News stories for Reuters - Business Recorder

Reuters

World

EU, UK agree to step up Brexit talks to close 'significant gaps'

The two sides have said this week's round of talks aimed at getting a new, post-Brexit trade agreement from 2021 made some progress but not a breakthrough.

Updated 03 Oct, 2020 08:10pm

World

UK's Gove says job market ‘churn’ inevitable after COVID-19 crisis

British cabinet office minister Michael Gove on Saturday said it was inevitable there would be some 'churn' in the labour market as a result of the COVID-19 pandemic.

Published 03 Oct, 2020 05:50pm

World

UK PM Johnson says 'resilient' Trump will make strong recovery

Johnson, who himself was hospitalised with the coronavirus in April, was speaking to reporters ahead of a call about Brexit with the European Union later on Saturday.

Published 03 Oct, 2020 05:48pm

World

Erdogan says Turkey stands by 'oppressed' in the Caucasus

"We strive day and night for our country to take its deserved place in the global world order. We stand by the oppressed everywhere from Syria to Libya, from the Eastern Mediterranean to the Caucasus," he said.

Updated 03 Oct, 2020 05:48pm

World

Russia's new coronavirus cases return to highest levels, near 10,000

Russia's coronavirus crisis centre said that 174 coronavirus deaths had been confirmed in the last 24 hours, which took the official national death toll to 21,251.

Updated 03 Oct, 2020 04:48pm

World

Ukraine reports new daily record number of coronavirus cases

Ukraine's security council said 92 deaths of coronavirus patients were confirmed in the last 24 hours, bringing the national COVID-19 death toll to 4,353.

Published 03 Oct, 2020 04:16pm

World

Poland reports new record of 2,367 daily coronavirus cases

The country also registered a further 34 deaths related to COVID-19.

Published 03 Oct, 2020 04:13pm

World

Indonesia reports 4,007 new coronavirus cases, 83 more deaths

Indonesia reported 4,007 new coronavirus infections and 83 more deaths on Saturday.

Published 03 Oct, 2020 04:08pm

World

UK PM launches transport review to boost economy, strengthen ties

Johnson has in the past spoken of his desire for a 20-mile (32 km) plus bridge between Scotland and Northern Ireland.

Published 03 Oct, 2020 04:01pm

World

Worldwide coronavirus cases cross 34.53 million, death toll at 1,026,151

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

Published 03 Oct, 2020 03:58pm

World

EU takes action over UK's blow to Brexit bill

London now has a month to reply to the Commission’s formal letter of complaint and even more time to change tack before the Brussels-based executive can sue at the bloc’s top court.

Published 03 Oct, 2020 03:57pm

World

Trump to spend days at military hospital after COVID-19 diagnosis

Trump has played down the threat of the coronavirus pandemic from the outset, even as the disease has killed more than 200,000 Americans and hammered the U.S. economy.

Published 03 Oct, 2020 03:48pm

World

Malaysia will not re-impose coronavirus curbs for now despite spike

Malaysia has avoided the level of outbreaks seen in neighbours the Philippines and Indonesia, which have 319,330 and 299,506 cases respectively.

Published 03 Oct, 2020 03:45pm

World

China's Xi wishes Trump speedy recovery

He has sparred with Beijing over its handling of the virus, heightening tensions between the two countries.

Published 03 Oct, 2020 03:38pm

Business

At 7.9%, U.S. jobless rate spells trouble for Trump

As the best-known summary statistic of the labor market, the U.S. unemployment rate is a “a psychologically important number” for voters, said Michael Brown, principal U.S. economist at Visa.

Published 03 Oct, 2020 10:20am

Business

Canada's Suncor Energy to cut up to 15% of jobs as pandemic crushes oil demand

The reductions will affect some 2,000 non-union jobs, said Scott Doherty, a spokesman for the Unifor union.

Published 03 Oct, 2020 10:17am

Business

Banks, investors pivot towards Biden win after Trump tests positive for COVID

The development was the latest dramatic twist in an extraordinary election year that had many banks and investors planning for no clear winner on Nov. 3 with a global market panic expected to ensue, Reuters reported Wednesday.

Published 03 Oct, 2020 10:13am

Technology

Facebook, Twitter, Google CEOs will testify before U.S. Senate committee

Facebook and Twitter confirmed on Friday that their CEOs, Mark Zuckerberg and Jack Dorsey, respectively, will appear, while a source said that Google’s Sundar Pichai will appear.

Published 03 Oct, 2020 10:08am

TCP issues tender to buy 50,000 tonnes of sugar

HAMBURG: The Trading Corporation of Pakistan (TCP) has issued an international tender to purchase 50,000 tonnes of...

Published 03 Oct, 2020 02:45am

Markets

Vietnam's coffee prices fall on weak global cues

HANOI/BANDAR LAMPUNG: Vietnam's domestic coffee prices dropped for the second week on weak global cues, while...

Published 03 Oct, 2020 02:45am

Gainers
Losers
Leaders

Stock	Price
Saritow Sp. / Oct 31 Saritow Spinning Mills Limited(SSML)	4.6000 ▲ 0.89 (23.99%)
Drekkar Kingsway / Oct 31 Drekkar Kingsway Limited(DKL)	6.7000 ▲ 0.70 (11.67%)
Hira Tex. / Oct 31 Hira Textile Mills Limited(HIRAT)	3.0500 ▲ 0.30 (9.12%)
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	16.1400 ▲ 1.44 (8.84%)
Summit Bank / Oct 31 Summit Bank Limited(SMBL)	1.9000 ▲ 0.15 (8.57%)
Olympia Mills / Oct 31 Olympia Mills Limited(OML)	11.9000 ▲ 0.90 (8.18%)
Kohinoor Ind. / Oct 31 Kohinoor Industries Limited(KOIL)	8.0000 ▲ 0.50 (6.67%)
Dewan Farooq. Spin. / Oct 31 Dewan Farooque Spinning Mills Limited(DFSM)	2.0000 ▲ 0.11 (5.82%)
D.S. Ind. Ltd. / Oct 31 D.S. Industries Limited(DSIL)	2.2900 ▲ 0.09 (4.09%)
Gharibwal Cem. / Oct 31 Gharibwal Cement Limited(GWLC)	31.2000 ▲ 1.18 (3.63%)

Stock	Price
Crescent Star / Oct 31 Crescent Star Insurance Limited(CSIL)	2.7000 ▼ 0.05 (-1.85%)
Pak Rein. / Oct 31 Pakistan Reinsurance Company Limited(PAKRI)	26.2500 ▼ 0.25 (-0.95%)
Ghani Val. Glass / Oct 31 Ghani Value Glass Limited(GVGL)	42.2500 ▼ 1.25 (-0.73%)
Hum Network / Oct 31 Hum Network Limited(HUMNL)	7.4000 ▼ 0.09 (-0.68%)
Descon Oxy. / Oct 31 Descon Oxychem Limited(DOL)	32.0833 ▼ 0.28 (-0.57%)
Cherat Packaging / Oct 31 Cherat Packaging Limited(CPPL)	204.7500 ▼ 1.75 (-0.49%)
Flying Cement Ltd / Oct 31 Flying Cement Company Limited(FLYNG)	10.2400 ▼ 0.09 (-0.49%)
Azgard Nine / Oct 31 Azgard Nine Limited(ANL)	21.0525 ▼ 0.15 (-0.48%)
Habib Bank Ltd. / Oct 31 Habib Bank Limited.(HBL)	131.2000 ▼ 0.95 (-0.40%)
Pak Oxygen / Oct 31 Pakistan Oxygen Limited(PAKOXY)	151.0000 ▼ 0.45 (-0.28%)

Stock	Volume
Unity Foods / Oct 31 Unity Foods Limited(UNITY)	36,191,000 ▼ 0.39
Pak Int.Bulk Ter / Oct 31 Pakistan International Bulk Terminal Limited(PIBTL)	19,376,500 ▼ 0.14
Hascol Petroleum / Oct 31 Hascol Petroleum Limited(HASCOL)	14,087,709 ▼ 0.10
Maple Leaf / Oct 31 Maple Leaf Cement Factory Limited(MLCF)	13,342,354 ▼ 0.58
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	12,744,000 ▼ 1.44
Power Cement / Oct 31 Power Cement Limited(POWER)	10,596,500 ▼ 0.08
Pakistan Refinery / Oct 31 Pakistan Refinery Limited(PRL)	8,876,500 ▼ 0.09
TRG Pak. / Oct 31 TRG Pakistan Limited(TRG)	8,275,000 ▼ 0.56
Fauji Cem. / Oct 31 Fauji Cement Company Limited(FCCL)	6,258,500 ▼ 0.20
Kot Addu / Oct 31 Kot Addu Power Company Limited(KAPCO)	5,871,000 ▼ 0.33

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 30	160.25
USD PKR Interbank Buying / Oct 30	160.20
USD to Japanese Yen / Oct 30	104.63
USD to Swiss Franc / Oct 30	0.92
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.17

Stock	Volume
S&P 500 / Oct 30	3310.11
India Sensex / Oct 30	39749.85
Tokyo Nikkei / Oct 30	23331.94
Nasdaq / Oct 30	11185.59
Hang Seng / Oct 30	24586.60
FTSE 100 / Oct 30	5581.75
Dow Jones / Oct 30	26659.11
Germany DAX 30 / Oct 30	11598.07
France CAC40 / Oct 30	4569.67

Indicator	Value
Weekly Foreign Reserves / Oct 29	19301.60
GDPGROWTH / Oct 29	5.40
Foreign Debt (PKR billions) / Oct 29	15087.50
Per Capita Income USD (CPI) / Oct 29	1516.00
Average CPI % / Oct 29	11.11
UK LIBOR % / Oct 30	0.08