Business Recorder

• The tourism and travel industry and shop owners in northern areas rely heavily on business in summer months when local tourists come in large numbers to spend holidays.

• The minister reminded that the PPP was at the helm of affairs in Sindh for the three decades but they could not improve the governance system there.

• These include 51 more patients discharged after complete recovery in the state-controlled health facilities across AJK.

• The minister said all the stakeholders including chief ministers were devising strategies with consensus and consultations with National Command and Operation Center (NCOC).

• Faisal Vawda said the incumbent government had inherited a huge backlog of billions of rupees as result of the agreement with K-Electric besides other losses since then.

• China industrial production data due Thursday.
• Cash over three-month copper contract at 14-month high.

• Investors will be watching out for the Bank of Canada latest interest rate decision and its quarterly monetary policy report on Wednesday.
• The energy sector dropped 0.4% as US crude prices were down 0.5% a barrel, while Brent crude lost 0.5%.

• "It's been a good day for equities in general and a good day for risk," said Rabobank strategist Lyn Graham-Taylor, adding: "I think (moves) definitely will be exaggerated by quiet markets."
• Rabobank's Graham-Taylor expects the EU's recovery fund to be the main driver of market moves this week.

• The bank asked dealers to submit existing import documents, called Form M, opened for importation of maize by Wednesday.
• The government is seeking to fund a balance of payment gap of around $14 billion in 2020, according to central bank data.

• Analog Devices rises on $21 bln deal to buy rival Maxim.
• Pepsi gains as results beat on higher demand for snacks.
• Pfizer, BioNTech get 'fast track' status for vaccine candidates.
• Indexes up: Dow 1.53%, S&P 1.30%, Nasdaq 1.76%.

• Bailey acknowledged there had been calls to step back from the Libor transition as a priority because of the shock to global financials markets caused by the coronavirus crisis.
• But in my view, what we saw in financial markets in March in response to the shock of Covid only reinforces the importance of removing the financial system's dependence on Libor in a timely way.

• Revenue rose 13.1% to 454 billion yuan ($64.90 billion) in the first half of the year, compared to 401.3 billion yuan the year before.
• The Chinese technology company posted the rise even as American officials have put increased pressure on the company's suppliers and customers.

• OPEC+ panel meets Wednesday to review supply cut.
• Producers not expected to extend supply cuts at same level.
• Saudi oil exports in Aug to stay at July level.

• Gazprom Neft said on Monday it took 47 days to deliver a cargo with 144,000 tonnes of light Novy Port oil grade to the Chinese port of Yantai on the Bohai Sea from Russia's north-western city of Murmansk.
• Combined with its second Arctic oil field, Prirazlomnoye in the Pechora Sea, Gazprom Neft has shipped over 40 million tonnes of Arctic oil to Europe.

• Factories were operating with just 10% or 20% workforce because of lockdown. Demand was also weak from overseas during the quarter.
• Production is still likely to be affected in July and will return to normal levels only after restrictions are eased.

• The benchmark CSE All Share Index closed down 2.26% at 4,879.8, its biggest one-day percentage drop since May 12 and marked its second straight session of losses.
• Lanka will also delay the opening up of its airports, local media reported, quoting the country's civil aviation minister.

• While MUFG has made a large investment in Southeast Asian banks as Japan faces demographic decline and ultra-low interest rates,
• Since our investment phase is over, we are not considering making a big acquisition of commercial banks immediately but will harvest profits from the investments.

• Investors are now using that move as an opportunity to reset bets that long-dated yields will rise, and to reenter trades that benefit from a steeper yield curve.
• Thirty-year bond yields increased four basis points to 1.365%. The gap between five-year note and 30-year bonds yields.

• Global COVID-19 case surpass 13 million.
• Chilean central bank seen holding interest rates.
• Latam stocks rise along with broader markets.

Indian batting great is a long-standing critic of the decision review system (DRS).

• Foreign firms have spent tens of billions of dollars in India in recent years.

• Nearly 690 million people, or 8.9 percent of people around the globe, are hungry, the UN found.

• Traders noted that price decline came despite a drop in liquefied natural gas (LNG) exports this month to their lowest since early 2018.
• Front-month gas futures for August delivery on the New York Mercantile Exchange fell 2.7 cents, or 1.5%, to $1.778 per million British thermal units.

• Petroleo Brasileiro SA, as the firm is formally known, had said earlier on Saturday that the batch of imported jet fuel complied with the requirements laid out by Brazilian oil regulator ANP.
• Petrobras Distribuidora SA, as BR Distribuidora is formally known, is partially owned by Petrobras and is Brazil's largest fuel distributor.

• In Dubai, where real estate market has been sluggish, the index declined 0.9%, dragged down by a 2.2% fall in blue-chip developer Emaar Properties .
• The benchmark index in Saudi Arabia fell 0.3%. Al Rajhi Bank lost 0.7% and oil behemoth Saudi Aramco decreased 0.5%.

• The Dow Jones Industrial Average rose 149.77 points, or 0.57%, at the open to 26,225.07
• The S&P 500 opened higher by 20.04 points, or 0.63%, at 3,205.08, while the Nasdaq Composite gained 112.48 points.

• Canadian dollar rises 0.3% against the greenback.
• Canadian producer prices gained 0.4% in June.
• Price of US oil falls 0.4%.
• Canadian bond yields rise across much of a steeper curve.

• The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 15 ringgit, or 0.62%, at 2,427 ringgit ($569.32) a tonne, after rising as much as 1.45%.
• Malaysian palm oil inventories at end-June fell 6.3% from a month earlier, while production jumped 14.2%,

• The candidates, BNT162b1 and BNT162b2, are the most advanced of the at least four vaccines being assessed by the companies in ongoing trials in the United States and Germany.
• Early data from the German trial of BNT162b1 are expected to be released in July, the companies said.

• October raw sugar fell 0.07 cents, or 0.6%, to 11.69 cents per lb at 1054 GMT, having hit a 2 week low of 11.67.
• September New York cocoa fell $11, or 0.5%, to $2,149 a tonne.

• Saudi Arabia often burns more oil - estimated at about 550,000 barrels per day (bpd) - during the hot summer months for power generation.
• This summer the demand for oil burning is set to rise more than last year due to COVID-19 movement restrictions which have forced millions of people to stay home.

• The dollar ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic's sweeping impact was over.
• The index that measures it against a basket of major currencies had slipped 0.2% by midday in London to 96.481 .

• Indonesia and Pakistan, the largest Muslim-majority countries by population, send the most pilgrims.
• Our money is stuck in airlines. Our offices are closing because we cannot keep workers

• OPEC JMMC meets this week to decide on supply cuts.
• WHO reports record daily rise in new COVID-19 cases.
• Libya re-imposes force majeure on oil exports.

• The proceeds are expected to be used to bring the company's first product, the Fisker Ocean, to production in late-2022.
• The deal mirrors that of peer Nikola Corp, which went public last month, as investors place bets on which startup will be the next Tesla Inc.

• London stocks won 0.9 percent in late Monday morning deals while Frankfurt won one percent and Paris gained 0.8 percent.

• The bank said it expected to report a CET1 capital ratio of 14% in half-year results later this month, up from 13.1% at the end of March.
• The bank said its half-year results would reflect challenging income and impairments in its consumer and corporate business, but strength in its markets income.

• A member of the supervisory board told Reuters that the board has approved the investment to buy 30 Velaro trains which can reach speeds of up to 350 kilometres per hour.
• The investment is part of the rail group's strategy to double its number of long-distance passengers by 2030.

• Mourinho has already won the Europa League with Manchester United and with Porto and wants his side to allow him a crack at a third.

• The dollar index eased 0.2%, after a third consecutive weekly decline.
• Safe-haven gold's rise also came despite gains in European shares.
• Platinum was 3.5% higher at $842.68 per ounce; palladium gained 0.7% to $1,983.71.

• Pogba told the club's official matchday programme that players were now pulling in the same direction.

• The majority of the first $400 million to be spent this year is going toward two programs Apple is working on with the California Housing Finance Agency.
• Under the second, Apple has worked through the agency to help provide mortgage and down payment assistance to hundreds of first-time home buyers to date.

• Analog offer at 22% premium.
• Combined enterprise value of about $68bn.
• Maxim shares up 17% in premarket trading.

Following the partnership, Telenor will have access to data covering 600,000 km of road network, 3 million points of interest (POIs), which will enable the telecom operator to offer tailored products and solutions for B2B customers as per their needs.

Spaniard will become just the second goalkeeper after Alex Stepney to make 400 appearances for the club.

The model and singer has been working hard to make sure her tracks "sound awesome."

• “I swear to God, I did not kill anyone,” he told ATC.

• On a cumulative basis, workers’ remittances increased to another “historic high level’ of $23,120.7 million during FY20, witnessing a growth of 6.4pc over $ 21,739.4mn during FY19.

• NCOC said only limited visitors will be allowed.

• The 2,300-tonne corvette PNS ‘Yarmook’ F-271 is capable of performing a variety of tasks and maritime operations and could also transport a helicopter and an Unmanned Aerial Vehicle (UAV).

Middle order batsman was charged by the PCB on two counts of breaching its anti-corruption code.

• Pakistan has “really moved fast into that area,” said Dawood, and was optimistic that the current year would be better than the previous, with regards to PPE exports.

The Premier League side vehemently denied any wrongdoing and appealed the decision at CAS last month.

The 32-year-old Trinidad quick was originally only named as a travelling reserve as he recovered from ankle surgery.

• Pakistan decided to resume exports through the border on special request from the Government of Afghanistan.

• These centers will facilitate citizens to avail of various services at their doorsteps.

• The minister called on the sports goods manufacturers of Sialkot, a city known globally for its sports products to have a joint project with the technical universities of the country to develop this product.

• Coronavirus tally has reached 251,625 and death toll 5,266.

• "The sole objective behind the decision is to help them weather the economic fallout of the COVID-19 pandemic," ADFD.

• He reaffirmed Pakistan's commitment to continue to support struggle of Kashmiri people for their right to self-determination.