Trends - Brexit - Business Recorder

Brexit

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

Markets

Pound teeters, dollar dithers as traders look to Brussels

"Broad positioning is short sterling, but not at extremes by any means. This limits the prospect we get an exaggerated short-covering rally to say $1.3800 or $1.4000."

Published 09 Dec, 2020 10:25am

World

EU Commission says Brexit talks could continue into 2021

f that deal is not in place on January 1, then we have a no-deal situation. That does not exclude that negotiations can continue, from our side.

Published 08 Dec, 2020 06:35pm

World

EU's Barnier says Brexit talks need patience

"I just met David Frost this morning to prepare the next steps," Barnier said on Tuesday.

Published 08 Dec, 2020 06:34pm

World

UK PM Johnson says a moment may come when its game over on Brexit

"We will prosper mightily under any version and if we have to go for an Australian solution then that's fine too."

Published 08 Dec, 2020 04:33pm

Markets

Sterling clings to hopes of a Brexit breakthrough in Brussels

However, sterling recouped most of the previous session's sharp drop after the announcement of the meeting in Brussels.

Updated 08 Dec, 2020 07:08pm

World

Deal or no deal, Britain to pay high price for Brexit

Fast forward four and a half years, and the business community is still urging the government to do everything within its power to avert a cliff-edge no-deal departure.

Published 08 Dec, 2020 12:02pm

World

Post-Brexit borders to divide EU, UK citizens

Even Britons settled under the Withdrawal Agreement will no longer have automatic rights to a different EU country, and will face national immigration laws if they want to do so.

Published 08 Dec, 2020 11:58am

World

UK says ready to revise Brexit legislation after EU protests

The bill has provoked an EU court process because the clauses would unilaterally rewrite the divorce treaty.

Published 08 Dec, 2020 01:33am

World

UK's Johnson ready to pull out of Brexit talks, The Sun says

“Today he will tell the EU he is not for turning as he vows to stand firm against 11th-hour Brexit demands from France,” says British publication.

Published 07 Dec, 2020 06:43pm

World

UK minister Gove heads to Brussels amid Brexit deadlock

The planned talks were confirmed by Sefcovic, who said he and Gove would discuss the Northern Ireland Protocol under Britain's EU divorce treaty.

Published 07 Dec, 2020 03:53pm

World

Decision time nears as Brexit talks enter endgame

Barnier and Frost will resume face-to-face talks later on Monday before reporting back to their respective bosses, EU chief Ursula von der Leyen and UK Prime Minister Boris Johnson.

Published 07 Dec, 2020 03:49pm

EU's Barnier says no UK deal yet: diplomatic source

Updating the EU envoys from 0630 GMT, Barnier said the three most contentious issues in the negotiations have not yet been resolved, according to the diplomat, who was taking part in the closed-door briefing.

Published 07 Dec, 2020 12:30pm

World

Brexit deal closer after 'major breakthrough' on talks on fishing rights: Guardian

The breakthrough made on Sunday night leaves a Franco-German demand that Britain follow EU laws as the final hurdle to a historic trade and security deal.

Published 07 Dec, 2020 08:32am

Last-ditch effort to save Brexit trade talks from failure

"We know that 100 percent access to fishing waters in the UK maritime zone is finished," European Affairs minister Clement Beaune told le Journal du Dimanche.

Updated 06 Dec, 2020 06:22pm

World

PM Johnson and EU chief seek to break Brexit impasse

If the two sides fail to reach a deal, the five-year Brexit divorce will end messily just as Britain and Europe grapple with the vast economic cost of the COVID-19 outbreak. *“We keep calm, as always, and if there is still a way, we will see,” EU chief negotiator Michel Barnier told broadcasters in London as he left for Brussels.

Published 05 Dec, 2020 07:59pm

World

EU's Barnier says still looking for a way to do UK trade deal

"We keep calm, as always, and if there is still a way, we will see," he told broadcasters in London as he entered the train station to head back to Brussels after talks were paused.

Published 05 Dec, 2020 03:58pm

World

British PM Johnson to speak to EU chief as Brexit talks stall

If the two sides fail to reach a deal, the five-year Brexit divorce will end messily just as Britain and Europe grapple with the vast economic cost of the COVID-19 outbreak.

Published 05 Dec, 2020 03:51pm

World

UK hangs tough on sovereignty as Brexit trade talks near climax

European Union officials stated that a post-Brexit trade deal could finally be clinched this weekend.
London insisted that negotiations were still “very difficult” and it was determined to “take back control” from the bloc it left 10 months ago.

Published 04 Dec, 2020 08:14pm

Business & Finance

Bank of England's Saunders says floor for rates might be just below zero

Members of the BoE's Monetary Policy Committee have expressed differing views over the suitability for Britain of negative rates, which have been used in other European countries and in Japan.

Published 04 Dec, 2020 06:12pm

Markets

Sterling reverses losses after EU official sees ‘imminent’ Brexit deal

The British currency is see-sawing, sometimes wildly, on comments from UK and EU officials on the likelihood of a deal as the final Brexit deadline looms.

Published 04 Dec, 2020 06:04pm

World

Swiss approve agreement on service workers mobility with Britain

The agreement, which also contains provisions on the recognition of professional qualifications, replaces the current measures on free movement of people which lapses on Jan.1.

Published 04 Dec, 2020 05:36pm

World

Brexit briefing for EU envoys cancelled due to ‘intensive negotiations’

An update on the latest in Brexit trade talks by EU negotiator Michel Barnier for national envoys to the bloc will not go ahead on Friday "due to the ongoing intensive negotiations in London".

Published 04 Dec, 2020 05:32pm

World

Time is running out for Brexit trade deal, UK minister says

With just over four weeks left until the United Kingdom finally exits the EU’s orbit on Dec. 31, both sides are demanding concessions from the other on fishing, state aid and how to resolve any future disputes.

Published 30 Nov, 2020 01:48pm

World

Britain expects 'very significant' week for Brexit talks as clock ticks down

“This is a very significant week, the last real major week, subject to any further postponement... we’re down to really two basic issues,” EU negotiator Michel Barnier said.

Published 30 Nov, 2020 09:37am

World

Fishing rights top of the menu as Brexit talks continue

A no-deal scenario is widely expected to cause economic chaos, with customs checks required at borders.

Updated 29 Nov, 2020 06:42pm

World

Brexit negotiations restart in person as clock ticks down

EU negotiator Michel Barnier arrived for talks in London on Saturday morning. He said on Friday night that he was “very happy” to be back in the city and would keep working with “patience and determination”.

Published 28 Nov, 2020 03:26pm

Markets

Brexit trade deal outcome: what's in it for UK markets

An unexpected failure to agree could end the rally in UK stocks and sterling that has followed recent positive COVID-19 vaccine updates.

Published 21 Nov, 2020 10:15am

World

Brexit deal still snagged on three main issues, EU envoys told

"We are both close and far away. It seems that we are very close to agreement on most issues but differences on the three contentious issues persist,"

Published 20 Nov, 2020 05:03pm

World

Post-Brexit talks enter crunch week with failure looming

The EU is worried about how Britain will subsidise companies.
Too much taxpayer largesse could prove unfair towards firms in Europe, where state aid oversight is strict.

Published 15 Nov, 2020 05:13pm

Gainers
Losers
Leaders

Stock	Price
Tri-Star Poly / Mar 2 Tri-Star Polyester Limited(TRPOL)	10.46 ▲ 1.64 (18.59%)
KASB Mod. / Mar 2 KASB Modaraba(KASBM)	3.24 ▲ 0.44 (15.71%)
Fazal Cloth / Mar 2 Fazal Cloth Mills Limited(FZCM)	226.50 ▲ 30.50 (15.56%)
Indus Dyeing / Mar 2 Indus Dyeing & Manufacturing Co. Limited(IDYM)	692.77 ▲ 93.29 (15.56%)
Tandlianwala / Mar 2 Tandlianwala Sugar Mills Limited(TSML)	169.91 ▲ 22.87 (15.55%)
Sunrays Tex. / Mar 2 Sunrays Textile Mills Limited(SUTM)	929.87 ▲ 124.63 (15.48%)
S. S. Oil / Mar 2 S.S.Oil Mills Limited(SSOM)	98.00 ▲ 12.00 (13.95%)
Frontier Cer. / Mar 2 Frontier Ceramics Limited(FRCL)	34.76 ▲ 3.77 (12.17%)
Mughal Iron / Mar 2 Mughal Iron & Steel Industries Limited(MUGHAL)	119.75 ▲ 11.57 (10.70%)
Ghani Global Hold. / Mar 2 Ghani Global Holdings Limited(GGL)	16.48 ▲ 1.41 (9.36%)

Stock	Price
First Punjab Mod. / Mar 2 First Punjab Modaraba(FPJM)	3.10 ▲ -0.85 (-21.52%)
Quetta Textile / Mar 2 Quetta Textile Mills Limited(QUET)	8.50 ▲ -1.49 (-14.91%)
J.A.Textile / Mar 2 J.A. Textile Mills Limited(JATM)	11.42 ▲ -2.00 (-14.90%)
Khyber Tob / Mar 2 Khyber Tobacco Company Limited(KHTC)	429.83 ▲ -72.52 (-14.44%)
Fecto Cement / Mar 2 Fecto Cement Limited(FECTC)	32.09 ▲ -5.41 (-14.43%)
Sana Ind. / Mar 2 Sana Industries Limited(SNAI)	54.27 ▲ -9.14 (-14.41%)
Tri-Star / Mar 2 Tri-Star Mutual Fund Limited(TSMF)	5.11 ▲ -0.82 (-13.83%)
Pak Datacom Ltd / Mar 2 Pak Datacom Limited(PAKD)	99.00 ▲ -15.18 (-13.29%)
Sakrand Sugar / Mar 2 Sakrand Sugar Mills Limited(SKRS)	8.49 ▲ -1.14 (-11.84%)
Jubilee Sp. / Mar 2 Jubille Spinning & Weaving Mills Limited(JUBS)	4.85 ▲ -0.65 (-11.82%)

Stock	Volume
TRG Pak. / Mar 2 TRG Pakistan Limited(TRG)	38,078,303 ▼ 0.00
Azgard Nine / Mar 2 Azgard Nine Limited(ANL)	31,723,500 ▼ 0.00
Aisha Steel / Mar 2 Aisha Steel Mills Limited(ASL)	29,521,000 ▼ 0.00
Byco Petr. / Mar 2 Byco Petroleum Pakistan Limited(BYCO)	29,395,500 ▼ 0.00
Unity Foods / Mar 2 Unity Foods Limited(UNITY)	21,189,731 ▼ 0.00
Hum Network / Mar 2 Hum Network Limited(HUMNL)	20,527,500 ▼ 0.00
Ghani Global Hold. / Mar 2 Ghani Global Holdings Limited(GGL)	17,518,000 ▼ 0.00
Maple Leaf / Mar 2 Maple Leaf Cement Factory Limited(MLCF)	12,115,118 ▼ 0.00
Telecard / Mar 2 Telecard Limited(TELE)	10,265,500 ▼ 0.00
K-Electric Ltd / Mar 2 K-Electric Limited(KEL)	9,206,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 2	158.00
USD PKR Interbank Buying / Mar 2	157.90
USD to Japanese Yen / Mar 2	106.88
USD to Swiss Franc / Mar 2	0.92
Pound Sterling to USD / Mar 2	1.39
Euro to USD / Mar 2	1.20
UK LIBOR % / Mar 2	0.08

Stock	Volume
S&P 500 / Mar 2	3901.82
India Sensex / Mar 2	49849.84
Tokyo Nikkei / Mar 2	29892.14
Nasdaq / Mar 2	13588.83
Hang Seng / Mar 2	29452.57
FTSE 100 / Mar 2	6588.53
Dow Jones / Mar 2	31535.51
Germany DAX 30 / Mar 2	14012.82
France CAC40 / Mar 2	5792.79

Item	Value
Crude Oil / Mar 2	60.12
Karachi Cotton Assoc. / Mar 2	11900.00
Gold 10 Grams / Mar 2	94564.00
Gold Spot / Mar 2	1724.90
Cotton / Mar 2	91.57

Brexit

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

Pound teeters, dollar dithers as traders look to Brussels

EU Commission says Brexit talks could continue into 2021

EU's Barnier says Brexit talks need patience

UK PM Johnson says a moment may come when its game over on Brexit

Sterling clings to hopes of a Brexit breakthrough in Brussels

Deal or no deal, Britain to pay high price for Brexit

Post-Brexit borders to divide EU, UK citizens

UK says ready to revise Brexit legislation after EU protests

UK's Johnson ready to pull out of Brexit talks, The Sun says

UK minister Gove heads to Brussels amid Brexit deadlock

Decision time nears as Brexit talks enter endgame

EU's Barnier says no UK deal yet: diplomatic source

Brexit deal closer after 'major breakthrough' on talks on fishing rights: Guardian

Last-ditch effort to save Brexit trade talks from failure

PM Johnson and EU chief seek to break Brexit impasse

EU's Barnier says still looking for a way to do UK trade deal

British PM Johnson to speak to EU chief as Brexit talks stall

UK hangs tough on sovereignty as Brexit trade talks near climax

Bank of England's Saunders says floor for rates might be just below zero

Sterling reverses losses after EU official sees ‘imminent’ Brexit deal

Swiss approve agreement on service workers mobility with Britain

Brexit briefing for EU envoys cancelled due to ‘intensive negotiations’

Time is running out for Brexit trade deal, UK minister says

Britain expects 'very significant' week for Brexit talks as clock ticks down

Fishing rights top of the menu as Brexit talks continue

Brexit negotiations restart in person as clock ticks down

Brexit trade deal outcome: what's in it for UK markets

Brexit deal still snagged on three main issues, EU envoys told

Post-Brexit talks enter crunch week with failure looming

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