News Archives for Latest - 2021-04-14

World

Biden says 'time to end' US war in Afghanistan with total pullout

Biden said the United States had "accomplished" its limited original mission of crushing the international militants groups behind the 9/11 attacks and that with every passing year the rationale for staying was "increasingly unclear."

Updated 15 Apr, 2021 12:19am

Pakistan

Criminals involved in violence against police to be given exemplary punishment: Fawad

The minister said in democracy, different groups were allowed to have their own points of view, but no one could blackmail the government by force.

Published 14 Apr, 2021 11:39pm

Pakistan

Bullion prices on Wednesday

Following were the bullion prices in Karachi on Wednesday.

Published 14 Apr, 2021 11:37pm

Pakistan

65 more test positive for COVID-19

Out of 12782 COVID-19 cases, 11859 have so far been recovered while 290 patients had lost their lives due to the contagion, daily situation report stated.

Published 14 Apr, 2021 11:34pm

Pakistan

Govt decides to ban TLP: Sheikh Rashid

The TLP followers were trying to create unrest in the country as they had tortured police personnel during the protest, he added.

Updated 14 Apr, 2021 11:34pm

Pakistan

PM to announce uplift package for Sindh on Friday: Haleem

The package would begin an era of progress and prosperity for the people of province, he said while adressing a news conference here at the Circuit House.

Published 14 Apr, 2021 11:09pm

Pakistan

Govt not scared from opposition: Ali Awan

Ali Nawaz Awan said the opposition parties had used all their tactics to topple the present government but badly failed to get their objective.

Published 14 Apr, 2021 11:06pm

Pakistan

Special courts to ensure speedy justice to overseas Pakistanis: Governor Punjab

Vice Chairman OPC Punjab Muhammad Waseem Ramey apprised the meeting of the steps taken to solve the problems of Overseas Pakistanis besides establishment of special courts.

Updated 14 Apr, 2021 11:06pm

Perspectives

Price stability as SBP’s primary objective

When Paul Volcker, the then chairman of the Federal Reserve, increased interest rates sharply following an increase...

Published 14 Apr, 2021 10:29pm

Money & Banking

ECB's Lagarde says euro zone economy still on crutches

"Think of a patient which is out of a deep crisis but still on two crutches," Lagarde said.
"You don't want to remove either crutch, the fiscal or the monetary, until the patient can actually walk fine, and to do that means support well into the recovery."

Published 14 Apr, 2021 08:54pm

Sports

Slavia Prague's Kudela banned for 10 games over racism incident

Rangers midfielder Glen Kamara complained of being racially abused by Kudela in the game, when the Scottish club was knocked out in the second leg, which included a melee on the pitch and clashes in the tunnel afterwards.
Kudela's ban also rules him out of representative team competition matches, meaning he will miss games for the Czech Republic in the European Championship this year.

Published 14 Apr, 2021 08:52pm

Europe

Italy reports 469 coronavirus deaths on Wednesday, 16,168 new cases

Italy has registered 115,557 deaths linked to COVID-19 since its outbreak emerged in February last year, the second-highest toll in Europe after Britain and the seventh-highest in the world. The country has reported 3.81 million cases to date.
Patients in hospital with COVID-19 - not including those in intensive care - stood at 26,369 on Wednesday, down from 26,952 a day earlier.

Published 14 Apr, 2021 08:51pm

Forex

Sterling recovers to hit one-week high vs dollar

The pound on Tuesday hit a six-week low against the euro and extended losses against the dollar after the announcement of Andrew Haldane's resignation.
It was 0.1% higher to the euro at 86.77 pence, off a six-week low of 87.11 pence after the Haldane announcement.

Published 14 Apr, 2021 08:47pm

Business & Finance

Ireland sees 2-4 year implementation of any OECD corporate tax deal

After the new US administration threw its weight behind a push for a global corporate minimum tax rate last week, Dublin said that how quickly an agreement will be implemented depends on where it comes from and the nature of it.
"If that agreement is led by (US) President Biden, that change could be legislated for by this year and they are working to get an agreement on such a package," Irish Finance Minister Paschal Donohoe told a news conference.

Published 14 Apr, 2021 08:45pm

Europe

EU wants to ban use of AI for surveillance

"The use of artificial intelligence for the purposes of indiscriminate surveillance of natural persons should be prohibited when applied in a generalised manner to all persons without differentiation," the document said.
The EU also wants to ban social scoring amid criticism that some companies misuse the technology for hiring, giving out loans and other major decisions which can favour privileged groups.

Published 14 Apr, 2021 08:43pm

Commodities

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.

Published 14 Apr, 2021 08:41pm

USA

Vice President Harris says she is planning to visit Mexico and Guatemala

"Our focus is to deal with the root causes and I am looking forward to traveling, hopefully as my first trip, to the Northern Triangle, stopping in Mexico and then going to Guatemala," she said.
"We have plans in the works to go to Guatemala, as soon as possible," Harris told reporters during a virtual roundtable with experts who offered recommendations on the region.

Published 14 Apr, 2021 08:37pm

Technology

Instagram launches test where users can choose to see likes

The photo-sharing site, which is owned by Facebook Inc , said this latest test came after seeing mixed responses to its experiments in which it removed likes, commonly used as a measure of popularity.
Users in the Instagram test will still be able to privately see their own like count. The test will involve a small percentage of global users, but the company declined to say how many.

Published 14 Apr, 2021 08:32pm

Money & Banking

South Africa's electricity, water price hikes pose risk to inflation outlook: central bank

"These risks, should they materialise, could drive headline above the 4.5% target midpoint and possibly dislodge inflation expectations away from the midpoint," the bank said in its bi-annual Monetary Policy Review (MPR).
The South African Reserve Bank (SARB) targets consumer price inflation of between 3% and 6%, and the rate stood at 2.9% in February.

Published 14 Apr, 2021 08:30pm

Sports

French Committee confident French athletes will be vaccinated for Tokyo

"The time has come that we allow the athletes who go to Tokyo to be vaccinated in a timely manner," Denis Masseglia told Reuters.
A delegation of up to 1,000 people will travel to Tokyo, where the Games will be held from July 23-Aug. 8.

Published 14 Apr, 2021 08:25pm

Energy

US crude stockpiles fall as refiners ramp up output: EIA

Crude inventories fell by 5.9 million barrels in the week to April 9 to 492.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel drop.
Oil prices rallied on the report. US crude futures were up $2.50 a barrel, or 4.1%, at $62.68 a barrel, while Brent rose 4% to $66.17 a barrel.

Published 14 Apr, 2021 08:22pm

Forex

Latam FX firm; Mexico's Televisa rockets on Univision merger plans

Televisa soars over 30%, set for best day ever.
Mexican shares jump over 1%, peso hits two-month high.
Brazil Senate launches probe into handling of COVID-19 outbreak.

Published 14 Apr, 2021 08:19pm

Forex

Dollar at three-week lows as Treasury yields subdued

"Until the bond market gets the heebie-jeebies over the inflation fears again I think the long dollar position remains under assault," he said.
Treasury yields have also fallen this week after the Treasury Department saw solid demand for new sales of three-, 10- and 30-year debt on Monday and Tuesday.

Published 14 Apr, 2021 08:18pm

Forex

Canadian dollar lags G10 peers, giving back some of Tuesday's rally

Canadian dollar weakens 0.2% against greenback.
Trades in a range of 1.2530 to 1.2575.
Price of US oil increases 2.1%.
Canadian bond yields rise across the curve.

Published 14 Apr, 2021 08:16pm

Stocks

Qatar leads major Gulf markets higher; Egypt retreats

Brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel.
Saudi Arabia's benchmark index reversed earlier losses to close 0.1% higher, supported by a 0.8% increase in Al Rajhi Bank and a 2% rise in Riyad Bank.

Published 14 Apr, 2021 08:14pm

Stocks

Italy MPs seek autonomy for Milan bourse after Euronext takeover

Euronext to buy Borsa from LSE for $5.1 bln.
Italy cleared deal unconditionally under 'golden powers' rules.
New inquiry could be opened if found necessary.

Published 14 Apr, 2021 08:13pm

Stocks

TSX gains on higher fiscal spending hopes, oil boost

Toronto Stock Exchange's S&P/TSX composite index was up 83.86 points, or 0.44%, at 19,287.56.
The energy sector climbed 1.8% as US crude prices were up 2.1% a barrel, while Brent crude added 2.2%.

Published 14 Apr, 2021 08:09pm

Stocks

Wall Street rises as big banks kick off earnings season

Goldman Sachs up as profit jumps on record dealmaking.
JPMorgan falls despite profit surging nearly five-fold.
Coinbase will list on Nasdaq later in the day.
Indexes up: Dow 0.44%, S&P 0.10%, Nasdaq 0.11%.

Published 14 Apr, 2021 08:09pm

IT and Computers

Sony Launches Two New Smartphones: Xperia 1 III & Xperia 5 III

Sony has finally unveiled two new smartphones: Xperia 1 III and Xperia 5 III.
Sony Xperia 1 III is the more premium offering with its slightly taller and heavier design, whereas Xperia 5 III provides the same experience in a more compact design.

Updated 14 Apr, 2021 08:01pm

Companies

Yamaha's New YBR 125 comes with a Price Hike

Yamaha launched its new YBR 125 with a price hike of Rs. 7000.
The new model will now be priced at Rs. 188,000.

Published 14 Apr, 2021 07:07pm

Commodities

Wheat up 7-9 cents, soy up 6-9 cents, corn up 5-8 cents

CBOT wheat gained overnight, boosted by strength in corn and soybeans as concerns over dryness in Europe and US spring wheat planting regions continue to provide support.
CBOT's most-active wheat contract climbed above its 100-day moving average overnight, nearing its 50-day moving average of $6.40.

Published 14 Apr, 2021 06:19pm

Commodities

Gold holds steady as equities rally offsets softer dollar

US dollar index eases.
US CPI gains by the most in over 8-1/2 years in March.
Not many triggers to move gold much either way – analyst.

Published 14 Apr, 2021 06:13pm

Energy

Oil maintains upward momentum despite fresh coronavirus fears

Prices climb for third session but remain rangebound.
Oil higher on US inventory drop and improved demand outlook.
Weaker US dollar also supportive.
Spike in COVID-19 cases stokes concerns.

Updated 14 Apr, 2021 06:18pm

Europe

Too early to say which countries open for British travellers

"It wouldn't be right for me to speculate as to which countries in which areas of the world are likely to be on which list. We will have to look at the right time, it's too early to say at the moment," Courts told a parliamentary committee.

Published 14 Apr, 2021 06:09pm

South Asia

US Secretary of State, Army Chief discuss US withdrawal from Afghanistan over phone

The two dignitaries discussed the regional security situation including the latest developments in the Afghan peace process.
Army Chief assured full support for the ‘Afghan-led, Afghan-owned’ peace process.

Published 14 Apr, 2021 06:09pm

Industry

Fitch Ratings gets UAE regulator license

The license, effective as of April 6, allows Fitch to provide credit ratings for "onshore" entities listed in SCA-controlled stock exchanges, including the Dubai Financial Market and Abu Dhabi Securities Exchange, Fitch said in a statement.

Published 14 Apr, 2021 05:52pm

Companies

Abu Dhabi's Etihad in talks to divest Air Seychelles stake

The move would leave the Seychelles government as the sole shareholder of Air Seychelles as the Abu Dhabi carrier further unwinds its failed strategy of investing in other airlines.
"It's been formalised as we speak. It's happening right now," said Althius, a former Etihad executive, during an online event by aviation consultancy CAPA.

Published 14 Apr, 2021 05:49pm

Europe

Alitalia workers block famed Rome street as government meets unions

Police in riot gear formed a line across the Via Veneto, where many of Rome's top hotels are located, to prevent the protesters from heading further into the city.
Rome has been in negotiation with the European Union's executive arm for months over the plan to restructure the firm through the launch of a new, state-owned company called ITA.

Published 14 Apr, 2021 05:46pm

Companies

Ford to offer hands-free driving in some car, truck models later this year

The automaker said its BlueCruise technology will be offered on its 2021 model year F-150 pickup trucks and the Mustang Mach-E electric crossovers equipped with its Co-Pilot360 driver assistance package.
Rivals General Motors Co and Tesla Inc also offer similar driving assistance technologies called the 'Super Cruise' and 'Autopilot', respectively.

Published 14 Apr, 2021 05:45pm

Europe

EU countries move towards COVID passes to reopen summer travel

The 27 EU member states "underlined their commitment to have the framework ready by the summer of 2021," said a document endorsed by national envoys and seen by Reuters.
EU countries are working in parallel to ensure "that the necessary technological solutions are in place", the EU27 decision read, so that the new digital or paper certificates can be put to use once approved.

Published 14 Apr, 2021 05:42pm

Europe

Laschet stands his ground in Merkel succession showdown

"I have no sign of movement in any of the candidates so far," said one CDU lawmaker who supports Soeder.
The rivals to succeed Merkel, who is stepping down after a Sept. 26 federal election, went head to head on Tuesday to win the support of lawmakers, exposing deep rifts within the parliamentary bloc.

Published 14 Apr, 2021 05:40pm

Financial

Ireland seeking 2-3 billion euros from new 20-year bond

Ireland has raised 7 billion euros so far this year, mainly through a syndicated 10-year deal in January that investors piled into. It plans to borrow 16 billion to 20 billion euros in 2021 to fund COVID-19 related expenditure.

Published 14 Apr, 2021 05:38pm

Money & Banking

Lebanon's Central Bank calls for swift action to curb subsidies

The bank said it had been forced to sell dollars in recent months to prevent inflation, which has already reached 84%, from spiralling as high as 275%, and the remaining reserves needed to be protected.
The Central Bank said the government should act quickly because of "the danger of the situation and the economic and social impact of any delay."

Published 14 Apr, 2021 05:35pm

Europe

Romanian PM fires health minister over handling of COVID-19

The three groups can count on roughly 56% of votes in parliament but their majority hinges on party leaders agreeing on governing issues.
"To be successful in fighting the pandemic I have always said there is a need for trust in state institutions," Citu said on Wednesday after dismissing Voiculescu.

Published 14 Apr, 2021 05:34pm

Europe

EU's von der Leyen says EU to receive 50mn more Pfizer shots in Q2

Ursula von der Leyen said the earlier deliveries, which will start this month, will take total supplies to the EU from Pfizer to 250 million doses in the second quarter of this year.
She also confirmed the Commission was in talks with the two companies for a new contract for 1.8 billion doses to be delivered in 2022 and 2023, confirming a Reuters report last week.

Published 14 Apr, 2021 05:32pm

Industry

Dollar General to hire up to 20,000 workers as economy rebounds

But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns.
The discount retailer said in a statement on Wednesday that it would host hiring events from this month to fill positions in its stores, distribution centers and corporate offices.

Published 14 Apr, 2021 05:29pm

Sports

Former Zimbabwe captain Streak gets 8-year ban for corruption

The 47-year-old admitted five breaches of the International Cricket Council's (ICC) anti-corruption code and agreed the sanction, the ICC said in a statement.
"As a former captain and coach, he held a position of trust and owed a duty to uphold the integrity of the game," Alex Marshall, ICC General Manager of Integrity Unit, said in the statement.

Published 14 Apr, 2021 05:26pm

Stocks

World stocks post record highs as bond yields ease

European stocks up 0.2%.
US earnings on the radar.
Bond yields near three-week lows.
Bitcoin hits record high, dollar weakens.

Published 14 Apr, 2021 05:23pm

Middle East

Saudi Arabia says it is concerned about Iran uranium enrichment

A foreign ministry statement on state media called on Iran to avoid escalation and engage seriously in current talks with global powers regarding a 2015 nuclear pact while urging the international community to reach an agreement "with stronger parameters of a longer duration".

Published 14 Apr, 2021 05:21pm

Business & Finance

South Africa's retail sales up 2.3pc year on year in February

Retail sales rose 2.3% year on year in February following a revised 3.7% contraction in January. On a monthly basis sales were up 6.9%, but were down 0.9% and in the three months since December.
The food and beverages category showed the biggest turnaround, expanding 8% after contracting a 32.3% contraction in January.

Published 14 Apr, 2021 05:18pm

Industry

India's Infosys posts 17.5pc fourth-quarter profit jump

The company won large deals worth a total of $2.1 billion in the quarter and added 130 clients, up from 84 additions in the same period last year.
Infosys posted consolidated net profit of 50.76 billion rupees ($675.39 million) in the three months to March 31, up from 43.21 billion rupees a year earlier.

Published 14 Apr, 2021 05:15pm

Money & Banking

Wells Fargo profit beats estimates as credit costs stabilize

The fourth-largest US lender said profit rose to $4.74 billion, or $1.05 per share, in the three months ended March, from $653 million, or 1 penny per share, a year earlier.
Since then, an ultra-loose monetary policy, trillions in stimulus support and an accelerated vaccination program have largely put the world's largest economy on a more solid footing.

Published 14 Apr, 2021 05:13pm

Money & Banking

Goldman profit smashes expectations on booming investment banking

Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.

Published 14 Apr, 2021 05:11pm

Forex

Nigeria naira falls to record intra-day low after FX sale to offshore funds

The bank sold dollars on the 150-day forward markets at 435.81 naira, traders said, near the low on the over-the-counter spot market. It offered the dollar at 410 naira for spot.
The non-deliverable forwards market quoted the naira at 434 to the US dollar in six months' time.

Published 14 Apr, 2021 05:12pm

Europe

Sweden registers 8,879 new COVID-19 cases, 60 deaths on Wednesday

The country of 10 million inhabitants registered 60 new deaths, taking the total to 13,720. The deaths registered have occurred over several days and sometimes weeks.
Sweden's death rate per capita is many times higher than that of its Nordic neighbours' but lower than in most European countries that opted for lockdowns.

Published 14 Apr, 2021 05:03pm

Commodities

Raw sugar hits three-week high as inflation fears subside

May raw sugar rose 1.8% to 15.71 cents per lb
May white sugar, which expires on Thursday, rose 1.8% to $432 a tonne.
May arabica coffee rose 0.6% to $1.3080 per lb, having hit its highest since mid-March on Tuesday.

Published 14 Apr, 2021 05:01pm

Sports

Punish players for talking behind hands urges Seedorf after race row

Seedorf was talking to an online European Council hearing on racism at sports events and his comments come after a recent incident in a Europa League match between Scottish club Rangers and Slavia Prague.
Slavia's Ondrej Kudela covered his mouth when speaking to Ranger's Glen Kamara, who later accused him of making a racist comment -- which the Czech player denied.

Published 14 Apr, 2021 04:56pm

Commodities

Palm unchanged on anticipation of higher production and exports

Output recovering after 6 months of decline
Container shortage hampers exports – broker

Published 14 Apr, 2021 04:58pm

Stocks

Moscow Exchange aims to offer more than 250 foreign shares

Russia's largest bourse started trading foreign blue chips in August and offers rouble-denominated shares in 105 foreign companies, including Tesla, Alibaba and Apple.
"This product is in great demand and of course we will develop it ...We are discussing the extension of trading hours and additional services with market participants," Blokhin said at the Moscow Exchange's shareholder day.

Published 14 Apr, 2021 04:53pm

Commodities

Supply angst propels aluminium to multi-year high

Benchmark aluminium on the London Metal Exchange (LME) was up 1% at $2,315 a tonne.
Aluminium, which is used in transport, packaging and construction, earlier touched its highest since June 2018 at $2,323.50 to stand more than 15% up from the start of this year.

Published 14 Apr, 2021 04:51pm

Financial

Czechs sell CZK 6.0bn of VAR/27 bonds

Wednesday's auction produced an average yield of 0.716 basis points below the 6-month Prague interbank offered rate (PRIBOR) of 0.43%. The bond has a 0.27% coupon.

Published 14 Apr, 2021 04:49pm

Money & Banking

Uganda central bank holds rates as recovery takes hold

"Economic recovery is proceeding and is stronger than was projected," the bank said in a statement. The economy contracted 1.1% last year, better than a forecast of -2%.
Some of Uganda's tight anti-coronavirus measures -- a night- time curfew, bar and partial school closures -- remain, keeping a lid on economic activity in those sectors.

Published 14 Apr, 2021 04:47pm

Companies

Controversial Toshiba CEO steps down, shares jump on bidding war expectations

Satoshi Tsunakawa, who led the company before Kurumatani and until Wednesday was chairman, will once again assume the helm.
The offer sparked a strong backlash from Toshiba managers, prompting them to lobby against it to the government, said one of the sources. The sources declined to be identified due to the sensitivity of the matter.

Published 14 Apr, 2021 04:44pm

Companies

TSMC suffers power outage at southern Taiwan plant

It cited Alice Cheng, an executive at the science park administration, as saying that most companies there have backup systems in the event of power failure.
The operations of TSMC, whose clients include Apple Inc and Qualcomm Inc, are being closely watched by its customers and investors due to a global shortage of chips for everything from cars to washing machines.

Published 14 Apr, 2021 04:42pm

Money & Banking

JPMorgan profit surges on trading, investment banking boost

Net income rose to $14.3 billion, or $4.50 per share, in the quarter ended March 31, from $2.9 billion, or 78 cents per share, a year earlier. During the quarter, JPMorgan released reserves of $5.2 billion.
Goldman Sachs, Wall Street's premier investment bank, is expected to report results later on Wednesday, followed by Wells Fargo.

Published 14 Apr, 2021 04:39pm

Money & Banking

Russia's Sberbank to expand in logistics in e-commerce push

Sberbank to create hubs to speed goods deliveries – CFO.
Logistics is part of e-commerce push at Russia's top bank.
Sberbank plans to enter clothing market on its own – CFO.
CFO Alexandra Buriko's full quotes in Russian.

Published 14 Apr, 2021 04:36pm

Europe

Ukrainian capital Kyiv extends strict lockdown until April 30

"We have no other choice, otherwise the medical system will not cope with such a number of patients, otherwise there will be even more deaths," mayor Vitali Klitschko told a televised briefing.
However, Kyiv continues leading other regions with about 1,500 new coronavirus cases and over 40 coronavirus related deaths registered daily.

Published 14 Apr, 2021 04:35pm

Stocks

Dubai logistics firm Tristar drops IPO plans

The move is a setback for Dubai's bourse, the Dubai Financial Market, which has not seen a big ticket listing since 2017.
Tristar began its public share sale on April 4, setting a price range that implied a market capitalisation of 2.64-3.24 billion dirhams ($719-$882 million).

Published 14 Apr, 2021 04:33pm

Pakistan

Japanese envoy calls on COAS, praises Pakistan's role in Afghan peace process

Army chief says Pakistan values its relations with Japan and acknowledged its efforts for regional stability
The army chief and US Secretary of State Antony J. Blinken had a telephone conversation and discussed matters of mutual interest and regional security

Updated 14 Apr, 2021 04:35pm

Technology

India's Infosys posts 17.5pc fourth-quarter profit jump

Bengaluru-based Infosys said its consolidated net profit climbed to 50.76 billion Indian rupees ($675.39 million) in the three months to March 31, from 43.21 billion rupees a year earlier.
Revenue for the quarter rose to 263.11 billion rupees from 232.67 billion rupees.

Published 14 Apr, 2021 04:30pm

Industry

Tesco sales surge but COVID costs wipe out fifth of pretax profit

Sales up, profit hit by pandemic costs.
Online sales jump.
Pandemic cost Tesco 892 mln stg in UK.
Shares fall 3%.

Published 14 Apr, 2021 04:27pm

Africa

South Africa's retail sales up 2.3pc year on year in February

On a month-on-month basis sales were up 6.9%, and in the three months to the end of February sales decreased 0.9% compared with the same period last year, the statistics agency said.

Published 14 Apr, 2021 04:26pm

Financial

German Bund yields dip as euro zone industrial output declines

Euro zone bond yields, which had been rising in line with US Treasury yields on hopes for a strong economic recovery later this year and increased inflation, dropped 1-3 basis points.
"The global picture is that the manufacturing sector is in rude health and is the sector that is leading the recovery, so perhaps there's a bit of a reaction to that," said ING rates strategist Antoine Bouvet.

Published 14 Apr, 2021 04:24pm

Pakistan

Saudi Arabia gifts 100 tonnes of dates to Pakistan

Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malki handed over the consignment to the Cabinet Division.
The move is aimed at resetting ties with Islamabad after last year’s spat.

Published 14 Apr, 2021 04:22pm

Pakistan

Pakistan decides to ban TLP under Anti-Terrorism Act in wake of deadly protests, violence across the country

Rasheed called the TLP protesters to surrender and end protests across the country
Government will not spare anyone involved in creating law and order and damaging public and private property, the minister said
No case registered against TLP men regarding violence during protests will be taken back," he mentioned

Updated 14 Apr, 2021 04:26pm

South Asia

Japan halts Tepco plan to restart key nuclear plant after safety breaches

Regulator to issue Kashiwazaki-Kariwa corrective action order.
Tepco says restart could save over $800 mln/yr in fuel costs.
Tepco's shares slide nearly 4% after regulatory move.

Published 14 Apr, 2021 04:22pm

Europe

UK's Johnson says he shares concerns on Greensill lobbying

"I indeed share the widespread concern about some of the stuff that we're reading at the moment ... and I know that the Cabinet Secretary shares my concern as well," Johnson told parliament, saying top civil servants should have experience of the private sector but it was not clear that "those boundaries have been properly understood".

Published 14 Apr, 2021 04:20pm

Stocks

TSX futures jump on higher fiscal spending hopes, oil boost

Canada's Liberal government will deliver on its promise to spend big when it presents its first budget in two years next week amid a fast-rising third wave of COVID-19 infections and ahead of an election expected in the coming months.
The Toronto Stock Exchange's S&P/TSX composite index ended 0.1% lower at 19,203.7 on Tuesday.

Published 14 Apr, 2021 04:14pm

Europe

Denmark to ditch AstraZeneca shot, delaying vaccine rollout

The decision, which would remove the shot from Denmark's vaccination scheme, could delay the country's vaccine rollout by up to four weeks, based on previous statements by health bodies.
A spate of countries across the world, including France and Germany, have resumed administering the shot to some age groups, mostly those above 50 or 60.

Published 14 Apr, 2021 04:14pm

Markets

PSX ends first trading day of Ramadan in green zone

KSE 100 Index ended the day adding up 262.65 points at 45,311.22

Published 14 Apr, 2021 03:17pm

Automobile

Is Changan bringing the UNI-T SUV to Pakistan?

The first one is the new compact crossover UNI-T SUV, the other is F70 pickup truck.
The UNI-T SUV made its global debut in March 2020.

Published 14 Apr, 2021 02:56pm

Stocks

Hong Kong shares close higher

The Hang Seng Index jumped 1.42 percent, or 403.58 points, to 28,900.83.

Published 14 Apr, 2021 02:52pm

Technology

Google unveils $2bn data hub in Poland

The government has put an emphasis on developing the tech sector.

Published 14 Apr, 2021 02:50pm

World

'Time to bring our forces home' from Afghanistan: Blinken

Blinken said ahead of talks with NATO partners in Brussels.

Published 14 Apr, 2021 02:38pm

Business & Finance

ECC withdraws customs duty on cotton yarn import

“Now the value-added manufacturers and exporters can import cotton yarns at 0% customs duty,” added Dawood.

Published 14 Apr, 2021 02:34pm

Pakistan

PM Khan launches low-cost housing project in Sargodha

Under this scheme, a total of 1,175 houses of three marlas will be constructed at six locations in the Sargodha district
The construction work will be carried out by Frontier Works Organization while the mortgage facility will be provided by Punjab Bank

Published 14 Apr, 2021 02:35pm

Business & Finance

EU court rejects Ryanair challenges against state aid for SAS, Finnair

Judges said the Finnair state loan guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of the carrier for that economy.

Published 14 Apr, 2021 02:36pm

Commodities

Jordan tenders to buy 120,000 tonnes feed barley

The deadline for submission of price offers is April 21.

Published 14 Apr, 2021 02:35pm

Energy

Total postpones South Africa drilling application, consultancy letter says

An official at SLR Consulting confirmed the authenticity of the letter but did not disclose reasons for the delay.

Published 14 Apr, 2021 02:33pm

Forex

Rouble hits two-week high vs dollar after Biden-Putin call

The dollar-denominated RTS index rose 1.9% to 1,486.5 points.

Published 14 Apr, 2021 02:32pm

World

Greek PM says agrees to talks with Libya on maritime zones

In a statement after the meeting, Mitsotakis said the two leaders "agreed on the immediate resumption of talks between Greece and Libya on the delimitation of the maritime zones".

Published 14 Apr, 2021 02:31pm

Stocks

Australia shares hit 13 month high on gold, tech boost; NZ rises on record low rates

Technology stocks also surged 2.1% on the back of the US consumer price data, tracking overnight gains on the Nasdaq.

Published 14 Apr, 2021 02:30pm

Pakistan

PM wishes Sikh community on Baisakhi festival

Imran says Sikh Diaspora and Indian Yatrees have been granted special permission to visit their holy Gurdwaras in Pakistan and attend their rituals
Sikh people will be provided with free food, transport, and accommodation under coronavirus protocols: PM

Published 14 Apr, 2021 02:12pm

LHC grants bail to Shehbaz Sharif in money laundering case

He has been directed to submit two surety bonds of Rs5 million each.
On September 28, NAB had arrested Sharif after the high court denied him further relief of pre-arrest bail in the reference.

Updated 14 Apr, 2021 02:06pm

Middle East

Iran's Rouhani says 60% enrichment is an answer to attack at Natanz site

Iran’s move to enrich uranium up to 60% purity is a response to the sabotage at its key nuclear facility, President Hassan Rouhani said on Wednesday, adding the Islamic Republic had no intention of building a nuclear weapon.

Published 14 Apr, 2021 01:50pm

USA

Biden ready to announce U.S. withdrawal, even as peace eludes Afghanistan

President Joe Biden’s planned announcement on Wednesday of a complete U.S. withdrawal from Afghanistan by Sept. 11 aims to close the book on America’s longest war, as critics warn that peace is anything but assured after two decades of fighting.
As officials disclosed Biden’s pullout plans, the U.S. intelligence community renewed deep concerns on Tuesday about the outlook for the U.S.-backed government in Kabul, which is clinging to an eroding stalemate.

Published 14 Apr, 2021 01:45pm

Pakistan

IHC issues notices to govt, others over Gillani's intra-court appeal against Senate Chairman election

Farooq Naek told the court that a presiding officer could not vote in the election but here he opted to vote
The court adjourned the hearing of the case until April 27

Published 14 Apr, 2021 01:16pm

Business & Finance

Hammad stresses on to strengthen business ties with KSA

Hammad said that the Pakistani diaspora in Saudi Arabia is a great asset for the country, and the government has taken initiatives such as Roshan Digital Accounts to facilitate non-resident Pakistanis for making investment in Pakistan.

Published 14 Apr, 2021 01:07pm

Business & Finance

Ireland set to hike 2021 GDP forecast to 4.5%

However, it is set to surge by 7.5% next year, contributing to GDP growth of 5%.

Published 14 Apr, 2021 12:50pm

Stocks

China shares rise as some IT firms pledge against anti competition; Hang Seng gains

The smaller Shenzhen index was up 0.79%, the start-up board ChiNext Composite index was higher by 1.4% and Shanghai's tech-focused STAR50 index was up 0.84%?.

Published 14 Apr, 2021 12:48pm

Sports

Kolkata will learn from Mumbai heartbreak, says Russell

"We definitely feel disappointed but at the end of the day it's not the end of the road," Russell said.

Published 14 Apr, 2021 12:46pm

Companies

Qantas sees domestic business travel recovery 3 months behind leisure market

In contrast to the brighter domestic outlook, Qantas has grounded its international fleet until at least Oct. 31, with the exception of travel to New Zealand as part of a two-way bubble starting on April 19.

Published 14 Apr, 2021 12:44pm

World

India's new coronavirus infections hit record as Hindu devotees immerse in Ganges

Elsewhere, overstretched private hospitals are turning patients away, placing an increasing burden on government facilities.

Published 14 Apr, 2021 12:41pm

World

New Zealand mosque shooter launches legal challenge to prison conditions, terrorist status

The hearing will have no bearing on the outcome of the criminal case against Tarrant, or his conviction and sentence, the court said.

Published 14 Apr, 2021 12:39pm

Stocks

World stocks hit record high as bond yields ease

The US dollar eased along with Treasury yields, slipping to a three-week low to major peers.

Published 14 Apr, 2021 12:37pm

Commodities

Shanghai aluminium near 10-year high on Chinese supply fear

Three-month aluminium on the London Metal Exchange rose 0.4% to $2,303 a tonne, having hit $2,313.50 a tonne, its highest since June 2018, earlier in the session.

Published 14 Apr, 2021 12:35pm

Commodities

German Q1 2021 cocoa grind down 8.1pc on year

Grindings continued to fall because of the impact of the coronavirus crisis, the association said.

Published 14 Apr, 2021 12:33pm

Commodities

Palm reverses early gains on higher output, container shortage

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 14 Apr, 2021 12:12pm

Commodities

CBOT soybeans may test resistance at $14.04-1/2

On the daily chart, the contract found a similar support at $13.76-3/4, around which, a spinning top formed on Tuesday.

Published 14 Apr, 2021 12:10pm

Companies

Norwegian Air to raise more money than planned, CEO says

Financed largely by debt, Norwegian Air grew rapidly, serving routes across Europe and flying to North and South America, Southeast Asia and the Middle East before the COVID-19 pandemic plunged the airline into crisis.

Published 14 Apr, 2021 12:08pm

Energy

Oil maintains upward momentum but virus concerns cap gains

Traders are waiting to see if official inventory data from the US Energy Information Administration (EIA) on Wednesday matches that view.

Published 14 Apr, 2021 12:06pm

Financial

China to broaden stress tests in 2021 to include all 4,024 banks

In April, it issued draft rules imposing additional capital adequacy, leverage ratio, and liquidity management requirements on major banks deemed important to the financial system.

Published 14 Apr, 2021 12:04pm

Stocks

Japanese shares end lower as virus resurgence hits risk appetite

Insurers fell, with Dai-ichi Life Holdings down 2.13% and T&D Holdings losing 3.89%.

Published 14 Apr, 2021 12:03pm

World

South Korea aims to fight Japan's Fukushima decision in world tribunal

"Our industry is on course to suffer annihilating damage, just with people's concerns about a possible radioactive contamination of marine products," it said in a statement.

Published 14 Apr, 2021 12:01pm

World

French finance minister reiterates 2021 economic growth forecast

France expects its economy to expand by 5% in 2021.

Published 14 Apr, 2021 11:59am

Financial

BOJ Kuroda offers cautiously optimistic view on economy

"Japan's economy remains in a severe situation due to the COVID-19 pandemic although it is picking up as a trend," he said.

Published 14 Apr, 2021 11:56am

Business & Finance

Pakistan’s powerful groups enjoy economic privileges of over $17bn: UNDP Report

The report highlights that the poorest and richest Pakistanis live in completely different countries, with literacy levels, health outcomes, and living standards that are poles apart.
Pakistan’s tax system does not contribute significantly to reducing inequality in the country due to low share of direct taxation, which is under 20 percent.

Updated 14 Apr, 2021 11:56am

Forex

Yuan edges up as markets take US inflation data in stride

The global dollar index fell to 91.763 from the previous close of 91.795.

Published 14 Apr, 2021 11:53am

Mutual Funds

JGB yields fall as BOJ bond operation witnesses decent results

The 30-year JGB yield fell two basis points to 0.650%.

Published 14 Apr, 2021 11:52am

Energy

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic

"Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada," the CER said in its analysis.

Published 14 Apr, 2021 11:50am

Energy

US oil may test resistance at $60.94

8 On the daily chart, oil seems to be bouncing towards $61.74 again, around which, the downtrend may resume.

Published 14 Apr, 2021 11:49am

Commodities

Palm oil neutral in 3,659-3,761 ringgit range

On the daily chart, a high-low bottom is developing.

Published 14 Apr, 2021 11:47am

Energy

Brent oil may edge up into $64.46-$65.22 range

A break above $66.15 could lead to a gain into $68.14-$71.38 range.

Published 14 Apr, 2021 11:45am

Bullion Rate

Spot gold may revisit April 8 high of $1,758.45

On the daily chart, gold may have completed a pullback towards a support at $1,724.

Published 14 Apr, 2021 11:44am

Bullion Rate

Gold edges higher as dollar dwindles after US inflation data

The European Central Bank should spell out its tolerance for overshooting its inflation target, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

Published 14 Apr, 2021 11:41am

Forex

Singapore dollar gains slightly after central bank stands pat, GDP surprise

All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.

Published 14 Apr, 2021 11:40am

Pakistan

Weekends to be observed as closed days: NCOC issues Ramazan SOPs

The NCOC has decided to implement broader lockdowns from today, with stringent enforcement protocols where no mobility will be allowed except in emergency situations.
All indoor and outdoor activities have been banned.

Published 14 Apr, 2021 11:41am

Forex

Dollar slips to three-week low as inflation fears seen baked in for now

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:38am

Forex

Australia, NZ dollars rally as risk sentiment survives US inflation test

"Consumers are in a sweet spot at the moment. The labour market is strong, accumulated savings are elevated and it appears households are resilient to a slow vaccine rollout," said CBA economist Belinda Allen.

Published 14 Apr, 2021 11:36am

Forex

Dollar at three-week low on tamped down fears over inflation

Biden phoned Putin to propose they meet in a third country, in a sign of concern about tensions spinning out of control in the Ukraine crisis.

Published 14 Apr, 2021 11:32am

Stocks

Australia shares rise as tech stocks track Wall Street higher

Beach Energy Ltd slipped 2.1%, while Oil Search Ltd lost 1.38%.

Published 14 Apr, 2021 11:31am

Stocks

Australia shares set to rise as commodities, Wall Street shine; NZ up

New Zealand's benchmark S&P/NZX 50 index was up 0.24% to 12687.24 in early trade.

Published 14 Apr, 2021 11:30am

World

EU Commission to end AstraZeneca and J&J vaccine contracts at expiry

It added that Brussels would rather focus on COVID-19 vaccines using messenger RNA (mRNA) technology, such as Pfizer's and Moderna's.

Published 14 Apr, 2021 11:29am

Companies

EasyJet sees more flying from late May

For the six months ended in March, a period when flying has been severely curtailed by the pandemic.

Published 14 Apr, 2021 11:27am

Business & Finance

Tesco reports 2bn pounds profit after exceptionally strong sales

After seeing "exceptionally strong" sales during the COVID-19 pandemic.

Published 14 Apr, 2021 11:26am

Financial

Europeans want digital euro to be private, safe and cheap: ECB survey

The ECB is working on creating an electronic form of cash to complement banknotes and coin but a digital euro is unlikely to be a reality for four to five years at a minimum.

Published 14 Apr, 2021 11:24am

World

Congo to start delayed COVID-19 vaccination with AstraZeneca shots

A government statement late on Tuesday said a task force had determined that the AstraZeneca vaccines already available in the country presented no risks to the population.

Published 14 Apr, 2021 11:22am

World

UN report says millions of women face restrictions on their body

"In essence, hundreds of millions of women and girls do not own their own bodies.

Published 14 Apr, 2021 11:20am

Pakistan

Pakistan reports highest number of COVID-19 deaths in a day since June as 135 people die in 24 hours

Country's COVID-19 tally now stands at 734,423 after 4,681 new cases were reported in 24 hours.
3,645 people also recovered in the past 24 hours.

Updated 14 Apr, 2021 11:20am

Stocks

Hong Kong shares sharply higher at lunch

The Hang Seng Index rallied 1.24 percent, or 352.75 points, to 28,850.00.

Published 14 Apr, 2021 11:18am

World

Report on Capitol Hill riot criticizes police preparation, response

Some of the shields that officers used shattered upon impact because they had not been stored under the right temperature.

Published 14 Apr, 2021 11:16am

Business & Finance

China saw record 18.7% growth in first quarter: AFP survey

"This will in turn speed up domestic demand recovery and prop up production," she said.

Published 14 Apr, 2021 11:14am

Stocks

Most Asian markets rise as earnings come into focus

Pfizer also said it had enough production capacity to produce more than two billion doses this year.

Published 14 Apr, 2021 11:12am

World

Biden to accompany first lady for undisclosed medical procedure

It did not say what kind of procedure the first lady will undergo, but the statement said it is a "common" one.

Published 14 Apr, 2021 11:11am

World

The Pfizer/BioNTech vaccine bet that paid off

The shot -- using the hitherto unproven mRNA method to deliver vaccines -- has since proven a success in public rollouts across the world.

Published 14 Apr, 2021 11:09am

World

In world first, New Zealand to make banks report climate impact

"We simply cannot get to net-zero carbon emissions by 2050 unless the financial sector knows what impact their investments are having on the climate," he said.

Published 14 Apr, 2021 11:07am

Govt revises growth estimate upward to nearly 3pc of GDP

ISLAMABAD: The federal cabinet has approved itys budget strategy paper for the next fiscal year, envisaging 4.2...

Updated 14 Apr, 2021 11:07am

World

Foreign firms vie to rebuild ravaged Beirut port

Former colonial power France has also been positioning itself to take on the port's reconstruction.

Published 14 Apr, 2021 11:00am

World

Ecuador ex-president vows to 'keep fighting' after protege's defeat

Many experts billed the election as a battle of "Correism versus anti-Correism" in a country bitterly divided along political lines.

Published 14 Apr, 2021 10:58am

Technology

Microsoft defends against new threat to Exchange

US Justice Department officials on Tuesday announced that, with backing from a court, they purged "malicious web shells" hackers had planted in hundreds of computers running Exchange Server software.

Published 14 Apr, 2021 10:56am

World

Biden sends unofficial US delegation to Taiwan

Biden has made clear he wishes to cooperate with China on common causes such as climate change.

Published 14 Apr, 2021 10:54am

Stocks

Hong Kong shares rally at open

The Hang Seng Index jumped 1.05 percent, or 299.30 points, to 28,796.55.

Published 14 Apr, 2021 10:52am

World

Egypt seizes Ever Given ship over $900 million Suez Canal compensation bill

An Egyptian court ordered the vessel's Japanese owner to pay $916 million in compensation as a result of losses inflicted when the Panamanian-flagged vessel blocked the Suez Canal
UK Club says it is the insurer of the Ever Given for certain third-party liabilities including obstruction claims or infrastructure issues but is not the insurer for the vessel itself or the cargo

Updated 14 Apr, 2021 10:53am

World

Pelosi asks Biden to address US Congress to mark 100 days in office

The request came from House of Representatives Speaker Nancy Pelosi, who invited Biden to make a speech April 28 to talk about.

Published 14 Apr, 2021 10:51am

Stocks

Tokyo stocks open lower weighed by virus worries

Other reports said one or possibly two separate funds were considering counter buyout offers for Toshiba.

Published 14 Apr, 2021 10:49am

World

Biden urges Putin to ease Ukraine tensions

The US secretary of state also met with EU foreign policy chief Josep Borrell, both of whom expressed deep concern over Russian troop movements, according to a European statement.

Published 14 Apr, 2021 10:47am

World

Beijing pays its UN dues, implies US should follow

Beijing became the second largest financial contributor to UN peacekeeping operations in 2016, and the second largest to the operating budget in 2019, ahead of Japan.

Published 14 Apr, 2021 10:45am

Companies

Toshiba CEO to resign as buyout offer stirs turmoil: media

After sweeping restructuring, its earnings rebounded and it returned to the prestigious first section of the Tokyo Stock Exchange in January.

Published 14 Apr, 2021 10:43am

Sports

Durant drops 31 as Nets thump Timberwolves

Nash, a two-time former NBA MVP, meanwhile ruled out making himself available for the injury-hit Nets.

Published 14 Apr, 2021 10:41am

World

Germany to give different second jab to AstraZeneca recipients under 60

Most of the cases reported were in women under 60 years of age within two weeks of vaccination.

Published 14 Apr, 2021 10:40am

World

Defence begins for officer charged with murdering George Floyd

Prosecutors have acknowledged that Floyd had fentanyl and meth in his system at the time of his death but introduced testimony from several medical experts who said the doses were not lethal.

Published 14 Apr, 2021 10:38am

World

Argentine VP cleared in one of eight fraud cases

"This is not only a leading case of lawfare but also the meddling and manipulation of judicial power in the electoral processes and Argentine politics," said the veteran firebrand.

Published 14 Apr, 2021 10:36am

World

China envoy to Canada urges against 'decoupling'

Meanwhile, he renewed calls for Canada to release Huawei chief financial officer Meng Wanzhou, saying Canada must "right this wrong."

Published 14 Apr, 2021 10:34am

World

US pauses J&J vaccine in blow to global immunization drive

People who have received a J&J shot within the past three weeks were asked to report to their doctors if they experienced severe headaches, abdominal pain, leg pain or shortness of breath.

Published 14 Apr, 2021 10:33am

World

Covid patients with sedentary habits more likely to die: study

But up to now, a sedentary lifestyle has not been included.

Published 14 Apr, 2021 10:32am

World

'Immunised' Muslim pilgrims in Mecca as Ramadan begins

Saudi Arabia has reported more than 400,000 coronavirus infections and 6,700 deaths from Covid-19.

Published 14 Apr, 2021 10:29am

Business & Finance

Coinbase reference price set at $250/share, values exchange at $65bn

That price for Coinbase, which has opted against a traditional IPO but instead will use a direct listing, means the company is valued at $65.3 billion.

Published 14 Apr, 2021 10:27am

Stocks

Global stocks mostly shrug off J&J vaccine woes

Optimism nevertheless appeared intact among traders as bitcoin zoomed to a record high above $63,000 ahead of Wednesday's trading launch of the Coinbase cryptocurrency exchange.

Published 14 Apr, 2021 10:25am

World

20 children killed in Niger school fire

"Rescuers set off rapidly and the fire was put out... but the power of the fire was enormous," he added. "The children were not able to escape."

Published 14 Apr, 2021 10:24am

World

Moderna Covid vaccine efficacy falls slightly to 90% in US trial

The company said that as of April 12, it has delivered 132 million doses of its vaccine globally, including approximately 117 million doses to the United States.

Published 14 Apr, 2021 10:22am

World

French volcano enthusiasts camp out to skirt curfew

Several other spectators have also been camping out to view the volcano, whose name means "Furnace Peak" in English.

Published 14 Apr, 2021 10:20am

Sports

Chelsea into Champions League semis for first time since 2014

Led by the astute Tuchel, who took Paris Saint-Germain to the Champions League final last season, that lofty ambition can't be ruled out.

Published 14 Apr, 2021 10:18am

Technology

Whatsapp introduces new features for Ramadan

These stickers have highlighted the importance of Iftar, Sehri times, and fasting, and its awareness.

Published 14 Apr, 2021 10:12am

Sports

PSG edge epic Champions League tussle with Bayern despite second-leg defeat

For all their injuries, their starting line-up was still impressive, and with Thomas Mueller leading from the front and co-ordinating their suffocating press, Bayern took the game to their hosts.

Published 14 Apr, 2021 10:17am

Sports

UEFA Champions League leading scorers

Benzema (Real Madrid), Berisha (Salzburg), Immobile (Lazio).

Published 14 Apr, 2021 10:15am

World

Pfizer says it can deliver 10% more Covid vaccines by end of May

The pharmaceutical giant can also "supply the full 300 million agreed on for the end of July two weeks early

Published 14 Apr, 2021 10:14am

Industry

China’s imports pick up further, exports strong

BEIJING: China’s imports and exports boomed again in March, data showed Tuesday, reaffirming the recovery in the...

Updated 14 Apr, 2021 10:12am

Business & Finance

German investor confidence falls as virus curbs drag on

BERLIN: German investor sentiment fell in April for the first time since November as Europe’s top economy feels ...

Updated 14 Apr, 2021 10:12am

Industry

Inflation made life difficult for people: PBIF

KARACHI: Chairman of National Business Group and president Pakistan Businessmen and Intellectuals Forum, Mian Zahid...

Updated 14 Apr, 2021 10:12am

Money & Banking

Dollar surges in Europe

LONDON: The dollar edged higher on Tuesday, helped by a pick-up in US Treasury yields, while riskier currencies...

Updated 14 Apr, 2021 10:11am

Money & Banking

Swiss strike gold with world’s smallest commemorative coin

GENEVA: A tiny Swiss gold coin bearing a picture of Albert Einstein sticking his tongue out has been crowned as the...

Updated 14 Apr, 2021 10:11am

Money & Banking

Sterling falls

LONDON: The British pound held near a two-month low against the dollar and nursed losses against the euro on Tuesday...

Updated 14 Apr, 2021 10:11am

Money & Banking

Meezan Bank provides automation solution to Tufail Group

KARACHI: Meezan Bank, the best bank in Pakistan has announced the provision of corporate & transaction banking...

Updated 14 Apr, 2021 10:11am

Industry

e-Stamp papers: Punjab govt earns over Rs128.6bn

LAHORE: The Punjab government has earned over Rs 128.6 billion by selling about 5.8 million e-stamp papers during ...

Updated 14 Apr, 2021 10:11am

Industry

PCSTSI, PIA sign MoU

PESHAWAR: Peshawar Chamber of Small Traders and Small Industries (PCSTSI) and Pakistan International Airlines (PIA)...

Updated 14 Apr, 2021 10:11am

Money & Banking

Bitcoin hits record high above $62,000

LONDON: Bitcoin hit a record high above $62,000 Tuesday as the cryptocurrency exchange Coinbase prepares to launch...

Updated 14 Apr, 2021 10:11am

Industry

US consumer prices post biggest gain in 8-1/2 years as economy reopens

WASHINGTON: US consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and...

Updated 14 Apr, 2021 10:11am

Industry

Sugar industry heading towards crisis: PSMA Punjab

LAHORE: The Pakistan Sugar Mills Association, Punjab Zone, has claimed that the sugar industry is heading towards...

Updated 14 Apr, 2021 10:11am

Taxes

Income tax returns increase 8pc for tax year 2020

LAHORE: Income tax returns for tax year 2020 have reached 2.8 million compared to 2.6 million last year, showing an...

Updated 14 Apr, 2021 10:11am

Donations, contributions: SBP directs banks to open EKBNS Fund account

KARACHI: The State Bank of Pakistan (SBP) has asked all commercial banks for opening of special fund account titled...

Updated 14 Apr, 2021 10:11am

Govt decides to deploy Rangers in 5 Punjab cities

ISLAMABAD: The federal cabinet on Tuesday decided to deploy Rangers in Lahore, Rawalpindi, Gujranwala, Jehlum, and...

Updated 14 Apr, 2021 10:11am

Minister says ‘sufficient’ stock of vaccine available

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said that more than 1.3...

Updated 14 Apr, 2021 10:11am

Ramazan starts

PESHAWAR: The faithful will begin fasting on Wednesday (today) as the moon of Ramazan-ul-Mubarak was sighted in most...

Updated 14 Apr, 2021 10:11am

LNG-fired power plants: ECC all set to approve amendments in PPAs, GSAs

ISLAMABAD: The Economic Coordination Committee (ECC) is all set to approve amendments in Power Purchase Agreements...

Updated 14 Apr, 2021 10:11am

Govt decides to withdraw Kapco from PC’s portfolio

ISLAMABAD: The Federal Government has decided to amend Facilitation Agreement and guarantee of Kot Addu Power ...

Updated 14 Apr, 2021 10:11am

Swiss money laundering probe eyes Lebanon central bank chief: report

GENEVA: From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of...

Updated 14 Apr, 2021 10:11am

Justice Isa’s live streaming petition rejected

ISLAMABAD: The Supreme Court in a 6-4 verdict dismissed Justice Qazi Faez Isa’s application through which he had...

Updated 14 Apr, 2021 10:11am

Availability of essential items: PM for strict vigilance

ISLAMABAD: Prime Minister Imran Khan Tuesday directed for a strict vigilance over availability of essential...

Updated 14 Apr, 2021 10:11am

Singapore’s Grab to go public in world’s biggest $40b SPAC merger

SINGAPORE: Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on...

Updated 14 Apr, 2021 10:11am

PM, COAS & ISI chief discuss situation

ISLAMABAD: Prime Minister Imran Khan Tuesday held a meeting with Chief of Army Staff (COAS) General Qamar Javed...

Updated 14 Apr, 2021 10:11am

Police officer, protester killed

ISLAMABAD: Thousands of workers of Tehrik-i-Labaik Pakistan (TLP) clashed with police for a second day on Tuesday in...

Updated 14 Apr, 2021 10:11am

Feb LSMI output down 4.15pc MoM

ISLAMABAD: The overall output of the Large Scale Manufacturing Industries (LSMI) decreased by 4.15 percent in...

Updated 14 Apr, 2021 10:11am

Foreign investors promised tax relief, incentives in FY22 budget

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday assured top foreign investors maximum tax relief and ...

Updated 14 Apr, 2021 10:10am

BR Research

Azgard Nine Limited

Azgard Nine Limited (PSX: ANL) was set up as a public limited company in 1993. Initially it was named “Indigo ...

Published 14 Apr, 2021 07:40am

BR Research

PTCL: good start to 2021

A telecom giant has started the year with its momentum intact. In the first quarter ended March 31, 2021, the...

Published 14 Apr, 2021 07:35am

BR Research

Where the buck stops

Every year in March, there is a sudden burst of activity in the development world and amongst donor circles around...

Published 14 Apr, 2021 07:30am

BR Research

Remittances – the splendid growth streak persists.

As per the State Bank of Pakistan’s official data. remittances in March 2021 stood at $2.725 billion, up by 43...

Published 14 Apr, 2021 07:25am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Message from ABDUL RAZAK DAWOOD, Advisor to the Prime Minister on Commerce and Investment

Pakistan’s relations with the Democratic Socialist Republic of Sri Lanka are special, cordial and unique. The Free...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Message from Iftikhar Ali Malik, President SAARC Chamber of Commerce & Industry

I highly appreciate the efforts of Daily Business Recorder to highlight the economic potentials of South Asian...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Message from His Excellency Vice Admiral Mohan Wijewickrama, the High Commissioner of Srilanka

Despite geographical barriers, Pakistan and Sri Lanka had been trusted partners with historical linkages dating back...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Message from Ismail Suttar President Employers Federation of Pakistan

The ball is now in the court of the business communities of Sri Lanka and Pakistan, the trade figures between Sri...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Message from Yasin Joyia, Honorary Consul General Sri Lanka Punjab (Designated)

The Honorable Prime Minister Imran Khan resent visit has surely produced positive outcomes with regard to further...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Genix emerging in international business

The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP), in collaboration with High Commission ...

Published 14 Apr, 2021 03:22am

Supplements

Guard Agricultural Research & Services: Leader in demand-drivenresearch in agriculture

Shahzad Malik (SI), Chief Executive Guard Agriculture Research & Services (Pvt.) Ltd Pakistan &...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan’s Trade and Investment Prospects in Sri Lanka

Ismail Suttar, President Employers Federation of Pakistan The recent high-poweredtrade andinvestment conferencein...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Improving economic growth through agriculture

Contribution of agriculture towards economic development is considered a paradox around the world since rural...

Published 14 Apr, 2021 03:22am

Supplements

Pakistan & Srilanka-Trade and Investment Opportunities: Trade and Economic ties between Pakistan & Sri Lanka

YASIN JOYIA, Honorary Consul General Sri Lanka Punjab (Designated) Prime Minister of Pakistan H.E Imran Khan in his...

Published 14 Apr, 2021 03:22am

Supplements

Together: An Accelerated South Asian Cooperation in the New Normal

Iftikhar Ali Malik, President, SAARC Chamber of Commerce & Industry Pakistan & Srilanka-Trade and...

Published 14 Apr, 2021 03:22am

Technology

PTCL Group posts Rs33.9bn revenue in Q1 2021

ISLAMABAD: The Pakistan Telecommuni-cation Company Limited (PTCL) Group posted revenue of Rs 33.9 billion in Q1 2021...

Published 14 Apr, 2021 03:22am

Asia

Japan to release treated Fukushima water into the sea

TOKYO: Japan will release more than a million tonnes of treated water from the stricken Fukushima nuclear plant into...

Published 14 Apr, 2021 03:22am

Pakistan

Four new KP ministers take oath

PESHAWAR: Four newly inducted ministers into the Khyber Pakhtunkhwa cabinet took the oath of offices here on ...

Published 14 Apr, 2021 03:22am

USA

Student killed in Tennessee school shooting was the suspect: police

WASHINGTON: The person who died after being shot at a high school in the US state of Tennessee was a student who...

Published 14 Apr, 2021 03:22am

World

Biden to withdraw all US troops from Afghanistan by Sept 11

WASHINGTON: President Joe Biden will remove all US troops from Afghanistan before this year’s 20th anniversary of...

Published 14 Apr, 2021 03:22am

World

Turkey to host Afghan peace talks from 24th

ISTANBUL: Turkey said Tuesday it will host an international peace conference on Afghanistan from April 24 to May 4,...

Published 14 Apr, 2021 03:22am