News Archives for Latest - 2021-01-27

Sports

Cricket world praise Fawad Alam’s brilliance in Karachi Test

Azhar Ali and Fawad Alam showed great resilience and bought Pakistan back in the game.
He scored 109 with the help of nine boundaries and two maximums.

Updated 28 Jan, 2021 05:26pm

Pakistan

FM greets UK support for economic development of Pakistan

British High Commissioner Christian Turner called on the Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Sheikh, at the Finance Division.

Published 27 Jan, 2021 11:43pm

Pakistan

Opposition asked to observe Kashmir Solidarity Day beyond personal gains

He said India has been exposed in all the forums of the world and Kashmiris and other minorities had observed Indian so-called Republic Day as a black day.

Published 27 Jan, 2021 11:41pm

Pakistan

Senate body discusses strategy to tackle challenges being faced by Pakistan in 2021: FM

The Foreign Minister said that the Senate Standing Committee lauded the efforts of the Ministry of Foreign Affairs for the acquisition of Covid-19 vaccine.

Published 27 Jan, 2021 11:39pm

Europe

Paris prosecutor seeks Air France, Airbus trial over deadly 2009 crash

In 2019, French judges dropped charges against the airline and plane manufacturer over the crash, blaming the pilots for losing control of the plane.
French investigators found the crew of AF447 mishandled the loss of speed readings from sensors blocked with ice from a storm.

Updated 27 Jan, 2021 11:31pm

Money & Banking

JPMorgan to join British online banking chase within months

The new digital bank will also be competing with start-ups such as Starling and Monzo, which have made some headway in grabbing market share from Britain's four largest banks.
It launched a smartphone bank called Finn in its home market in 2017, but shut it down a year after its nationwide debut.

Updated 27 Jan, 2021 11:31pm

Commodities

Argentina works to ensure ample domestic wheat supply amid export cap rumors

We will have a meeting today with the wheat value chain, including farmers, grains handlers and millers.
"We will also meet over the coming days with the government. They do not want to intervene in the market or limit wheat exports, but everything is on the table," Idigoras said.

Updated 27 Jan, 2021 11:31pm

USA

US core capital goods orders rise in boost to business investment

Core capital goods orders increase 0.6% in December.
Core capital goods shipments rise 0.5%.
Durable goods orders gain 0.2%.

Updated 27 Jan, 2021 11:31pm

Stocks

Wall St opens lower with earnings underway, eyes on Fed

The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78. The S&P 500 fell 12.8 points, or 0.33%, at the open to 3836.83.
Nasdaq Composite dropped 139.5 points, or 1.02%, to 13486.576 at the opening bell.

Updated 27 Jan, 2021 11:31pm

Stocks

TSX opens lower as energy, materials stocks weigh

Toronto Stock Exchange's S&P/TSX composite index was down 148.67 points, or 0.84%, at 17,630.74.

Updated 27 Jan, 2021 11:31pm

Companies

Hess Corp posts smaller quarterly loss on fuel demand recovery

Easing of COVID-19 related restrictions has propelled oil demand and prices, which remain stable since a late-2020 rebound from historic lows.
Despite the rise in crude prices, oil producers have so far largely refused to raise production too quickly, aiding prices for natural gas - largely a byproduct of oil drilling.

Updated 27 Jan, 2021 11:31pm

Companies

Boeing to delay 777X again as it posts record annual loss

Boeing said it now expects the 777X, a larger version of the 777 mini-jumbo, to enter service by late 2023.
2020 was a year of profound societal and global disruption which significantly constrained our industry.

Updated 27 Jan, 2021 11:31pm

Europe

Russian lawmakers approve extension of nuclear arms pact with US

Signed in 2010, the New START (Strategic Arms Reduction Treaty) is a cornerstone of global arms control and limits the numbers of strategic nuclear warheads.
"The essence of the agreement is to extend it for five years, as it was signed, without any changes," Deputy Foreign Minister Sergei Ryabkov told the Duma.

Updated 27 Jan, 2021 11:24pm

Stocks

GameStop stock surge hits fourth day, hedge funds walk away

Short-seller Citron, a target for some of the individual traders who have helped drive huge gains for a number of niche Wall Street stocks in the past week.
GameStop's stock has surged nearly 700% in the past two weeks, upping the struggling video retailer's market value from $1.24 billion to more than $10 billion.

Updated 27 Jan, 2021 11:24pm

Industry

Spanish cement sales slump to 50-year low with no pick-up in 2021

"Spain hasn't seen such low cement sales since 1967," Brosa told reporters, adding that levels are expected to remain flat through 2021. "We won't see the European fund's positive impact until 2022."
The average annual sales of cement in Spain over the last 50 years have been 25 million tonnes.

Updated 27 Jan, 2021 11:24pm

Financial

Brazil's foreign direct investment inflows halve in 2020

Total FDI last year was $34.2 billion, roughly half the $69.2 billion of 2019 and the lowest since 2009. FDI in December was $739 million.
Investors poured $6.3 billion into Brazilian financial markets in December, with $3.7 billion going into stock funds and $2.7 billion into debt funds.

Updated 27 Jan, 2021 11:24pm

Commodities

Wheat up 4-6 cents, corn up 10-15 cents, soy up 15-20 cents

CBOT March soft red winter wheat last traded up 4-3/4 cents at $6.70 per bushel. K.C. March hard red winter wheat rose 4 cents to $6.45 per bushel.
CBOT March corn was last up 10-1/4 cents at $5.42-1/2 per bushel.

Updated 27 Jan, 2021 11:24pm

Companies

Abbott profit beats on strong demand for COVID-19 tests

With the COVID-19 pandemic showing little signs of slowing, companies such as Abbott have benefited from a quick roll out of test kits.
Sales at its diagnostics business soared nearly 110% to $4.35 billion in the fourth quarter, nearly half of which came from COVID-19 tests.

Updated 27 Jan, 2021 11:24pm

Forex

Latam FX sinks ahead of Fed; Chile central bank seen holding rates

Recent oil weakness hurts Mexican, Colombian pesos.
Weak FDI data hurts Brazil's real.
Chilean c.bank expected to hold rates.

Updated 27 Jan, 2021 11:24pm

Companies

Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks

Navistar said it plans to offer its International RH Series fuel-cell truck - powered by GM fuel cells - in model year 2024.
"Hydrogen fuel cells offer great promise for heavy-duty trucks in applications requiring a higher density of energy, fast refueling and additional range," Navistar Chief Executive Persio Lisboa said.

Updated 27 Jan, 2021 11:24pm

Europe

France's curfew not slowing COVID-19 infections enough

The data shows that at this time the curfew is not putting enough of a brake on the spread of the virus.
The different scenarios under discussion range from maintaining the status quo to a very strict lockdown, Attal said.

Updated 27 Jan, 2021 11:24pm

Europe

Spanish regions cap COVID-19 vaccinations due to slowing supply

She has to move heaven and earth to make it happen, for Madrid and Spain. Because there are lives on the line.
Its announcement angered some European Union governments and the executive European Commission due to the slow pace of vaccine rollouts in the 27-nation bloc.

Updated 27 Jan, 2021 11:23pm

Energy

Oil above $56 as lower US stockpiles outweigh COVID and demand concerns

API says US crude inventories fell by 5.3 million barrels.
China posts lowest daily rise in COVID-19 cases in over 2 weeks.
Coming up: US EIA oil supply report at 1530 GMT.

Updated 27 Jan, 2021 11:23pm

Financial

Hong Kong Exchange Fund's investment income tumbled in 2020

The main focus for 2021 will be the timing and pace of recovery of different economies.
"Global recovery is in sight but the evolving pandemic will still have a bearing on the global economic outlook," Yue said.

Updated 27 Jan, 2021 11:23pm

Companies

Emerging markets to bear brunt of sovereign rating cuts in 2021, says S&P Global

The coronavirus crisis is expected to push the debt-to-gross domestic product (GDP) ratios in the G7 group of rich nations up by 23 percentage points by the end of 2021 compared to 2019.
"That doesn't mean that developed economies are getting a pass. It just means that they have bought themselves more time," he said.

Updated 27 Jan, 2021 11:23pm

Financial

Strong demand for Austrian, Greek bond sales

Austria, Greece selling 10-year, Slovenia 60-year bond
Bonds subdued after Italy rally on Monday, Tuesday
ECB still has room to cut deposit rate – Knot

Updated 27 Jan, 2021 11:23pm

Africa

South African opposition party goes to court to seek vaccine clarity

The government has been accused by health experts, scientists and political rivals of tardiness in procuring vaccines against the new coronavirus - charges it rejects.
Ramaphosa wants a get-out-of-jail-free card by blaming the West for having ordered in time.

Updated 27 Jan, 2021 11:23pm

Companies

AT&T quarterly postpaid phone additions jump on 5G boost

The 5G iPhone launch in the quarter, coupled with offerings such as free subscriptions to AT&T's HBO Max streaming service, helped the company rein in more customers.
Revenue in AT&T's HBO business rose 11.7% to $1.9 billion, driven by a growth in subscription revenue.

Updated 27 Jan, 2021 11:23pm

Money & Banking

India likely to announce sale of IDBI bank, stake in LIC

Govt plans 10-15% stake sale in state-owned LIC- sources
Plans include sales of IDBI bank, small banks and insurance cos
Govt could get up to 3 trln rupees through stake sale - sources
Finance minister could announce plans in annual budget on Feb. 1

Updated 27 Jan, 2021 11:23pm

Energy

European natural gas price volatility is here to stay

After a couple of years of relatively flat gas prices and stable demand, prices dropped last year in the face of lower energy demand because of coronavirus-related restrictions.
This month, however, Asian liquefied natural gas (LNG) prices soared to record highs because of low stocks.

Updated 27 Jan, 2021 11:23pm

Commodities

Zinc slides to two-month low as stocks surge, China demand wanes

Benchmark three-month zinc on the London Metal Exchange was down 1.6% at $2,613.50 a tonne.
Stocks in LME-registered warehouses have soared by 57% over the past two days to the highest levels since June 2017.

Updated 27 Jan, 2021 11:23pm

Companies

AstraZeneca to ask Japan's JCR Pharmaceutical to produce COVID-19 vaccine

The government in December agreed to buy 120 million doses of the vaccine developed by AstraZeneca and Oxford University with deliveries to begin in May.
JCR Pharmaceuticals was not immediately available for comment outside business hours on Wednesday.

Updated 27 Jan, 2021 11:23pm

Financial

Slovenia issues 500mn EUR 60-year international bond

Bids for the longest Slovenian bond ever, which will mature on March 3, 2081, totalled 4.3 billion euros.

Updated 27 Jan, 2021 11:23pm

IT and Computers

Eli Lilly to test COVID-19 antibody treatment with Vir Biotech's drug

The collaboration marks the first time that monoclonal antibodies from separate companies will be tested together, the companies said.

Updated 27 Jan, 2021 11:23pm

Europe

Europe's top shorted stocks soar on GameStop contagion

Evotec surged as much as 30% in Frankfurt at one point as traders rushed into a stock where the US hedge fund headed by Gabriel Plotkin has built a 6.2% short position.
Melvin is likely to have lost several million dollars on its bearish bets on GameStop after the US videogame retailer jumped seven-fold since mid January.

Updated 27 Jan, 2021 11:23pm

Commodities

Cocoa hits one week high after upbeat guidance from Barry Callebaut

March London cocoa was up 1.6% to 1,753 pounds per tonne.
March raw sugar rose 1.6% to 16 cents per lb.
March arabica coffee rose 0.4% to $1.2505 per lb.

Updated 27 Jan, 2021 11:23pm

Companies

Wall Street expects near-record iPhone sales despite delay, shut Apple stores

They have an extremely good understanding of what their refresh cycle looks like and when waves are possible and whey they are not.
A "super cycle" of booms in iPhone sales after several more modest years are not new to Apple - the company's previous high came after it announced the iPhone X.

Updated 27 Jan, 2021 11:23pm

Technology

Facebook investors, shrugging off election woes, look for 'social commerce' payday

The world's biggest social media company is poised to reap a windfall from that gambit.
Wall Street expects the company to report fourth-quarter sales up 25% to $26.4 billion.

Updated 27 Jan, 2021 11:23pm

Financial

Silicon Valley venture capital firm TCV raises $4bn for latest fund

The announcement follows a record year for US venture capital firms which raised $73.6 billion in 2020.

Updated 27 Jan, 2021 11:23pm

USA

Biden pick to head Energy Dept faces Senate confirmation hearing

Granholm led a charge to secure $1.35 billion in federal funding for companies to produce electric vehicles (EVs) and batteries in the state.
We need to be the leader, rather than passive bystanders, or otherwise we're going to allow other countries like China and others we're fighting to be able to corner this market.

Updated 27 Jan, 2021 11:23pm

Commodities

South Africa's Richards Bay says coal exports fell in 2020

Although we probably could of done better, there is always more coal to move, but given the challenges the value chain faced this is a stellar performance in our eyes.
Africa's largest coal export facility said 92% of its exports went to Asia last year, with India and Pakistan being the largest takers.

Updated 27 Jan, 2021 11:23pm

Sports

Israel to vaccinate all athletes for Tokyo Games by May

Israel, however, currently leads the world on per capita vaccinations, having inoculated 29% of its population with at least one dose.
As part of the Israel vaccination for corona procedure already 50% of all the Israel Olympic athletes delegation to Tokyo have been vaccinated.

Updated 27 Jan, 2021 11:23pm

Europe

Putin says global COVID-19 pandemic could drag on

He made the comments while speaking at a virtual meeting of the World Economic Forum.

Updated 27 Jan, 2021 11:23pm

Africa

South Africa approves AstraZeneca vaccine for emergency use

In terms of the AstraZeneca vaccine _ this has been granted emergency use (approval) and there will be a press conference with the minister of health on this (later).

Updated 27 Jan, 2021 11:23pm

Commodities

Jordan gets at least 4 participants in 120,000 tonne wheat tender

Participants were believed to be Cerealcom Dolj, Viterra, Ameropa and Nibulon.
No purchase has yet been made and results are expected later on Wednesday, traders said.

Updated 27 Jan, 2021 11:23pm

Financial

Saudi Arabia raises $5bn via dual-tranche bonds

The kingdom on Tuesday sold $2.75 billion in 12-year bonds at 130 basis points (bps) over 10-year US Treasuries and $2.25 billion in 40-year notes at 3.45%.
It drew more than $13 billion in orders for the 12-year bonds and over $9 billion in orders for the 40-year paper.

Updated 27 Jan, 2021 11:23pm

Forex

ECB comments suppress euro, dollar perks up ahead of Fed

ECB governing council member Klaas Knot said the central bank has room to cut its deposit rate further.
The single currency is up almost 15% since March last year, against a dollar that most analysts expect to decline further.

Updated 27 Jan, 2021 11:23pm

Sports

Arsenal sign Real Madrid's Odegaard on loan

*It's great that we've secured Martin to come to us until the end of the season. * Martin will provide us with quality offensive options and we're all excited to be integrating him into our plans between now and May.

Updated 27 Jan, 2021 11:22pm

Money & Banking

France could see losses of up to 6pc on state-guaranteed COVID loans

For our current estimate (of losses), I'm going to give a range of 4.5% and 6% of the total state-guaranteed loans that could see losses.

Updated 27 Jan, 2021 11:22pm

Companies

Vaccine row with AstraZeneca escalates as EU grapples with delays

Vaccine rollouts in the European Union have been slow compared with some other regions.
In a further sign of fraught relations, a second EU official said the company had pulled out of a meeting with the European Union scheduled for Wednesday.

Updated 27 Jan, 2021 11:22pm

Stocks

Exchange operator Nasdaq beats profit estimates on trading strength

The company posted an adjusted net income of $1.60 per share for the fourth quarter ended Dec. 31.
Revenue from Nasdaq's market services unit, its biggest business, jumped 29% to $291 million from a year earlier.

Updated 27 Jan, 2021 11:22pm

Europe

English lockdown set to last until at least March, Johnson indicates

Prime Minister Boris Johnson indicated on Wednesday the COVID-19 lockdown in England would last until March 8 when schools could start to reopen as the government announced new measures to clamp down on travel to and from Britain.
On Tuesday, Britain’s COVID-19 death toll surpassed 100,000, the first European state to reach that figure, leading to questions about Johnson’s handling of a crisis that has also battered the economy.

Updated 27 Jan, 2021 10:17pm

Pakistan

Defence ministry opposes removal of Asad Durrani’s name from ECL

Ministry says it has evidence which suggests that the former service man remained in contact with Indian spy agency Research and Analysis Wing (RAW). The former ISI Chief has moved that high court to seek the removal of his name for the ECL stating that he wants to go abroad.

Updated 27 Jan, 2021 09:24pm

Pakistan

Pakistan to start COVID-19 vaccination drive next week

China has pledged to donate 500,000 doses of coronavirus vaccine made by the Chinese firm SinoPharm.
Pakistan has so far approved two vaccines for emergency use, one made by China National Pharmaceutical Group (SinoPharm) and the other by AstraZeneca.
"There's going to be an accumulation of vaccines, a consortium available, there's going to be Chinese vaccines, there's going to be AstraZeneca."

Published 27 Jan, 2021 09:14pm

Energy

US crude stocks down by nearly 10 million barrels: EIA

Crude inventories fell by 9.9 million barrels in the week to Jan. 22 to 476.7 million barrels, compared with analysts' expectations in a Reuters poll for a 430,000-barrel rise.
Refinery utilization rates fell by 0.8 percentage points, in the week.

Published 27 Jan, 2021 09:12pm

Stocks

S&P, Dow slide after Boeing results; Nasdaq fall cushioned by Microsoft

Boeing falls on record annual loss, to delay 777X jet.
Microsoft rises after upbeat quarterly results.
Big-tech earnings in focus later in the day.
Walgreens up as outgoing Starbucks executive named CEO.
Indexes down: Dow 1.39%, S&P 1.31%, Nasdaq 1.04%.

Published 27 Jan, 2021 09:10pm

Forex

Dollar rises as investors back away from riskier currencies

Dollar Index at highest since Jan. 18.
Bitcoin slips below $30,000.

Published 27 Jan, 2021 09:08pm

Commodities

Copper to retreat from peaks as China demand eases

Copper seen averaging $7,600/T in 2021.
Aluminium surplus marked up to 1,110,000 T this year.
Analysts flip to 2021 nickel surplus from deficit in pvs poll.

Published 27 Jan, 2021 09:07pm

Commodities

Gold hits more than 1-week low on doubts over stimulus bill, firm dollar

Dollar scales over 1-week high.
Palladium hits over one-month low.
Platinum slips to over two-week low.

Published 27 Jan, 2021 09:05pm

Companies

SAP, promising transformation, kicks off cloud computing push

Klein, 40, in sole charge at SAP since April, has adopted a subscription-based service model that generates predictable revenue rather than the lumpy up-front cash flows from software licences.
"It's much more than just a technical migration," Klein told reporters in a briefing. "They want to change how their enterprise functions."

Published 27 Jan, 2021 09:02pm

Forex

Sterling gets vaccine boost to hit 8-month high vs weakening euro

The euro was under pressure after an ECB official said the central bank has room to cut its deposit rate further.
On the other hand, "the euro is clearly being undermined by ongoing concerns over vaccine rollout speed and supply," Yu added.

Published 27 Jan, 2021 08:58pm

Pakistan

Representatives of PTI Karachi meet PM Imran Khan

Federal Minister for Planning and Development Asad Umar and SAPM on Political * Affairs Malik Amir Dogar were also present during the meeting.

Issues of their respective constituencies were raised during the sitting as well as their solutions and uplift projects for the metropolitan.

Updated 27 Jan, 2021 08:50pm

Commodities

China corn imports seen at 25-27mn tonnes in 2020/21

Chinese corn imports could grow to up to 40 million tonnes per year in the coming years, driven by the rebuilding of the country's pig herd, he told the Paris Grain Day conference.

Published 27 Jan, 2021 08:16pm

Pakistan

Mysterious flying object spotted by PIA pilot near Rahim Yar Khan

The pilot saw the flying object near Rahim Yar Khan while operating a regular flight (Airbus A-320) to Lahore from Karachi, according to the spokesperson.
Aside from the pilot, many residents of Rahim Yar Khan also spotted the shiny object in the say and made videos of it.

Updated 27 Jan, 2021 08:13pm

Money & Banking

Kenya central bank holds main lending rate for sixth time in a row

The central bank said commercial banks have so far restructured 1.63 trillion Kenyan shillings ($14.81 billion) in loans.
Like other economies worldwide, Kenya's tourism, education, transport and other key sectors have been hit hard by the COVID-19 pandemic.

Published 27 Jan, 2021 08:05pm

Africa

COVID-19 has exacerbated South Africa's growth, fiscal vulnerabilities: IMF

"Reining in large fiscal deficits and debt will require containing public wage bill and avoiding ill-targeted subsidies and transfers to inefficient state-owned enterprises," the IMF said.

Published 27 Jan, 2021 08:04pm

Companies

Boeing 737 MAX safe to return to service in Europe, regulator says

We have every confidence that the aircraft is safe, which is the precondition for giving our approval.
In parallel, and at our insistence, Boeing has also committed to work to enhance the aircraft still further in the medium term, in order to reach an even higher level of safety.

Published 27 Jan, 2021 07:43pm

Pakistan

SHC extends bail to Nisar Khuhro

A two-member bench of the SHC heard the pre-arrest bail plea of Nisar Khuhro in assets beyond income and misuse of power cases.

Published 27 Jan, 2021 07:22pm

Pakistan

Interior Minister expresses satisfaction on law, order situation in KP

The meeting reviewed latest overall law and order and security situation in KP including merged tribal districts and expressed satisfaction on it.

Published 27 Jan, 2021 07:21pm

Pakistan

US, UK, China top three destinations of Pakistani exports in 1st half

Total exports to the USA during July-December (2020-21) were recorded at US $ 2280.318 million, showing growth of 9.94 percent.

Published 27 Jan, 2021 07:19pm

Pakistan

Coronavirus claims 38 lives, 497 new cases reported in Punjab

The Punjab health department conducted 2,862,710 tests for COVID-19 so far, while 139,887 confirmed patients recovered altogether in the province.

Published 27 Jan, 2021 07:18pm

Pakistan

SECP reforms developing robust, transparent capital market

In order to enhance investor outreach, framework has been stipulated for enabling online account opening.

Published 27 Jan, 2021 07:17pm

Pakistan

Pakistan's economy entering phase of comprehensive recovery: Cheng Xizhong

He said the Government firmly supports private sector as an engine of growth.

Published 27 Jan, 2021 07:15pm

Pakistan

Govt plans multiple projects to make country tourist hub: Faisal

Senator replying a Query assured that government would soon facilitate local young tourist and offered them sponsorships.

Published 27 Jan, 2021 07:13pm

Pakistan

Pakistan pledges $25,000 contribution for UN Secy Gen's peace building fund

Qureshi stressed that ‘national ownership’ must remain the core principle of peace building and determine all decisions of the Fund.

Published 27 Jan, 2021 07:12pm

Pakistan

NEPRA concludes hearing into FCA for Dec 2020

The authority was told that less gas was supplied to the power plants due to provision of more gas to the domestic consumers.

Published 27 Jan, 2021 07:11pm

Pakistan

SC dismisses education department appeal regarding pay protection of employees

The court after hearing arguments dismissed appeal.

Published 27 Jan, 2021 07:09pm

Pakistan

Rupee gains 10 paisas against US dollar

Buying and selling rates of dollar were recorded at Rs160.4 and Rs161.1 respectively.

Published 27 Jan, 2021 07:07pm

Pakistan

Minister for availability of certified cotton seed varieties to enhance output

Fakhar Imam said cotton was an important crop as 7 percent of the edible oil in Pakistan was also being produced by cotton.

Published 27 Jan, 2021 07:05pm

Pakistan

HEC advises universities to conduct exams based on their capacity

It said that HEC already allowed universities to use their discretion to conduct exams as long as the chosen mode provides a fair assessment of students’ performance.
“On-campus exams can be used only under strict compliance with all Covid-19 health and safety protocols.”

Updated 27 Jan, 2021 07:07pm

Pakistan

Zardari's request for transfer of references, SC issues notice to NAB

The court also issued notices to all the accused including Faryal Talpur.

Published 27 Jan, 2021 07:03pm

Pakistan

Bilawal expresses gratitude for sending congratulatory messages on Bakhtawar's wedding

Bilawal regretted that many dignitaries could not be invited in the wake of coronavirus pandemic.

Published 27 Jan, 2021 07:00pm

Pakistan

Pakistan to start assembling mobile phones soon

ECC of the cabinet approved the Mobile Device Manufacturing Policy to promote local manufacturing and assembly of mobile handsets in May, last year.

Published 27 Jan, 2021 06:58pm

Pakistan

Economic recovery to translate into productive investment expenditures: Finance Ministry

Since the start of current FY, economy had started recovering while the government was also committed to monitor external balance and its financing closely.

Published 27 Jan, 2021 06:55pm

Companies

GameStop’s Meteoric Rise, Explained

GameStop’s stocks skyrocketed by 160% in a matter of hours on Monday to an all-time high of $159, giving birth to the ‘Meme Stock’ bubble in the stock market.

Published 27 Jan, 2021 06:54pm

Pakistan

KP Govt all set to perform groundbreaking of 300MW Balako HPP in March: Energy Dept

He said the project would be completed with assistance of ADB besides generation of jobs for thousands of youth and technical work force.

Published 27 Jan, 2021 06:54pm

Pakistan

ADB’s new 5-year partnership strategy to lift Pakistan’s growth, resilience, and competitiveness

ADB will address the challenge of out-of-school children and target children from poor and vulnerable households, the statement said.

Published 27 Jan, 2021 06:52pm

Pakistan

PM stresses expediting development projects in KPK

He also briefed the Prime Minister on reforms in the administration of universities in KPK.

Published 27 Jan, 2021 06:51pm

Pakistan

Dr Fehmida visits PSB

She also directed PSB to complete the ongoing development work in time and making no compromise on the quality of work.

Published 27 Jan, 2021 06:48pm

Pakistan

PSX gains 170 points to close at 46,458 points

As many as 421 companies’ transacted shares in the stock market, 224 of them recorded gain and 187 sustained losses.

Published 27 Jan, 2021 06:49pm

Pakistan

Gold prices decrease by Rs200 per tola

The price of per tola and ten gram silver also witnessed no change.

Published 27 Jan, 2021 06:47pm

Pakistan

Like earlier moves, opposition’s no confidence strategy doomed to fail: Shibli

He said that the PPP wanted to move a no confidence motion but the PML-N had a different viewpoint.

Published 27 Jan, 2021 06:44pm

Pakistan

IHC serves notices on another plea about Vawda's qualification

The court served notices to respondents including Faisal Vawda and ECP, and sought their comments till next date against the petition.

Published 27 Jan, 2021 06:43pm

Pakistan

Murad, Zardari answerable to people: Haleem Adil Shaikh

He said that opposition and media have got a very important rule in highlighting the problems of people.

Published 27 Jan, 2021 06:40pm

Europe

UK to impose hotel quarantine for returning Britons

Britain has been the hardest hit in Europe from the pandemic, becoming only the fifth country in the world to surpass 100,000 deaths.

Published 27 Jan, 2021 06:38pm

USA

YouTube suspends Trump indefinitely, stops Giuliani monetizing clips

According to YouTube, Giuliani will be able to appeal the decision in 30 days -- providing the underlying issues have been fixed.

Updated 27 Jan, 2021 06:39pm

Pakistan

Universities across Pakistan to reopen from February 1: NCOC

The decision was made during the session of the NCOC which was chaired by Asad Umar on Wednesday.
The stakeholders were also consulted during the session regarding the complete resumption of academic activities in the educational institutions.

Updated 27 Jan, 2021 06:38pm

Europe

Brexit: French companies adapt to added costs, delays

The company employs 200 people and has worked on building up its market presence in Britain in recent years.

Published 27 Jan, 2021 06:36pm

Europe

EU rejects AstraZeneca vaccine contract claims

"One of the plants with the highest yield is in the UK because it started earlier," he said.

Published 27 Jan, 2021 06:03pm

Telecommunication

ICT Exports rise by 40 pc: MoITT

Information and Communication Technology exports in Pakistan rose by 40 percent to US$ 958 million during July-December of FY 2020-21.

Published 27 Jan, 2021 06:17pm

Business & Finance

Sanofi 'proud' to help make rivals' vaccines

The jabs would be ready from the middle of the year and be distributed in the European Union, he said.

Published 27 Jan, 2021 06:10pm

World

UN seeks $100mn to aid African migrants en route to Europe

The sea crossing itself is not the only dangerous part of the journey for many of the refugees and migrants trying to make their way to Europe.

Published 27 Jan, 2021 05:59pm

South Asia

China deploys anal swabs to test for Covid-19

Small, localised outbreaks in recent weeks have seen multiple cities in northern China sealed off from the rest of the country and prompted mass testing campaigns.

Published 27 Jan, 2021 05:58pm

Sports

Fawad and Azhar hit fifties to keep South Africa at bay

Alam was holding fort on 63 as Pakistan reached 178 for six at tea, trailing South Africa's first innings total by 42 runs.

Published 27 Jan, 2021 05:51pm

Africa

UN urges consensus as deadline for Somalia vote looms

The UN special representative said the focus instead was on breaking the political deadlock.

Published 27 Jan, 2021 05:44pm

Europe

Testing times for French group in virus-ravaged UK

Such private-sector facilities are an option for Britons who want tests but do not yet qualify for free screening through the public health system.

Published 27 Jan, 2021 05:39pm

Europe

Romanian priest becomes troll target for vaccine stance

He said he was willing to be vaccinated to avoid sending others "to intensive care or to the Lord too soon through ignorance or stupidity".

Published 27 Jan, 2021 05:34pm

Pakistan

Govt will provide COVID vaccine free to general public, says SAPM Sultan

China has gifted half million doses of the vaccine to Pakistan, which will be made available to the people free of cost: SAPM
Faisal says in first phase, frontline health workers will be vaccinated, while in the second phase, senior citizens will be administered with the anti-pandemic medicine

Published 27 Jan, 2021 05:37pm

Africa

Ethnic groups in central Mali sign peace accords

They apply to Koro, a county-sized area bordering Burkina Faso that has borne some of the worst bloodshed, it said in a statement.

Published 27 Jan, 2021 05:31pm

Sports

India cricket chief Ganguly back in hospital after chest pain

The former Indian captain suffered a heart attack early this month and underwent a successful angioplasty operation in his hometown Kolkata.

Published 27 Jan, 2021 05:31pm

Europe

Russia's lower house ratifies New START treaty extension

A total of 399 lawmakers voted in favour of extending the agreement, with no votes against or abstentions.

Published 27 Jan, 2021 05:23pm

Europe

Italy's president opens government talks after PM quits

The head of state is set to meet the presidents of both parliamentary chambers before talks on Thursday and Friday with party leaders.

Published 27 Jan, 2021 05:21pm

Europe

Hungary launches offensive against US tech giants

Hungarian Justice Minister said the government "will propose a law to the Parliament this spring" aimed at curbing the power of Big Tech.

Published 27 Jan, 2021 05:17pm

South Asia

Heavy security, roads closed after Delhi farmer riots

Around the city, security forces fought running battles with demonstrators.

Published 27 Jan, 2021 05:14pm

Middle East

Dozens injured in lockdown protests in Lebanon's Tripoli: Red Cross

The Lebanese army said 31 troops were injured in the exchange. It was not immediately clear how many soldiers were included in the Red Cross toll.

Published 27 Jan, 2021 05:12pm

Middle East

Iran says Israel waging 'psychological war'

Tehran has demanded an "unconditional" lifting of punishing sanctions first, and called on Washington to stop seeking to "extract concessions".

Published 27 Jan, 2021 05:12pm

Sports

Zlatan riles Lukaku with 'voodoo' rant in San Siro clash

Ibrahimovic taunted Lukaku and infuriated the Belgian by laughing in his face before the pair went head-to-head.

Updated 27 Jan, 2021 05:11pm

Pakistan

Master Motors suspends bookings for Alsvin following an overwhelming response

The development was confirmed by the company’s Chief Executive Officer (CEO) Daniel Malik, after they received 1000 pre-bookings in just two days.
Company stopped booking more cars as the delivery period would exceed four months, which the buyers don’t like and investors start investing thereon.

Updated 27 Jan, 2021 04:46pm

Business & Finance

US giant Amazon says to launch in Poland

Poland is one of the last major European countries without a dedicated Amazon website.

Published 27 Jan, 2021 04:38pm

Industry

Pakistan's first Human Rights Resource Portal being Launched Tomorrow

The Ministry of Human Rights has announced the launch of Pakistan's first Human Rights Resource Portal in partnership with the European Union.

Updated 27 Jan, 2021 04:22pm

Malaysian court releases PIA plane grounded over lease dispute

AerCap, which continued as part of the agreement to provide lease management services to Peregrine, has declined to make any comment on the case.

Published 27 Jan, 2021 03:57pm

Pakistan

Lease dispute: Malaysian court releases 'impounded' PIA plane

Kuala Lumpur High Court judicial commissioner Atan Mustaffa Yussof Ahmad ordered the release of the aircraft after the national flag carrier and Malaysian authorities reached an amicable settlement to the dispute
Plaintiff in the case Peregrine Aviation Charlie Ltd has agreed to withdraw its suit against Pakistan International Airlines Corp

Updated 27 Jan, 2021 03:48pm

Pakistan

IHC disposes of petition seeking online exams

The judge observed that this matter pertains to the HEC and that the court couldn’t do anything about it.
Two students, Ali Bin Shafaat and Sharyar Abbasi, filed the petition on January 18 challenging the university’s decision to hold on-campus examinations for fall semester.

Updated 27 Jan, 2021 03:26pm

Pakistan

Covid-19 claims four lives in Faisalabad

A many as 448 confirmed patients were in home isolation in the district.

Published 27 Jan, 2021 03:24pm

Pakistan

Govt plans multiple projects to make country tourist hub, says Faisal Javed

He said that government would facilitate investors for the promotion of tourism in future as well and within year after Coronavirus government would complete its remaining tasks.

Published 27 Jan, 2021 03:21pm

Pakistan

Over 130 policemen infected with COVID-19 in three days: spokesman

He said all due care was being provided to the affected cops.

Published 27 Jan, 2021 03:19pm

Pakistan

Gunmen kill man in Quetta

According to police sources, the victim was near the Taxi Stand when armed assailants opened fire at him and fled from the scene.

Published 27 Jan, 2021 03:16pm

Stocks

European stocks head lower, LVMH shines after earnings

Precious metal miner Fresnillo Plc slid 3.1% after it forecast lower gold output for the current year.

Published 27 Jan, 2021 03:14pm

Mutual Funds

Greece launches new 10-year bond issue

Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank were appointed to jointly lead manage the issue.

Published 27 Jan, 2021 03:11pm

World

Thailand reports 819 new virus cases, 1 additional death

One additional death was reported, bringing total fatalities to 76. More than 700 of the new infections.

Published 27 Jan, 2021 03:07pm

World

Japan PM apologises after lawmakers' night club outings

Twitter users voiced their frustration.

Published 27 Jan, 2021 03:04pm

Forex

Yuan edges up to 1-week high as tight liquidity persists

Separately, traders were awaiting comments later from US Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy. His remarks could affect the dollar and other currencies.

Published 27 Jan, 2021 03:01pm

Commodities

Corn hits 2-week high on China demand, soybeans rise as rains disrupt Brazil harvest

Rains disrupted harvest in Brazilian soybean-growing areas, slowing down field work in the world's largest soy producer and potentially delaying planting of the country's second corn crop.

Published 27 Jan, 2021 02:59pm

Business & Finance

Govt spent Rs 6tr on past loans payments, says Faraz

He said Rs 1.2 trillion were provided to support different sectors especially the disadvantaged segments of the society in the wake of breakout COVID-19.

Published 27 Jan, 2021 02:58pm

Financial

Dubai top lender Emirates NBD full-year profit slumps 52%

The UAE's biggest lender, First Abu Dhabi Bank, on Tuesday posted a 16% drop in 2020 net profit on higher impairment charges.

Published 27 Jan, 2021 02:57pm

Commodities

CBOT soybeans may revisit Jan. 14 high of $14.35-3/4

This break is regarded as a convincing signal that the downtrend will be completely reversed. A drop to $13.78 could suggest the break was false, and the target has to be temporarily aborted.

Published 27 Jan, 2021 02:55pm

Commodities

Malaysia palm oil jumps over 2% on higher US soyoil prices

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 82 ringgit, or 2.5%, to 3,348 ringgit ($827.89) a tonne by midday.

Published 27 Jan, 2021 02:53pm

World

Latest on worldwide spread of the coronavirus

The daily number of new coronavirus infections in France stayed above 20,000 on average for the fourth straight day on Tuesday, while hospitalisations reached an eight-week high of 27,041.

Published 27 Jan, 2021 02:49pm

Mutual Funds

Long-term JGB yields rise on uncertainty over BOJ's bond purchase

The 30-year JGB yield rose one basis point to 0.655% and the 40-year JGB yield rose 0.5 basis point to 0.705%.

Published 27 Jan, 2021 02:47pm

Business & Finance

Thai Dec factory output falls 2.44% y/y after new outbreak

The December MPI index was dragged down by lower production of petroleum, sugar and rubber, although production of electronics, cars and tyres increased.

Published 27 Jan, 2021 02:44pm

Stocks

Australia shares retreat from 11-mth high as resource firms fall

Fortescue Metals slumped 6.4% to see its worst session in more than four months, while global miners Rio Tinto and BHP recorded significant losses.

Published 27 Jan, 2021 02:42pm

Mutual Funds

Bond market watching for ongoing Fed reassurance on purchases

Another key component regarding the impact of higher yields will be whether they are driven by higher inflation expectations.

Published 27 Jan, 2021 02:38pm

Stocks

Reliance pulls Indian shares lower as Amazon tries to block Future deal

Adding to the pressure, Asian shares also slipped as investors looked to the Federal Reserve's guidance on monetary policy.

Published 27 Jan, 2021 02:35pm

Companies

Software AG reports lower Q4 profit and revenue, but confirms goals

Brahmawar noted, however, that last year's operating margin, at 21.2%, was still in line with guidance.

Published 27 Jan, 2021 02:33pm

Pakistan

Peshawar University to hold exams online this year

The development was confirmed by the varsity in a notification issued to all heads of departments informing them about the decision.
The decision from the university came at the time when students across the country are protesting demanding online exam.

Updated 27 Jan, 2021 02:33pm

Sports

Nadal, Serena support strict COVID-19 protocols in Australia

"It's super, super strict, but it's really good," she said on The Late Show With Stephen Colbert.

Published 27 Jan, 2021 02:31pm

Companies

Sinopharm-led consortium plans $3.3bn take-private of HK-listed China TCM

Shares in China TCM, however, rose just 2% last year. The stock is trading at 9 times forward earnings, well below the industry median of 20, according to Refinitiv data.

Published 27 Jan, 2021 02:28pm

Companies

Lonza says 2020 sales at continuing businesses rose 12%

Helped by strong demand from customers in the pharmaceutical industry.

Published 27 Jan, 2021 02:26pm

Energy

Pakistan LNG buys three cargoes for March delivery

Pakistan LNG, a government subsidiary that procures LNG from the international market, also bought one cargo from Qatar Petroleum Trading for delivery over March 24 to 25 at a slope rate of 12.7%, they said.

Published 27 Jan, 2021 02:24pm

Forex

South Africa's rand slips; US Fed policy meeting in focus

Lower US interest rates expectations boost investors' appetite for emerging market assets, which offer higher returns but carry more risk.

Published 27 Jan, 2021 02:22pm

Commodities

CBOT corn may rise into $5.46-1/2 to $5.51-3/4 range

A realistic target will be $5.46-1/2 or $5.51-3/4. Support is at $5.30-3/4.

Published 27 Jan, 2021 02:20pm

Stocks

Asian shares step back, Microsoft's brisk earnings boost tech optimism

The Australian dollar slipped 0.1% to $0.7739, showing muted response to stronger-than-expected local inflation data.

Published 27 Jan, 2021 02:18pm

World

Russia says nuclear arms pact extension with US agreed on Moscow's terms

The Kremlin on Tuesday said the two countries had struck a deal to extend the pact.

Published 27 Jan, 2021 02:16pm

Business & Finance

Six projects in the offing to enhance Pakistan’s oil refining capacity

Pakistan refining capacity stood at 417,400 Barrels per Day (BPD) in the last fiscal year, while six more projects, investment initiatives and proposals are at different stages of implementation to increase the capacity by 1.1mn BPD.

Published 27 Jan, 2021 02:13pm

Pakistan

Most-wanted terrorist named in govt’s ‘Red Book’ arrested in Karachi

Abbas Jafri is a close aide of another most-wanted terrorist Yawar Abbas.
Jafri had received training from a neighbouring country in 2014 where he was taught medical and intelligence services, said the CTD spokesperson.

Published 27 Jan, 2021 02:04pm

Pakistan

SC issues notice to NAB over Asif Zardari’s plea to transfer graft cases to Karachi

The former president wants the SC to transfer the graft cases against him from Islamabad’s accountability court to Karachi.
Issuing notices to NAB, Faryal Talpur and other respondents in the case, the SC has adjourned the hearing for a month.

Published 27 Jan, 2021 01:55pm

Pakistan

Pakistan announces token contribution of $25,000 to UN Peace-building Fund

FM says over the last 60 years, Pakistani troops and police had represented the UN in 46 peacekeeping missions across four continents of the world
A major obstacle for the developing countries in mobilizing international investment is their inability to prepare commercially viable development projects: Qureshi

Published 27 Jan, 2021 01:51pm

Stocks

Japan shares end higher as IMF forecast boosts hopes of higher earnings

Shionogi & Co gained 1.12% after the drug maker said it sold the development and marketing rights for a COVID-19 treatment to California-based biotech BioAge Labs Inc.

Published 27 Jan, 2021 01:31pm

Companies

Nissan says new models in key markets to be electrified by early 2030s

The country laid out a "green growth strategy" last year that includes a goal to replace new gasoline-powered vehicles with EVs by mid-2030s to help achieve 2050 carbon-neutral goal.

Published 27 Jan, 2021 01:30pm

Commodities

SoftBank ties up with Iris Ohyama to recharge robotics ambitions

The joint venture, Iris Robotics, offered an ambitious forecast of 100 billion yen ($965 million) in sales by 2025, but provided little detail on future products at a press conference.

Published 27 Jan, 2021 01:28pm

Managed Funds

China short-term rate hits near 6-yr high on holiday demand, policy tightening worries

However, the state-run Securities Times in a front-page commentary urged investors not to over-exaggerate the impact of the central bank's short-term liquidity operations on stock and bond markets.

Published 27 Jan, 2021 01:26pm

World

Indian Army forcibly used madrasas for Indian Republic Day events in occupied Kashmir

Residents said that Indian troops and intelligence agencies had warned the administrations of madrassas in South Kashmir of severe consequences if they did not participate in the official functions.
The people of IIOJK marked India’s Republic Day as a black day and observed it with a complete shutdown.

Published 27 Jan, 2021 01:28pm

Companies

Sanofi confirms its will supply over 125 millions Pfizer-BioNTech doses to the EU

"Sanofi will provide BioNTech access to its established infrastructure and expertise to produce over 125 million doses of COVID-19 vaccine in Europe", Sanofi said in statement.

Published 27 Jan, 2021 01:24pm

Business & Finance

Tullow's lenders agree to extended debt talks into February

Adding it expects its operating cash flow to reach $500 million in 2021 if the oil price stays above $50 a barrel.

Published 27 Jan, 2021 01:22pm

Business & Finance

Pakistan secures GI tag for Basmati rice

Arif while praising the IPO and Ministry of Commerce was of the view that the protection in Pakistan would strengthen our case in the European Union against Indian claim of an exclusive basmati GI tag.

Published 27 Jan, 2021 01:21pm

Bullion Rate

Gold range-bound as focus shifts to Fed policy decision

Lending some support to gold were worries over a surge in global coronavirus cases, which surpassed 100 million, as countries struggle with vaccine shortfalls.

Published 27 Jan, 2021 01:18pm

Business & Finance

Thailand changes inflation base year due to pandemic, population survey

The new calculation will also cover wider households and products and services, the ministry said in a statement.

Published 27 Jan, 2021 01:17pm

Commodities

China industry body sees rising steel demand in 2021, eyes raw materials safety

As the recovery of steel demand and production in overseas markets still faces difficulties amid the pandemic, the steel association anticipated China's rising imports and falling exports to continue this year.

Published 27 Jan, 2021 01:14pm

Commodities

CBOT wheat may test resistance at $6.76-3/4

A break below $6.66-1/2, now a support, may cause a fall to $6.58-1/2. On the daily chart, the correction from $6.93 ended around $6.29, the 61.8% retracement.

Published 27 Jan, 2021 01:12pm

Mutual Funds

Oman Electricity Transmission Co markets dollar bonds

The company is 51% owned by the Sultanate of Oman via the state-owned Electricity Holding Company.

Published 27 Jan, 2021 01:10pm

Stocks

South Korea shares extend losses; Fed policy, corporate earnings eyed

The won ended at 1,104.4 per dollar on the onshore settlement platform, 0.19% higher than its previous close at 1,106.5.

Published 27 Jan, 2021 01:06pm

World

Israeli sex tourists aggravate UAE's human trafficking ordeal

The main victims of human trafficking hail from India, Pakistan, China, and Bangladesh
Most migrants are compelled to sign employment contracts in a language they’re unable to read and thus agreeing to conditions and wages far lower than they had been promised
Traffickers employ many tactics to force women to work, often locking the victims in small rooms without food or water and subjecting them to physical and verbal abuse

Published 27 Jan, 2021 01:06pm

Commodities

Zinc hits over 2-month low on higher inventories, weak Chinese demand

Cash zinc on the LME has been trading at a discount to the three-month contract since June 2020, indicating abundant nearby supplies.

Published 27 Jan, 2021 01:03pm

Companies

Dutch telco KPN annual earnings meet forecasts, sees fractional growth in 2021

KPN expects 3-5% annual growth in dividend and EBITDA after leases of 2.45 billion euros by 2023. The company intends to increase investments in its fibre optic and 5G networks, while cutting costs.

Published 27 Jan, 2021 01:00pm

Bullion Rate

Fresnillo forecasts 2021 gold output to fall, full-year output drops 12.1%

The precious metals miner, which owns seven operating mines in Mexico.

Published 27 Jan, 2021 12:58pm

South Asia

Security tight at India's historic Red Fort after clashes with farmers

Hundreds of police guarded the historic Red Fort in the heart of the Indian capital on Wednesday following violent clashes between farmers and authorities in which one person was killed and at least 80 injured.
Tens of thousands of farmers, protesting against reforms of the agriculture sector that they say benefit big private buyers at the expense of growers.

Published 27 Jan, 2021 12:57pm

Asia

Outbreaks in South Korea's Christian schools drive surge in COVID-19 cases

The KDCA reported 559 new cases as of midnight on Tuesday, up from 354 a day before, bringing the national tally to 76,429 infections with 1,378 deaths.

Published 27 Jan, 2021 12:56pm

Business & Finance

Taiwan says chipmakers to prioritise auto chips

But she said the chip shortage issue will take time to resolve.

Published 27 Jan, 2021 12:55pm

Managed Funds

South Africa's Life Healthcare sees first quarter revenue up 5%

It did not disclose the expected change in net profit or revenue.

Published 27 Jan, 2021 12:53pm

Stocks

China stocks end higher as upbeat data signals brisk factory recovery

Yi Gang, the governor of the People's Bank of China (PBOC), also said on Tuesday that China will not exit from supporting policy prematurely.

Published 27 Jan, 2021 12:50pm

Stocks

Philippine stocks silde over 1% on growth worries, Asia FX eye Fed comments

Indian shares also slid more than 1% as Amazon sought to block the sale of Future Group's $3.4 billion retail assets to Mukesh Ambani's Reliance Industries. Markets were closed on Tuesday for a public holiday.

Published 27 Jan, 2021 12:49pm

Commodities

Dalian iron ore dips as China steel profit margins slump

Prices of key input iron ore remain elevated after last year's spikes driven by robust demand in China, which produced a record-high volume of steel despite the pandemic.

Published 27 Jan, 2021 12:46pm

Energy

Two more LNG tankers scheduled to arrive in Britain in Feb

Tanker Georgiy Ushakov is scheduled to arrive at Britain's Isle of Grain terminal on Feb. 3, Refinitiv Eikon data showed.

Published 27 Jan, 2021 12:44pm

World

China says flyovers in Taiwan Strait a 'solemn warning'

Taiwan's de facto ambassador to the US was formally invited to Biden's inauguration, a precedent-setting first since 1979.

Published 27 Jan, 2021 12:42pm

Asia

UN rights chief seeks sanctions against Sri Lanka generals

Sri Lanka has resisted repeated calls for an independent investigation and the Rajapaksa brothers had previously denied any war crimes were committed.

Published 27 Jan, 2021 12:35pm

Pakistan

Three killed, one hurt after vehicle falls into ditch in Jamshoro

As a result, three people were killed while one other sustained injured. Police and rescue teams rushed to the accident site immediately and began a rescue operation.

Published 27 Jan, 2021 12:32pm

Asia

Myanmar launches nationwide COVID-19 vaccination program

The priorities will be given to the elderly, people with underlying diseases and people residing in the high density of population.

Published 27 Jan, 2021 12:30pm

Business & Finance

Enforcement Action: State Bank imposes over Rs 59mn penalties on one bank

SBP stated that these actions are based on deficiencies in the compliance of regulatory instructions and do not constitute a comment on the financial soundness of the entity.

Published 27 Jan, 2021 12:29pm

Asia

Mongolia logs 11 new COVID-19 cases, 25 more recoveries

They were brought back from Darvi soum of the Khovd province to Ulan Bator on a special flight on Wednesday.

Published 27 Jan, 2021 12:28pm

World

5.2-magnitude quake hits 31 km ESE of Chitose, Japan: USGS

The epicenter, with a depth of 123.84 km, was initially determined to be at 42.6901 degrees north latitude and 141.9887 degrees east longitude.

Published 27 Jan, 2021 12:27pm

Pakistan

India's COVID-19 tally rises to 10,689,527

As many as 157 new cases and seven deaths were registered in the national capital through Tuesday.

Published 27 Jan, 2021 12:25pm

Pakistan

Woman dies, three injured in road mishap at Sari Naurang

The injured were shifted to District Headquarters Hospital Bannu.

Published 27 Jan, 2021 12:23pm

Sports

ICC announces ‘ICC Player of the Month’ award

This shortlist is then voted for by the independent ICC Voting Academy and fans around the world.

Published 27 Jan, 2021 12:19pm

Business & Finance

Saudi Arabia hosts 'Davos in Desert' amid pandemic

But the following year, the fallout over journalist Jamal Khashoggi's murder by Saudi agents in Istanbul prompted a wave of business and political leaders to pull out of the glitzy conference at the last minute.

Published 27 Jan, 2021 12:17pm

World

Heavy security, roads closed after Delhi farmer riots

"We're ready to die. This government has been ignoring us for long but they can no longer do that," Singh told AFP at the 400-year-old fort.

Published 27 Jan, 2021 12:14pm

Sports

Cricket Australia confirms Indian players racially abused

"It's definitely not acceptable in this day and age... we must make sure it doesn't happen again," he said.

Published 27 Jan, 2021 12:10pm

Business & Finance

Milk retailers say will not increase rates without govt approval

The retailers said that in the future milk sellers would not help the dairy farmers by selling milk at illegal rates and would not take any illegal action.

Published 27 Jan, 2021 12:07pm

Stocks

Tokyo shares end higher ahead of earnings season

The benchmark Nikkei 225 index rose 0.31 percent, or 89.03 points, to 28,635.21.

Published 27 Jan, 2021 12:09pm

USA

Sweeping Covid-19 lockdown in Peru as virus cases soar

In areas not affected by the strict lockdown restrictions remain in place, such as curfews and bans on social gatherings.

Published 27 Jan, 2021 12:07pm

Markets

Virus shutdowns sap German consumer confidence

The GfK survey of some 2,000 people found that shoppers were more downbeat about Germany's economic prospects as well as their own income expectations.

Published 27 Jan, 2021 11:51am

World

NATO prepares first summit with US President Biden

The next NATO summit is due to take place in Brussels, seat of the alliance, but timing depends on fighting the pandemic.

Published 27 Jan, 2021 11:49am

Pakistan

British parliament praises Pakistan's 10 billion trees project

UK Environment Minister Lord Goldsmith terms the afforestation initiative as a great achievement, which the world can learn from and emulate
Lord Aamer Sarfraz says Pakistan is showing global leadership in tackling climate change

Published 27 Jan, 2021 11:50am

World

More than 150 charged over US Capitol rampage

The FBI has offered a $75,000 reward in that case.

Published 27 Jan, 2021 11:46am

World

AstraZeneca 'not selling EU doses to other countries': CEO

He stressed: "We're certainly not taking vaccines away from the Europeans to sell it somewhere else at the profit."

Published 27 Jan, 2021 11:45am

World

Enough Covid vaccine for 300mn Americans by end of summer/early fall: Biden

"More than 400,000 Americans have already died," he said. "This is a war-time undertaking. It's not hyperbole."

Published 27 Jan, 2021 11:43am

Sports

Arsenal sink Saints to avenge FA Cup exit

"He and Emile (Smith Rowe) were both magnificent again. They need to keep going."

Published 27 Jan, 2021 11:41am

World

Yellen makes history again as US Treasury secretary

Early in Trump's term, she did not hesitate to warn of the risks tax cuts like the one he was proposing would have on the budget deficit.

Published 27 Jan, 2021 11:38am

Pakistan

Protest against on-campus exams: Lahore police register cases against 500 students

The protest turned violent when the police baton-charged and launched a crackdown against the students.
For the last few days, students have been staging protests outside the campus in favour of online exams.

Published 27 Jan, 2021 11:39am

Sports

Five-star Man City move top of the Premier League

Gundogan made and scored the third himself by robbing the ball just outside the box and then steering home his seventh goal in eight league games.

Published 27 Jan, 2021 11:35am

Sports

Real Betis, Villarreal qualify for Copa del Rey quarter-finals

Lionel Messi will be available again after serving a two-match ban as Barcelona head to the capital to take on Rayo Vallecano on Wednesday.

Published 27 Jan, 2021 11:34am

Companies

General Electric upbeat on 2021 after profitable 2020

Despite the profitability, S&P Global Ratings warned of GE's indebtedness at 5.9-times earnings last year, which it attributed to the aviation division's pandemic troubles.

Published 27 Jan, 2021 11:32am

World

Biden to end use of private prisons for US federal inmates

It became a big and profitable business, with the prison companies publicly traded on stock exchanges.

Published 27 Jan, 2021 11:30am

Technology

YouTube Shorts eyes TikTok competition with 3.5bn daily views in India

The new format is seen as a way for Google to compete with Gen Z-favorite TikTok, which currently has 700 million users worldwide.

Published 27 Jan, 2021 11:28am

Sports

Late Eriksen winner sends Inter into Italian Cup semis as Ibrahimovic sees red

Italy's top two teams in the league this season were looking to bounce back after a disappointing weekend of Serie A action.

Published 27 Jan, 2021 11:25am

World

US judge blocks Biden's deportation freeze

This legal battle, which is only just beginning, likely foreshadows a bitter, broader fight to come on the issue of immigration.

Published 27 Jan, 2021 11:22am

Sports

Bonds, Clemens, Schilling snubbed by Hall of Fame voters

Three-time World Series-winning pitcher Curt Schilling topped the voting with 285 or 71.1% but also fell just short.

Published 27 Jan, 2021 11:20am

World

Argentinian flight departs to pick up Russian vaccine doses after delay

Sputnik V is still undergoing Phase 3 trails, the final testing round before a drug is approved.

Published 27 Jan, 2021 11:18am

Europe

Dutch government says won't bow to curfew riot 'scum'

As the clean-up operation started, mayors of several cities reacted with anger. Rotterdam's Ahmed Aboutaleb called rioters "shameless thieves", the NOS national broadcaster reported.

Published 27 Jan, 2021 11:15am

World

Biden's Commerce pick Raimondo vows toughness on China

During the Trump administration, the commerce department cracked down on Chinese tech companies suspected of industrial espionage or of compromising US national security.

Published 27 Jan, 2021 11:12am

Pakistan

COVID-19 outbreak: Health dept establishes 14 vaccination centres across Sindh

Nine vaccination camps have been established in Karachi, including two each in the South, East and Central districts, and one each in the Korangi, Malir and West districts
The health department has deployed trained staff at these centres equipped with all the necessary equipment

Published 27 Jan, 2021 11:15am

Business & Finance

Pakistan, Uzbekistan to discuss trade routes, PTA

The delegation which will be led by the Advisor to the Prime Minister on Commerce and Investment, Mr. Abdul Razak Dawood, will visit Uzbekistan from 31st January 2021 to 4th February 2021.

Published 27 Jan, 2021 11:07am

Technology

Microsoft profit soars as pandemic speeds shift to cloud

He envisioned "hybrid" work styles that combine remote work with visits to offices or other job sites.

Published 27 Jan, 2021 11:09am

Africa

Tunisia parliament reshuffles cabinet as protesters face off against police

Some members of the opposition held up pictures of the young man who was killed.

Published 27 Jan, 2021 11:04am

Pakistan

Manual processing of visas at Pakistani missions in UK will discontinue from February 1

From February 1, all visa applications will be processed through online visa portal only.
This decision is in line with Pakistan's decision to stop manual processing of visas from January 1 last.

Published 27 Jan, 2021 10:59am

South Asia

Indian court rules that groping without removing clothes is not sexual assault

A court in India has ruled that groping a child through their clothing does not constitute sexual assault, inciting outrage across the country and frustrating advocacy groups struggling to address widespread sexual abuse against women and children.

Published 27 Jan, 2021 10:56am

World

$439mn pledged for UN peace fund, far short of goal

In that cycle, 34 countries contributed money, but 60 percent of the total came from just Germany, Sweden and Britain, according to Franche.

Published 27 Jan, 2021 11:01am

Financial

Little change expected as Fed ends first meeting of Biden era

And it will be up to Janet Yellen, Powell's predecessor as Fed chief who is now Biden's Treasury secretary, to take up the lead in pushing that stimulus package through Congress.

Published 27 Jan, 2021 10:59am

World

100mn cases worldwide, as US seeks to reset its Covid fight

The number of cases, compiled from data provided by national health agencies, represents just a fraction of the real infections as the coronavirus has spread around the globe.

Published 27 Jan, 2021 10:52am

World

Republican senators signal opposition to Trump impeachment

Trump -- winner of 74 million votes in his loss to Biden on November 3 and reportedly sitting on some $70 million in campaign funds -- wants Republican senators to consider their own futures before they dare cross him.

Published 27 Jan, 2021 10:49am

Pakistan

PML-N withdraws NAB amendment bill in National Assembly

The move is Pakistan Democratic Movement's (PDM) strategy of not supporting any government initiative to change the country’s accountability laws
The withdrawn bill had sought withdrawal of the federal government’s power to appoint the judges of the accountability courts in the country

Published 27 Jan, 2021 10:50am

World

Senator presiding over Trump impeachment trial released from hospital

Patrick Leahy, who was elected in 1974, is presiding over the trial as he is the senior senator of the party with the majority in the Senate, currently the Democrats.

Published 27 Jan, 2021 10:47am

USA

In Brazil's Manaus, young people step up as Covid bites

In so doing, she also relieves the workload of doctors who have no time to interact with family members or even to inform them when patients die.

Published 27 Jan, 2021 10:44am

World

New Walgreens CEO is sole Black female Fortune 500 leader

The Wall Street Journal said there are just four Black male CEOs of Fortune 500 companies -- a ranking of America's largest 500 companies.

Published 27 Jan, 2021 10:42am

Asia

Hong Kong turns to 'ambush lockdowns' to fight virus

But it suffers from pervasive inequality, an acute housing shortage and eye-watering rents that successive administrations have failed to solve.

Published 27 Jan, 2021 10:41am

Sports

Young shines as Hawks halt Clippers seven-game win streak

Atlanta also got 22 points from De'Andre Hunter, 13 points from Kevin Huerter, while John Collins delivered 11 points and 11 rebounds.

Published 27 Jan, 2021 10:39am

Sports

Tokyo Olympics test event to be postponed: reports

Japan's borders are currently all but closed to foreign visitors, with Tokyo and other parts of the country under a state of emergency until at least February 7.

Published 27 Jan, 2021 10:37am

BR Research

Currency – no excitement

The current account was in deficit in Dec-2020 after five straight months of surpluses. This coupled with SBP ...

Updated 27 Jan, 2021 10:38am

Business & Finance

$10mn pay-cut for Goldman Sachs CEO over 1MDB scandal

"The amounts of remuneration reflect the decision announced by the board of directors," said a securities filing that also detailed pay-cuts for COO John Waldron and CFO Stephen Scherr.

Published 27 Jan, 2021 10:36am

World

Two-thirds of world see 'climate emergency': UN survey

Much like the spread of a contagious disease, positive social movements -- whether to ban slavery, or install democracy -- "can be irreversible and difficult to stop" once they cross a certain threshold, they note.

Published 27 Jan, 2021 10:32am

World

Dry ice, containers and overworked doctors: Olympic hurdles for Japan's vaccine roll-out

Once delivered, the vaccines must be administered by already overstretched medical workers. A Kyodo News survey showed about 80% of prefectural governments were concerned about having enough staff to give injections.

Published 27 Jan, 2021 10:27am

World

Australia records 10th day of no local COVID-19 cases

New Zealand reported a third day of zero cases on Wednesday, allaying fears of a fresh outbreak.

Published 27 Jan, 2021 10:24am

Technology

Google revives Australia news platform launch amid content payment fight

Google has argued that the legislation, which is currently the subject of a parliamentary inquiry but expected to be passed into law soon, is unworkable.

Published 27 Jan, 2021 10:22am

Energy

Oil rises as US oil stockpiles drop, new Chinese COVID-19 cases decline

Official data showed 75 new confirmed cases of COVID-19 on Wednesday, the lowest daily rise since Jan. 11.

Published 27 Jan, 2021 10:19am

Sports

Australia test squad for South Africa tour

Tim Paine (capt), Pat Cummins, Sean Abbott, Alex Carey, Cameron Green.

Published 27 Jan, 2021 10:17am

Stocks

Australia shares fall from 11-month high as big miners, energy stocks weigh

Oil Search lost more than 2% after it forecast lower output in 2021 and reported a 42% plunge in December quarter revenue.

Published 27 Jan, 2021 10:16am

USA

Tesla's report could trigger $7 billion payout to Musk

Tesla’s quarterly report on Wednesday could trigger a $7 billion options payout to Chief Executive Elon Musk, while owners of the electric car maker’s soaring stock are keen to hear the company’s target for 2021 deliveries.
Tesla posts its December quarter results following a nearly 700% surge in its stock over the past 12 months that has made it the fifth-most-valuable publicly traded U.S. company, eclipsing Facebook.

Published 27 Jan, 2021 10:12am

Stocks

Australia shares set to fall at the open; NZ gains

The local share price index futures fell 0.3%, a 76.7-point discount to the underlying S&P/ASX 200 index close.

Published 27 Jan, 2021 10:14am

Energy

US oil may retest resistance at $52.98

As long as the contract remains firm above a support at $52.34, the 23.6% retracement of the uptrend from $47.18 to $53.93, it may revisit the high of $53.93.

Published 27 Jan, 2021 10:12am

Q1 external debt servicing stands at $3.593bn

KARACHI: The country has paid some $3.593 billion for external debt servicing during the first quarter (Jul-Sep) of...

Updated 27 Jan, 2021 10:12am

Power plant at Gwadar: ECC’s approval sought for ‘unique’ QPPA

ISLAMABAD: Power Division has sought approval of the Economic Coordination Committee (ECC) of the Cabinet of an...

Updated 27 Jan, 2021 10:12am

Currency	Rate
USD PKR Interbank Selling / Jun 23	278.41
USD PKR Interbank Buying / Jun 23	278.21
USD to Japanese Yen / Jun 23	161.62
USD to Swiss Franc / Jun 23	0.81
Pound Sterling to USD / Jun 23	1.32
Euro to USD / Jun 23	1.14
SOFR % / Jun 22	3.63

Stock	Volume
S&P 500 / Jun 22	7,472.79
Nasdaq / Jun 22	26,166.60
Dow Jones / Jun 22	51,712.71
India Sensex / Jun 23	77,126.37
Tokyo Nikkei / Jun 23	71,682.16
Hang Seng / Jun 23	23,705.66
FTSE 100 / Jun 23	10,371.04
Germany DAX 30 / Jun 23	24,854.19
France CAC40 / Jun 23	8,319.74

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 22	18,780
Gold 10 Grams PKR / Jun 22	378,345
Crude Oil USD/Barrel / Jun 23	73.59
Gold Spot USD/Ounce / Jun 23	4,122.19
Cotton US¢/pound / Jun 23	78.19
Petrol/Litre / Jun 24	299.50
Diesel/Litre / Jun 24	311.47

Stock	Price
Ghani Chemworld Limited (R) / Jun 23 Ghani Chemworld Limited Right(GCWLR)	7.01 ▲ 1 (16.64%)
Buxly Paints / Jun 23 Buxly Paints Limited(BUXL)	228.84 ▲ 20.8 (10%)
Dewan Farooque Sp. / Jun 23 Dewan Farooque Spinning Mills Limited(DFSM)	19.69 ▲ 1.79 (10%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	24.75 ▲ 2.25 (10%)
J.A.Textile / Jun 23 J.A. Textile Mills Limited(JATM)	30.47 ▲ 2.77 (10%)
Kohat Textile / Jun 23 Kohat Textile Mills Limited(KOHTM)	193.45 ▲ 17.59 (10%)
Mitchells Fruit / Jun 23 Mitchells Fruit Farms Limited(MFFL)	188.94 ▲ 17.18 (10%)
S.G.Power / Jun 23 S.G. Power Limited(SGPL)	73.59 ▲ 6.69 (10%)
Shadab Textile / Jun 23 Shadab Textile Mills Limited(SHDT)	61.83 ▲ 5.62 (10%)
Fateh Sports / Jun 23 Fateh Sports Wear Limited(FSWL)	101.17 ▲ 9.2 (10%)

Stock	Price
Agritech Non-voting / Jun 23 Agritech Non-Voting Preference(AGLNCPS)	36.02 ▼ -3.98 (-9.95%)
Azgard Nine (Non-Voti) / Jun 23 Azgard Nine (Non-Voti)(ANLNV)	7.20 ▼ -0.73 (-9.21%)
First Tri-Star Mod. / Jun 23 First Tri-Star Modaraba(FTSM)	30.74 ▼ -2.93 (-8.7%)
Aisha Steel (CPS) / Jun 23 Aisha Steel Mills Limited (CPS)(ASLCPS)	62.01 ▼ -5.79 (-8.54%)
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	20.35 ▼ -1.62 (-7.37%)
Quice Food / Jun 23 Quice Food Industries Limited(QUICE)	34.78 ▼ -2.68 (-7.15%)
Aisha Steel(ConPS) / Jun 23 Aisha Steel(ConPS)(ASLPS)	24.12 ▼ -1.78 (-6.87%)
Shahtaj Textile / Jun 23 Shahtaj Textile Limited(STJT)	138.11 ▼ -10.14 (-6.84%)
Din Tex. / Jun 23 Din Textile Mills Limited(DINT)	80.89 ▼ -5.92 (-6.82%)
East West Ins. / Jun 23 East West Insurance Company Limited(EWIC)	45.50 ▼ -3.04 (-6.26%)

Stock	Volume
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	63,830,312 ▲ 0.19
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	24,022,374 ▲ 0.74
TPL Corp Ltd / Jun 23 TPL Corp Limited(TPL)	14,735,648 ▼ -0.31
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	13,519,059 ▼ -1.62
TPL Properties / Jun 23 TPL Properties Limited(TPLP)	13,417,706 ▼ -0.1
Pak Qatar Family / Jun 23 Pak Qatar Family Takaful Limited(PAKQATAR)	9,811,063 ▲ 1.3
Ghani Chem. Ind. / Jun 23 Ghani Chemical Industries Limited(GCIL)	9,150,941 ▼ -0.14
Sitara Petroleum Service / Jun 23 Sitara Petroleum Service Limited(SPSL)	8,993,307 ▲ 0.33
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	8,346,419 ▲ 0.01
Sui North Gas / Jun 23 Sui Northern Gas Pipelines Limited(SNGP)	7,817,249 ▲ 2.38