(UNITY)	36,818,000 ▼ 1.39
Kot Addu / Sep 20 Kot Addu Power Company Limited(KAPCO)	28,631,000 ▼ 0.63
K-Electric Ltd / Sep 20 K-Electric Limited(KEL)	23,691,500 ▼ 0.16
P.T.C.L.A / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	21,717,500 ▼ 0.09
Fauji Foods / Sep 20 Fauji Foods Limited(FFL)	11,624,000 ▼ 0.64
Hascol Petroleum / Sep 20 Hascol Petroleum Limited(HASCOL)	11,430,000 ▼ 0.64
Al Shaheer Corp. / Sep 20 Al Shaheer Corporation Limited(ASC)	8,322,000 ▼ 1.23
Jahangir Sid. Co. / Sep 20 Jahangir Siddiqui & Co. Ltd.(JSCL)	6,871,500 ▼ 2.68
Power Cement / Sep 20 Power Cement Limited(POWER)	6,500,000 ▼ 0.12

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 19	165.85
USD PKR Interbank Buying / Sep 19	165.75
USD to Japanese Yen / Sep 19	104.57
USD to Swiss Franc / Sep 19	0.91
Pound Sterling to USD / Sep 19	1.29
Euro to USD / Sep 19	1.18

Stock	Volume
S&P 500 / Sep 19	3319.47
India Sensex / Sep 19	38845.82
Tokyo Nikkei / Sep 19	23360.30
Nasdaq / Sep 19	10793.28
Hang Seng / Sep 19	24455.41
FTSE 100 / Sep 19	6007.05
Dow Jones / Sep 19	27657.42
Germany DAX 30 / Sep 19	13116.25
France CAC40 / Sep 19	4978.18

Indicator	Value
Weekly Foreign Reserves / Sep 15	19961.30
GDPGROWTH / Sep 15	5.40
Foreign Debt / Sep 15	15087.50
Per Capita Income (CPI) / Sep 15	1516.00
Average CPI / Sep 15	11.11
UK LIBOR / Sep 19	0.08