Trends - China - Business Recorder

China

Biden picks Clinton adviser Rosenberger as White House China director

Laura Rosenberger, a State Department and White House veteran who was a foreign policy adviser to Hillary Clinton’s unsuccessful 2016 presidential election campaign, will serve as senior director for China in Joe Biden’s White House.
Ties between the United States and China have plunged to the lowest level in decades in the last year of Donald Trump’s presidency.

Published 15 Jan, 2021 02:58pm

Pakistan

Pakistan has not placed any orders for the coronavirus vaccine yet: Report

Top federal government health authorities have confirmed that Pakistan has neither placed any final order yet to acquire the COVID-19 vaccine nor has any vaccine manufacturer accepted the country’s request for supply of the vaccine.
Health authorities in Pakistan are aiming to vaccinate around 100 million of its adult population or at least 70-80 million people.

Updated 15 Jan, 2021 03:09pm

Business & Finance

China bans PIA flights after COVID-19 found in passengers

Confirming the ban by China, PIA spokesman Abdullah Khan said that the report of the COVID-19 test conducted 72 hours ago by passengers traveling from Pakistan to China was negative.

Published 15 Jan, 2021 11:42am

Business & Finance

Rosneft seeks to tempt trading houses into Arctic oil project with supply deals

"It is an issue of risk versus reward, and for some people the maths are still not working," one of the sources said.

Published 15 Jan, 2021 11:13am

Business & Finance

China's new home prices see moderate growth in December

China's property market has recovered quickly from the COVID-19 pandemic thanks to local governments' relaxation on price ceilings and urban-residency permits, while access to mortgages has also become easier.

Published 15 Jan, 2021 11:12am

World

Xi rewrites China's rags to riches tale

The 66-year-old Zhong is currently ranked the 8th richest man in the world, according to a real-time index from Forbes, ahead of former Google head Larry Page and India's Mukesh Ambani.

Published 15 Jan, 2021 10:48am

World

China's new COVID-19 outbreaks

It has sealed off entire cities throughout Hebei province, paying particular attention to the roads connecting Hebei to its neighbour, the Chinese capital Beijing. It is also tracking people who have travelled out of the province since December.

Published 15 Jan, 2021 10:39am

Markets

Asia shares edge higher as Biden unveils $1.9 trln US stimulus plan

Oil prices, which had risen on a weak dollar and strong Chinese import data, were mixed by midday in Asia as COVID-19 concerns in China hit sentiment.

Published 15 Jan, 2021 10:23am

World

China air quality improved in 2020 on lockdowns, tougher quality control

Data for December showed, however, that despite the production hikes, average PM2.5 concentrations fell 3.6% to 53 micrograms per cubic metre.

Published 15 Jan, 2021 10:11am

World

China denies entry to two WHO team members after tests, WSJ says

Chinese officials blocked the duo from boarding their plane to the central Chinese city of Wuhan after they tested positive for the antibodies in blood-based serology tests during transit in Singapore.
“Relevant epidemic prevention control requirements will be strictly enforced,” says Chinese FM spokesperson.

Published 14 Jan, 2021 06:45pm

Business & Finance

China trade surplus with US widens 7.1pc to $317bn in 2020

In December, however, both exports and imports rose more than expected, at 18.1 percent and 6.5 percent respectively.

Published 14 Jan, 2021 05:21pm

World

US envoy chides China in talk with Taiwan leader

China's authoritarian leadership views Taiwan as its own territory and has vowed to seize it one day.

Published 14 Jan, 2021 05:19pm

World

EU companies in China should 'prepare for the worst' in digital decoupling

European companies may be forced to choose between either entirely separate operations in China and the rest of the world, or finding ways to use more "neutral" architecture, said the report.

Published 14 Jan, 2021 12:27pm

World

China reports most new COVID-19 cases in more than 10 months

The number of new asymptomatic cases, which China does not classify as confirmed cases, rose to 78 from 38 a day earlier.

Published 14 Jan, 2021 12:24pm

Business & Finance

China Dec exports rise 18.1% y/y, imports up 6.5%, top forecasts

Imports, meanwhile, grew 6.5% last month from a year earlier, against expectations for a 5% rise and a 4.5% gain in November.

Published 14 Jan, 2021 11:41am

Markets

China shares settle lower on profit-taking; healthcare, consumer stocks down

Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.25%, while Japan's Nikkei index closed up 1.04%.

Published 14 Jan, 2021 11:33am

Markets

China's Dec coal imports triple on month as customs restrictions ease

Increased inflows in December pushed full-year coal purchases to 303.99 million tonnes, the highest level on record, the data showed.

Published 14 Jan, 2021 11:26am

World

WHO's COVID-19 probe team arrives in China's Wuhan, state TV says

The team will spend about a month in the city, including two weeks in quarantine.

Published 14 Jan, 2021 11:01am

Markets

China's 2020 copper imports hit record high

On a full-year basis, concentrate imports missed a new record, with shipments totalling 21.77 million tonnes amid tight mine supply due to coronavirus-related curbs even as China's copper smelting capacity continued to expand.

Published 14 Jan, 2021 10:20am

Markets

China 2020 meat imports close to 10mn tonnes, up 60% on year

Testing of imported chilled foods for the novel coronavirus during the second half of 2020 slowed imports but arrivals still kept up a healthy pace.

Published 14 Jan, 2021 10:05am

World

China reports first virus death in eight months

No details were given about the latest death by the National Health Commission.

Published 14 Jan, 2021 10:04am

Markets

Dalian iron ore futures inch up on restocking outlook, steel profits

China reported its biggest daily jump in new COVID-19 cases in more than 10 months for Jan.13, underscoring the growing threat ahead of a major national holiday.

Published 14 Jan, 2021 09:21am

Business & Finance

Sales of electric vehicles surge in China

Total auto sales in China dropped 1.9 percent to 25.31 million vehicles, but the figure was "better than expected".

Published 13 Jan, 2021 07:56pm

World

Chinese province of 37m declares 'emergency' to control virus

More than 20 million are now under some form of lockdown in the country's northern regions.

Published 13 Jan, 2021 05:51pm

World

U.S. cancels U.N. envoy's trip to Taiwan, citing Biden transition

The U.S. State Department’s cancellation of all travel this week includes a planned visit to Taiwan by U.S. Ambassador to the United Nations Kelly Craft, a State Department spokeswoman said on Tuesday.
Secretary of State Mike Pompeo said on Tuesday that all travel this week had been canceled, including his own trip to Europe, as part of the transition to the incoming Biden administration.

Published 13 Jan, 2021 03:22pm

Markets

Oil prices rally further after crude stocks fall more than expected

That was more than analysts' expectations in a Reuters poll for a fall of 2.3 million barrels.

Published 13 Jan, 2021 01:17pm

Markets

Freezing temperatures push Asian gas prices to new records

If the cold weather abates, prices may be near a peak as demand for heating fuel diminishes, traders and analysts said. Temperatures are expected to rise to above-average in Tokyo, Beijing, Seoul and Shanghai over the next few weeks, weather data from Refinitiv Eikon showed.

Published 13 Jan, 2021 11:09am

Markets

Oil prices extend gains after US inventory drop

Crude inventories in the US dropped by 5.8 million barrels last week to around 484.5 million barrels, data from the American Petroleum Institute showed late on Tuesday.

Published 13 Jan, 2021 11:03am

Markets

Nikkei inches up on upbeat earnings from Yaskawa Electric

The market opened with a slight decline as the Japanese government plans to expand a state of emergency it declared for the Tokyo region last week to seven additional prefectures in an effort to stem the spread of COVID-19.

Published 13 Jan, 2021 10:42am

World

Indonesia president launches COVID-19 inoculation drive with Chinese vaccine

Jokowi, as the president is popularly known, was given an injection with the CoronaVac vaccine.

Published 13 Jan, 2021 10:35am

Gainers
Losers
Leaders

Stock	Price
First Prud Mod. / Jan 15 First Prudential Modaraba(PMI)	1.70 ▲ 0.37 (18.06%)
Hira Tex. / Jan 15 Hira Textile Mills Limited(HIRAT)	5.35 ▲ 1.76 (13.83%)
First Pak Modaraba / Jan 15 First Pak Modaraba(PAKMI)	2.12 ▲ 0.52 (12.77%)
First Credit & Inv. / Jan 15 First Credit and Investment Bank Limited(FCIBL)	9.35 ▲ 2.00 (11.44%)
Media Times / Jan 15 Media Times Limited(MDTL)	2.19 ▲ 0.34 (10.05%)
AN Textile / Jan 15 AN Textile Mills Limited(ANTM)	12.00 ▲ 2.00 (9.09%)
Power Cement Pref. / Jan 15 Power Cement Preference(POWERPS)	12.40 ▲ 0.90 (7.83%)
AKD Capital Ltd / Jan 15 AKD Capital Limited(AKDCL)	410.53 ▲ 28.64 (7.50%)
AL-Noor Sugar / Jan 15 Al-Noor Sugar Mills Limited(ALNRS)	62.35 ▲ 6.83 (7.50%)
MACPAC Films / Jan 15 MACPAC Films Limited(MACFL)	25.24 ▲ 1.91 (7.50%)

Stock	Price
Tri-Star / Jan 15 Tri-Star Mutual Fund Limited(TSMF)	6.35 ▼ 0.00 (-13.61%)
Sindh Modaraba / Jan 15 Sindh Modaraba(SINDM)	8.55 ▼ 0.00 (-7.57%)
IbrahimFibres / Jan 15 Ibrahim Fibres Limited(IBFL)	111.00 ▼ 11.52 (-7.50%)
Quetta Textile / Jan 15 Quetta Textile Mills Limited(QUET)	9.35 ▼ 2.37 (-7.33%)
Khairpur / Jan 15 Khairpur Sugar Mills Limited(KPUS)	49.05 ▼ 0.00 (-6.57%)
Buxly / Jan 15 Buxly Paints Limited(BUXL)	64.66 ▼ 0.43 (-5.76%)
Ravi Textile / Jan 15 Ravi Textile Mills Limited(RAVT)	10.00 ▼ 0.00 (-5.75%)
Gillette Pak. (R) / Jan 15 Gillette Pakistan Limited (R)(GLPLR)	325.00 ▼ 3.86 (-4.70%)
Dawood Lawrencepur / Jan 15 Dawood Lawrencepur Limited(DLL)	230.00 ▼ 0.00 (-4.15%)
Trust Sec.& Brok. / Jan 15 Trust Securities & Brokerage Limited(TSBL)	11.75 ▼ 0.00 (-4.08%)

Stock	Volume
Hum Network / Jan 15 Hum Network Limited(HUMNL)	57,531,000 ▼ 0.62
K-Electric Ltd / Jan 15 K-Electric Limited(KEL)	45,688,500 ▼ 0.09
Power Cement / Jan 15 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Fauji Fert. Bin / Jan 15 Fauji Fertilizer Bin Qasim Limited(FFBL)	25,893,000 ▼ 1.97
Kot Addu / Jan 15 Kot Addu Power Company Limited(KAPCO)	24,032,500 ▼ 2.48
Kohinoor Sp. / Jan 15 Kohinoor Spinning Mills Limited(KOSM)	23,663,000 ▼ 1.06
Byco Petr. / Jan 15 Byco Petroleum Pakistan Limited(BYCO)	21,789,500 ▼ 0.27
Pakistan Refinery / Jan 15 Pakistan Refinery Limited(PRL)	18,588,000 ▼ 0.44
Faysal Bank / Jan 15 Faysal Bank Limited(FABL)	17,901,500 ▼ 1.27
Fauji Foods / Jan 15 Fauji Foods Limited(FFL)	17,735,500 ▼ 0.28

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 15	160.25
USD PKR Interbank Buying / Jan 15	160.15
USD to Japanese Yen / Jan 15	103.80
USD to Swiss Franc / Jan 15	0.89
Pound Sterling to USD / Jan 15	1.37
Euro to USD / Jan 15	1.22

Stock	Volume
S&P 500 / Jan 15	3795.54
India Sensex / Jan 15	49584.16
Tokyo Nikkei / Jan 15	28698.26
Nasdaq / Jan 15	13112.64
Hang Seng / Jan 15	28496.86
FTSE 100 / Jan 15	6801.96
Dow Jones / Jan 15	30991.52
Germany DAX 30 / Jan 15	13988.70
France CAC40 / Jan 15	5681.14

Indicator	Value
Weekly Foreign Reserves / Jan 8	20512.10
GDPGROWTH / Jan 8	1.00
Foreign Debt (PKR billions) / Jan 8	17000.00
Average CPI % / Jan 8	11.11
UK LIBOR % / Jan 15	0.09

China

Biden picks Clinton adviser Rosenberger as White House China director

Pakistan has not placed any orders for the coronavirus vaccine yet: Report

China bans PIA flights after COVID-19 found in passengers

Rosneft seeks to tempt trading houses into Arctic oil project with supply deals

China's new home prices see moderate growth in December

Xi rewrites China's rags to riches tale

China's new COVID-19 outbreaks

Asia shares edge higher as Biden unveils $1.9 trln US stimulus plan

China air quality improved in 2020 on lockdowns, tougher quality control

China denies entry to two WHO team members after tests, WSJ says

China trade surplus with US widens 7.1pc to $317bn in 2020

US envoy chides China in talk with Taiwan leader

EU companies in China should 'prepare for the worst' in digital decoupling

China reports most new COVID-19 cases in more than 10 months

China Dec exports rise 18.1% y/y, imports up 6.5%, top forecasts

China shares settle lower on profit-taking; healthcare, consumer stocks down

China's Dec coal imports triple on month as customs restrictions ease

WHO's COVID-19 probe team arrives in China's Wuhan, state TV says

China's 2020 copper imports hit record high

China 2020 meat imports close to 10mn tonnes, up 60% on year

China reports first virus death in eight months

Dalian iron ore futures inch up on restocking outlook, steel profits

Sales of electric vehicles surge in China

Chinese province of 37m declares 'emergency' to control virus

U.S. cancels U.N. envoy's trip to Taiwan, citing Biden transition

Oil prices rally further after crude stocks fall more than expected

Freezing temperatures push Asian gas prices to new records

Oil prices extend gains after US inventory drop

Nikkei inches up on upbeat earnings from Yaskawa Electric

Indonesia president launches COVID-19 inoculation drive with Chinese vaccine

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