Companies

GSK, iTeos to develop cancer drug in up to $2bn deal

The iTeos deal is to develop EOS-448, a monoclonal antibody using an anti-TIGIT agent which showed promise in early studies.
GSK and iTeos plan to start combination studies of EOS-448 with GSK's cancer drug dostarlimab in 2022.

Published 14 Jun, 2021 05:45pm

Companies

Pakistan’s GrocerApp raises $5.2 million in Series A round

Plans on using investment to boost current operations and expand to Karachi

Published 14 Jun, 2021 03:35pm

Companies

Toshiba wants to include two foreigners among new board, hold EGM

Osamu Nagayama made the comments at a news conference broadcast online, a day after the crisis-hit conglomerate.

Published 14 Jun, 2021 11:45am

Companies

Planes, trains and boxes: Carlos Ghosn's audacious escape

But while the former auto tycoon is now safely ensconced in Lebanon, in one of his many homes, two of the men accused of helping him escape face trial in Tokyo.

Published 14 Jun, 2021 10:30am

Companies

Airline industry sees long-term rebound for sector

EHESS's Ivaldi believes flight shaming will have little long-term impact.

Published 13 Jun, 2021 10:36am

Companies

Toshiba directors to hold emergency meeting on board reassignments

The reassignment of director candidates for the audit, nominating and compensation committees follows an explosive shareholder-commissioned investigation that accused Toshiba and the government of colluding to pressure foreign investors.

Published 12 Jun, 2021 05:54pm

Companies

Volkswagen US CEO meets with EPA administrator on EVs

The Center for Biological Diversity estimates the California deal will improve fuel economy 3.7% year over year between 2022 and 2026.

Published 11 Jun, 2021 11:40am

Companies

Pakistan’s Dawaai raises $8.5 million amid expansion plans

Hopes to use recent investment to grow its infrastructure expansion and technology

Updated 10 Jun, 2021 01:15pm

Companies

Airbus, Air France want EU green funds used for jet incentives

Airlines criticised the report in a statement issued through their main regional body after a pre-publication version circulated.

Published 10 Jun, 2021 12:00pm

Companies

Tesla to launch high-end Model S 'Plaid' to fend off Mercedes, Porsche

Musk has called the Model S Plaid "the fastest accelerating car ever."

Published 10 Jun, 2021 11:30am

Companies

Peugeot to be prosecuted in France over 'dieselgate'

It has so far cost the German car giant more than 30 billion euros in fines, legal costs and compensation.

Published 10 Jun, 2021 10:36am

Companies

Volkswagen to get $351mn in dieselgate settlement with former execs

Most of compensation from insurance payouts.
Winterkorn to pay 11.2mn euros, Stadler 4.1mn.
Prosecutors charge Winterkorn with false testimony.

Updated 09 Jun, 2021 07:53pm

Companies

Ferrari turns to tech for an electric era chief

Ferrari appoints ST's Benedetto Vigna as new CEO.
Vigna, 52, will start as Ferrari CEO on Sept. 1.
Manager has a 26 years experience in chip industry.
Vigna also needs to revive Ferrari's F1 fortunes.

Updated 09 Jun, 2021 07:46pm

Companies

China's Meituan on hiring spree for 60,000 jobs as expands into new sectors

The Beijing-based company's aggressive hiring plan comes amid regulators' tightened scrutiny on the platform companies in the country.
China's market watchdog announced an antitrust probe into Meituan in April, focusing on a practice whereby a company forces vendors to use its platform exclusively.

Published 09 Jun, 2021 06:45pm

Companies

AirAsia has grounded around 90% of fleet amid COVID-19 surge

AirAsia Group last month reported its seventh consecutive quarterly loss and said it was continuing efforts to secure more liquidity.

Published 09 Jun, 2021 01:25pm

Companies

UK launches action against Ryanair and BA over refunds

During periods of lockdown across Britain, the airlines refused to give refunds to people that were lawfully unable to fly.

Published 09 Jun, 2021 12:53pm

Companies

Ferrari turns to world of tech for its new CEO

Vigna, who is also a member of the STMicroelectronics Executive Committee, will leave the company on Aug. 31.

Published 09 Jun, 2021 12:12pm

Companies

Boeing seeks renegotiation of Air Force One contract

"We thought this was maybe a program where the government actually got a good deal," he said.

Published 09 Jun, 2021 11:47am

Companies

China's factory prices soar in May but consumers avoid cost surge

Dong said Wednesday that "live pig production continued to recover and the pork supply continued to increase".

Published 09 Jun, 2021 11:19am

Companies

Qatar Airways halts A350 deliveries after jet surface problem

"Qatar Airways continues to experience and has witnessed a condition in which the surface below the paint on some of its Airbus A350 aircraft has been degrading at an accelerated rate."
"Qatar Airways will require this condition and its underlying root cause to be fully understood and corrected before the delivery of any further Airbus A350 aircraft."

Published 08 Jun, 2021 05:36pm

Companies

China's Tsingshan to ramp up aluminium production in Indonesia in 2023

Tsingshan made a name for itself in the global nickel market by investing heavily in Indonesia, which banned nickel ore exports from 2020.
Tsingshan would ramp up capacity to 500,000 tonnes per year in 2023, without providing a time for the start of production.

Published 08 Jun, 2021 05:28pm

Companies

China tells PetroChina to stop trading off oil quotas with teapots

Move could cut China's crude oil imports by 3%-sources.
Probe to remove 12-16 mtpa crude imports by independent plants.
Fuel surplus, climate goals main drivers behind decision.

Published 08 Jun, 2021 05:18pm

Companies

Tesla veteran and trucking chief leaves company

Tesla shares fell 0.7% in after market trading.

Published 08 Jun, 2021 12:36pm

Companies

Thai industries sentiment hits 11-month low in May

Thailand on Tuesday reported 2,662 new infections and 28 new deaths, with the current outbreak accounting for more than 80% of its total and about 93% of fatalities.

Published 08 Jun, 2021 12:24pm

Companies

Renault-Nissan's India unit wants state govt to set social distancing rules

The Renault-Nissan plant resumed operations last week after workers earlier went on strike saying they felt unsafe due to a rising number of coronavirus infections at the factory.

Published 08 Jun, 2021 10:47am

Companies

AMC jumps 19pc as funds eye bearish bets

Cinema operator AMC Entertainment Holdings, which almost doubled in value again last week, rose 18.5%, while Microvision, a developer of laser beam scanning technology, climbed 7.1%.

Published 07 Jun, 2021 08:44pm

Companies

Pakistan's Abhi raises $2m in seed investment

Karachi-based fintech raises sum for its salary advance platform in a seed round led by Vostok Emerging Finance
Abhi will be the second Pakistani fintech to join Y Combinator’s next batch after TAG

Published 07 Jun, 2021 06:19pm

Companies

Toyota apologises in settlement over harassment suicide

He said the Toyota settlement was "symbolic" and could have knock-on effects because the automaker is such a well-known and important firm in Japan.

Updated 07 Jun, 2021 01:00pm

Companies

TCL Pakistan opens flagship store in DHA Lahore

LAHORE: TCL, Pakistan's No. 1 TV brand has opened its second flagship store in Lahore. The newly launched flagship...

Published 07 Jun, 2021 03:34am

Companies

United Airlines unveils plan to revive supersonic jet travel

NEW YORK: United Airlines announced plans Thursday to buy 15 planes from airline startup Boom Supersonic in a move...

Published 07 Jun, 2021 03:34am

Gainers
Losers
Leaders

Stock	Price
Jahangir Siddiqui (R) / Jun 14 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	6.01 ▲ 1.00 (19.96%)
Crescent Textile (R) / Jun 14 Crescent Textile Mills Ltd.(R)(CRTMR2)	6.76 ▲ 1.00 (17.36%)
Al-Mali / Jun 14 Modaraba Al-Mali(MODAM)	8.99 ▲ 0.98 (12.23%)
A. Shah Ghazi / Jun 14 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	9.51 ▲ 1.00 (11.75%)
Universal Ins. / Jun 14 The Universal Insurance Company Limited(UVIC)	6.11 ▲ 0.58 (10.49%)
Ashfaq Textile / Jun 14 Ashfaq Textile Mills Limited(ASHT)	11.00 ▲ 1.00 (10.00%)
Byco Petr. / Jun 14 Byco Petroleum Pakistan Limited(BYCO)	12.83 ▲ 1.00 (8.45%)
Int. Ind. / Jun 14 International Industries Limited(INIL)	227.68 ▲ 15.88 (7.50%)
Int. Steel / Jun 14 International Steels Limited(ISL)	98.35 ▲ 6.86 (7.50%)
Khairpur / Jun 14 Khairpur Sugar Mills Limited(KPUS)	49.45 ▲ 3.45 (7.50%)

Stock	Price
Tri-Star Power / Jun 14 Tri-Star Power Limited(TSPL)	6.30 ▲ -0.61 (-8.83%)
Shadman Cotton / Jun 14 Shadman Cotton Mills Limited(SHCM)	30.26 ▲ -2.45 (-7.49%)
Landmark Sp. / Jun 14 Landmark Spinning Industries Limited(LMSM)	26.14 ▲ -2.11 (-7.47%)
Agritech / Jun 14 Agritech Limited(AGL)	6.71 ▲ -0.53 (-7.32%)
Frontier Cer. / Jun 14 Frontier Ceramics Limited(FRCL)	35.21 ▲ -2.74 (-7.22%)
Bilal Fibres / Jun 14 Bilal Fibres Limited(BILF)	3.65 ▲ -0.25 (-6.41%)
HBL Inv.Fund / Jun 14 HBL Investment Fund(HIFA)	3.00 ▲ -0.20 (-6.25%)
Shahtaj Sug. / Jun 14 Shahtaj Sugar Mills Limited(SHJS)	58.20 ▲ -3.75 (-6.05%)
First Pak Modaraba / Jun 14 First Pak Modaraba(PAKMI)	2.81 ▲ -0.18 (-6.02%)
Colony Textile / Jun 14 Colony Textile Mills Limited(CTM)	6.55 ▲ -0.41 (-5.89%)

Stock	Volume
Byco Petr. / Jun 14 Byco Petroleum Pakistan Limited(BYCO)	108,461,000 ▼ 0.00
Hum Network / Jun 14 Hum Network Limited(HUMNL)	108,053,000 ▼ 0.00
Worldcall / Jun 14 Worldcall Telecom Limited(WTL)	97,886,000 ▼ 0.00
Aisha Steel / Jun 14 Aisha Steel Mills Limited(ASL)	40,490,000 ▼ 0.00
Agritech / Jun 14 Agritech Limited(AGL)	38,947,000 ▼ 0.00
Pakistan Refinery / Jun 14 Pakistan Refinery Limited(PRL)	38,684,500 ▼ 0.00
Pak Petroleum / Jun 14 Pakistan Petroleum Limited(PPL)	32,554,179 ▼ 0.00
Hascol Petroleum / Jun 14 Hascol Petroleum Limited(HASCOL)	30,033,280 ▼ 0.00
K-Electric Ltd / Jun 14 K-Electric Limited(KEL)	28,725,000 ▼ 0.00
Ghani Global Hold. / Jun 14 Ghani Global Holdings Limited(GGL)	28,496,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	155.85
USD PKR Interbank Buying / Jun 11	155.75
USD to Japanese Yen / Jun 11	109.66
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.41
Euro to USD / Jun 11	1.21
UK LIBOR % / Jun 11	0.06

Stock	Volume
S&P 500 / Jun 11	4247.44
India Sensex / Jun 11	52474.76
Tokyo Nikkei / Jun 11	28948.73
Nasdaq / Jun 11	14069.43
Hang Seng / Jun 11	28842.13
FTSE 100 / Jun 11	7134.06
Dow Jones / Jun 11	34479.60
Germany DAX 30 / Jun 11	15693.27
France CAC40 / Jun 11	6600.66

Item	Value
Crude Oil / Jun 11	70.91
Karachi Cotton Assoc. / Jun 11	12300.00
Gold 10 Grams / Jun 11	89163.00
Gold Spot / Jun 11	1879.60
Cotton / Jun 11	87.92

Companies

GSK, iTeos to develop cancer drug in up to $2bn deal

Pakistan’s GrocerApp raises $5.2 million in Series A round

Toshiba wants to include two foreigners among new board, hold EGM

Planes, trains and boxes: Carlos Ghosn's audacious escape

Airline industry sees long-term rebound for sector

Toshiba directors to hold emergency meeting on board reassignments

Volkswagen US CEO meets with EPA administrator on EVs

Pakistan’s Dawaai raises $8.5 million amid expansion plans

Airbus, Air France want EU green funds used for jet incentives

Tesla to launch high-end Model S 'Plaid' to fend off Mercedes, Porsche

Peugeot to be prosecuted in France over 'dieselgate'

Volkswagen to get $351mn in dieselgate settlement with former execs

Ferrari turns to tech for an electric era chief

China's Meituan on hiring spree for 60,000 jobs as expands into new sectors

AirAsia has grounded around 90% of fleet amid COVID-19 surge

UK launches action against Ryanair and BA over refunds

Ferrari turns to world of tech for its new CEO

Boeing seeks renegotiation of Air Force One contract

China's factory prices soar in May but consumers avoid cost surge

Qatar Airways halts A350 deliveries after jet surface problem

China's Tsingshan to ramp up aluminium production in Indonesia in 2023

China tells PetroChina to stop trading off oil quotas with teapots

Tesla veteran and trucking chief leaves company

Thai industries sentiment hits 11-month low in May

Renault-Nissan's India unit wants state govt to set social distancing rules

AMC jumps 19pc as funds eye bearish bets

Pakistan's Abhi raises $2m in seed investment

Toyota apologises in settlement over harassment suicide

TCL Pakistan opens flagship store in DHA Lahore

United Airlines unveils plan to revive supersonic jet travel

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