News Archives for Latest - 2020-08-04

Perspectives

A Pakistani's visit to Indian Illegally Occupied Jammu & Kashmir

It was on a hot summer day when my dad who had just returned from office broached the subject of visiting Srinagar....

Updated 06 Aug, 2020 11:04am

Forex

C$ strengthens as commodity investors bet on US stimulus

Canadian dollar rises 0.3% against greenback.
Price of US oil settles up 1.7%.
Loonie touches strongest level in five days at 1.3342.
Canadian bond yields ease across much of a flatter curve.

Updated 05 Aug, 2020 12:36am

Videos: Huge explosion in port area shakes Beirut

Eyewitnesses say the blast occurred in the vicinity containing warehouses where firecrackers were stored

Updated 05 Aug, 2020 12:29am

Energy

Brent on track for a five-month high on US stimulus hopes

US politicians make progress on coronavirus aid bill.
New US coronavirus cases fall to lowest since early July.
Renewed lockdowns and higher oil supply weigh on prices.
Investors focus on fuel demand recovery.

Published 04 Aug, 2020 11:49pm

Money & Banking

KKR beats estimates with flat Q2 earnings

KKR said after-tax distributable earnings (DE) of $326 million were in line with the $327 million posted a year earlier.
KKR's private equity funds rose 11% in the second quarter, while global infrastructure and real estate funds rose 7% and 2% respectively. Its leverage credit funds rose 11%.

Published 04 Aug, 2020 11:46pm

Commodities

Gold charges toward $2,000, stocks climb on stimulus hopes

Oil prices also rose on the prospect of a new package but Treasury yields slid to their lowest since March on safe-haven demand.
Spot gold prices rose $18.5543, or 0.94%, to $1,995.25 an ounce. Earlier, spot gold was bid at $2,000.11 an ounce.

Published 04 Aug, 2020 11:41pm

Money & Banking

Intesa CEO rules out interest in eastern European assets

Intesa overcame regulatory hurdles and shareholder and management opposition to finally secure control of UBI last week in a deal.
"We've overtaken Santander in terms of terms of market capitalisation ... that's something we're proud of," he said.

Published 04 Aug, 2020 11:35pm

Commodities

Euronext wheat at one-month low as Russian harvest weighs

Front-month September milling wheat on Paris-based Euronext, settled down 0.50 euro, or 0.3%, at 179.75 euros ($211.55) a tonne.
The more active December contract also struck a one-month low at 179.50 euros, before settling 0.3% lower at 180.25 euros.

Published 04 Aug, 2020 11:30pm

Companies

New Ford CEO Farley eyes expansion into tech fields

These are new growth initiatives that could create a lot of value for the company.
Hackett and Farley will work together during a two-month transition period, and Hackett, 65, will continue as a company advisor through March 2021.

Published 04 Aug, 2020 11:25pm

Commodities

Peru copper and gold output nosedive in first half of 2020, ravaged by coronavirus

The world's No. 2 copper producer said production of the red metal plunged 20.4% in the first half of 2020 versus the same period in 2019.
Gold production also fell 34.7% in the first six months of the year, while zinc output dropped off 23.7%, the country's Energy and Mines ministry said in a statement.

Published 04 Aug, 2020 11:23pm

World

Lebanese Red cross chief says hundreds injured treated, many still trapped in area of blast

There was no exact figure of how many were injured as many were still trapped in homes and within the area of the blast.
Lebanese broadcaster LBCI quoted Hotel Dieu Hospital in Beirut as saying that was treating more than 500 injuries.

Published 04 Aug, 2020 11:20pm

World

NIH to launch trials to test antibody drugs for COVID-19

NIH would start with testing Eli Lilly and Co's experimental COVID-19 antibody treatment in a mid-stage, ACTIV-2, and a late-stage study, ACTIV-3.
Lilly's LY-CoV555, which is being developed in partnership with Canadian biotech AbCellera, is already being studied as a COVID-19 treatment in patients.

Published 04 Aug, 2020 11:18pm

Europe

Turkey's COVID cases back over 1,000 for first time in 3 weeks

The 1,083 new COVID-19 cases reflects a "severe" rise in recent days that raises concerns as Turkey wrapped up a four-day holiday weekend.
The virus has killed 5,765 and infected 234,934 in total in the country.

Published 04 Aug, 2020 11:16pm

US State Dept says stands ready to offer assistance after Beirut blast

As a massive blast ripped through the Lebanese capital on Tuesday, killing at least 10 people and injuring hundreds.
the spokesperson said and added that the agency is working closely with local authorities to determine.

Published 04 Aug, 2020 11:11pm

Exchange

Argentina strikes $65bn debt deal to break deadlock

Buenos Aires fell into 9th sovereign default in May.
Economy Ministry says deal reached with creditor groups.
Bond payment dates adjusted, Argentina's statement says.
Argentina's eurobonds rally, one investor welcomes 'clean sheet'.

Published 04 Aug, 2020 11:06pm

USA

Top Senate Democrat says COVID-19 relief talks 'moving in the right direction'

After a week of almost daily negotiations, Senate Democratic leader Chuck Schumer said that he, House Speaker Nancy Pelosi.
We remain far apart on a number of issues. But we're finally moving in the right direction," Schumer said on the Senate floor.

Published 04 Aug, 2020 10:54pm

Massive blast in Beirut kills at least 10 people and injures hundreds

The most powerful explosion to hit Beirut in years shook the ground, leaving some residents thinking an earthquake had struck.
The blast occurred in the city's port area, where there were warehouses housing explosives.
At least 10 bodies were taken to hospitals, a security source and a medical source told.

Published 04 Aug, 2020 10:47pm

Pakistan

KP Assembly pays tribute to police martyrs, offers fateha

He said the sovereignty of the country was a prime national interest which the police force protected with bravery.

Published 04 Aug, 2020 09:45pm

Stocks

US stocks edge higher as markets eye stimulus talks

Tensions over TikTok are the latest matter to exacerbate relations between the two economic superpowers.

Published 04 Aug, 2020 09:08pm

Business & Finance

Ford announces new CEO as it eyes bigger electric push

Hackett joined Ford in 2017 from furniture company Steelcase and was known for his skills in turning around struggling organizations.

Published 04 Aug, 2020 09:06pm

World

Pompeo vows to protect Hong Kong activists sought abroad

One of them, Samuel Chu, head of the Washington-based Hong Kong Democracy Council, wrote on Twitter that he has been a US citizen for 25 years.

Published 04 Aug, 2020 09:05pm

Pakistan

CM vows for utilizing all resources to face rain emergency

Sindh Chief Minister was informed that Hyderabad division spread over 76434 square kilometers area which had been affected during rains.

Updated 04 Aug, 2020 09:05pm

Middle East

Strong explosion rocks Beirut: AFP correspondent

The loud blast in Beirut's port area was felt across large parts of the city.

Published 04 Aug, 2020 09:00pm

Cotton

Razak reviews recent trade statistics, devises plans for improving exports

He expressed these views while chairing an internal strategy meeting here at Ministry of Commerce.

Published 04 Aug, 2020 08:37pm

Pakistan

IHC seeks report in Marghazar zoo animals death case till August 11

The chief justice remarked that Wildlife Management Board and other concerned were responsible for animals' death.

Published 04 Aug, 2020 08:31pm

Pakistan

Nasir Shah handed over cheaque of Rs5 million to Sukkur Press Club

He said Peoples’ Media Support Program (PMSP) was launched by the Sindh Information Department to help the owners of the media groups for paying salaries of their employees.

Published 04 Aug, 2020 08:27pm

Pakistan

Sindh Governor invited to attend Independence Kashmir Grand Rally

The meeting condemned the Military Siege and illegal actions by Indian forces in Indian Illegally Occupied Jammu and Kashmir for a year.

Published 04 Aug, 2020 08:24pm

Pakistan

Sindh Minister welcomes steps taken by NDMA for Karachi

He said that the Sindh government will not only offer its unconditional support but will also play the role of every first force.

Published 04 Aug, 2020 08:22pm

Pakistan

CM orders action against price-hike, hoarding

He directed the district price control committees to keep vigilance of the essential items' rates, saying that a the hoarders should be taken to task.

Published 04 Aug, 2020 08:16pm

Pakistan

CM for taking prior arrangement to combat urban flooding

He maintained that local governments and WASAs should take advance steps to deal with the rain-spell and provision of resources be accelerated.

Published 04 Aug, 2020 08:15pm

Pakistan

World must impose sanctions on India for its crimes against humanity: Gandapur

International media was continuously exposing Indian atrocities and human right violations in IIOJK, he added.

Published 04 Aug, 2020 08:13pm

Pakistan

Police martyrs pride of nation: Shibli

The nation saluted the heroes who were fighting against criminals and anti-social elements, he added.

Updated 04 Aug, 2020 08:13pm

Jammu Kashmir made part of Pakistan's territory in new political map: PM Imran

Prime minister says the newly-launched map is backed by all political parties of the country

Updated 04 Aug, 2020 07:51pm

Sports

Azhar Ali in high spirit ahead of first England Test

The first five-day game will start from Wednesday in Manchester.

Published 04 Aug, 2020 07:43pm

Pakistan

Pakistan’s exports to Afghanistan decrease 25.46pc during FY 2019-20

The overall imports into the country witnessed decrease of 18.22 percent, from $ 51,869 billion to $ 42,418 billion, according to the data.

Published 04 Aug, 2020 06:42pm

Exchange

Bilawal pays tributes to martyrs of Police for protecting fellow citizens

He said that law enforcement agencies including the Police have rendered great sacrifices for protecting lives and properties of the citizens and entire nation salutes as well as honours all our martyrs.

Published 04 Aug, 2020 06:40pm

Pakistan

Fakhar Imam for UNSC emergency session over Kashmir issue

He questioned the international community's silence over the worst brutalities being perpetrated by India on innocent Kashmiris for several decades.

Published 04 Aug, 2020 06:38pm

Pakistan

Citizens appreciate PM Imran Khan for involving NDMA in much needed interventions

"This definitely needs coordination at every level," he said and hoped that better sense would prevail in the interest of citizens.

Published 04 Aug, 2020 06:35pm

Pakistan

Financial close of Thar Block-2 power plant in September end: Bajwa

The project to be executed by Thal Nova and HUBCO was launched recently with an Investment $ 500 million.

Published 04 Aug, 2020 06:33pm

Pakistan

Gold price increase Rs400 to Rs123,900 per tola

The gold prices in the international market remained stable at $1975 on Tuesday, the association reported.

Published 04 Aug, 2020 06:31pm

Pakistan

Political, military leadership united on Kashmir issue: FM

He was chairing the All Parties Conference on the Kashmir situation, here at the Ministry of Foreign Affairs.

Published 04 Aug, 2020 06:29pm

Pakistan

Karachi nullahs cleaning continue; 4,364 tons sledge removed: NDMA

According to spokesman National Disaster Management Authority (NDMA), the cleaning operation was started on Monday.

Published 04 Aug, 2020 06:27pm

Pakistan

Youm-e-Istehsal: President to address special senate session on Wednesday

Parliamentary leaders will take part in the debate on Kashmir and a resolution will also be passed at the conclusion of the debate.

Published 04 Aug, 2020 06:25pm

Pakistan

Chief Minister presides over rain emergency meeting

The Chief Minister listened to the proposals of elected representatives politely regarding monsoon rains.

Published 04 Aug, 2020 06:22pm

Exchange

Entire country united on Kashmir issue: Qureshi

Shah Mehmood also thanked opposition parties for participating in negotiations with government on Kashmir issue and appreciated their positive inputs.

Published 04 Aug, 2020 06:20pm

Africa

Zimbabwean leader warns will 'flush' out opponents

"The bad apples who have attempted to divide our people and to weaken our systems will be flushed out," he warned in a nationwide address.

Published 04 Aug, 2020 06:19pm

World

UK urges firms to stockpile medicines before Brexit

"We recognise that global supply chains are under significant pressure, exacerbated by recent events with COVID-19," the ministry's chief commercial officer, Steve Oldfield, wrote.

Published 04 Aug, 2020 06:15pm

Business & Finance

Bayer posts 9.5bn euro loss on glyphosate settlement

The heavy loss compared with a profit of 404 million euros ($475 million) in the same quarter of the previous year.

Published 04 Aug, 2020 06:12pm

Europe

France risks losing control of coronavirus: science council

"The balance is fragile and we can change course at any time to a less controlled scenario like in Spain for example," it said.

Published 04 Aug, 2020 06:10pm

Europe

Greece PM announces minor cabinet reshuffle

Greece stands to receive 32 billion euros from the 750-billion-euro ($884-billion) recovery package agreed by EU leaders last month.

Published 04 Aug, 2020 06:08pm

Money & Banking

France suspends Morgan Stanley as bond dealer

As a recognised official trader, Morgan Stanley was allowed to take part in sales of French government debt managed by the state agency AFT, which imposed the sanction.

Published 04 Aug, 2020 06:06pm

World

Trump avoids praising deceased civil rights hero John Lewis

"How do you think history will remember John Lewis?" Jonathan Swan of the Axios media outlet asked Trump in the interview aired on Monday.

Published 04 Aug, 2020 06:04pm

Business & Finance

Drinks giant Diageo posts hefty drop in annual profits

That compared with net profit of £3.16 billion one year earlier.

Published 04 Aug, 2020 06:02pm

Exchange

US agency refuses to run adverts for extremist Hindu groups in New York's Times Square

The move by Muslim groups aims to promote the cause of Babri Masjid, which was destroyed by Hindu hard-liners in December 1992

Updated 04 Aug, 2020 05:37pm

USA

Isaias lashes US east coast with fierce winds, heavy rain

Seawater flowed into streets on the border between the Carolinas, leaving locals to wade through the flooded areas as rain and strong winds whipped the palm trees.

Published 04 Aug, 2020 04:52pm

Business & Finance

Pizza Express to cut 1,100 jobs as virus impact bites

The chain, which has 600 restaurants globally including 449 in the UK, said it was putting itself up for sale as part of a restructuring plan to deal with the fallout from the pandemic.

Published 04 Aug, 2020 04:48pm

Money & Banking

Australia central bank sees bumpy road to recovery as virus shuts down Victoria

The Reserve Bank of Australia (RBA) said its emergency stimulus was 'working as expected' while leaving its cash rate at 0.25pc in a widely expected decision.

Published 04 Aug, 2020 04:47pm

Europe

Spain's scandal-hit former king flees 'to Dominican Republic'

The 82-year-old revealed on Monday that he had taken the decision to leave Spain to help his son, the current King Felipe VI, "exercise his responsibilities".

Published 04 Aug, 2020 04:44pm

Commodities

Palm oil futures track Dalian palm, soyoil higher

Palm rose as much as 3.2pc in the previous session after cargo surveyors reported that July exports rose 5.8pc-6.8pc on-month.

Published 04 Aug, 2020 04:41pm

Sports

Spain legend Iker Casillas announces retirement from Football

The goalkeeper won three major trophies with Spain including World Cup 2010.

Updated 04 Aug, 2020 04:46pm

Asia

India's Modi to lay Hindu temple foundations at flashpoint holy site

But it will still be a grand affair beamed onto large screens around India and even on the huge displays at Times Square in New York, reports said.

Published 04 Aug, 2020 04:40pm

Financial

JGBs gain after solid 10-year debt auction

The 20-year JGB yield edged down half a basis point to 0.390pc.

Published 04 Aug, 2020 04:39pm

Middle East

Egypt invites Musk after 'aliens built pyramids' tweet

"Aliens built the pyramids obv," Musk had tweeted, picking up on a theme popular with conspiracy theorists and kicking off a predictable flood of replies ranging from light-hearted to furious.

Published 04 Aug, 2020 04:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below.

Published 04 Aug, 2020 04:36pm

Business & Finance

Oil giant BP plunges into $16.8-bn quarterly loss

The company responded by cutting its dividend for the first time since the Deepwater Horizon oil rig disaster in 2010 that damaged BP's finances and reputation.

Published 04 Aug, 2020 04:35pm

Stocks

Australia shares rise most in two weeks on Wall Street rally

The S&P/ASX 200 index closed 1.88pc higher at 6,037.6, with technology, energy and financials stocks leading the charge.

Published 04 Aug, 2020 04:33pm

UN chief warns world facing 'generational catastrophe' on education

Guterres says as of mid-July schools were closed in some 160 countries, affecting more than one billion students

Published 04 Aug, 2020 04:30pm

Commodities

CBOT wheat may fall to $5.09-1/2

The support is identified as the 76.4pc projection level of a downward wave c from $5.44.

Published 04 Aug, 2020 04:29pm

Currency

Turkish annual July inflation dips below 12pc, lira firms

The currency weakened last week to 7 on lingering worries over depleted FX reserves and costly state interventions to steady the currency.

Published 04 Aug, 2020 04:27pm

Commodities

Thailand tenders to buy feed wheat and barley, traders say

The wheat is being sought by Thailand's association of feed mills (TFMA) in three consignments for 2020 shipment.

Published 04 Aug, 2020 04:25pm

Stocks

S.Korean stocks at near 2-yr high on US data, stimulus breakthrough

The benchmark KOSPI closed up 28.93 points, or 1.29pc, at 2,279.97 - its highest close since Oct. 2, 2018.

Published 04 Aug, 2020 04:22pm

Europe

Spain's July jobless falls by 2.33pc m/m to 3.77mn

The number of jobless people had risen in June by 0.13pc with the nationwide lockdown coming to an end.

Published 04 Aug, 2020 04:17pm

Business & Finance

NSS profit rates increase marginally

Whereas, the rate of return on Defense Savings Certificates increased by 34 basis points and the rate of return was increased from 8.11pc to 8.45pc.

Published 04 Aug, 2020 04:05pm

Pakistan

SC directs govt to submit reply on inquiry report on APS attack in four weeks

The SC said they will not leave those responsible for the carnage.

Published 04 Aug, 2020 03:59pm

Industry

Hungary's June industrial PPI picks up to 3.1pc y/y

In the January-June period, industrial producer prices were 3.4pc higher than a year earlier.

Published 04 Aug, 2020 04:14pm

Commodities

NY coffee may fall into $1.1375-$1.1475 range

The resistance is identified as the 238.2pc projection level of an upward wave c from $0.9630.

Published 04 Aug, 2020 04:13pm

Energy

Oil slips as rise in coronavirus cases overshadows fuel demand recovery

US West Texas Intermediate (WTI) crude futures eased 4 cents, or 0.1pc to $40.97 a barrel at 0655 GMT, while Brent crude futures fell 11 cents, or 0.3pc to $44.04 a barrel.

Published 04 Aug, 2020 04:10pm

Stocks

Nikkei ends at one-week high on Wall Street rally, weaker yen

The benchmark Nikkei average gained 1.7pc to 22,573.66, its highest close since July 28, while the broader Topix jumped 2.14pc to 1,555.26.

Published 04 Aug, 2020 04:04pm

Life & Style

Amitabh Bachchan recovers from coronavirus

The superstar was discharged from hospital on Sunday.

Published 04 Aug, 2020 04:01pm

Commodities

London copper eases as investors eye next cue

Three-month copper on the London Metal Exchange fell 0.5pc to $6,456 a tonne by 0705 GMT.

Published 04 Aug, 2020 04:01pm

Forex

South Africa's rand steadies as investors seek fresh recovery signals

Bonds were firmer, with the yield on benchmark 2030, government paper down 6.5 basis points at 9.215pc.

Published 04 Aug, 2020 03:59pm

Life & Style

Junaid Khan to launch a motivational YouTube series

Junaid has already been dabbling in YouTube the past few months

Updated 04 Aug, 2020 04:00pm

Stocks

Asia shares supported by upbeat US manufacturing, but virus woes cap gains

Euro Stoxx 50 futures were up 0.49pc, German DAX futures rose 0.53pc, while FTSE futures were up 0.13pc.

Published 04 Aug, 2020 03:56pm

Sports

Pakistan name 16-member squad for first Test

The five-day game will be played in Manchester from August 5.

Updated 04 Aug, 2020 03:58pm

Europe

Russia reports more than 5,100 new coronavirus cases

The country's coronavirus crisis response centre said 144 people had died in the past 24 hours, bringing the official death toll to 14,351.

Published 04 Aug, 2020 03:54pm

Stocks

China stocks end higher as banks rally

The blue-chip CSI300 index rose 0.1pc, to 4,775.80, while the Shanghai Composite Index also inched up 0.1pc to 3,371.69.

Published 04 Aug, 2020 03:51pm

Business & Finance

Sony posts milder-than-expected Q1 operating profit fall on gaming demand

The gaming business "saw a positive impact from consumers nesting during the virus outbreak," Financial Officer Hiroki Totoki said at an earnings briefing.

Published 04 Aug, 2020 03:47pm

Financial

German bond yields hold near two-month lows

Focus remains on deadlocked stimulus negotiations in the US which will continue on Tuesday, Danske Bank analysts told clients.

Published 04 Aug, 2020 03:41pm

India's August 5 move has turned Jammu Kashmir into jail, says PM

Imran says India is in grip of Hindutva and RSS perception which is threatening peace and stability in the region

Published 04 Aug, 2020 03:34pm

Financial

Indonesia raises 11 trln rupiah from Islamic bonds auction, above target

The weighted average yields for the sukuk were lower than comparable notes sold at the previous auction on July 21.

Published 04 Aug, 2020 03:39pm

South Asia

Heavy rains in S.Korea displace more than 1,000 people, 13 dead

"I call for preventive checks and proactive precautionary measures to the level that could be deemed excessive," Moon told an emergency meeting.

Published 04 Aug, 2020 03:39pm

Forex

Russian rouble falls towards three-month lows

The rouble shed 0.5pc to 73.49 against the dollar as of 0752 GMT, heading towards a three-month low of 74.68 it hit the day before.

Published 04 Aug, 2020 03:32pm

Industry

EasyJet adds flights as summer bookings rise

Its shares, which have lost more than 60pc of their value since the start of the year, jumped 8pc to 547 pence.

Published 04 Aug, 2020 03:30pm

Stocks

London stocks hit by weak Diageo, Babcock earnings

The blue-chip FTSE 100 was down 0.3pc after bouncing on Monday as data from around the world pointed at a sharp jump in factory activity.

Published 04 Aug, 2020 03:25pm

Forex

Turkish lira leads EMEA FX gains as July factory data improves

The lira rose as much as 0.7pc to the dollar after data showed July manufacturing activity grew at its fastest rate in nine years.

Published 04 Aug, 2020 03:23pm

COAS visits Corps Headquarters Lahore, discusses regional situation

Bajwa had an interactive session on wide-ranging issues including professional matters and the security situation in region

Updated 04 Aug, 2020 03:24pm

Financial

Size of ECB bond buys depend on inflation outlook, Lane says

"The overall envelope of PEPP (Pandemic Emergency Purchase Programme) purchases is a core determinant of the ECB's overall monetary stance," Lane said in a blog post.

Published 04 Aug, 2020 03:22pm

South Asia

Hong Kong reports 80 new coronavirus cases, mostly local transmissions

Since late January, Hong Kong has reported more than 3,600 infections and 40 related deaths.

Published 04 Aug, 2020 03:21pm

Stocks

Hong Kong shares rebound as tech stocks shine

At the close of trade, the Hang Seng index was up 488.50 points or 2pc at 24,946.63.

Published 04 Aug, 2020 03:19pm

South Asia

Philippines reports 6,352 coronavirus cases, Southeast Asia's biggest daily jump

The ministry said total confirmed cases had increased to 112,593, while deaths rose by 11 to 2,115.

Published 04 Aug, 2020 03:17pm

Stocks

Gloomy earnings hit European stocks, BP jumps

German drugs and pesticides group Bayer also fell 3.6pc as moves to settle lawsuits over its Roundup weedkiller helped drive a 9.5 billion euro ($11.2 billion) loss.

Published 04 Aug, 2020 03:09pm

Forex

Sterling benefits from dollar weakness but hurdles loom

"That downward pressure on the dollar is resuming partly because of the (Federal Reserve Bank's) response to the coronavirus."

Published 04 Aug, 2020 03:08pm

Asia

Indonesia reports 1,922 new coronavirus cases, 86 deaths

The data also showed there were 86 additional deaths, taking the overall number of fatalities to 5,388.

Published 04 Aug, 2020 03:07pm

Forex

Dollar slips after political wrangling slows rally

The euro - which gained 5pc at the dollar's expense in July - inched up on the day, last up 0.2pc at $1.17875.

Published 04 Aug, 2020 03:05pm

Commodities

Japan seeks 130,295 tonnes of food wheat via tender

Japan, the world's sixth-largest wheat importer, keeps a tight grip on imports of the country's second-most important staple after rice and buys the majority of it for milling via tenders.

Published 04 Aug, 2020 03:02pm

Currency

Hong Kong's central bank sells HK$1.163bn as HKD firms to trading limit

The HKMA has been conducting sales in recent sessions to keep it within the band.

Published 04 Aug, 2020 02:59pm

Europe

Second COVID wave 'highly likely' to hit France this year, scientists say

France has reported 3,376 new confirmed COVID-19 cases over the last three days and the number of people being treated in ICUs for the disease has started to creep higher.

Published 04 Aug, 2020 02:58pm

Pakistan

Police Martyrs Day: DG ISPR pays tribute to cops for their sacrifices

Iftikhar says policemen are the first responders to every cry for help and answered every call with purpose and pride

Updated 04 Aug, 2020 02:59pm

Europe

Poland reports record increases in COVID cases as coal mines hit

Poland now has a total of 48,149 recorded coronavirus cases and 1,738 deaths.

Published 04 Aug, 2020 02:56pm

Europe

France says it will not ratify extradition treaty with Hong Kong

New Zealand, Canada, Britain, Australia and Germany have already suspended extradition treaties with Hong Kong since the security law was introduced in June.

Published 04 Aug, 2020 02:38pm

Business & Finance

Opening up of tourism, restaurant industry, NCC to take final decision

“Started consultations at NCOC with provinces on review and possible revision of sectors (subject to SOPs) on Negative List of opening up,” said Azhar in a tweet post.

Published 04 Aug, 2020 02:28pm

Sports

Pakistan, England eye progress in ICC Test rankings

Babar eyes top spot in the Test batsmen rankings.

Updated 04 Aug, 2020 01:59pm

Sports

Cricket stars throw their weight behind Azhar Ali’s team

The former cricketer said that Pakistan’s limited-overs captain can prove his mettle against the pace duo of James Anderson and Stuart Broad.

Published 04 Aug, 2020 01:30pm

Sports

Infantino to 'respect' any ethics committee decision – FIFA

A Swiss special prosecutor has launched proceedings against the Italian.

Published 04 Aug, 2020 01:16pm

Business & Finance

Federal Cabinet to approve Sima Kamil as Deputy Governor SBP

As per reports, the federal cabinet meeting being held today ( Tuesday) will approve the appointment of Kamil.

Published 04 Aug, 2020 12:56pm

India imposes curfew in several areas of IoK ahead of revocation anniversary

Police went to people's homes warning them to stay indoors.

Updated 04 Aug, 2020 12:35pm

Business & Finance

Despite COVID Pakistan exports post 5.8pc growth in July, as imports decline

“This is a great achievement considering that for the last four months, since March 2020, we witnessed a decline in exports,” said Advisor to Prime Minister on Trade, Abdul Razzak Dawood.

Published 04 Aug, 2020 12:22pm

Pakistan

Chaman border open for pedestrian travel

According to security sources, the Pak-Afghan border has been reopened for a day in the spirit of goodwill. The border will be open from 8 am to 5 pm.

Published 04 Aug, 2020 12:00pm

Pakistan's death toll nears 6000 after 15 new deaths

The country also reported 432 new cases.

Published 04 Aug, 2020 11:12am

Companies

PIA sacks 63 employees, including five captains

The national carrier’s Human Resources Division released a list of actions taken against 63 employees.

Published 04 Aug, 2020 11:11am

Technology

FTC probes Twitter over ad targeting practices

In a regulatory filing, Twitter said it received a draft FTC complaint alleging violations between 2013 and 2019.

Published 04 Aug, 2020 10:39am

Technology

China will not accept U.S. 'theft' of TikTok: China Daily

The United States’ “bullying” of Chinese tech companies was a consequence of Washington’s zero-sum vision of “American first” and left China no choice but “submission or mortal combat in the tech realm”, the state-backed paper said in an editorial.

Published 04 Aug, 2020 10:36am

Business & Finance

Malaysia says has not dropped legal proceedings against Abu Dhabi's IPIC

The Malaysian government also remains open to considering all forms of resolution between the two parties, Attorney General Idrus Harun said in a statement, adding that talks are ongoing between the two.

Published 04 Aug, 2020 10:35am

Forex

Dollar falters as investors await U.S. stimulus deal

The U.S. dollar had its worst month in a decade in July but began August with a bounce, pushing as high as $1.1695 per euro on Monday, 1.8% above last week’s two-year low.

Published 04 Aug, 2020 10:32am

Technology

Facebook leases workspace at landmark New York building

Facebook agreed to lease 730,000 square feet at Farley, a building that occupies a double-wide block facing Ninth Avenue across the street from Madison Square Garden, the two companies said in a statement.

Published 04 Aug, 2020 10:30am

Business & Finance

China only fulfils 5% of Sino-U.S. energy trade deal in first half of 2020

China’s imports of crude oil, liquefied natural gas (LNG), metallurgical coal and other energy products totalled around $1.29 billion this year through June, according to Reuters calculations based on China customs data.

Published 04 Aug, 2020 10:27am

Currency

Widening urban-rural inflation gap

The headline inflation stood at 9.3 percent in Jul-20. The monthly index is up by 2.5 percent. This is the highest...

Published 04 Aug, 2020 08:18am

BR Research

2021: Will sugar supply be balanced?

With national average retail sugar prices closing in on Rs 90 per kg – a first in almost a decade – the...

Published 04 Aug, 2020 08:17am

BR Research

The challenge around petroleum price

The benchmark Arab Light crude oil went up by 5.7 percent month-on-month in the reference period for Aug-20. The...

Published 04 Aug, 2020 08:16am

BR Research

Pakistan’s falling productivity

That Pakistan’s economic growth has been driven mainly by factor accumulation rather than labour productivity over...

Published 04 Aug, 2020 08:15am

Cotton

Allawasaya Textile and Finishing Mills Limited

Allaswasaya Textile and Finishing Mills Limited (PSX: AWTX) was established in 1958 as a private limited company;...

Published 04 Aug, 2020 08:11am

Exchange

LCCI-BCCI sign MoU

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Bahawalpur Chamber of Commerce and Industry (BCCI)...

Updated 04 Aug, 2020 03:31am

Cotton

'Disappointing' economic performance will be shared with Cabinet

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives is all set to share "disappointing" ...

Updated 04 Aug, 2020 03:30am

Chinese artificial intelligence company files $1.4bn lawsuit against Apple

SHANGHAI: Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also...

Updated 04 Aug, 2020 03:29am

Trump gives Microsoft 45 days to clinch TikTok deal

NEW YORK/WASHINGTON: President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of...

Updated 04 Aug, 2020 03:28am

Exchange

Minister for dealing with external debt with great care

ISLAMABAD: Minister for Economic Affairs, Khusro Bakhtyar has cautioned the government that carelessness in dealing...

Updated 04 Aug, 2020 03:28am

Article 149 of Constitution: Sindh CM rejects speculation

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that some "politically immature" people are talking about...

Updated 04 Aug, 2020 03:27am

Enemy's design: COAS vows to thwart any covert or overt undertakings

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Saturday said that Pakistan was aware of the...

Updated 04 Aug, 2020 03:27am

Sindh govt accused of raising wheat flour prices

ISLAMABAD: Federal Minister for Information and Broadcasting Senator Shibli Faraz on Monday said the Sindh ...

Updated 04 Aug, 2020 03:26am

Exchange

Baseline remittances: Pakistan can see 26.8pc decline: ADB

ISLAMABAD: Pakistan could see a decline of 26.8 percent from baseline remittances under the worst-case scenario, ...

Updated 04 Aug, 2020 03:26am

Pakistan

Government unveils postage stamp on Youm-e-Istehsal

ISLAMABAD: The government has unveiled a special postage stamp in connection with Youm-e-Istehsal highlighting the...

Updated 04 Aug, 2020 03:24am

Pakistan

Federal, Punjab, KP govts observe August 3rd as working day

ISLAMABAD: Monday (August 3) was a working day in the federal government and two provincial governments of Punjab ...

Updated 04 Aug, 2020 03:22am

Pakistan

New Covid-19 cases continue to decline in capital

ISLAMABAD: The new positive cases of the Covid-19 in the capital city have continued to decline in the past two ...

Updated 04 Aug, 2020 03:21am

Pakistan

Qureshi reassures diplomatic, moral support to IoJK people

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has reassured Pakistan's continued diplomatic, moral and political...

Updated 04 Aug, 2020 03:20am

Pakistan

Ufone Master Classes: Over 7,000 students benefitted from programme

ISLAMABAD: Pakistani telecom operator, Ufone's "Future Proof Your Career with Ufone Master Classes" Program came to...

Updated 04 Aug, 2020 03:20am

Pakistan

AJ&K president for internationalising Kashmir issue

ISLAMABAD: The Azad Jammu and Kashmir (AJ&K) President, Sardar Masood Khan, has emphasised the need for...

Updated 04 Aug, 2020 03:18am

Pakistan

Eidul Azha celebrated with religious fervour across KP

PESHAWAR: Eid-ul-Azha was celebrated with religious fervor across Khyber Pakhtunkhwa on Saturday to commemorate the...

Updated 04 Aug, 2020 03:18am

Pakistan

Opposition not in a position to launch anti-govt movement: Rashid

ISLAMABAD: Minister for Railways Sheikh Rashid Ahmed has said that the opposition is not in a position to launch any...

Updated 04 Aug, 2020 03:18am

Pakistan

Nationwide coronavirus infections reach 280,282

ISLAMABAD: The nationwide coronavirus infections have reached 280,282 with 5,992 deaths, 1,038 people in critical...

Updated 04 Aug, 2020 03:17am

Pakistan

Heavy rain, thunderstorm expected in Sindh, Balochistan

KARACHI: The Met Office on Monday forecast rains for Sindh and eastern parts of Balochistan from Thursday to...

Updated 04 Aug, 2020 03:17am

World

China suspends HK extradition treaty with New Zealand

BEIJING: China suspended Hong Kong's extradition treaty with New Zealand on Monday amid a row with Western nations...

Updated 04 Aug, 2020 03:15am

World

France halts ratification of extradition treaty with Hong Kong

PARIS: France on Monday said it was halting ratification of an extradition treaty with Hong Kong after Beijing...

Updated 04 Aug, 2020 03:14am

World

Nobel Peace Prize winner John Hume dies

LONDON: John Hume, the Northern Irish politician who won the Nobel Peace Prize in 1998 for his pivotal role in ...

Updated 04 Aug, 2020 03:13am

World

Sanofi charged with manslaughter in birth defects case

PARIS: French prosecutors have indicted pharma giant Sanofi for manslaughter over birth defects linked to an ...

Updated 04 Aug, 2020 03:12am

Industry

SMEDA increases research, development activities

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has increased research and development...

Updated 04 Aug, 2020 03:11am

Industry

HSBC profit slumps

HONG KONG: HSBC on Monday reported a 69-percent slump in net profit, joining a number of major banks whose earnings...

Updated 04 Aug, 2020 03:10am

Industry

Minister apprised of economic constraints of artistes

LAHORE: Provincial Industries & Trade Minister Mian Aslam Iqbal met with a delegation of Punjab artists,...

Updated 04 Aug, 2020 03:10am

Taxes

FBR suspends 41 customs officials for three months

KARACHI: Federal Board of Revenue (FBR) has suspended 41 customs officials for three months after having evidence of...

Updated 04 Aug, 2020 03:09am

Exchange

Securities, futures advisers: Individuals not listed on ATL cannot get registration: SECP

ISLAMABAD: The individuals whose names are not appearing on the Active Taxpayer List (ATL) of the Federal Board of...

Updated 04 Aug, 2020 03:09am

Business & Finance

Strain on global manufacturing eases as eurozone returns to growth

LONDON/TOKYO: Eurozone manufacturing activity expanded modestly last month, its first growth since early 2019, and...

Updated 04 Aug, 2020 03:08am

Business & Finance

ADB sees pandemic slashing 2020 global remittances by over $100bn

MANILA: Remittances across the world could decline by $108.6 billion this year as job losses mount and employers ...

Updated 04 Aug, 2020 03:08am

Business & Finance

FPCCI body discusses proposed FTA with GCC

KARACHI: FPCCI's Pakistan-Saudi Arabia Business Council 2020 held its first meeting under the chairmanship of Sardar...

Updated 04 Aug, 2020 03:07am

Business & Finance

PBIF chief calls for empowering SBP

KARACHI: Pakistan Businessmen and Intellectuals Forum President Mian Zahid Hussain has said that the government...