News Archives for Latest - 2021-03-26

Money & Banking

SocGen in talks with Amundi, State Street over Lyxor fund arm sale

Lyxor is being valued at about half the 1 billion euro ($1.2 billion) it was targeting, with bidders only willing to offer about 400-500 million euros due to growth challenges and fallout from the coronavirus crisis, the sources said.
German asset manager DWS and US financial services firm Northern Trust were the latest to walk away, the sources said, speaking on condition of anonymity.

Published 26 Mar, 2021 09:53pm

Companies

SoFi to allow members to buy into IPOs

The move by SoFi comes a day after Reuters reported online brokerage Robinhood was building a platform to "democratize" IPOs, including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.

Published 26 Mar, 2021 09:51pm

South Asia

Myanmar junta says protesters will be shot in the head

In the first acknowledgement of a shoot-to-kill order by the army, a broadcast on the MRTV news channel directed at protesters said: "You should learn... that you can be in danger of getting shot to the head and back."
Its data shows that at least 25 percent of those who were killed died from shots to the head, raising suspicions they were deliberately targeted for killing.

Published 26 Mar, 2021 09:50pm

USA

US Senate Democrats introduce resolution to undo Trump-era rules that curbed shareholder voting rights

The move under the Congressional Review Act, a 1996 law that requires only a simple majority vote in the two chambers of Congress, allows the legislature to reverse recently finalized rules.
Democrats hold slim majorities in the House of Representatives and the Senate.

Published 26 Mar, 2021 09:48pm

Energy

Suez ship congestion could delay LNG deliveries to Europe

The giant ship ran aground on Tuesday. The Suez Canal stepped up efforts on Friday to free the ship and end a blockage on the main route for European imports of LNG from the Middle East and for some cargoes heading to Asia from the Mediterranean.
There are now six LNG vessels waiting to enter the canal, with four of them at the southern Red Sea end and two in the Mediterranean, according to data intelligence firm Kpler. A seventh ship is already in the canal, the data showed.

Published 26 Mar, 2021 09:46pm

Sports

Italy to host Euro 2020 opener with crowd, says federation chief

"I'm sure that we will open the European Championship in Rome and that we will do it with a crowd in the stadium," Gravina told a news conference on Friday.
"I still don't know how many spectators there will be, but there will definitely be a crowd."

Published 26 Mar, 2021 09:44pm

USA

US voting tech company sues Fox News for $1.6bn over election-fraud claims

The lawsuit follows similar cases against Trump campaign lawyer Sidney Powell and the Republican former president's personal lawyer Rudy Giuliani, according to Shackelford.
Trump lost the November 2020 election to Biden, a Democrat, but continued to make false claims of widespread voter fraud, which Dominion said was amplified by Fox.

Published 26 Mar, 2021 09:42pm

USA

EU tells Canada it is not target of vaccine transparency measures

"Executive Vice President Dombrovskis reiterated that the EU's measures are focused on ensuring transparency and a balanced approach to vaccination roll-out, and are not meant to target Canada," the statement said.

Published 26 Mar, 2021 09:40pm

Energy

Oil jumps 4pc on fears Suez Canal blockage may last weeks

Brent, WTI set for 3rd weekly loss.
Ship blocking Suez may take weeks to free-salvage firm.
Shipping rates rise, oil and gas tankers diverted.
UAE's ADNOC deepens supply cuts to Asia in June –sources.

Published 26 Mar, 2021 09:37pm

Forex

Brazil's real eyes longest losing streak since October

Real slides for fifth straight session.
Oil jump boosts Mexico, Colombia FX.
Colombia c.bank seen holding rates.

Published 26 Mar, 2021 09:36pm

Forex

Dollar buoyant as economic outlook brightens

Dollar holds gains against major currencies.
Rises to highest vs. Japanese yen since June.

Published 26 Mar, 2021 09:34pm

Stocks

Energy stocks lift TSX as crude oil jumps on supply concerns

The energy sector climbed 1.2%, as US crude prices jumped 3.6% and Brent crude added 3.3%.
Toronto Stock Exchange's S&P/TSX composite index was up 29.14 points, or 0.16%, at 18,680.24.

Published 26 Mar, 2021 09:32pm

Stocks

Wall Street climbs on boost from financials, tech stocks

Nio falls on temporary production suspension.
L Brands hits over 4-year high on forecast boost.
Indexes up: Dow 0.46%, S&P 0.48%, Nasdaq 0.36%.

Updated 26 Mar, 2021 09:33pm

Pakistan

NCOC asks provinces to strictly enforce COVID-19 SOPs

Federal Minister for Planning and Development Asad Umar chaired that NCOC meeting in Islamabad to discuss the overall COVID-19 situation in the country.
The participants expressed displeasure over violation of COVID-19 SOPs in public places, marriage ceremonies, restaurants and in the transport sector across the country.

Published 26 Mar, 2021 09:14pm

Commodities

Wheat down 2-4 cents, corn steady-down 2 cents, soybeans mixed

Good soil moisture that is boosting crop prospects in key growing areas pressures wheat futures.
On a continuous basis, the most-active CBOT soft red winter wheat contract hit a three-month low overnight and was on track for a weekly drop of 2.6%, which would be its biggest since early February.

Published 26 Mar, 2021 08:27pm

Companies

Tunisia faces exodus of Western oil giants

Shell, Eni are seeking to sell oil, gas assets –source.
OMV preparing to launch asset sales, sources say.
Tunisia has struggled to attract investments since 2011.

Published 26 Mar, 2021 08:27pm

Forex

Sterling strengthens, helped by UK vaccine rollout and better retail sales

Sterling's gains versus the euro this year have been largely due to Britain's faster vaccine rollout, relative to Europe, analysts say, meaning that the EU-UK vaccine row could affect euro-sterling.
Brussels and London sought to cool tension on Wednesday, declaring they were working "to create a win-win situation and expand vaccine supply for all our citizens".

Published 26 Mar, 2021 08:23pm

Commodities

Gold set for first weekly fall in three on firmer dollar, yields

Dollar holds close to over four-month peak.
SPDR Gold ETF holdings down over 140 tonnes so far this year.
Gold trapped in range bound trade – analyst.

Published 26 Mar, 2021 08:21pm

Energy

US natgas futures flat as mild weather offsets record LNG exports

On its second to last day as the front-month, gas futures for April delivery remained unchanged at $2.568 per million British thermal units (mmBtu) .
Traders noted the 200-day moving average has become a strong price floor or technical level of support. The front-month has not settled below the 200-day since September 2020.

Published 26 Mar, 2021 08:16pm

South Asia

Four people killed in Bangladesh during protests against visit of India's Modi

"We had to fire teargas and rubber bullets to disperse them as they entered a police station and carried out extensive vandalism," Rafiqul Islam, the police official told Reuters, referring to protesters.
The protesters in Chittagong were from the Hefazat-e-Islam Bangladesh, an Islamist group opposed to the visit of Modi, who critics say has been pushing a Hindu-first agenda in India.

Published 26 Mar, 2021 08:14pm

Money & Banking

Citi hires Goldman's chief diversity officer

Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.

Published 26 Mar, 2021 08:12pm

Stocks

Shares and dollar rise as world's costliest traffic jam builds

Economic optimism countered by worries about China-US tensions.
Euro/dollar lowest since Nov on divergent COVID outlooks.
Oil settles as efforts to refloat beached Suez tanker continue.
Turkey's lira set for worst week since 2018 after cbank sacking.

Published 26 Mar, 2021 08:10pm

Commodities

Wheat slips to new three-month low on ample supply outlook

The most-active wheat futures contract on the Chicago Board of Trade was down 0.3% at $6.10-1/2 a bushel by the end of the overnight session, near the session low of $6.08-1/4 that was its lowest since Dec 28.
"The market isn't concerned about any supply issues right now, so the market is on the defensive," a Melbourne-based grains trader said of wheat.

Published 26 Mar, 2021 08:06pm

Money & Banking

What's a liquid asset? Bank of England will say in July

To support that international work, the Financial Policy Committee will set out in the next Financial Stability Report its view on how a liquidity classification could be developed and an approach for how more consistent and complete swing pricing could be developed in order to promote financial stability.
Swing pricing refers to a charge imposed on investors who want cash back in times of stress.

Published 26 Mar, 2021 08:07pm

Commodities

Copper cheered by US economic data, new lockdowns weigh

While benchmark copper on the London Metal Exchange traded up 1.6% at $8,918.5 a tonne in official rings, prices of the metal used as a gauge of economic health by investors are down about 7% since hitting 9-1/2-year highs of $9,617 last month.
"We are in a consolidation period, not necessarily because of fundamentals," said Julius Baer analyst Carsten Menke.

Published 26 Mar, 2021 08:04pm

Europe

EU pledges to keep AstraZeneca doses in the bloc for now

"Of course, AstraZeneca has been an issue...We had a problem with this company," Breton said, adding that all other suppliers were doing well.
We have the tools and will make sure everything stays in Europe until the company will come back to its commitments.

Published 26 Mar, 2021 08:02pm

Money & Banking

Brazil health crisis forces Santander into office retreat

Santander Brasil's retreat is the latest sign of tension between a corporate eagerness to re-open offices and the growing risk of contagion as Brazil's COVID-19 crisis worsens.
"There are no hospital beds left, so banks are sending workers back home," Ivone Silva, head of the bank workers' union in the Sao Paulo region said.

Published 26 Mar, 2021 08:01pm

Pakistan

Nadeem Babar has been asked to resign by PM Imran over petrol crises: Asad Umar

"Secretary for Petroleum Division (Mian Asad Hayauddin) will also be asked to report to the Establishment Division once his replacement is finalised," Umar said.
The FIA would bring forward the report carrying out a forensic audit within 90 days, he added.

Updated 26 Mar, 2021 08:03pm

Africa

Sudan says World Bank to provide grants, funding after arrears clearance

The World Bank is expected to provide grants worth a total of $2 billion over two years for national development projects, the statement said.

Published 26 Mar, 2021 07:59pm

Africa

Kenya's president orders new lockdown to battle COVID-19 wave

In a televised address, Kenyatta said a wave of new lockdown measures including a stricter curfew and the closure of bars in the capital were essential to fight the pandemic.
The curbs come one week ahead of the Easter holiday, when many Nairobi residents travel to other parts of the country.

Published 26 Mar, 2021 07:57pm

Forex

Canadian dollar pares weekly decline as oil rallies

Canadian dollar strengthens 0.3% against the greenback.
For the week, the loonie is on course to decline 0.6%.
Price of US oil increases 2.1%.
Canadian bond yields rise across much of a steeper curve.

Published 26 Mar, 2021 07:55pm

Forex

Turkish lira weakens anew as central bank worries resurface

The lira dropped to as far as 8.09 before trimming losses to 1% to stand at 8.01 at 1300 GMT. It has shed some 10% of its value since Naci Agbal was sacked as central bank governor early on Saturday.
"The new governor at the very, very least has to hold pat in the April 15 meeting, and ideally with a tightening bias," said Patrick Esteruelas, head of research at Emso Asset management in New York.

Published 26 Mar, 2021 07:54pm

Stocks

TSX opens higher on energy boost

Toronto Stock Exchange's S&P/TSX composite index was up 43.99 points, or 0.24%, at 18,695.09.

Published 26 Mar, 2021 07:52pm

USA

Cold weather depresses US consumer spending; inflation muted

Consumer spending falls 1.0% in February.
Personal income drops 7.1%; saving rate dips to 13.6%.
Core PCE price index gains 0.1%; up 1.4% year-on-year.

Published 26 Mar, 2021 07:50pm

Stocks

Wall St opens higher on recovery hopes

The Dow Jones Industrial Average rose 61.6 points, or 0.19%, at the open to 32681.07.
The S&P 500 rose 7.6 points, or 0.19%, at the open to 3917.12, while the Nasdaq Composite rose 18.3 points, or 0.14%, to 12996.026 at the opening bell.

Published 26 Mar, 2021 07:49pm

Europe

Watch out for Russia and China, UK's cyber security boss says

"In cyber - like in other areas of security - Russia poses the most acute and immediate threat to the UK," Lindy Cameron, the CEO of the National Cyber Security Centre (NCSC).
"We must be clear-eyed about Chinese ambition in technological advancement," said Cameron, a former official in the Northern Ireland office. "China will change the world we live in in a much more fundamental way than Russia will."

Published 26 Mar, 2021 07:46pm

USA

Corning to get additional US government funding to boost vial production for COVID-19 vaccines

The new funding is in addition to a $204 million contract the company received in June 2020 from the US Department of Health and Human Services, Corning said.
Glass vial makers have been scaling up production to meet growing demand from COVID-19 vaccine makers that have been racing to meet global supply targets.

Published 26 Mar, 2021 07:44pm

Europe

UK COVID-19 cases estimated to be shrinking less slowly

The daily growth rate of COVID-19 infections was between -5% and -2%, meaning the number of new infections is shrinking by between 2% and 5% each day, compared to -6% and -3% last week.

Published 26 Mar, 2021 07:43pm

Energy

Oil prices rise over 3pc on fears Suez blockage may last weeks

Brent, WTI rise about 2% but set for 3rd weekly loss.
Ship blocking Suez may take weeks to free-salvage firm.
Shipping rates rise, oil and gas tankers diverted.
UAE's ADNOC deepens supply cuts to Asia in June –sources.

Published 26 Mar, 2021 07:41pm

USA

Brazil posts smallest current account deficit in 13 years, FDI inflows jump

The current account deficit of 0.48% of gross domestic product in the 12 months to February was down from 0.64% the previous month and the smallest since February 2008, central bank figures showed.
The current account deficit in the month was $2.3 bln, in line with the median forecast of a $2.4 bln shortfall in a Reuters poll of economists. That was down from a $4.7 bln deficit a year ago.

Published 26 Mar, 2021 07:39pm

Industry

UK's Renishaw sees annual profit surge on chip sector demand, cost cuts

Renishaw makes precision measurement equipment used in products ranging from jet engines to smartphones, and demand for electronic items has skyrocketed during the COVID-19 pandemic.
As part of a new strategy, the group has also been reducing costs over the past year with measures including resizing, restructuring and job cuts.

Published 26 Mar, 2021 07:37pm

Stocks

Wall Street bonuses jump 10pc in 2020, says NY state comptroller

"Wall Street's near-record year shattered all expectations," New York State Comptroller Thomas DiNapoli said.
"The early forecast of a disastrous year for financial markets was sharply reversed by a boom in underwriting activity, historically low interest rates, and surges in trading spurred by volatile markets," he added.

Published 26 Mar, 2021 07:35pm

South Asia

Philippines marks daily record for COVID-19 cases, as vaccine hesitancy grows

Country reports over 39,000 new COVID-19 cases in past 5 days.
Six of 10 Filipinos unwilling to get vaccinated –poll.
World Bank downgrades Philippines' GDP growth forecast.

Published 26 Mar, 2021 07:34pm

Sports

DAZN wins top broadcast rights for Serie A in Italy

DAZN beat a rival bid by USComcast's unit SKY which had offered 2.25 billion euros to screen Serie A on its satellite and digital terrestrial TV platforms.
At a teleconference meeting, 16 out of 20 clubs backed DAZN's bid to buy the rights to broadcast all Serie A's matches, said the two sources, who are attending meeting.

Published 26 Mar, 2021 07:32pm

Europe

Hit by third COVID wave, Portugal sees 2021 deficit exceeding goal

Joao Leao said "an unprecedented increase in spending" to support companies and employment was behind last year's deficit of 5.7%, which came after the first surplus in at least four decades reported in 2019, of 0.1%.
The budget gap, however, ended 2020 below the government's initial estimate of 7.3%.

Published 26 Mar, 2021 07:30pm

Companies

Suez Canal blockage could cost $6bn to $10bn in lost trade

"The problem is that the Suez Canal blockage is the straw that breaks global trade's back," the study's authors wrote.
"First, suppliers' delivery times have lengthened since the start of the year and are now longer in Europe than during the peak of the COVID-19 pandemic."

Published 26 Mar, 2021 07:15pm

Automobile

Is MG Extender coming to Pakistan?

The car which debuted earlier this week is based on the Maxus T90.
The twin-turbo mill offers 160kW and 500Nm together with an eight-speed ZF automatic, making it more suited to compete against the likes of segment leaders such as the Toyota HiLux and Ford Ranger.

Published 26 Mar, 2021 07:24pm

Europe

Italy's Draghi looks to reopen schools, says vaccines only way out of crisis

Draghi said the European Union had agreed at a summit this week to widen the scope for blocking exports of vaccines following the slow arrival of promised doses. He himself said he hoped to receive an AstraZeneca jab next week.

Published 26 Mar, 2021 07:13pm

Europe

Volunteers break rank to raise doubts in trial of Russia's second COVID-19 vaccine

The break-away group is led by trial volunteer Andrey Krinitsky, who is not a scientist. The group's findings were made public in an open letter on their blog on Wednesday.
EpiVacCorona, Russia's second vaccine to be registered, is a synthetic peptide vaccine which uses a different technology from the better-known Sputnik V shot.

Published 26 Mar, 2021 07:10pm

Commodities

India activity slows as dealers close the books

China premiums at $7.5-$10/oz versus $7-$9 last week.
Indian coronavirus cases jump to over 5-month peak.
Japan premiums edge up to $1/oz.

Published 26 Mar, 2021 07:11pm

Sports

Premier League to launch studies into impact of heading

The issue of dementia in the professional game was highlighted by the death of England's Nobby Stiles, who along with many of his 1966 World Cup-winning team mates, including Jack and Bobby Charlton, had been diagnosed with the condition.
The equipment will be fitted with sensors to provide precise measurements and the data will be independently verified.

Published 26 Mar, 2021 07:05pm

Sports

Netherlands players to follow Norway, Germany in Qatar protest

The Dutch protest will follow action taken by the players of Norway and Germany who wore shirts before their World Cup qualifiers this week voicing concern over the conditions for migrant workers in the Gulf country.
"I can give a scoop," De Ligt said, referring to the planned protest. "You will see what it is tomorrow."

Published 26 Mar, 2021 07:03pm

USA

New study to test Moderna vaccine in transmission prevention among college students

The trial, backed by the National Institutes of Health (NIH), is designed to determine if the vaccine, mRNA-1273, can prevent coronavirus infection, limit virus in the nose, and reduce transmission from vaccinated individuals to their close contacts.
The Prevent COVID U study, funded by the National Institute of Allergy and Infectious Diseases (NIAID), will monitor about 12,000 young adults across 20 universities over a five-month period.

Updated 26 Mar, 2021 07:04pm

Energy

India terms Saudi response to call for more oil supplies 'undiplomatic'

"I politely disagree with that kind of statement. Certainly India has its own strategy, when and how to use our own storage, and we are conscious about our interests," Pradhan said at an event.
He has blamed Saudi Arabia's voluntary production cuts for contributing to a spike in global oil prices.

Published 26 Mar, 2021 06:36pm

Industry

Brazil March industrial confidence at 7-month low, hammered by COVID

The Fundacao Getulio Vargas's national industrial confidence index for March fell 3.7 points to a seasonally adjusted 104.2 from 107.9 in February.
The central bank on Thursday revised up its 2021 outlook for the sector in its quarterly inflation report. It now expects industrial production to grow 6.4% this year, up from 5.1% in its last report.

Published 26 Mar, 2021 06:30pm

Europe

Erdogan says he reminded Chinese minister that Turkey expects 50mn doses of COVID-19 vaccines

Turkey has until now been using COVID-19 vaccines developed by Sinovac, received as part of an agreement to procure a total of 100 million doses, and has administered 14.6 million shots, with 8.2 million people having received a first dose, since Jan. 14 when the nationwide rollout began. On Thursday, Turkey said it has begun initial talks to procure Russia's Sputnik-V shot.

Published 26 Mar, 2021 06:21pm

Sports

Alonso signs news Real Sociedad deal

German newspaper Bild reported earlier this week that Alonso, who won the World Cup and two European Championship titles and was a Champions League winner at Liverpool and Real Madrid, was set to take over at Borussia Moenchengladbach next season.

Published 26 Mar, 2021 06:19pm

Companies

WeWork takes SPAC route to go public in $9bn deal

It marks a steep drop from the $47 billion that WeWork was valued for a listing in 2019, ahead of a botched listing plan that imploded due to investor concerns over its business model and its founder Adam Neumann's management style.
The startup told prospective investors it lost about $3.2 billion last year as part of a pitch for a stock market listing by merging with a special purpose acquisition company.

Published 26 Mar, 2021 06:15pm

Europe

Demand for German goods keeps factories humming through lockdown

The Ifo institute said its business climate index shot up to 96.6, the highest reading since June 2019, from an upwardly revised 92.7 in February. A Reuters poll of analysts had pointed to a March reading of 93.2.
Despite rising infection numbers, the German economy started spring with confidence," said Ifo President Clemens Fuest.

Published 26 Mar, 2021 06:13pm

Companies

Volkswagen to seek dieselgate damages from former CEO, Audi boss

"The Supervisory Board of Volkswagen AG has drawn a line under its clarification process and ended its investigation started in October 2015 into the causes of the diesel crisis and who was responsible for this," Volkswagen said.
Winterkorn's lawyers said in a statement the former CEO regretted the supervisory board's decision and rejected the accusations against him.

Published 26 Mar, 2021 06:12pm

Middle East

Lebanon's PM Diab says Combilift found dangerous substances in Zahrani plant

A report by the company was reviewed by Lebanon's nuclear energy authority and the materials were found to be dangerous nuclear substances, a statement by the country's higher defense council quoted Diab as saying.

Published 26 Mar, 2021 06:08pm

Companies

ArcelorMittal looking for partners, subsidies for cleaner steelmaking in Germany

Company wants to build up innovative processes.
Needs funding for technologies to curb CO2.
Wants carbon border tax to shield EU from CO2-heavy steel.

Published 26 Mar, 2021 06:03pm

Europe

Norway keeps AstraZeneca vaccine on hold for another 3 weeks

"We have decided to continue the pause and make a new decision by April 15," FHI chief Camilla Stoltenberg told broadcaster NRK.
"We have started several processes to map out whether there is a causality and to have a better basis to establish the real risk and a cost-benefit analysis for different age groups. To get more knowledge, it is necessary to have more time."

Published 26 Mar, 2021 06:04pm

Sports

Angers coach to leave Ligue 1 club after 10 years

"I decided to stop at the end of the season. I felt that this season was difficult and trying. I made my decision before the game against Metz (on March 3)," Moulin, 53, told a news conference.
"I have been living with it for some time. This will allow the club to prepare serenely for next season. It is my decision."

Published 26 Mar, 2021 05:55pm

South Asia

Japan's record budget clears parliament, more COVID-19 spending eyed

106.6 trln yen budget contains COVID-19 reserve of 5 trln yen.
FY2021/22 budget approval may pave way for more spending.
Finmin vows to combat virus, revive economy, fix finances.

Published 26 Mar, 2021 05:57pm

Money & Banking

South Africa's record low lending rates ‘won't last forever’

"Interest rates are negative in real terms. That is the 3.5% is below projected inflation. That is reflective of an accommodative stance. It can't continue forever," Kganyago said.
"At some stage the savings pool will say: No, this is favouring borrowers over us, the savers, and they will re-price you.

Published 26 Mar, 2021 05:53pm

Commodities

Mauritius tenders to buy 4,000 tonnes white rice, optional origin

The rice was sought for delivery between June 1 and July 31. Tender deadline is April 16, traders said.
Mauritius had on March 18 purchased about 4,000 tonnes of long grain white rice to be sourced from India and Pakistan for delivery between April 15 and June 15.

Published 26 Mar, 2021 05:51pm

Companies

Race to dislodge Suez blockage as shipping rates surge, tankers diverted away

More than 30 oil tankers wait to traverse canal –Refinitiv.
Bigger impact on oil products markets –analysts.
Several LNG tankers diverted –shipbroker.
Ship owner denies aims to free vessel by Saturday night.

Published 26 Mar, 2021 05:48pm

Automobile

Toyota, Subaru to unveil new car on April 5 together

Both automakers have been working together for a long time. The first joint development effort from the two companies was with the Subaru BRZ and Toyota 86 sports cars.
At the moment, the only information available is that Toyota’s Gazoo Racing team will be involved in the upcoming unveiling event.

Published 26 Mar, 2021 05:44pm

Commodities

Raw sugar futures rise, coffee also climbs

May raw sugar rose by 0.08 cents, or 0.5%, to 15.17 cents per lb.
May arabica coffee rose by 2.05 cents, or 1.6%, to $1.2865 per lb. The contract dipped to a low of $1.2520 on Thursday, its weakest since Feb. 17.

Published 26 Mar, 2021 05:45pm

South Asia

Philippines' Duterte signs tax reform law to help pandemic-hit businesses

Called the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, the law decreases the income tax rates for big firms to 25%, and for micro, small and medium enterprises to 20%, by 2029.
"Crucial portions of the CREATE Act were intended to be emergency tax relief for struggling enterprises, but we must not lose sight of this reform's long-term objectives," Duterte said .

Published 26 Mar, 2021 05:36pm

Money & Banking

Euro zone banks have enough capital to withstand pandemic hit: IMF

The IMF said that based on its January 2021 projections, banks in the 19 countries sharing the euro would stay broadly resilient to the deep recession in 2020 and the partial recovery this year.
The aggregate capital ratio is projected to decline from 14.7 percent to 13.1 percent by the end of 2021 if policy support is maintained. Indeed no bank will breach the prudential minimum capital requirement of 4.5 percent, even without policy support.

Published 26 Mar, 2021 05:35pm

Companies

Canada's First Cobalt to issue shares to Glencore to repay $5.5mn debt

First Cobalt will issue 23.8 million common shares to Glencore AG at $0.29 per share, representing about 4.8% of the company's current outstanding shares.
In 2019, First Cobalt entered into a loan agreement with the miner and commodity trader to fund engineering studies, metallurgical testwork and permitting activities for an expansion of the company's refinery in Ontario, Canada.

Published 26 Mar, 2021 05:32pm

South Asia

India tells overseas vaccine buyers it has to prioritise local needs

India tells foreign partners domestic vaccine demand rising.
Inoculation campaign to include more people beyond those aged 45.
Daily infections hit five-month high in India, deaths rise.

Published 26 Mar, 2021 05:30pm

Africa

Morocco expects 4.2 million COVID-19 vaccine doses soon

Morocco has already received 8.5 million doses of AstraZeneca vaccine, made in India, and Sinopharm vaccine, made in China, allowing it to administer more jabs than any other African country.
It expects 4.2 million more doses soon, said Health Ministry scientific committee member Said Afif, keeping it on track to reach its target of herd immunity before the summer.

Published 26 Mar, 2021 05:28pm

Europe

Britain stands in solidarity with citizens sanctioned by China: Raab

"We stand in total solidarity with the nine individuals who were sanctioned today," Raab said.

Published 26 Mar, 2021 05:26pm

Companies

Chinese smartphone maker Xiaomi to make EVs using Great Wall's plant

Xiaomi becomes latest tech firm to join smart mobility race.
To aim its EVs at mass market – sources.
To launch its first EV around 2023 – source.
Great Wall's engineering consultancy to speed project – source.
Great Wall says has not discussed such a partnership with Xiaomi.

Published 26 Mar, 2021 05:23pm

USA

Brazil's Butantan to seek trials of COVID-19 vaccine Butanvac, Sao Paulo governor says

Butantan expects to start production in May to produced this vaccine on a large scale. Mass vaccination would start in July.
Butantan plans to test the vaccine on 1,800 volunteers over two phases, two sources told Reuters earlier.

Published 26 Mar, 2021 05:21pm

Money & Banking

India's forex reserves rise to $582.27bn as of March 19: RBI

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves.
Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund.

Published 26 Mar, 2021 05:19pm

Energy

Oil prices rise on fears Suez blockage may last weeks

Brent, WTI rise about 2% but set for 3rd weekly loss.
Ship blocking Suez may take weeks to free-salvage firm.
Shipping rates rise, oil and gas tankers diverted.
- UAE's ADNOC deepens supply cuts to Asia in June –sources.

Published 26 Mar, 2021 05:16pm

Forex

Currencies higher, forint firms most on central bank stance

The Hungarian forint firmed 0.21% and was trading at 363.95 per euro, extending its gains since Tuesday when the central bank left interest rates unchanged.
"The NBH was so convincing that the forint firmed this week despite the strengthening of the dollar," one trader said.

Published 26 Mar, 2021 05:14pm

Financial

Turkish bond funds experience biggest weekly selloff this year

A total of $26.2 million was also pulled from equity funds invested in Turkey, the sixth consecutive week of net selling, the data from Lipper showed.
Agbal became an investor darling after his appointment in November by resisting Erdogan's perceived meddling in monetary policy and his repeated calls to cut interest rates.

Published 26 Mar, 2021 05:12pm

Forex

Dollar buoyant as economic outlook brightens, doubts surround euro

Dollar holds gains against major currencies
Rises to highest vs. Japanese yen since June
Full data calendar awaits traders later in day

Updated 26 Mar, 2021 05:13pm

Stocks

Indian shares rise over 1pc as Tata Group cos jump after favourable court verdict

The blue-chip NSE Nifty 50 index rose 1.27% to 14,507.30 and the benchmark S&P BSE Sensex gained 1.2% to 49,008.50. For the week, both the indexes fell more than 1%.
India's top court backed the removal of Tata Group's former chairman Cyrus Mistry, whose family firm owns an 18% stake in the group holding company, Tata Sons.

Updated 26 Mar, 2021 05:11pm

Business & Finance

COVID-19 pandemic boost mobile banking, registered users reach 1.2bn: Report

According to the report, total transaction values grew by 22pc in 2020 to reach $767 billion.

Published 26 Mar, 2021 04:26pm

Pakistan

Pakistan successfully conducts flight test of Shaheen 1-A ballistic missile: ISPR

The test flight was aimed at re-validating various design and technical parameters of the weapon system including advanced navigation system, ISPR said.
The missile has a range of 900 kilometres.

Published 26 Mar, 2021 04:20pm

Business & Finance

FTO decides refund claim of over Rs 5.86bn during 2020

The Federal Tax Ombudsman highlighted that 3,555 complaints were disposed of during 2020.

Published 26 Mar, 2021 03:36pm

World

Ship stuck in the Suez Canal unleashes flood of Internet jokes

A giant ship has blocked the famous Suez Canal but opened up a torrent of memes and gifs lampooning the hapless container carrier, which has been jammed in the waterway since Tuesday.
Elements of global commerce have been brought to a standstill, but no one was hurt, and the environment is so far undamaged. The lack of stakes surrounding the Ever Given’s grounding has made it a prime target for jokes.

Published 26 Mar, 2021 03:05pm

Pakistan

PPP’s Yusuf Raza Gilani submits nomination papers for Senate opposition leader post

The nomination papers were submitted with signatures from a total of 30 senators.
PML-N has already submitted an application to the Senate Secretariat, nominating Senator Azam Nazeer Tarar.

Updated 26 Mar, 2021 02:42pm

BR Research

An interview with Shafiq Akbar, Chairman, Imarat Group of Companies

“Graana.com will help remove malpractices in real estate transactions” An alumnus of University of Cambridge and...

Updated 26 Mar, 2021 02:36pm

World

Suspension of Suez Canal traffic deepens global container crunch

In the latest challenge, more than 30 container ships are unable to sail after the 400-metre (430-yard) Ever Given boxship ran aground in the Suez Canal, blocking transit, the sources said.

Published 26 Mar, 2021 02:28pm

Pakistan

Bank Al Habib Limited declares 45% cash dividend

Deposits of the Bank as on December 31, 2020 were Rs. 1,099,686 and Profit after tax was Rs. 17,812 million.

Published 26 Mar, 2021 02:18pm

Business & Finance

42pc Pakistanis expect rise in unemployment in coming months, reveals Survey

Overall CCI increased to 90.3 in Q4 from 79.0 in Q1, up 14.3% as the improvement in the current situation was magnified by a recovery from a low base.

Published 26 Mar, 2021 02:17pm

Pakistan

Coronavirus vaccine registration for 50, above to open on March 30: Asad Umar

"Encourage everybody who is 50 plus to register when the registration is opened for them on 30th," Umar tweeted.

Published 26 Mar, 2021 01:45pm

China

UK calls on China to allow access to Xinjiang after sanctions

*On Friday, Britain stated that China was targeting critics with sanctions, calling on Beijing to allow international access to Xinjiang to verify the alleged human rights abuses in the province.

Published 26 Mar, 2021 01:38pm

World

WHO yet to receive complete documentation for Sputnik V pre-qualification

The World Health Organisation (WHO) has still not received the complete documentation package on the Sputnik V vaccine for the pre-qualification procedure.

Published 26 Mar, 2021 01:42pm

USA

U.S-China relations hit stalemate, and "Quad" rallies to exert pressure

While the Biden Administration is taking a similar approach to dealing with China as their predecessors, the nature of their confrontation is different, as a quick reset on U.S-China relations looks increasingly unlikely.
The Biden Administration has banded together with major allies across the region to stifle China's influence, with the "Quad" including Australia, India, Japan and the United States.

Updated 26 Mar, 2021 01:25pm

Pakistan

PPP's request to hold public rally in Rawalpindi turned down owing to spike in COVID infections

The PPP had sought permission for holding a public gathering in Rawalpindi to mark the 42nd death anniversary of party's founder Zulfikar Ali Bhutto
The district administration rejected their application on the basis of security concerns and increase in number of COVID-19 cases

Published 26 Mar, 2021 12:19pm

World

'Yes or no?' U.S. lawmakers fume over Big Tech's answers on misinformation

Only Twitter Inc CEO Jack Dorsey replied “yes” to the question, but said the “broader ecosystem” had to be taken into account.

Published 26 Mar, 2021 12:25pm

Stocks

World shares rebound as investors weigh economy against diplomacy

In addition to Europe, major developing economies such as Brazil and India are also struggling with a resurgence in COVID-19 cases.

Published 26 Mar, 2021 12:26pm

World

Ukraine posts record daily high of 18,132 new coronavirus cases

The previous record was the 16,669 cases registered a day earlier.

Published 26 Mar, 2021 12:25pm

Financial

BOJ official says CBDC could play key, global settlements role

While there is no change in the BOJ's stance it currently has no plan to issue a central bank digital currency.

Published 26 Mar, 2021 12:22pm

Stocks

Nikkei ends higher on SoftBank boost; records 2% weekly drop

All the 33 sector sub-indexes on the Tokyo exchange traded higher, with transport sector leading gains.

Published 26 Mar, 2021 12:19pm

Financial

Deutsche Bank CEO willing to give up investment bank oversight role

A spokesman for the bank declined to comment.

Published 26 Mar, 2021 12:17pm

World

Yemen's Houthis say launched attacks on Saudi Arabian oil, military sites

The Iran-aligned group said they launched attacks against King Abdelaziz military base in Dammam.

Published 26 Mar, 2021 12:16pm

Financial

Philippine central bank to unwind relief measures in a timely manner

We will carry out disengagement strategies in a manner that avoids risks associated with early or late implementation.

Published 26 Mar, 2021 12:10pm

Commodities

Copper rises on optimism around global economic recovery

Both copper contracts, however, are set for weekly losses.

Updated 26 Mar, 2021 12:10pm

Business & Finance

WB approves $ 600mn to support expansion of Pakistan’s Ehsaas program

“This investment supports Ehsaas in developing an adaptive social protection system that is more efficient and offers a new model for crisis-response and increasing household resilience to future shocks.”

Published 26 Mar, 2021 12:07pm

Energy

US oil may test resistance at $59.78

The bounce from $57.25 consists of three waves.

Published 26 Mar, 2021 11:39am

Commodities

Palm oil may fall to 3,798 ringgit

The current wave C is expected to travel below 3,667 ringgit, the bottom of the wave A.

Published 26 Mar, 2021 11:37am

Energy

Brent oil may rise towards $64.51

The current wave c may travel to $64.51 or a level slightly higher.

Published 26 Mar, 2021 11:36am

Commodities

NY cocoa may retest support at $2,422

A break above $2,476 could lead to a gain into $2,509-$2,530 range.

Published 26 Mar, 2021 11:35am

Pakistan

After 17 years, first PIA flight lands at Saidu Sharif Airport

KP Chief Minister Mahmood Khan and Communications and Postal Services Minister Murad Saeed were among the 47 passengers that boarded the national airline’s PK-640 flight.
The national carrier decided to operate flights to the Saidu Sharif Airport to boost tourism in the region

Updated 26 Mar, 2021 11:35am

Commodities

CBOT wheat may test support at $6.05-1/2

A bounce from the current level could be weak, probably limited to a range of $6.16-3/4 to $6.21-1/2.

Published 26 Mar, 2021 11:33am

Commodities

CBOT corn may retest support at $5.41-3/4

A break above $5.47-1/2 could lead to a gain to $5.53-1/4.

Published 26 Mar, 2021 11:32am

Commodities

CBOT soybeans may test support at $14.01-1/2

The contract observes closely a set of projection levels on the uptrend from $13.36-3/4. After breaking below $14.20-1/2, it is falling towards $14.04-1/2.

Published 26 Mar, 2021 11:31am

Bullion Rate

Spot gold looks neutral in $1,716-$1,746 range

A break below $1,716 could cause a fall into the $1,669-$1,691 range, while a break above $1,746 could open the way towards $1,761-$1,783 range.

Published 26 Mar, 2021 11:29am

Bullion Rate

Gold faces first weekly decline in three as US dollar rallies

Gold is often considered as a safe-haven investment at times of political andd economic uncertainties.

Published 26 Mar, 2021 11:24am

Pakistan

Pakistan reports highest number of COVID-19 cases since July after 4,368 people test positive in 24 hours

Country also reported more than 2000 recoveries.
Punjab reported the highest number of COVID-19 cases in the past 24 hours.

Published 26 Mar, 2021 11:24am

Forex

China yuan firms but poised for 6th week of losses on dollar strength, China-West tensions

The Thomson Reuters/HKEX Global CNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 96.94, weaker than the previous day's 97.01.

Published 26 Mar, 2021 11:21am

Business & Finance

Granting independence to central bank in interest of the country: Asad Umar

“The direction is right that an independent central bank is in the interest of a country,” he said.

Published 26 Mar, 2021 11:21am

Mutual Funds

Yields spike after weak seven-year auction

A short burst of selling on Thursday morning was also seen with a brief spike in trading volumes in long-dated Treasury futures, while the five-year, 30-year Treasury yield curve steepened relatively sharply.

Published 26 Mar, 2021 11:19am

Forex

Canadian dollar hits 2-week low as wider yield spreads weigh

Canadian small business sentiment soared in March, data showed. The CFIB Business Barometer Index rose to 68.2 from 62.5 in February, its highest level in nearly 10 years.

Published 26 Mar, 2021 11:17am

Forex

Dollar climbs past four-month high as risk appetite wanes

The dollar was up .39% against the yen at 109.1500.

Published 26 Mar, 2021 11:14am

Forex

Dollar holds gains on economic cheer, euro bounces but risks further decline

The Australian and New Zealand dollars rebounded from sharp losses earlier in the week.

Published 26 Mar, 2021 11:12am

Forex

Australia, NZ dollars down sharply for week, bonds notch big rally

"Were the RBA to taper it will expose the AUD and signal to the market that it has begun tightening," said Evans.

Published 26 Mar, 2021 11:11am

Stocks

Australia shares rise on steady commodities, Wall Street rebound

In New Zealand, the benchmark S&P/NZX 50 index traded down 0.2% at 12,367.87, with retirement village operator Summerset Group leading the losses.

Published 26 Mar, 2021 11:09am

Stocks

Australia shares set to edge higher, tracking Wall Street gains

New Zealand's benchmark S&P/NZX 50 index stood flat at 2130 GMT.

Published 26 Mar, 2021 11:07am

Stocks

Strong commodities help Australia shares notch best week in seven

Shares of AMP Ltd closed 0.8% higher after the embattled wealth manager rejected a media report that its chief executive was resigning.

Published 26 Mar, 2021 10:53am

Sports

Bonner's maiden Test century steers Windies to draw against Sri Lanka

"I am really pleased with the way we fought back in the second innings," said Sri Lanka captain Dimuth Karunaratne in reflecting on the entire match.

Published 26 Mar, 2021 10:50am

World

North Korea launch was new 'tactical guided projectile': Pyongyang

Biden told reporters that UN resolution 1718 "was violated by those particular missiles that were tested".

Published 26 Mar, 2021 10:48am

Sports

Ace lifts Germany's Jaeger into lead at PGA Dominican event

After his hole-in-one, Jaeger birdied the par-5 fourth and seventh holes as well as the par-4 sixth.

Published 26 Mar, 2021 10:42am

Business & Finance

NEPRA Act (Amendment) Ordinance 2021 issued

After the amendment in the Act, NEPRA has got autonomy with regard to electricity prices.

Published 26 Mar, 2021 10:44am

Sports

Italy open World Cup campaign with Northern Ireland win

However Baraclough lamented his side's "passive" first half.

Published 26 Mar, 2021 10:40am

World

Brazil surpasses 100,000 new Covid cases in a day

"For 12 months, Bolsonaro minimized the pandemic, promoted crowds, spoke out against mask use and halted talks to secure vaccines," it said.

Published 26 Mar, 2021 10:37am

World

Saudi reports fire at oil terminal as Huthis escalate attacks

The Huthis also attempted to target universities in Najran and Jizan, southern cities close to the Yemeni border, the coalition said.

Published 26 Mar, 2021 10:34am

World

EU warns will block AstraZeneca vaccine exports

"That would be very helpful, because we are friends, the UK and the rest of Europe, and we need each other."

Published 26 Mar, 2021 10:32am

Sports

Thomas, Morikawa fall while McIlroy wins at WGC Match Play

"I feel like it's testing me a little more than it has done in the past few years," he said. "I feel like the only thing I can do is put my head down and do the work and trust in the process."

Published 26 Mar, 2021 10:30am

Sports

Top-ranked Barty saves match point in Miami win, Halep rallies

Third-seeded Simona Halep struggled early but stormed home for a 3-6, 6-4, 6-0 victory over France's Caroline Garcia.

Published 26 Mar, 2021 10:28am

World

EU eyes cooperation with Turkey if 'de-escalation sustained'

But leaders remain deeply wary of Erdogan and there are major concerns over Ankara's recent moves to shut down an opposition party and its departure from a treaty on violence against women.

Published 26 Mar, 2021 10:26am

World

'I plan to run for re-election, that's my expectation', says President Biden at his first solo news conference since taking office

Biden says US is not looking for confrontation with China over differences on trade, Beijing’s rollback of democracy in Hong Kong, treatment of minority Uighurs and military buildup
US president says he is prepared for “some form of diplomacy” with North Korea, “but it has to be conditioned upon the end result of denuclearization

Updated 26 Mar, 2021 10:28am

Sports

Brazilian federation moves to curb coach sackings

"This is a great step forwards for Brazilian football, which will be as good for the clubs as for coaches," said CBF president Rogerio Caboclo.

Published 26 Mar, 2021 10:22am

Stocks

Tokyo stocks open higher

The dollar bought 109.25 yen in early trade in Tokyo, compared with 109.23 seen in New York overnight.

Published 26 Mar, 2021 10:20am

Stocks

Hong Kong stocks open higher

The Hang Seng Index added 0.52 percent, or 144.04 points, to 28,043.65.

Published 26 Mar, 2021 10:18am

World

US authorities probing alarming spike in manatee deaths

The current Florida manatee population numbers more than 7,500.

Published 26 Mar, 2021 10:17am

Pakistan

O level exams to be held after May 15: Education minister

"A and As Level exams will take place as per the original timetable, following all the Standard Operating Procedures," Mahmood said.

Updated 26 Mar, 2021 10:18am

Pakistan

Pakistan, India agree to make efforts to resolve water dispute

The two sides have agreed to hold the next meeting in Pakistan.
"Pakistan side emphasised the importance of early resolution of the outstanding issues in accordance with the provisions of the IWT," the FO said.

Published 26 Mar, 2021 10:16am

World

US workers enticed with bonuses, time off to get Covid-19 vaccine

Others have taken advantage of Centers for Disease Control and Prevention regulations that allow them to set up their own vaccination centers.

Published 26 Mar, 2021 10:16am

World

Tornadoes kill five in Alabama

More than 35,000 customers in Alabama were without power as of Thursday evening, according to poweroutage.us.

Published 26 Mar, 2021 10:12am

World

Mexico passes 200,000 Covid deaths

"I imagined it was going to be worse than they were assuming," said Macias, who led the country's fight against the swine flu pandemic in 2009.

Published 26 Mar, 2021 10:07am

World

Firebomb attack at Suu Kyi's party headquarters in Myanmar

Fears have been swirling that the day could become a flashpoint.

Published 26 Mar, 2021 10:04am

World

Biden warns North Korea against escalation after missile launch

Pyongyang had been biding its time since the new administration took office, not even officially acknowledging its existence until last week.

Published 26 Mar, 2021 10:02am

Sports

Rookies fire Black Caps to big total in Bangladesh ODI

Conway blasted 126 from 110 balls and Mitchell finished on 100 not out as New Zealand ended their innings at 318 for six after winning the toss and electing to bat.

Published 26 Mar, 2021 10:00am

Sports

Kazakhstan: Football minnow, futsal power

When it comes to what former Soviet countries sometimes refer to as "big football" -- played with 11 players -- the Central Asian country ranks 120th in the world.

Published 26 Mar, 2021 09:59am

World

Thirteen killed in western Niger attacks

It is the second attack on the three villages in less than a year.

Published 26 Mar, 2021 09:57am

World

Brazilian pandemic drama spreading to South American neighbors

But three months later, the Brazilian variant has been detected in 15 countries or territories in the Americas.

Published 26 Mar, 2021 09:54am

World

EU warns will block jab exports, Biden doubles goal

"I know it's ambitious, twice our original goal," he told his first press conference since taking office on January 20.

Published 26 Mar, 2021 09:50am

World

Canadian judge questions ex-police officer's refusal to testify in Huawei case

Canada filed a court document last year listing "witness safety" as the reason for Chang's refusal.

Published 26 Mar, 2021 09:48am

Sports

Scotland aim to crash France's Six Nations title bid and birthday parties

"He doesn't talk too much. When he speaks, everyone listens. He's someone we can all depend on," he added.

Published 26 Mar, 2021 09:47am

Sports

Park In-bee grabs first-round lead at LPGA Kia Classic

"But definitely happy to be back playing and even happier that the first round went to my liking," she said.

Published 26 Mar, 2021 09:45am

Stocks

Asian markets build on Wall St lead after US jobs data

"There was no specific news behind the sharp drop in oil," said Axi's Stephen Innes.

Published 26 Mar, 2021 09:43am

Sports

Aussie race walk champ Tallent strides into retirement

As Australia's most decorated male track and field Olympian, Jared holds a special place in the country's rich Olympic history.

Published 26 Mar, 2021 09:42am

World

Biden doubles vaccine pledge, says plans to run again

Biden faced no questions on Covid, a sign of the changing national narrative -- and a scenario unimaginable for European leaders under pressure over infections.

Published 26 Mar, 2021 09:40am

World

Hard to meet May 1 deadline to withdraw US troops from Afghanistan, says Biden

It is necessary for US soldiers to leave Afghanistan in a safe and orderly manner: US president
We are not staying a long time but how and under what circumstances do we meet that agreement that was made by former president Trump, says Biden

Published 26 Mar, 2021 09:38am

World

China sanctions UK figures over Xinjiang as rift widens with West

Also on the list was a law firm which has taken up Uyghur rights causes.

Published 26 Mar, 2021 09:38am

Sports

Short-handed Clippers stop Spurs, Trail Blazers edge Heat

"He's the closer," said McCollum, who is still returning to full fitness after a lengthy injury layoff.

Published 26 Mar, 2021 09:37am

Stocks

Hong Kong stocks sharply higher at break

The Hang Seng Index rose 1.14 percent, or 318.70 points, to 28,218.31.

Published 26 Mar, 2021 09:35am

World

Misinformation fuels Papua New Guinea's Covid crisis

After a year without widespread community transmission, the impoverished Melanesian nation is now seeing record numbers of new infections almost every day.

Published 26 Mar, 2021 09:31am

World

Massoud son ‘really worried’ for Afghanistan despite Taliban talks

PARIS: The son of anti-Islamist Afghan commander Ahmad Shah Massoud, killed by Al-Qaeda days before the September 11...

Updated 26 Mar, 2021 09:31am

World

Vaccine deliveries for poor nations delayed, as EU tackles shortfall

• India slows vital vaccine exports as cases soar BRUSSELS: A co-founder of the global scheme to provide vaccines...

Updated 26 Mar, 2021 09:31am

World

US, UK sanction Myanmar junta companies as crackdown continues

YANGON: The US and Britain announced sanctions against a huge military-owned conglomerate in Myanmar Thursday, as...

Updated 26 Mar, 2021 09:31am

World

NZ grants automatic paid leave after miscarriage

WELLINGTON: Working mothers and their partners will be allowed to take paid leave after suffering a miscarriage or...

Updated 26 Mar, 2021 09:31am

World

North Korea launches suspected ballistic missiles

SEOUL: North Korea fired two suspected ballistic missiles into the sea Thursday, in its first substantive ...

Updated 26 Mar, 2021 09:31am

World

HK tells foreign govts to stop accepting special British passport

HONG KONG: The Hong Kong government on Thursday confirmed a Reuters report that it had told 14 countries to stop...

Updated 26 Mar, 2021 09:31am

Pakistan

7,368 acres of state land recovered

LAHORE: District Commissioner Lahore, Mudassar Riaz has said that the Lahore district administration has recovered...

Updated 26 Mar, 2021 09:31am

Pakistan

RCCI, Beijing Huahe International ink MoU

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) inked a memorandum of understanding (MoU) with...

Updated 26 Mar, 2021 09:31am

Pakistan

4th speakers conference adopts Antalya declaration

ISLAMABAD: The fourth conference of speakers of Parliaments of six countries concluded in Antalya, Turkey after...

Updated 26 Mar, 2021 09:31am

Pakistan

Pakistan, Egypt hold annual bilateral consultations in Cairo

ISLAMABAD: The 9th round of Pakistan-Egypt Annual Bilateral Consultations (ABC) was held at the Egyptian Ministry of...

Updated 26 Mar, 2021 09:30am

Pakistan

AJK varsities’ not inferior to any university of Pakistan: Sardar Masood

MIRPUR (AJK): Azad Jammu Kashmir (AJK) President Sardar Masood Khan while lauding securing of fifth position by the...

Updated 26 Mar, 2021 09:30am

World

Flight simulators keep pilots sharp during pandemic

PARIS: The coronavirus crisis has clipped the wings of airline pilots but those who have kept their jobs are doing...

Updated 26 Mar, 2021 09:30am

World

Sudan accepts UAE offer to mediate on Ethiopia border, dam

KHARTOUM: Sudan’s government said Tuesday it has accepted an offer by the United Arab Emirates to mediate with...

Updated 26 Mar, 2021 09:30am

World

Five dead in stampede while mourning Tanzania’s Magufuli

DAR ES SALAAM: A woman and four children were killed in a stampede in Tanzania as crowds rushed to mourn ...

Updated 26 Mar, 2021 09:30am

Pakistan

New provinces should be carved out on basis of population: MQM-P

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) on Thursday demanded for creation of new provinces in country...

Updated 26 Mar, 2021 09:30am

Pakistan

JI demands due share for Karachi

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman has demanded of the government to grant due...

Updated 26 Mar, 2021 09:30am

Pakistan

Murad reviews uplift portfolio of three departments

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presided over a meeting to review development portfolio of three...

Updated 26 Mar, 2021 09:30am

Pakistan

Haleem Adil’s bail approved

KARACHI: The Sindh High Court (SHC) on Thursday approved the bail of Haleem Adil Sheikh, leader of the Opposition in...

Updated 26 Mar, 2021 09:30am

Pakistan

IGP inaugurates automated Police Complaint Redressal System

PESHAWAR: Keeping abreast of the vision of the government of achieving “Digital Pakistan”, the Inspector General...

Updated 26 Mar, 2021 09:30am

Pakistan

Annual exams of largest religious education board conclude

ISLAMABAD: The annual examinations of the country’s largest religious education board Wafaq-ul-Madaris Al Arabia...

Updated 26 Mar, 2021 09:30am

Pakistan

‘Govt uses NAB as weapon against opposition’

LAHORE: Pakistan Peoples Party (PPP) Punjab President, Qamar Zaman Kaira said on Thursday that the government was...

Updated 26 Mar, 2021 09:30am

Pakistan

Wapda chief reviews work on Diamer-Bhasha Dam, Dasu project

LAHORE: Pakistan Water and Power Development Authority (Wapda) Chairman Lt Gen Muzammil Hussain (retd) on Thursday...

Updated 26 Mar, 2021 09:30am

Pakistan

Motorway gang-rape case: Convicts approach LHC against penalties, sentences

LAHORE: The convicts in the motorway gang rape case here on Thursday approached the Lahore High Court against their...

Updated 26 Mar, 2021 09:30am

Pakistan

23 shops, stores sealed for violating SOPs

LAHORE: For failing to comply with the Coronavirus standard operating procedures (SOPs), the Lahore district...

Updated 26 Mar, 2021 09:30am

Pakistan

Renewable energy sector: ‘KP offers huge prospects for public-private partnership’

PESHAWAR: Speakers at a dialogue stated that Khyber Pakhtunkhwa has offered huge prospects for public-private...

Updated 26 Mar, 2021 09:30am

Pakistan

Covid-19 deaths cross 14,000-mark

ISLAMABAD: Pakistan’s Covid-19 death tally, on Thursday, crossed 14,000-mark as the country reported 63 more ...

Updated 26 Mar, 2021 09:30am

Pakistan

LHC rejects NAB’s plea in Maryam’s case

LAHORE: A division bench of the Lahore High Court on Thursday rejected a plea of the National Accountability Bureau...

Updated 26 Mar, 2021 09:29am

Pakistan

Coronavirus positivity rate jumps to 14.09pc in Punjab

LAHORE: The positivity rate of coronavirus in the province has increased from 9.89% to 14.09%, as out of 17,153...

Updated 26 Mar, 2021 09:29am

Pakistan

Six killed in attack on bus in Gilgit

GILGIT: At least six people were killed and seven others sustained bullet injuries in a gun attack on a passenger...

Updated 26 Mar, 2021 09:29am

Pakistan

Restoration of LB in Punjab: Sarwar vows to respect apex court decision

LAHORE: Reacting to the decision of the Supreme Court of Pakistan regarding restoration of local bodies in Punjab,...

Updated 26 Mar, 2021 09:29am

Pakistan

Posted

HYDERABAD: Syeda Quratul Ain, Psychologist (BS-17), currently posted at Deputy Directorate of Women Development was...

Updated 26 Mar, 2021 09:29am

Pakistan

Alleged horse-trading in Senate polls: Sindh PA rejects adjournment motion filed by MMA MP

KARACHI: An adjournment motion filed by MMA legislator was rejected during the Sindh Assembly sitting Thursday. The...

Updated 26 Mar, 2021 09:29am

Pakistan

KP PAC asks auditors, accountants to focus on performance audit

PESHAWAR: The Public Accounts Committee (PAC) of KP Assembly Thursday asked the high ups concerned with Audit and...

Updated 26 Mar, 2021 09:29am

Pakistan

Balochistan govt approves health insurance policy

QUETTA: Balochistan government has approved a universal health insurance policy to ensure the best healthcare to the...

Updated 26 Mar, 2021 09:29am

Pakistan

SGFL plans to go public

LAHORE: Pakistan’s largest footwear exporter, Service Global Footwear Limited (SGFL), organized an IPO briefing...

Updated 26 Mar, 2021 09:29am

Pakistan

NA-249 by-election: CS reviews security, administrative arrangements

KARACHI: Chief Secretary Sindh Syed Mumtaz Ali Shah on Thursday asked police to ensure security arrangements during...

Updated 26 Mar, 2021 09:29am

Pakistan

Powerful mafia under law for first time: PM

ISLAMABAD: Prime Minister Imran Khan on Thursday said that for the first time, the powerful mafia had come under the...

Updated 26 Mar, 2021 09:29am

Pakistan

AC directs home dept to get Shehbaz vaccinated for Covid-19

LAHORE: An accountability court on Thursday directed the home department to get Leader of Opposition in National...

Updated 26 Mar, 2021 09:29am

Pakistan

PM lauds armed forces, organizers for Pakistan Day parade

ISLAMABAD: Prime Minister Imran Khan on Thursday lauded the three armed forces of Pakistan as well as the organizers...

Updated 26 Mar, 2021 09:29am

Pakistan

PSP welcomes SC decision on LB setup

KARACHI: Pak Sarzameen Party chairman Syed Mustafa Kamal on Thursday welcomed the decision of the Supreme Court to...

Updated 26 Mar, 2021 09:29am

Pakistan

KU announces LLB Part I and II examination results

KARACHI: The University of Karachi on Thursday announced the result of LLB Part-I, Annual Examination 2019. As per...

Updated 26 Mar, 2021 09:29am

Pakistan

IWT-related issues: Pakistan, India agree to make endeavours

ISLAMABAD: Pakistan and India have agreed to make ‘endeavours’ to resolve water issues by conducting inspection...

Updated 26 Mar, 2021 09:29am

Life & Style

AAJ PROGRAM SCHEDULE

Friday, March 26, 2021 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE ...

Updated 26 Mar, 2021 09:29am

World

Israeli-owned ship hit by missile

OCCUPIED JERUSA-LEM: A cargo ship owned by an Israeli company was damaged by a missile in the Arabian Sea on ...

Updated 26 Mar, 2021 09:27am

Companies

ASG welcomes Glyn, May Loh & Mosharraf Zaidi as senior advisors

WASHINGTON DC: Albright Stonebridge Group (ASG), the premier global strategy and commercial diplomacy firm, is...

Updated 26 Mar, 2021 09:26am

Business & Finance

Brazil inflation rises to multi-year high

BRASILIA: Brazilian consumer inflation rose to new multi-year highs in the month to mid-March, statistics agency ...

Updated 26 Mar, 2021 09:26am

Money & Banking

Telegram app raises $1bn by selling bonds

MOSCOW: The encrypted messaging app Telegram has raised over $1 billion by selling bonds to foreign investors, its...

Updated 26 Mar, 2021 09:26am

Money & Banking

Early trade in New York: Dollar pares gains

NEW YORK: The US dollar reached a fresh four-month high before slashing its gains on Thursday, as yields on US...

Updated 26 Mar, 2021 09:26am

Money & Banking

UK unveils £50 banknote

LONDON: The Bank of England on Thursday unveiled a new design for Britain's top-value banknote featuring gay World...

Updated 26 Mar, 2021 09:26am

Money & Banking

Philippine central bank keeps key rates at record low

MANILA: The Philippine central bank left key interest rates steady on Thursday, as it balanced the need to support ...

Updated 26 Mar, 2021 09:26am

Business & Finance

Bombardier to hit $7.5bn revenue target in 2025

MONTREAL: Bombardier told investors that stronger sales of aftermarket services would help the business jet maker ...

Updated 26 Mar, 2021 09:26am

Money & Banking

Sterling steadies

LONDON: Sterling steadied against the dollar and euro on Thursday after two consecutive days of losses prompted by...

Updated 26 Mar, 2021 09:25am

Money & Banking

SBP’s clarification on remittances: FTO directs FBR to issue circular

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a circular to ...

Updated 26 Mar, 2021 09:25am

Money & Banking

South African central bank keeps repo rate unchanged

JOHANNESBURG: South Africa’s central bank bucked the trend of emerging markets raising interest rates by keeping...

Updated 26 Mar, 2021 09:25am

Money & Banking

Govt’s decision to empower SBP supported

KARACHI: National Business Group chairman and Pakistan Businessmen and Intellectuals Forum president Mian Zahid...

Updated 26 Mar, 2021 09:25am

Money & Banking

Deutsche Bank boosts bonuses despite criticism

FRANKFURT AM MAIN: Germany’s largest lender Deutsche Bank announced Friday a 29-percent hike in 2020 bonuses...

Updated 26 Mar, 2021 09:25am

Money & Banking

Aussie, kiwi under water

SYDNEY: The Australian and New Zealand dollars were trying to steady on Thursday as upbeat data on global factory...

Updated 26 Mar, 2021 09:25am

Business & Finance

US weekly jobless claims hit one-year low

WASHINGTON: The number of Americans filing new claims for unemployment benefits dropped to a one-year low last week,...

Updated 26 Mar, 2021 09:25am

Money & Banking

Dollar rises against euro in London

LONDON: The dollar hovered near a four-month high against the euro on Thursday as market participants weighed up the...

Updated 26 Mar, 2021 09:25am

Forex

Mexican peso outperforms with cental bank decision on tap; Petrobras falls

The peso rose 0.6pc to trade at 20.83 to the dollar, while other Latin American and broader EM currencies slipped, pressured by a strong dollar.

Updated 26 Mar, 2021 09:25am

Financial

UK issues 500 million pounds in second sovereign Sukuk sale

"Strong investor demand for this Sukuk meant we achieved a good price for the taxpayer and will help us develop our relationships with Islamic economies around the world."

Updated 26 Mar, 2021 09:25am

BR Research

Early crushing; why is it such a big deal?

The debate over early start of crushing has dominated discussions of sugar supply-demand availability this season....

Published 26 Mar, 2021 07:35am

BR Research

Petroleum price narrative: Build it, don’t push it

First things first. Understanding of petroleum pricing in the Pakistani mass media at large is amateurish at best. ...

Published 26 Mar, 2021 07:30am

BR Research

IMF is back

No surprise, as expected, the IMF programme is back. Four pending reviews (2nd to 5th) are completed and $500 ...

Published 26 Mar, 2021 07:25am

World

IMF warns of ‘diverging recoveries’ post-pandemic

WASHINGTON: The IMF on Thursday warned of “diverging recoveries” among global economies as they struggle with ...