News stories for Reuters - Business Recorder

Reuters

Markets

Sterling struggles to regain 2-1/2-year peak as new lockdown weighs

Prime Minister Boris Johnson ordered England into another national lockdown to contain a surge in COVID-19 cases.
The expected hit to the economy heaped expectations on the Bank of England to announce more policy easing.

Published 05 Jan, 2021 08:37pm

Markets

Wall Street drifts higher as focus turns to Georgia runoffs

US-listed Chinese cos jump after NYSE flips delisting decision.
Micron jumps after Citi's double upgrade.
Wall Street's fear gauge slips after Monday's surge.
Indexes up: Dow 0.41%, S&P 0.44%, Nasdaq 0.49%.

Published 05 Jan, 2021 08:36pm

Markets

TSX rises on boost from energy stocks

The energy sector rose 2.6% as US crude prices were up 2.6% a barrel, while Brent crude added 2.0%.
Oil prices rose on Tuesday as tension simmered following Iran's seizure of a South Korean vessel.

Published 05 Jan, 2021 08:34pm

World

US hits Iran with fresh sanctions in final weeks of Trump presidency

Continuing to increase pressure on Tehran in the final weeks of Donald Trump's presidency.
Washington blacklisted more than a dozen entities and one person.

Published 05 Jan, 2021 08:32pm

Markets

Dry weather expected to keep pressuring Argentine soy, corn yields

Months of hot, dry weather have put the country's two main cash crops at risk. Argentina is the No. 3 international corn supplier.
With these weather conditions it is difficult to continue to assume that yield development will be normal, resulting in a corn crop of 48 million tonnes.

Published 05 Jan, 2021 08:30pm

Business & Finance

Prada to post 2020 operating profit after strong H2 rebound in sales

The Milanese luxury brand said it had decided to provide the unscheduled business update.
The fallout from the COVID-19 crisis triggered a 40% decline in Prada's like-for-like revenues in the first half of the year leading to a 196 million euros operating loss ($240.5 million).

Published 05 Jan, 2021 08:26pm

Markets

Chile's Codelco copper output up, largest private mines down in November

Collahuasi meanwhile, a joint-venture between Anglo American and Glencore, produced 48,200 tonnes, a 15% year on year decrease.

Updated 05 Jan, 2021 08:26pm

Markets

Turkish lira's real effective exchange rate at 62.34 in Dec

November's number was revised as 60.45, the lowest level on record.
The rate, announced by the central bank, measures the weighted average of domestic prices relative to those of Turkey's trading partners.

Published 05 Jan, 2021 07:46pm

Business & Finance

Indian vaccine makers end spat, pledge 'smooth rollout' of COVID-19 shots

Both companies respect the great work being carried out by each other and put behind us the miscommunication and misunderstanding caused during the past week.
India's drugs regulator on Sunday approved for emergency use a vaccine developed by AstraZeneca and Oxford University.

Published 05 Jan, 2021 07:43pm

Markets

Next shares surge as online sales limit pandemic pain

Sales in nine weeks to Dec 26 fall 1.1%.
Company had forecast a drop of 8%.
More than 50% of store sales in Nov lockdown went online.
Shares rise to five-year high.

Published 05 Jan, 2021 07:41pm

World

Britons ordered to stay at home as third national lockdown begins

Highly contagious new COVID variant spreading fast.
Hospitals under strain, risk being overwhelmed.
All schools, non-essential shops, hospitality closed.
Measures to last at least seven weeks, likely longer.
Italy, Germany keep restrictions in place as infections soar.

Published 05 Jan, 2021 07:38pm

Markets

Ireland expects to raise 4-5 billion euros in bond sale

Ireland's debt agency, which is seeking to borrow between 16 billion and 20 billion euros on the bond market this year.

Published 05 Jan, 2021 07:36pm

Markets

Sri Lankan shares end at more than 5-year high on consumer staples boost

The CSE All Share Index ended up 1.22% at 6,978.86, its highest closing level since early November 2015.
The index gained 10.5% in 2020, its best performance since 2014.

Published 05 Jan, 2021 07:34pm

Business & Finance

Hungary central bank buys 40bn forints worth of bonds, yields fall

It bought 6.1 billion forints worth of 2031/A bonds at 1.97% average yield, 6.1 billion forints worth of 2038/A bonds at 2.2% average yield.
The bank also bought 23.8 billion forints worth of the 2033/A series at an average yield of 2.06%,

Published 05 Jan, 2021 07:32pm

World

UK PM Johnson cancels India visit, citing need to oversee virus response

The prime minister spoke to (Indian) Prime Minister Modi this morning, to express his regret that he will be unable to visit India later this month as planned.
In light of the national lockdown announced last night, and the speed at which the new coronavirus variant is spreading.

Published 05 Jan, 2021 07:30pm

Business & Finance

Thai central bank to relax FX rules further to curb baht rise

Eased forex rules for non-resident firms.
Baht has gained nearly 11% since last April.
New virus curbs could contribute to baht strength.

Published 05 Jan, 2021 07:28pm

Business & Finance

China raises macro prudential adjustment coefficient for firms making overseas loans

The upper limit of overseas loans made by domestic firms will be increased accordingly.
The move will help meet Chinese companies' demand for capital when they make overseas investments.

Published 05 Jan, 2021 07:26pm

Business & Finance

Lloyd's insurance market closes underwriting floor due to national lockdown

Lloyd's closed its underwriting room for nearly six months following the first lockdown in March.
It was unlikely the floor would reopen before mid-February, Lloyd's said.

Published 05 Jan, 2021 07:24pm

Markets

Dollar on backfoot as yuan fix boosts risk currencies

Dollar dips as risk appetite grows.
Yuan official rate fixed at highest level in 30 months.
Aussie dollar gains 0.7%, biggest mover in G10 FX.

Published 05 Jan, 2021 07:22pm

Markets

German energy usage fell 8.7pc to record low in 2020

Energy usage in Europe's biggest economy had already fallen to its lowest level since the early 1970s in 2019 due to its long-term shift to service industries and greater efficiency.
Germany used 398.8 million tonnes of coal equivalent, an industry standard measure, in 2020.

Published 05 Jan, 2021 07:19pm

Gainers
Losers
Leaders

Stock	Price
First Pak Modaraba / Jan 17 First Pak Modaraba(PAKMI)	2.20 ▲ 0.32 (4.27%)
Thatta Cement / Jan 17 Thatta Cement Company Limited(THCCL)	21.04 ▲ 0.94 (2.89%)
Pakistan Cables / Jan 17 Pakistan Cables Limited(PCAL)	140.30 ▲ 3.92 (2.45%)
Crescent Star / Jan 17 Crescent Star Insurance Limited(CSIL)	2.80 ▲ 0.10 (1.45%)
First Cap. Sec. / Jan 17 First Capital Securities Corporation(FCSC)	1.64 ▲ 0.12 (1.23%)
Berger Paints / Jan 17 Berger Paints Pakistan Limited(BERG)	115.00 ▲ 4.79 (0.86%)
Nishat (Ch) / Jan 17 Nishat Chunian Limited(NCL)	50.90 ▲ 1.60 (0.77%)
Friends Sp. / Jan 17 Friends Spinning Mills Limited(FRSM)	42.30 ▼ -0.02 (0.71%)
Ghani Auto Ind. / Jan 17 Ghani Automobile Industries Limited(GAIL)	6.30 ▼ -0.08 (0.64%)
Friesland. Engro / Jan 17 Frieslandcampins Engro Foods Limited(FCEPL)	78.99 ▲ 1.19 (0.62%)

Stock	Price
Quice Food / Jan 17 Quice Food Industries Limited(QUICE)	4.81 ▼ 0.13 (-3.41%)
Telecard / Jan 17 Telecard Limited(TELE)	2.72 ▼ 0.33 (-2.86%)
Nimir Resins / Jan 17 Nimir Resins Limited(NRSL)	12.87 ▼ 0.62 (-1.76%)
Kohinoor Ind. / Jan 17 Kohinoor Industries Limited(KOIL)	9.89 ▼ 0.67 (-1.40%)
Power Cement / Jan 17 Power Cement Limited(POWER)	11.74 ▼ 0.89 (-1.34%)
Emco Ind. / Jan 17 Emco Industries Limited(EMCO)	38.00 ▼ 1.76 (-1.30%)
Kohinoor Sp. / Jan 17 Kohinoor Spinning Mills Limited(KOSM)	5.09 ▼ 0.05 (-1.17%)
First Prud Mod. / Jan 17 First Prudential Modaraba(PMI)	1.78 ▼ 0.36 (-1.11%)
D.S. Ind. Ltd. / Jan 17 D.S. Industries Limited(DSIL)	3.61 ▲ -0.11 (-1.10%)
Al Shaheer Corp. / Jan 17 Al Shaheer Corporation Limited(ASC)	16.62 ▼ 0.35 (-1.07%)

Stock	Volume
Hum Network / Jan 17 Hum Network Limited(HUMNL)	38,439,000 ▼ 0.50
Power Cement / Jan 17 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Fauji Fert. Bin / Jan 17 Fauji Fertilizer Bin Qasim Limited(FFBL)	18,354,500 ▼ 0.24
Gul Ahmed / Jan 17 Gul Ahmed Textile Mills Limited(GATM)	13,493,000 ▼ 3.27
TRG Pak. / Jan 17 TRG Pakistan Limited(TRG)	12,387,000 ▼ 1.90
Kohinoor Sp. / Jan 17 Kohinoor Spinning Mills Limited(KOSM)	12,017,000 ▼ 0.05
Fauji Foods / Jan 17 Fauji Foods Limited(FFL)	7,183,500 ▼ 0.20
Hira Tex. / Jan 17 Hira Textile Mills Limited(HIRAT)	6,696,000 ▼ 0.65
Maple Leaf / Jan 17 Maple Leaf Cement Factory Limited(MLCF)	5,749,000 ▲ -0.17
Dewan Cem. / Jan 17 Dewan Cement Limited(DCL)	5,607,000 ▼ 0.52

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 16	160.35
USD PKR Interbank Buying / Jan 16	160.20
USD to Japanese Yen / Jan 16	103.90
USD to Swiss Franc / Jan 16	0.89
Pound Sterling to USD / Jan 16	1.36
Euro to USD / Jan 16	1.21

Stock	Volume
S&P 500 / Jan 16	3770.02
India Sensex / Jan 16	49034.67
Tokyo Nikkei / Jan 16	28519.18
Nasdaq / Jan 16	12998.50
Hang Seng / Jan 16	28573.86
FTSE 100 / Jan 16	6735.71
Dow Jones / Jan 16	30814.26
Germany DAX 30 / Jan 16	13787.73
France CAC40 / Jan 16	5611.69

Indicator	Value
Weekly Foreign Reserves / Jan 8	20512.10
GDPGROWTH / Jan 8	1.00
Foreign Debt (PKR billions) / Jan 8	17000.00
Average CPI % / Jan 8	11.11
UK LIBOR % / Jan 16	0.09