News Archives for Latest - 2020-07-30

Energy

Exxon prepares spending, job cuts in last ditch move to save dividend

It was unclear how extensive the cuts will be. The largest US oil company slashed this year's budget by 30% in April.
Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data.

Published 30 Jul, 2020 11:57pm

Commodities

US sells record amount of corn to China as tensions rise

The US Agriculture Department said on Thursday that private exporters sold 1.937 million tonnes of corn to China for delivery in the 2020/21 marketing year.
In a separate report, the USDA said soybean sales to China rose to 1.925 million tonnes in the week ended July 23.

Published 30 Jul, 2020 11:51pm

USA

Senators urge US Justice Dept to probe TikTok, Zoom

The two lawmakers said they were asking for the investigation because of reports of violations of Americans' civil liberties.
We believe that it is imperative that the Department of Justice investigate and determine whether Zoom and TikTok's business relationships.

Published 30 Jul, 2020 11:47pm

Industry

Altice's owner Drahi says Huawei 5G equipment are the best

Sources told Reuters last week that France, where Altice Europe owns the second-biggest telecoms operator SFR.
"For me, Huawei, are the best," Franco-Israeli tycoon Patrick Drahi told analysts in a call. "They are not the cheapest... but they are the best."

Published 30 Jul, 2020 11:40pm

Financial

Poor economic data, Trump tweet send yields to lowest in months

The benchmark 10-year yield was down 3.8 basis points at 0.5429% in afternoon trading after going as far down as 0.538%, its lowest since March 9.
About the same time, the Labor Department said US jobless claims rose to 1.434 million for the week of July 25, up from 1.422 million in the prior week.

Published 30 Jul, 2020 11:38pm

Industry

Air France-KLM plans 'careful' ramp-up after Q2 loss

Over the crucial summer months, the Franco-Dutch airline group now expects to run 45% of the third-quarter capacity flown a year earlier - rising to 65% for the fourth quarter.
In the second quarter, Air France-KLM operated about 12% of its year-earlier flights, based on seats and distance flown.

Published 30 Jul, 2020 11:36pm

Money & Banking

Commerzbank considers Landesbank veteran Vetter for chair

A decision on Monday by the board to back Vetter, a former chief executive of Landesbank Baden-Wuerttemberg.
That followed a public campaign for change by top investor, the US private equity firm Cerberus, which holds a 5% stake in the bank.

Published 30 Jul, 2020 11:32pm

USA

US CDC reports 4,405,932 coronavirus cases

The CDC reported its tally of cases of the respiratory illness known as COVID-19.
The CDC figures do not necessarily reflect cases reported by individual states.

Published 30 Jul, 2020 11:31pm

Africa

IMF approves $171.9mn to Madagascar to address COVID-19 pandemic

This is the second emergency disbursement since the onset of the pandemic and will help finance the country's urgent balance of payments and fiscal needs.

Updated 30 Jul, 2020 11:31pm

Pakistan

KPK tourism businesses get wavier in license registration, renewal fee for one-year: SAPM

He said the initiative was taken to boost the tourism sector in the province.

Published 30 Jul, 2020 09:15pm

World

WHO warns over virus risk to young people

Young people are not invincible," WHO chief Tedros Adhanom Ghebreyesus told a virtual news conference in Geneva.

Published 30 Jul, 2020 09:01pm

Pakistan

CM directs to impose ban on use of polythene bags across KP

He expressed these views while addressing a meeting of the Provincial Cabinet at Civil Secretariat Peshawar.

Published 30 Jul, 2020 08:58pm

Cotton

Fakahr Imam stressed revitalizing seed technology for sustainable agriculture, economic growth

He said the new seed technology belonged to the multi-national companies, which were not interested to introduce its seed varieties in Pakistan.

Published 30 Jul, 2020 08:55pm

Pakistan

Minister inaugurated digitalization of record of KDA

This was stated by Nasir Hussain Shah while addressing a ceremony to digitalize records at KDA office here, said a statement.

Published 30 Jul, 2020 08:46pm

Pakistan

PM concerns over Karachiites sufferings due to rains: Governor Sindh

He was addressing the press conference after his meeting with Prime Minister Imran Khan held in Islamabad here on Thursday.

Published 30 Jul, 2020 08:44pm

Pakistan

Pakistan to mark Youm-e-Istehsal to highlight Indian illegal action: Moeed

He was addressing an interactive session 'Hope for Kashmir' (Kashmir Ki Umeed) with press secretaries and diplomatic attaches of Pakistani mission across the globe the other day.

Published 30 Jul, 2020 08:17pm

Companies

Metro Pakistan initiates ‘Madadgar programme’ with Akhuwat foundation

The micro-finance programme, in collaboration with Akhuwat, will provide support to the small businesses which are impacted by the ongoing pandemic and its aftermaths.

Updated 30 Jul, 2020 08:34pm

Commodities

CBOT Trends - Wheat down 2-4 cents, corn steady-up 2 cents, soy down 1-3 cents

CBOT September soft red winter wheat last traded down 3-1/4 cents at $5.29-1/2 a bushel.

Published 30 Jul, 2020 08:14pm

Industry

Nestle wants to keep earnings and sales growth in balance

"Over several years, what I would want to ensure is that combined with our internal growth, our earnings, earnings per share and dividend growth story doesn't get interrupted,"

Published 30 Jul, 2020 08:12pm

Industry

J&J starts human study of COVID-19 vaccine after promising monkey data

Stoffels said prior tests of this type of vaccine in other diseases found that a second shot significantly increases protection.

Published 30 Jul, 2020 08:09pm

Stocks

Wall St slips as Trump raises possibility of delaying elections

The Dow Jones Industrial Average fell 172.15 points, or 0.65pc, at the open to 26,367.42.

Published 30 Jul, 2020 08:05pm

Forex

Mexican peso tumbles on record GDP contraction

Sanghani also said the data bolsters bets for the Mexican central bank to continue its easing cycle.

Published 30 Jul, 2020 08:02pm

Industry

Reliance profit rises on BP deal gain; revenue slides 44pc on oil hit

Revenue from the refining unit fell 54pc, said Reliance, which operates the world's biggest oil refining complex.

Published 30 Jul, 2020 07:57pm

USA

Pompeo: US will do what it can to ensure Nord Stream 2 pipeline does not threaten Europe

"We'll do everything we can to make sure that that pipeline doesn't threaten Europe," Pompeo said while testifying publicly at a Senate Foreign Relations Committee hearing.

Published 30 Jul, 2020 07:55pm

Forex

Canadian dollar slides to 1-week low as oil falls 5pc

The Canadian dollar was trading 0.8pc lower at 1.3445 to the greenback, or 74.38 U.S. cents.

Published 30 Jul, 2020 07:52pm

Commodities

Tunisia buys soft wheat, durum and barley in tender

The soft wheat was believed to have been bought in two consignments of 25,000 tonnes for shipment in October.

Published 30 Jul, 2020 07:51pm

USA

Florida reports record increase in COVID-19 deaths for third day in a row

Florida also reported 9,956 new cases, bringing its total infections to over 461,000, the second highest in the country behind California.

Published 30 Jul, 2020 07:43pm

Sports

Javed Murtaza appointed PCB’s Chief Financial Officer

Javed is a fellow member of the Institute of Chartered Accountants in Pakistan, in England and Wales and is also a Certified Public Accountant from Virginia State Board of Accountancy, USA.

Updated 30 Jul, 2020 07:45pm

Pakistan

Eid prayers arrangements, timing in Karachi

Nasir said that the leaves of officers and employees of all concerned local bodies has been canceled.

Published 30 Jul, 2020 07:37pm

Pakistan

Officers to remain present in field on Eidul Azha to provide relief to people: Nasir Shah

He said that all the local body and district administration officers would be present in the field to solve the problems and grievances of the people.

Published 30 Jul, 2020 07:35pm

Pakistan

PTI govt working tirelessly to root out corruption: CM

It was satisfying that transparent policies of the PTI-led government were also acknowledged internationally, Usman Buzdar said.

Published 30 Jul, 2020 07:33pm

Pakistan

Corruption, theft and mismanagement intolerable in power sector: PM

The prime minister directed the ministry concerned to furnish an action plan for implementation of the reforms process as per the stipulated time frame.

Published 30 Jul, 2020 07:30pm

World

Trump suggests delay in presidential election over coronavirus fears

Trump has previously insisted that he sees no problem going ahead with the election, where he faces Democratic challenger Joe Biden.

Published 30 Jul, 2020 07:28pm

Pakistan

PR to operate five special trains on Eid

According to the PR spokesperson on Thursday, the decision was taken due to heavy rush on Eid.

Published 30 Jul, 2020 07:27pm

13 ABAD developers pledge Rs1,370bn construction projects in NCC meeting

The meeting reviewed in detail the progress made by the government in construction sector along with the incentives announced for its promotion.

Published 30 Jul, 2020 06:37pm

President says proud of nation's discipline in SOPs compliance against coronavirus

President Alvi said Pakistan was able to control the situation of coronavirus significantly as a downward trajectory of cases was witnessed after June 20.

Published 30 Jul, 2020 06:34pm

Pakistan

CM approves expansion of rainwater's storage project

He was chairing a meeting at his office to review the performance of the housing department.

Published 30 Jul, 2020 06:31pm

Pakistan

Work on Dir Chitral road to start in March 2021: Murad

He said he had asked for a feasibility for construction of Dir Chitral motorway and for making it part of the CPEC.

Published 30 Jul, 2020 06:29pm

USA

US weekly jobless claims rise again with 1.43mn filed

The data for the week ended July 25 marked an increase of 12,000 from the previous week's upwardly revised level.

Published 30 Jul, 2020 06:27pm

Pakistan

COVID-19 claims 20 lives, infects 498 others: CM Sindh

Syed Murad Ali Shah said that 10842 samples were tested against which 498 cases were detected that constituted five percent current detection rate.

Published 30 Jul, 2020 06:22pm

Pakistan

COVID-19 claims 203 new cases in Punjab

The Punjab health department conducted 720,788 tests for COVID-19 so far, while 82,592 confirmed cases were recovered all together in the province.

Published 30 Jul, 2020 06:20pm

World

Global coronavirus cases top 17 million

At least 17,022,877 cases have been registered as the pandemic accelerates with a million new infections detected in the last four days.

Updated 30 Jul, 2020 06:20pm

Business & Finance

Strong sales of cleaning products amid pandemic boost P&G results

Net income came in at $2.8 billion, compared to a loss of $5.2 billion in the year-ago period, which was weighed down by a large writeoff.

Published 30 Jul, 2020 05:38pm

Europe

Vietnam orders 21,000 Hanoi residents to take virus test

At the weekend, a man in the coastal city of Danang tested positive for COVID-19 -- the first community transmission the country had detected since April.

Published 30 Jul, 2020 05:34pm

Currency

Nestle sees slower growth this year as stockpiling effect wanes

The Swiss giant lowered its expectations for organic growth this year to 2-3pc, from "more than 3.5pc" previously.

Published 30 Jul, 2020 05:32pm

Stocks

Japanese shares end lower as virus worries cloud sentiment

The Nikkei 225 index ended down 0.26pc at 22,339.23, while the broader Topix lost 0.62pc to 1,539.47.

Published 30 Jul, 2020 05:30pm

Stocks

Australia shares close higher on Fed pledge, tech stocks shine

The S&P/ASX 200 index closed 0.74pc higher at 6,051.1, snapping two straight sessions of falls.

Published 30 Jul, 2020 05:28pm

Stocks

S.Korean stocks hit 6-mth high on foreign buying, Fed stimulus hopes

The index rose as much as 0.8pc in early trading to its highest intraday level since early October 2018.

Published 30 Jul, 2020 05:25pm

Commodities

Shanghai aluminium hits over 2-year high on strong China demand

London Metal Exchange's three-month copper rose 0.3pc to $1,729.50 a tonne by 0708 GMT.

Published 30 Jul, 2020 05:23pm

Europe

Russia reports more than 5,500 new coronavirus cases

Officials said 129 people had died in the last 24 hours, bringing the official death toll to 13,802.

Published 30 Jul, 2020 05:22pm

Financial

Super-long JGB yields rise in line with US Treasuries

Benchmark 10-year JGB futures fell half a point to 152.31, with a trading volume of 12,698 lots.

Published 30 Jul, 2020 05:20pm

Stocks

European shares slip as weak earnings offset Fed promise

The pan-European STOXX 600 fell 0.4pc by 0713 GMT, dragged by 1.5pc declines in banking stocks and carmakers.

Published 30 Jul, 2020 05:18pm

Financial

Bond investors focus on European data releases after Fed

Germany's GDP reading is due at 0800 GMT. A Reuters poll expected an 11.3pc decline year-on-year.

Published 30 Jul, 2020 05:16pm

Stocks

China shares end lower on profit-taking; tech, resources lead slide

The blue-chip CSI300 index ended down 0.5pc to 4,656.15 and the Shanghai Composite Index 0.2pc to 3,286.82.

Published 30 Jul, 2020 05:14pm

Forex

Dollar stops digging as investors turn to Congress for stimulus

The dollar index bounced about 0.4pc from a two-year low and the Australian dollar retreated about 0.7pc from a 15-month top touched on Wednesday.

Published 30 Jul, 2020 05:07pm

Industry

Renault handed 'wake-up call' with record 7 billion euro loss

Global automakers have been hit hard by the coronavirus pandemic, which has shuttered factories and kept many customers away from car dealerships.

Published 30 Jul, 2020 05:05pm

Asia

Daily coronavirus cases in India top 50,000 for first time

There were 52,123 new cases in the previous 24 hours, according to federal health data, taking the total number of infections to almost 1.6 million.

Published 30 Jul, 2020 05:02pm

Europe

UK coronavirus cases at best flat, health minister says

"It's true that the number of cases is at best flat whereas before it was falling, and that's because there's been more social contact," he said.

Published 30 Jul, 2020 05:00pm

Europe

Italy June unemployment rate rises to 8.8pc as 46,000 jobs are lost

The May rate was previously reported as 7.8pc and ISTAT said the health emergency was proving an obstacle to gathering data.

Published 30 Jul, 2020 04:57pm

Europe

German economy shrinks by record 10.1pc in second quarter

"This was the sharpest decline since the quarterly GDP calculations for Germany began in 1970," the statistics office said.

Published 30 Jul, 2020 04:55pm

Forex

Kenyan shilling steady on low importer demand

At 0750 GMT, commercial banks quoted the shilling at 107.60/80 per dollar, the same as Wednesday's close.

Published 30 Jul, 2020 04:54pm

Forex

Sterling rises versus weaker euro; dips back below $1.30

The dollar fell while Powell was speaking, with the pound reaching $1.30 for the first time since early March, but the dollar recouped some recent losses early on Thursday.

Published 30 Jul, 2020 04:51pm

Commodities

Asia Coffee-Vietnam prices inch higher on supply crunch, fresh virus curbs

New coffee season will start from October but fresh beans will not come in bulk until November, traders said.

Published 30 Jul, 2020 04:46pm

Technology

Easypaisa new App features redefine the Way Customers Pay Bills

The platform has introduced new features with the addition of various billers such as government payments, educational institutes’ fee payments, and credit card payments to facilitate bill payments process.

Published 30 Jul, 2020 04:46pm

Energy

UK GAS-Prices fall on higher Norwegian supply

UK gas system was 18.9 million cubic metres (mcm) oversupplied, with demand forecast at 151.2 mcm and supply at 170.1 mcm, National Grid data showed.

Published 30 Jul, 2020 04:42pm

Business & Finance

Airbus trims A350 output, quarterly loss worse than expected

Airbus said it had cut wide-body A350 production to five jets a month, after dropping it to six from 9.5 in April.

Published 30 Jul, 2020 04:38pm

Industry

Panasonic aims to boost energy density in Tesla batteries by 20pc

Panasonic introduced the "2170" lithium-ion cells, with the nickel-cobalt-aluminium (NCA) cathode chemistry, for Tesla's Model 3 in 2017.

Published 30 Jul, 2020 04:35pm

Forex

Currencies slide on virus woes, Russian rouble hits over 2-month low

The Turkish lira showed some signs of steadying after four straight days of decline even as concerns lingered over depleted reserves and local demand for dollars.

Published 30 Jul, 2020 04:25pm

Stocks

Hong Kong shares give up gains as financials, resources stocks weigh

The Hang Seng index fell 0.7pc, to 24,710.59 points, while the China Enterprises Index, which tracks Hong Kong-listed Chinese firms, lost 0.9pc, to 10,097.08 points.

Published 30 Jul, 2020 04:16pm

Exchange

‘The State of Pakistan’s Economy’: Stabilization measures provided cushion against COVID downturn

The central bank said that these measures provided a period of necessary stabilization and also made the economy relatively better equipped to respond to any external shocks than it would have otherwise been.

Published 30 Jul, 2020 04:08pm

Business & Finance

Volkswagen cuts dividend as profits evaporate in pandemic sales slump

The multi-brand car and truck maker predicted a significant decline in full-year sales, even though it said it was seeing a gradual recovery globally as lockdowns eased.

Published 30 Jul, 2020 04:14pm

Forex

Turkish lira volatile again, dips beyond 7 vs dollar

The lira slipped to as far as 7.005 against the dollar before settling at 6.997 by 0922 GMT.

Published 30 Jul, 2020 04:05pm

South Asia

Hong Kong reports 149 new coronavirus cases, a daily record

Hong Kong had reported 118 new cases on Wednesday. Since late January, more than 3,000 people have been infected in the city, 24 of whom have died.

Published 30 Jul, 2020 04:02pm

Energy

Oil prices slide as virus surge weighs on demand outlook

The most-active Brent crude contract for October fell 51 cents, or 1.2pc, to $43.58 a barrel at 0907 GMT.

Published 30 Jul, 2020 04:00pm

South Asia

China orders regular coronavirus tests at wholesale markets

The guideline come after China's capital city Beijing reported in early June a cluster of coronavirus infections that centred around a major wholesale market.

Published 30 Jul, 2020 03:58pm

Currency

Hong Kong's central bank sells HK$1.55bn as HKD strengthens to trading limit

The HKMA made the first such sale in almost three weeks during New York trading hours on Wednesday.

Published 30 Jul, 2020 03:56pm

World

Australia reports record spike in coronavirus cases, 14 deaths

The toll takes the country's total fatalities from the novel coronavirus to 190, more than half of which have occurred in Victoria, the second-most populous state.

Published 30 Jul, 2020 03:54pm

Europe

Poland reports its highest daily raise in coronavirus cases

The health ministry also said on its Twitter account that the number of documented deaths had risen by 15 to 1,709 so far.

Published 30 Jul, 2020 03:51pm

Money & Banking

Turkish central bank net reserves slip to mid-May low of $28.7bn

The exchange rate used by Reuters on Thursday was 6.8348 compared to 6.8450 a week ago.

Published 30 Jul, 2020 03:49pm

Energy

Iraq increases oil exports in July, pumps above OPEC+ target

Exports from Basra and other southern Iraq terminals to July 29 averaged 2.75 million bpd, based on figures from Refinitiv Eikon and an industry source.

Published 30 Jul, 2020 03:42pm

Industry

Volkswagen says CEO Diess enjoys full backing from supervisory board

In the wake of the clash, Diess handed responsibility for managing the core VW brand to internal veteran Ralf Brandstaetter.

Published 30 Jul, 2020 03:41pm

Commodities

Copper slips on rising virus cases, economic worries

In Europe, shares fell on dismal earnings reports and data showing Europe's biggest economy Germany had shrunk by a record 10.1pc in the second quarter.

Published 30 Jul, 2020 03:39pm

Middle East

Number of coronavirus cases in Iran passes 300,000

There were 226 deaths from the new coronavirus in the past 24 hours taking the total number of deaths from the pandemic to 16,569.

Published 30 Jul, 2020 03:37pm

Stocks

Indian shares pare early gains as stalled US aid talks hit global sentiment

The NSE Nifty 50 index slid 0.9pc to close at 11,102.15 and the benchmark S&P BSE Sensex dropped 0.88pc to 37,736.07, dragged by banking and financial stocks.

Published 30 Jul, 2020 03:29pm

Sports

Lucky to have Shaheen, Naseen in Pakistan squad: Azhar Ali

The captain admits that players were rusty at the start.

Updated 30 Jul, 2020 03:32pm

Europe

Czech coronavirus spike continues as cases top 16,000

The Health Ministry also unveiled plans to ramp up testing capacity, which Health Minister Adam Vojtech said was currently at around 17,000 daily.

Published 30 Jul, 2020 03:24pm

Pakistan welcomes Eid ceasefire announcement by Taliban, Afghan govt

It also hoped that further steps will be taken to implement the US-Taliban Peace Agreement leading to Intra-Afghan negotiations.

Published 30 Jul, 2020 03:15pm

Money & Banking

Kenya central bank has 'plenty of firepower', governor says

Njoroge said good weather had boosted production volumes and exports of key crops like tea.

Published 30 Jul, 2020 03:20pm

Industry

Pakistan sets new record in electricity generation

As per the federal minister, the record was achieved on Tuesday at around 3 pm, when Pakistan generated 23,116 MW of electricity.

Published 30 Jul, 2020 03:16pm

Pakistan

Senate Standing Committee approves the "Anti-Terrorism (Amendment) Bill, 2020"

In a meeting chaired by Chairman Committee Senator Javed Abbasi, Foreign Office officials said that both the Asia Pacific Group and the Financial Action Task Force (FATF) were monitoring Pakistan. They said that the Security Council sanctions must be implemented.

Updated 30 Jul, 2020 02:42pm

Pakistan

Pakistan receives second consignment of ventilators from US

US has provided 100 respiratory ventilators to Pakistan.

Published 30 Jul, 2020 02:23pm

Money & Banking

SBP renews status of VIS and PACRA credit rating agencies

Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for CAR calculation purposes.

Published 30 Jul, 2020 02:28pm

Sports

Juventus lose to Cagliari as Ronaldo’s Golden Boot hopes fade

The champions slumped to a shock 2-0 defeat in an away game.

Published 30 Jul, 2020 02:18pm

Sports

PCB expects England to 'do the right thing' in 2022

England last visited Pakistan in 2005 and are slated to return in 2022.

Published 30 Jul, 2020 02:07pm

Sports

England face pace dilemma after announcing unchanged squad for Pakistan Test

Joe Root's side rotated their frontline fast bowlers during the 2-1 series win over the West Indies.

Published 30 Jul, 2020 01:56pm

Sports

Haris Rauf cleared for England travel

The pacer failed to travel with the team after resulting positive for COVID-19.

Published 30 Jul, 2020 01:43pm

Commodities

Saudi Arabia may cut September crude oil prices to Asia

Slow demand recovery amid the second wave of COVID-19 infections has depressed spot prices for Middle Eastern crude this month, while Asia’s refining margins remained weak, they said.

Published 30 Jul, 2020 01:11pm

Business & Finance

As US, China tensions deepen; global manufacturers could shift to Pakistan: Report

"Both Chinese and global manufacturers may move their factories from China to Pakistan,” said Canadian research firm BCA in its latest report.

Published 30 Jul, 2020 11:39am

1,248 more patients recover from coronavirus in Pakistan

Tally has climbed to 246,131.

Published 30 Jul, 2020 11:32am

World

Hong Kong opens dining in shelters as residents struggle with restaurant ban

Authorities on Thursday opened 19 community centres for residents to eat inside.

Published 30 Jul, 2020 11:21am

Mainland China reports 105 new coronavirus cases, including 96 in Xinjiang

China also reported 21 new asymptomatic patients.

Published 30 Jul, 2020 11:19am

Life & Style

Madonna's post blocked by Instagram for spreading Covid-19 misinformation

Madonna had claimed that a proven vaccine had been available for months but it was being kept secret.

Updated 30 Jul, 2020 11:07am

Kerb

Facebook's Zuckerberg skewered with internal emails during antitrust hearing

Using the exchanges, lawmakers got Zuckerberg to acknowledge that he saw photo-sharing app Instagram and messaging app WhatsApp as competitors when Facebook acquired them.

Published 30 Jul, 2020 10:24am

Business & Finance

U.S. economy likely suffered historic plunge in second quarter; outlook murky as COVID-19 cases surge

The bulk of the historic plunge in gross domestic product expected to be reported by the Commerce Department on Thursday occurred in April when activity almost ground to an abrupt halt after restaurants, bars and factories among others were shuttered in mid-March to slow the spread of coronavirus.

Published 30 Jul, 2020 10:21am

Technology

India found cybersecurity lapses at National Payments Corp in 2019

The NPCI said in a statement to Reuters it is regularly audited in the interests of security and senior management reviews all findings, which are then “remediated to (the) satisfaction of the auditors”. This includes the findings cited by Reuters, it said.

Published 30 Jul, 2020 10:16am

Exchange

PayPal says 86% profit jump flags shift from cash payments in stores

The news lifted the stock as much as 6% in after-hours trading. The stock, seen as an e-commerce investment play, was already up 44% since PayPal last reported results on May 6.

Published 30 Jul, 2020 10:14am

Commodities

India's 2020 gold demand may hit 26-year low as prices rally: WGC

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

Published 30 Jul, 2020 10:11am

BR Research

Sugar – the comedy of errors continues

According to a FinMin press release on July 28th, the ECC has approved a proposal for import of 0.3 million tons of...

Updated 30 Jul, 2020 10:07am

BR Research

Beating Covid curiosity

In a stunning upset which perhaps many did not see coming, Pakistan has managed to bring down its number of daily...

Published 30 Jul, 2020 08:40am

BR Research

The balancing act

While India’s so-called regional isolation lately is a cause of much mirth in Pakistan, the eagle-eyed should...

Published 30 Jul, 2020 08:38am

BR Research

Fertilizer spending stagnant – sales drop

June 2020 threw a massive surprise, holding up the fiscal year urea off-take that ended at a little over 6 million...

Published 30 Jul, 2020 08:37am

Exchange

Feroze1888 Mills Limited

Feroze1888 Mills Limited (PSX: FML) was established in 1972 as a public limited company under the repealed Companies...

Published 30 Jul, 2020 08:35am

Sports

Umar Akmal's three-year ban reduced to 18 months

LAHORE: The three years ban imposed on cricketer Umar Akmal in a disciplinary case has been reduced to 18 months by...

Updated 30 Jul, 2020 04:38am

Afghans demand permanent ceasefire ahead of peace talks

KABUL: Afghans on Wednesday welcomed a three-day ceasefire but demanded it be made permanent, after the government...

Updated 30 Jul, 2020 04:36am

Sugar sector reforms: FBR asked to reconcile data with provinces, CCP

ISLAMABAD: The sugar sector reform committee has directed the Federal Board of Revenue (FBR) to reconcile sugar ...

Updated 30 Jul, 2020 04:36am

World

Coronavirus deaths top 150,000 in worst-hit US

Nations around the globe are seeing a rise in cases that are damaging economies and forcing protection measures that have disrupted all aspects of life.

Published 30 Jul, 2020 04:32am

USA

Brazil's COVID-19 death toll surpasses 90,000

It has regularly recorded more than 1,000 deaths a day since early July, and more than 30,000 new cases a day since mid-June.

Published 30 Jul, 2020 04:29am

Life & Style

Aaj TV - Thursday's schedule

KARACHI: All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...

Updated 30 Jul, 2020 04:03am

World

Zimbabwe signs US$3.5bn compensation deal with white farmers

HARARE: Zimbabwe on Wednesday signed a US$3.5 billion compensation agreement with white farmers whose land was ...