Trends - Biden - Business Recorder

Biden

Erdogan aims to mend strained relations with the United States under Biden Administration

According to President Recep Tayyip Erdogan, Turkey wants to improve cooperation with the United States on a "win-win basis", as he aimed to mend the strained relations between the two NATO allies.
In recent years, ties between the United States and Turkey have been enormously strained, with the former sanctioning the NATO member in December over its purchase of the Russian S-400 defense systems.

Updated 22 Feb, 2021 10:50am

Iran says talks with IAEA chief ‘fruitful’ as deadline looms

TEHRAN: Iran said Sunday it had held "fruitful discussions" with UN nuclear watchdog chief Rafael Grossi in Tehran,...

Published 22 Feb, 2021 04:25am

World

Biden approves major disaster declaration for Texas

WASHINGTON: President Joe Biden has approved a major disaster declaration for Texas which has suffered widespread...

Updated 21 Feb, 2021 05:14pm

Opinion

One Biden doctrine emerges - always work with allies

As President Joe Biden takes up crises from Iran to Myanmar to climate change, one aspect of his approach has been...

Published 21 Feb, 2021 05:10am

After Trump, Biden and G7 refocus on Covid recovery

LONDON: Wealthy G7 powers on Friday ramped up health funding for poorer nations after accusations they are hoarding...

Updated 21 Feb, 2021 05:13pm

World

Israel's Netanyahu talks with President Biden

Israel has surged ahead in its vaccination drive against Covid-19.

Published 18 Feb, 2021 10:47am

World

Plans afoot for Biden to join virtual Munich Security Conference: source

U.S. President Joe Biden has been invited to address a virtual edition of the annual Munich Security Conference on Feb. 19 and plans are being made for him to do so, a diplomatic source told Reuters on Thursday.

Updated 11 Feb, 2021 09:24pm

World

Biden adviser says phase-out level for COVID-19 relief checks open to negotiation

Bernstein, speaking at a White House briefing, also said the $1.9 trillion price tag on the Biden plan is not too big.

Published 06 Feb, 2021 12:30am

World

Democrats file $1.9 trillion budget resolution, could bypass Republicans on COVID-19 relief

"We have not seen many red lines drawn publicly by Democrats in Congress. I think we will see those red lines if the White House considers taking some things out or delaying some items," the adviser said, speaking on condition of anonymity.

Published 02 Feb, 2021 10:33am

Markets

Dollar supported by haven demand after retail frenzy bruises risk sentiment

A group of Republican senators are urging Biden, a Democrat, to significantly downsize his proposed $1.9 trillion pandemic relief package, and have floated a $600 billion alternative.

Published 01 Feb, 2021 12:34pm

Markets

Asian markets swing as traders mull virus, vaccines and stimulus

But Tai Hui, of JP Morgan Asset Management, remained upbeat.

Published 27 Jan, 2021 09:37am

US to reverse ‘draconian’ immigration policies, Biden tells Mexican president

WASHINGTON”: The United States plans to reverse the Trump administration's "draconian" immigration approach while...

Updated 24 Jan, 2021 10:13am

Top Iran leader posts Trump-like golfer image, vows revenge

World

Fauci says he feels liberated to speak on science under Biden

"The idea that you can get up here and talk about what you know. What the evidence, what the science is, and know that's it -- let the science speak -- it is somewhat of a liberating feeling."

Published 22 Jan, 2021 10:00am

World

South Korea's Moon taps ex-adviser as foreign minister in bid to revive North Korea talks

Chung has said Bolton's accounts were "inaccurate" and "distorted," without elaborating.

Published 20 Jan, 2021 10:48am

Markets

C$ hits 1-week low as threat to Keystone XL rattles investors

US crude oil prices were down 0.5% at $52.09 a barrel, while the Canadian dollar declined 0.1% to 1.2746 per greenback, or 78.46 US cents. It touched its weakest since last Monday at 1.2799.

Published 19 Jan, 2021 12:23pm

World

Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy

The incoming administration will work with Congress on the quick stimulus package after Biden takes office on Jan. 20.
Biden plans to introduce his package during a prime-time address on Thursday evening, underscoring the seriousness of the topic, but he will have to compete for attention with the political drama in Washington.

Published 14 Jan, 2021 05:36pm

World

US stands by Taiwan, envoy says after cancelled trip

Beijing has been angered by stepped-up support for Taiwan from the administration of outgoing President Donald Trump, including trips to Taipei by top US officials, further straining Sino-US ties.

Published 14 Jan, 2021 10:14am

World

Operation Warp Speed chief adviser Slaoui has resigned: CNBC

The chief adviser for the US COVID-19 vaccine program, Slaoui's role leading vaccine.

Published 13 Jan, 2021 10:50am

World

Pence rejects calls to oust defiant Trump, but impeachment looms

"I do not believe that such a course of action is in the best interest of our nation," Pence wrote in a letter to House Speaker Nancy Pelosi shortly before the House was set to vote on a measure calling on Pence to use the amendment to strip Trump of power.

Published 13 Jan, 2021 10:02am

Markets

China's yuan strengthens on pre-holiday demand even as dollar firms

Ming Ming, an analyst at CITIC Securities, said if the rise in US rates on the fiscal boost expectations is accompanied by a global rebound, the spread between Chinese and US rates is more likely to remain wide, which should support the yuan.

Published 12 Jan, 2021 12:36pm

World

Biden inauguration: worries as Homeland Security chief quits

But the preparations come as Democrats, accusing Trump of fomenting and applauding what they branded an "insurrection" and "coup" attempt last week, seek to force Trump from office prematurely.

Published 12 Jan, 2021 10:29am

World

Biden to receive second Covid vaccine dose Monday

About 6.7 million Americans have so far received their first shot -- far short of the target of 20 million by the end of 2020.

Published 11 Jan, 2021 10:28am

US Congress certifies Biden win

WASHINGTON: Hours after hundreds of President Donald Trump's supporters stormed the US Capitol in a harrowing ...

Updated 08 Jan, 2021 03:25am

World

EU condemns 'assault on US democracy'

He commended Biden, who had earlier given an address branding the protesters' forced entry into the Congress building an "insurrection".

Published 07 Jan, 2021 04:10am

World

Immigrants in US both hopeful and wary of Biden

"You've served your usefulness," he said of the decision by the same government he fought for in Vietnam. "And we don't need you anymore so you can be deported."

Published 01 Jan, 2021 11:47am

World

Worldwide coronavirus cases cross 77.57mn, death toll at 1,709,633

Infections have been reported in more than 210 countries.

Published 23 Dec, 2020 09:05am

World

Biden backs son Hunter after US tax probe revealed

During his unsuccessful re-election campaign, President Donald Trump launched repeated accusations against Hunter and said the Bidens were a "corrupt" family and a "criminal enterprise."

Published 18 Dec, 2020 04:56pm

Business & Finance

Cuba says economy shrank 11% in 2020, thwarts 'soft coup' attempts

Earlier in the day, Gil said a gradual recovery would begin in 2021, based mainly on that reform and a 50% increase in tourist arrivals to 2.2 million in 2021, compared with more than 4 million in 2019.

Published 18 Dec, 2020 10:02am

World

Biden hits campaign trail in Georgia after top Republicans acknowledge his win

"Are you ready to vote for two senators who know how to say yes and not just no?" Biden told an Atlanta drive-in rally, where attendees remained in their cars because of the coronavirus pandemic.

Published 16 Dec, 2020 11:47am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 3 786 Investments Limited(786)	5.04 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 3 Al-Abbas Sugar Mills Limited(AABS)	378.90 ▼ 0.00 (0.00%)
Agro Allianz / Feb 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 3 Allied Bank Limited(ABL)	66 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 3 Abbott Laboratories (Pakistan) Limited(ABOT)	380.25 ▼ 0.00 (0.00%)
Abson Ind. / Feb 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 3 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 3 Attock Cement Pakistan Limited(ACPL)	55.72 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 3 786 Investments Limited(786)	5.04 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 3 Al-Abbas Sugar Mills Limited(AABS)	378.90 ▼ 0.00 (0.00%)
Agro Allianz / Feb 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 3 Allied Bank Limited(ABL)	66 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 3 Abbott Laboratories (Pakistan) Limited(ABOT)	380.25 ▼ 0.00 (0.00%)
Abson Ind. / Feb 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 3 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 3 Attock Cement Pakistan Limited(ACPL)	55.72 ▼ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Feb 3 Worldcall Telecom Limited(WTL)	20,606,814 ▼ 0.00
Pak Petroleum / Feb 3 Pakistan Petroleum Limited(PPL)	12,289,269 ▼ 0.00
Dewan Motors / Feb 3 Dewan Farooque Motors Limited(DFML)	6,197,500 ▼ 0.00
Ghani Glo Hol / Feb 3 Ghani Global Holdings Limited(GGL)	5,488,518 ▼ 0.00
Oil & Gas Dev. / Feb 3 Oil & Gas Development Company Limited(OGDC)	5,157,941 ▼ 0.00
The Searle Co. / Feb 3 The Searle Company Limited(SEARL)	4,848,886 ▼ 0.00
Hub Power Co. / Feb 3 The Hub Power Company Limited(HUBC)	4,458,221 ▼ 0.00
Engro Corp / Feb 3 Engro Corporation Limited(ENGRO)	3,925,013 ▼ 0.00
TRG Pak Ltd / Feb 3 TRG Pakistan Limited(TRG)	3,694,488 ▼ 0.00
Bank Al-Falah / Feb 3 Bank Alfalah Limited(BAFL)	2,894,361 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 2	273.50
USD PKR Interbank Buying / Feb 2	271.50
USD to Japanese Yen / Feb 2	128.66
USD to Swiss Franc / Feb 2	0.91
Pound Sterling to USD / Feb 2	1.22
Euro to USD / Feb 2	1.09
UK LIBOR % / Feb 2	4.30

Stock	Volume
S&P 500 / Feb 2	4179.76
India Sensex / Feb 2	59932.24
Tokyo Nikkei / Feb 2	27402.05
Nasdaq / Feb 2	12200.82
Hang Seng / Feb 2	21958.36
FTSE 100 / Feb 2	7820.16
Dow Jones / Feb 2	34053.94
Germany DAX 30 / Feb 2	15509.19
France CAC40 / Feb 2	7166.27

Item	Value
Crude Oil USD/Barrel / Feb 2	75.88
Karachi Cotton PKR/37.32 KG / Feb 2	22235
Gold 10 Grams PKR / Feb 2	177641
Gold Spot USD/Ounce / Feb 2	1912.74
Cotton US¢/pound / Feb 2	86.39

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