Companies

Germany expects AstraZeneca to deliver 3mn COVID-19 vaccine doses in February

The good news is that if the AstraZeneca vaccine is approved at the end of January, we expect at least 3 million vaccine doses for Germany in February.
The government also remained committed to its goal of vaccinating all willing citizens older than 80 years by the end of March, Spahn said.

Published 23 Jan, 2021 09:14pm

Companies

Samsung chief will not appeal 2.5-year jail term: lawyer

Given Lee has served around a year in prison he is due for release in July 2022, even without parole, a presidential pardon or a commutation.

Published 25 Jan, 2021 11:42am

Companies

Taiwan ministry says TSMC will prioritise auto chips if possible

TSMC, in a statement to Reuters, referred to comments from its Chief Executive Officer C.C. Wei on an earnings call this month.

Published 25 Jan, 2021 10:27am

Companies

KLM to keep long haul flights as COVID testing demands are softened

Crew would also have to follow strict quarantine rules during their stay abroad, the health ministry said.

Published 24 Jan, 2021 02:00pm

Companies

Russia's RDIF signs vaccine production deal with Turkey

RDIF added that it had begun transferring the production technology to Turkey.
RDIF has also signed deals to produce Sputnik V with manufacturers in South Korea, China, India, Brazil, Belarus and Kazakhstan.

Published 23 Jan, 2021 05:58pm

IT and Computers

Microsoft reverses its controversial Xbox Live price hike

Microsoft has announced that it will be reversing the controversial increase in the price for Xbox Live.

Published 23 Jan, 2021 05:41pm

Google to Redesign its Mobile Search Feature

Google is planning to redesign its search results feature for mobile phones.
This new design is expected to roll out in the next few days.

Published 23 Jan, 2021 05:29pm

Companies

United Airlines launches new employee exit deals with pay, memo shows

Chicago-based United said on Wednesday that it planned to offer voluntary leave options for employees as part of an effort to cut about $2 billion of annual costs through 2023.
It ended up furloughing around 13,000 employees last October when an initial round of payroll aid for airlines that banned job cuts expired.

Published 22 Jan, 2021 09:38pm

Companies

BioNTech says offering 50mn needles to extract more vaccine doses

European Union countries have been rushing to secure supplies of special syringes with so-called low dead space that are needed to eliminate waste of vaccine when administering the shots.

Published 22 Jan, 2021 09:08pm

Companies

GM warns Indian state's move to block its exit could hit investment

GM's comments came after authorities in Maharashtra earlier this week rejected the automaker's application to cease operations at its plant in the western Indian state amid protests by workers.
In January 2020, it agreed to sell its second factory in the state's Talegaon district to Chinese automaker Great Wall Motor Co.

Published 22 Jan, 2021 08:31pm

Developer complains to EU over Apple, Google app rules after COVID game rejected

Several developers have challenged Google and Apple over their app policies, triggering calls for regulatory action as nearly all smartphones outside restricted markets such as China come with either Google's Play store or Apple's App Store.
In the United States, state attorneys general are planning a lawsuit against Google over its Play Store for Android phones following complaints.

Published 22 Jan, 2021 08:25pm

Companies

Russia starts paying Belarus compensation for dirty oil

The compensation for the dirty oil, which showed up in the Druzhba pipeline in April 2019 and rattled European oil markets.
The total payment will equate to roughly $15 per barrel, the highest possible level of compensation promised by the Russian oil pipeline monopoly Transneft.

Published 22 Jan, 2021 08:13pm

Companies

Mexico may delay second Pfizer vaccine doses, allows private orders

We're seeing if we need to expand the time period to 35 days.
The Pfizer vaccine is currently the only one being administered in Mexico, which has reported the fourth-highest death toll from the pandemic worldwide.

Published 22 Jan, 2021 08:07pm

Companies

Morocco gets 2mn AstraZeneca vaccine doses; 1st big shipment to Africa

The consignment arrived on a Royal Air Maroc flight from India, which began exporting the vaccine.
World Health Organization Director-General Tedros Adhanom Ghebreyesus this week described the unequal access poor countries had to COVID-19 vaccines as a "catastrophic moral failure".

Published 22 Jan, 2021 08:05pm

Companies

Amazon to hike fees for Spanish users after new digital tax

An Amazon spokesman confirmed the so-called Google tax, which Spain began charging on revenues of large digital companies from Jan. 21, would hit users of its services.
The Amazon document confirmed an earlier report by Spanish online media El Confidencial.

Published 22 Jan, 2021 07:13pm

Companies

Schlumberger profit rises on cost cuts, oil demand recovery

Easing COVID-related restrictions has helped reverse the decline in oil demand and prices.
Le Peuch added that the stage is set for oil demand to recover to 2019 levels by 2023 or even earlier as some analysts have noted.

Published 22 Jan, 2021 06:56pm

Companies

Alstom, China's Power Construction Corp sign MOU on 4.4bn euro Serbia metro

The project is valued at 4.4 billion euros ($5.36 billion) consists of two lines to be build in succession - one 22 kilometre-long and the other of 19.8 km.
The drilling of the tunnels should start the next year.

Published 22 Jan, 2021 06:14pm

Companies

Investors sue Bayer over stock's slump in wake of Roundup litigation

Bayer conducted appropriate due diligence regarding the acquisition process.
This has also been confirmed by the studies of independent experts.

Published 22 Jan, 2021 06:10pm

Companies

Turning corona corner, Volkswagen's profit falls less than feared

2020 adj op profit 10 bln euros vs 19.3 bln in 2019.
VW says deliveries recovered strongly in Q4.
Shares hit 11-month high.

Published 22 Jan, 2021 06:00pm

Alphabet closes down internet balloon network project 'Loon'

Loon was deployed to provide internet in Puerto Rico after Hurricane Maria in 2017, as well as after a major earthquake in Peru.
Operations will be wound down in "the coming months", with the hope that Loon employees will be redeployed at Alphabet, the firm said.

Published 22 Jan, 2021 05:26pm

Companies

Volkswagen operating profit drops by half in 2020

2020 adj operating profit 10 bln euros vs 19.3 bln in 2019.
VW says deliveries recovered strongly in Q4.
Shares turn positive.

Published 22 Jan, 2021 05:16pm

Apple to bring a thinner MacBook Air with Magnetic Charger

Apple Inc. plans on launching a thinner and lighter MacBook Air with a magnetic charger during the second half of this year or in 2022.

Updated 22 Jan, 2021 05:00pm

Companies

China's HNA Group says efforts to resolve liquidity crisis progressing

Risk disposal efforts are progressing smoothly and will soon enter a critical period, the company said in a statement on its social media account.
HNA Group was once one of China's most aggressive deal-makers, spending $50 billion in a global acquisition spree that saw it take stakes in big names such as Deutsche Bank AG and Hilton Worldwide Holdings Inc.

Published 22 Jan, 2021 04:27pm

Companies

Moody's warns over Italy's credit rating if unable to manage EU funds

Conte scraped through a confidence vote last week after coalition partner and former prime minister Matteo Renzi triggered a crisis by quitting the ruling majority.
In November Moody's affirmed Italy's sovereign credit rating at "Baa3".

Published 22 Jan, 2021 07:02pm

Companies

Stellantis' Tavares launches charm offensive with Italian unions

The world's fourth-biggest carmaker was officially created on Saturday from the merger of Fiat Chrysler (FCA) and Peugeot-maker PSA.
Marco Lomio of the UILM union in the Basilicata region, where Melfi is located, said Tavares took time to listen to and answer all questions.

Published 22 Jan, 2021 04:20pm

Companies

Siemens reports stronger than expected results, to review outlook

The trains-to-factory software maker said it would review its outlook for fiscal 2021 when it publishes its full earnings release on Feb. 3.

Published 21 Jan, 2021 11:39pm

Companies

Nissan to source more UK batteries as part of Brexit deal 'opportunity'

In contrast, Ford, which imports everything it sells in Britain, has raised some UK prices due to US-sourced content.

Published 22 Jan, 2021 12:11pm

Companies

Mexico's Pemex risks refinery accidents with planned job cuts

Even though the refineries have a combined processing capacity of 1.6 million barrels per day (bpd), they process less than half of that, Pemex's third-quarter financial report showed.

Published 22 Jan, 2021 12:09pm

Companies

AirAsia Group to raise up to $113mn via private placement

"The proposed private placement will not fully address the Group's current financial concerns as the estimated gross proceeds of up to approximately 454.51 million ringgit would not be sufficient to meet its long-term cash flow requirements," it said.

Published 22 Jan, 2021 11:33am

Companies

Elon Musk to offer $100mn prize for 'best' carbon capture tech

Musk, who co-founded and sold Internet payments company PayPal Holdings Inc, now leads some of the most futuristic companies in the world.

Published 22 Jan, 2021 10:50am

Gainers
Losers
Leaders

Stock	Price
First Punjab Mod. / Jan 25 First Punjab Modaraba(FPJM)	2.70 ▲ 0.20 (14.89%)
Habib Ins. / Jan 25 Habib Insurance Company Limited(HICL)	8.48 ▲ 0.69 (12.92%)
Ghani Auto Ind. / Jan 25 Ghani Automobile Industries Limited(GAIL)	6.69 ▲ 0.50 (11.50%)
Unicap Mod. / Jan 25 Unicap Modaraba(UCAPM)	1.10 ▼ -0.01 (10.00%)
Hi-Tech Lubricants / Jan 25 Hi-Tech Lubricants Limited(HTL)	60.28 ▲ 7.55 (9.66%)
Pak Datacom Ltd / Jan 25 Pak Datacom Limited(PAKD)	113.50 ▲ 4.58 (9.03%)
Fazal Cloth / Jan 25 Fazal Cloth Mills Limited(FZCM)	229.68 ▲ 30.92 (7.50%)
Bawany Air / Jan 25 Bawany Air Products Limited(BAPL)	21.60 ▲ 0.64 (7.46%)
B.R.R. Mod. / Jan 25 B.R.R. Guardian Modaraba(BRR)	14.00 ▲ 0.46 (5.98%)
Ghani Val. Glass / Jan 25 Ghani Value Glass Limited(GVGL)	55.31 ▲ 3.85 (5.55%)

Stock	Price
First Pak Modaraba / Jan 25 First Pak Modaraba(PAKMI)	2.01 ▼ 0.27 (-14.10%)
Saritow Sp. / Jan 25 Saritow Spinning Mills Limited(SSML)	9.90 ▼ 0.86 (-11.61%)
Grays Leas. / Jan 25 Grays Leasing Limited(GRYL)	5.17 ▼ 0.69 (-10.86%)
PICIC Insurance / Jan 25 PICIC Insurance Limited(PIL)	1.38 ▼ 0.11 (-9.80%)
First Prud Mod. / Jan 25 First Prudential Modaraba(PMI)	2.10 ▼ 0.35 (-8.70%)
Chakwal Spinng / Jan 25 Chakwal Spinning Mills Limited(CWSM)	2.02 ▼ 0.17 (-7.76%)
Khurshid Spinng / Jan 25 Khurshid Spinning Mills Limited(KHSM)	19.86 ▼ 0.00 (-7.46%)
HBL Inv.Fund / Jan 25 HBL Investment Fund(HIFA)	3.49 ▼ 0.28 (-7.43%)
Summit Bank / Jan 25 Summit Bank Limited(SMBL)	1.85 ▼ 0.14 (-7.04%)
Saudi Pak Leas. / Jan 25 Saudi Pak Leasing Company Limited(SPLC)	1.76 ▼ 0.25 (-6.88%)

Stock	Volume
K-Electric Ltd / Jan 25 K-Electric Limited(KEL)	25,544,000 ▼ 0.09
TRG Pak. / Jan 25 TRG Pakistan Limited(TRG)	24,247,500 ▼ 8.01
Invest Cap. Bank / Jan 25 Invest Capital Investment Bank Limited(ICIBL)	17,052,500 ▼ 0.87
Fauji Foods / Jan 25 Fauji Foods Limited(FFL)	15,931,500 ▼ 0.35
Fauji Fert. Bin / Jan 25 Fauji Fertilizer Bin Qasim Limited(FFBL)	12,716,500 ▼ 1.75
Pak Int.Bulk Ter / Jan 25 Pakistan International Bulk Terminal Limited(PIBTL)	10,876,500 ▼ 0.31
Hum Network / Jan 25 Hum Network Limited(HUMNL)	10,747,500 ▼ 0.17
Aisha Steel / Jan 25 Aisha Steel Mills Limited(ASL)	8,124,000 ▼ 1.32
Jahangir Sid. Co. / Jan 25 Jahangir Siddiqui & Co. Ltd.(JSCL)	7,318,000 ▼ 0.75
Azgard Nine / Jan 25 Azgard Nine Limited(ANL)	6,722,500 ▼ 1.04

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 23	160.75
USD PKR Interbank Buying / Jan 23	160.65
USD to Japanese Yen / Jan 23	103.81
USD to Swiss Franc / Jan 23	0.89
Pound Sterling to USD / Jan 23	1.37
Euro to USD / Jan 23	1.22

Stock	Volume
S&P 500 / Jan 23	3850.96
India Sensex / Jan 23	48878.54
Tokyo Nikkei / Jan 23	28631.45
Nasdaq / Jan 23	13559.29
Hang Seng / Jan 23	29447.85
FTSE 100 / Jan 23	6695.07
Dow Jones / Jan 23	31048.96
Germany DAX 30 / Jan 23	13873.97
France CAC40 / Jan 23	5559.57

Indicator	Value
UK LIBOR % / Jan 23	0.09

Companies

Germany expects AstraZeneca to deliver 3mn COVID-19 vaccine doses in February

Samsung chief will not appeal 2.5-year jail term: lawyer

Taiwan ministry says TSMC will prioritise auto chips if possible

KLM to keep long haul flights as COVID testing demands are softened

Russia's RDIF signs vaccine production deal with Turkey

Microsoft reverses its controversial Xbox Live price hike

Google to Redesign its Mobile Search Feature

United Airlines launches new employee exit deals with pay, memo shows

BioNTech says offering 50mn needles to extract more vaccine doses

GM warns Indian state's move to block its exit could hit investment

Developer complains to EU over Apple, Google app rules after COVID game rejected

Russia starts paying Belarus compensation for dirty oil

Mexico may delay second Pfizer vaccine doses, allows private orders

Morocco gets 2mn AstraZeneca vaccine doses; 1st big shipment to Africa

Amazon to hike fees for Spanish users after new digital tax

Schlumberger profit rises on cost cuts, oil demand recovery

Alstom, China's Power Construction Corp sign MOU on 4.4bn euro Serbia metro

Investors sue Bayer over stock's slump in wake of Roundup litigation

Turning corona corner, Volkswagen's profit falls less than feared

Alphabet closes down internet balloon network project 'Loon'

Volkswagen operating profit drops by half in 2020

Apple to bring a thinner MacBook Air with Magnetic Charger

China's HNA Group says efforts to resolve liquidity crisis progressing

Moody's warns over Italy's credit rating if unable to manage EU funds

Stellantis' Tavares launches charm offensive with Italian unions

Siemens reports stronger than expected results, to review outlook

Nissan to source more UK batteries as part of Brexit deal 'opportunity'

Mexico's Pemex risks refinery accidents with planned job cuts

AirAsia Group to raise up to $113mn via private placement

Elon Musk to offer $100mn prize for 'best' carbon capture tech

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