Financial

Canadian pension fund OMERS reports first annual loss since financial crisis

Many Canadian pension funds struggled to navigate the coronavirus pandemic last year, leading to widespread shutdowns of the economy and historic market falls.
"We've woken up this year already in pretty good shape but it didn't happen to coincide with year-end," he said.

Updated 25 Feb, 2021 08:06pm

Financial

UK regulator censures Premier FX for 'seriously misleading' customers

The Financial Conduct Authority (FCA) said it would have imposed a substantial fine on the company if it had not already been in liquidation or owed its 136 creditors - most of which are consumers - roughly 9.2 million pounds ($13 million).
We may never understand Peter Rexstrew's motivation for operating Premier FX in this way, using new customers' funds to pay existing customers or business expenses.

Published 25 Feb, 2021 07:03pm

Financial

Looking to curb yield rise, ECB reaffirms easy money pledge

We will ensure that there is no unwarranted tightening of financing conditions
A too-abrupt increase in real interest rates on the back of improving global growth prospects could jeopardise the economic recovery.

Published 25 Feb, 2021 06:55pm

Financial

Books for Croatian foreign bonds rise to over 5.5bn EURO: IFR

Croatia wants to refinance an international bond worth $1.5 billion that matures on March 24, but also needs funds for covering this year's budgetary needs as the deficit is set at almost 3% of gross domestic product.

Published 25 Feb, 2021 06:42pm

Financial

Traders push yields higher as inflation concerns linger

The benchmark 10-year yield was up 4.1 basis points at 1.4046% in morning trading, its first time above 1.4% since a year ago, and reached as high as 1.435%
Patrick Leary, chief market strategist and senior trader at Incapital, said the trading could also be a sign of investor skepticism about Powell's reassurance.

Published 24 Feb, 2021 09:09pm

Financial

Germany's profit from public debt may reach 600 million euros by 2029: document

The calculations are likely to fuel a debate in Germany about when Berlin should end massive deficit-spending triggered by the COVID-19 pandemic, and return to the fiscal rules of a debt brake that parliament suspended for 2020 and 2021.
Deputy Finance Minister Bettina Hagedorn said the calculations were only estimates and fraught with uncertainty due to the long time period.

Published 24 Feb, 2021 07:56pm

Financial

Benchmark US Treasury yields hit 1-year high of 1.45pc

Benchmark 10-year Treasury yields were last up 7 basis points on the day. That rise was echoed across the yield curve with, 30-year Treasury yields up 7 bps at 2.32%.

Published 25 Feb, 2021 07:09pm

Financial

UK 30-year gilt yields on track for highest close since July 2019

Thirty-year gilt yields peaked at 1.426% .
Ten-year gilt yields were 5 basis points higher on the day at 0.77%, their highest since March 2020.

Published 24 Feb, 2021 07:18pm

Financial

NZ central bank holds fire on rates, tempers tightening expectations

RBNZ's caution on the outlook disappointed some traders who expected the central bank to acknowledge New Zealand's improved macroeconomic conditions since the last policy decision in November 2020.

Published 24 Feb, 2021 02:27pm

Financial

Qatar's Commercial Bank sells $500mn in AT1 bonds: document

It had given initial price guidance of around 4.75% for the bonds, which are non-callable for five years.
Barclays, Credit Suisse, Deutsche Bank , HSBC, JPMorgan and QNB Capital arranged the deal.

Published 24 Feb, 2021 06:28pm

Financial

Sri Lanka central bank says controlling foreign debt will 'no doubt' require some austerity

Reports the country will default on its debt were "politically and ideologically motivated", he said, adding the country was committed to honouring its foreign debt obligations.

Published 24 Feb, 2021 02:17pm

Financial

Qatar's Commercial Bank expected to sell $500 million AT1 bonds, sources say

It gave initial price guidance of around 4.75% for the bonds, which are expected to launch later on Wednesday, said the sources, who declined to be identified as they are not authorised to speak to media.

Published 24 Feb, 2021 01:33pm

Financial

India's central bank, markets must work together, governor says

Investor appetite has been low despite the central bank's assurance that it would provide ample liquidity and ensure a smooth government borrowing programme as traders seek more direct support from the RBI.

Published 24 Feb, 2021 12:26pm

Financial

Singapore bank OCBC signals recovery as credit costs ease

Speaking to reporters, Wong said: "It is too early for me to talk about how we are going to utilise our very strong capital but at the moment, we do not have any M&A plan under review."

Published 24 Feb, 2021 12:25pm

Financial

Lloyds profits fall as it targets wealth push

Horta-Osório is leaving Lloyds after a decade running the bank to stand for election as chairman of Credit Suisse in April, with HSBC executive Charlie Nunn set to replace him on August 16.

Published 24 Feb, 2021 12:10pm

Financial

US bill rates risk going negative, but stimulus could change the course

The US Treasury Department, slashing its cash balance after amassing liquidity to pay for fiscal stimulus, which was delayed.
It plans to cut its cash balance to $500 billion in June, from $1.7 trillion at year-end.

Published 23 Feb, 2021 05:58pm

Financial

Sovereign wealth funds pull $16.3 billion from market strategies in Q4

Net outflows from equity strategies managed by third-party fund managers reached $18.5 billion in the final three months of 2020, eVestment data showed.
Across all asset classes, net outflows from long-only managers handling sovereign wealth investments were $16.3 billion, the largest amount since the first quarter of 2017, the data showed.

Published 23 Feb, 2021 05:11pm

Financial

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.

Published 23 Feb, 2021 09:11pm

Financial

Croatia T-bill auction surpasses target, yield unchanged

After the auction, Croatia's short-term local currency debt rose to 14.66 billion kuna from 14.57 billion.
In March Croatia also plans to tap the international markets to refinance the 10-year bond maturing on March 24 and worth $1.5 billion.

Published 23 Feb, 2021 06:24pm

Financial

South Korea central bank chief says will review govt bond purchases to stabilize market

Lee, however, said it isn't appropriate for the Bank of Korea to directly acquire treasury bonds from the government, suggesting any bond buying will be made in the secondary market.

Published 23 Feb, 2021 12:11pm

Financial

HSBC reports profits fell 30% to $6.1bn in 2020

Reported profit after tax came in at $6.1 billion which the bank blamed primarily on higher-than-expected credit losses and other bad debts sparked by the currrent economic crises.

Published 23 Feb, 2021 09:36am

Financial

Czechs ramp up borrowing, to offer up to CZK 54bn in March bond auctions

The ministry added it would also offer up to 10 billion crowns worth of short-term Treasury bills through two auctions.
The increase was higher than expected by many analyst and market players and indicates growing borrowing in 2021.

Updated 22 Feb, 2021 10:04pm

Financial

Mortgage vendor IPO woes reflect US housing market peak

Five mortgage vendors have scaled back or canceled plans to go public in the last four months, as investors flinched at their frothy valuations.
Investors don't like buying into a company at the start of a down cycle, and mortgage originations are an extremely cyclical business.

Published 22 Feb, 2021 06:54pm

Financial

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

Eurodollar futures contracts maturing in December 2022, were pricing in roughly 18 basis points worth of rate hikes by the end of next year.
Current pricing implies an almost 70% chance of such a move by end-2022, analysts said, up from the 52% chance priced a week ago.

Published 22 Feb, 2021 05:53pm

Financial

S&P raises New Zealand ratings on COVID success; kiwi dollar soars

The New Zealand dollar popped up to its highest since April 2018 at $0.7338.

Published 22 Feb, 2021 12:45pm

Financial

Bank of Korea to stand pat amid weak jobs sector

The bank in January flagged deep concerns about growing risks from a hot stock market rally and booming household debt.

Published 22 Feb, 2021 11:55am

Financial

Qatar's Commercial Bank hires banks for AT1 bonds

An unrated benchmark issuance may follow, subject to market conditions.

Published 22 Feb, 2021 11:53am

Financial

Australia's NAB sees faster uptick in housing demand, cuts fixed home loan rates

Australian home loan approvals surged 8.6% in December from a month earlier, official data showed this month, while housing prices jumped to a record high.

Published 22 Feb, 2021 11:27am

Financial

Sudan's central bank sharply devalues currency: banking sources

The official exchange rate had previously stood at 55 pounds to the dollar, while the black market rate had been fluctuating recently between 350 and 400 pounds.

Updated 21 Feb, 2021 06:04pm

Financial

Swiss spooked by using debt to prop up economy

After falling by 8.6 percent in the first half of the year, Swiss GDP rebounded with a 7.2-percent gain in the third quarter.

Published 21 Feb, 2021 11:07am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Feb 26 786 Investments Limited(786)	10.52 ▼ 0.00 (0.00%)
AL- Abbas / Feb 26 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 26 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 26 Allied Bank Limited(ABL)	80.72 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 26 Abbott Laboratories (Pakistan) Limited(ABOT)	746.49 ▼ 0.00 (0.00%)
Abson Ind. / Feb 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 26 Attock Cement Pakistan Limited(ACPL)	188.56 ▼ 0.00 (0.00%)
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.23 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Feb 26 786 Investments Limited(786)	10.52 ▼ 0.00 (0.00%)
AL- Abbas / Feb 26 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 26 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 26 Allied Bank Limited(ABL)	80.72 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 26 Abbott Laboratories (Pakistan) Limited(ABOT)	746.49 ▼ 0.00 (0.00%)
Abson Ind. / Feb 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 26 Attock Cement Pakistan Limited(ACPL)	188.56 ▼ 0.00 (0.00%)
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.23 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 26	158.40
USD PKR Interbank Buying / Feb 26	158.30
USD to Japanese Yen / Feb 26	106.37
USD to Swiss Franc / Feb 26	0.91
Pound Sterling to USD / Feb 26	1.40
Euro to USD / Feb 26	1.22
UK LIBOR % / Feb 26	0.08

Stock	Volume
S&P 500 / Feb 26	3829.34
India Sensex / Feb 26	51039.31
Tokyo Nikkei / Feb 26	30168.27
Nasdaq / Feb 26	13119.43
Hang Seng / Feb 26	30074.17
FTSE 100 / Feb 26	6651.96
Dow Jones / Feb 26	31402.01
Germany DAX 30 / Feb 26	13879.33
France CAC40 / Feb 26	5783.89

Item	Value
Crude Oil / Feb 26	63.56
Karachi Cotton Assoc. / Feb 26	12000.00
Gold 10 Grams / Feb 26	94564.00
Gold Spot / Feb 26	1769.20
Cotton / Feb 26	89.69

Financial

Canadian pension fund OMERS reports first annual loss since financial crisis

UK regulator censures Premier FX for 'seriously misleading' customers

Looking to curb yield rise, ECB reaffirms easy money pledge

Books for Croatian foreign bonds rise to over 5.5bn EURO: IFR

Traders push yields higher as inflation concerns linger

Germany's profit from public debt may reach 600 million euros by 2029: document

Benchmark US Treasury yields hit 1-year high of 1.45pc

UK 30-year gilt yields on track for highest close since July 2019

NZ central bank holds fire on rates, tempers tightening expectations

Qatar's Commercial Bank sells $500mn in AT1 bonds: document

Sri Lanka central bank says controlling foreign debt will 'no doubt' require some austerity

Qatar's Commercial Bank expected to sell $500 million AT1 bonds, sources say

India's central bank, markets must work together, governor says

Singapore bank OCBC signals recovery as credit costs ease

Lloyds profits fall as it targets wealth push

US bill rates risk going negative, but stimulus could change the course

Sovereign wealth funds pull $16.3 billion from market strategies in Q4

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

Croatia T-bill auction surpasses target, yield unchanged

South Korea central bank chief says will review govt bond purchases to stabilize market

HSBC reports profits fell 30% to $6.1bn in 2020

Czechs ramp up borrowing, to offer up to CZK 54bn in March bond auctions

Mortgage vendor IPO woes reflect US housing market peak

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

S&P raises New Zealand ratings on COVID success; kiwi dollar soars

Bank of Korea to stand pat amid weak jobs sector

Qatar's Commercial Bank hires banks for AT1 bonds

Australia's NAB sees faster uptick in housing demand, cuts fixed home loan rates

Sudan's central bank sharply devalues currency: banking sources

Swiss spooked by using debt to prop up economy

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