Trends - Brexit - Business Recorder

Brexit

UK, EU resume crunch Brexit talks in London

Britain formally left the bloc in January but remains bound by most of its rules until the end of the year under the terms of its divorce.

Published 09 Nov, 2020 05:52pm

World

Deal or no deal, Northern Ireland faces Brexit trade disruption

There is a risk that widespread disruption could ensue at a time when government and businesses continue to deal with the effects of COVID-19.
One of the most challenging areas will be Northern Ireland which will require some goods arriving from the rest of the UK to be checked in order to protect trade with EU member, Ireland.

Published 06 Nov, 2020 05:25pm

Markets

UK-EU Brexit talks back on as clock ticks to trade deadline

We are ready to welcome the EU team to London to what we would term intensified negotiations, Prime Minister's official spokesman said.

Published 22 Oct, 2020 06:25pm

World

EU will work to last minute get a Brexit trade deal, Sefcovic says

"It has to be a fair agreement for both sides - we are not going to sign an agreement at any cost," Sefcovic told reporters after a meeting with Britain's Brexit supremo Michael Gove in London.

Published 19 Oct, 2020 04:16pm

UK says door remains 'ajar' for post-Brexit trade deal

"The ball is in his court," Gove said of Barnier.

Published 18 Oct, 2020 06:33pm

World

Johnson to set out UK's Brexit approach on Friday, Frost says

Britain left the EU in January and the estranged allies have since been locked in complex negotiations to try to agree a free trade deal for when a status-quo transition period ends on Dec. 31.
The European Union on Thursday said Britain needed to compromise to secure an agreement.

Published 16 Oct, 2020 01:34am

World

Merkel says EU won't let Ireland down over Brexit

"But we have to bear in mind the realities because an agreement has to be in the interests of both sides, in the British interest and in the interest of the EU's 27 member states."

Published 13 Oct, 2020 07:24pm

World

Ireland says hard to see a landing zone in Brexit fishing talks

The current British position "creates a very difficult negotiation and a landing zone that is quite hard to envisage, quite frankly, for now", Coveney told a parliamentary committee.

Published 07 Oct, 2020 04:18pm

World

Brexit trade talks to go on until mid-October EU summit

This week's round of negotiations between the EU and London on a new trade agreement after Brexit, the last scheduled, failed to resolve all the outstanding issues, the sources said.

Published 02 Oct, 2020 06:46pm

World

EU financial services chief will cut off City of London if necessary

After Dec. 31, when a transition deal ahead of a full-blown Brexit ends, financial services companies in Britain will have to access the EU via its "equivalence" system.
The EU has already granted temporary access to UK clearing houses from January under this regulatory regime.

Published 30 Sep, 2020 11:15pm

World

UK nets post-Brexit fisheries deal with Norway

Britain's trade talks with the EU have been deadlocked on key issues including fishing rights.

Published 30 Sep, 2020 08:00pm

Markets

Wealthy Britons step up citizenship shopping to thwart Brexit

Caribbean islands, EU states offering access for investment.
Interest in Cypriot citizenship up 50% y-on-y in Q3- Astons.
EU authorities reviewing investment migration programmes.

Published 26 Sep, 2020 12:12am

World

EU chief negotiator ‘determined’ to get Brexit deal

The EU says because of Britain's proximity to the bloc, London must agree to a so-called level playing field of fair competition guarantees.

Published 23 Sep, 2020 03:22pm

World

Biden warns UK on Brexit: No trade deal unless you respect N. Irish peace pact

US Congress official also cautions Johnson on a trade deal.
British prime minister worried about 'abusive' EU.
EU negotiator Barnier still hopes for a deal – sources.
Societe Generale sees 80% probability of a no deal.

Published 17 Sep, 2020 06:25pm

World

Britain will seek to use treaty breaching powers if EU acts in bad faith

The government is attempting to pass new laws ensuring free trade between Britain's nations.
Johnson reached a compromise with rebels, promising to consult parliament before using the powers.

Published 17 Sep, 2020 05:49pm

Markets

EU to allow coveted euro clearing to stay in London until June 2022

Clearing is a critical foundation for financial markets, ensuring that trillions of pounds in swap trades are safely completed.
Brexit has already prompted banks to shift hundreds of jobs to their EU hubs.

Updated 15 Sep, 2020 08:14pm

World

Germany says UK to suffer if no Brexit deal, not EU

The EU has warned that the contentious legislation has "seriously damaged trust" between the two sides.

Published 12 Sep, 2020 05:56pm

World

Morgan Stanley hikes chance of WTO-style Brexit to 40pc

Morgan Stanley hike chances of WTO-style Brexit outcome to 40%.
Risk higher if hopes build of close US trade deal.
Sees WTO terms wiping 10% off pound, whereas deal would lift it.

Published 11 Sep, 2020 06:44pm

World

In new Brexit turmoil, UK may break law in 'limited way'

Brexit in crisis yet again, sterling heads lower.
UK legal chief quits over threat to withdrawal treaty.
UK tells EU: we're ramping up no-deal preparations.
EU diplomats try to gauge London's appetite for showdown.

Published 08 Sep, 2020 06:23pm

World

Japanese FM in UK for post-Brexit trade talks

UK-Japanese trade was worth more than £30 billion (33 billion euros, $39 billion) last year.

Published 06 Aug, 2020 03:06am

World

UK urges firms to stockpile medicines before Brexit

"We recognise that global supply chains are under significant pressure, exacerbated by recent events with COVID-19," the ministry's chief commercial officer, Steve Oldfield, wrote.

Published 04 Aug, 2020 06:15pm

World

Brexit talks to run into October: UK says

"Negotiating rounds will take place in August and in September, unless agreed otherwise between the parties," according to a document Frost posted on Twitter.

Published 31 Jul, 2020 07:52pm

World

UK govt criticised for 'lack of curiosity' about Russian 'meddling'

A long-awaited report by parliament's Intelligence and Security Committee (ISC) had been expected to shed light on possible Kremlin interference in the landmark vote that saw Britain leave the European Union.

Published 21 Jul, 2020 06:31pm

World

Pompeo arrives in UK to discuss China, 5G and Brexit

Pompeo, who did not speak to reporters on the plane, was due to be greeted by US Ambassador Woody Johnson shortly after landing.
While in London, Secretary Pompeo will meet with Prime Minister Boris Johnson and Foreign Secretary Dominic Raab to discuss global priorities.

Published 21 Jul, 2020 12:02am

World

UK unveils post-Brexit border plans and ad campaign

"It is time for our new start, time for us to embrace a new global destiny," he told lawmakers while unveiling the government's plans.

Published 13 Jul, 2020 09:55pm

World

UK PM clears way for Brexit 'Russian meddling' report

The committee finished the 50-page report in March last year.
The report was cleared by the intelligence agencies in October.

Published 09 Jul, 2020 08:12pm

World

Brexit talks move to London after tough week in Brussels

"The talks this week are slightly more informal in nature," Prime Minister Boris Johnson's spokesman said.

Published 06 Jul, 2020 08:36pm

World

UK formally rejects Brexit extension, backtracks on borders

London and Brussels are racing to agree a new trade deal for when Britain leaves the EU's single market and customs union on December 31, but talks have stalled.

Published 12 Jun, 2020 07:14pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32
France CAC40 / Apr 29	8065.15
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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