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Markets

Palm reverses early gains on higher output, container shortage

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 14 Apr, 2021 12:12pm

Markets

CBOT soybeans may test resistance at $14.04-1/2

On the daily chart, the contract found a similar support at $13.76-3/4, around which, a spinning top formed on Tuesday.

Published 14 Apr, 2021 12:10pm

Markets

Oil maintains upward momentum but virus concerns cap gains

Traders are waiting to see if official inventory data from the US Energy Information Administration (EIA) on Wednesday matches that view.

Published 14 Apr, 2021 12:06pm

Markets

Japanese shares end lower as virus resurgence hits risk appetite

Insurers fell, with Dai-ichi Life Holdings down 2.13% and T&D Holdings losing 3.89%.

Published 14 Apr, 2021 12:03pm

World

South Korea aims to fight Japan's Fukushima decision in world tribunal

"Our industry is on course to suffer annihilating damage, just with people's concerns about a possible radioactive contamination of marine products," it said in a statement.

Published 14 Apr, 2021 12:01pm

World

French finance minister reiterates 2021 economic growth forecast

France expects its economy to expand by 5% in 2021.

Published 14 Apr, 2021 11:59am

Markets

Yuan edges up as markets take US inflation data in stride

The global dollar index fell to 91.763 from the previous close of 91.795.

Published 14 Apr, 2021 11:53am

Markets

JGB yields fall as BOJ bond operation witnesses decent results

The 30-year JGB yield fell two basis points to 0.650%.

Published 14 Apr, 2021 11:52am

Markets

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic

"Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada," the CER said in its analysis.

Published 14 Apr, 2021 11:50am

Markets

US oil may test resistance at $60.94

8 On the daily chart, oil seems to be bouncing towards $61.74 again, around which, the downtrend may resume.

Published 14 Apr, 2021 11:49am

Markets

Palm oil neutral in 3,659-3,761 ringgit range

On the daily chart, a high-low bottom is developing.

Published 14 Apr, 2021 11:47am

Markets

Brent oil may edge up into $64.46-$65.22 range

A break above $66.15 could lead to a gain into $68.14-$71.38 range.

Published 14 Apr, 2021 11:45am

Markets

Spot gold may revisit April 8 high of $1,758.45

On the daily chart, gold may have completed a pullback towards a support at $1,724.

Published 14 Apr, 2021 11:44am

Markets

Gold edges higher as dollar dwindles after US inflation data

The European Central Bank should spell out its tolerance for overshooting its inflation target, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

Published 14 Apr, 2021 11:41am

Pakistan

Weekends to be observed as closed days: NCOC issues Ramazan SOPs

The NCOC has decided to implement broader lockdowns from today, with stringent enforcement protocols where no mobility will be allowed except in emergency situations.
All indoor and outdoor activities have been banned.

Published 14 Apr, 2021 11:41am

Markets

Singapore dollar gains slightly after central bank stands pat, GDP surprise

All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.

Published 14 Apr, 2021 11:40am

Markets

Dollar slips to three-week low as inflation fears seen baked in for now

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:38am

Markets

Australia, NZ dollars rally as risk sentiment survives US inflation test

"Consumers are in a sweet spot at the moment. The labour market is strong, accumulated savings are elevated and it appears households are resilient to a slow vaccine rollout," said CBA economist Belinda Allen.

Published 14 Apr, 2021 11:36am

Markets

Dollar at three-week low on tamped down fears over inflation

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:32am

Markets

Australia shares rise as tech stocks track Wall Street higher

Beach Energy Ltd slipped 2.1%, while Oil Search Ltd lost 1.38%.

Published 14 Apr, 2021 11:31am

Markets

Australia shares set to rise as commodities, Wall Street shine; NZ up

New Zealand's benchmark S&P/NZX 50 index was up 0.24% to 12687.24 in early trade.

Published 14 Apr, 2021 11:30am

World

EU Commission to end AstraZeneca and J&J vaccine contracts at expiry

It added that Brussels would rather focus on COVID-19 vaccines using messenger RNA (mRNA) technology, such as Pfizer's and Moderna's.

Published 14 Apr, 2021 11:29am

World

Congo to start delayed COVID-19 vaccination with AstraZeneca shots

A government statement late on Tuesday said a task force had determined that the AstraZeneca vaccines already available in the country presented no risks to the population.

Published 14 Apr, 2021 11:22am

World

UN report says millions of women face restrictions on their body

"In essence, hundreds of millions of women and girls do not own their own bodies.

Published 14 Apr, 2021 11:20am

Business & Finance

Pakistan’s powerful groups enjoy economic privileges of over $17bn: UNDP Report

The report highlights that the poorest and richest Pakistanis live in completely different countries, with literacy levels, health outcomes, and living standards that are poles apart.
Pakistan’s tax system does not contribute significantly to reducing inequality in the country due to low share of direct taxation, which is under 20 percent.

Updated 14 Apr, 2021 11:56am

Markets

Hong Kong shares sharply higher at lunch

The Hang Seng Index rallied 1.24 percent, or 352.75 points, to 28,850.00.

Published 14 Apr, 2021 11:18am

World

Report on Capitol Hill riot criticizes police preparation, response

Some of the shields that officers used shattered upon impact because they had not been stored under the right temperature.

Published 14 Apr, 2021 11:16am

Markets

Most Asian markets rise as earnings come into focus

Pfizer also said it had enough production capacity to produce more than two billion doses this year.

Published 14 Apr, 2021 11:12am

World

Biden to accompany first lady for undisclosed medical procedure

It did not say what kind of procedure the first lady will undergo, but the statement said it is a "common" one.

Published 14 Apr, 2021 11:11am

World

The Pfizer/BioNTech vaccine bet that paid off

The shot -- using the hitherto unproven mRNA method to deliver vaccines -- has since proven a success in public rollouts across the world.

Published 14 Apr, 2021 11:09am

World

In world first, New Zealand to make banks report climate impact

"We simply cannot get to net-zero carbon emissions by 2050 unless the financial sector knows what impact their investments are having on the climate," he said.

Published 14 Apr, 2021 11:07am

World

Foreign firms vie to rebuild ravaged Beirut port

Former colonial power France has also been positioning itself to take on the port's reconstruction.

Published 14 Apr, 2021 11:00am

World

Ecuador ex-president vows to 'keep fighting' after protege's defeat

Many experts billed the election as a battle of "Correism versus anti-Correism" in a country bitterly divided along political lines.

Published 14 Apr, 2021 10:58am

Technology

Microsoft defends against new threat to Exchange

US Justice Department officials on Tuesday announced that, with backing from a court, they purged "malicious web shells" hackers had planted in hundreds of computers running Exchange Server software.

Published 14 Apr, 2021 10:56am

World

Biden sends unofficial US delegation to Taiwan

Biden has made clear he wishes to cooperate with China on common causes such as climate change.

Published 14 Apr, 2021 10:54am

Markets

Hong Kong shares rally at open

The Hang Seng Index jumped 1.05 percent, or 299.30 points, to 28,796.55.

Published 14 Apr, 2021 10:52am

World

Pelosi asks Biden to address US Congress to mark 100 days in office

The request came from House of Representatives Speaker Nancy Pelosi, who invited Biden to make a speech April 28 to talk about.

Published 14 Apr, 2021 10:51am

Markets

Tokyo stocks open lower weighed by virus worries

Other reports said one or possibly two separate funds were considering counter buyout offers for Toshiba.

Published 14 Apr, 2021 10:49am

World

Biden urges Putin to ease Ukraine tensions

The US secretary of state also met with EU foreign policy chief Josep Borrell, both of whom expressed deep concern over Russian troop movements, according to a European statement.

Published 14 Apr, 2021 10:47am

World

Beijing pays its UN dues, implies US should follow

Beijing became the second largest financial contributor to UN peacekeeping operations in 2016, and the second largest to the operating budget in 2019, ahead of Japan.

Published 14 Apr, 2021 10:45am

Pakistan

Pakistan reports highest number of COVID-19 deaths in a day since June as 135 people die in 24 hours

Country's COVID-19 tally now stands at 734,423 after 4,681 new cases were reported in 24 hours.
3,645 people also recovered in the past 24 hours.

Updated 14 Apr, 2021 11:20am

Sports

Durant drops 31 as Nets thump Timberwolves

Nash, a two-time former NBA MVP, meanwhile ruled out making himself available for the injury-hit Nets.

Published 14 Apr, 2021 10:41am

World

Germany to give different second jab to AstraZeneca recipients under 60

Most of the cases reported were in women under 60 years of age within two weeks of vaccination.

Published 14 Apr, 2021 10:40am

World

Defence begins for officer charged with murdering George Floyd

Prosecutors have acknowledged that Floyd had fentanyl and meth in his system at the time of his death but introduced testimony from several medical experts who said the doses were not lethal.

Published 14 Apr, 2021 10:38am

World

Argentine VP cleared in one of eight fraud cases

"This is not only a leading case of lawfare but also the meddling and manipulation of judicial power in the electoral processes and Argentine politics," said the veteran firebrand.

Published 14 Apr, 2021 10:36am

World

China envoy to Canada urges against 'decoupling'

Meanwhile, he renewed calls for Canada to release Huawei chief financial officer Meng Wanzhou, saying Canada must "right this wrong."

Published 14 Apr, 2021 10:34am

World

US pauses J&J vaccine in blow to global immunization drive

People who have received a J&J shot within the past three weeks were asked to report to their doctors if they experienced severe headaches, abdominal pain, leg pain or shortness of breath.

Published 14 Apr, 2021 10:33am

World

Covid patients with sedentary habits more likely to die: study

But up to now, a sedentary lifestyle has not been included.

Published 14 Apr, 2021 10:32am

World

'Immunised' Muslim pilgrims in Mecca as Ramadan begins

Saudi Arabia has reported more than 400,000 coronavirus infections and 6,700 deaths from Covid-19.

Published 14 Apr, 2021 10:29am

Business & Finance

Coinbase reference price set at $250/share, values exchange at $65bn

That price for Coinbase, which has opted against a traditional IPO but instead will use a direct listing, means the company is valued at $65.3 billion.

Published 14 Apr, 2021 10:27am

Markets

Global stocks mostly shrug off J&J vaccine woes

Optimism nevertheless appeared intact among traders as bitcoin zoomed to a record high above $63,000 ahead of Wednesday's trading launch of the Coinbase cryptocurrency exchange.

Published 14 Apr, 2021 10:25am

World

20 children killed in Niger school fire

"Rescuers set off rapidly and the fire was put out... but the power of the fire was enormous," he added. "The children were not able to escape."

Published 14 Apr, 2021 10:24am

World

Moderna Covid vaccine efficacy falls slightly to 90% in US trial

The company said that as of April 12, it has delivered 132 million doses of its vaccine globally, including approximately 117 million doses to the United States.

Published 14 Apr, 2021 10:22am

World

French volcano enthusiasts camp out to skirt curfew

Several other spectators have also been camping out to view the volcano, whose name means "Furnace Peak" in English.

Published 14 Apr, 2021 10:20am

Sports

Chelsea into Champions League semis for first time since 2014

Led by the astute Tuchel, who took Paris Saint-Germain to the Champions League final last season, that lofty ambition can't be ruled out.

Published 14 Apr, 2021 10:18am

Sports

PSG edge epic Champions League tussle with Bayern despite second-leg defeat

For all their injuries, their starting line-up was still impressive, and with Thomas Mueller leading from the front and co-ordinating their suffocating press, Bayern took the game to their hosts.

Published 14 Apr, 2021 10:17am

Sports

UEFA Champions League leading scorers

Benzema (Real Madrid), Berisha (Salzburg), Immobile (Lazio).

Published 14 Apr, 2021 10:15am

World

Pfizer says it can deliver 10% more Covid vaccines by end of May

The pharmaceutical giant can also "supply the full 300 million agreed on for the end of July two weeks early

Published 14 Apr, 2021 10:14am

World

Egypt seizes Ever Given ship over $900 million Suez Canal compensation bill

An Egyptian court ordered the vessel's Japanese owner to pay $916 million in compensation as a result of losses inflicted when the Panamanian-flagged vessel blocked the Suez Canal
UK Club says it is the insurer of the Ever Given for certain third-party liabilities including obstruction claims or infrastructure issues but is not the insurer for the vessel itself or the cargo

Updated 14 Apr, 2021 10:53am

Technology

Whatsapp introduces new features for Ramadan

These stickers have highlighted the importance of Iftar, Sehri times, and fasting, and its awareness.

Published 14 Apr, 2021 10:12am

Gainers
Losers
Leaders

Stock	Price
Media Times / Apr 14 Media Times Limited(MDTL)	4.20 ▲ 0.75 (21.74%)
Sana Ind. (R) / Apr 14 Sana Industries (R)(SNAIR)	7.01 ▲ 1.00 (16.64%)
HBL Inv.Fund / Apr 14 HBL Investment Fund(HIFA)	3.42 ▲ 0.42 (14.00%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	11.40 ▲ 1.00 (9.62%)
Telecard / Apr 14 Telecard Limited(TELE)	11.45 ▲ 1.00 (9.57%)
Netsol Tech. / Apr 14 NetSol Technologies Limited(NETSOL)	183.94 ▲ 12.83 (7.50%)
Sapphire Tex. / Apr 14 Sapphire Textile Mills Limited(SAPT)	874.89 ▲ 60.89 (7.48%)
Loads Ltd. / Apr 14 Loads Limited(LOADS)	14.81 ▲ 1.03 (7.47%)
Bolan Castings / Apr 14 Bolan Castings Limited(BCL)	85.87 ▲ 5.87 (7.34%)
Ismail Ind. / Apr 14 Ismail Industries Limited(ISIL)	375.00 ▲ 24.99 (7.14%)

Stock	Price
J.A.Textile / Apr 14 J.A. Textile Mills Limited(JATM)	8.60 ▲ -1.00 (-10.42%)
Mehmood Tex / Apr 14 Mehmood Textile Mills Limited(MEHT)	410.28 ▲ -33.26 (-7.50%)
Nagina Cot. / Apr 14 Nagina Cotton Mills Limited(NAGC)	46.30 ▲ -3.70 (-7.40%)
Shaheen Ins. / Apr 14 Shaheen Insurance Company Limited(SHNI)	3.80 ▲ -0.30 (-7.32%)
Gatron Ind. / Apr 14 Gatron (Industries) Limited(GATI)	476.00 ▲ -36.42 (-7.11%)
Mian Textile / Apr 14 Mian Textile Industries Limited(MTIL)	18.26 ▲ -1.24 (-6.36%)
Pakgen Power / Apr 14 Pakgen Power Limited(PKGP)	25.40 ▲ -1.64 (-6.07%)
Tata Textile / Apr 14 Tata Textile Mills Limited(TATM)	61.00 ▲ -3.48 (-5.40%)
Shezan Int. / Apr 14 Shezan International Limited(SHEZ)	297.02 ▲ -16.08 (-5.14%)
Chakwal Spinng / Apr 14 Chakwal Spinning Mills Limited(CWSM)	2.00 ▲ -0.10 (-4.76%)

Stock	Volume
First National Equities / Apr 14 First National Equities Limited(FNEL)	27,492,500 ▼ 0.00
Media Times / Apr 14 Media Times Limited(MDTL)	15,801,500 ▼ 0.00
TRG Pak. / Apr 14 TRG Pakistan Limited(TRG)	13,874,207 ▼ 0.00
Worldcall / Apr 14 Worldcall Telecom Limited(WTL)	12,656,500 ▼ 0.00
Hum Network / Apr 14 Hum Network Limited(HUMNL)	11,820,000 ▼ 0.00
P.T.C.L.A / Apr 14 Pakistan Telecommunication Company Ltd(PTC)	11,528,000 ▼ 0.00
Ghani Global Hold. / Apr 14 Ghani Global Holdings Limited(GGL)	10,206,000 ▼ 0.00
Sui Northern / Apr 14 Sui Northern Gas Pipelines Limited(SNGP)	9,131,183 ▼ 0.00
Netsol Tech. / Apr 14 NetSol Technologies Limited(NETSOL)	6,166,000 ▼ 0.00
Aisha Steel / Apr 14 Aisha Steel Mills Limited(ASL)	6,064,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 13	152.75
USD PKR Interbank Buying / Apr 13	152.65
USD to Japanese Yen / Apr 13	109.00
USD to Swiss Franc / Apr 13	0.92
Pound Sterling to USD / Apr 13	1.38
Euro to USD / Apr 13	1.20
UK LIBOR % / Apr 13	0.07

Stock	Volume
S&P 500 / Apr 13	4141.59
India Sensex / Apr 13	48544.06
Tokyo Nikkei / Apr 13	29751.61
Nasdaq / Apr 13	13996.10
Hang Seng / Apr 13	28497.25
FTSE 100 / Apr 13	6890.49
Dow Jones / Apr 13	33677.27
Germany DAX 30 / Apr 13	15234.36
France CAC40 / Apr 13	6184.10

Item	Value
Crude Oil / Apr 13	60.63
Karachi Cotton Assoc. / Apr 13	10800.00
Gold 10 Grams / Apr 13	94564.00
Gold Spot / Apr 13	1745.90
Cotton / Apr 13	81.46

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