COVID-19 TOTAL DAILY
CASES 326,216 736
DEATHS 6,715 13
Coronavirus toll at 1100 GMT Friday
World

Coronavirus toll at 1100 GMT Friday

  • Based on latest reports, the countries with the most new deaths were the United States with 1,035 new deaths, followed by India with 690 and Brazil with 497.
Published 23 Oct, 2020 11:25pm
Dry weather forecast for city
Pakistan

Dry weather forecast for city

  • On Friday, maximum and minimum temperatures were recorded as 32.7 degree centigrade and 16.5 degree centigrade respectively.
Published 23 Oct, 2020 11:08pm
Dollar headed for weekly loss amid election, stimulus uncertainty
Markets

Dollar headed for weekly loss amid election, stimulus uncertainty

  • Republican President Donald Trump and Democratic challenger Joe Biden squared off on Friday in a less raucous debate than their previous meeting.
  • It was certainly more productive than the first one, but I don't think there was any meaningful shakeup in the outlook for the election.
Published 23 Oct, 2020 08:07pm
Bangladesh scraps another LNG import tender over high prices
Markets

Bangladesh scraps another LNG import tender over high prices

*The offer from Vitol to supply 138,000 cubic metres of LNG for Dec. 9-10 delivery was more than $2 per unit higher than the prices that Bangladesh pays under long-term contracts. * "From December, we will import two cargoes each month from the spot market," Rahman said, adding that both the tenders would be reissued.
Updated 23 Oct, 2020 09:10pm
US says AIG settles tax shelter lawsuit, forgoes over $400mn tax credits
Business

US says AIG settles tax shelter lawsuit, forgoes over $400mn tax credits

  • AIG had filed a lawsuit in 2009 challenging an Internal Revenue Service decision from the prior year to disallow the tax credits and impose a 20% tax penalty.
  • AIG created an elaborate series of sham transactions that were designed to do nothing--and in fact did nothing--other than generate hundreds of millions of dollars in ill-gotten tax benefits.
Published 23 Oct, 2020 07:38pm
Wheat up 5-6 cents, corn up 1-2, soy mixed
Markets

Wheat up 5-6 cents, corn up 1-2, soy mixed

  • Wheat heads higher on technical buying and poor weather in Russia, Argentina and other wheat-producing countries that could tighten global exportable supplies.
  • Corn seen firm on technical buying and expectations of export demand from China. Fresh export sales may lend support.
Published 23 Oct, 2020 07:29pm
Yields at four-month highs, curve steepens on stimulus hopes
Markets

Yields at four-month highs, curve steepens on stimulus hopes

  • US House Speaker Nancy Pelosi on Thursday said negotiators were making progress in talks with the White House for another round of COVID-19 stimulus.
  • The market's playing out inflation expectations here, based on expectations that there's more stimulus and, if Biden gets in,
Published 23 Oct, 2020 07:25pm
Amazon refuses to appear before India panel on data privacy
Business

Amazon refuses to appear before India panel on data privacy

  • Amazon is doing huge business in India ... If it doesn't appear before the committee, coercive action may be initiated against it.
  • Separately, Facebook representatives appeared before the committee on Friday. Twitter has been asked to appear on Oct. 28.
Published 23 Oct, 2020 07:22pm
Russian wheat offered lowest at Egypt's GASC tender
Markets

Russian wheat offered lowest at Egypt's GASC tender

  • GASC also received a lowest offer of $263.97 for 55,000 tonnes of Russian wheat on a FOB basis for a second shipment period from Dec 11-20.
  • Egypt, the world's largest wheat importer, is in the market for an unspecified quantity of the grain following a month-long hiatus.
Published 23 Oct, 2020 07:05pm
Raw sugar gains, heads for sixth week of gains
Markets

Raw sugar gains, heads for sixth week of gains

  • Arabica coffee headed back into negative territory while cocoa prices rallied.
  • December white sugar fell $0.80, or 0.2%, to $398.20 a tonne.
  • January robusta coffee fell $9, or 0.7%, to $1,298 a tonne.
Updated 23 Oct, 2020 07:05pm
Copper drifts lower as investors question recent rally
Markets

Copper drifts lower as investors question recent rally

  • Benchmark copper stormed to $7,000 a tonne on Wednesday, its highest in 28 months and up more than 50% since late March.
  • Three-month copper on the London Metal Exchange (LME) fell 0.4% to $6,897.50 a tonne in official trading.
Published 23 Oct, 2020 06:25pm
Sri Lankan shares end flat as materials, consumer staples drag
Markets

Sri Lankan shares end flat as materials, consumer staples drag

  • The benchmark stock index closed 0.05% lower at 5,768.94. The bourse fell 3% in the past week and is down 5.9% for the year so far.
  • Ceylinco Insurance Plc and Nawaloka Hospitals Plc were the biggest boosts to the index, rising 2.8% and 11.5%, respectively.
Published 23 Oct, 2020 06:22pm
England players agree 15% pay cut as pandemic hits ECB revenues
Sports

England players agree 15% pay cut as pandemic hits ECB revenues

  • The pay cut is made up of match fees, win bonuses and retainers with the 12-month period starting from Oct. 1.
  • We need to recognise that our players, led by captains Joe Root and Eoin Morgan, have conducted themselves with great maturity and responsibility throughout this challenging time,
Published 23 Oct, 2020 05:29pm
Syria fuel crisis eases as Iran delivers new oil supplies
Markets

Syria fuel crisis eases as Iran delivers new oil supplies

  • A vessel began unloading 38,000 tonnes of gasoline at the Baniyas oil terminal on Monday.
  • Data from TankerTrackers, which tracks shipments and oil storage, showed a spike in Iranian exports last month in defiance of US sanctions.
Published 23 Oct, 2020 05:27pm
Wheat firm near 6-year top as weather worries persist
Markets

Wheat firm near 6-year top as weather worries persist

  • Dry weather effects seen in Russian, US, Argentine wheat belts.
  • Egypt wheat tender adds to flurry of international demand.
  • Corn steady near 14-month top on strong export demand.
  • Soybeans also consolidate after 4-year high; Brazil rain eyed.
Published 23 Oct, 2020 05:11pm
Gold gains on weaker dollar, virus woes ahead of US election
Markets

Gold gains on weaker dollar, virus woes ahead of US election

  • Spot gold rose 0.4% to $1,911.14 per ounce by 1115 GMT and was up 0.6% for the week. US gold futures gained 0.5% to $1,914.10.
  • The dollar index fell 0.2% against its rivals, making dollar-denominated gold less expensive for holders of other currencies.
Published 23 Oct, 2020 04:50pm
Warring Libya rivals sign truce but tough political talks ahead
World

Warring Libya rivals sign truce but tough political talks ahead

  • Acting United Nations envoy Stephanie Williams said the ceasefire would start immediately and all foreign fighters must quit Libya within three months.
  • As a first commercial passenger flight in more than a year crossed frontlines from Tripoli to land in the eastern city of Benghazi on Friday,
Published 23 Oct, 2020 04:43pm
Key takeaways from the final U.S. Presidential Debate
World

Key takeaways from the final U.S. Presidential Debate

  • After an outrageously heated first outing between President Donald Trump and former Vice President Joe Biden, both candidates were visibly restrained earlier today - as the mute button, or the threat of it, dictated the nature of a somewhat inconsequential debate.
Updated 23 Oct, 2020 05:29pm