BR100 Increased By (0.02%)
BR30 Increased By (0.06%)
KSE100 Decreased By (-0%)
KSE30 Increased By (0.05%)
BECO 5.52 Decreased By ▼ -0.02 (-0.36%)
BML 56.70 Decreased By ▼ -0.39 (-0.68%)
BOP 35.20 Decreased By ▼ -0.01 (-0.03%)
CNERGY 8.15 Decreased By ▼ -0.05 (-0.61%)
DCL 11.61 Decreased By ▼ -0.03 (-0.26%)
FCCL 56.61 Increased By ▲ 0.12 (0.21%)
FCSC 5.38 Increased By ▲ 0.06 (1.13%)
FFL 17.95 Decreased By ▼ -0.11 (-0.61%)
FNEL 1.29 No Change ▼ 0.00 (0%)
HUMNL 11.10 Decreased By ▼ -0.09 (-0.8%)
KEL 8.39 Increased By ▲ 0.19 (2.32%)
KOSM 6.63 Decreased By ▼ -0.04 (-0.6%)
MLCF 101.06 Increased By ▲ 0.30 (0.3%)
NBP 202.44 Decreased By ▼ -0.56 (-0.28%)
PACE 11.42 Decreased By ▼ -0.07 (-0.61%)
PAEL 43.32 Increased By ▲ 0.24 (0.56%)
PIAHCLA 27.24 Increased By ▲ 0.24 (0.89%)
PIBTL 17.82 Decreased By ▼ -0.02 (-0.11%)
PPL 244.79 Increased By ▲ 2.16 (0.89%)
PRL 35.71 Decreased By ▼ -0.16 (-0.45%)
PTC 65.45 Decreased By ▼ -0.40 (-0.61%)
SEARL 93.55 Decreased By ▼ -0.03 (-0.03%)
SSGC 32.98 Increased By ▲ 0.75 (2.33%)
TELE 9.04 Decreased By ▼ -0.07 (-0.77%)
THCCL 66.80 Increased By ▲ 0.31 (0.47%)
TPLP 10.85 Decreased By ▼ -0.10 (-0.91%)
TREET 25.48 Decreased By ▼ -0.24 (-0.93%)
TRG 65.90 Decreased By ▼ -0.05 (-0.08%)
WAVES 11.13 Decreased By ▼ -0.03 (-0.27%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
Archive - 2021-01-20
'This is democracy's day': Biden
USA

'This is democracy's day': Biden

  • "This is America's day, this is democracy's day. A day of history and hope," he said on the steps of the US Capitol after his swearing-in.
Published 20 Jan, 2021 11:28pm
Libyan energy revenue dropped 92pc last year
Energy

Libyan energy revenue dropped 92pc last year

  • The Central Bank of Libya (CBL), based in the capital Tripoli, said revenue in 2020 was 2.9 billion dinars ($652 million), down from 31.4 billion dinars in 2019.
  • Oil output and exports fall under the National Oil Corporation (NOC), which is also based in Tripoli, but which disputes CBL revenue figures.
Published 20 Jan, 2021 09:48pm
Bank of Canada says medium term outlook brighter, risks remain
Money & Banking

Bank of Canada says medium term outlook brighter, risks remain

  • The central bank, outlining its quarterly economic forecasts, said that despite the stronger outlook it does not expect inflation to return sustainably to target until 2023.
  • The medium-term outlook is stronger than in the October Report because of the positive effects from vaccines, greater fiscal stimulus, stronger foreign demand and higher commodity prices.
Published 20 Jan, 2021 09:44pm
TSX gains boosted by energy, material shares
Stocks

TSX gains boosted by energy, material shares

  • The energy sector climbed 1.1% as US crude prices were up 1.3% a barrel, while Brent crude added 1.1%.
  • Toronto Stock Exchange's S&P/TSX composite index was up 43.62 points, or 0.24%, at 18,000.99.
Published 20 Jan, 2021 09:41pm
Canadian home prices rise again in December
USA

Canadian home prices rise again in December

  • Prices rose 1.3% in Victoria, 1.2% in Halifax and 1.2% in the national capital region of Ottawa-Gatineau. The index was down 1.1% in Quebec City.
  • On an annual basis, the index was up 9.4% in December, the fifth consecutive acceleration and the strongest 12-month gain since November 2017.
Published 20 Jan, 2021 09:30pm
Ukraine in talks with India on COVID-19 vaccine supply
Companies

Ukraine in talks with India on COVID-19 vaccine supply

  • Negotiations are underway with an Indian manufacturer, Serum Institute, which can produce the American Novovax vaccine and has the ability to produce the AstraZeneca vaccine at the moment.
  • India will initially only ship the AstraZeneca vaccine, made by The Serum Institute,
Published 20 Jan, 2021 08:47pm
Abu Dhabi's Etihad to resume Qatar flights next month
Companies

Abu Dhabi's Etihad to resume Qatar flights next month

  • Flights between the UAE and Qatar, both major air transport hubs, had been suspended since mid-2017 when the UAE, Saudi Arabia, Bahrain and Egypt.
  • Etihad, owned by the government of Abu Dhabi, said daily flights to the Qatari capital would resume from Feb. 15.
Published 20 Jan, 2021 08:44pm
Morgan Stanley profit races past estimates as trading shines
Money & Banking

Morgan Stanley profit races past estimates as trading shines

  • High trading volumes during the quarter, stemming from the US elections and the release of coronavirus vaccines.
  • Morgan Stanley's equity underwriting revenue soared 81% from a year earlier, driven by high profile IPOs and follow-on offerings as clients continued to access capital markets.
Published 20 Jan, 2021 08:40pm
Djokovic hits back at criticism over Australian Open quarantine stance
Sports

Djokovic hits back at criticism over Australian Open quarantine stance

  • Djokovic reportedly asked for reduced isolation periods and having players in hard quarantine moved to "private houses with tennis courts", drawing a backlash from Australians.
  • My good intentions for my fellow competitors in Melbourne have been misconstrued as being selfish, difficult and ungrateful.
Published 20 Jan, 2021 08:37pm
TIM board meeting could set CEO on road to new deal
Companies

TIM board meeting could set CEO on road to new deal

  • TIM is expected to pick a headhunter to help with the board's selection process and advisory firm Egon Zehnder is in pole position for the role.
  • The idea is that the board could put forward its own list and Gubitosi's name would be on it.
Published 20 Jan, 2021 08:35pm
Value of West Africa's BRVM bourse rises 15pc in 2020
Stocks

Value of West Africa's BRVM bourse rises 15pc in 2020

  • The Abidjan-based exchange trades shares of 46 companies, including Senegalese telecoms company Sonatel, Burkina Faso's main telecoms operator Onatel.
  • Investors were quite active on our market despite the COVID-19 crisis.
Published 20 Jan, 2021 08:04pm
Canada annual inflation rate slows to 0.7pc in December
USA

Canada annual inflation rate slows to 0.7pc in December

  • Headline inflation was below analyst expectations for inflation to remain at November's 1.0% rate. Consumer prices fell 0.2% on the month.
  • The Canadian dollar was trading 0.3% higher at 1.2692 to the greenback, or 78.79 US cents as investors bet on hefty US fiscal stimulus.
Published 20 Jan, 2021 08:02pm
Explosion heard in central Madrid
Europe

Explosion heard in central Madrid

  • La Sexta TV quoted government sources saying it may have been a gas leak.
  • Smoke plume was observed in the neighborhood after the blast, the witnesses reported.
Updated 20 Jan, 2021 07:41pm
Kenya to save 27bn shilling from China debt service suspension deal
Financial

Kenya to save 27bn shilling from China debt service suspension deal

  • The East African nation won a debt repayments relief agreement with the Paris Club of international lenders last week, and is looking for deals with non-Paris Club bilateral creditors like China.
  • We are now not going to pay immediately, but we are going to pay in the future.
Published 20 Jan, 2021 07:11pm
Trump ends tumultuous term under cloud, faces uncertain future
USA

Trump ends tumultuous term under cloud, faces uncertain future

Trump, 74, will bid farewell to the White House hours before President-elect Joe Biden is inaugurated. Trump and his wife, Melania departed the South Lawn on the Marine One helicopter for Joint Base Andrews in suburban Maryland, where he presided over a military-style sendoff before boarding Air Force One one last time to fly to Florida.
Updated 20 Jan, 2021 07:00pm
China steps up COVID-19 vaccine drive ahead of Lunar New Year
South Asia

China steps up COVID-19 vaccine drive ahead of Lunar New Year

  • "They wouldn't roll out something that could backfire on them," he said. "I feel like there's too many eyeballs on this for the Chinese to not be relatively sure."
  • China is stepping up its vaccinations as several countries including Brazil, Indonesia and Turkey begin mass vaccination programmes using its vaccines.
Published 20 Jan, 2021 06:44pm
Greece optimistic over talks with Turkey but won't discuss sovereignty
Europe

Greece optimistic over talks with Turkey but won't discuss sovereignty

  • Mitsotakis was speaking ahead of a parliamentary vote on a bill extending Greece's western territorial waters to 12 nautical miles from six currently.
  • "We will attend with optimism, self-confidence," Mitsotakis said, but there would be "zero naivety" from Athens about the talks.
Published 20 Jan, 2021 06:41pm
Biden's Secretary of Defense nominee lays out military cooperation strategy for Pakistan
USA

Biden's Secretary of Defense nominee lays out military cooperation strategy for Pakistan

  • In his confirmation meeting with the Senate Armed Services Committee, Lloyd J. Austin, President Biden's nominee for Secretary of Defense, laid out the new administration's international cooperative strategy across the global sphere, including Pakistan.
  • Austin mentioned that "Pakistan will play an important role in the political settlement in Afghanistan", adding that he would "focus on our shared interests which include training future Pakistani military leaders".
Updated 20 Jan, 2021 06:41pm
Russian rouble edges up on US stimulus hopes, rising oil
Forex

Russian rouble edges up on US stimulus hopes, rising oil

  • The rouble had pared early gains and was 0.2% stronger against the dollar at 73.57. It had gained 0.2% to trade at 89.12 versus the euro.
  • Yellen, at her confirmation hearing on Tuesday, said the benefits of a big stimulus package were greater than the expense of a higher debt burden.
Published 20 Jan, 2021 06:32pm
NA, Senate sessions summoned on Friday
Pakistan

NA, Senate sessions summoned on Friday

  • Prime Minister Imran Khan has already been consulted in this regard, says Dr Babar Awan.
  • The PM advisor said that instructions were also sought from the National Command and Operation Centre (NCOC) before convening the sessions.
Updated 20 Jan, 2021 06:33pm
Acting AG Rosen stepping down as Trump administration ends
USA

Acting AG Rosen stepping down as Trump administration ends

  • Rosen, 62, a former deputy transportation secretary under President Donald Trump who was sworn in as deputy attorney general in May 2019.
  • Rosen told Reuters at the time he would continue "to do things on the merits and to do things on the basis of the law and the facts."
Published 20 Jan, 2021 06:21pm
Need to find proper replacements: Younis Khan
Sports

Need to find proper replacements: Younis Khan

  • “We should not rely on Babar Azam alone. We need to have proper replacements,” said Khan.
  • Leading runs getter for Pakistan in Test cricket stressed that Pakistan need to take advantage of the home condition against South Africa.
Updated 20 Jan, 2021 06:18pm
Pakistan successfully test-fires Shaheen-III missile
Pakistan

Pakistan successfully test-fires Shaheen-III missile

  • The missile is capable of carrying nuclear and conventional warheads to a range of 2,750 kilometers.
  • The test flight was aimed at revalidating various design and technical parameters of the weapon system, said military’s media win.
Published 20 Jan, 2021 05:49pm
Russia files Sputnik V vaccine registration in Europe
Europe

Russia files Sputnik V vaccine registration in Europe

  • Russia's sovereign wealth fund RDIF has filed for registration of the Sputnik V COVID-19 vaccine in the European Union and expects it to be reviewed in February.
  • The Sputnik V vaccine has been approved in Argentina, Belarus, Serbia and several other countries.
Published 20 Jan, 2021 05:50pm
UK will submit request to join CPTPP trading bloc soon
Europe

UK will submit request to join CPTPP trading bloc soon

  • We will shortly submit our formal request to join this free trade area.
  • The CPTPP is a trade agreement that removes most tariffs between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Published 20 Jan, 2021 05:48pm
Govt announces civil services reforms to improve governance
Pakistan

Govt announces civil services reforms to improve governance

  • He said that government has introduced reforms in promotion, premature retirement, efficiency and discipline, appointment in MP scale, rotation; and strength of Pakistan Administrative Service.
  • The promotion of an official facing a reference will be deferred, said the minister.
Updated 20 Jan, 2021 05:49pm
Biden to assume U.S. presidency amid deep divisions, raging pandemic
USA

Biden to assume U.S. presidency amid deep divisions, raging pandemic

  • Democrat Joe Biden will be sworn in as the 46th president of the United States on Wednesday, assuming the helm of a country beset by deep political divides and battered by a raging coronavirus pandemic.
  • Biden, 78, will become the oldest U.S. president in history at a scaled-back ceremony in Washington that has been largely stripped of its usual pomp and circumstance.
Published 20 Jan, 2021 03:51pm
EU's Michel calls on Biden to form new transatlantic pact
Europe

EU's Michel calls on Biden to form new transatlantic pact

  • "Today is more than a transition. Today is an opportunity to rejuvenate our transatlantic relationship, which has greatly suffered in the last four years. In these years, the world has grown more complex, less stable and less predictable".
Published 20 Jan, 2021 03:17pm
UK stocks edge higher as miners, Burberry shine
Stocks

UK stocks edge higher as miners, Burberry shine

  • Burberry jumped 3.5% as underlying sales fell 9% in the three months ended December, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia-Pacific stores.
Published 20 Jan, 2021 03:11pm
Iran's Rouhani says "ball in U.S. court" over nuclear dispute
Middle East

Iran's Rouhani says "ball in U.S. court" over nuclear dispute

  • Iranian President Hassan Rouhani urged the incoming U.S. administration on Wednesday to return to a 2015 nuclear agreement and lift sanctions on Tehran, while welcoming the end of “tyrant” President Donald Trump’s era.
  • U.S. President-elect Joe Biden, who takes office on Wednesday, has said the United States will rejoin the pact, which includes restrictions on Iran’s nuclear work, if Tehran resumes strict compliance.
Published 20 Jan, 2021 02:08pm
Dollar slips as US stimulus hopes lift mood
Forex

Dollar slips as US stimulus hopes lift mood

  • The Chinese yuan clung to modest gains in offshore trade at 6.4757 to the dollar ahead of a monthly interest rate fixing where traders expect no change in either one-year or five-year loan prime rates.
Published 20 Jan, 2021 12:25pm
Brent oil may gain more to $56.65
Energy

Brent oil may gain more to $56.65

  • A break above $56.65 could signal the resumption of the uptrend, while a failure could be followed by a drop towards the Jan. 18 low of $54.49.
Published 20 Jan, 2021 12:14pm
Aussie, kiwi up
Money & Banking

Aussie, kiwi up

SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firmer on Tuesday, as investor sentiment turned...
Updated 20 Jan, 2021 11:07am