Trends - Brexit - Business Recorder

Brexit

EU vows 'final push' in UK trade talks but fish rift threatens deal

"We are really in a crucial moment. We are giving it a final push," said the negotiator, Michel Barnier, as he arrived to update the bloc's 27 national envoys on Brexit.

Published 23 Dec, 2020 01:24am

Business & Finance

Ryanair cancels 12 UK routes over CAA 'policy shift'

Ryanair did not say in its statement what policy changes the CAA had made.

Published 22 Dec, 2020 01:42am

Markets

UK 2-year gilt yield hits record low after new COVID crackdown

The yield on two-year gilts - which is sensitive to speculation about Bank of England interest rates - fell as low as -0.161% before recovering to -0.138% at 1017 GMT, down about six basis points on the day.

Published 21 Dec, 2020 03:54pm

World

Britain, EU tell each other to give way in 'difficult' trade talks

With less than two weeks before Britain leaves the EU’s orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas.
The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc’s market of 450 million consumers.

Published 21 Dec, 2020 11:45am

World

Between Brexit and coronavirus, UK togetherness is fraying

In Dublin, republican Sinn Fein leader Mary Lou McDonald said Brexit had raised "fundamental questions around the wisdom and the sustainability of the partition of our island".

Published 21 Dec, 2020 11:30am

World

French President Macron: will continue to work on Brexit despite COVID illness

“I am working at a slightly slower pace because of the virus, but I shall continue to focus on high-priority issues, such as our handling of the epidemic, or for example the Brexit dossier,” said Macron.

Published 18 Dec, 2020 09:34pm

Business & Finance

JPMorgan ups odds of a Brexit deal to 70pc from 60pc

“In our view, solutions to all of the issues listed above which both sides would be able to live can be designed, even if the process of getting to them is difficult.”

Published 18 Dec, 2020 05:32pm

Markets

Sterling drops as EU's Barnier says just hours left for Brexit deal

The pound hit 2-1/2 yeah highs above $1.36 on Thursday, but Friday's trading session served as a reminder that a deal is far from guaranteed.

Published 18 Dec, 2020 04:56pm

World

Brexit trade talks enter desperate 'final hours'

The European Parliament has demanded that it see the text of any accord by Sunday at the latest, and the UK government says it will not allow talks to go beyond December 31.

Published 18 Dec, 2020 04:53pm

Markets

Dollar consolidates losses after week-long drubbing

The dollar rebounded as much as half a percent against the yen to 103.595 yen but remains 0.5pc down versus the Japanese currency for the week.

Updated 18 Dec, 2020 05:03pm

Markets

European shares slip as Brexit, U.S.-China trade worries simmer

Dutch health technology firm Philips rose 1.3pc after it agreed to buy U.S. cardiac diagnostics and monitoring firm BioTelemetry in a deal worth $2.8 billion.

Published 18 Dec, 2020 03:25pm

World

EU's Barnier says ‘extremely difficult’ to agree fishing rights in UK trade talks

While Barnier said the sides were striving at an agreement, he said the 27-nation bloc would not sign a deal that would undercut its cherished single market of 450 million consumers.

Published 18 Dec, 2020 02:35pm

World

Britain, EU strike pessimistic tone in post-Brexit trade talks

Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
Just over two weeks before Britain finally leaves the bloc’s orbit, European Commission President Ursula von der Leyen was also downbeat, saying it would be “very challenging” to overcome the “big differences” that remained.

Published 18 Dec, 2020 11:21am

Markets

Bank of England ready to tolerate a Brexit inflation spike

The BoE said it was ready to accept inflation rising temporarily above its 2pc target if a no-deal Brexit caused sterling to fall sharply.

Published 17 Dec, 2020 08:56pm

Markets

Dollar gets global beating as stimulus, Brexit boost risk appetite

The dollar index fell as low as 89.767 against a basket currencies, breaking below 90 for the first time since April 2018.

Published 17 Dec, 2020 08:35pm

World

EU does not expect UK trade deal by Friday

The EU sources said that any agreement that could emerge would produce a "differentiated" system on fishing quotas, but did not expect that to happen by Friday.

Published 17 Dec, 2020 08:09pm

World

Barnier says Brexit talks progress but UK less optimistic

An EU official, who declined to be named, said disagreements over fisheries were not yet resolved, and many more minor issues still required "polishing".

Published 17 Dec, 2020 05:13pm

Markets

Sterling rises above $1.36 on renewed Brexit trade deal hopes

The pound is benefiting from an improvement in the narrative on the chances of a Brexit trade deal this week, almost a year after Britain formally left the European Union.

Published 17 Dec, 2020 04:52pm

World

UK's Patel says on Brexit: we're in 'tunnel' of negotiations

The United Kingdom will work flat out for a Brexit trade deal and the two sides are in “tunnel” negotiations but if a deal with the European Union is not possible then the country will be prepared, interior minister Priti Patel said on Thursday.
The “tunnel” is a term for an intense final stage of secretive, make-or-break negotiations.

Updated 17 Dec, 2020 03:40pm

World

As Brexit looms, British hauliers fear bumps in the road

Haulage companies will probably require an international permit to travel through EU member countries, called an ECMT.

Published 17 Dec, 2020 12:06pm

Markets

Bank of England set to wait for end to Brexit stand-off

The BoE's bond-buying programme is widely seen as its most likely weapon should it need to return to the stimulus pumps.

Published 17 Dec, 2020 10:55am

Markets

Dollar in doldrums as progress on US stimulus, Brexit deals dent safety bid

Bitcoin traded at $21,342 after smashing through the $20,000 barrier for the first time overnight, and extending as high as $21,420 on Thursday.

Published 17 Dec, 2020 10:44am

Markets

Asian markets drift as dealers track US stimulus, Brexit talks

While markets are stuttering this month heading into the Christmas break, Brian Nick at Nuveen sounded a note of optimism.

Published 17 Dec, 2020 08:58am

Markets

Gold near 1-week high on growing prospects of US stimulus

Britain and the European Union have moved closer to sealing a new trade deal but it was still unclear if they would succeed, the bloc's chief executive said on Wednesday.

Published 17 Dec, 2020 08:48am

World

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

Merkel said negotiations would continue "until the end of this week to see if a solution can still be found".

Published 17 Dec, 2020 01:50am

World

UK's Johnson says a good Brexit trade deal can be done but EU knows parameters

"We've just got to make sure that we control our own laws, and control our own waters, and there's a good deal there to be done but if not, WTO/Australia terms it is."

Published 16 Dec, 2020 09:10pm

Markets

Euro rises to highest in more than two years as optimism builds

The euro has risen nearly 13pc since the European Union announced a recovery fund in May.

Published 16 Dec, 2020 07:14pm

Business & Finance

Facebook to move UK users to California terms, avoiding EU privacy rules

Those companies and others have European head offices in Dublin, and the UK's exit from the EU will change its legal relationship with Ireland, which remains in the Union.

Published 16 Dec, 2020 06:54pm

Business & Finance

Euro zone bond yields edge up on positive PMI surprises

French business activity unexpectedly also almost returned to growth this month as some coronavirus restrictions were eased and the manufacturing sector saw a minor rebound.

Published 16 Dec, 2020 05:56pm

Markets

Euro rises above $1.22 for first time in more than two years

The euro has been gaining since the European Union announced a recovery fund in May, rising nearly 13pc since then.

Published 16 Dec, 2020 05:51pm

Gainers
Losers
Leaders

Stock	Price
Quetta Textile / Mar 4 Quetta Textile Mills Limited(QUET)	9.40 ▲ 0.90 (10.59%)
Olympia Mills / Mar 4 Olympia Mills Limited(OML)	12.10 ▲ 1.00 (9.01%)
Fazal Cloth / Mar 4 Fazal Cloth Mills Limited(FZCM)	261.74 ▲ 18.26 (7.50%)
Indus Dyeing / Mar 4 Indus Dyeing & Manufacturing Co. Limited(IDYM)	800.57 ▲ 55.85 (7.50%)
Janana D Mal / Mar 4 Janana De Malucho Textile Mills Limited(JDMT)	100.62 ▲ 7.02 (7.50%)
Sunrays Tex. / Mar 4 Sunrays Textile Mills Limited(SUTM)	1074.57 ▲ 74.96 (7.50%)
Crescent Cotton / Mar 4 Crescent Cotton Mills Limited(CCM)	46.22 ▲ 3.22 (7.49%)
Chashma / Mar 4 Chashma Sugar Mills Limited(CHAS)	69.42 ▲ 4.84 (7.49%)
Flying Cement Ltd / Mar 4 Flying Cement Company Limited(FLYNG)	15.79 ▲ 1.10 (7.49%)
Mirpurkhas Sugar / Mar 4 Mirpurkhas Sugar Mills Limited(MIRKS)	97.44 ▲ 6.79 (7.49%)

Stock	Price
Kohinoor Energy / Mar 4 Kohinoor Energy Limited(KOHE)	35.35 ▲ -7.64 (-17.77%)
Bankislami Pak / Mar 4 BankIslami Pakistan Limited(BIPL)	10.50 ▲ -1.74 (-14.22%)
First Cap. Sec. / Mar 4 First Capital Securities Corporation(FCSC)	1.81 ▲ -0.29 (-13.81%)
Premier Ins. / Mar 4 Premier Insurance Limited(PINL)	3.93 ▲ -0.57 (-12.67%)
Orient Rental Mod / Mar 4 Orient Rental Modaraba(ORM)	6.01 ▲ -0.69 (-10.30%)
First UDL Mod. / Mar 4 First UDL Modaraba(FUDLM)	10.38 ▲ -1.17 (-10.13%)
J.A.Textile / Mar 4 J.A. Textile Mills Limited(JATM)	9.42 ▲ -1.00 (-9.60%)
Pervez Ahmed Cons. / Mar 4 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.27 ▲ -0.13 (-9.29%)
Crescent Star / Mar 4 Crescent Star Insurance Limited(CSIL)	2.75 ▲ -0.28 (-9.24%)
First Equity Mod. / Mar 4 First Equity Modaraba(FEM)	3.65 ▲ -0.35 (-8.75%)

Stock	Volume
K-Electric Ltd / Mar 4 K-Electric Limited(KEL)	33,102,000 ▼ 0.00
Ghani Global Hold. / Mar 4 Ghani Global Holdings Limited(GGL)	28,624,000 ▼ 0.00
TRG Pak. / Mar 4 TRG Pakistan Limited(TRG)	25,820,392 ▼ 0.00
Byco Petr. / Mar 4 Byco Petroleum Pakistan Limited(BYCO)	22,407,500 ▼ 0.00
Worldcall / Mar 4 Worldcall Telecom Limited(WTL)	18,326,500 ▼ 0.00
Unity Foods / Mar 4 Unity Foods Limited(UNITY)	16,842,931 ▼ 0.00
Pakistan Refinery / Mar 4 Pakistan Refinery Limited(PRL)	16,687,000 ▼ 0.00
Azgard Nine / Mar 4 Azgard Nine Limited(ANL)	14,779,500 ▼ 0.00
Hum Network / Mar 4 Hum Network Limited(HUMNL)	13,053,000 ▼ 0.00
Maple Leaf / Mar 4 Maple Leaf Cement Factory Limited(MLCF)	12,063,046 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 4	157.10
USD PKR Interbank Buying / Mar 4	157.00
USD to Japanese Yen / Mar 4	107.03
USD to Swiss Franc / Mar 4	0.92
Pound Sterling to USD / Mar 4	1.39
Euro to USD / Mar 4	1.21
UK LIBOR % / Mar 4	0.08

Stock	Volume
S&P 500 / Mar 4	3819.72
India Sensex / Mar 4	51444.65
Tokyo Nikkei / Mar 4	29559.10
Nasdaq / Mar 4	12997.75
Hang Seng / Mar 4	2988.42
FTSE 100 / Mar 4	6675.47
Dow Jones / Mar 4	31270.09
Germany DAX 30 / Mar 4	14080.03
France CAC40 / Mar 4	5830.06

Item	Value
Crude Oil / Mar 4	60.74
Karachi Cotton Assoc. / Mar 4	12200.00
Gold 10 Grams / Mar 4	94564.00
Gold Spot / Mar 4	1708.00
Cotton / Mar 4	88.45

Brexit

EU vows 'final push' in UK trade talks but fish rift threatens deal

Ryanair cancels 12 UK routes over CAA 'policy shift'

UK 2-year gilt yield hits record low after new COVID crackdown

Britain, EU tell each other to give way in 'difficult' trade talks

Between Brexit and coronavirus, UK togetherness is fraying

French President Macron: will continue to work on Brexit despite COVID illness

JPMorgan ups odds of a Brexit deal to 70pc from 60pc

Sterling drops as EU's Barnier says just hours left for Brexit deal

Brexit trade talks enter desperate 'final hours'

Dollar consolidates losses after week-long drubbing

European shares slip as Brexit, U.S.-China trade worries simmer

EU's Barnier says ‘extremely difficult’ to agree fishing rights in UK trade talks

Britain, EU strike pessimistic tone in post-Brexit trade talks

Bank of England ready to tolerate a Brexit inflation spike

Dollar gets global beating as stimulus, Brexit boost risk appetite

EU does not expect UK trade deal by Friday

Barnier says Brexit talks progress but UK less optimistic

Sterling rises above $1.36 on renewed Brexit trade deal hopes

UK's Patel says on Brexit: we're in 'tunnel' of negotiations

As Brexit looms, British hauliers fear bumps in the road

Bank of England set to wait for end to Brexit stand-off

Dollar in doldrums as progress on US stimulus, Brexit deals dent safety bid

Asian markets drift as dealers track US stimulus, Brexit talks

Gold near 1-week high on growing prospects of US stimulus

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

UK's Johnson says a good Brexit trade deal can be done but EU knows parameters

Euro rises to highest in more than two years as optimism builds

Facebook to move UK users to California terms, avoiding EU privacy rules

Euro zone bond yields edge up on positive PMI surprises

Euro rises above $1.22 for first time in more than two years

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