Trends - Brexit - Business Recorder

Brexit

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

Markets

Upbeat EU soundings on Brexit nudge pound higher

The EU's chief executive said on Wednesday she could not say if there would be a trade deal with Britain but there had been progress and the next few days would be critical.

Published 16 Dec, 2020 05:48pm

World

EU chief says UK trade pact closer but success not certain

Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on Wednesday.
Britain and the EU are in the final stretch of talks to keep an estimated one trillion dollars of annual trade free of tariffs and quotas beyond Dec. 31, when the United Kingdom finally transitions out of the world’s largest trading bloc.

Published 16 Dec, 2020 05:38pm

Markets

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

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jul 6 Tri-Star Power Limited(TSPL)	4.70 ▲ 1.00 (27.03%)
F.Credit & Inv / Jul 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ 1.00 (22.17%)
SME Leasing Ltd / Jul 6 SME Leasing Limited(SLL)	2.18 ▲ 0.33 (17.84%)
Kohinoor Power / Jul 6 Kohinoor Power Company Limited(KOHP)	4.36 ▲ 0.59 (15.65%)
S.G.Power / Jul 6 S.G. Power Limited(SGPL)	5.30 ▲ 0.67 (14.47%)
Dewan Sugar / Jul 6 Dewan Sugar Mills Limited(DWSM)	2.49 ▲ 0.24 (10.67%)
Unicap Modaraba / Jul 6 Unicap Modaraba(UCAPM)	1.75 ▲ 0.16 (10.06%)
Land Mark Spinning / Jul 6 Landmark Spinning Industries Limited(LMSM)	13.00 ▲ 1.00 (8.33%)
Balochistan Glass / Jul 6 Balochistan Glass Limited(BGL)	9.05 ▲ 0.66 (7.87%)
Mod.Al-Mali / Jul 6 Modaraba Al-Mali(MODAM)	6.90 ▲ 0.50 (7.81%)

Stock	Price
First Fidelity Leas. / Jul 6 First Fidelity Leasing Modaraba(FFLM)	2.51 ▲ -0.86 (-25.52%)
Tri-Star Mutual / Jul 6 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ -1.00 (-17.09%)
Zephyr Textile / Jul 6 Zephyr Textiles Limited(ZTL)	10.00 ▲ -0.90 (-8.26%)
AKD Hospitality / Jul 6 AKD Hospitality Limited(AKDHL)	163.77 ▲ -13.27 (-7.50%)
K.S.B.Pumps / Jul 6 KSB Pumps Company Limited(KSBP)	130.74 ▲ -10.60 (-7.50%)
Punjab Oil / Jul 6 Punjab Oil Mills Limited(POML)	172.84 ▲ -14.01 (-7.50%)
TPL Insurance / Jul 6 TPL Insurance Limited(TPLI)	30.60 ▲ -2.47 (-7.47%)
Mehmood Tex / Jul 6 Mehmood Textile Mills Limited(MEHT)	840.00 ▲ -60.00 (-6.67%)
Reliance Weaving / Jul 6 Reliance Weaving Mills Limited(REWM)	63.50 ▲ -4.45 (-6.55%)
Bawany Air Products / Jul 6 Bawany Air Products Limited(BAPL)	8.85 ▲ -0.60 (-6.35%)

Stock	Volume
Agritech Limited / Jul 6 Agritech Limited(AGL)	25,038,000 ▼ 0.00
Unity Foods Ltd / Jul 6 Unity Foods Limited(UNITY)	5,378,891 ▼ 0.00
Azgard Nine / Jul 6 Azgard Nine Limited(ANL)	3,598,000 ▼ 0.00
Lotte Chemical / Jul 6 Lotte Chemical Pakistan Limited(LOTCHEM)	3,183,254 ▼ 0.00
Sui North Gas / Jul 6 Sui Northern Gas Pipelines Limited(SNGP)	2,727,149 ▼ 0.00
WorldCall Telecom / Jul 6 Worldcall Telecom Limited(WTL)	2,601,000 ▼ 0.00
Pak Refinery / Jul 6 Pakistan Refinery Limited(PRL)	2,597,652 ▼ 0.00
Fauji Cement / Jul 6 Fauji Cement Company Limited(FCCL)	2,144,000 ▼ 0.00
TPL Properties / Jul 6 TPL Properties Limited(TPLP)	1,949,194 ▼ 0.00
G3 Technologies / Jul 6 G3 Technologies Limited(GTECH)	1,916,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	206.90
USD PKR Interbank Buying / Jul 5	206.70
USD to Japanese Yen / Jul 5	135.24
USD to Swiss Franc / Jul 5	0.97
Pound Sterling to USD / Jul 5	1.20
Euro to USD / Jul 5	1.03
UK LIBOR % / Jul 5	1.57

Stock	Volume
S&P 500 / Jul 5	3831.39
India Sensex / Jul 5	53134.35
Tokyo Nikkei / Jul 5	26077.04
Nasdaq / Jul 5	11322.24
Hang Seng / Jul 5	21621.01
FTSE 100 / Jul 5	7025.47
Dow Jones / Jul 5	30967.82
Germany DAX 30 / Jul 5	12401.20
France CAC40 / Jul 5	5794.96

Item	Value
Crude Oil USD/Barrel / Jul 5	100.33
Karachi Cotton PKR/37.32 KG / Jul 5	16680.00
Gold 10 Grams PKR / Jul 5	118800.00
Gold Spot USD/Ounce / Jul 5	1770.30
Cotton US¢/pound / Jul 5	93.42

Brexit

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