News Archives for Latest - 2021-04-19

Pakistan

COVID-19 claims 3 more patients, infects 737 others in Sindh

He added that 3 more patients of COVID-19 lost their lives lifting the death toll to 4,556 that constituted 1.7 percent death rate.

Updated 20 Apr, 2021 12:01am

Pakistan

Capital reports 523 new COVID-19 cases in last 24 hours: NCOC

According to an official of NCOC, as many as 650 cases were reported on Sunday while 241 cases were reported on Saturday.

Published 19 Apr, 2021 10:47pm

Pakistan

176 more test positive for COVID-19 in Faisalabad

According to Health department spokesperson, 5,177 coronavirus tests were conducted in public and private sector labs during the period.

Published 19 Apr, 2021 10:45pm

Pakistan

Fakhar chairs meeting review wheat output, cotton sowing

Secretary Agriculture Punjab said the cotton would be planted on 4 million acres, so far sowing on 13pc area has been completed.

Published 19 Apr, 2021 10:41pm

Pakistan

NCOC bans entry of Inbound passengers from India

The NCOC session was chaired by Federal Minister for Planning, Development and Special Initiatives Asad Umar, Co chaired by National Coordinator NCOC.

Published 19 Apr, 2021 10:38pm

Pakistan

Govt taking actions against mafias without discrimination: Zartaj

Zartaj Gul said former Prime Minister Nawaz Sharif being an absconder should come back the country to face corruption cases instead of enjoying luxurious lives in London.

Updated 19 Apr, 2021 10:38pm

Pakistan

NAB decides to auction Nawaz Sharif’s properties

The court had initiated the process to confiscate the former prime minister's properties over his constant absence in the Toshakhana case in September 2020.
The anti-graft watchdog has been directed to make his arrest through Interpol.

Published 19 Apr, 2021 08:56pm

South Asia

India added to England’s Covid travel ‘red list’ on Friday

India will be added to England's travel "red list" from Friday, as cases of the UK variant continue to grow.
British Prime Minister Boris Johnson on Monday cancelled a planned trip to India, scheduled to take place next week, due to the current coronavirus situation in India.

Updated 19 Apr, 2021 08:38pm

Energy

Oil steadies as dollar slumps but pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel.
With oil priced in dollars, a softer greenback could spur demand from holders of other currencies.

Published 19 Apr, 2021 08:20pm

Financial

Yields higher as traders look to Wednesday auction

The benchmark 10-year yield was up 4.1 basis points at 1.6135%, continuing its increase from multiweek lows reached April 15.
Investors were watching to gauge the market's appetite for $24 billion of 20-year bonds scheduled to be auctioned on Wednesday, said Justin Lederer, Cantor Fitzgerald Treasury analyst.

Published 19 Apr, 2021 08:16pm

Sports

Tuchel backs Chelsea to make right decisions amid Super League uproar

"I know about it since yesterday. I'm here to be in the toughest competitions, that's why I'm at Chelsea," Tuchel told a news conference ahead of Tuesday's Premier League encounter with Brighton & Hove Albion.
"I was clearly not involved and my players were not involved in the decision-making process. My role is to be coach, to be focused and we have an important game coming up tomorrow."

Published 19 Apr, 2021 08:15pm

Industry

Zoom launches $100mn fund to invest in apps using its technology

The video conferencing company has become a household name during the pandemic as businesses and schools shifted to its platform, along with rival platforms such as Microsoft Corp's Teams and Cisco Systems Inc's Webex.
Steckelberg said the fund will be run from Zoom's balance sheet, rather than as a standalone venture capital entity, and will not seek to take board seats in the companies it invests in.

Published 19 Apr, 2021 08:13pm

Europe

Russia's Sputnik V vaccine 97.6% effective in real-world study

The new effectiveness rate is higher than the 91.6% rate outlined in results from a large-scale trial of Sputnik V and published in The Lancet medical journal earlier this year.
Using a database of people who received both doses of the vaccine, scientists at Moscow's Gamaleya Institute, which developed it, calculated a real-world effectiveness rate of 97.6%.

Published 19 Apr, 2021 08:11pm

Europe

Putin to address Biden's climate summit despite crisis in US-Russia ties

Biden has invited 40 world leaders to the climate summit, part of his effort to make the fight against global warming a top priority.
Putin, in his speech, will "outline Russia's approaches in the context of forging broad international cooperation aimed at overcoming the negative effects of global climate change," the Kremlin said.

Published 19 Apr, 2021 08:09pm

USA

CVS to offer three over-the-counter COVID-19 tests for use at home

With schools and offices seeking to reopen as the country steps up its COVID-19 vaccination drive, pharmacies are boosting their offering of tests.
CVS said it was offering tests from Australian diagnostic test maker Ellume, Abbott Laboratories and LabCorp that do not require a prescription and can be used by individuals with or without symptoms.

Published 19 Apr, 2021 08:07pm

Financial

Colombia plans to issue bonds due in 2032 and 2042 to meet budgetary needs

An application will be made to list the bonds on the official list of the Luxembourg Stock Exchange and to trade them on the exchange's the Euro MTF Market, the filings said.

Published 19 Apr, 2021 08:05pm

Money & Banking

Russia seen raising rates on Friday amid high inflation, sanctions

Central bank seen choosing between 25 and 50 bps hike.
Bank of Russia to deliver decision at 1030 GMT on Friday.
Governor Elvira Nabiullina to present decision at 1200 GMT.

Published 19 Apr, 2021 08:00pm

South Asia

India to open up COVID-19 vaccines to over-18s from May 1

Vaccine manufacturers will need to supply 50% of doses to the federal government and the rest to state governments and the open market at a pre-declared price, the government said.

Published 19 Apr, 2021 07:58pm

Commodities

EU 2020/21 soft wheat exports 21.34 million tonnes by April 18

That was down from 28.35 million tonnes cleared by the same week last season, the data showed.
The Commission added, however, that its latest weekly grain export and import data only contained figures for France up to April 15.

Published 19 Apr, 2021 07:56pm

Stocks

TSX flat as investors await earnings

Toronto Stock Exchange's S&P/TSX composite index was flat. Rogers Communication , Canadian Pacific Railway and Precision Drilling Corp are among the companies slated to report earnings this week.
The energy sector climbed 0.1% as US crude prices were up 0.1% a barrel, while Brent crude was unchanged.

Published 19 Apr, 2021 07:55pm

Commodities

EU 2020/21 soybean imports at 11.79mn tonnes by April 18, rapeseed 5.36mn tonnes

EU rapeseed imports in 2020/21 had reached 5.36 million tonnes, compared with 5.13 million a year ago.
Soymeal imports so far in 2020/21 were at 13.52 million tonnes against 14.33 million a year earlier, while palm oil imports were at 4.23 million tonnes versus 4.55 million a year ago.

Published 19 Apr, 2021 07:53pm

Companies

Mastercard to buy digital ID verification firm Ekata in $850mn deal

Ekata's products allow businesses to separate fraudsters from legitimate customers during digital interactions like opening an online account or making digital payments. It operates in three industries: e-commerce, payments and financial services, according to its website.
Its products, which include Ekata Identity Graph and Ekata Identity Network, allow companies to combat online fraud, it said.

Published 19 Apr, 2021 07:50pm

Energy

Oil inches up despite coronavirus-related demand concerns

Brent crude was up 32 cents, or 0.5%, at $67.09 a barrel.
With oil priced in dollars, a softer greenback could spur demand from holders of other currencies, boosting prices.

Published 19 Apr, 2021 07:48pm

Companies

Dutch telecoms watchdog to investigate Huawei access to KPN networks

KPN said that it is not aware of any improper access by Huawei employees, and Huawei, the biggest supplier of equipment for KPN's 4G mobile networks, denied the report.
The Agentschap Telecom said in a statement it would also check whether KPN's current security measures are adequate and issue first findings "in about a month".

Published 19 Apr, 2021 07:46pm

Stocks

Chinese watchdog keeps eye on foreign investment in stock markets

Foreign holdings in Chinese stocks at 5% -CSRC vice chairman.
CSRC to keep daily quotas on foreign investment, head off risks.

Published 19 Apr, 2021 07:44pm

Forex

Commodity-linked Latam FX gains, Brazil's real lags

Mexican peso leads gains.
Brazil's real falls as economic outlook worsens.

Published 19 Apr, 2021 07:42pm

Stocks

S&P 500, Dow slip from record highs; Coca-Cola rises on results

Tesla falls after fatal crash, bitcoin slump.
GameStop shares jump as CEO exits.
- Coca-Cola rises as revenue beats estimates.
Indexes down: Dow 0.27%, S&P 0.13%, Nasdaq 0.20%.

Published 19 Apr, 2021 07:40pm

Forex

Peru's sol currency tumbles after poll shows socialists ahead in presidential race

The Sunday poll from Ipsos Peru showed Castillo, the surprise winner of the first round vote, in pole position to win the presidency in a second round ballot, showing him with 42% support against 31% for right-wing rival Fujimori.

Published 19 Apr, 2021 07:37pm

USA

Mexican economy shrank by more than 2pc in March, estimate shows

Secondary activities, which include manufacturing, were down 0.9% while tertiary activities such as services slid 3.1%, according to the INEGI data.

Published 19 Apr, 2021 07:35pm

USA

Brazil's health regulator greenlights trials of new Chinese vaccine

Anvisa said the company was authorized to conduct Phase II and III trials in Brazil. Sichuan Clover is planning to test the vaccine on 22,000 volunteers in Latin America, South Africa, Belgium, China, Spain, Poland and United Kingdom.

Published 19 Apr, 2021 07:35pm

Energy

Saudi crude exports drop to eight-month low in February

Crude exports fell to 5.625 million barrels per day (bpd), their lowest since June 2020 in February, from 6.582 million bpd in the prior month.
Crude output for February also dropped to its lowest since June last year at 8.147 million bpd, from 9.103 million bpd in January.

Updated 19 Apr, 2021 07:35pm

Pakistan

TLP and government have the same objective but 'our approach is different,' PM Khan says in his national address

Commenting on the last week's violence, Khan said: "It appeared as if one party loves the Prophet (PBUH) more than other Pakistanis."
"I assure you that the purpose of the TLP for which they're bringing people out, that is my purpose as well and that of my government," he added.

Updated 19 Apr, 2021 07:23pm

Pakistan

Former IG KP Nasir Khan Durrani succumbs to COVID-19

Durrani was battling the coronavirus and had been admitted to Mayo Hospital Lahore. He was being treated in the intensive care unit (ICU) and was on a ventilator.
Durrani was known as a dynamic and reformist police officer and is credited for reforming the KP Police.
He was a pioneer of Rescue-15, established police assistance lines, formed a special combat unit of specialized commandoes on the pattern of Special Services Group of the army.

Published 19 Apr, 2021 07:08pm

Commodities

India's sugar demand falters during peak season due to COVID-19 curbs

The second wave of coronavirus has been disrupting the market during the peak demand season. Purchases by bulk buyers have been falling.
Sugar demand, which usually rises by more than 1% each year, fell 0.8% in 2019/20 to 25.3 million tonnes because of one of the world's strictest lockdowns imposed last year in March.

Published 19 Apr, 2021 06:30pm

Companies

Gulf Energy plans $5.4bn move on Thai mobile operator

Bangkok-based Gulf Energy, which owns 18.9% of Intouch, said in a filing it had offered to buy the rest of the shares for 65 baht per share, 11% higher than its close on Friday.
The $5.4 billion bid if successful would be the second largest M&A deal in Thai history, behind only Tesco's $10.6 billion sale of its local operations last March, Dealogic data showed.

Published 19 Apr, 2021 06:26pm

Europe

Ukraine calls for new EU sanctions on Russia, foreign minister says

"I proposed a step-by-step plan on how to discourage Moscow from further escalation," Kuleba tweeted after addressing EU foreign ministers via video conference. "Key element: preparing a new set of sectoral sanctions. Individual ones are not sufficient anymore."

Published 19 Apr, 2021 06:24pm

Stocks

World shares hit highs as markets focus on earnings

Europe's STOXX 600 rose to a record high before easing some gains, up 0.1% at 1105 GMT. Asian shares hit one-month highs overnight.
"We had a strong rally in cyclical and value stocks since the start of this year - we would like to see confirmation in the earnings."

Published 19 Apr, 2021 06:21pm

Sports

Atletico Madrid confirm participation in Super League, citing pandemic

The club, who were named as one of the 12 Founding Clubs on Sunday, confirmed this on Monday citing the COVID-19 pandemic for speeding up the instability in the existing European football economic model, while also saying they wish to improve quality of competition throughout the continent.

Published 19 Apr, 2021 06:19pm

Companies

Furniture maker Herman Miller to buy peer Knoll for $1.8bn

Under the terms of the deal, Herman will pay Knoll shareholders $25.06 per share, representing a 45.4% premium to Knoll's closing price on Friday.
Knoll's shares jumped 28.7% to $22.17 in premarket trading, while those of Herman Miller fell 13.1% to $38.51.

Published 19 Apr, 2021 06:16pm

Money & Banking

New Danske CEO to stick with strategy of departing Vogelzang

Chris Vogelzang resigned unexpectedly after Dutch authorities labelled him as a suspect in a separate case at his former employer, ABN Amro.
"The plan is to fully continue the strategy that Chris Vogelzang and the rest of the management team have set out," Egeriis told Reuters after his appointment.

Published 19 Apr, 2021 06:14pm

Sports

UK government looking at range of options on soccer Super League plans

"We're considering a range of options ... We want to look at absolutely everything we can do, working with the football authorities, to make sure this doesn't go ahead in the way that is currently proposed," he told reporters.

Published 19 Apr, 2021 06:12pm

Europe

CureVac starts review process in Switzerland for COVID-19 vaccine hopeful

Switzerland, which to date has approved COVID-19 shots from Pfizer, Moderna and Johnson & Johnson, has placed orders for five million doses of CureVac's vaccine. It is a so-called mRNA vaccine, like those from Moderna and Pfizer that are already on the market.
"The duration of the rolling review will depend on the completeness of the data submitted by CureVac and the results of the clinical trials, and cannot therefore be predicted," Swissmedic said.

Published 19 Apr, 2021 06:10pm

Pakistan

Government to hold third round of negotiations with banned TLP tonight in an effort to restore normalcy

“We held negotiations [with the protesters] yesterday, in the morning and the third session will be held tonight after the Tarawih prayer.” federal Minister for Religious Affairs Pir Noorul Haq Qadri said on Monday.
TLP has released 11 policemen including a deputy superintendent of police who was taken hostage during Sunday's deadly clashes in Lahore.

Updated 19 Apr, 2021 06:13pm

Forex

Dollar slumps to 6-week low, Bitcoin steadies after weekend drop

Dollar slumps to 6-week low.
Carry trade may thrive in low vol environment – ING.
MSCI EM FX index hits 1-month high.
Bitcoin trades near $57k after weekend plunge.

Published 19 Apr, 2021 06:06pm

Europe

Spain to trial mixing COVID vaccines after restricting AstraZeneca shot

After decisions by various European public health authorities to suspend use of the AstraZeneca vaccine in under 60 year olds, we are setting out to urgently find scientific evidence to support decision making around possible alternatives.
"The study's objective is...to determine within 28 days whether a second dose of the Pfizer vaccine can be given to patients who have received the AstraZeneca vaccine," he said.

Published 19 Apr, 2021 06:02pm

Industry

China's Meituan raising $10 billion to bolster technology research

Raising around $7 billion in share sale.
Selling around $3 billion in convertible bonds.
To fund R&D for autonomous vehicle, drone deliveries.

Published 19 Apr, 2021 06:02pm

Europe

Czechs say Russian retaliation stronger than expected, ask EU partners for solidarity

"I expect that also on the basis of this..., we will learn about more expressions of support and it will be up to member states if they add some concrete decisions."
"The reaction (by Russia) is stronger than we had expected, it is more diplomats than the number of intelligence officers we expelled," Hamacek told a televised news conference.

Published 19 Apr, 2021 05:45pm

USA

Brazil's 2022 inflation outlook above official goal for first time, survey shows

The median forecast for 2022 inflation from over 100 economists in the central bank's weekly "FOCUS" survey rose to 3.6% from 3.5%. The central bank's year-end goal is 3.5%, with a 1.5 percentage-point margin of error on either side.
The 2021 median inflation forecast remained steady at 4.9%, still well above the central bank's goal of 3.75%.

Published 19 Apr, 2021 05:41pm

Money & Banking

Creval investors vote to keep CEO Lovaglio as CAI's buyout nears conclusion

The buyout offer launched by the local arm of France's Credit Agricole to expand in its biggest market outside France as Italy's banking sector consolidates runs until Wednesday.
Creval has rejected CAI's as too low. The new board meets later on Monday to discuss improved terms for the offer after CAI last week raised the price to 12.20 euros from 10.5 euros in a bid to encourage take-up.

Published 19 Apr, 2021 05:38pm

Sports

Players hit out at breakaway European Super League

On Sunday, 12 Founder Clubs announced they intended to create and govern their own European competition, much to the incredulity of fans and leagues across the continent.
On Monday, several players rejected the idea and Herrera - whose French club are not among the 12 founding members - said the project would kill the dreams of fans across the globe.

Published 19 Apr, 2021 05:36pm

Forex

Canadian dollar notches 1-month high ahead of federal budget

Canada will present a budget on Monday, at about 4 p.m. (2000 GMT), with billions of dollars for pandemic recovery measures, C$2 billion toward national childcare, and new taxes on luxury goods.
This is going to be a serious budget that either sets the stage for post-pandemic policy in Canada, or has all the makings of an election platform, possibly to be used as soon as later this year.

Published 19 Apr, 2021 05:34pm

Companies

Chip shortage casts shadow over China's auto industry recovery

Automakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery from the coronavirus pandemic.
Volkswagen AG, China's biggest foreign automaker which hopes to sell over four million vehicles in the country, said the situation had not improved in the second quarter.

Published 19 Apr, 2021 05:32pm

USA

Canada housing starts jump 21.6pc on month in March

The seasonally adjusted annualized rate of housing starts rose to 335,200 units from a revised 275,567 units in February, Canada's national housing agency said. Analysts had expected 250,000 unit starts in March.

Published 19 Apr, 2021 05:30pm

Commodities

Gold hits 7-week peak on easing dollar, US yields

Spot gold rose 0.3% to $1,781.03 per ounce.
US gold futures rose 0.1% to $1,781.90 per ounce.

Published 19 Apr, 2021 05:27pm

Companies

China's market regulator investigates Alibaba-Minmetals JV

Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.

Published 19 Apr, 2021 05:23pm

Commodities

Bullish investors push copper towards 10-year highs

"That February high" -- $9,617 -- "will be tested sooner or later," said Saxo Bank analyst Ole Hansen, taking prices to their highest since 2011. Prices would then target $10,000 a tonne, he said.
World shares traded near record highs with investors generally upbeat about the prospects for a global economic recovery from COVID-19.

Published 19 Apr, 2021 05:20pm

Companies

Harley-Davidson boosts sales forecast as quarterly shipments rise

The company's total revenue rose to $1.42 billion in the quarter ended March 28, from about $1.30 billion a year earlier.
In February, the motorcycle maker unveiled a new turnaround plan that targets low double-digit earnings growth through 2025.

Published 19 Apr, 2021 05:20pm

World

After the initial snub, US formally invites Pakistan to President Biden’s first summit on climate

SAPM on Climate Change Malik Amin Aslam will represent Pakistan at the summit.
Pakistan was not among the 40 countries initially invited to the summit when it was announced by US President Joe Biden last month.
The summit “will be a key milestone on the road to the United Nations Climate Change Conference [COP26] this November in Glasgow [in the U.K.],” said the White House.

Published 19 Apr, 2021 05:02pm

Commodities

Russian wheat export prices rise with global benchmarks

Sovecon, another consultancy, said wheat prices rose by $3 to $247 per tonne, while barley was steady at $233 a tonne.
Demand for Siberian wheat from Kazakhstan, which shares a free customs zone with Russia and is not subject to Moscow's recently-raised grain export taxes, is up significantly, Sovecon said.

Published 19 Apr, 2021 05:05pm

Commodities

Ukraine limits 2020/21 sunoil exports to 5.382mn tonnes

Ukraine is the world's largest sunoil exporter and the government had said sunoil exports in the September 2020-August 2021 season might total around 5.52 million tonnes out of output of 5.92 million tonnes this season.
Ukrainian traders' union UGA said it was concerned by the government's plan to curb exports, which could cause a big fall in the amount of area used for sunflower sowing and reduce the harvest.

Published 19 Apr, 2021 05:03pm

Sports

Breakaway Super League calls for talks with FIFA and UEFA

"We invite you to attend on an urgent basis discussion with us regarding the details of the competition and how it can best be accommodated within the football ecosystem," the letter concludes.
"We do not seek to replace the UEFA's Champions League or the Europa League but to compete with and exist alongside those tournaments," the letter read.

Published 19 Apr, 2021 05:01pm

South Asia

Austria will only use Sputnik V vaccine after EMA approval, Kurz says

Austria has been in talks with Russia to buy a million doses of the vaccine, and Kurz said on March 31 the order would probably be placed the following week. However, that order has yet to be announced.
Kurz had recently avoided saying whether his country would await EMA approval of the vaccine, which has been used in the European Union only by Hungary so far. EMA has launched a rolling review of Sputnik V.

Published 19 Apr, 2021 04:58pm

Pakistan

FM Qureshi says no meeting scheduled with Indian counterpart in UAE

He said the purpose of the visit to the UAE is to further strengthen the existing ties between the Muslim two countries.
The top leadership of ISI and RAW had also held a secret meeting in the UAE in January this year that led to a ceasefire on the Kashmir border.

Published 19 Apr, 2021 05:01pm

Sports

Mourinho sacked as Tottenham Hotspur manager

"The Club can today announce that Jose Mourinho and his coaching staff Joao Sacramento, Nuno Santos, Carlos Lalin and Giovanni Cerra have been relieved of their duties," it said.
The news comes the morning after the London club said it was one of 12 clubs forming a breakaway European Super League - a development that has been widely condemned and threatens a bitter power struggle in the European game

Published 19 Apr, 2021 04:54pm

Industry

China to tighten oversight of energy use in steel, aluminium

These will include details of production and capacity in 2020 and total energy consumption, broken down into coal, natural gas, electricity and renewable energy, a Ministry of Industry and Information Technology document showed.

Published 19 Apr, 2021 04:50pm

Companies

Air France-KLM eyes further recapitalisation in 2021

We do have heavy debt that is holding back our balance sheet, so this may have to get looked at again later in the year.
The capital hike sees the French government more than double its stake in the airline group to almost 30% as part of a total recapitalisation package worth about 4 billion euros announced earlier this month.

Published 19 Apr, 2021 04:46pm

Stocks

India shares plunge as record infections prompt new lockdowns

The NSE Nifty 50 index was down 1.77% at 14,359.45 and the S&P BSE Sensex fell 1.81% to 47,949.42.
Private banks also suffered as they dropped 2.6%, with top private-sector lender HDFC Bank losing 1.1%, as investors sold off positions fearing that the resurgence in COVID-19 cases would hurt banks' asset quality.

Published 19 Apr, 2021 04:43pm

Sports

Borussia Dortmund reject European Super League plans

Clubs from England, Spain and Italy have signed up to the plans, while no German or French sides have yet to be associated with the breakaway.
The move sets up a rival to UEFA's established Champions League competition and was condemned by football authorities as well as political leaders.

Published 19 Apr, 2021 04:41pm

Commodities

Corn rises on worry cold could hinder US sowings

Corn close to 8-year high hit last week.
Concern cold in US may slow corn plantings.
Weaker dollar supports grains, soybeans.

Published 19 Apr, 2021 04:39pm

Industry

GameStop says CEO Sherman to resign; starts search for successor

The latest development comes as Ryan Cohen, co-founder and former chief executive of online pet food company Chewy Inc , tries to tighten his grip on GameStop after joining its board in January.
GameStop has been in the process of transforming itself into an e-commerce firm that can compete with large-scale retailers such as Walmart Inc, as well as technology companies Microsoft Corp and Sony Corp.

Published 19 Apr, 2021 04:37pm

Financial

Romania sells 533.1mn lei of Oct 2027 bonds

So far this year, Romania has sold roughly 20.6 billion lei and roughly 1.48 billion euros worth of domestic bonds, and has tapped foreign markets for 3.5 billion euros worth of 12- and 20-year eurobonds.

Published 19 Apr, 2021 04:35pm

Commodities

Palm slips on rising production expectations, virus-led demand worries

Demand subdued as COVID-19 cases climb in India.
Indonesia March output, exports seen higher – broker.
Indonesia expected to raise May export duty.

Published 19 Apr, 2021 04:31pm

Europe

'Britcoin' not bitcoin? UK considers new digital currency

UK creates BoE-Treasury taskforce to look at 'digital pound'.
Sunak focused on boosting London's competitiveness after Brexit.
Britain will lift curbs on who can trade shares in London.
Britain will ease limit on off-exchange share trading.

Published 19 Apr, 2021 04:27pm

Companies

Coca-Cola revenue rises past estimates on easing pandemic curbs

Net revenue rose to $9.02 billion in the first quarter, from $8.60 billion a year earlier, above analysts' average estimate of $8.63 billion, according to IBES data from Refinitiv.
Net income attributable to the company's shareholders fell to $2.25 billion, or 52 cents per share, from $2.78 billion, or 64 cents per share, a year earlier.

Published 19 Apr, 2021 04:27pm

Sports

Former Sri Lanka player Lokuhettige gets eight-year ban for corruption

Lokuhettige, who played nine one-dayers and two Twenty20 internationals for Sri Lanka, was charged with three counts of breaching the anti-corruption code of world governing body.
"Having represented Sri Lanka in international cricket, Dilhara had attended a number of anti-corruption education sessions and would have known his actions were a breach of the Code," said Alex Marshall, ICC General Manager - Integrity Unit.

Published 19 Apr, 2021 04:18pm

Stocks

CNH shares fall after talks end to sell Iveco to China's FAW

CNH said in January it was in talks with FAW over the future of Iveco, the smallest of Europe's traditional truckmakers which competes with the likes of Volkswagen, Daimler and Volvo Group.
"We believe that the spin-off plan will enable the still un-expressed value of both the group's ... business to emerge," Intesa Sanpaolo analyst Monica Bosio said.

Published 19 Apr, 2021 04:11pm

Companies

Brazil's JBS to buy plant-based meat company vivera for 341mn euros

Vivera has a portfolio of 50 products with three production facilities and a research and development facility in the Netherlands. The company sells in the Dutch, German and UK markets, accounting for roughly 60% of Europe's plant-based protein market, as well as other countries, according to JBS.

Published 19 Apr, 2021 04:11pm

Business & Finance

Finance Minister Tarin kicks off budget preperation

The Finance Minister said that there are many plans to improve the economy, which will be revealed to the media.

Published 19 Apr, 2021 03:47pm

UK PM Johnson cancels trip to India due to coronavirus worries

"Instead, Prime Ministers Modi and Johnson will speak later this month to agree and launch their ambitious plans for the future partnership between the UK and India."

Published 19 Apr, 2021 03:27pm

Pakistan

Pakistan needs to vaccinate 40-50 million people by the end of 2021: SAPM on Health

Dr. Faisal Sultan feared that despite a vaccine drive, new variants of the virus will remain a threat.
He believed that the country has seen the worst of the pandemic, but pinned his hopes on the situation next winter.

Published 19 Apr, 2021 02:50pm

Business & Finance

NAB recovered Rs 321bn from corrupt elements in 2020

NAB has filed 1269 corruption cases having an accumulative value of Rs 950 billion which are subjudice in the learned accountability courts.

Published 19 Apr, 2021 02:32pm

Pakistan

PM says some religious, political parties ‘misusing’ Islam, vows campaign to prevent blasphemous acts

He said he had started a campaign that joined together heads of state of Muslim countries against blasphemy.
He said Pakistan was formed in the name of Islam, adding that no one should cast doubt about any other person as to how deeply he respected the Prophet (PBUH).

Published 19 Apr, 2021 01:36pm

Business & Finance

Meeting IMF conditions biggest challenge for Tarin, says Expert

On Friday, Shaukat Tarin was appointed as the fourth Finance and Revenue Minister to head Ministry of Finance (MoF) in less than three years ahead of the budget for the next fiscal year.

Published 19 Apr, 2021 01:30pm

World

Germany's confirmed coronavirus cases rise by 11,437

The reported death toll rose by 92 to 80,006, the tally showed.

Published 19 Apr, 2021 12:10pm

Commodities

China's Shandong aims to cut 21mn T steel capacity by 2022

Shandong is the third biggest steel producer in China.

Published 19 Apr, 2021 12:08pm

Stocks

Indian shares sink on record surge in daily COVID-19 cases

The state of Maharashtra, home to financial hub Mumbai, has already imposed stringent curbs, effective April 15.

Published 19 Apr, 2021 12:06pm

Commodities

Copper rises on global economic recovery hopes

LME copper inventories fell for the second straight session, albeit only slightly, while the premium of cash copper over the three-month contract rose to $16 a tonne, indicating tightening nearby supplies.

Published 19 Apr, 2021 12:05pm

World

Thailand reports 1,390 new coronavirus infections, 3 new deaths

Three deaths were reported.

Published 19 Apr, 2021 12:04pm

Companies

BMW aiming for quarter of China sales to be electric vehicles by 2025

He said BMW will have 12 electric models for sale in China by 2023.

Published 19 Apr, 2021 12:02pm

Energy

Oil drops as surging COVID-19 infections stoke demand concerns

Japan has had far fewer COVID-19 cases than many other major economies, but concerns about a new wave of infections are rising fast, according to their responses in the poll.

Published 19 Apr, 2021 11:55am

Commodities

Strong global steel demand lifts Asia's iron ore benchmarks

Construction steel rebar on the Shanghai Futures Exchange fell 1%, while hot-rolled coil slipped 0.3%. Still, Shanghai's most-traded steel contracts are among this year's top gainers in China's ferrous metals complex.

Published 19 Apr, 2021 11:53am

Companies

Toyota says it will introduce 15 BEVs, expand electric line-up by 2025

The company will increase its number of electric models to around 70 from currently offered 55, it said in a statement.

Published 19 Apr, 2021 11:49am

Commodities

Palm drops 1% on virus-led demand worries, cheaper soyoil

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

Published 19 Apr, 2021 11:47am

Stocks

Asian markets mixed; Indonesia c.bank meeting eyed

Elsewhere, the Taiwanese dollar strengthened and equities rose after the island nation's central bank said it may hike its annual growth forecast.

Published 19 Apr, 2021 11:45am

Financial

Credit Suisse serves investors thin gruel as Wall Street feasts on deals

Venditti said he expected to see an RWA inflation at Credit Suisse from the second quarter.

Published 19 Apr, 2021 11:44am

Financial

ABN Amro to settle money laundering probe for $574mn

"This settlement marks the end of a painful and disappointing episode for ABN Amro," Chief Executive Robert Swaak said.

Published 19 Apr, 2021 11:42am

Pakistan

FO expresses sympathies on tragic train accident in Egypt which killed at least 11 people

Eleven people were killed and 98 injured on Sunday in a train accident in Egypt's Qalioubia province north of Cairo.
"Our thoughts and prayers are with the government, the brotherly people of Egypt and the families of those who have lost their lives," FO said.

Published 19 Apr, 2021 11:43am

Financial

Danske Bank CEO resigns after being named a suspect in Dutch probe

Carsten Egeriis, Danske's chief risk officer for the past four years, will take over as chief executive effective immediately, Danske said.

Published 19 Apr, 2021 11:40am

World

India struggles with COVID count, bed shortage; political rallies continue

Hong Kong late on Sunday said the Asian financial hub will suspend flights from India, Pakistan and the Philippines from April 20 for two weeks due to imported infections.

Published 19 Apr, 2021 11:36am

World

China trials mixing of COVID-19 vaccines from CanSinoBIO and Zhifei Longcom

Chinese researchers also running trials for two-dose-based vaccination of Ad5-nCoV, as well as an inhalation version of the vaccine.

Published 19 Apr, 2021 11:33am

Commodities

Palm oil July contract may hover below 3,722 ringgit

On the third month continuous chart, the contract seems to be riding on a wave c, which is capable of travelling far below the nearest support at 3,659 ringgit

Published 19 Apr, 2021 11:31am

Energy

Brent oil still targets $65.22-$65.73 range

Despite its strength, the rise from the March 23 low of $60.27 is regarded as a part of the correction from $71.38.

Published 19 Apr, 2021 11:30am

Commodities

CBOT corn may retest resistance at $6.00-1/4

A rising trendline suggests a target of $6.19-1/4.

Published 19 Apr, 2021 11:28am

Commodities

CBOT soybeans may retest resistance at $14.54

The uptrend from $8.23-3/4 so far remains intact. Indeed, it may have resumed, as the contract persistently rose towards $14.54-3/4.

Published 19 Apr, 2021 11:27am

Pakistan

Mufti Muneeb announces nationwide shutter down strike in TLP support today

Mufti Muneeb-ur-Rehman demanded that the arrested TLP workers be released.
Jamiat Ulema-e-Islam-Fazl (JUI-F) Chief Maulana Fazlur Rehman and Jamaat-e-Islami Ameer Siraj ul Haq also announced that they fully supported Muneeb's call for strike.
CNG and petrol pumps, as well as markets, will remain closed today.

Published 19 Apr, 2021 11:08am

Bullion Rate

Spot gold may rise towards $1,818

On the daily chart, gold has cleared a resistance at $1,776. It is expected to rise towards $1,799-$1,828 range.

Published 19 Apr, 2021 11:26am

Bullion Rate

Gold firms as softer US dollar, yields lift appeal

Some investors view gold as a hedge against higher inflation that could follow stimulus measures.

Published 19 Apr, 2021 11:24am

Forex

Yuan eases as investors focus on Sino-US tensions, tighter cash conditions pare losses

The domestic currency market largely ignored the US Treasury Department's decision not to label China as a currency manipulator in the first semi-annual foreign exchange report issued by Treasury Secretary Janet Yellen.

Published 19 Apr, 2021 11:22am

Forex

Australia, New Zealand dollars hit by weakness in oil, commodities

On Monday, the authorities reopened the Australian-New Zealand border, allowing quarantine-free travel between the countries for the first time in over a year.

Published 19 Apr, 2021 11:20am

Commodities

Corn jumps nearly 1% on global supply concerns

Corn was supported amid concerns about adverse weather in South America and the United States, denting expectations of bumper global supplies.

Published 19 Apr, 2021 11:19am

Forex

Dollar pinned near one-month low amid subdued US yields

The bitcoin rout also followed a decision on Friday by Turkey's central bank to ban the use of cryptocurrencies for purchases.

Published 19 Apr, 2021 11:17am

Stocks

Australia shares boosted by banks and miners, energy stocks weigh

Crown Resorts jumped 0.5% after it received a A$3 billion ($2.32 billion) offer from US private equity firm Oaktree Capital to buy James Packer's 37% stake in the casino operator.

Published 19 Apr, 2021 11:15am

Stocks

Australia shares set to open higher, NZ gains

The benchmark ended largely unchanged on Friday.

Updated 19 Apr, 2021 11:15am

Business & Finance

Govt, MPCL sign agreement, allowing removal of dividend distribution cap

The company informed that accordingly, effective 1st July 2020, MPCL has been allowed to declare and distribute dividends in accordance with the provisions of the Companies Act 2017 (as amended from time time) and the Companies (Distribution of Dividends) Regulations, 2017. `

Published 19 Apr, 2021 10:53am

Stocks

Hong Kong stocks higher at lunch

The Hang Seng Index was up 0.80 percent, or 232.17 points, to 29,201.88 at the lunch break.

Published 19 Apr, 2021 10:37am

BR Research

Interview with Almas Hyder, Chairman SPEL Group

“Auto sector capacity will easily reach 650,000 units over next five years.” Almas Hyder is an Engineer,...

Updated 19 Apr, 2021 10:38am

Stocks

Asian equities higher on US recovery hopes

"With a softening in the Chinese credit impulse and a resurgence of virus cases in India and Japan, topside ambitions continue to run into walls of profit-taking," he added.

Published 19 Apr, 2021 10:36am

World

Rescuers recover bodies of 11 killed in illegal Colombian mine

Duran expressed his condolences to the victims' families and called for efforts "to avoid other tragedies."

Published 19 Apr, 2021 10:34am

World

US hits vaccine milestone as NZealand, Australia open travel bubble

White House efforts to speed up vaccinations hit a snag when health authorities reported six cases of young women developing a clotting disorder after taking the Johnson & Johnson shot.

Published 19 Apr, 2021 10:33am

World

EU foreign ministers to meet on Navalny health as tensions with Russia soar

France's foreign minister Jean-Yves Le Drian warned Sunday those sanctions could be expanded, saying Russia must be held "responsible" for the dissident's health.

Published 19 Apr, 2021 10:31am

World

Cuban party electing new leaders amid generational shift

Castro, however, committed the country to "respectful" talks with the US administration of Joe Biden. Ties with the United States had worsened under Biden's predecessor, Donald Trump.

Published 19 Apr, 2021 10:30am

Stocks

Hong Kong stocks flat at open

The Hang Seng Index was down 0.03 percent, or 9.58 points, to 28,960.13.

Published 19 Apr, 2021 10:28am

World

Jury in George Floyd murder trial to hear closing arguments

"The outcome that we pray for in Derek Chauvin is for him to be held criminally liable for killing George Floyd," said Ben Crump, an attorney for the Floyd and Wright families.

Published 19 Apr, 2021 10:27am

Technology

NASA aims for historic helicopter flight on Mars

Wind is the big unknown and could jeopardize the mission.

Published 19 Apr, 2021 10:25am

Stocks

Tokyo shares open down ahead of corporate results

Sony Group lost 0.91 percent to 11,970 yen. SoftBank Group fell 0.69 percent to 10,010 yen.

Published 19 Apr, 2021 10:22am

Sports

FIFA says it 'disapproves' of European Super League plans

World football's governing body stressed in a statement it was in favour of "solidarity" in the sport and said.

Published 19 Apr, 2021 10:21am

Sports

Twelve major European clubs launch plans for Super League

"Three additional clubs will be invited to join them before the start of the inaugural season which will start as soon as possible."

Published 19 Apr, 2021 10:19am

World

Deal elusive in conservatives' battle for Merkel's crown

The infighting has thrown the conservatives into disarray as Merkel is about to bow out after 16 years in power.

Published 19 Apr, 2021 10:18am

Sports

Golf: US PGA RBC Heritage scores

Chris Kirk 70-67-68-67, Collin Morikawa 65-68-67-72

Published 19 Apr, 2021 10:16am

Sports

Spurs slapped with $25,000 fine for violating injury/rest rules

The Spurs rested guards DeMar DeRozan and Patty Mills and center Jakob Poeltl for their 111-85 win over the Phoenix Suns in Arizona on Saturday.

Published 19 Apr, 2021 10:08am

Business & Finance

Hackers scamming taxpayers through fake emails, warns FBR

As per details, these fake emails instruct the targeted taxpayers to check the attached Income Tax Defaulters List for their details.

Published 19 Apr, 2021 10:11am

World

Canadian govt to send support to virus-hit province

"If you live in Ontario. I want you to know that Canadians are with you."

Published 19 Apr, 2021 10:05am

Sports

Advantage Atletico after patched-up Real Madrid held by Getafe

Nacho Fernandez and Casemiro were both suspended, with Raphael Varane and Fede Valverde unavailable due to Covid-19 protocol.

Published 19 Apr, 2021 10:01am

Sports

All Blacks hooker Coles signs on for another Rugby World Cup

"It's a huge honour to play for that team and I never take my opportunities in the black jersey for granted," he said.

Published 19 Apr, 2021 09:59am

Pakistan

Train accidents: Railways finalises over 57 inquiries

ISLAMABAD: Pakistan Railways has finalized inquiries of over 57 passenger train accidents and dealing with rest of ...

Updated 19 Apr, 2021 09:59am

Pakistan

Operation against illegal weapons in Faisalabad

FAISALABAD: Zaheer Ahmad ASI of Patrol Post Aminpur Bypass with his team conducted operation against illegal weapons...

Updated 19 Apr, 2021 09:59am

Pakistan

Bumper mango production likely: MRI director

MULTAN: Director Mango Research Institute (MRI) Abdul Ghaffar Grewal has said that bumper production of mangoes like...

Updated 19 Apr, 2021 09:59am

Pakistan

181,968 Covid-19 patients recovered

LAHORE: As many as 181,968 corona patients were recovered in 200 public sector hospitals being run under the control...

Updated 19 Apr, 2021 09:58am

Pakistan

Two held for aerial firing

RAWALPINDI: Police have arrested two accused involved in aerial firing in the jurisdiction of Saddar Barooni police...

Updated 19 Apr, 2021 09:58am

Pakistan

Afghanistan: ANP hails US troops withdrawal

PESHAWAR: Awami National Party has welcomed withdrawal of US troops from Afghanistan in September this year and...

Updated 19 Apr, 2021 09:58am

Pakistan

FM visits Pakistan pavilion at UAE World Expo

ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi on Sunday visited Pakistan pavilion at World Expo 2020 ...

Updated 19 Apr, 2021 09:58am

Pakistan

Cybercrimes against children: Countrywide awareness drive on the cards

ISLAMABAD: The Federal Ombudsman in collaboration with all the relevant stakeholders has worked out a comprehensive...

Updated 19 Apr, 2021 09:58am

Pakistan

Three killed as truck crushes motorcyclists

KARACHI: Three people died and two others injured when a truck loaded with watermelons hit a motorcycle at Super...

Updated 19 Apr, 2021 09:58am

Pakistan

Citizens urged to regularly pay water bills

HYDERABAD: Director General Hyderabad Development Authority (HDA), Ghulam Muhammad Qaimkhani addressing the...

Updated 19 Apr, 2021 09:58am

Pakistan

Health services: KP CM approves new organisational structure

PESHAWAR: KP Chief Minister Mahmood Khan has approved the new organizational structure of the Directorate General of...

Updated 19 Apr, 2021 09:58am

Pakistan

Grade 1-8: On-campuses classes delayed by 10 days in Sindh

KARACHI: Sindh government on Sunday announced to delay resumption of on-campus classes for grade one to eight in the...

Updated 19 Apr, 2021 09:58am

Pakistan

Police arrest freewill marriage couple

HYDERABAD: Larkana police on Sunday claimed to have arrested a freewill marriage couple and one other in a search...

Updated 19 Apr, 2021 09:58am

Pakistan

Swati seeks proposals for upgrade of MYP, Jumma Goth

KARACHI: Federal Minister for Railways Muhammad Azam Khan Swati sought proposals for upgradation of Marshalling Yard...

Updated 19 Apr, 2021 09:58am

Pakistan

Kamal vows to present Baldia as a model

KARACHI: Pak Sarzameen Party Chairman Syed Mustafa Kamal who is also the party candidate for NA-249, said that April...

Updated 19 Apr, 2021 09:58am

Pakistan

Sindh reports 532 new cases of Covid-19

KARACHI: Two more patients of Coronavirus died overnight lifting the death toll to 4,553 and 532 new cases emerged...

Updated 19 Apr, 2021 09:58am

Pakistan

Balochistan closes schools from one to eight classes

QUETTA: Balochistan government Sunday decided to close schools from one to eight classes in view of the threat posed...

Updated 19 Apr, 2021 09:58am

Pakistan

Merchant shot dead over plot dispute

SHIKARPUR: A merchant was gunned down by three armed men near Anaj Mandi within the jurisdiction of Stuart Gunj...

Updated 19 Apr, 2021 09:58am

Pakistan

Rain, thunderstorm likely in many parts

KARACHI: Met office has forecast that on Sunday, rain-wind-thunderstorm with isolated hailstorm is expected in...

Updated 19 Apr, 2021 09:58am

Pakistan

Balochistan govt plans drivers’ training to curtail road mishaps

QUETTA: The Balochistan government has planned training courses for drivers, aimed at curtaining number of road...

Updated 19 Apr, 2021 09:57am

Pakistan

Action against high handedness of QESCO EE demanded

QUETTA: President Qaiser Colony Elaqae Ittehad Haibat Khan Nurzai has called on authorities to initiate legal...

Updated 19 Apr, 2021 09:57am

Pakistan

Shopkeepers fined for overcharging

HYDERABAD: The district administration on Sunday imposed fine of rupees 216000 against 27 shopkeepers for...

Updated 19 Apr, 2021 09:57am

World

US regulator warns against Peloton treadmill after child dies

NEW YORK: A US federal agency has urged people with children and pets at home to stop using a treadmill made by...

Updated 19 Apr, 2021 09:57am

Pakistan

BA (AD) & MSc TV Production: AIOU's final exams today

ISLAMABAD: Allama Iqbal Open University (AIOU) is commencing final examinations for the programs offered in autumn...

Updated 19 Apr, 2021 09:57am

Pakistan

Pakistan focusing to boost ties with neighbouring states

ISLAMABAD: The Islamic Republic of Pakistan always focused on maintaining a cordial and decent relationship with all...

Updated 19 Apr, 2021 09:57am

Pakistan

70m wild olive trees discovered in KP: minister

PESHAWAR: Provincial Minister for Environment and Forests, Muhammad Ishtiaq Umar here on Sunday said that over 70...

Updated 19 Apr, 2021 09:57am

Pakistan

Newly discovered Badin coalfield: Technical report being compiled after collecting 78 samples

ISLAMABAD: Geological experts are in process of compiling a technical report based on the initial analysis of 78...

Updated 19 Apr, 2021 09:57am

Pakistan

China’s support in Covid-19 vaccine delivery continues

ISLAMABAD: The government of China has continued its support to expedite Covid vaccine delivery to Pakistan for...

Updated 19 Apr, 2021 09:57am

World

Most Americans want to end lifetime SC appointments

NEW YORK: A majority of Americans want to end lifetime appointments for US Supreme Court justices, according to an...

Updated 19 Apr, 2021 09:57am

World

Gaza records highest-ever daily virus deaths

GAZA CITY, (Palestinian Territories): The Gaza Strip recorded its highest-ever daily toll of coronavirus deaths,...

Updated 19 Apr, 2021 09:57am

World

Journalists say police mistreated them during Minnesota protests

BROOKLYN CENTER, (United States): Several journalists said Saturday that police wrongly impeded their work while...

Updated 19 Apr, 2021 09:57am

Sports

Atletico thump Eibar to move four points clear

MADRID: Atletico Madrid put their La Liga title challenge back on track by thrashing Eibar 5-0 on Sunday to go four...

Updated 19 Apr, 2021 09:57am

Sports

Labuschagne heroics help Queensland seal Shield title

BRISBANE, (Australia): A dominant Queensland thrashed New South Wales by an innings and 33 runs to win the Sheffield...

Updated 19 Apr, 2021 09:57am

Sports

UEFA to ban clubs who take part in a ‘cynical’ European Super League

PARIS: UEFA and English, Spanish and Italian football authorities announced on Sunday that any clubs who take part ...

Updated 19 Apr, 2021 09:56am

Sports

Quartararo wins Portuguese MotoGP

PORTIMAO, (Portugal): Fabio Quartararo won his second consecutive race when he took the Portuguese MotoGP on Sunday,...

Updated 19 Apr, 2021 09:56am

Sports

Man Utd sink Burnley, Fulham frustrated by Arsenal

LONDON: Manchester United moved within eight points of Premier League leaders Manchester City as Mason Greenwood’s...

Updated 19 Apr, 2021 09:56am

Sports

Federer says he will play at Roland Garros

PARIS: Roger Federer confirmed on Sunday he will play the French Open at Roland Garros this year having skipped the...

Updated 19 Apr, 2021 09:56am

Sports

Djokovic to host Serbia tournament a year after Covid fiasco

BELGRADE: World number one Novak Djokovic will relaunch the Serbia Open tournament in Belgrade on Monday, less than ...

Updated 19 Apr, 2021 09:56am

Sports

South African cricket plunges back into crisis

JOHANNESBURG: South African cricket was plunged back into crisis on Sunday when the country’s sports minister said...

Updated 19 Apr, 2021 09:56am

World

Mars helicopter flight test promises Wright Brothers moment for NASA

LOS ANGELES: NASA hopes to score a 21st-century Wright Brothers moment on Monday as it attempts to send a miniature...

Updated 19 Apr, 2021 09:56am

World

Protests, anger as Prague digests spat with Moscow

PRAGUE: Protesters smeared the Russian embassy wall with blood-like ketchup and politicians on Sunday vowed...

Updated 19 Apr, 2021 09:56am

World

Moscow expels 20 Czech diplomats

MOSCOW: Russia on Sunday said 20 employees of the Czech embassy in Moscow had been declared "persona non grata" and...

Updated 19 Apr, 2021 09:56am

World

US warns of 'consequences' if Navalny dies as Russia protests called

WASHINGTON: The United States on Sunday warned Russia of "consequences" if the hunger-striking Kremlin critic Alexei...

Updated 19 Apr, 2021 09:56am

World

Stellantis electric cars will have up to 800km range

PARIS: Automaker Stellantis said Thursday it plans to develop four electric vehicle platforms that will offer up to...

Updated 19 Apr, 2021 09:56am

World

Britain to use Brexit ‘flexibility’ to make City of London more attractive

LONDON: Britain will use its freedom from European Union rules to regulate markets flexibly and make the City of...

Updated 19 Apr, 2021 09:56am

Technology

EU to unveil AI rules to fight Big Brother fears

BRUSSELS: The EU is set to unveil a proposal to regulate the sprawling field of artificial intelligence, with the ...

Updated 19 Apr, 2021 09:56am

Companies

Apple offers $200m forestry fund to reduce carbon

SAN FRANCISCO: Apple on Thursday announced a $200 million fund to invest in timber-producing commercial forestry...

Updated 19 Apr, 2021 09:54am

Companies

Tesco profits surge in pandemic year

LONDON: Britain’s biggest retailer Tesco on Wednesday announced a six-fold surge in annual net profits after the...

Updated 19 Apr, 2021 09:54am

Companies

Infosys sees profits grow, announces share buyback

MUMBAI: Indian software giant Infosys announced a $1.22 billion share buyback Wednesday after reporting a 17-percent...

Updated 19 Apr, 2021 09:54am

Industry

Vietnam’s Bamboo Airways plans to raise $200m in US IPO

HANOI: Vietnam’s Bamboo Airways plans to raise up to $200 million in an initial public offering in the United...

Updated 19 Apr, 2021 09:54am

Companies

E-commerce pioneer Wenzel launches ‘Amazon on steroids’

BERLIN: German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank , is launching a global rapid...

Updated 19 Apr, 2021 09:54am

Money & Banking

Bill proposed to regulate Modaraba business, protect investors

ISLAMABAD: The proposed Modaraba Companies & Modaraba (Floatation and Control) (Amendment) Bill, 2020 would...

Updated 19 Apr, 2021 09:53am

Money & Banking

African currencies week ahead: Nigerian unit seen under pressure, Kenyan rally to pause

NAIROBI: The Nigerian naira is likely to ease in the next week after the central bank offered future contracts at...

Updated 19 Apr, 2021 09:53am

Money & Banking

China dollar bond issuers hit by Huarong debt concerns

SHANGHAI: Chinese corporate dollar bond issuers are facing rising financing pressure after asset management giant...

Updated 19 Apr, 2021 09:53am

Industry

Import of raw material: Apbuma welcomes decision to withdraw RD

FAISALABAD: Engineer Bilal Jamil Senior Vice Chairman All Pakistan Bed sheets & Upholstery Manufacturers...

Updated 19 Apr, 2021 09:53am

Money & Banking

US dollar net shorts fall to lowest since June 2018

NEW YORK: US dollar net short positioning fell in the latest week to the smallest short position since June 2018,...

Updated 19 Apr, 2021 09:53am

Business & Finance

Chinese trade team to visit Pakistan

ISLAMABAD: A Chinese trade delegation from Guangxi Province will visit Pakistan to explore new investment venues in...

Updated 19 Apr, 2021 09:53am

Money & Banking

Sustainable-bond issuance reaches record high in Q1

LONDON: Sustainable-bond issuance surged to a record high in the first quarter as more countries and companies ...

Updated 19 Apr, 2021 09:53am

Pakistan

Pakistan reports 5,152 new COVID-19 cases, 73 deaths in 24 hours

There are 82,276 active cases of the virus in the country, out of which 4,515 are critical cases.
3,362 people also recovered from the virus in the last 24 hours.

Published 19 Apr, 2021 09:40am

BR Research

Sugar MY21: a chartist’s version

One look at the February 2021 Large Scale Manufacturing Index (QIM) would tell you that the outcry over sugar...

Published 19 Apr, 2021 07:40am

BR Research

Dolmen City REIT in 9MFY20

Nearing its sixth year into operations, Dolmen City REIT (PSX: DCR) announced its financial performance for 9MFY21...

Published 19 Apr, 2021 07:35am

BR Research

A welcome change to primary dealer rules

About a two decades ago in 2000, when the SBP started the primary dealership (PD) for government bonds and papers...

Published 19 Apr, 2021 07:30am

BR Research

More bad press

Despite recent efforts to improve Pakistan’s image, the problem refuses to go away. Last week’s deadly protests,...

Published 19 Apr, 2021 07:25am

World

Sotheby’s sees $16.8m in first NFT sale

NEW YORK: Sotheby’s hosted its first sale of art supported by NFTs, the trendy authentication technology, by ...

Published 19 Apr, 2021 03:22am

South Asia

Growing calls for more oxygen, beds as India virus crisis deepens

NEW DELHI: More government hospital beds will be freed for Covid-19 patients, India's health ministry said Sunday, ...

Published 19 Apr, 2021 03:22am

Africa

Fire breaks out on Cape Town's Table Mountain

JOHANNESBURG: A fire broke out Sunday in the foot hills of Cape Town's landmark Table Mountain, destroying a...

Published 19 Apr, 2021 03:22am

Middle East

Five wounded in rocket attack on Iraq base hosting Americans

SAMARRA, (Iraq): Five rockets targeted Sunday an Iraqi airbase hosting US soldiers and at least two projectiles hit...

Published 19 Apr, 2021 03:22am

Europe

Migrant trafficking gang busted in Greece

ATHENS: Greek police have dismantled a migrant trafficking network accused of abducting and torturing two people, ...

Published 19 Apr, 2021 03:22am

Middle East

Iran hit by 5.9-magnitude quake, five injured

TEHRAN: A 5.9-magnitude earthquake Sunday hit Iran's southwestern Bushehr province, which houses a nuclear power...

Published 19 Apr, 2021 03:22am

Europe

Four dead in light plane crash outside Paris

MEAUX, (France): Four people died when a light plane crashed east of Paris on Sunday, the local fire service said. A...

Published 19 Apr, 2021 03:22am

Europe

Deal elusive in conservatives' battle for Merkel's crown

BERLIN: The two conservative leaders locked in an increasingly vicious battle for Angela Merkel's crown struggled to...

Published 19 Apr, 2021 03:22am

Sports

Tsitsipas wins first Masters 1000 title

MONACO: Stefanos Tsitsipas crushed Andrey Rublev 6-3, 6-3 on Sunday in a one-sided final in the Monte Carlo Open for...

Published 19 Apr, 2021 03:22am

Sports

Campbell, Chalmers shine to clinch Australian sprint titles

SYDNEY: Sprint star Cate Campbell fired a warning shot with a lightning-fast 50m freestyle swim to win the ...

Published 19 Apr, 2021 03:22am

Sports

Messi scores twice as Barca beat Athletic to win Copa del Rey

MADRID: Lionel Messi scored twice, including a stunning solo goal, as Barcelona blew away Athletic Bilbao to win the...

Published 19 Apr, 2021 03:22am

Sports

Balochistan govt to set up cricket, football academy

QUETTA: A cricket and football academy has planned to be set up in the province during the next financial year to...

Published 19 Apr, 2021 03:22am

Pakistan

The Weather

KARACHI: The weather report on Sunday (April 18, 2021) and the forecast for Monday (April 19, 2021)....

Published 19 Apr, 2021 03:22am

Opinion

Cancer patients treated with dignity and respect

Nearly thirty years ago, the people of Pakistan united behind the cause of building the nation's first comprehensive...

Published 19 Apr, 2021 03:22am

Opinion

Whither the economy?

The cabinet approved the medium-term strategy paper this Tuesday past and projected a Gross Domestic Product (GDP)...

Published 19 Apr, 2021 03:22am

Pakistan

Rehmatul-Lil Alameen Scholarships Programme: Punjab govt to allocate ‘substantial funds’ every year: CM

LAHORE: Punjab Chief Minister Usman Buzdar has announced that nearly 14,000 intermediate scholarships and 891...

Published 19 Apr, 2021 03:22am

Pakistan

IIOJK: AJK president lauds UN report on human rights situation

MIRPUR (AJK): While welcoming a letter written by the UN human rights experts to the Indian government regarding the...

Published 19 Apr, 2021 03:22am

Pakistan

Four new tourist sites get 40 camping pods in KP

ISLAMABAD: Tourism Corporation Khyber Pakhtunkhwa (TCKP) has set up as many as 40 camping pods at four new travel...

Published 19 Apr, 2021 03:22am

Pakistan

President urges nation to follow Covid-19 SOPs

ISLAMABAD: President Dr Arif Alvi Sunday once again urged the nation to fully implement the Standard Operating...

Published 19 Apr, 2021 03:22am

Pakistan

During 10 years: Shehbaz’s assets increased to Rs7.3bn, claims Gill

ISLAMABAD: Special Assistant to Prime Minister on Political Communication, Shahbaz Gill said on Sunday that former...

Published 19 Apr, 2021 03:22am

Pakistan

One killed, two injured in robbery incidents

KARACHI: One person was shot dead and two others were injured in three robbery incidents that took place in ...

Published 19 Apr, 2021 03:22am

Rates.The Rupee

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (April 12 to 16,...