Trends - China - Business Recorder

China

China's yuan firms as dollar slips

The Thomson Reuters/HKEX Global CNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 96.69, firmer than the previous day's 96.56.

Published 21 Apr, 2021 12:18pm

World

Japan PM sends offering to controversial shrine honouring war dead

Suga sent a sacred tree to mark the spring festival but was not expected to visit the shrine in central Tokyo.

Published 21 Apr, 2021 11:10am

World

South Korea court dismisses 'comfort women' case against Japan

Biden held his first summit with Japanese Prime Minister Yoshihide Suga at the weekend and will meet with South Korean President Moon Jae-in next month.

Published 21 Apr, 2021 11:04am

World

China's Xi to attend online Biden climate summit

China, the world's top carbon emitter, has vowed to reach peak emissions by 2030 and become carbon neutral thirty years later.

Published 21 Apr, 2021 11:00am

Technology

Chinese hackers behind VPN attack on US defence firms: security experts

There was no assessment of how many companies were affected or what the hackers did with their access to the networks.

Published 21 Apr, 2021 10:24am

Markets

Yuan breaches key threshold, edges up to month high

"With the economy doing well, policymakers are now focused on tackling financial risks.

Published 20 Apr, 2021 11:48am

World

Philippines' Duterte prepared to deploy navy over South China Sea claim

The dispute comes as the Philippines receives millions of doses of Covid-19 jabs from China's Sinovac -- many of them donated.

Published 20 Apr, 2021 11:20am

World

China's President Xi calls for more equitable global governance

Chinese President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one country or some nations cannot be imposed on others.
Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.

Updated 20 Apr, 2021 01:19pm

Markets

China's Shandong aims to cut 21mn T steel capacity by 2022

Shandong is the third biggest steel producer in China.

Published 19 Apr, 2021 12:08pm

Business & Finance

BMW aiming for quarter of China sales to be electric vehicles by 2025

He said BMW will have 12 electric models for sale in China by 2023.

Published 19 Apr, 2021 12:02pm

Markets

Strong global steel demand lifts Asia's iron ore benchmarks

Construction steel rebar on the Shanghai Futures Exchange fell 1%, while hot-rolled coil slipped 0.3%. Still, Shanghai's most-traded steel contracts are among this year's top gainers in China's ferrous metals complex.

Published 19 Apr, 2021 11:53am

Markets

Yuan eases as investors focus on Sino-US tensions, tighter cash conditions pare losses

The domestic currency market largely ignored the US Treasury Department's decision not to label China as a currency manipulator in the first semi-annual foreign exchange report issued by Treasury Secretary Janet Yellen.

Published 19 Apr, 2021 11:22am

Markets

Dollar pinned near one-month low amid subdued US yields

The bitcoin rout also followed a decision on Friday by Turkey's central bank to ban the use of cryptocurrencies for purchases.

Published 19 Apr, 2021 11:17am

US, China commit to climate cooperation

WASHINGTON: The United States and China are "committed to cooperating" on the pressing issue of climate change, the...

Published 19 Apr, 2021 03:21am

World

Earth Day summit a chance for Biden to show US serious about climate: Trudeau

"I know that Canada and developed countries like us around the world are very interested in ensuring that we're competing with China successfully on new technologies," Trudeau said.

Published 18 Apr, 2021 11:24am

World

US, China 'committed to cooperating' on climate crisis: joint statement

The United States and China are committed to cooperating with each other and with other countries to tackle the climate crisis.

Published 18 Apr, 2021 11:08am

BR Research

Another Changan SUV spotted in Pakistan

The Oushan X7 is a 5-seater midsize crossover that made its debut in China in 2019.
The new SUV rivals MG-HS and Hyundai Tucson.

Published 16 Apr, 2021 04:34pm

Markets

Yuan eases on concern China's post-COVID bounce is losing steam

Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at a three-week high of 6.5288 per dollar, 9 pips firmer than the previous fix of 6.5297.

Published 16 Apr, 2021 11:16am

Business & Finance

China GDP grows record 18.3% in first quarter in virus rebound

With the coronavirus pandemic under control domestically, "the national economy made a good start".

Published 16 Apr, 2021 10:44am

World

Xi to join European climate summit, as Kerry in China for talks

Kerry is not expected to meet with Xi, on a trip which has so far taken place behind closed doors.

Published 15 Apr, 2021 04:43pm

Markets

Supply woes in China, Russia fuel aluminium prices to multi-year highs

Russia is a major aluminium producer and a US sanction in 2018 had pushed LME aluminium prices to a seven-year high.

Published 15 Apr, 2021 12:05pm

Business & Finance

Hyundai Motor Group plans to launch EVs in China every year starting 2022

The South Korean auto group said it plans to unveil a total of 21 EV models from Hyundai Motor Co and Kia Corp by 2030, including hybrid and fuel-cell vehicles.

Published 15 Apr, 2021 12:01pm

Markets

Yuan eases on higher corporate dollar demand, investors await Q1 GDP

"We expect real GDP growth to have jumped to 20% year-on-year in Q1 from 6.5% in Q4-2020, led by an overheated industrial sector and a recovering services sector," economists at Standard Chartered said in an earlier note.

Published 15 Apr, 2021 11:22am

Business & Finance

Pakistan approved CanSinoBIO says no serious blood clots from its vaccine

CanSinoBIO’s Ad5-nCoV vaccine is approved in China, Hungary, Chile, Mexico and Pakistan.

Published 15 Apr, 2021 11:09am

BR Research

Is Changan bringing the UNI-T SUV to Pakistan?

The first one is the new compact crossover UNI-T SUV, the other is F70 pickup truck.
The UNI-T SUV made its global debut in March 2020.

Published 14 Apr, 2021 02:56pm

Markets

China to broaden stress tests in 2021 to include all 4,024 banks

In April, it issued draft rules imposing additional capital adequacy, leverage ratio, and liquidity management requirements on major banks deemed important to the financial system.

Published 14 Apr, 2021 12:04pm

Markets

Yuan edges up as markets take US inflation data in stride

The global dollar index fell to 91.763 from the previous close of 91.795.

Published 14 Apr, 2021 11:53am

Business & Finance

China saw record 18.7% growth in first quarter: AFP survey

"This will in turn speed up domestic demand recovery and prop up production," she said.

Published 14 Apr, 2021 11:14am

World

Beijing pays its UN dues, implies US should follow

Beijing became the second largest financial contributor to UN peacekeeping operations in 2016, and the second largest to the operating budget in 2019, ahead of Japan.

Published 14 Apr, 2021 10:45am

World

China envoy to Canada urges against 'decoupling'

Meanwhile, he renewed calls for Canada to release Huawei chief financial officer Meng Wanzhou, saying Canada must "right this wrong."

Published 14 Apr, 2021 10:34am

Gainers
Losers
Leaders

Stock	Price
Dawood Equities / Apr 21 Dawood Equities Limited(DEL)	5.65 ▲ 0.60 (11.88%)
Sana Ind. (R) / Apr 21 Sana Industries (R)(SNAIR)	12.01 ▲ 1.00 (9.08%)
Bal. Glass / Apr 21 Balochistan Glass Limited(BGL)	13.00 ▲ 1.00 (8.33%)
Service Fab. / Apr 21 Service Fabrics Limited(SERF)	13.35 ▲ 1.00 (8.10%)
Service Tex. / Apr 21 Service Industries Textiles Limited(SERT)	13.61 ▲ 1.00 (7.93%)
Telecard / Apr 21 Telecard Limited(TELE)	13.87 ▲ 1.00 (7.77%)
AKD Capital Ltd / Apr 21 AKD Capital Limited(AKDCL)	451.50 ▲ 31.50 (7.50%)
Tandlianwala / Apr 21 Tandlianwala Sugar Mills Limited(TSML)	133.63 ▲ 9.32 (7.50%)
Elahi Cot. / Apr 21 Elahi Cotton Mills Limited(ELCM)	42.75 ▲ 2.98 (7.49%)
Kohi.Tex. / Apr 21 Kohinoor Textile Mills Limited(KTML)	70.61 ▲ 4.92 (7.49%)

Stock	Price
First Equity Mod. / Apr 21 First Equity Modaraba(FEM)	3.34 ▲ -0.73 (-17.94%)
First Credit & Inv. / Apr 21 First Credit and Investment Bank Limited(FCIBL)	5.64 ▲ -0.87 (-13.36%)
Century Ins. / Apr 21 Century Insurance Company Limited(CENI)	18.95 ▲ -2.70 (-12.47%)
Tri-Star / Apr 21 Tri-Star Mutual Fund Limited(TSMF)	4.51 ▲ -0.49 (-9.80%)
Island Tex. / Apr 21 Island Textile Mills Limited(ILTM)	1918.45 ▲ -155.55 (-7.50%)
Mirpurkhas Sugar / Apr 21 Mirpurkhas Sugar Mills Limited(MIRKS)	94.35 ▲ -7.65 (-7.50%)
Punjab Oil / Apr 21 Punjab Oil Mills Limited(POML)	203.50 ▲ -16.50 (-7.50%)
Sapphire Tex. / Apr 21 Sapphire Textile Mills Limited(SAPT)	914.83 ▲ -74.17 (-7.50%)
Tata Textile / Apr 21 Tata Textile Mills Limited(TATM)	59.30 ▲ -4.80 (-7.49%)
Mian Textile / Apr 21 Mian Textile Industries Limited(MTIL)	18.60 ▲ -1.50 (-7.46%)

Stock	Volume
TRG Pak. / Apr 21 TRG Pakistan Limited(TRG)	46,695,449 ▼ 0.00
Worldcall / Apr 21 Worldcall Telecom Limited(WTL)	42,836,000 ▼ 0.00
Unity Foods / Apr 21 Unity Foods Limited(UNITY)	37,550,386 ▼ 0.00
Ghani Global Hold. / Apr 21 Ghani Global Holdings Limited(GGL)	31,297,500 ▼ 0.00
Telecard / Apr 21 Telecard Limited(TELE)	16,091,000 ▼ 0.00
Byco Petr. / Apr 21 Byco Petroleum Pakistan Limited(BYCO)	11,571,000 ▼ 0.00
Bal. Glass / Apr 21 Balochistan Glass Limited(BGL)	10,725,000 ▼ 0.00
Power Cement / Apr 21 Power Cement Limited(POWER)	10,568,000 ▼ 0.00
Media Times / Apr 21 Media Times Limited(MDTL)	9,277,500 ▼ 0.00
Aisha Steel / Apr 21 Aisha Steel Mills Limited(ASL)	8,211,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 20	153.00
USD PKR Interbank Buying / Apr 20	152.90
USD to Japanese Yen / Apr 20	108.07
USD to Swiss Franc / Apr 20	0.92
Pound Sterling to USD / Apr 20	1.39
Euro to USD / Apr 20	1.20
UK LIBOR % / Apr 20	0.07

Stock	Volume
S&P 500 / Apr 20	4134.94
India Sensex / Apr 20	47705.80
Tokyo Nikkei / Apr 20	29100.38
Nasdaq / Apr 20	13788.27
Hang Seng / Apr 20	29135.73
FTSE 100 / Apr 20	6859.87
Dow Jones / Apr 20	33821.30
Germany DAX 30 / Apr 20	15129.51
France CAC40 / Apr 20	6165.11

Item	Value
Crude Oil / Apr 20	62.67
Karachi Cotton Assoc. / Apr 20	10800.00
Gold 10 Grams / Apr 20	94564.00
Gold Spot / Apr 20	1778.40
Cotton / Apr 20	85.17

China

China's yuan firms as dollar slips

Japan PM sends offering to controversial shrine honouring war dead

South Korea court dismisses 'comfort women' case against Japan

China's Xi to attend online Biden climate summit

Chinese hackers behind VPN attack on US defence firms: security experts

Yuan breaches key threshold, edges up to month high

Philippines' Duterte prepared to deploy navy over South China Sea claim

China's President Xi calls for more equitable global governance

China's Shandong aims to cut 21mn T steel capacity by 2022

BMW aiming for quarter of China sales to be electric vehicles by 2025

Strong global steel demand lifts Asia's iron ore benchmarks

Yuan eases as investors focus on Sino-US tensions, tighter cash conditions pare losses

Dollar pinned near one-month low amid subdued US yields

US, China commit to climate cooperation

Earth Day summit a chance for Biden to show US serious about climate: Trudeau

US, China 'committed to cooperating' on climate crisis: joint statement

Another Changan SUV spotted in Pakistan

Yuan eases on concern China's post-COVID bounce is losing steam

China GDP grows record 18.3% in first quarter in virus rebound

Xi to join European climate summit, as Kerry in China for talks

Supply woes in China, Russia fuel aluminium prices to multi-year highs

Hyundai Motor Group plans to launch EVs in China every year starting 2022

Yuan eases on higher corporate dollar demand, investors await Q1 GDP

Pakistan approved CanSinoBIO says no serious blood clots from its vaccine

Is Changan bringing the UNI-T SUV to Pakistan?

China to broaden stress tests in 2021 to include all 4,024 banks

Yuan edges up as markets take US inflation data in stride

China saw record 18.7% growth in first quarter: AFP survey

Beijing pays its UN dues, implies US should follow

China envoy to Canada urges against 'decoupling'

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