Trends - China - Business Recorder

China

US consulate in China readies for closure as diplomatic row rages

The current situation in China-US relations is not what China desires to see, and the US is responsible for all this.

Published 26 Jul, 2020 12:54am

Business & Finance

After Rafale jets, war frenzy India eyes to purchase HAMMER missiles from France

The Indian Army is signing an agreement for 60-70 km hammer missiles using the emergency powers recently given to Indian Prime Minister Narendra Modi and it is believed that the agreement is being done in the context of recent tensions with China.

Published 25 Jul, 2020 02:01pm

World

India toughens public procurement rules for bidders from bordering nations, seen aimed at China

The Indian government's statement said the decision was taken to "strengthen the defence of India and national security.
"Any bidder from such countries sharing a land border with India will be eligible to bid in any procurement whether of goods, services ... only if the bidder is registered with the competent Authority."

Published 24 Jul, 2020 12:22am

World

US orders China to shut Houston consulate as spying accusations mount

Communist Party rulers in Beijing were considering shutting the US consulate in its central city of Wuhan in retaliation.
The State Department said the move was made "to protect American intellectual property and Americans' private information".

Published 22 Jul, 2020 10:57pm

Markets

Stocks mostly slide on Trump's coronavirus warning

Trump issued the gloomy warning in his first formal White House virus briefing since the end of April -- and the news sent Asian and European stocks sliding on Wednesday.

Published 22 Jul, 2020 05:10pm

Business & Finance

China keeps lending benchmark LPR steady for third month, as expected

The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year LPR remained at 4.65%.

Published 20 Jul, 2020 10:08am

World

China warns UK over basing aircraft carrier in Pacific

The £3.1 billion ($3.9 billion, 3.4 billion euros) vessel is due to set sail on her maiden deployment next yea.

Published 18 Jul, 2020 05:38pm

Markets

China says it supports extension of CPEC to Afghanistan

In recent days, Pakistan opened five major routes with Afghanistan for trade to help Afghanistan boost economic activity

Updated 17 Jul, 2020 08:06pm

Markets

China supports extension of CPEC into Afghanistan

China is also pleased to see the Gwadar port, among other CPEC projects, plays a positive role in this process and stands ready to work together with Pakistan and Afghanistan in this regard, said the Chinese spokesperson.

Published 17 Jul, 2020 12:40pm

World

China's Wuhan declares red alert as floods disrupt supply chains

Wuhan warned residents to take precautions as water levels fast approached their maximum guaranteed safety level.

Published 17 Jul, 2020 10:30am

Markets

China buys more US soybeans

Another 351,000 tonnes of soybeans were sold to buyers in unknown destinations, the USDA said. Traders and analysts said those soybeans also were likely headed to China.
China said on Thursday it will stick to the Phase 1 trade deal it reached with the United States earlier this year.

Published 16 Jul, 2020 07:58pm

Markets

Pakistan gets permanent membership of SCO Youth Council

Usman Dar said this achievement is due to PM's efforts and initiatives for his youth.

Published 16 Jul, 2020 02:12pm

Business & Finance

China to become world’s leading economy by 2024, India to claim the third spot

India, which was nowhere in the picture in 2008 is expected to become the third-largest global economy by 2024, shifting Japan to the fourth spot.

Published 16 Jul, 2020 12:08pm

Business & Finance

China's second-quarter GDP grows 3.2% year-on-year, beats expectations

The economy fell 1.6% in the first six months from a year earlier, the National Bureau of Statistics said.

Published 16 Jul, 2020 10:40am

World

China to hit Lockheed Martin with sanctions over Taiwan deal

Taiwan's foreign ministry countered that it "strongly condemns" China's "irrational outbursts and crude threats" over the US announcement.

Published 14 Jul, 2020 05:37pm

Markets

US warns citizens of heightened detention risks in China

US citizens may be detained without access to US consular services or information about their alleged crime,
The security alert comes as bilateral tensions intensify over issues ranging from the COVID-19 pandemic, trade, the new Hong Kong security law.

Published 11 Jul, 2020 08:43pm

World

US warns of 'arbitrary detention' risk in China

Australia and Canada have also issued travel warnings over fears of arbitrary detention by Beijing.

Published 11 Jul, 2020 07:26pm

World

China's southern Jiangxi declares highest flood alert

Provincial authorities expect severe regional flooding in Poyang, China's largest freshwater lake which connects to the Yangtze.
With downpours continuing to wreak havoc across vast swaths of China, several other cities along the Yangtze have declared highest-level flood warnings.

Published 11 Jul, 2020 06:12pm

Business & Finance

China's aviation industry suffers $4.9 billion loss in second quarter

In the first quarter the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan, according to data released by the Civil Aviation Administration of China (CAAC) on Friday.

Published 10 Jul, 2020 10:41am

Markets

China poised to beat US in digital currency race, admits Bank of America

Analysts say digital yuan could increase the Chinese currency’s use in international commerce

Updated 08 Jul, 2020 09:15pm

World

US, China impose visa restrictions on each other in Tibet row

Pompeo restricted visas to Chinese officials determined to be "substantially involved" in the exclusion of foreigners from Tibetan areas.

Published 08 Jul, 2020 06:23pm

World

Trump says considering TikTok ban as China row deepens

TikTok is led by an American CEO, with hundreds of employees and key leaders across safety, security, product, and public policy here in the US.

Published 08 Jul, 2020 06:19pm

World

'At war time speed', China leads COVID-19 vaccine race

China has brought state, military and private sectors together in a quest to combat a disease that has killed over 500,000 people worldwide

Published 08 Jul, 2020 05:49pm

World

Pompeo says U.S. 'looking at' banning Chinese social media apps, including TikTok

U.S. lawmakers have raised national security concerns over TikTok's handling of user data

Published 07 Jul, 2020 07:10pm

World

Beijing reports zero virus cases for first time since new outbreak

The Beijing government has tested more than 11 million people for COVID-19 since June 11.

Published 07 Jul, 2020 07:06pm

World

Pompeo says US looking at banning Chinese social media apps, including TikTok

Pompeo’s remarks also come amid increasing U.S.-China tensions over the handling of the coronavirus outbreak and China’s actions in Hong Kong.

Published 07 Jul, 2020 11:11am

Business & Finance

India reviewing around 50 investment proposals from Chinese firms

The official said about 40-50 applications involving funding from Chinese investors have been filed since the rule change and are currently under review.

Published 06 Jul, 2020 09:04pm

World

India, China agree to 'complete disengagement' from deadly border flashpoint

The Galwan Valley incident was the first time in 45 years that soldiers had died in combat on the Asian giants' long-disputed border.

Published 06 Jul, 2020 07:28pm

World

China rebukes Canada over criticism of Hong Kong security law

Canada was suspending its extradition treaty with Hong Kong due to the law and Canada's foreign minister called the legislation "a significant step back" for liberty.
Some western countries including Canada have been meddling in Hong Kong affairs under the pretext of human rights, which seriously violates international law and basic norms of international relations.

Published 04 Jul, 2020 07:55pm

World

Tokyo new coronavirus infections over 100 for third day, NHK says

Tokyo confirmed about 130 new cases of infections of the coronavirus on Saturday.

Published 04 Jul, 2020 12:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 17	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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