Trends - Brexit - Business Recorder

Brexit

Stocks peak on vaccine, U.S. stimulus and Brexit deal hopes; dollar slumps

Europe's strong open saw stocks rise 1pc to nine-month highs, with the UK's FTSE 100 index jumping 1.3pc.

Published 16 Dec, 2020 05:21pm

World

EU chief says 'next days decisive' in Brexit talks

"The next days are going to be decisive," the president of the European Commission told the European Parliament, as intense talks on a post-Brexit trade deal continued nearby in Brussels.

Published 16 Dec, 2020 04:50pm

Markets

Gold gains as focus turns to Fed policy decision

Spot gold was up 0.5pc at $1,862.30 an ounce by 1023 GMT after touching its highest since Dec. 9 at $1,865.14. U.S. gold futures rose 0.6pc to $1,866.20.

Published 16 Dec, 2020 04:50pm

World

EU and UK narrow gaps on post-Brexit trade but no deal yet

Many supposed deadlines have already been missed, the EU chief admitted. But, with two weeks until Britain leaves the EU single market, time is finally running out.

Published 16 Dec, 2020 04:49pm

Business & Finance

German bond yields rise to one-week high after positive PMI surprises

Italy's 10-year bond yield was up 1 basis point to 0.49% after hitting a record low at 0.48% on Tuesday.

Published 16 Dec, 2020 04:07pm

Markets

Sterling recovers as hopes for a Brexit deal are revived

Sterling dropped as low as $1.3135 last Friday when British Prime Minister Boris Johnson said a no-deal was "very, very likely".

Published 15 Dec, 2020 06:57pm

World

No trade deal still most likely Brexit scenario, UK's Johnson tells ministers

During an update for his cabinet team, Johnson "re-emphasised the desire to reach a free trade agreement, but not at any cost, and reiterated any agreement must respect the independence and sovereignty of the UK".

Published 15 Dec, 2020 06:47pm

Business & Finance

Euro zone bond yields dip as caution returns

Bond yields rose on Monday after an extension of trade talks between Britain and the European Union eased fears of a messy parting of ways between the two.

Published 15 Dec, 2020 04:46pm

Markets

Euro holds firm as U.S. stimulus hopes weigh on dollar

The dollar index, which measures the greenback against a basket of currencies, rose slightly to 90.802.

Published 15 Dec, 2020 04:40pm

Business & Finance

Airbus urges compromises on Brexit, transatlantic tariffs

Faury said Airbus would maintain its reduced output of 40 A320-family jets a month into early 2021, but did not address the timing or scale of any output increase.

Published 15 Dec, 2020 09:34am

Markets

C$ firms as risk appetite rises on vaccine, Brexit optimism

In the bond market, Canadian government bonds were higher across the board in line with U.S. Treasuries.

Published 14 Dec, 2020 07:55pm

World

UK and EU still apart on Brexit but PM doesn't want to walk yet: minister

"People expect us, businesses expect us in the UK to go the extra mile and that's precisely what we're doing," Sharma said.

Published 14 Dec, 2020 04:22pm

World

Irish PM hopeful of Brexit deal, still significant challenges

"You're right, the real end deadline is New Year's Eve but I think both sides are very possessed of the need to get outcomes to these negotiations in the next number of days," he added.

Published 14 Dec, 2020 03:56pm

World

EU's Barnier says ‘next few days’ important for Brexit deal talks

"Fair competition, and a sustainable solution for our fishermen and women, are key to reaching a deal."

Published 14 Dec, 2020 03:26pm

World

Brexit trade deal odds rise in betting markets as talks grind on

Many investment banks meanwhile still stuck to their expectations of a "thin" UK-EU trade deal while cutting down the probability marginally as talks drag on.

Published 14 Dec, 2020 03:20pm

Markets

Sterling up to $1.34 after Brexit talks extended

The pound traded 1.4pc higher to the dollar at $1.3405, having hit the day's high of $1.3411 earlier.

Published 14 Dec, 2020 03:04pm

World

UK PM Johnson says on Brexit trade talks: we're very far apart

“The best thing to do now, for everybody, is to follow up all the work that has been done over the last four and half years, colossal amount of preparation at our ports, everywhere across the UK, get ready to trade on WTO terms, Boris said.

Published 14 Dec, 2020 10:24am

World

Britain's navy to protect fishing waters in case of no-deal Brexit

Four Royal Navy patrol ships will be ready on Jan. 1 to help protect Britain’s fishing waters in the event the Brexit transition period ends without a deal on future ties with the European Union.
There are concerns about possible skirmishes between British and foreign fishing vessels if no trade deal is reached.

Published 12 Dec, 2020 05:18pm

World

No deal on Brexit trade 'very very likely', Johnson says

Britain is likely to complete its journey out of the European Union in three weeks without a trade deal.
Britain quit the EU in January but remains an informal member until Dec. 31 - the end of a transition period during which it has remained in the EU single market and customs union.

Published 12 Dec, 2020 02:29pm

World

EU Commission chief sees more chance of no Brexit trade deal

Britain is more likely to leave the European Union’s orbit on Dec. 31 without a trade deal than with an agreement, an EU official quoted the head of the European Commission.
A no-trade deal Brexit would damage the economies of northern Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains which stretch across Europe and beyond.

Published 11 Dec, 2020 05:30pm

Markets

Nikkei slips on worries over Brexit, US stimulus

However, Toyota Motor rose 4.4% as investors welcomed the revamp of its Mirai hydrogen fuel cell car, at a time when the government has stepped up measures to cut carbon emissions.

Published 11 Dec, 2020 11:07am

Markets

Sterling extends losses with UK and EU still far apart in Brexit talks

The pound extended its fall in early London trading, down 0.6pc against the dollar at $1.3318 at 0829 GMT.

Published 10 Dec, 2020 06:06pm

World

Britons may need visas to stay in EU more than 3 months: French minister

Beaune visited the Gare du Nord train station and the terminal of Eurostar in Paris to check on the new border control facilities ahead of Britain's full exit from the European Union.

Published 10 Dec, 2020 05:43pm

World

EU executive proposes ways to avoid Brexit disruption without deal

The Commission said it would also soon propose a 5 billion euro ($6.05 billion) "Brexit Adjustment Reserve" as part of the EU's new 2021-2027 budget to help EU businesses adapt.

Published 10 Dec, 2020 04:09pm

World

UK PM Johnson warns EU over Brexit trade talks: back down or it's no-deal

British Prime Minister Boris Johnson warned the European Union on Wednesday it must scrap demands which he says are unacceptable if there is to be a Brexit trade deal.
With fears growing of a chaotic no-deal finale to the five-year Brexit crisis, Johnson was heading to Brussels later on Wednesday for talks with European Commission President Ursula von der Leyen.

Updated 10 Dec, 2020 01:15am

Markets

Pound volatility rises as Johnson, von der Leyen head to last-ditch Brexit dinner

Against the euro, sterling was 0.4pc higher at 90.27 pence, after falling to a seven-week low on Monday.

Published 09 Dec, 2020 06:19pm

World

UK's Johnson says 'a good deal' still possible with EU

"A good deal is still there to be done. I look forward to discussing it with Commissioner von der Leyen tonight," he told parliament.

Published 09 Dec, 2020 06:16pm

World

Merkel: We could still reach an agreement on Brexit

She told the Bundestag lower house of parliament that the two sides still needed to resolve the issue of a level playing field.

Published 09 Dec, 2020 05:49pm

Markets

London stocks track Asia gains, no-deal Brexit fears simmer

The blue-chip FTSE 100 was up 0.3% by 0802 GMT, led by financial, energy and consumer discretionary stocks, as Asian shares hit a record high following positive vaccine news.

Published 09 Dec, 2020 01:35pm

World

Britain wants to find a way to get a post-Brexit deal: Ireland's Coveney

"Tomorrow is pivotal," Coveney told Irish national broadcaster RTE, referring to a meeting on Wednesday between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen.

Published 09 Dec, 2020 11:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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