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Archive - 2020-09-18
Indian army indicts soldiers in killing of Kashmiris
Pakistan

Indian army indicts soldiers in killing of Kashmiris

  • A defence spokesman said evidence showed soldiers had exceeded their powers under the Armed Forces Special Powers Act.
  • The families of the slain men said security forces had killed them in cold blood.
  • The inquiry has brought out certain prima facie evidence indicating that during the operation, powers vested under the AFSPA 1990 were exceeded.
Published 18 Sep, 2020 09:10pm
Moderna sees 20mn doses of COVID-19 vaccine candidate by year end
Companies

Moderna sees 20mn doses of COVID-19 vaccine candidate by year end

  • Vaccines and treatments are seen as essential in controlling the COVID-19 pandemic that has shown no signs of slowing and killed over 944,000 people worldwide.
  • A handful of vaccines, including those from Pfizer Inc and AstraZeneca, are also being tested in large studies.
Published 18 Sep, 2020 09:01pm
Fed begins tussle over practical meaning of new inflation policy
USA

Fed begins tussle over practical meaning of new inflation policy

  • The new policy, laid out in a strategic document last month and incorporated into a policy statement issued on Wednesday.
  • Atlanta Fed President Raphael Bostic said, for example, that he'd be paying closer attention to how fast inflation rises rather than on its quarter-to-quarter level in implementing the new approach.
Published 18 Sep, 2020 08:12pm
China slams Pompeo for 'arrogance' during South America trip
South Asia

China slams Pompeo for 'arrogance' during South America trip

  • We've watched the Chinese Communist Party invest in countries, and it all seems great at the front end and then it all comes falling down when the political costs connected to that becomes clear.
  • Any attempt to sow discord between China and Suriname is doomed to fail.
Published 18 Sep, 2020 07:59pm
Nasdaq inches higher after two-day tech slump
Stocks

Nasdaq inches higher after two-day tech slump

  • Tesla rises after PT hikes ahead of "Battery Day".
  • Oracle falls as Trump to block US downloads of TikTok.
  • PG&E Corp slips as finance chief resigns.
  • Dow off 0.27%, S&P 500 flat, Nasdaq up 0.26%.
Published 18 Sep, 2020 07:49pm
TSX gains on strong retail sales data
Stocks

TSX gains on strong retail sales data

  • Husky Energy fell 2.8%, the most on the TSX, while Seven Generations Energy followed closely behind with a 2.1% fall.
  • The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures rose 0.5% to $1,950.2 an ounce.
Published 18 Sep, 2020 07:46pm
Russian oil exports seen stable in October
Energy

Russian oil exports seen stable in October

  • Russia plans to load 3.5 million tonnes of Urals oil from its Baltic ports in September and 1.6 million tonnes of Urals and Siberian Light oil from the Black Sea's Novorossiisk.
  • Traders believe this will not be the case this time due to production cuts by Russia within the OPEC+ global deal.
Published 18 Sep, 2020 07:02pm
Bale arrives in UK ahead of Tottenham move
Sports

Bale arrives in UK ahead of Tottenham move

  • Sky Sports footage showed Bale stepping off a private jet owned by Tottenham chairman Daniel Levy.
  • Real Madrid left back Sergio Reguilon was also on the plane and is also set to join the London club.
Published 18 Sep, 2020 06:38pm
Raw sugar slips but heads for 6pc gain on the week
Commodities

Raw sugar slips but heads for 6pc gain on the week

  • December white sugar rose $1.9, or 0.5%, to $366.30 a tonne, having hit its highest in nearly a month at $372.50.
  • December arabica coffee edged up 0.4 cents, or 0.3%, to $1.1840 per lb, following four consecutive days of losses.
Published 18 Sep, 2020 06:31pm
US current account deficit surges 52.9pc in second quarter
USA

US current account deficit surges 52.9pc in second quarter

  • The Commerce Department said on Friday the current account deficit, which measures the flow of goods, services and investments into and out of the country.
  • Data for the first quarter was revised higher to show a $111.5 billion shortfall, instead of $104.2 billion as previously reported.
Published 18 Sep, 2020 06:27pm
Trump to block US downloads of TikTok, WeChat on Sunday: officials
Technology

Trump to block US downloads of TikTok, WeChat on Sunday: officials

  • Current TikTok users will see little change on Sunday and US Commerce Department officials said they will not bar additional technical transactions for TikTok until Nov. 12,
  • ByteDance has been in talks with Oracle Corp and others to create a new company, TikTok Global, that aims to address US concerns about the security of its users' data.
Published 18 Sep, 2020 06:11pm
Trump offered to pardon Assange if he provided source for Democratic emails
Europe

Trump offered to pardon Assange if he provided source for Democratic emails

  • Assange's lawyer, Jennifer Robinson, said she observed a meeting where former Republican US Representative Dana Rohrabacher and Charles Johnson.
  • Robinson said Assange was told that Trump approved of the meeting and that Rohrabacher would later meet with the president to discuss the reaction to the proposed deal.
Published 18 Sep, 2020 06:06pm
Fed's Kashkari wanted stronger commitment to delay rate hikes
World

Fed's Kashkari wanted stronger commitment to delay rate hikes

  • The US central bank earlier this week signaled it would keep interest rates in their current range of 0% to 0.25%.
  • I would have preferred the Committee make a stronger commitment to not raising rates until we were certain to have achieved our dual mandate objectives.
Published 18 Sep, 2020 06:05pm
Tunisia buys barley and durum in tender, no soft wheat
Commodities

Tunisia buys barley and durum in tender, no soft wheat

  • The grains can all be sourced from optional origins. The agency made no purchase of up to 42,000 tonnes of soft wheat also sought because of high prices.
  • The barley was bought in three 25,000 tonne consignments: with sellers said to be Dreyfus at $225.47 a tonne c&f, Glencore at $226.75 a tonne c&f and Aston at $223.00 a tonne c&f.
Updated 18 Sep, 2020 06:05pm
FBR releases tax directory of Pakistan's parliamentarians
Pakistan

FBR releases tax directory of Pakistan's parliamentarians

  • Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh informed that some 90 Senators and 311 Members of the Parliament have paid taxes of about Rs 800 million.
  • Prime Minister Imran Khan paid Rs 282,449 whereas former prime minister and PML-N parliamentarian Shahid Khaqan Abbasi paid the highest tax of Rs 241,329,362.
Published 18 Sep, 2020 03:29pm
Suzuki AGS – Shift Easy
Pakistan

Suzuki AGS – Shift Easy

Customers can save a big amount of up to Rs. 172,000+ via 1-year free periodic maintenance and free registration.
Published 18 Sep, 2020 02:11pm
Safe return to work
BR Research

Safe return to work

There has been a lot of emphasis on companies and businesses remodeling operations and being flexible and adaptive ...
Updated 18 Sep, 2020 12:13pm
Aussie, kiwi fall
Money & Banking

Aussie, kiwi fall

SYDNEY: The Australian and New Zealand dollars snapped four sessions of gains and fell on Thursday, after the US...
Updated 18 Sep, 2020 03:28am
Lira hits fresh record low
Currency

Lira hits fresh record low

ISTANBUL: Turkish lira weakened on Thursday to a new record low against the dollar which firmed after the US Federal...
Updated 18 Sep, 2020 03:28am
Aid worker killed in DR Congo
World

Aid worker killed in DR Congo

BENI, (DR Congo): A worker with the British charity World Vision has been killed in an ambush on a humanitarian...
Updated 18 Sep, 2020 03:21am
Energy sector
Letters

Energy sector

"Emerging Crisis in the gas sector", lead editorial (BR, Sept 11), highlights the criticality of the energy sector ...
Published 18 Sep, 2020 02:59am
Jul-Aug FDI up 40pc YoY

Jul-Aug FDI up 40pc YoY

KARACHI: Foreign Direct Investment (FDI) in Pakistan surged by 40 percent during the first two months of this fiscal...
Published 18 Sep, 2020 02:59am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Thursday (September 17, 2020) and the forecast for Friday (September 18, 2020)....
Published 18 Sep, 2020 02:59am
Bank manager shot dead
Pakistan

Bank manager shot dead

ISLAMABAD: A manager of the National Bank of Pakistan (NBP) was shot dead on Thursday by unidentified assailants in...
Published 18 Sep, 2020 02:59am
Money Market Report
Rates

Money Market Report

KARACHI: Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 17, 2020). DAILY MONEY...
Published 18 Sep, 2020 02:59am
Spot dollar rates
Rates

Spot dollar rates

KARACHI: Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (September 17, 2020)....
Published 18 Sep, 2020 02:59am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (September 17, 2020). ======================== Offer Price 1,184.2768...
Published 18 Sep, 2020 02:59am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (September 17, 2020). ======================== Offer Price...
Published 18 Sep, 2020 02:59am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (September 17, 2020). ======================== Offer Price...
Published 18 Sep, 2020 02:59am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 18 Sep, 2020 02:59am
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (September 17, 2020)....
Published 18 Sep, 2020 02:59am
THE RUPEE: Up against USD
Currency

THE RUPEE: Up against USD

KARACHI: On Thursday, Pakistan Rupee went up against USD in both interbank and open markets. It also went up against...
Published 18 Sep, 2020 02:59am
Shipping Intelligence
Vegetable Oil

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 17, 2020)....
Published 18 Sep, 2020 02:59am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (September 17, 2020). =======================================...
Published 18 Sep, 2020 02:59am
Bullion Rates
Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 17, 2020)....
Published 18 Sep, 2020 02:59am
Australian, NZ shares dip
Stocks

Australian, NZ shares dip

SYDNEY/WELLINGTON: Australian shares ended more than 1% lower on Thursday, pressured by heavy losses in miners as...
Published 18 Sep, 2020 02:59am
China shares weaken
Stocks

China shares weaken

BEIJING: China shares ended weaker on Thursday, with healthcare and consumer firms leading the losses amid sell-off...
Published 18 Sep, 2020 02:59am
Japan stocks fall
Stocks

Japan stocks fall

TOKYO: Japanese stocks fell on Thursday, dragged lower by major exporters after the US Federal Reserve's pledge to...
Published 18 Sep, 2020 02:59am
IIUI hostels reopen from 21st
Pakistan

IIUI hostels reopen from 21st

ISLAMABAD: Male and female hostels of the International Islamic University Islamabad (IIUI) will completely reopen ...
Published 18 Sep, 2020 02:59am
CAP elects office-bearers
Pakistan

CAP elects office-bearers

LAHORE: Engr Syed Ashfaq Hussain and Engr Arshad Dad have been elected unopposed as Chairman and Senior Vice ...
Published 18 Sep, 2020 02:59am
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 18 Sep, 2020 02:59am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 17, 2020)...
Published 18 Sep, 2020 02:59am
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 17, 2020)....
Published 18 Sep, 2020 02:59am
CBOT soyabean futures rise
Grains

CBOT soyabean futures rise

CHICAGO: Chicago Board of Trade soyabean futures rose 2% on Wednesday, surging to two-year highs on continued export...
Published 18 Sep, 2020 02:59am
Euronext wheat higher
Grains

Euronext wheat higher

PARIS: Euronext wheat reversed from a two-week low to end higher on Wednesday as traders assessed news that Algeria...
Published 18 Sep, 2020 02:59am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 10.890 billion...
Published 18 Sep, 2020 02:59am
US MIDDAY: Gold falls
Commodities

US MIDDAY: Gold falls

NEW YORK: Gold prices fell on Thursday to the lowest in more than a week, after the US Federal Reserve dashed...
Published 18 Sep, 2020 02:59am
Gold dips in Europe
Commodities

Gold dips in Europe

LONDON: Gold prices fell on Thursday to the lowest in more than a week, after the US Federal Reserve dashed...
Published 18 Sep, 2020 02:59am
Copper prices steady
Commodities

Copper prices steady

LONDON: Copper prices were steady in choppy trade on Thursday as high levels of US unemployment took the steam out ...
Published 18 Sep, 2020 02:59am
Gold prices down
Commodities

Gold prices down

KARACHI: Gold prices on Thursday dropped by Rs800 to Rs114,200 per tola on the local market, traders said. The ...
Published 18 Sep, 2020 02:59am