News Archives for Business & Finance - 2021-01-12

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Business & Finance - Companies - 2021-01-12

Companies

Sanofi's standalone drug ingredients business to be called EUROAPI

The company signalled last February it intended to carve out its active pharmaceutical ingredients business, which provides biologically active components for drugs.
Sanofi said it expected the new company, which will be based in France and have 3,200 staff, to have sales of around 1 billion euros ($1.2 billion) by 2022.

Published 12 Jan, 2021 09:10pm

Companies

India's Bharat Biotech to supply its COVID-19 vaccine to Brazil

India's drug regulator has given emergency use approval to Bharat Biotech's COVAXIN, as well as to AstraZeneca and Oxford University's Covishield vaccine.
Bharat Biotech said it has signed an agreement with a Brazil-based pharmaceutical seller, Precisa Medicamentos, to supply COVAXIN.

Published 12 Jan, 2021 08:55pm

Companies

GM to launch BrightDrop electric delivery vehicle business

The move will put GM squarely in competition in the commercial sector with crosstown rival Ford Motor Co as well as startups such as Rivian, Arrival and Canoo.
Barra introduced BrightDrop in an online keynote address at the annual tech and gadget show CES.

Published 12 Jan, 2021 08:37pm

Companies

Bangladesh's Beximco could start private sales of AstraZeneca vaccine next month

The COO, Rabbur Reza, said that was about twice the price of around $4 that Beximco had agreed for separate supplies of 5 million doses a month.
The delivery of the shots to India's eastern neighbour, the world's eighth-most populous country with more than 160 million people.

Published 12 Jan, 2021 08:23pm

Companies

General Motors unveils Cadillac flying car and shuttle concepts at CES

Cadillac also is working on a battery-powered luxury two-seater, said GM design chief Mike Simcoe, as part of GM Chief Executive Mary Barra's keynote presentation.

Published 12 Jan, 2021 08:19pm

Companies

Toyota resumes some production lines in China after temporary suspension

Toyota said on Friday it would cut production of its Tundra pickup truck at its San Antonio plant in Texas.
Ford Motor Co, Fiat Chrysler Automobiles and Nissan Motor Co Ltd have also said they would cut output this month due to a lack of semiconductors.

Published 12 Jan, 2021 07:34pm

Companies

Lamborghini 2020 deliveries drop 9pc on COVID hit, order book ‘robust’

Sales in the later part of the year rebounded to mark the best second half in the company's history in terms of deliveries to customers.
The United States remain the company's top market, with 2,224 Lamborghinis delivered there last year.

Published 12 Jan, 2021 07:27pm

Companies

Swiss drugs regulator approves Moderna's COVID-19 vaccine

Swiss expect 1.5 mln doses by Feb from Moderna, Pfizer/BioNTech.
Moderna's vaccine is second to win Swiss approval.
COVID-19 infections raging in nation of 8.6 mln people.

Published 12 Jan, 2021 07:23pm

Companies

China and electric cars offer automakers hope after a dire 2020

VW brand sales down just over 15%, but EV sales up.
Volkswagen's Audi had best ever Q4.
China, EVs also help BMW limit 2020 sales decline.
Renault underperforms, but also sees EV sales rise.

Published 12 Jan, 2021 07:12pm

Companies

Novartis, once wary of Chinese M&A, dives into BeiGene's cancer immunotherapy

Novartis's China foray follows Pfizer deal in September.
Swiss drugmaker playing catch-up on cancer immunotherapy.
Novartis CEO was previously tepid on Chinese assets.

Published 12 Jan, 2021 07:07pm

Companies

Ford plant closures to aid overseas profitability: J.P. Morgan

The United States' No. 2 automaker on Monday said it would take pretax charges of about $4.1 billion to close the Brazilian plants

Published 12 Jan, 2021 06:58pm

Companies

Sanofi, Israel's Biond Biologics to collaborate on new cancer drug

Biond, a privately-held biopharmaceutical company, developing novel immunotherapies for cancer.
A Phase 1 study to evaluate the safety, tolerability, and preliminary anti-tumor activity of BND-22 in advanced cancer patients is planned to start by mid-2021.

Published 12 Jan, 2021 06:56pm

Companies

Japanese firms plan $103mn investment in Morocco car parts sector

Yazaki will build three new factories in Tangier, Kenitra and Meknes worth $52 million while Sumitomo will set up its fifth Moroccan factory in Casablanca for $51 million.

Published 12 Jan, 2021 06:52pm

Companies

Albertsons raises forecast after beating sales on pandemic-driven food demand

Several grocery retailers across the United States have ramped up their e-commerce platforms, from online ordering to flexible delivery options.
Albertsons, which also owns Vons and Safeway supermarkets.

Published 12 Jan, 2021 06:37pm

Companies

Volkswagen brand 2020 sales drop but recovery seen in Dec

Volkswagen said it had seen sales recovering in December compared to previous months, rising by 19.5% in western Europe and 14.7% in North America.
We are well on the way to achieving our goal of becoming the market leader in battery electric vehicles.

Published 12 Jan, 2021 05:34pm

Companies

India delivers COVID-19 shots to prepare for 'world's biggest vaccination drive'

Airlines to deliver 5.65 mln doses to cities, minister says.
Vaccinations set to begin Saturday.
Inoculations for 300 mln at high risk eyed in 6 to 8 months.

Published 12 Jan, 2021 05:31pm

Companies

Marks & Spencer temporarily closing Czech stores as of Jan 15

It said it would continue online sales through a local online retail partner and was looking forward to contact with customers.
Czech news website ran images of partially empty shelves from a Prague food store.

Published 12 Jan, 2021 04:42pm

Companies

Toyota halts some production lines in China due to chip shortage

Toyota said on Friday it would cut production of its Tundra pickup truck at its San Antonio plant in Texas.

Published 12 Jan, 2021 02:48pm

Companies

VW's Skoda Auto deliveries fall 19.1% in 2020

The company saw its biggest drop in China, where deliveries fell 38.7%, it said.

Published 12 Jan, 2021 02:39pm

Companies

BMW sales fall 8.4% in 2020 as coronavirus takes toll

"We succeeded in concluding the year with a strong fourth quarter and once again we lead the premium segment worldwide," BMW board member Pieter Nota said in a statement.

Published 12 Jan, 2021 02:37pm

Companies

Renault says sales fell 21% in 2020, but turnaround on track

Like its Japanese alliance partner Nissan, Renault is rowing back on an aggressive expansion plan pursued by Carlos Ghosn, its former boss-turned-fugitive.

Published 12 Jan, 2021 02:32pm

Companies

Ford to close all its factories in Brazil

Karl Brauer, an analyst with CarExpert.com, said there has been much consolidation in the auto sector in recent years.

Published 12 Jan, 2021 11:03am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	278.40
USD PKR Interbank Buying / Apr 16	278.10
USD to Japanese Yen / Apr 16	154.32
USD to Swiss Franc / Apr 16	0.91
Pound Sterling to USD / Apr 16	1.24
Euro to USD / Apr 16	1.06

Stock	Volume
S&P 500 / Apr 15	5061.82
Nasdaq / Apr 15	15885.02
Dow Jones / Apr 15	37735.11
India Sensex / Apr 16	73041.46
Tokyo Nikkei / Apr 16	38375.98
Hang Seng / Apr 16	16327.73
FTSE 100 / Apr 16	7851.82
Germany DAX 30 / Apr 16	17757.12

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 9	21735
Crude Oil USD/Barrel / Apr 16	85.94
Gold 10 Grams PKR / Apr 16	214077
Gold Spot USD/Ounce / Apr 16	2387.66

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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