Trends - China - Business Recorder

China

China sees COP28 progress on fossil fuels

DUBAI: China said Saturday it saw progress at COP28 climate talks in a dispute over the future of fossil fuels, as...

Published 09 Dec, 2023 07:13pm

Life & Style

In China’s slowing beauty market, big brand discounts won’t cut it

SHANGHAI: Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she...

Published 08 Dec, 2023 06:18pm

Markets

China blue-chip stocks fall to a near 5-year low

SHANGHAI: China’s blue-chip shares closed down at a nearly five-year low on Thursday, and Hong Kong stocks also...

Published 08 Dec, 2023 05:20am

Business & Finance

ASEAN+3 agree on new financing facility to fend off crisis

TOKYO: Deputies of the ASEAN+3 group of nations agreed on Thursday to set up a new regional lending facility to...

Published 08 Dec, 2023 05:20am

Business & Finance

China and EU leaders agree on need of ‘balanced’ trade ties

BEIJING: China and the European Union agreed their trade relationship should be more balanced at their first...

Published 08 Dec, 2023 05:20am

World

China’s Xi to visit Vietnam next week

BEIJING: Chinese President Xi Jinping will visit neighbouring Vietnam next week to push for deeper ties between the...

Published 07 Dec, 2023 05:55pm

World

EU tells China ‘differences’ must be addressed

BEIJING: EU President Ursula von der Leyen told Chinese leader Xi Jinping on Thursday that the bloc and its biggest...

Published 07 Dec, 2023 05:29pm

World

Singapore, China plan reciprocal 30-day visa-free entry

Singapore and China will put in place a 30-day mutual visa exemption agreement early next year, the Singapore...

Published 07 Dec, 2023 05:09pm

Pakistan

Soaring pollution in Pakistan’s Lahore fills wards with sick children

LAHORE: In the packed paediatric emergency room of a Lahore public hospital, parents holding sick children lined up...

Published 07 Dec, 2023 11:30am

World

China launches world’s first fourth-generation nuclear reactor

BEIJING: China began commercial operations of the world’s first next-generation, gas-cooled nuclear reactor power...

Published 06 Dec, 2023 08:00pm

World

Italy withdraws from China’s Belt and Road project

ROME: Italy has withdrawn from China’s vast Belt and Road infrastructure initiative, more than four years after...

Published 06 Dec, 2023 06:03pm

Business & Finance

Chinese media calls Moody’s ‘biased’, govt reaction seen more restrained

BEIJING: Chinese state media called Moody’s “biased” on Wednesday for its negative rating outlook on the world’s No....

Published 06 Dec, 2023 02:38pm

World

2023 to be hottest year on record after ‘extraordinary’ November

PARIS: This year will be the hottest in recorded history after an “extraordinary” November became the sixth...

Published 06 Dec, 2023 12:52pm

Markets

China blue-chip stocks hit 5-year lows, yuan eases after Moody’s move

SHANGHAI: China’s blue-chip stocks slumped to an almost five-year trough on Wednesday while the yuan currency...

Published 06 Dec, 2023 11:45am

Technology

Nvidia to develop new chips that comply with US export regulations

SINGAPORE: Nvidia will continue to develop a new set of products that comply with US government regulations...

Published 06 Dec, 2023 09:41am

Business & Finance

Moody’s downgrades outlook on China credit rating over debt fears

BEIJING: Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” ...

Published 06 Dec, 2023 04:27am

World

China says Afghan Taliban must reform before full diplomatic ties

BEIJING: China said on Tuesday Afghanistan’s Taliban government will need to introduce political reforms, improve...

Published 06 Dec, 2023 04:27am

World

EU chief warns China on trade gap ahead of summit

BRUSSELS: European Union member states won’t tolerate their growing trade imbalance with China forever, EU chief...

Published 05 Dec, 2023 05:28pm

Business & Finance

Moody’s cuts China’s credit outlook to negative

Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable,...

Published 05 Dec, 2023 01:15pm

World

China accuses US of ‘stirring up’ South China Sea tensions

BEIJING: China on Monday said the United States was responsible for “deliberate stirring up” of tensions in the...

Published 05 Dec, 2023 03:01am

World

China willing to continue strengthening cooperation with Belarus: state media

BEIJING: China is willing to continue strengthening its strategic cooperation with Belarus, President Xi Jinping was...

Published 04 Dec, 2023 11:46am

World

Belarus President Lukashenko to visit China from Sunday

Belarusian President Alexander Lukashenko would make a working visit to China from Sunday to Monday, Belarusian...

Published 03 Dec, 2023 11:44am

World

Afghanistan’s Taliban sends new ambassador to Beijing

Afghanistan’s Taliban administration has appointed a former spokesperson as ambassador to China, the foreign affairs...

Published 01 Dec, 2023 06:11pm

World

China seeks ‘concrete’ roadmap for two-state solution to solve Gaza conflict

BEIJING: China called on the United Nations Security Council on Thursday to formulate a “concrete” timetable and...

Published 01 Dec, 2023 04:43am

Markets

China stocks end nearly flat on PMI data

SHANGHAI: China stocks closed nearly flat on Thursday after downbeat manufacturing data, with investors calling for...

Published 01 Dec, 2023 04:43am

Business & Finance

Maritime Dialogue: Pakistan, China agree to maintain momentum of bilateral exchanges

ISLAMABAD: Pakistan and China have emphasised the need to advance practical cooperation to jointly respond to...

Published 01 Dec, 2023 04:43am

World

Henry Kissinger, singular US diplomat, dead at 100

WASHINGTON: Henry Kissinger, the former US secretary of state whose unapologetic promotion of raw American power...

Updated 30 Nov, 2023 04:26pm

World

China calls for immediate ‘sustained humanitarian truce’ in Israel-Hamas conflict

BEIJING: China on Thursday called for a “sustained humanitarian truce” in the Israel-Hamas conflict, in a foreign...

Updated 30 Nov, 2023 12:22pm

Technology

China’s Didi Global app disruption due to software failure, not cyberattack

BEIJING: China’s Didi Global ride-hailing app was disrupted earlier this week by an underlying system software...

Published 29 Nov, 2023 10:39am

World

‘Tax the bad’ to boost climate finance, COP28 panel advises

Increasing taxes on polluting activities and cutting fossil fuel subsidies could generate trillions of dollars to...

Published 29 Nov, 2023 10:17am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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