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Archive - 2020-09-17
IHC issues notices in missing person case
Pakistan

IHC issues notices in missing person case

  • During the course of proceedings, the petitioner's lawyer Haider Imtiaz informed the court that none of its directions had been followed yet by the authority concerned.
Published 17 Sep, 2020 11:39pm
Sterling regains lost ground after BoE negative rate talk
Forex

Sterling regains lost ground after BoE negative rate talk

  • The Bank of England kept its main stimulus programmes on hold, as expected, and said that Britain's economy had performed better than expected.
  • It is clear that they are examining and lining up the tools they can deploy including more quantitative easing and negative rates if the economy diverges from their central scenario,
Published 17 Sep, 2020 09:19pm
Euro zone yields extend fall, BTPs hit six month low
Financial

Euro zone yields extend fall, BTPs hit six month low

  • The BoE said it was looking more closely at how it might cut interest rates below zero as Britain's economy faces a triple whammy of rising COVID-19 cases.
  • The UK 10-year Gilt yield fell to its lowest level since August 11 at 0.158% after Bank of England governor Andrew Bailey's news conference.
Published 17 Sep, 2020 08:48pm
Apple envisioned its fitness service long before work-from-home
Technology

Apple envisioned its fitness service long before work-from-home

  • The Fitness+ service is Apple's first subscription geared to make money directly from the sensor-packed device it has been selling since 2014.
  • At least pre-Covid, if you could write one prescription for the world from physicians, it would have been to be more active.
Published 17 Sep, 2020 08:17pm
TSX drops as high unemployment fuels recovery fears
Stocks

TSX drops as high unemployment fuels recovery fears

  • Canada lost 205,400 jobs in August, as hiring tumbled in the construction, and trade, transportation and utilities sectors.
  • The energy sector dropped 2.0% as US crude prices were down 0.9% a barrel, while Brent crude lost 0.6%.
Published 17 Sep, 2020 08:16pm
Israel closes schools again as COVID-19 cases surge
Middle East

Israel closes schools again as COVID-19 cases surge

  • The initial lockdown was imposed in late March and eased in May, when the number of new cases dropped to about 20 a day.
  • The new lockdown, due to last three weeks, coincides with the start of the Jewish New Year, Rosh Hashana, traditionally a time for large family gatherings.
Published 17 Sep, 2020 08:13pm
Germany pushes up 2021 debt plans to nearly 100bn euros
Europe

Germany pushes up 2021 debt plans to nearly 100bn euros

  • The pandemic plunged Europe's largest economy into its deepest recession on record in the first half of the year.
  • The step would require another suspension of Germany's constitutionally enshrined debt limits after Berlin already abandoned them this year.
Updated 17 Sep, 2020 07:56pm
Malaysia's Petronas pays $700mn in taxes to Sarawak state
Companies

Malaysia's Petronas pays $700mn in taxes to Sarawak state

  • The payment comes just two weeks after Petronas reported its first quarterly loss in nearly five years due to a coronavirus-related demand slump and lower oil prices.
  • The Sarawak state is run by a close political ally of premier Muhyiddin Yassin, who sources have said is open to giving more oil money to the state.
Published 17 Sep, 2020 07:16pm
Lilly, Amgen partner to manufacture potential COVID-19 drugs
Companies

Lilly, Amgen partner to manufacture potential COVID-19 drugs

  • Antibody treatments work by recognizing and locking onto foreign invaders to prevent infection of healthy cells.
  • We are impressed with Lilly's data, in particular the reduction in hospitalizations, and are enthusiastic about the potential for these neutralizing antibodies as a therapeutic for COVID-19.
Published 17 Sep, 2020 06:23pm
FIFA president Infantino meets Trump to discuss 2026 World Cup
Sports

FIFA president Infantino meets Trump to discuss 2026 World Cup

  • Infantino travelled to Washington to discuss the establishment of a FIFA headquarters in the US for the tournament and review preparations
  • Ever since I was elected, we have shown our determination to eradicate malpractice that tarnished FIFA's reputation in the past.
Published 17 Sep, 2020 05:57pm
US weekly jobless claims stuck at higher levels
USA

US weekly jobless claims stuck at higher levels

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 860,000 for the week ended Sept. 12, compared to 893,000 in the prior week.
  • Fed Chair Jerome Powell said more fiscal support was likely to be needed, adding that though the labor market has improved "substantially" it was "a long way from maximum employment."
Published 17 Sep, 2020 05:54pm
Oil falls as crews return to US Gulf rigs
Energy

Oil falls as crews return to US Gulf rigs

  • US oil producers restart operations after hurricane.
  • Concerns about weak fuel demand back in focus.
  • OPEC+ online meeting in focus.
  • US data likely to show high levels of jobless claims.
Published 17 Sep, 2020 05:48pm
Pakistan wins election to key UN body

Pakistan wins election to key UN body

  • Pakistan secured 52 votes from the 54-member United Nations Economic and Social Council and is re-elected to the Committee for Programme and Coordination
Published 17 Sep, 2020 03:18pm
Dal fry: substitution effect?
Currency

Dal fry: substitution effect?

Ask any ordinary Pakistani regarding the difference between urad, toor, arhar and mash dals (lentils), and they may...
Published 17 Sep, 2020 08:04am
Taking flak
BR Research

Taking flak

America’s soft power was already melting fast under Donald Trump. Along came coronavirus and the politicized...
Published 17 Sep, 2020 07:59am
BTLK petition disposed of
Pakistan

BTLK petition disposed of

ISLAMABAD: The Supreme Court on Wednesday disposed of Bahria Town (Pvt) Limited, Karachi, application to defer the...
Updated 17 Sep, 2020 03:18am
Joint sitting passes 8 bills

Joint sitting passes 8 bills

ISLAMABAD: The joint sitting of the Parliament on Wednesday passed eight bills, including three related to the...
Updated 17 Sep, 2020 03:11am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Wednesday (September 16, 2020) and the forecast for Thursday (September 17, 2020)....
Published 17 Sep, 2020 02:30am
'Roshan digital account'
Opinion

'Roshan digital account'

Business Recorder analyst Asad Rizvi deserves a lot of praise for explaining to newspaper readers like myself ...
Published 17 Sep, 2020 02:30am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 17 Sep, 2020 02:30am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (September 16, 2020). ======================== Offer Price 1,184.8616...
Published 17 Sep, 2020 02:30am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (September 16, 2020). ======================== Offer Price...
Published 17 Sep, 2020 02:30am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (September 16, 2020). ======================== Offer Price...
Published 17 Sep, 2020 02:30am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 17 Sep, 2020 02:30am
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (September 16, 2020)....
Published 17 Sep, 2020 02:30am
THE RUPEE: USD strengthens
Currency

THE RUPEE: USD strengthens

KARACHI: On Wednesday, USD strengthened against PKR in both interbank and open markets by a slight margin over...
Published 17 Sep, 2020 02:30am
Shipping Intelligence
Vegetable Oil

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 16, 2020)....
Published 17 Sep, 2020 02:30am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (September 16, 2020). =======================================...
Published 17 Sep, 2020 02:30am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 16, 2020)...
Published 17 Sep, 2020 02:30am
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 16, 2020)....
Published 17 Sep, 2020 02:30am
Bullion Rates
Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 16, 2020)....
Published 17 Sep, 2020 02:30am
London-listed stocks slip
Stocks

London-listed stocks slip

LODNON: London-listed stocks slipped on Wednesday as the fraught trade talks between Britain and the European Union...
Published 17 Sep, 2020 02:30am
S&P moves higher
Stocks

S&P moves higher

NEW YORK: US stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy...
Published 17 Sep, 2020 02:30am
Japan shares surge
Stocks

Japan shares surge

TOKYO: Japanese stocks ended marginally higher on Wednesday on expectations that the US Federal Reserve would...
Published 17 Sep, 2020 02:30am
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 16, 2020)....
Published 17 Sep, 2020 02:30am
AAJ PROGRAM SCHEDULE
Life & Style

AAJ PROGRAM SCHEDULE

Thursday, September 17, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...
Published 17 Sep, 2020 02:30am
Gold surges in Europe
Commodities

Gold surges in Europe

LONDON: Gold rose on Wednesday in the run-up to a US Federal Reserve policy decision, which is expected to reiterate...
Published 17 Sep, 2020 02:30am
Gold holds steady in Asia
Commodities

Gold holds steady in Asia

SINGAPORE: Gold prices inched up on Wednesday on a weaker dollar, with investors awaiting the outcome of the Federal...
Published 17 Sep, 2020 02:30am
Tokyo rubber rises
Commodities

Tokyo rubber rises

TOKYO: Japanese rubber futures closed higher for the third straight session on Wednesday, matching gains on the...
Published 17 Sep, 2020 02:30am