News Archives for Latest - 2021-04-16

BR Research

Interview with Ehsan Saya - MD Daraz, and Mohammad Hasan Osama - Head of Marketplace Daraz

“We will double the number of sellers in 2021 with our seller-focus strategy”. A former investment banker, ...

Updated 17 Apr, 2021 07:18pm

Pakistan

Govt committed to provide relief through various programs: Shehryar

He said the government wanted accountability across the board against all corrupt and plunderers to wipe out the menace of corruption and money laundering.

Published 16 Apr, 2021 10:20pm

Pakistan

Govt making efforts to bring Nawaz back from London: Fawad

The real culprits are out of this country, he said adding that incumbent government was trying to summon Nawaz Sharif to face criminal cases in Pakistan.

Updated 16 Apr, 2021 10:20pm

Commodities

Gold hits 7-week peak as retreating US yields boost appeal

Gold gains over 2% so far this week.
US Treasury yields hover near a one-month low.
Silver rises over 3%, palladium gains about 5% for the week.

Published 16 Apr, 2021 08:20pm

Forex

Dollar slips to 4-week low hurt by recent retreat in yields

Greenback set for 0.7% drop this week.
US says Vietnam, Switzerland and Taiwan violate currency thresholds.

Published 16 Apr, 2021 08:18pm

Stocks

Indian shares close higher as IT rally offsets virus-induced slump

The NSE Nifty 50 index closed 0.25% higher at 14,617.85, while the S&P BSE Sensex was flat at 48,832.03.
IT stocks closed 1.2% higher but clocked a weekly loss of 3.8% due to a heavy sell-off in equity markets sparked by rising coronavirus cases.

Published 16 Apr, 2021 08:14pm

Sports

Manchester United will never give up title chase, says Solskjaer

"Of course we will never give up," Solskjaer told a news conference. "Man United will never, ever give up. This team, this club has had too many setbacks, too many great comebacks to have that in our DNA.
"You have got to make progress and that is the reality," he said. "You want to finish the season strongly and if we manage second then it is progress.

Published 16 Apr, 2021 08:12pm

Forex

Canadian dollar heads for weekly gain as greenback slips

Canadian dollar strengthens 0.4% against the greenback.
For the week, the loonie was on track to gain 0.2%.
Canadian wholesale trade falls 0.7% in February.
Canadian bond yields rise across a steeper curve.

Published 16 Apr, 2021 08:10pm

USA

US housing starts race to 15-year high; building permits rise moderately

Housing starts increase 19.4% in March.
Single-family starts rise 15.3%; multi-family soar 30.8%.
Building permits gain 2.7%; single-family climb 4.6%.

Published 16 Apr, 2021 08:08pm

Money & Banking

Erdogan adviser says central bank unlikely to cut rates early in Turkey

Erdogan has long called for lower rates and abruptly fired the last three bank chiefs in less than two years, including Naci Agbal on March 20. Analysts say the bank's credibility is tarnished given Erdogan's outsized influence on monetary policy.
"I do not think the central bank or the governor knows when they will cut the policy rate, since they will act according to the data. I think it is early to make a comment on rate cuts before seeing the inflation data," said Ertem.

Published 16 Apr, 2021 08:06pm

Money & Banking

New UniCredit chief sees technology at core of every decision

Orcel, former head of investment banking at UBS, started in his new role on Thursday, after narrowly overcoming an investor revolt over an up to 7.5 million euro ($9 million)pay package that makes him one of Europe's best-paid bank executives.
"Getting this right in a time frame that will have a material impact is critical to the success of our business, for the service that we provide for our clients and for our customers," he said.

Published 16 Apr, 2021 08:03pm

Sports

Roma defender Smalling robbed by armed burglars

Three men entered the house at around 5 am and forced Smalling to open the safe and hand over three Rolex watches, jewels and around 300 euros ($359.46) in cash, according to news agency ANSA and Rome's main sports daily Corriere dello Sport.

Published 16 Apr, 2021 08:04pm

Sports

Man City's De Bruyne approaching peak form in home stretch

Premier League leaders City are chasing a quadruple this season and face a stern test on Saturday when they take on Chelsea in the FA Cup semi-finals.
"He's arriving in a good feeling... He's arriving for the next six weeks in the best condition physically and mentally," Guardiola told reporters.

Published 16 Apr, 2021 07:59pm

Companies

GM, LG Energy Solution to build 2nd US battery plant in Tennessee

The planned 2.8 million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and is expected to have a production capacity similar to the companies' Ultium Cells joint-venture plant in Lordstown, Ohio, of about 35 gigawatt-hours as they move to respond to the growing demand in the electric vehicle market.
LG Chem said in a regulatory filing that its LG Energy Solution unit will invest $933.5 million in the plant between this year and 2023.

Published 16 Apr, 2021 07:57pm

Stocks

S&P 500, Dow hit record highs on bank earnings boost

S&P 500, Dow set for fourth straight week of gains.
Morgan Stanley wraps up earnings from big banks.
Strong US data boosts economic recovery hopes.
Indexes: Dow up 0.29%, S&P adds 0.07%, Nasdaq off 0.34%.

Published 16 Apr, 2021 07:55pm

Stocks

TSX extends gains as gold prices rise, set to rise for third week

Toronto Stock Exchange's S&P/TSX composite index was up 24.24 points, or 0.1%, at 19,326.16.
The energy sector climbed 0.6% even as US crude prices slipped 0.1% a barrel. Brent crude added 0.1%.

Published 16 Apr, 2021 07:51pm

Europe

Italy's Draghi expects economy to jump, looks to bet on ‘good debt’

"We will have a very strong economic rebound in the coming months and will then have to settle on a path, on a level of growth, that will allow us to free ourselves of the high debt," Draghi told a news conference.
"We are issuing and will (continue to) issue debt. The point is that this debt must be invested well ... it is a bet on good debt," he said.

Published 16 Apr, 2021 07:52pm

Forex

Brazil's real lags Latam FX as budget woes, COVID concerns mount

Latam FX still up for the week.
Brazil budget deficits seen for next three years.
Chile's peso best weekly performer, up 1.7%.

Published 16 Apr, 2021 07:47pm

Europe

Iran nuclear talks to last several days then pause: EU official

The EU is chairing meetings in Vienna of the remaining parties to the deal - Iran, Russia, China, France, Germany and Britain.
We have this (Iranian) decision to go for 60% enrichment. Obviously this is not making the negotiation easier.

Published 16 Apr, 2021 07:44pm

Money & Banking

Congo central bank cuts interest rate to 10.5pc

It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations.
Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year.

Published 16 Apr, 2021 07:41pm

Companies

China's Sinovac vaccine 67pc effective against symptomatic infection: Chile report

The vaccine was 85% effective in preventing hospitalizations and 80% effective in preventing deaths, the government said in a report prepared by the Chilean health ministry.
Chile's study examined CoronaVac's effectiveness among 10.5 million people, again looking both at people who had been vaccinated and those who had not.

Published 16 Apr, 2021 07:39pm

IT and Computers

United Mobile Becomes OnePlus' First Official Distributor in Pakistan

United Mobile has joined hands with OnePlus to become its first official distributor in Pakistan.
OnePlus will be officially launched by United Mobile in Pakistan on the 19th of April, 2021.

Updated 16 Apr, 2021 07:42pm

USA

Biden administration to invest $1.7bn to fight COVID-19 variants

"The original strain of COVID-19 comprises only about half of all cases in America today. New and potentially dangerous strains of the virus make up the other half," the White House said in a statement.
The White House also offered a state-by-state breakdown of the funds with California receiving over $17 million, Texas over $15 million and Florida over $12 million.

Published 16 Apr, 2021 07:37pm

Financial

Czech finance ministry raises 2021 debt financing need to CZK 728.4bn

The ministry raised its minimum domestic bond issuance for this year to 580 billion crowns from 400 billion seen in the original debt financing strategy released in December.

Published 16 Apr, 2021 07:36pm

USA

US panel to meet again next week to discuss pause on J&J's COVID-19 shot

The US Centers for Disease Control and Prevention (CDC) advisory panel will meet on April 23, according to a notice posted on the regulator's website.
US health regulators recommended earlier this week that use of the J&J vaccine be paused after reports of six cases of rare brain blood clots in women.

Updated 16 Apr, 2021 07:37pm

Commodities

Copper heads for biggest weekly gain since February

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,320.50 a tonne.
Global equities were near record highs and European stocks reached an all-time peak. Oil prices rose above $67 a barrel.

Published 16 Apr, 2021 06:39pm

Companies

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Mercedes-Benz has finally unveiled its 2022 EQS Luxury Electric Sedan, featuring a two-tone paint design, larger battery, a huge infotainment screen, and luxurious interior.

Published 16 Apr, 2021 06:39pm

Commodities

Raw sugar falls as market consolidates after one-month peak

May raw sugar fell 0.4% to 16.31 cents per lb.
May arabica coffee rose 0.1% to $1.3285 per lb, having earlier hit its highest in a month.

Published 16 Apr, 2021 06:37pm

Europe

COVID-19 prevalence in England drops sharply in latest week: ONS

There were 1 in 480 people infected in the week ending April 10, according to the latest figures, down from 1 in 340 infected the week before.
"Our modelling suggests that the percentage of people testing positive in England decreased in the week ending 10 April 2021," the ONS said.

Published 16 Apr, 2021 06:35pm

Europe

Germany says taking Britain off its COVID risk list

The Robert Koch Insitute (RKI) for infectious diseases also added the Portuguese regions of the Azores and Algarve as well as Castile-La Mancha in Spain to its risk list.

Published 16 Apr, 2021 06:29pm

Forex

Bitcoin tumbles after Turkey bans crypto payments citing risks

The decision could stall Turkey's crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
In a statement, the central bank said crypto assets were "neither subject to any regulation and supervision mechanisms nor a central regulatory authority", among other security risks.

Published 16 Apr, 2021 06:27pm

Stocks

Thai Beverage defers IPO plans for regional beer business on market uncertainty

The spin-off by the company, controlled by one of Thailand's richest men, was set to be the largest initial public offering in the city-state in nearly a decade. Reuters had reported earlier that the IPO could raise about $2 billion.

Published 16 Apr, 2021 06:25pm

Financial

India central bank's rejection of 10-year bond bids fuels late rally

The benchmark 10-year bond yield closed at 6.08%, down 5 basis points on the day after earlier rising to 6.18%, its highest since April 7.
On Friday, RBI sold bonds worth 113.27 billion rupees, less than half of what it set out to raise for the government and rejected all bids at the sale of the 10-year bond.

Published 16 Apr, 2021 06:23pm

Companies

Johnson & Johnson asked rival COVID-19 vaccine makers to probe clotting risks: WSJ

AstraZeneca, which had been buffeted by similar blood-clotting concerns for weeks, agreed, while Pfizer Inc and Moderna executive declined, saying their vaccines appeared safe, the report said.
The specific adverse event has not been reported by those who received the Pfizer and Moderna vaccines, the companies had said.=

Published 16 Apr, 2021 06:20pm

South Asia

Delhi COVID-19 cemetery running low on space as deaths mount

"You told me not to go outside but I didn't listen," he cries. "It's my fault," he shouts over and over. "I'm sorry."
On Thursday, a steady stream of ambulances arrived at the Jadid Qabristan cemetery on the outskirts of the ancient walled city, where a vast patch of wasteground was turned into a COVID-19 burial ground last year.

Published 16 Apr, 2021 06:18pm

Sports

West Ham in touching distance of top-four finish, says Moyes

Moyes takes his fourth-placed team to Newcastle United on Saturday when a victory would push the Hammers into third spot.
"Chelsea, Liverpool, Tottenham, Everton are all teams that can touch us. We have seven to go I have my targets and the players know what we need to do.

Published 16 Apr, 2021 06:16pm

Stocks

Sri Lankan shares end lower as financials drag

The CSE All-Share Index fell 0.57% to close at 7,600.57 points. The index is up over 12.2% for the year.
Conglomerate Lanka ORIX Leasing Company Plc and investment company Browns Investments Plc were the top drags to the index, falling 2.7% and 3.1%, respectively.

Published 16 Apr, 2021 06:03pm

Money & Banking

Indian govt had no outstanding loans from RBI in April 9 week

The central government had no outstanding loans in the week earlier as well.
State governments had 23.55 billion rupees ($316.43 million)loans from the RBI in the week ended April 9, compared with 33.72 billion rupees in the previous week, the release showed.

Published 16 Apr, 2021 06:13pm

Money & Banking

India's forex reserves rise to $581.21bn as of April 9

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves.

Published 16 Apr, 2021 06:04pm

Companies

Lilly asks FDA to not allow lone use of COVID-19 drug bamlanivimab

The request made to the US Food and Drug Administration is not due to any new safety issues, but in response to the new variants in the country that could be resistant to bamlanivimab when used alone, the drugmaker said in a statement.
Hospitals with bamlanivimab supply should now order etesevimab to pair with it, Lilly said.

Published 16 Apr, 2021 05:45pm

South Asia

India to boost monthly output of homegrown vaccine to 100mn doses by September

"The current production capacity of indigenously developed Covaxin vaccine will be doubled by May-June 2021 and then increased nearly 6-7 fold by July-August 2021," the Ministry of Science & Technology said in a statement, pegging current capacity at 10 million doses.

Published 16 Apr, 2021 05:43pm

Forex

Dollar heads for second week of losses as yields decline

Greenback set for 0.5% drop this week after hitting 1-month low.
Benchmark yield fell most in 5 months despite strong US data.
US Treasury FX report due, eyes on Swiss franc.

Published 16 Apr, 2021 05:41pm

South Asia

Australia reports first death from blood clots 'likely' linked to AstraZeneca vaccine

"In the absence of an alternative cause for the clinical syndrome, VSIG believed that a causative link to vaccination should be assumed at this time," the TGA said.
The TGA said her case had been complicated by underlying medical conditions, including diabetes, "as well as some atypical features."

Published 16 Apr, 2021 05:39pm

Financial

US Treasury yields edge higher, day after hefty fall

Ten-year Treasury yields fell more than 10 basis points on Thursday, the biggest one-day move down since early-November, Yields touched a low of 1.5280% -- well off 14-month highs hit recently above 1.77%.
On Friday, yields rose again to 1.56%, up 3.5 basis points on the day but still down eight bps from where the market opened on Thursday.

Published 16 Apr, 2021 05:37pm

Companies

Italy to deploy 20bn euros in 2021 for fund for virus-hit firms

New recapitalisation fund to be managed by state lender CDP.
Will help companies weakened by the coronavirus crisis.
Italian debt to rise to post-war record of almost 160% of GDP.

Published 16 Apr, 2021 05:35pm

Pakistan

Social media platforms restored in Pakistan after a brief shut down

Several social media services were shut down from 11 am to 3 pm.
PTA said it was done on the orders of the Interior Ministry to maintain public order and safety.

Published 16 Apr, 2021 05:32pm

Industry

Russia's Yandex to launch e-grocery delivery in Paris then London

Russia's e-commerce market boomed last year as lockdown restrictions kept shoppers at home, with Yandex.Lavka, a 15-minute grocery delivery service, one of the main beneficiaries.
Yango, the international arm of Yandex Go, the firm's taxi aggregator and food tech business, launched the grocery service in Israel under the Yango Deli brand late last year.

Published 16 Apr, 2021 05:33pm

Money & Banking

Goldman Sachs communications head Jake Siewert to leave

Siewert, a veteran of the Clinton and Obama administrations, joined the Wall Street bank in 2012. Before that, he was a top aide to former Treasury Secretary Timothy Geithner.
Siewert led Goldman's makeover efforts after the 2008 global financial crisis and was also involved in the launch of Marcus, its online retail banking division, the report said.

Published 16 Apr, 2021 05:31pm

Europe

Sweden registers 7,658 new COVID-19 cases, 27 deaths on Friday

The country of 10 million inhabitants registered 27 new deaths, taking the total to 13,788. The deaths registered have occurred over several days and sometimes weeks.

Published 16 Apr, 2021 05:26pm

Pakistan

PM Khan pays tribute to police force for 'heroic role against organized violence'

Four policemen were martyred in recent violence and over 600 are reportedly injured.
- Prime Minister said that the families of martyrs will be properly looked after.
- Our nation is indebted to these heroes & we will look after the families of the martyrs,” he added

Published 16 Apr, 2021 05:21pm

Sports

Stokes ruled out for three months with fractured finger

Stokes had an X-ray and CT scan on Thursday, which had revealed the extent of the damage, the ECB statement said, adding that he will fly home for surgery in Leeds on Monday.
"It's a big blow but it's not the end of the world because Ben Stokes would have needed resting in this difficult scheduling year anyway," former England skipper Nasser Hussain told Sky Sports on Friday.

Published 16 Apr, 2021 05:24pm

Money & Banking

Morgan Stanley profit blows past estimates, flags credit event loss

The Wall Street powerhouse, however, recorded a total one-off loss of over $900 million that it said was related to a credit event and subsequent losses from "a single prime brokerage client."
Morgan Stanley was one of six banks who had exposure to Archegos Capital Management, a family office fund that defaulted on margin calls late last month and triggered a firesale of stocks across Wall Street.

Published 16 Apr, 2021 05:21pm

Money & Banking

Turkish central bank governor defends forex sales under previous administration

The main opposition Republican People's Party (CHP) has been pressuring President Tayyip Erdogan and his AK Party over $128.3 billion of the bank's reserves that were sold via state banks in 2019 and 2020 to prop up the lira.

Published 16 Apr, 2021 05:19pm

Europe

EU Commission urges Ireland to rethink hotel quarantine

The EU executive wrote to the Irish government on Friday in relation to the criteria used to determine the list, a spokesman said.
"The Commission has concerns regarding this measure in relation to the general principles of EU law, in particular proportionality and non-discrimination," the spokesman said.

Published 16 Apr, 2021 05:15pm

Companies

Kansas City revenue falls 3.5pc as COVID-19 hits volumes

The company's net income rose to $153.4 million, or $1.68 per share, in the first quarter ended March 31, from $152.3 million, or $1.58 per share, a year earlier.
Operating ratio, a key metric for Wall Street, rose to 64.2% from 60.5% a year earlier. A lower operating ratio signals improved profitability.

Published 16 Apr, 2021 05:07pm

South Asia

Second S.Korean deal to produce Russia's Sputnik V

The deal to produce Sputnik V - for export rather than domestic use - is the second in South Korea and comes after biotech firm GL Rapha signed a deal late last year to make more than 150 million doses of the vaccine per year.
Huons said on Friday its consortium will begin producing sample batches in August and would respond flexibly to supply demand from the Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund.

Published 16 Apr, 2021 05:04pm

Energy

Oil rises above $67 in fifth day of gains on demand hopes

Brent on track for weekly gain of about 7%.
US, China economic recoveries bolster sentiment.
IEA and OPEC boost 2021 global oil demand growth forecasts.
Rising COVID-19 cases in other major economies weigh.

Published 16 Apr, 2021 05:05pm

Stocks

China to tighten scrutiny of STAR listings

Companies engaging in real estate and companies mainly engaging in financial investment business will be barred from listing on the STAR Market, CSRC said.
CSRC also said it would tighten scrutiny of companies engaging in fintech and restrict their listings on the STAR Market.

Published 16 Apr, 2021 04:55pm

Money & Banking

Chinese banking sector's first-quarter profit growth at 1.5pc, says regulator

Chinese banks have begun to improve earnings in tandem with an economic recovery and are expected to continue to do so throughout the year.
The amount of special bonds for capital replenishment "will be relatively stable compared with last year", said Xiao Yuanqi, vice-chairman of CBIRC, adding that the disposal of bad loans will be no less than in previous years.

Published 16 Apr, 2021 04:53pm

Commodities

Gold eyes best week in five as US yields pull back

Gold gains more than 1% this week.
US Treasury yields hover near a one-month low.
Silver rises 2.9%, palladium gains 3.6% for the week.

Published 16 Apr, 2021 04:50pm

Europe

Kremlin says Putin to decide on counter sanctions against Washington

The Kremlin was speaking a day after the United States imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market.
Putin had repeatedly said that Russia was ready to cooperate with the United States as much as Washington wanted to cooperate with Moscow.

Published 16 Apr, 2021 04:47pm

South Asia

India's vaccinations fall from peak, raw-material shortage hits output targets

Vaccinations peaked at 4.5 million doses on April 5.
Inoculations have averaged about 3 million a day since then.
Vaccine maker appeals to Biden to lift raw-material export ban.

Published 16 Apr, 2021 04:44pm

Forex

Forint underperforms; investors unwind zloty short bets

The Hungarian forint slid 0.42% to 360.80 per euro, underperforming its peers. It has lost 1% this week.
The currency weakened in low liquidity because of a zloty-forint flow, traders in Budapest said, adding that the forint was also due for a correction after steady gains in the past few weeks.

Published 16 Apr, 2021 04:42pm

Financial

Italy sets minimum coupons on its new BTP Futura at 0.75%, 1.20%, 1.65% and 2%

The coupon rate for the first four years will remain unchanged, while those of the following four-year periods might be revised upwards at the end of the issuance, based on market conditions.
Unlike previous issuances, the BTP Futura's "loyalty premium", linked to Italy's nominal gross domestic product growth, will be paid in two tranches, at the end of the first eight years and at maturity.

Published 16 Apr, 2021 04:39pm

Money & Banking

Citi on Hong Kong hiring spree in effort to triple client numbers

Many large global banks are looking to provide more services to wealthy clients in Asia, both the newly affluent and the super rich.
HSBC's latest strategy, for example, has a focus on wealth management in Asia.

Published 16 Apr, 2021 04:36pm

Money & Banking

Cheaper cellphone charges to weigh on BOJ's inflation forecast

Cellphone fee cuts to weigh on BOJ's price forecast – sources.
Impact of lower fees likely transitory, won't affect policy.
Price trend stripping away one-off factors 'solid' – sources.
Analysts expect fee cuts to shave up to 0.6% point off core CPI.
BOJ to mull impact of fee cut in April quarterly f'cast review.

Published 16 Apr, 2021 04:30pm

Industry

Spain's cement consumption jumps 53pc in March as construction recovers

Cement consumption rose to 1.41 million tons in March, recovering from a slump last year and moving 9.3% above the level recording in March 2019, the Oficemen data showed.
As building projects resumed in the summer of 2020, when the lockdown ended, Oficemen expects annual consumption in 2021 to remain stable from 2020.

Published 16 Apr, 2021 04:27pm

Automobile

Another Changan SUV spotted in Pakistan

The Oushan X7 is a 5-seater midsize crossover that made its debut in China in 2019.
The new SUV rivals MG-HS and Hyundai Tucson.

Published 16 Apr, 2021 04:34pm

Europe

Swedish govt proposes $104bn infrastructure spending plan

Sweden's economy has coped relatively well with the COVID crisis, thanks in part to a strategy of mainly voluntary restrictions rather than strict lockdowns.
"Most areas of society, including the transport sector will have to reach zero emissions within 25 years," Environment Minister Per Bolund told reporters.

Published 16 Apr, 2021 04:26pm

Europe

Hundreds queue up as Latvia offers walk-in AstraZeneca shots

Latvia is now vaccinating people over 65 and those with chronic illnesses, but many do not show up when told they will be given AstraZeneca.
We queued two and half hours before opening, around 6:30 in the morning, because this is the only way out of this for us.

Published 16 Apr, 2021 04:14pm

Financial

Euro zone yields rise as US Treasury yields jump back after rally

Benchmark 10-year US Treasury yields, which fell more than 10 basis points on Thursday, undid much of that move and were up 6 bps in early European trade.
Euro zone bond yields also started the day higher, with Germany's 10-year yield, the benchmark for the region, up nearly 2 basis points to -0.28%.

Published 16 Apr, 2021 04:14pm

Pakistan

Cabinet reshuffle: Shaukat Tarin appointed finance minister

Hammad Azhar has been given the portfolio of energy.
Shibli Faraz has been made the minister for science and technology.

Updated 16 Apr, 2021 04:03pm

Pakistan

Fawad Chaudhry says special cell set up to identify TLP protesters who attacked policemen

A special cell comprising NADRA, Safe City Lahore and other agencies has been set up which will help in the identification of the people, the minister tweeted.
Cases will be registered against them under the Anti- Terrorism Act.

Updated 16 Apr, 2021 03:51pm

Business & Finance

Standing Committee on Finance approve funds for projects in Punjab

As per details, funds will be released for various development projects in Lahore, Mianwali, Sahiwal and other cities.

Published 16 Apr, 2021 02:10pm

Pakistan

Interior Sindh lags behind other provinces in development due to neglect, says PM

Imran says the government faced bigger mafias in Punjab which is the reason it could not give time to Sindh
Pakistan could earn billions in revenue, provide employment to the people of Sindh and also earn foreign exchange reserves if Bundle Island is developed: PM

Updated 16 Apr, 2021 01:52pm

Pakistan

Nawaz, Fazl agree to move forward against PTI govt despite PPP and ANP resignations

Both leaders discussed the country’s overall political situation and the situation arising after the separation of the Pakistan People’s Party and Awami National Party from the PDM
The PPP and ANP parted ways with the opposition alliance after rifts deepened over the show-cause notice issue

Published 16 Apr, 2021 12:29pm

Pakistan

South African, Brazil and UK variants of coronavirus responsible for third wave in Pakistan: Study

The study found that these variants were responsible for causing 54% of new infections in Pakistan from December 2020 to February in Karachi.
The COVID-19 positivity ratio jumped from 1.538% during November to 7.6% in December 2020 to February 2021.

Published 16 Apr, 2021 12:34pm

Pakistan

Pakistan temporarily blocks major social media sites including Facebook and Twitter after TLP's violent protests

The Pakistan Telecommunication Authority has shut down social media apps till 3 pm
The decision has been taken to maintain the law and order in the country following violent protests by a banned religious party

Updated 16 Apr, 2021 12:25pm

Life & Style

Princes William and Harry won’t walk side-by-side at funeral

Palace officials refused to comment when asked whether the positioning of William and Harry was an effort to minimize family tensions,

Published 16 Apr, 2021 11:53am

World

Thailand reports record daily number of 1,582 coronavirus cases

No new deaths were reported. The new cases took the total number of infections to 39,038, with deaths remaining at 97.

Published 16 Apr, 2021 11:49am

Commodities

Palm gains nearly 3% on improving April exports, tight supplies

For the week so far, palm is down more than 2%.

Published 16 Apr, 2021 11:42am

World

New Zealand awards Amazon extra $116 mln subsidy for 'Lord of the Rings' TV series

New Zealand is hoping to reap multi-year economic and tourism benefits.

Published 16 Apr, 2021 11:38am

Forex

Currencies, stocks mixed after China, US data; Thai baht hits 2-wk high

US Treasury yields continued to retreat as markets focussed on the Federal Reserve's insistence of maintaining monetary support for an extended period.

Published 16 Apr, 2021 11:40am

Energy

Oil steady climbs to four-week high on strong China data, demand revival

Traders are looking ahead to a pick-up in traffic typical in the United States in June through August.

Published 16 Apr, 2021 11:39am

Sports

Ponting rues Delhi's bowling mistakes after Rajasthan defeat

"That's certainly something that we will talk about when I get a chance to sit down with the team," Ponting said of the off-spinner, who had gone 47-1 against Mumbai in the previous match.

Published 16 Apr, 2021 11:36am

Life & Style

J.Lo and Alex Rodriguez split because “we are better as friends”

"We will continue to work together and support each other on our shared businesses and projects,” Lopez and Rodriguez said.

Published 16 Apr, 2021 11:32am

Stocks

Indian shares rise as robust IT earnings give respite from virus-led slump

IT stocks advanced 1.7%, buoyed by Wipro's surge.

Published 16 Apr, 2021 11:34am

Financial

Turkish central bank bans use of crypto assets due to significant risks

The central bank also stated that these assets were "neither subject to any regulation and supervision mechanisms nor a central regulatory authority," among other security risks.

Published 16 Apr, 2021 11:32am

Energy

US oil may retest support at $62.65

A break above $63.88 could open the way towards $65.45.

Published 16 Apr, 2021 11:30am

Commodities

Palm oil still targets 3,844-3,926 ringgit range

It is poised to test the next resistance at 3,844 ringgit. The current rise looks more like a resumption of the uptrend from 3,495 ringgit.

Published 16 Apr, 2021 11:28am

Energy

Brent oil may fall into $65.22-$65.73 range

The downward wave c is yet to develop, which may completely reverse the wave b.

Published 16 Apr, 2021 11:26am

Commodities

CBOT soybeans may test resistance at $14.31-1/2

A break below $14.20-1/2, now a support, could open the way towards $14.04-1/2.

Published 16 Apr, 2021 11:25am

Bullion Rate

Spot gold may rise further to $1,785

On the daily chart, a resistance at $1,769 seems to have caused the pullback on the hourly chart.

Published 16 Apr, 2021 11:23am

Bullion Rate

Gold hovers near more than 1-month high as bond yields slip

Gold tends to benefit from widespread stimulus measures from central banks because it is widely viewed as a hedge against inflation.

Published 16 Apr, 2021 11:20am

Bullion Rate

Gold flat as robust US economic data counters lower yields

Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust, fell 0.3% on Wednesday from Tuesday.

Published 16 Apr, 2021 11:18am

Forex

Yuan eases on concern China's post-COVID bounce is losing steam

Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at a three-week high of 6.5288 per dollar, 9 pips firmer than the previous fix of 6.5297.

Published 16 Apr, 2021 11:16am

Forex

Canadian dollar retreats from 3-week high as factory sales fall

Analysts expect the loonie, which has gained 1.5% since the beginning of the year, to benefit from a potential reduction by the Bank of Canada of its bond purchases, a Reuters poll showed this month.

Published 16 Apr, 2021 11:14am

Forex

Australia, NZ dollars set for strong weekly gains as US dollar sags

New Zealand government bonds rose, sending yields about 3-5 basis points lower.

Published 16 Apr, 2021 11:11am

Forex

Dollar set for back-to-back weekly losses on Fed's lower-for-longer stance

Highly anticipated economic data from China on Friday ultimately had little effect on currencies, even as the world's second largest economy posted record 18.3% growth in the first quarter year-on-year.

Published 16 Apr, 2021 11:10am

Forex

Dollar set for back-to-back weekly losses as Treasury yields retreat

The Russian rouble tumbled on Thursday, at one point losing 2% to the dollar in volatile trade and hitting a more than five-month low versus the euro as the White House announced new sanctions targeting Russia's sovereign debt.

Published 16 Apr, 2021 11:08am

Stocks

Australia shares poised to wrap up fourth week of gains on muted note

Australian miners rose as much as 0.7% after iron ore prices recovered from losses on strong demand in the previous session.

Published 16 Apr, 2021 11:06am

Stocks

Australia shares set to rise for fourth session, NZ gains

The benchmark on Thursday closed within 1.5% of its all-time high in late-February last year.

Published 16 Apr, 2021 11:04am

Pakistan

India more likely to respond with military force against Pakistan, reveals US report

Report states there are minimal chances of general war between India and Pakistan but the crises between the two are likely to become more intense, risking an escalatory cycle
The prospects of striking a peace deal in Afghanistan during the next year remain dim: report

Updated 16 Apr, 2021 11:04am

Business & Finance

European new car sales jump 87% y/y in March

Sales at Volkswagen and Stellantis to the EU, Britain and the countries of the European Free Trade Association (EFTA), rose by 46% and 140% respectively, while Renault reported a rise of 70%.

Published 16 Apr, 2021 11:01am

World

Israeli airstrikes hit Gaza after rocket attack

A security source in Gaza told AFP there were no casualties from the strikes.

Published 16 Apr, 2021 10:58am

World

'Mass casualty' shooting in US city of Indianapolis, gunman dead: police

Nearly 40,000 people in the United States die each year from guns, more than half of those being suicides.

Published 16 Apr, 2021 10:54am

Technology

Australian court hits Google over collection of user location data

Last year, Google was targeted alongside Facebook by the ACCC for failing to compensate Australian news organisations for content posted to their platforms.

Published 16 Apr, 2021 10:53am

Stocks

Hong Kong stocks end morning slightly higher

The Hang Seng Index edged up 0.05 percent, or 15.09 points, to 28,808.23.

Published 16 Apr, 2021 10:52am

Stocks

Asian markets mixed as record China data fails to impress

"With the Fed keeping the sugar taps open and offering up free tickets for investors to come frolic in the markets like 'kids in the candy store', the transition from policy to growth has been as smooth as silk with a benign reaction in yields suggesting that a growth tantrum is not on the cards anytime soon."

Published 16 Apr, 2021 10:50am

Technology

Amazon conciliatory as US eyes regulation

"That's not accurate," Bezos said.

Published 16 Apr, 2021 10:49am

Technology

Apple announces $200mn forestry fund to reduce carbon

"Timelapse in Google Earth is about zooming out to assess the health and well-being of our only home, and is a tool that can educate and inspire action," the company said in a blog post.

Published 16 Apr, 2021 10:46am

Pakistan

PM Khan, Turkey’s Erdogan discuss Afghan peace

In a phone call, Prime Minister Imran Khan and Turkish President Recep Tayyip Erdogan discussed issues of mutual interest, including further strengthening of bilateral relations in all areas.
PM said that Pakistan had fully supported and facilitated the US-Taliban peace agreement.

Published 16 Apr, 2021 10:46am

Business & Finance

China GDP grows record 18.3% in first quarter in virus rebound

With the coronavirus pandemic under control domestically, "the national economy made a good start".

Published 16 Apr, 2021 10:44am

Sports

PSG wait for 'happier' Neymar to sign contract extension

Neymar has rarely featured in Ligue 1 this season, injuries and suspensions reducing his input to 13 appearances.

Published 16 Apr, 2021 10:42am

Sports

Zidane defying the doubters as another Real Madrid revival nears completion

In the circumstances it would amount to Zidane's finest work yet as coach, another rejuvenation complete.

Published 16 Apr, 2021 10:39am

World

US, Japan plan 5G push with eye on China in Biden's first summit

The pullout will "free up time and attention and resources from our senior leadership and our military to focus on what we believe are the fundamental challenges in the 21st century and they lie fundamentally in the Indo-Pacific," the official said.

Published 16 Apr, 2021 10:37am

Stocks

Hong Kong stocks rise at open

The Hang Seng Index added 0.12 percent, or 34.03 points, to 28,827.17.

Published 16 Apr, 2021 10:35am

Stocks

Tokyo stocks open higher with eyes on Japan-US summit

Toshiba dropped 4.29 percent to 4,685 yen after reports said the Japanese company is set to reject a buyout offer from a private equity fund.

Published 16 Apr, 2021 10:34am

World

UN to maintain Afghanistan mission after US, NATO withdrawal

US President Joe Biden announced Wednesday the unconditional withdrawal of US troops from Afghanistan, naming September 11 as the deadline by which the last soldiers will have finally departed. The pullout will begin on May 1.

Published 16 Apr, 2021 10:32am

Sports

Warriors rookie Wiseman out for season

Houston's KJ Martin blocked the shot and Wiseman, off-balance, landed hard and hit the deck near the basket stanchion.

Published 16 Apr, 2021 10:30am

World

UN releases $1mn in emergency funding for Saint Vincent

Eruptions have continued to occur daily, with ash clouds covering the country and reaching surrounding islands.

Published 16 Apr, 2021 10:29am

World

Bolivia's ruling party defeated in governor runoffs

All five other gubernatorial races were determined in first-round voting.

Published 16 Apr, 2021 10:27am

Sports

Aussie Smith leads RBC Heritage with sizzling 62

Will Zalatoris, who finished runner-up to Matsuyama at Augusta National by one stroke, carded a three-under 68.

Published 16 Apr, 2021 10:26am

Industrial consumers: CCoE approves proposal on ToU tariff scheme extension

ISLAMABAD: Cabinet Committee on Energy (CCoE) Thursday approved the proposal for the extension of Time of Use (ToU)...

Updated 16 Apr, 2021 10:27am

Sports

Golf: US PGA RBC Heritage scores

Harbour Town Golf Links in Hilton Head Island, South Carolina.

Published 16 Apr, 2021 10:25am

Technology

Zuckerberg urged to nix kids' version of Instagram

The children's advocates were dubious about the proposed youth version.

Published 16 Apr, 2021 10:23am

Report on SBP bill to be presented in NA today

ISLAMABAD: The report on ‘SBP Banking Services Corporation (Amendment) Bill, 2020’ will be presented in National...

Updated 16 Apr, 2021 10:24am

World

US imposes sanctions on Moscow, expels Russian diplomats

After Donald Trump's mixed signals to Russia -- and accusations that the Republican even seemed intent on shielding Putin from criticism -- the Democratic chair of the Senate foreign relations committee cheered Biden's approach.

Published 16 Apr, 2021 10:21am

Sports

Al Duhail overcome spirited Iraqis in Asian Champions League

Also in Group A, Tajikistan's Istiqlol grabbed a point forcing a goalless draw against the UAE's Shabab Al Ahli.

Published 16 Apr, 2021 10:17am

Pakistan

Pakistan reports over 4000 COVID-19 recoveries in a day

5,364 new cases and 110 deaths were reported in 24 hours.
There are 78,425 active COVID-19 cases in Pakistan.

Published 16 Apr, 2021 10:17am

World

Brazil high court confirms annulment of Lula graft convictions

With one vote remaining to be cast on the 11-member court, judges voted 8-2 to uphold Justice Edson Fachin.

Published 16 Apr, 2021 10:15am

Business & Finance

PM Khan to announce Rs 446bn package for Sindh development

The minister added that the next two years will be of development in Sindh province. He added that the incumbent government is making all-out efforts to remove deprivations of the people of Sindh.

Published 16 Apr, 2021 10:12am

World

Benin court clears Talon's re-election as rival taken into custody

Some have fled Benin, while others were disqualified from running after election law reforms, or targeted for investigation by a special court critics say Talon used against his rivals.

Published 16 Apr, 2021 10:14am

World

Biden says for US, Russia 'now is the time to deescalate'

There is a strong push in the United States to cripple the project with sanctions and prevent its completion, out of fear that it will give Moscow a dangerous grip on the energy supplies of US allies in Europe.

Published 16 Apr, 2021 10:12am

Sports

Man Utd cruise into Europa League semis after Granada win

The game became increasingly open in the final minutes. De Gea made a fine save before an own goal from Jesus Vallejo sealed a 2-0 second-leg victory for United.

Published 16 Apr, 2021 10:11am

World

Brazil's Bolsonaro promises Biden to end deforestation, seeks financial help

A senior White House official said the administration "welcomed" Bolsonaro's commitment on deforestation and that Brazil "has a responsibility to lead" on climate issues.

Published 16 Apr, 2021 10:08am

World

EU voices concern over Polish human rights row

It is unclear what would happen if the senate rejects Wroblewski and no other replacement is found.

Published 16 Apr, 2021 10:07am

World

UN says aid situation worsening in Tigray, no Eritrean pullout

He said the move came in response to TPLF-orchestrated attacks on federal army camps.

Published 16 Apr, 2021 10:05am

World

Pfizer CEO: Vaccine third dose 'likely' needed within 12 months

"It seems strong but there is some waning of that and no doubt the variants challenge," he said.

Published 16 Apr, 2021 10:04am

Stocks

US stocks charge to new records on strong bank profits, retail sales

Germany's gross domestic product will expand by 3.7 percent this year, according to five economic think tanks, revising down more optimistic predictions by one percentage point.

Published 16 Apr, 2021 10:02am

Sports

Roma hold Ajax to advance to Europa League semi-finals against Man Utd

The Roma keeper denied Brobbey a second ten minutes later before Tadic sent in the rebound which was ruled out after a VAR review for a foul on Henrikh Mkhitaryan in the build-up.

Published 16 Apr, 2021 10:00am

Sports

English Championship results

Blackburn v Derby, Reading v Cardiff

Published 16 Apr, 2021 09:59am

Pakistan

Toshakhana case: AC records statement of prosecution witness

ISLAMABAD: The Accountability Court Islamabad on Thursday recorded statement of a prosecution witness in Toshakhana...

Updated 16 Apr, 2021 09:57am

Pakistan

PM to announce uplift package of Rs446bn for Sindh: Fawad

ISLAMABAD: Federal Minister Fawad Chaudhry, on Thursday, announced a mega development package of Rs446 billion for...

Updated 16 Apr, 2021 09:57am

Pakistan

COAS visits Fauji Foundation HQs

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Thursday inaugurated a 100-bed hospital and...

Updated 16 Apr, 2021 09:57am

Pakistan

Change of Raiwind residence ownership: PML-N blames Shehzad for pressurising

LAHORE: Pakistan Muslim League-Nawaz (PML-N) has blamed PM advisor Barrister Shehzad Akber for pressurizing revenue...

Updated 16 Apr, 2021 09:57am

Pakistan

PSEs’ sell-off progress reviewed

ISLAMABAD: The Privatisation Commission Thursday held a weekly review meeting on the progress being made for the...

Updated 16 Apr, 2021 09:57am

Pakistan

Dissolution of TLP: Reference to be filed in SC, says govt

ISLAMABAD: Interior Minister Sheikh Rashid, on Thursday, said the federal cabinet has approved proscription of...

Updated 16 Apr, 2021 09:57am

Pakistan

KU, PMSA ink MoU to collaborate in maritime domain

KARACHI: The University of Karachi (KU) and Pakistan Maritime Security Agency (PMSA) inked Memorandum of...

Updated 16 Apr, 2021 09:57am

Pakistan

Commissioner visits markets

HYDERABAD: Divisional Commissioner Hyderabad Muhammad Abbas Baloch Thursday visited various markets of Taluka...

Updated 16 Apr, 2021 09:57am

Pakistan

Online donations during Ramazan: Daraz partners with multiple NGOs

KARACHI: Daraz partners with multiple NGOs in the country to help collect online donations during the month of...

Updated 16 Apr, 2021 09:57am

Pakistan

Over 1000kg of dead chickens seized in Peshawar

PESHAWAR: Khyber Pakhtunkhwa Food Safety & Halal Food Authority (KP FS&HFA) has seized over 1000 kg of dead...

Updated 16 Apr, 2021 09:57am

Pakistan

Police, Rangers deployed on roads in Lahore: CCPO

LAHORE: Capital City Police Officer (CCPO) Ghulam Mahmood Dogar said on Thursday that contingents of police and...

Updated 16 Apr, 2021 09:57am

Pakistan

KP govt launches automated benevolent fund process

PESHAWAR: Chief Secretary Khyber Pakhtunkhwa, Dr Kazim Niaz officially launched the Automated Benevolent Fund ...

Updated 16 Apr, 2021 09:57am

Pakistan

Aurat March: LHC dismisses petition against participants

LAHORE: A sessions court on Thursday dismissed a petition seeking an order for registration a FIR against social...

Updated 16 Apr, 2021 09:57am

Pakistan

Salaries of employees: TCP chairman says will resign if pressurised

ISLAMABAD: Chairman, Trading Corporation of Pakistan (TCP), Riaz Memon, on Thursday stated that would resign if...

Updated 16 Apr, 2021 09:57am

Pakistan

AC adjourns hearing

LAHORE: An accountability court adjourned to May 04 the proceedings in a money laundering reference against Leader ...

Updated 16 Apr, 2021 09:57am

Pakistan

CNIC/NTN requirement: Distributors, wholesalers face problem

LAHORE: Distributors and whole-sellers are facing problems in implementation of CNIC/NTN requirement by the Federal...

Updated 16 Apr, 2021 09:57am

Pakistan

Sindh always neglected in federal development programme: minister

KARACHI: Sindh Information Minister Syed Nasir Hussain Shah has said that Sindh is always neglected in the federal...

Updated 16 Apr, 2021 09:57am

Pakistan

Govt urged to cut size of undocumented economy

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian...

Updated 16 Apr, 2021 09:57am

Pakistan

Imran, Erdogan discuss troop pullout from Afghanistan

ISLAMABAD: Prime Minister Imran Khan received telephone call from President Recep Tayyip Erdogan. The two leaders...

Updated 16 Apr, 2021 09:57am

Pakistan

Punjab reports 2,870 Covid-19 cases, 68 fatalities

LAHORE: Out of record 37,775 Covid-19 tests conducted during the last 24 hours, as many as 2870 fresh virus cases ...

Updated 16 Apr, 2021 09:57am

Pakistan

Female beneficiaries under Ehsaas Kafalat Programme: PM to review disbursement of payments in Sukkur today

ISLAMABAD: Prime Minister Imran Khan is scheduled to visit district Sukkur in Sindh on Friday (today) to review...

Updated 16 Apr, 2021 09:56am

Pakistan

Sugar shortage continues to haunt consumers in Lahore

LAHORE: Sugar shortage continued to haunt the consumers in the provincial metropolis as either is it not available ...

Updated 16 Apr, 2021 09:56am

Pakistan

Audit regime: SECP forms joint committee

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has constituted a joint committee for reviewing...

Updated 16 Apr, 2021 09:56am

Pakistan

Shortage of water in Karachi: SHC issues notices to federal ministry, Sindh govt

KARACHI: Sindh High Court (SHC) on Thursday issued notices to Federal Ministry for Planning & Development, Sindh...

Updated 16 Apr, 2021 09:56am

Pakistan

SSGC holds another ‘khuli kachehri’

KARACHI: SSGC organized yet another online or virtual Khuli Kachehri session to facilitate gas consuming customers,...

Updated 16 Apr, 2021 09:56am

Pakistan

CCL Vietnam partners with AJRP Malaysia

KARACHI: In line with our vision to be trusted global healthcare partner - CCL in Vietnam has ventured into an...

Updated 16 Apr, 2021 09:56am

Pakistan

Girls school in Mehar: Japan extends grant to KKO

KARACHI: The Government of Japan extended a grant of US$ 98,969 to Kaus-e-Kazah Welfare Organization (KKO) for ...

Updated 16 Apr, 2021 09:56am

Pakistan

Murtaza concerned over rising industrial pollution

KARACHI: In a high-level meeting chaired by the Advisor to Chief Minister Sindh on Law, Environment, Climate Change,...

Updated 16 Apr, 2021 09:56am

Pakistan

Ghotki court indicts Haleem Adil in 2019 case

GHOTKI: A court in Mirpur Mathelo indicted on Thursday PTI leader and Leader of the Opposition in the Sindh Assembly...

Updated 16 Apr, 2021 09:56am

Pakistan

Transfers, postings of PA&AS officers

ISLAMABAD: Establi-shment Division on Thursday issued the notification directing transfers and postings of various...

Updated 16 Apr, 2021 09:56am

Pakistan

40th anniversary: Dawlance launches special edition product range

KARACHI: Dawlance is celebrating its 40th Anniversary by introducing a new range of high-performance home ...

Updated 16 Apr, 2021 09:56am

Pakistan

E&P companies’ heads meet minister

ISLAMABAD: The group of CEOs/MDs of E&P companies called on the Federal Minister for Energy Omar Ayub Khan at ...

Updated 16 Apr, 2021 09:56am

Pakistan

CDA purchases two tractors, four water tanks

ISLAMABAD: The Capital Development Authority (CDA) management has purchased two new tractors for the Environment...

Updated 16 Apr, 2021 09:56am

Pakistan

Cabinet told: Two-pronged approach to be adopted to deal with tax system

ISLAMABAD: The federal cabinet has been informed that a two-pronged approach will be adopted to deal with the narrow...

Updated 16 Apr, 2021 09:56am

World

Xi to join European climate summit, as Kerry in China for talks

SHANGHAI: Chinese President Xi Jinping will join a virtual climate summit with France and Germany, Beijing announced...

Updated 16 Apr, 2021 09:56am

World

William and Harry won’t be shoulder-to-shoulder at Prince Philip funeral

LONDON: British royals William and Harry will not walk side by side in the procession at this weekend’s funeral of...

Updated 16 Apr, 2021 09:56am

World

Iran nuclear talks ‘positive’

VIENNA: Diplomats said Thursday that the latest talks in Vienna to save the 2015 Iran nuclear deal were positive...

Updated 16 Apr, 2021 09:56am

World

Greek, Turkish ministers clash

ANKARA: The foreign ministers of Greece and Turkey on Thursday clashed on a wide range of issues during a volatile...

Updated 16 Apr, 2021 09:56am

Technology

Google goes global with vaccine-finding feature

SAN FRANCISCO: Google on Thursday went international with tools designed to help people find Covid-19 vaccination...

Updated 16 Apr, 2021 09:56am

World

India battered by huge second Covid wave as virus imperils Olympics

NEW DELHI: India’s huge coronavirus second wave accelerated Thursday with a record number of infections reported,...

Updated 16 Apr, 2021 09:56am

Industry

SECP automates ultimate beneficial ownership form for cos

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched a facility on its eService portal...

Updated 16 Apr, 2021 09:54am

Industry

Govt urged to allow business activities on weekends

PESHAWAR: The business community during a meeting of the National Peace Council of Pakistan, held under the...

Updated 16 Apr, 2021 09:54am

Companies

Reuters website to go behind paywall

NEW YORK: Reuters News announced Thursday that it is to start charging for access to its website as part of a new...

Updated 16 Apr, 2021 09:54am

Money & Banking

Dollar largely sinks in Europe

LONDON: The US dollar sank to a four-week low against other major currencies on Thursday as Treasury yields pulled...

Updated 16 Apr, 2021 09:54am

Industry

US retail sales climb; jobless claims fall

WASHINGTON: US retail sales rose by the most in 10 months in March as Americans received additional pandemic relief...

Updated 16 Apr, 2021 09:54am

Money & Banking

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars touched three-week tops on Thursday as their US counterpart extended...

Updated 16 Apr, 2021 09:54am

Money & Banking

SNBL, ECMCL create new financial strategic alliance

KARACHI: Soneri Bank Limited has entered into a formal arrangement with Elahi CMC Limited (ECMCL) which will create...

Updated 16 Apr, 2021 09:54am

Money & Banking

HSBC relocates London bosses to Hong Kong in Asia push

LONDON: London-headquartered HSBC bank is relocating four senior executives to Hong Kong as it seeks to extend its...

Updated 16 Apr, 2021 09:54am

Money & Banking

Sterling struggles

LONDON: The pound was steady on Thursday, edging up against the euro but struggling to regain momentum as market...

Updated 16 Apr, 2021 09:54am

Industry

Japanese entities in Pakistan: Azhar briefed about operations

ISLAMABAD: Kuninori Matsuda, the Ambassador of Japan called on the Federal Minister for Finance, Revenue, Industries...

Updated 16 Apr, 2021 09:53am

Business & Finance

German 2021 growth seen weaker due to virus curbs

BERLIN: German economic growth will be weaker than expected in 2021, leading research institutes said Thursday, as...

Updated 16 Apr, 2021 09:53am

Money & Banking

Early trade in New York: Dollar edges higher

NEW YORK: The dollar index edged higher on Thursday in choppy trading as investors balanced bullish data showing US...

Updated 16 Apr, 2021 09:53am

Money & Banking

Syria raises exchange rate to attract capital inflows

AMMAN: Syria has raised its official exchange rate for banks to help attract foreign transfers away from the black...

Updated 16 Apr, 2021 09:53am

Money & Banking

Turkey’s central bank holds interest rate at 19pc under new chief

ANKARA: Turkey’s central bank on Thursday held its main interest rate at 19 percent in the first decision since...

Updated 16 Apr, 2021 09:53am

Industry

‘Patel’s appointment to benefit business community’

KARACHI: President FPCCI Nasir Hayat Magoon hoped that based on his past experience as Convener of the same ...

Updated 16 Apr, 2021 09:53am

BR Research

Autos’ small changes

Latest Large-Scale Manufacturing (LSM) numbers spin a positive tale of recovery for industrial growth in Pakistan; ...

Published 16 Apr, 2021 07:36am

BR Research

So long, Uncle Sam!

America is ready to leave Afghanistan. Joe Biden’s solemn speech earlier on Wednesday announced a complete...

Published 16 Apr, 2021 07:30am

BR Research

Real beneficiaries of public sector wheat procurement?

Fresh financing required for nationwide procurement operations during the ongoing wheat harvest season may exceed Rs...

Published 16 Apr, 2021 07:25am

Opinion

PARTLY FACETIOUS: ‘Your English is as good as Meera’s’

“I urge the Prime Minister to immediately, I mean at once take up the matter

Updated 16 Apr, 2021 04:33am

Life & Style

AAJ PROGRAM SCHEDULE

Friday, April 16, 2021

Updated 16 Apr, 2021 04:31am

Asia

North Koreans mark anniversary of founder’s birth

SEOUL: North Korea marked the anniversary of the birth of its founder Kim Il Sung Thursday, with mask-wearing...