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Chinese regulators

China, US sign deal on audit dispute in a step to avert delistings

HONG KONG: The US audit regulator said on Friday it has signed an agreement with Chinese regulators, taking a first...

Published 26 Aug, 2022 06:49pm

Business & Finance

Chinese regulators ask some US-listed firms to prepare for audit disclosures

HONG KONG/BEIJING: Chinese regulators have asked some of the country’s US-listed firms, including Alibaba, Baidu...

Published 23 Mar, 2022 04:58am

Beijing presses Didi to delist from US over data security fears

HK/SHANGHAI: Chinese regulators have pressed top executives of ride hailing giant Didi Global Inc to devise a plan ...

Published 27 Nov, 2021 05:08am

Markets

China stocks close lower

SHANGHAI: China stocks closed lower on Thursday as property developers and automobiles weighed, while ...

Published 26 Nov, 2021 05:15am

Business & Finance

Tencent Q1 profit rises 65pc as online gaming revenue climbs

Tencent, the world's largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, higher than the average analyst estimates published by Refinitiv of 35.45 billion yuan.
The results come as Chinese regulators have stepped up an anti-trust clampdown on internet giants, and have already penalised Tencent rival Alibaba $2.75 billion.

Published 20 May, 2021 09:30pm

Markets

Chinese watchdog keeps eye on foreign investment in stock markets

Foreign holdings in Chinese stocks at 5% -CSRC vice chairman.
CSRC to keep daily quotas on foreign investment, head off risks.

Published 19 Apr, 2021 07:44pm

Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

World

Chinese premier calls for more communication between China, US

"If you believe you've been harmed or bullied in China, tell us first," Zhang Huanteng, vice director of the Department of National Economy at the NDRC.
"We'd feel very wronged if we aren't aware of things and the US government tells us first," said Zhang, adding that Chinese regulators were baffled when they first read the US Section 301 Report, which set off the Sino-US trade war.

Published 13 Apr, 2021 05:39pm

Markets

Hong Kong shares tumble in morning

The Hang Seng Index slumped 0.98 percent, or 281.56 points, to 28,417.24.

Updated 12 Apr, 2021 04:58pm

Business & Finance

GM's China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent

It said Tencent has been asking car companies to stop using PATEO's Internet of Vehicles products since August 2020.

Published 09 Feb, 2021 11:49am

Business & Finance

Chinese regulators call in Tesla over customer complaints

The regulators urged Tesla to operate according to China laws and protect customer rights.
Tesla is building Model 3 electric sedans and Model Y sport-utility vehicles in its Shanghai factory. It sold 15,484 China-made vehicles in January.

Published 08 Feb, 2021 07:07pm

World

Chinese police bust counterfeit Covid-19 vaccine ring

Since the virus emerged in 2019, China has charged thousands of people with crimes related to the pandemic, including spreading "rumours", concealing an infection and not complying with guidelines.

Published 02 Feb, 2021 10:48am

Markets

Alibaba's shares surge as Jack Ma reappears

Shares in Alibaba soared 8.5 percent to HK$265.00 in Hong Kong.

Published 20 Jan, 2021 05:42pm

Markets

China regulator suspends Moody's Chinese JV over Yongcheng default

Earlier this month, NAFMII warned that there was a risk of inflated credit ratings in China, where the vast majority of corporate bonds are rated AA or higher, implying little default risk and giving little guidance on pricing.

Published 30 Dec, 2020 09:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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