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Archive - 2020-09-07
ECB slows bond purchases further in August lull
Money & Banking

ECB slows bond purchases further in August lull

  • The ECB, which will update its policy stance on Thursday, bought 78.6 billion euros ($92.95 billion) worth of bonds last month across its different schemes, a 26% drop from July.
  • Schnabel said she saw no reason for the ECB to add to its stimulus measures at present.
Published
Messi back training with Barca after ending departure saga
Sports

Messi back training with Barca after ending departure saga

  • The club's all-time top scorer finally appeared at the Joan Gamper training ground ahead of an evening session.
  • The Argentine claimed in an official letter that he was free to leave the club unilaterally and without a transfer fee owing to the clause.
Updated
Rouble hits 90 vs euro for first time since 2016 as geopolitical risks bite
Forex

Rouble hits 90 vs euro for first time since 2016 as geopolitical risks bite

  • Lingering political risks over turmoil in neighbouring Belarus hurt the rouble, as did the fallout from the suspected poisoning of Kremlin critic Alexei Navalny last month.
  • Versus the dollar, the rouble was 0.8% weaker at 76.00 , just shy of a near five-month low of 76.26 hit earlier in the trading session,
Published
Gulf markets mixed; Egypt snaps losing streak
Stocks

Gulf markets mixed; Egypt snaps losing streak

  • Saudi Arabia's benchmark index gained 0.3%, with Jabal Omar Development rising 5.4% and Dr Sulaiman Al-Habib Medical Services was up 1.5%.
  • Oil company Saudi Aramco, however, eased 0.3%.
Published
Nestle on track to meet sustainable packaging goal
Companies

Nestle on track to meet sustainable packaging goal

  • Regularly cited by environmental groups such as Greenpeace as one of the top plastic polluters.
  • Packaging plays an essential role in preserving the integrity and safety of our food. At the same time, plastic pollution continues to be a major issue around the world.
Published
Munich Re sees slowdown in COVID-19-related losses in Q3
Financial

Munich Re sees slowdown in COVID-19-related losses in Q3

  • The world's largest reinsurer had estimated around 1.5 billion euros in COVID-19 losses in the first half of the year.
  • Munich Re foresees that the North American hurricanes Hanna, Isaias and Laura earlier this summer will result in a "low triple-digit million euro amount" in losses.
Published
With big tech on holiday, world shares inch higher
Stocks

With big tech on holiday, world shares inch higher

  • European stocks open sharply higher, FTSE helped by weak pound.
  • Pound down 0.5% as no deal Brexit risks rise.
  • Japan's Nikkei falls, Chinese shares in red.
  • Currency market action muted.
  • Oil falls 1.2% after Saudi price cuts.
Published
Syria seeks more Russian investment as US sanctions hammer economy
Currency

Syria seeks more Russian investment as US sanctions hammer economy

  • Officials from Syria and Russia, whose military support since 2015 helped Damascus reverse gains by Islamists and other rebels.
  • Russia turned the tide for Assad and with the regime now facing its gravest challenges, Moscow is in a better position than any other time to further squeeze Assad,
Updated
Police arrest 15 more after overnight protests in Portland
World

Police arrest 15 more after overnight protests in Portland

  • Protesters set fire on some mattresses that were put out eventually by firefighters, Portland police said.
  • The police said there were no injuries, adding they arrested 15 people on charges like interfering with a peace officer.
Published
Turkey's lira weakens to new record low against dollar
Forex

Turkey's lira weakens to new record low against dollar

  • The central bank has taken backdoor steps to tighten policy and slow the lira's decline but it has so far not raised its policy rate.
  • Those steps have increased the weighted average cost of funding over the past month to 10.14% as of Friday.
Published
Merkel doesn't rule out sanctions on Russian gas pipeline
Energy

Merkel doesn't rule out sanctions on Russian gas pipeline

  • Merkel is under mounting pressure from members of her conservative party to suspend the Nord Stream 2 pipeline.
  • Seibert also said it was too early to decide on whether to impose sanctions against Russia over the poisoning.
Published
UAE planning first official visit to Israel on Sept 22
Exchange

UAE planning first official visit to Israel on Sept 22

  • The UAE delegation's trip to Israel, which has yet to be finalised, would come in reciprocation of a groundbreaking trip to Abu Dhabi last week.
  • the UAE was expected to finalise the trip after a date is announced for a ceremony, likely in Washington.
Published
KSE-100: 42k and counting?
Exchange

KSE-100: 42k and counting?

In an exercise of self-congratulations, various stakeholders of Pakistan Stock Exchange - investors, TREC holders,...
Published
The discos’ problem
BR Research

The discos’ problem

The power distribution companies leaked a cumulative loss of Rs209.5 billion in FY19 on account of Transmission ...
Published
Buying confidence
BR Research

Buying confidence

If optimism could be banked, Pakistan would be rich—it seemingly has oodles of it, possessing an inane ability to...
Published
Tahir Ashrafi meets Buzdar
Pakistan

Tahir Ashrafi meets Buzdar

LAHORE: Head of Pakistan Ulema Council Maulana Tahir Mahmood Ashrafi called on Punjab Chief Minister Sardar Usman...
Updated
Greater Karachi cause
Letters

Greater Karachi cause

LETTER: Federal Minister for Information Senator Shibli Faraz has tweeted that "people of Karachi cannot be left at...
Updated
Army chief calls on President

Army chief calls on President

ISLAMABAD: Chief of the Army Staff General Qamar Javed Bajwa Sunday called on President Dr. Arif Alvi here at...
Updated
KE BoDs meeting today

KE BoDs meeting today

ISLAMABAD: The Board of Directors of Karachi Electric is holding an extraordinary meeting on Monday (today) to take ...
Updated
AAJ PROGRAM SCHEDULE
Life & Style

AAJ PROGRAM SCHEDULE

Monday, September 07, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...
Updated
The Weather
Pakistan

The Weather

KARACHI: The weather report on Sunday (September 6, 2020) and the forecast for Monday (September 7, 2020)....
Published
Woman delivers quintuplets
Pakistan

Woman delivers quintuplets

PESHAWAR: A woman gave birth to quintuplets here at Lady Reading Hospital (LRH) on Sunday, said a spokesman of the...
Published
Trump blasts media, Democrats
USA

Trump blasts media, Democrats

WASHINGTON: US President Donald Trump on Sunday again defended his support for American troops while others in his...
Published
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (August 31 to...
Published
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (July 2 to 30,...
Published
POL products' prices
Exchange

POL products' prices

EDITORIAL: Prime Minister Imran Khan has directed the relevant authorities not to raise petroleum and products'...
Published
A lost generation!
Editorials

A lost generation!

EDITORIAL: A report based on research conducted by UNICEF, the United Nation's children's agency, has made some...
Published
FBR performance
Opinion

FBR performance

ARTICLE: The performance of the tax collecting wing of the Ministry of Finance, Federal Board of Revenue (FBR),...
Published
Karachi-a voice unheard
Opinion

Karachi-a voice unheard

ARTICLE: Drowned. Submerged. Disconnected. Disman-tled. Dying. These sorrowful adjectives are not describing some...
Published