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Archive - 2021-02-22
Vietnam to start COVID-19 vaccinations in March
South Asia

Vietnam to start COVID-19 vaccinations in March

  • The first wave of COVID-19 vaccinations, prioritising frontline medical workers and high-risk groups, will begin in March right after the first batch of the AstraZeneca vaccine arrives and passes quality checks.
  • The government said previously it was in talks with Russian and US vaccine manufacturers on potential supply agreements.
Updated 22 Feb, 2021 10:07pm
Ivory Coast rains revive hopes for a good cocoa crop
Commodities

Ivory Coast rains revive hopes for a good cocoa crop

  • Ivory Coast, the world's top cocoa producer, is in the dry season, when little rain tends to fall from mid-November to March.
  • All the farmers are happy. The ground received a lot of water, which gives us lots of hope for the mid-crop.
Updated 22 Feb, 2021 10:06pm
Using trade ties to secure doses, Chile moves fast on COVID-19 vaccination drive
USA

Using trade ties to secure doses, Chile moves fast on COVID-19 vaccination drive

  • That puts it in the top 10 globally of larger countries and compares to 172 days for Brazil and over 1,000 days for Mexico, which has faced delays in its inoculation program.
  • This global tragedy perhaps gives us the opportunity as Chileans not just to get a shot in the arm but reach out to people and soothe the nation's soul.
Updated 22 Feb, 2021 10:06pm
IMF says COVID-19 might widen wealth differences in Europe
Europe

IMF says COVID-19 might widen wealth differences in Europe

  • She said in the 27-nation EU, countries that are traditional tourist destinations, such as Spain, Greece, and Italy, contracted more than 9% in 2020 compared to an average contraction of 6.4% across the bloc.
  • According to IMF forecasts, by the end of 2022, per capita income for central and eastern Europe would be 3.8% below pre-crisis projections, compared with a shortfall of just 1.3% for advanced EU economies.
Updated 22 Feb, 2021 10:06pm
Bank of Israel holds benchmark interest rate at 0.1pc
Money & Banking

Bank of Israel holds benchmark interest rate at 0.1pc

  • All 15 economists polled by Reuters had said they expected the monetary policy committee to keep rates steady after doing so ever since cutting them from 0.25% early last April.
  • Central bank officials have expressed reluctance to lower the key rate from an all-time low to zero or into negative territory despite a strong shekel and three lockdowns.
Updated 22 Feb, 2021 10:06pm
Bank of Israel's statement after monetary policy meeting
Money & Banking

Bank of Israel's statement after monetary policy meeting

  • The broad unemployment rate increased during the third lockdown, to about 20 percent in the second half of January, after having declined to about 13 percent during the period between the lockdowns.
  • From the previous interest rate decision until January 14, the shekel strengthened by 3.2 percent in terms of the nominal effective exchange rate.
Updated 22 Feb, 2021 10:06pm
Turkcell could list or sell stake in units but not soon
Industry

Turkcell could list or sell stake in units but not soon

  • These assets should not be appraised within the metrics of a mobile telecom operator but within their own universe.
  • The company has restructured its digital services into separate companies to allow easy access for investors.
Updated 22 Feb, 2021 10:06pm
UK temporarily bans some 777s from its airspace after Denver incident
Europe

UK temporarily bans some 777s from its airspace after Denver incident

  • After issues this weekend, Boeing B777s with Pratt & Whitney 4000-112 series engines will be temporarily banned from entering the UK airspace.
  • Britain's regulator, the Civil Aviation Authority, noted on twitter that the particular configuration is not used by any UK airlines.
Updated 22 Feb, 2021 10:06pm
US seeks to extend, strengthen nuclear pact with Iran: Blinken
USA

US seeks to extend, strengthen nuclear pact with Iran: Blinken

  • Working with allies and partners, we will also seek to lengthen and strengthen the JCPOA (Joint Comprehensive Plan of Action) and address other areas of concern, including Iran's destabilizing regional behavior and ballistic missile development and proliferation.
Updated 22 Feb, 2021 10:06pm
US moderates reject Biden budget pick Tanden over 'mean tweets,' risking confirmation
USA

US moderates reject Biden budget pick Tanden over 'mean tweets,' risking confirmation

  • Neera Tanden has neither the experience nor the temperament to lead this critical agency. Her past actions have demonstrated exactly the kind of animosity that President Biden has pledged to transcend.
  • The confirmation fight underscored the influence a small group of moderates will have as Biden seeks to achieve his policy goals in the narrowly divided Congress.
Updated 22 Feb, 2021 10:05pm
Ivory Coast seeks to sell 100,000 tonnes of cocoa as buyers haggle
Commodities

Ivory Coast seeks to sell 100,000 tonnes of cocoa as buyers haggle

  • There are around 100,000 tonnes of cocoa held by small Ivorian exporters that the CCC is trying to sell, but the problem is that no-one is interested if the differential is not interesting.
  • Two CCC sources, asking not to be named, confirmed the volumes and the discounts requested by exporters.
Updated 22 Feb, 2021 10:05pm
Sri Lankan shares slip as industrials, financials drag
Stocks

Sri Lankan shares slip as industrials, financials drag

  • Lanka ORIX Leasing company slid 7.4% to be the biggest drag on the index, followed by a 2.8% fall in conglomerate John Keells Holdings.
  • Trading volume on the CSE All Share Index fell to 130.4 million, from 199.5 million in the previous session.
Updated 22 Feb, 2021 10:05pm
Indian shares drop as investors take profits, virus worries weigh
Stocks

Indian shares drop as investors take profits, virus worries weigh

*The NSE Nifty 50 index ended 2.04% lower at 14,675.70, clocking its biggest one-day drop since Dec. 21. The S&P BSE Sensex closed down 2.25% at 49,744.32. * There is a round of profit-booking that is still happening ... valuations remain high and we are seeing a consolidation.
Updated 22 Feb, 2021 10:05pm
Biden to revise small business loans to reach smaller, minority firms
USA

Biden to revise small business loans to reach smaller, minority firms

  • Biden administration officials said that for two weeks starting on Wednesday, the Small Business Administration will only accept applications for forgivable Paycheck Protection Program (PPP) loans from firms with fewer than 20 employees to ensure that they are not crowded out by larger firms.
  • The Small Business Administration will revise the rules to match the approach used to allow small farmers and ranchers to receive aid, the businesses said.
Updated 22 Feb, 2021 10:05pm
Moderate inflation in India provides room to support growth: MPC minutes
Money & Banking

Moderate inflation in India provides room to support growth: MPC minutes

  • The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.
  • The near-term outlook for inflation appears less risky than the near-term challenges for growth which warrant continuing policy support, at least until the elusive engine of investment fires and consumption, the mainstay of aggregate demand in India, stabilizes.
Updated 22 Feb, 2021 10:04pm
M&T Bank to buy People's United Financial in $7.6bn deal
Money & Banking

M&T Bank to buy People's United Financial in $7.6bn deal

  • The combined bank will have a network of more than 1,100 branches and over 2,000 ATMs across 12 US states, M&T Bank said in a statement on Monday.
  • "The merger extends our reach by providing customers access to a larger banking network and an expanded array of services," People's United Chief Executive Officer Jack Barnes said.
Updated 22 Feb, 2021 10:04pm
Vodafone's Czech business in talks on cooperation with CEZ
Companies

Vodafone's Czech business in talks on cooperation with CEZ

  • Financial daily Hospodarske Noviny reported on Monday that CEZ, central Europe's largest listed energy group, was interested in buying Vodafone's Czech business.
  • Shares in CEZ, 70% owned by the state, were down 0.4% to 518 crowns by midday on Monday, outperforming the market.
Updated 22 Feb, 2021 10:04pm
Shares in Italian motorway group ASTM soar on buyout offer
Stocks

Shares in Italian motorway group ASTM soar on buyout offer

  • The approach follows similar moves this year in Italy at coffee producer Zanetti and packaging equipment firm IMA as investors take advantage of record low interest rates.
  • A drop in motorway traffic caused by the pandemic had driven ASTM shares down to Friday's close of around 20 euros from 25 euros a year ago, just before COVID-19 contagion hit Italy.
Updated 22 Feb, 2021 10:04pm
US clearinghouse Apex to go public via $4.7bn deal with Ledecky's SPAC
Companies

US clearinghouse Apex to go public via $4.7bn deal with Ledecky's SPAC

  • The deal comes in the backdrop of a boom in business for clearinghouses, driven by a recent social media-fueled trading frenzy for heavily-shorted stocks such as GameStop and others.
  • Northern Star, led by Ledecky and former Cosmopolitan magazine editor-in-chief Joanna Coles, last month raised $400 million in an initial public offering.
Updated 22 Feb, 2021 10:04pm
UAE and Qatar hold first meeting since Gulf détente
Middle East

UAE and Qatar hold first meeting since Gulf détente

  • The two sides discussed joint mechanisms and procedures for implementing the al-Ula statement. They emphasised the importance of preserving Gulf kinship and developing joint Gulf action in the interest of GCC countries and their citizens, and of achieving stability and prosperity in the region.
Updated 22 Feb, 2021 10:04pm
Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment
USA

Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment

  • The current US unemployment rate is 6.3%, compared with 3.5% before the pandemic - a level widely viewed as effectively full employment.
  • Success to me would be if we could get back to pre-pandemic levels of unemployment and see the re-employment of those who have lost jobs in the service sector, particularly - I would also consider them a measure of success.
Published 22 Feb, 2021 09:38pm
TSX falls weighed by inflation concerns
Stocks

TSX falls weighed by inflation concerns

  • Toronto Stock Exchange's S&P/TSX composite index was down 31.43 points, or 0.17%, at 18,352.84.
  • US crude and Brent crude prices rose around 2%, while Spot Gold gained 1.37%.
Published 22 Feb, 2021 09:36pm
Ukraine accuses Russian networks of new massive cyber attacks
Europe

Ukraine accuses Russian networks of new massive cyber attacks

  • "It was revealed that addresses belonging to certain Russian traffic networks were the source of these coordinated attacks," the Council said.
  • Ukraine's army said this month that five of its service personnel were killed over the week ended on Feb. 14 despite a ceasefire with pro-Russian separatists in the east of the country.
Published 22 Feb, 2021 09:34pm
ECB getting uncomfortable with rise in yields
Money & Banking

ECB getting uncomfortable with rise in yields

  • Risk-free overnight indexed swap rates and sovereign yields are particularly important, because they are good early indicators of what happens at downstream stages of monetary policy transmission.
  • "Accordingly, the ECB is closely monitoring the evolution of longer-term nominal bond yields," she said.
Published 22 Feb, 2021 09:30pm
'Real-world' UK data shows 70pc decline in COVID infections after first Pfizer shot
Europe

'Real-world' UK data shows 70pc decline in COVID infections after first Pfizer shot

  • "Overall, we're seeing a really strong effect to reducing any infection, asymptomatic and symptomatic," PHE's strategic response director Susan Hopkins told a media briefing.
  • "Hospitalisation and deaths rates are falling in all age groups, but the oldest age groups are seeing the fastest decline since the peak in mid-January," a PHE statement said.
Published 22 Feb, 2021 09:27pm
US Supreme Court paves way for release of Trump's tax returns
USA

US Supreme Court paves way for release of Trump's tax returns

  • "The work continues," Vance said in a statement issued after the court's action.
  • Vance had previously said in a letter to Trump's lawyers that his office would be free to immediately enforce the subpoena if the justices rejected Trump's request.
Published 22 Feb, 2021 09:25pm
Kuwait's Jazeera Airways considering 13 jet order, chairman
Companies

Kuwait's Jazeera Airways considering 13 jet order, chairman

  • The budget carrier has long mulled an aircraft order to expand and replace its fleet of leased Airbus, but decided against going head with such a deal as recently as 2019.
  • We have put in place a five-year plan in which the number of our fleet aircraft will increase from 17 to 30 aircraft within five years ending in 2025.
Published 22 Feb, 2021 09:22pm
Property agent Foxtons confirms talks to buy rival Douglas & Gordon, shares fall
Stocks

Property agent Foxtons confirms talks to buy rival Douglas & Gordon, shares fall

  • Shares of the company, which last year tapped markets for additional cash and furloughed employees, fell as much as 18% after it also said any final deal would be funded through existing cash.
  • Rival Countrywide in December agreed to Connells' sweetened buyout proposal after struggling for many years as Brexit and the health crisis added to pressure from a botched restructuring in 2015.
Published 22 Feb, 2021 09:20pm
Motiva restarts biggest US refinery in Port Arthur, Texas
Companies

Motiva restarts biggest US refinery in Port Arthur, Texas

  • The cold snap caused unexpected shutdown of process units from steam loss, Motiva said in a filing with the Texas Commission on Environmental Quality (TCEQ).
  • Exxon Mobil Corp began restarting its 369,024 bpd Beaumont refinery on Sunday.
Published 22 Feb, 2021 09:17pm
Irish COVID-19 jobless claims fall for second successive week
Europe

Irish COVID-19 jobless claims fall for second successive week

  • Pandemic Unemployment Payment claims dropped by 0.9% week-on-week to 473,400, still around 200,000 higher than in December, before most building sites, shops and hospitality facilities shut.
  • The government has said any reopening of society from next month will be very gradual, with the hospitality sector likely to remain shut until mid-summer.
Published 22 Feb, 2021 09:13pm
Alphabet in talks with Spanish publishers to bring Google News back
Technology

Alphabet in talks with Spanish publishers to bring Google News back

  • Google News, which links to third party content, closed in Spain in late 2014 in response to legislation which meant it had to pay a mandatory collective licensing fee to re-publish headlines or snippets of news.
  • Spain's Culture Ministry said the government was working on a draft bill, but declined to give further details.
Published 22 Feb, 2021 09:09pm
PA Speaker meets CM Punjab
Pakistan

PA Speaker meets CM Punjab

  • The Chief Minister said that all the candidates of the government alliance would succeed, adding that consultation had been started in this regard.
Published 22 Feb, 2021 08:30pm
We need to be alert from the start against Lazio: Bayern's Flick
Sports

We need to be alert from the start against Lazio: Bayern's Flick

  • Bayern have won six titles in the past nine months but have stumbled in their last two league matches with a 3-3 draw against visiting Arminia Bielefeld and a 2-1 defeat on Saturday by Eintracht Frankfurt.
  • "We know what has happened in the past days," Flick said on the two matches last week. "Against Lazio I want us to be there as a team from the start.
Published 22 Feb, 2021 07:59pm
Dr Faisal Sultan gets first jab of COVID-19 vaccine
Pakistan

Dr Faisal Sultan gets first jab of COVID-19 vaccine

  • Pakistan would be able to get 17 million doses of the COVID-19 vaccine before June this year, including doses of AstraZeneca vaccine that would start arriving in the first week of March, said SAPM.
  • “The process to register people aged above 65 for the immunisation process has begun,” said SAPM.
Updated 22 Feb, 2021 07:44pm
PDM names Gillani as its candidate for Chairman Senate post
Pakistan

PDM names Gillani as its candidate for Chairman Senate post

  • The development was made during the meeting between Pakistan People’s Party (PPP) delegation and Jamiat Ulema Islam chief over the upcoming Senate elections.
  • “I am extremely grateful to the PDM for expressing confidence in me," says Gillani
Updated 22 Feb, 2021 07:15pm
Singapore freezes two firms' bank accounts after alleged nickel fraud
South Asia

Singapore freezes two firms' bank accounts after alleged nickel fraud

  • Investors were promised varying returns, depending on the scheme they joined. Investigations arose due to the suspicion that investor monies were misused.
  • While investigations are being conducted, the local bank accounts of Envy Global Trading and Envy Asset Management have been frozen by authorities and customer funds are fully protected.
Published 22 Feb, 2021 07:03pm
UK's Prince Philip is ‘OK’, says grandson Prince William
Europe

UK's Prince Philip is ‘OK’, says grandson Prince William

  • "Yes, he's OK, they're keeping an eye on him," William said on a visit to a vaccination centre in eastern England. Royal reporters said he delivered his message with a wink.
  • A royal source said doctors had been acting out of an abundance of caution and that Philip was in good spirits.
Published 22 Feb, 2021 07:00pm
Mortgage vendor IPO woes reflect US housing market peak
Financial

Mortgage vendor IPO woes reflect US housing market peak

  • Five mortgage vendors have scaled back or canceled plans to go public in the last four months, as investors flinched at their frothy valuations.
  • Investors don't like buying into a company at the start of a down cycle, and mortgage originations are an extremely cyclical business.
Published 22 Feb, 2021 06:54pm
Oil producers eye long road to recovery as Texas begins to thaw
Energy

Oil producers eye long road to recovery as Texas begins to thaw

  • The shut in oil production represents 2 to 4% of global supply, so a slow recovery would tighten worldwide crude markets and may bolster prices that already hit a one-year peak earlier this week.
  • "I think it will be a while before things get better out in the field," one executive at a Permian producer said, on condition of anonymity.
Published 22 Feb, 2021 06:53pm
Data center firm Cyxtera to go public via $3.4bn deal with Starboard SPAC
Companies

Data center firm Cyxtera to go public via $3.4bn deal with Starboard SPAC

  • As part of the deal with Starboard Value Acquisition Corp , Cyxtera will receive $654 million, including $250 million from private investors such as Fidelity Management & Research Company LLC and clients of Starboard.
  • Cyxtera operates around 61 data centers across the globe and counts nearly 2,300 organizations among its customers.
Published 22 Feb, 2021 06:46pm
Don't ignore ‘lockdown fatigue’, UK watchdog tells finance bosses
Europe

Don't ignore ‘lockdown fatigue’, UK watchdog tells finance bosses

  • Many staff at financial companies have been working from home since Britain went into its first lockdown in March last year to fight the COVID-19 pandemic.
  • During this third lockdown, there has been a greater impact on mental well-being, with many people struggling with job security, caring responsibilities, home schooling, bereavements and lockdown fatigue.
Published 22 Feb, 2021 06:44pm
Iranian lawmakers criticise Tehran's deal with IAEA on snap inspections
South Asia

Iranian lawmakers criticise Tehran's deal with IAEA on snap inspections

  • "The government has no right to decide and act arbitrarily," said Mojtaba Zolnour
  • "This arrangement is an insult to the parliament."
  • Iran has not said which cameras at which facilities, but the Additional Protocol Iran is scrapping does generally extend IAEA monitoring to some activities such as uranium mining.
Published 22 Feb, 2021 06:20pm
Armenia seeks bigger Russian military presence on its territory
Europe

Armenia seeks bigger Russian military presence on its territory

  • Ethnic Armenian troops in the Nagorno-Karabakh region ceded swathes of territory in and around the enclave to Azerbaijan in a six-week conflict in 2020 that claimed thousands of lives.
  • The question of expanding and bolstering the Russian military base on the territory of Armenia has always been on the agenda.
Published 22 Feb, 2021 06:17pm
Oil spill off Israel reaches south Lebanese beaches
Energy

Oil spill off Israel reaches south Lebanese beaches

  • Lebanon's Diab has tasked the defence minister, environment minister and the National Council for Scientific Research with the follow-up, a statement from his office said.
  • The United Nations interim forces in Lebanon will be informed to draw up an official report, the statement said.
Published 22 Feb, 2021 06:15pm
Turkey to streamline monthly labour market data
Europe

Turkey to streamline monthly labour market data

  • The agency will publish data for the first two months of the year at the same time in April, as well as comparable series, according to the new definitions and methodology.
  • The last published labour data showed Turkey's unemployment rate ticked up to 12.9% in the October-December period.
Published 22 Feb, 2021 06:08pm
Alec Gores, Guggenheim-backed SPAC seeks to raise $750 million via IPO
Stocks

Alec Gores, Guggenheim-backed SPAC seeks to raise $750 million via IPO

  • Gores Guggenheim, co-sponsored by Gores Group LLC and Guggenheim, said it plans to sell 75 million units composed of shares and warrants, priced at $10 per unit on the Nasdaq Capital Market.
  • Another Gores-backed SPAC, Gores Holdings VI Inc, earlier this month agreed to take 3D camera maker Matterport Inc public for $2.9 billion.
Published 22 Feb, 2021 06:04pm
US money markets bringing forward Fed rate hike bets to end-2022
Financial

US money markets bringing forward Fed rate hike bets to end-2022

  • Eurodollar futures contracts maturing in December 2022, were pricing in roughly 18 basis points worth of rate hikes by the end of next year.
  • Current pricing implies an almost 70% chance of such a move by end-2022, analysts said, up from the 52% chance priced a week ago.
Published 22 Feb, 2021 05:53pm
Sterling rises above $1.40; long positions at one-year high
Forex

Sterling rises above $1.40; long positions at one-year high

  • Sterling reached its highest levels since April 2018 when it crossed $1.40 on Friday. It has risen 2.6% against the dollar in 2021 and its rapid gains have led to talk of a possible correction.
  • Some 17.6 million people, over a quarter of the 67 million population, have now received a first dose of a COVID-19 vaccine.
Published 22 Feb, 2021 05:47pm
Uganda's Wine withdraws election result challenge, alleges bias
Africa

Uganda's Wine withdraws election result challenge, alleges bias

  • Museveni, a former guerrilla leader who has led the East African country since 1986, was declared winner of the Jan. 14 election with 59% of the vote, while Wine was given 35%.
  • "We have decided to withdraw from their court," Wine told a news conference in the capital Kampala. "The courts are not independent, it is clear these people (judges) are working for Mr. Museveni."
Published 22 Feb, 2021 05:46pm
Naval Chief visits PMSA headquarters in Karachi
Pakistan

Naval Chief visits PMSA headquarters in Karachi

  • He was briefed on the duties and operational activities of the Maritime Security Agency at the Maritime Operation Centre during a meeting that was presided over by him.
  • The Naval Chief also paid a visit to the headquarters of Maritime Rescue Coordination Centre.
Updated 22 Feb, 2021 05:20pm
Here’s how Unilever Pakistan is helping to clean up and #FaceThePlastic
Pakistan

Here’s how Unilever Pakistan is helping to clean up and #FaceThePlastic

Let’s face it: the past year has created an unprecedented amount of plastic waste in the form of disposable face masks and other personal protective equipment we’ve been using to stay safe. That’s why this year, it’s time to reevaluate the place of plastic waste — to truly take responsibility and #FaceThePlastic.
Updated 22 Feb, 2021 05:18pm
Temperature likely to remain low in Karachi: Met office
Pakistan

Temperature likely to remain low in Karachi: Met office

  • As per the Met office, the heat intensity in the port city during the day may be less and the maximum temperature will likely to remain below 30°C.
  • The weather department said that due to fog, the visibility is up to 4km near the airport in Karachi.
Published 22 Feb, 2021 04:58pm
COVID-19 caused $220 billion of global dividend cuts in 2020: Research
World

COVID-19 caused $220 billion of global dividend cuts in 2020: Research

  • According to research, the coronavirus pandemic led to a sharp decline in global dividends last year, with the amount of investor payouts declining by 12.6% to $1.26 trillion.
  • As the public health crisis impacted every corner of the globe, prompting lockdowns and inhibiting economic activity, dividend cuts amounted to $220 billion, according to the Global Dividend Index.
Updated 22 Feb, 2021 03:42pm
Foreign experts to arrive in Pakistan today to devise viable model for PIA
Pakistan

Foreign experts to arrive in Pakistan today to devise viable model for PIA

  • The four-member team is arriving in Pakistan on the invitation of Adviser to the Prime Minister on Institutional Reforms and Austerity Dr Ishrat Hussain.
  • The team will undertake a business model review and also meet government officials at the finance ministry, Dr Hussain, senior government officials and the airline’s chief executive officer, Arshad Malik.
Updated 22 Feb, 2021 03:41pm
Pandemic used as 'pretext' to crush dissent: UN chief
World

Pandemic used as 'pretext' to crush dissent: UN chief

  • Speaking in a pre-recorded video message to the largely virtual meeting of the Geneva-based body, the UN chief also decried widespread misinformation around the world about the coronavirus and the pandemic.
Published 22 Feb, 2021 02:50pm
Regal Automobile offers compensation over late delivery of Glory 580 Pro
Pakistan

Regal Automobile offers compensation over late delivery of Glory 580 Pro

  • As compensation, the company has offered free maintenance of 1 year or 12,000 kilometers (which comes first) as a goodwill gesture.
  • As per the company, one year or 12,000kms maintenance which includes three oil changes, three oil filters change, one air filter change and free periodic maintenance at 1000kms, 5000kms and 10,000kms (Labor only).
Updated 22 Feb, 2021 02:16pm
Tokyo stocks close higher on recovery hopes
Stocks

Tokyo stocks close higher on recovery hopes

  • In Tokyo trading, market heavyweight SoftBank Group jumped 1.73 percent to 10,530 yen while Uniqlo casual wear operator Fast Retailing gained 0.14 percent to 104,900 yen.
Published 22 Feb, 2021 01:12pm
Nomination papers of PTI's Saifullah Abro rejected
Pakistan

Nomination papers of PTI's Saifullah Abro rejected

  • Abro had filed nomination papers on the PTI ticket to contest the Senate election from Sindh on technocrat seat
  • The PTI leader's nomination papers were approved by the returning officer but challenged in the appellate tribunal of the high court
Published 22 Feb, 2021 01:03pm
Indian shares edge lower as lenders drag
Stocks

Indian shares edge lower as lenders drag

  • On the Nifty 50, lenders Housing Development Finance Corp , Axis Bank and state Bank of India were among the top five drags, falling between 0.8% and 1.5%.
Published 22 Feb, 2021 12:27pm
Recovery bets drive dollar to fresh lows
Forex

Recovery bets drive dollar to fresh lows

  • "There's a tide of higher rates across the board, and whether the US does an extra five basis points than Germany is neither here nor there," said Jason Wong, senior market strategist at BNZ in Wellington.
Published 22 Feb, 2021 12:25pm