News Archives for Latest - 2020-09-21

Asia

Indonesia sees daily record 4,176 new coronavirus infections

The number of deaths rose by 124 to 9,677, the highest number of fatalities in Southeast Asia.

Updated 22 Sep, 2020 07:16pm

Industry

Lufthansa steps up cuts to fleet and staff as outlook dims

Will reduce fleet by 50 more planes than planned.
Smaller fleet will lead to more job cuts.
Will take 1.1 bln euro writedown in third quarter.

Published 21 Sep, 2020 11:58pm

USA

US CDC reports 199,024 coronavirus deaths

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 21 Sep, 2020 11:56pm

Commodities

US Cash Grains-Soy processor bids ease as harvest gets rolling

Corn basis bids weakened at ethanol production sites as well.
Corn processor bids were steady to weaker, with a Cedar Rapids, Iowa, location dropping its basis by 3 cents per bushel.

Published 21 Sep, 2020 11:54pm

Commodities

Cotton futures drop to over one-week low as equities slide

Cotton contracts for December fell 0.46 cent, or 0.7%, at 65.20 cents per lb.
We are seeing a sell-off across most of the commodities and stock markets today so there is some carryover from that.

Published 21 Sep, 2020 11:53pm

Exchange

GM, Bosch stick with Nikola alliances despite Milton's exit

Nikola founder Trevor Milton, whose company become a darling of the stock market over the summer.
Milton has fought back, even after the US Securities and Exchange Commission and the Department of Justice said they were looking into the company.

Published 21 Sep, 2020 11:48pm

USA

Biden, Trump campaign in US Midwest as Supreme Court fight looms

A Republican seeking re-election on Nov. 3, Trump will hold campaign events in Ohio, a state some Democrats once saw as a lock for Trump.
Each is reckoning with a presidential contest that was upended by Friday's death of the liberal Justice Ruth Bader Ginsburg.

Published 21 Sep, 2020 11:45pm

Stocks

Wall St tumbles to seven-week low on virus fears, stimulus fog

Shares of airline, cruise, hotel and casino companies tumble.
Big lenders fall on reports banks moved illicit funds.
Nikola crashes as founder resigns; GM shares fall.
- Indexes down: Dow 2.92%, S&P 500 2.21%, Nasdaq 1.29%.

Published 21 Sep, 2020 11:43pm

Europe

France reports 5,298 new daily COVID-19 cases

There are traditionally fewer confirmed cases on Monday as less testing is carried out over the weekend.
The rolling seven-day count of COVID-19 hospital admissions rose to 4,103 from 3,894 on Sunday.

Published 21 Sep, 2020 11:42pm

Europe

Irish weekly COVID-19 jobless claims fall slightly

Claims have more than halved since hitting a lockdown peak of 600,000 in early May but the unemployment rate stood at 15.4%.
With pubs that just serve drinks permitted to open for the first time since March on Monday in all counties but Dublin.

Published 21 Sep, 2020 11:40pm

Sports

Djokovic wins fifth Italian Open to make Masters history

An on-and-off drizzle at Foro Italico, which included a smattering of fans, added to Djokovic's frustration but he still found a way past Schwartzman's serve to draw level at 3-3.
The top seed stepped up the intensity to break Schwartzman's serve twice before serving out the match comfortably to seal victory -- clinching it with a drop shot.

Published 21 Sep, 2020 11:37pm

Exchange

Afghan peace negotiators far apart on basic issues such as ceasefire, women's rights

The chasm, not just on the predictably difficult problem of a ceasefire but on basic issues such as women's rights.
We are talking to a side that is difficult and inflexible and therefore things are not moving forward.

Published 21 Sep, 2020 11:33pm

USA

House Democrats file bill to fund US government but leave out new farm money

House Democrats announced Monday they had filed the legislation, which leaves out new money that President Donald Trump wanted for farmers.
The bill is designed to give lawmakers more time to work out federal spending for the period through September 2021.

Published 21 Sep, 2020 11:32pm

Exchange

Iran says it is ready to swap all prisoners with US

Washington has long demanded that Iran release US citizens including Iranian-American father and son Baquer and Siamak Namazi, who it says are political prisoners.
Tehran denies it holds people for political reasons and has accused many of the foreigners in its jails of espionage.

Published 21 Sep, 2020 11:28pm

South Asia

US imposes new sanctions on Iran after UN standoff over arms

The impetus behind the US action is the impending expiry of a UN arms embargo on Iran and a desire to warn foreign actors.
Sanctions added on Venezuelan President Nicolas Maduro, Pompeo said, accusing officials in Tehran of working with the Venezuelan government to "flout the UN arms embargo.

Published 21 Sep, 2020 11:25pm

Money & Banking

Mexican central bank seen cutting key rate to 4.25pc

In the survey, 21 out of 27 analysts consulted predicted the monetary authority would lower the interbank interest rate by 25 basis points to 4.25%.
At the past five meetings Banco de Mexico has lowered rates by 50 basis points cuts.

Published 21 Sep, 2020 11:22pm

USA

US debt to hit nearly twice GDP by 2050: CBO

The nonpartisan budget referee agency said that the 2020 deficit is projected at 16% of US GDP.
The share will fall for several years, but will begin rising sharply again by 2028.

Published 21 Sep, 2020 11:19pm

Money & Banking

RBC online banking, trading inaccessible due to 'technical issues'

Irate clients of Canada's biggest bank took to Twitter to complain about their inability to access their accounts.
We're aware of an issue affecting our online banking and mobile app at the moment.

Published 21 Sep, 2020 11:17pm

Pakistan

CM directs expediting of work on all ongoing mega schemes

The meeting was attended by Special Assistant to the Chief Minister Riaz Khan, Principal Secretary to the CM Shahab Ali Shah, and other high officials.

Published 21 Sep, 2020 09:25pm

Pakistan

APC Reaction; opposition just wanted relaxation in corruption cases: Fawad

The minister said Nawaz Sharif and PML-N leadership had been an ‘integral part’ of all conspiracies hatched against democracy in the country.

Published 21 Sep, 2020 09:23pm

Pakistan

Afridi seeks opposition's support over PM' address at UNGA

He said that it was the dire need of the time that entire nation should stand by Imran Khan so as a message of unity on Kashmir be floated at international level.

Updated 21 Sep, 2020 09:23pm

Pakistan

NDMA distributes 420 ton wheat, 29,000 tents among Sindh flood affectees

Lt Gen Muhammad Afzal assured the parliamentarian that NDMA will stand by people of affected areas and will continue its support for government and people of Sindh.

Published 21 Sep, 2020 08:08pm

Pakistan

Nawaz's speech doesn't reflect patriotism: Raja Basharat

Raja Basharat said that Nawaz Sharif's speech was the speech of a frustrated person that created difficulties for his own party.

Published 21 Sep, 2020 08:07pm

Pakistan

Nawaz not doing service to Pakistan, democracy by creating chaos, controversy: Shibli

Shibli Faraz said Nawaz Sharif should not make the elections and democracy controversial as the country had done many favours to him.

Published 21 Sep, 2020 08:05pm

Pakistan

Nawaz makes India happy by attacking national institutions: Vawda

He said the true face of Nawaz Sharif and the drama of his illness had been exposed before the nation with his speech to the Opposition's All Parties Conference (APC).

Published 21 Sep, 2020 07:49pm

Business & Finance

Wall St falls on virus fears, stimulus uncertainty

The Dow Jones Industrial Average hit a near two-month low shortly after opening 172.71 points, or 0.62pc, lower at 27,484.71.

Published 21 Sep, 2020 07:46pm

Stocks

TSX drops as COVID-19 cases rise; oil weighs

At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 249.52 points, or 1.54pc, at 15,949.45.

Published 21 Sep, 2020 07:45pm

Europe

Greece extends negative COVID-19 test rule for Russians until Oct. 5

The airports of Athens, Thessaloniki and Heraklion will receive up to 500 visitors from Russia per week during the two-week period, authorities said.

Published 21 Sep, 2020 07:41pm

World

Study suggests dengue may provide some immunity against COVID-19

Research states places with lower coronavirus infection rates and slower case growth were locations that had suffered intense dengue outbreaks this year

Published 21 Sep, 2020 07:37pm

Europe

Italy orders COVID-19 testing on some travellers from France

French health authorities reported 10,569 new confirmed COVID-19 cases on Sunday, down from the previous day's record increase of 13,498.

Published 21 Sep, 2020 07:41pm

Commodities

Ukraine 2020/21 grain exports down 14pc so far

The volume is down because of a decline in corn sales to 613,000 tonnes, against about 1.93 million tonnes at the same point of last season.

Published 21 Sep, 2020 07:32pm

World

OneWeb to resume launches in December, eyes commercial service in 2021

The return-to-flight launch, the first of 16 under an amended agreement with Arianespace, will increase OneWeb's in-orbit fleet to 110 satellites

Published 21 Sep, 2020 07:32pm

Pakistan

Govt committed to providing youth with easy access to capital: Usman Dar

This was stated by Special Assistant to Prime Minister on Youth Affairs and Chairman PM's Youth Programme Usman Dar here on Monday.

Published 21 Sep, 2020 07:29pm

Govt ministers slam Nawaz Sharif's APC speech, say opposition spreading anarchy in country

Shah Mehmood Qureshi says APC was held to target state institutions and it only benefitted India

Updated 21 Sep, 2020 07:16pm

Exchange

IHC directs Shahzad Akbar to submit report on the rise of Crime Rate in capital

The court also directed PM's adviser to apprise the Prime Minister about poor investigation system of police and miserable condition of district courts.

Published 21 Sep, 2020 07:06pm

ByteDance, Oracle at loggerheads over terms of TikTok agreement

China's ByteDance was racing to avoid a crackdown on TikTok after the U.S. Commerce Department said on Friday it would block new downloads and updates to the app

Published 21 Sep, 2020 07:06pm

Pakistan

Bullion prices on Monday

Following were the bullion prices in Karachi on Monday.

Published 21 Sep, 2020 06:47pm

Exchange

There's need for slashing policy rate & removing floor

The State Bank of Pakistan (SBP) will be announcing Monetary Policy (MP) today. All such announcements are ...

Updated 21 Sep, 2020 07:04pm

COAS Bajwa meets PM, discusses issues of national and regional security

Military leadership had earlier met parliamentary leaders and made it clear that it has no role in the country’s political matters and election reforms

Published 21 Sep, 2020 06:39pm

Exchange

Pakistan’s Power Sector Woes: A Beginning with No End

The woes of Pakistan’s power sector and associated negatives such as impact on GDP, high tariffs, prolonged and...

Published 21 Sep, 2020 06:51pm

Pakistan

SC orders service regularisation of FBR employee

During the course of proceedings, the court bserved that another employee Mansoor Ali had been working on acting charge for the last 11 years.

Published 21 Sep, 2020 06:45pm

Pakistan

Fakhar Imam stress for concrete efforts to resolve Kashmir issue

He was speaking at a seminar on “Piecing Peace Together" Shared Future for Humanity” organized by the Parliamentary Kashmir Committee on the occasion of International Peace Day.

Published 21 Sep, 2020 06:42pm

Pakistan

Gold price increases Rs200

The price of per tola and ten gram silver remained constant at Rs. 1300 and Rs. 1114.54 respectively.

Published 21 Sep, 2020 06:40pm

Pakistan

K-Electric to inject more than Rs. 250bn in next three years to improve system

Every third consumer in Karachi has paid their fines, the MQM-P leader said, adding that the industrial consumers paid more than Rs. 1.5 billion in fines as well.

Published 21 Sep, 2020 06:37pm

Pakistan

Refrain from dragging state institutions into politics, Qureshi tells opposition

The opposition attacked an institution that always remained vigilant for defending the country’s sovereignty and laid immense sacrifices of lives.

Published 21 Sep, 2020 06:35pm

Pakistan

No new fund to DMCs, routine work continues: Advisor

All the works including cleaning, garbage collection, repair of roads, and street lights are being performed, with the help of the same resources.

Published 21 Sep, 2020 06:33pm

Trump says U.S. won't approve TikTok deal if China maintains control

US president says If we find that ByteDance don't have total control, then we're not going to approve the deal

Published 21 Sep, 2020 06:28pm

Middle East

Iran records highest daily coronavirus cases since early June

Iran's deputy Health Minister Iraj Harirchi said last week that the whole country was on coronavirus red alert as daily deaths and cases increased at an alarming rate.

Published 21 Sep, 2020 06:25pm

Europe

UK PM Johnson to chair emergency response meeting on coronavirus on Tuesday

"Tomorrow morning is an opportunity for COBRA to discuss what next steps may be required in the coronavirus response," the spokesman said.

Published 21 Sep, 2020 06:23pm

Middle East

Lebanon going ‘to hell’ if government not formed: president

Asked where Lebanon was headed if there was no agreement among its fractious leaders, he responded: "Of course - to hell."

Published 21 Sep, 2020 06:20pm

Industry

Hyundai Motor, S.Korean union agrees to freeze wages for the first time in 11 yrs

The deal is subject to a vote by union members on Sept 25.

Updated 21 Sep, 2020 06:20pm

Europe

British PM Johnson to make statement to parliament on Tuesday

Boris Johnson will make a statement in the lower house of parliament on Tuesday, the leader of the House of Commons said on Monday.

Published 21 Sep, 2020 05:57pm

USA

Trump says he will announce US Supreme Court nominee Friday or Saturday

Trump said a vote on his Supreme Court nominee should come before the Nov. 3 election.

Published 21 Sep, 2020 05:55pm

Commodities

Arabica coffee extends losses after biggest weekly fall in 22 years

ICE speculators increased their bullish bet in arabica by 2,440 contracts to a total net long position of 35,532 contracts in the week to Sept. 15, data showed.

Published 21 Sep, 2020 05:50pm

Pakistan

Three more died, 296 infected with COVID-19 in Sindh: CM

The CM said that 15211 samples were tested against which 296 cases were detected that constituted 1.96 percent current detection rate.

Published 21 Sep, 2020 05:46pm

Pakistan

SBP keeps policy rate unchanged at 7pc

“The State Bank of Pakistan’s MonetaryPolicy Committee met today under the chairmanship of Governor #SBP Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent,”

Published 21 Sep, 2020 05:44pm

BSEK declares SSC Part II Science Group results 2020

Only 445 candidates, who had not appeared in all the papers of their SSC Part I examination 2019, could not benefit from the promotion policy

Published 21 Sep, 2020 05:38pm

Pakistan

Opposition's APC gathering of corrupts, looters: Murad Saeed

The minister said Pakistan was included in the Financial Action Task Force (FATF) gray list during the Pakistan Muslim League Nawaz (PML-N) government.

Published 21 Sep, 2020 05:41pm

Pakistan

Mobile phone imports increase 87.37pc during July-August 2020

The mobile imports during August 2020 were recorded at US $158.384 million against the imports of US $85.224 million in August 2019.

Published 21 Sep, 2020 05:38pm

Pakistan

633 new Coronavirus cases reported; four deaths in past 24 hours

Around 292,869 people have recovered from the disease so far across Pakistan making it a significant count with over 90 percent recovery ratio of the affected patients.

Published 21 Sep, 2020 05:36pm

Pakistan

Car sale, production fell by 0.42pc, 42.97pc respectively during July-August 2020

The production of Toyota Corolla decline from 5,308 units to 2,397 units, showing decreased of 54.84 percent, it added.

Published 21 Sep, 2020 05:34pm

Pakistan

Pakistan endeavoring to maintain peace in South Asia: Shehryar Afridi

The day celebrated worldwide on September 21 every year to uphold the values of peaceful coexistence and also to acknowledge the efforts of those working to promote peace.

Published 21 Sep, 2020 05:22pm

Currency

SBP maintains interest rates at 7pc as business confidence, outlook for growth improves

The MPC of the SBP has kept the interest rates unchanged for the two months.
The MPC noted that compared to the time of the last meeting in June 2020, business confidence and the outlook for growth have improved.

Published 21 Sep, 2020 05:14pm

Sports

Barca force Suarez out: Uruguayan agrees contract termination

The 33-year-old is likely to move to Atletico Madrid despite Juventus interest.

Updated 21 Sep, 2020 05:28pm

Pakistan

Respect for each other's belief essential for achieving world peace: Gandapur

Pakistan has always called for dialogue and peaceful means to resolve world issues and its role for lasting peace in Afghanistan was being appreciated across the globe.

Published 21 Sep, 2020 05:20pm

Cotton

Exports increase 1pc to Rs599bn in two months

The exports in August 2020 were recorded at Rs. 265,605 million as against the exports of Rs. 293,718 during August, 2019.

Published 21 Sep, 2020 05:18pm

Pakistan

Around 3.5 lakh children to inoculate against polio in Islamabad

Despite the shortage of funds the corporation was trying to carry out its operation in smooth way to facilitate the federal capital dwellers within available resources, he added.

Published 21 Sep, 2020 05:16pm

Exchange

Rupee loses 46 paisas against dollar

The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 45 paisas and closed at Rs. 196.18 against the last day’s trading of Rs. 196.63.

Published 21 Sep, 2020 05:12pm

Pakistan

SMEDA to organize help desk on ‘How to Obtain Financing from Banks for SMEs’

The session would be attended by small business owners and their staff, potential entrepreneurs, students, business professionals and all those desirous of improving knowledge on the subject.

Published 21 Sep, 2020 05:09pm

Commodities

CBOT wheat faces resistance at $5.77-1/4

The resistance is identified as the 61.8pc projection level of an upward wave (c) from $5.33-1/4.

Published 21 Sep, 2020 05:05pm

Stocks

S.Korea stocks dip as global virus concerns offset domestic export boost

The benchmark KOSPI closed down 23.01 points, or 0.95pc, at 2,389.39, snapping a 0.26pc gain in the previous session.

Published 21 Sep, 2020 05:03pm

Forex

South Africa's rand firms again after stalled rally

At 0645 GMT the rand was 0.14% firmer at 16.3125 per dollar compared to a close of 16.3350 on Friday in New York.

Published 21 Sep, 2020 05:01pm

Europe

Russia's new coronavirus cases at highest since July 18

Authorities also reported 71 deaths in the last 24 hours, bringing the official death toll to 19,489.

Published 21 Sep, 2020 04:59pm

Stocks

Australia shares end at near 3-month low as banks, miners slump

The benchmark indexes in both Australia and New Zealand ended in the red for a third straight day, with Sydney's ASX 200 down 0.7pc and Wellington's NZX 50 closing 0.8pc lower.

Published 21 Sep, 2020 04:57pm

Commodities

Saudi Arabia's SAGO buys 540,000 tonnes of barley

The barley had been sought from global suppliers for arrival in Saudi Arabia during November and December.

Published 21 Sep, 2020 04:56pm

Money & Banking

Bank Alfalah Islamic grabs two awards at GIFA

Bank Alfalah Islamic received the ‘Most Innovative Islamic Banking Window 2020’ and ‘Best Islamic Savings Product 2020’ awards at the prestigious Global Islamic Finance Awards (GIFA).

Updated 21 Sep, 2020 04:56pm

Stocks

China shares end lower as key lending rate kept steady for 5th month

China kept its benchmark lending rate for corporate and household loans, the loan prime rate (LPR), steady for a fifth straight month, as expected.

Updated 21 Sep, 2020 04:56pm

Exchange

Copper hits over 2-year high on Chinese demand recovery

The most-traded copper contract on the Shanghai Futures Exchange finished up 0.3pc at 52,160 yuan ($7,710.39) a tonne.

Published 21 Sep, 2020 04:09pm

Forex

Rouble slips as falling oil prices outweigh demand for EM currencies

A global increase in coronavirus cases also added to worries about global oil demand, but a tropical storm heading for the Gulf of Mexico limited losses.

Published 21 Sep, 2020 04:05pm

Currency

Yen hits six-month high against subdued dollar, Fed in focus

In early deals in London, the yen hit 104.065 against the dollar, gaining as much as half a percent. That was its highest level since March 12.

Published 21 Sep, 2020 04:02pm

Business & Finance

Rolls-Royce shares hit 2004 low over mooted $3bn equity raise

The company has a plan to sell assets to try to raise at least 2 billion pounds and said it is also looking at new debt options.

Published 21 Sep, 2020 04:00pm

South Asia

Philippines confirms 3,475 more novel coronavirus cases, 15 deaths

In a bulletin, the ministry said total confirmed cases had increased to 290,190, still the most in Southeast Asia, while confirmed deaths had reached 4,999.

Published 21 Sep, 2020 03:58pm

Money & Banking

Norway rates seen on hold at zero, but outlook may change

The 33 participants in the poll were unanimous in predicting no change in rates when the outcome is announced on Sept. 24, in line with the central bank's stated view.

Published 21 Sep, 2020 03:55pm

Stocks

Most Gulf markets little changed in quiet early trade

Saudi Arabian benchmark index rose 0.2pc, with petrochemical maker Saudi Basic Industries Corp rising 0.7pc and oil giant Saudi Aramco 0.3pc.

Published 21 Sep, 2020 03:53pm

Forex

Sterling edges lower amid second national lockdown threat

The pound was down 0.3pc against the dollar at $1.2876 by 0805 GMT and down 0.15pc versus the euro at 0.9182.

Published 21 Sep, 2020 03:49pm

Commodities

LME aluminium may test resistance at $1,811

The resistance is identified as the 138.2pc projection level of an upward wave C from $1,562.

Published 21 Sep, 2020 03:47pm

Stocks

European shares fall to 2-week lows as COVID-19 cases rise

European indexes opened lower, with the pan-European STOXX 600 down 1.7pc, at its lowest in nearly two weeks.

Published 21 Sep, 2020 03:45pm

Asia

India's Taj Mahal gets first visitors as coronavirus infections climb

Aditya Diksha, one of the early visitors at the Taj, said he and his friends drove 12 hours from central India and stopped in Agra on their way to the mountains in the north.

Published 21 Sep, 2020 03:43pm

Currency

Gold dips as dollar regains ground, all eyes on Fed speakers

The dollar index bounced up 0.1pc against its rivals, making gold more expensive for holders of other currencies.

Published 21 Sep, 2020 03:40pm

Stocks

Lockdown worries knock European stocks, banks hit by reports of illicit money flows

The pan-European STOXX 600 slumped 2.2pc, further distancing itself from a one-month closing high hit last week, with Britain's banking-heavy FTSE 100 down 2.7pc.

Published 21 Sep, 2020 03:35pm

Govt will not bow down to any pressure, accountability process to continue, says PM

Imran says all state institutions are on the same page and the government will not succumb to any pressure and will continue to expose corrupt mafia

Published 21 Sep, 2020 03:24pm

Sports

Zimbabwe name 25–member training squad for Pakistan tour

The team is expected to arrive in Pakistan on October 20.

Published 21 Sep, 2020 03:22pm

Stocks

Hong Kong shares slump as banks reel from illicit fund movement reports

The sub-index of the Hang Seng tracking the financial sector ended 2.14pc lower.

Published 21 Sep, 2020 03:32pm

Exchange

FinCEN Files: Pakistan's Altaf Khanani got huge sums from account in Danske Bank

As per the documents, Altaf Khanani, who was arrested by the US Authorities back in 2015 exchanged large and suspicious sums for accounts in Denmark’s bank namely Danske Bank's branch in Estonia through one of his central companies.

Updated 21 Sep, 2020 03:33pm

Europe

UK action against COVID-19 will be different to last time: minister

Any steps taken by the British government to tackle the rise in coronavirus cases will be different to the last time, health minister Matt Hancock said on Monday.

Published 21 Sep, 2020 03:29pm

Energy

UK GAS-Prices rise on lower Norwegian exports, lower wind power

Peak wind power generation is forecast at 2.7 gigawatts (GW) on Monday, rising to 9.5 GW on Tuesday, National Grid data showed.

Published 21 Sep, 2020 03:28pm

Money & Banking

Thai central bank to hold key rate at record low as policy room limited

The government meanwhile has planned a 1 trillion baht ($32 billion) virus response package.

Published 21 Sep, 2020 03:26pm

Forex

Uganda shilling stable, investor flows may lend support

At 0901GMT commercial banks quoted the shilling at 3,686/3,696, same level as Friday's close.

Published 21 Sep, 2020 03:24pm

Europe

UK ponders second COVID-19 lockdown as outbreak accelerates

Health Secretary Matt Hancock said the restrictions would be different to last time: the government wants to crack down on socialising but schools and many workplaces will stay open.

Published 21 Sep, 2020 03:19pm

Sports

Arrizabalaga made costly mistake but needs support, says Lampard

Spaniard made a massive error in Sunday's 2-0 defeat by Liverpool in the Premier League.

Updated 21 Sep, 2020 03:22pm

Stocks

HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows

StanChart dropped as much as 4.6pc in London to its lowest since 1998, against the backdrop of a broader selloff in the market with the STOXX European banks index down 4.8pc.

Published 21 Sep, 2020 03:17pm

Several feared trapped as factory building collpases in Sher Shah

As per initial reports, the part of the building that caved in consisted of four departments and a number of employees were present in it when the incident occurred

Updated 21 Sep, 2020 03:19pm

Energy

Oil prices slip on potential Libyan output return, storm supports

Brent crude was down 78 cents at $42.37 a barrel by 0909 GMT, set for its biggest daily drop in two weeks. US crude fell 84 cents to $40.27 a barrel.

Published 21 Sep, 2020 03:10pm

World

Nearly 80pc displaced people have lost job, income due to virus

A record 79.5 million people worldwide, or 1pc of humanity, were displaced at the end of 2019 after fleeing wars or persecution, according to the United Nations.

Published 21 Sep, 2020 03:08pm

Europe

COVID rules for pubs to change soon, UK minister says

Asked whether pubs would open at the weekend, Hancock said: "We'll be absolutely clear about changes that we need to make in the very, very near future.

Published 21 Sep, 2020 03:07pm

Commodities

Russian wheat prices up sharply on strong demand, higher global benchmarks

Sovecon, another Moscow consultancy, pegged wheat up $6 at $228 a tonne at the end of last week and barley up $3 at $192 a tonne.

Published 21 Sep, 2020 03:05pm

Europe

Turkey will keep supporting Libya's GNA despite Sarraj plan to quit

"These accords will not be impacted by this political period because these are decisions made by the government, not by any individual," Kalin told Demiroren News Agency.

Published 21 Sep, 2020 03:01pm

Forex

Turkish lira at new low, central bank seen sticking to playbook

That could help protect the lira - which has tumbled 22pc this year and lost half its value since the end of 2017 - from a more dramatic fall.

Published 21 Sep, 2020 02:56pm

Sports

Premier League talking points

Liverpool secure their second victory, James on score sheet for Everton and Arrizabalaga’s struggle continues on game day-two.

Updated 21 Sep, 2020 02:52pm

Sports

Pirlo not out to copy anyone after comfortable opening win

Italian manager has cited Pep Guardiola, Carlo Ancelotti and Antonio Conte as his biggest influences.

Published 21 Sep, 2020 02:20pm

Life & Style

Schitt’s Creek and Succession dominate Emmy Awards

Zendaya, 24, became the youngest lead drama actress winner for her role as a troubled teenager in Euphoria.

Published 21 Sep, 2020 02:09pm

Sports

Guardiola says he must prove he deserves Man City extension

49-year-old Catalan signed a contract extension to remain at the Etihad until 2021.

Published 21 Sep, 2020 02:09pm

Money & Banking

FinCEN Files: Leaked documents reveal how world’s major banks laundered billions of dollars

The reports were based on the leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

Published 21 Sep, 2020 01:59pm

Sports

A good week's work for Klopp as Liverpool hit stride

The Reds managed to secure 2-0 victory over Chelsea in game day-two clash.

Published 21 Sep, 2020 02:08pm

KESP shareholders threaten to move London court

ISLAMABAD: The shareholders of KES Power Limited (KESP) or K-Electric have threatened to knock the doors of London...

Updated 21 Sep, 2020 12:58pm

Technology

Google bringing major update on Drive

Prior to this update, files in the Google Drive trash were not deleted until you delete them yourself.

Published 21 Sep, 2020 12:22pm

OIC calls on UN to urge India to halt its human rights violations in IoK

The group said that India should urged to implement the UN Security Council resolutions.

Published 21 Sep, 2020 11:37am

Business & Finance

Fawad Chaudhry criticize FBR ‘absurd’ formula regarding tax

“FBR formula is absurd tax credit should go to the district where factories are established," says Fawad.

Published 21 Sep, 2020 11:16am

Pakistan

Government reacts to oppositions' APC, demand for PM's resignation

Information and Broadcasting Minister Senator Shibli Faraz termed the meeting a 'flimsy attempt to put pressure on the government to back off on accountability'.

Updated 21 Sep, 2020 11:01am

Companies

China's ByteDance says TikTok will be its subsidiary under deal with Trump

The current plan for TikTok Global does not involve any transfer of algorithms or technologies, and Oracle will be able to inspect TikTok U.S.’s source code, ByteDance said.

Published 21 Sep, 2020 10:49am

Money & Banking

State Bank to announce MPS today

Economists are expecting that the interest rate is likely to remain unchanged at 7 percent for the next two months.

Published 21 Sep, 2020 10:31am

Commodities

Oil prices steady as third storm in month takes aims at U.S.

Brent crude was up 9 cents, or 0.2%, at $43.24 a barrel by 0230 GMT, while U.S. crude was up 10 cents, or 0.2%, to $42.21 a barrel.

Published 21 Sep, 2020 10:25am

Business & Finance

Sunak to extend business support loans - FT

Sunak is expected to unveil plans to extend its four loan schemes for applications until the end of November, with banks allowed to process loans until the end of the year, the newspaper said.

Published 21 Sep, 2020 10:23am

Stocks

Asian shares cling to tight ranges as attention shifts to U.S. election, stimulus

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.1% weaker, though it was not too far from a June 2018 peak at 568.84.

Published 21 Sep, 2020 10:19am

Industry

China rolls out fresh policies to boost hydrogen vehicle sales

China is also the world’s largest market for new energy vehicles (NEVs), which include battery electric vehicles as well as plug-in hybrid and hydrogen fuel cell vehicles.

Published 21 Sep, 2020 10:15am

Commodities

Oil refiners worldwide struggle with weak demand, inventory glut

Refiners cut output by as much as 35% in spring as coronavirus lockdowns destroyed the need for travel.

Published 21 Sep, 2020 10:13am

Perspectives

Can Pakistan introduce public hangings and castration for rape and sexual crimes?

Adopting such laws is complicated and may expose Pakistan to further problems on the international front.

Published 21 Sep, 2020 09:56am

Currency

Wheat: Open the floodgates

The shipments have finally arrived! After nearly yearlong wheat and flour shortfall, rollercoaster ride of wholesale...

Published 21 Sep, 2020 08:46am

BR Research

Exports dwindle

The V-shape did not last long. Exports in August 2020 were down 15 percent year-on-year and 21 percent...

Published 21 Sep, 2020 08:42am

Cotton

LSM: recovery not broad based yet

Pakistan’s Large-Scale Manufacturing (LSM) seems to be on a path of recovery. The worst clearly seems to be over...

Published 21 Sep, 2020 08:26am

BR Research

DGKC: Work in progress

With a loss of Rs2.2 billion, DG Khan Cement (PSX: DGKC) join the ranks of its peers in the industry that were in...

Published 21 Sep, 2020 08:20am

BR Research

Interview with Mohammad Sarhan, Emirates Vice President Pakistan

Health and safety of customers our top priority Mohammad Sarhan is the Vice President Pakistan for Emirates ...

Published 21 Sep, 2020 08:17am

World

Spinning clock in New York counts down time until climate devastation

NEW YORK: Climate campaigners unveiled a huge countdown clock on Saturday, showing how little time is left before...

Updated 21 Sep, 2020 04:02am

Pakistan

KMC begins makeover of historical buildings, parks

KARACHI: Karachi Metropolitan Corporation (KMC) has initiated renovation work of historical buildings and parks...

Updated 21 Sep, 2020 04:01am

Pakistan

Police trace two diplomats forgetting way during hiking

ISLAMABAD: The police successfully traced two foreign diplomats who lost their way during hiking at Margallah way...

Updated 21 Sep, 2020 04:00am

Pakistan

Alvi lauds billionaire Feeney for his charity

ISLAMABAD: President Dr Arif Alvi on Sunday lauded Chuck Feeney, an Irish-American business tycoon, who had given...

Updated 21 Sep, 2020 03:59am

Pakistan

Rain victims need relief in Mirpurkhas

HYDERABAD: The heavy rainfall has left sever impact on the lives of the thousands of local inhabitants of Mirpurkhas...

Updated 21 Sep, 2020 03:58am

Pakistan

Anti-polio drive: 40 million children to be vaccinated nationwide

ISLAMABAD: A five-day nationwide polio campaign will kick off from Monday with the aim of reaching 40 million...

Updated 21 Sep, 2020 03:58am

Exchange

PTI should table South Punjab province bill in Parliament: governor

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar has said that the Pakistan Tehreek-e-Insaf (PTI) government should...

Updated 21 Sep, 2020 03:58am

Pakistan

Covid-19: Sindh reports 321 new cases, one death

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that one more patient died lifting the death toll to ...

Updated 21 Sep, 2020 03:58am

Pakistan

Anti-polio campaign finalised in Karachi

KARACHI: All necessary arrangements have been finalized for seven days anti-polio campaign in the metropolis, which...

Updated 21 Sep, 2020 03:57am

Pakistan

PTI will complete constitutional period: NA speaker

PESHAWAR: Speaker National Assembly, Asad Qaiser has said that the PTI government will not only complete its...

Updated 21 Sep, 2020 03:57am

Life & Style

Aaj TV - Monday's Program 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 21 Sep, 2020 03:56am

Assignment visa for Indian diplomat: FO rejects Indian media's reports

ISLAMABAD: Foreign Office Sunday termed the Indian media misleading reports regarding assignment visa for senior...

Updated 21 Sep, 2020 03:56am

Hoshab-Awaran-Khuzdar: NHA invites bids for construction of motorway

ISLAMABAD: The National Highway Authority (NHA) has invited bids for the construction of Hoshab-Awaran-Khuzdar...

Updated 21 Sep, 2020 03:55am

'PDM' demands PM's resignation

ISLAMABAD: Putting the option of resignations from the assemblies and no-confidence motion against Prime Minister...

Updated 21 Sep, 2020 03:54am

Nawaz's speech 'exposes' his illness: Shibli

ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz Sunday said the live speech of PML-N ...

Updated 21 Sep, 2020 03:54am

Opinion

Sudden Supreme Court vacancy a new 'wild card' in US presidential race

The death of Supreme Court Justice Ruth Bader Ginsburg has injected a volatile new element into the last stretch of ...

Updated 21 Sep, 2020 03:54am

US to slap sanctions on over two dozen targets tied to Iran arms

WASHINGTON: The United States on Monday will sanction more than two dozen people and entities involved in Iran's...

Updated 21 Sep, 2020 03:54am

Letters

The challenge of reopening

The Sindh government has decided not to reopen schools for sixth, seventh and eighth graders due to possible spread...

Updated 21 Sep, 2020 03:53am

US race heats up as Trump seeks quick court replacement

WASHINGTON: The race for the White House heated up Sunday with both sides galvanized by the battle to nominate a new...

Updated 21 Sep, 2020 03:53am

PPP leaders vow to restore 'real' democracy

ISLAMABAD: Pakistan People's Party (PPP) leadership said that prosperity of the country is based on democracy and...

Updated 21 Sep, 2020 03:52am

Mutual Funds

Targeted financial sanctions: RPs directed to ensure implementation

ISLAMABAD: The Secur-ities and Exchange Commission of Pakistan (SECP) has directed the securities brokers, futures...

Updated 21 Sep, 2020 03:50am

Exchange

China's ByteDance gets Trump nod to avoid TikTok shutdown

WASHINGTON/NEW YORK: US President Donald Trump said on Saturday he supported a deal in principle that would allow...

Updated 21 Sep, 2020 03:50am

Taliban demand 'elite religious council' to select national leader

KABUL: The Taliban militant group on Sunday demanded the creation of an "elite religious council" to replace...

Updated 21 Sep, 2020 03:50am

Exclusivity of K-Electric: Nepra all set to take decisions today

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is all set to decide on termination or otherwise of...

Updated 21 Sep, 2020 03:50am

PSM subsidiary company may be established

ISLAMABAD: The government is likely to establish a subsidiary company of Pakistan Steel Mills (PSM) to transfer its...

Updated 21 Sep, 2020 03:49am

Currency

Nawaz hits out at 'establishment'

ISLAMABAD: Former Prime Minister and Pakistan Muslim League-Nawaz (PML-N) Quaid Nawaz Sharif has finally broke his...

Updated 21 Sep, 2020 03:48am

Business & Finance

India to loan virus-hit Maldives $250 million

MALÉ, (Maldives): India on Sunday announced a $250 million loan to the Maldives to boost its coronavirus-battered...