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Commerzbank

UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says

MILAN: Italy’s UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added...

Published 27 May, 2025 04:37pm

Business & Finance

Euro zone yields edge up before Fed and BoE policy meetings

FRANKFURT: Euro zone government bond yields edged up on Monday with investors on the sidelines ahead of a week ...

Published 06 May, 2025 03:19am

Business & Finance

UniCredit gets German cartel office nod on big Commerzbank stake

DUESSELDORF/FRANKFURT: Germany’s antitrust authorities on Monday approved UniCredit’s plans to own just under 30% of...

Published 14 Apr, 2025 05:14pm

Business & Finance

Commerzbank signs 15-year contract for new high-rise Frankfurt office

FRANKFURT: Commerzbank, which last week announced job cuts in Germany as it fends off a takeover approach from...

Published 18 Feb, 2025 05:55pm

Business & Finance

Commerzbank says no talks with UniCredit until specific offer made

BERLIN: Commerzbank reiterated on Friday that it will not meet with UniCredit for formal discussions until it...

Published 24 Jan, 2025 01:34pm

Business & Finance

Commerzbank chairman sees little chance of amicable UniCredit merger, report says

BERLIN: Commerzbank’s, supervisory board chairman Jens Weidmann said there is little chance for an amicable merger...

Published 13 Jan, 2025 01:21pm

Business & Finance

UniCredit brings security custody services in-house, with focus on Germany

MILAN: UniCredit said on Friday it would bring in-house security custody services, with an initial focus on Germany,...

Published 10 Jan, 2025 03:14pm

Business & Finance

Italy’s UniCredit launches surprise $11 bln all-share bid for Banco BPM

MILAN: Italy’s UniCredit on Monday launched a surprise 10 billion euro ($11 billion) all-share offer for smaller...

Published 25 Nov, 2024 01:32pm

Business & Finance

Commerzbank CEO focused on standalone strategy amid UniCredit interest

WASHINGTON: Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy,...

Published 25 Oct, 2024 08:48pm

Business & Finance

Commerzbank would lose clients in UniCredit merger, German lender’s CEO says

FRANKFURT: Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina...

Published 07 Oct, 2024 11:51am

Business & Finance

UniCredit’s rating might top Italy’s if it buys Commerzbank, Moody’s says

MILAN: Moody’s would consider hiking UniCredit’s credit rating one notch above Italy’s sovereign rating if it bought...

Published 02 Oct, 2024 01:25pm

Business & Finance

Commerzbank, UniCredit to meet Friday morning, source says

FRANKFURT: A meeting between bankers from Commerzbank and UniCredit will be held virtually on Friday morning, a...

Published 27 Sep, 2024 01:45pm

Business & Finance

Commerzbank boards confirm independent strategy as UniCredit seeks possible tie-up

FRANKFURT: Commerzbank’s supervisory and management boards have unanimously confirmed the bank’s current strategy of...

Published 26 Sep, 2024 01:54pm

Markets

European shares end higher, Commerzbank dips

PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more...

Published 24 Sep, 2024 03:28am

Business & Finance

Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt

BERLIN: A merger of Italy’s Unicredit and Germany’s Commerzbank would add value for all stakeholders and create a...

Published 16 Sep, 2024 10:59am

Business & Finance

Commerzbank opens Lithuania office in bid to boost Baltic connection

BERLIN: Commerzbank will open a representative office in Lithuania from December this year designed to operate as a...

Published 21 Aug, 2024 02:08pm

Business & Finance

Commerzbank seeks share buyback, confirms annual outlook as Q2 profit dips

FRANKFURT: Germany’s Commerzbank said on Wednesday that it was planning a 600-million-euro ($654.48 million) share...

Published 07 Aug, 2024 11:42am

Markets

European shares end lower as earnings whirlwind disappoints

PARIS: European shares closed lower on Wednesday, dampened by luxury stocks after dour results from LVMH weighed on...

Published 25 Jul, 2024 06:35am

Markets

South African rand stable, focus on unity government talks

JOHANNESBURG: The South African rand was little changed in early trading on Wednesday, as investors waited for...

Published 12 Jun, 2024 01:18pm

Business & Finance

Commerzbank reports better-than-expected 29% rise in Q1 profit

FRANKFURT: Germany’s Commerzbank posted a better-than-expected 29% rise in first-quarter net profit on Wednesday,...

Published 15 May, 2024 12:29pm

Markets

European stocks dragged down by healthcare

PARIS: European stocks made a downbeat start to the second quarter, pressured by healthcare shares, while investors...

Published 03 Apr, 2024 05:29am

Markets

French, German stocks sprint to record high on earnings cheer

PARIS: European shares rose on Thursday as upbeat corporate earnings pushed French and German stocks to a record...

Published 16 Feb, 2024 06:02am

Markets

Euro zone yields edge up from multi-month lows as markets bet on March ECB rate cut

LONDON: Euro zone government bond yields edged higher on Monday after earlier touching multi-month lows as market...

Published 04 Dec, 2023 05:54pm

Markets

Gold leaps above $2,000 as dollar weakens on Fed pause bets

LONDON: Gold rose over the key $2,000 level on Friday, logging its second consecutive weekly gain, see-sawing ...

Published 26 Nov, 2023 03:31am

Business & Finance

Commerzbank Q3 net profit more than triples, beats expectations

FRANKFURT: Germany’s Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better...

Published 08 Nov, 2023 11:34am

Business & Finance

Gazprom subsidiary files lawsuits against Deutsche Bank, Commerzbank

MOSCOW: RusKhim-Alyans, a subsidiary of Russian gas giant Gazprom, has filed lawsuits seeking a total of 31 billion...

Published 05 Jul, 2023 06:00am

Business & Finance

German economy entered recession in Q1

BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby...

Published 25 May, 2023 12:16pm

World

Germany’s 2022 inflation drops one point to 6.9% after changes to index

BERLIN: Germany’s new 6.9% inflation reading for 2022 is one point lower than previously reported due to revisions...

Published 22 Feb, 2023 04:43pm

Markets

Commerzbank sees 2023 profit ‘well above’ 2022 despite challenges

FRANKFURT: Germany’s Commerzbank said on Thursday that net profit rose a better-than-expected 12% in the fourth...

Published 16 Feb, 2023 01:05pm

Markets

Arabica coffee falls

LONDON: Arabica coffee futures on ICE fell to a 14-month low on Friday, pressured by an improving outlook for next...

Published 30 Oct, 2022 03:57am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 13	143.75
USD to Swiss Franc / Jun 13	0.81
Pound Sterling to USD / Jun 13	1.36
Euro to USD / Jun 13	1.15
UK LIBOR % / Jun 12	4.96

Stock	Volume
S&P 500 / Jun 12	6,045.26
Nasdaq / Jun 12	19,662.48
Dow Jones / Jun 12	42,967.62
India Sensex / Jun 13	81,216.80
Tokyo Nikkei / Jun 13	37,834.25
Hang Seng / Jun 13	23,892.56
FTSE 100 / Jun 13	8,839.41
Germany DAX 30 / Jun 13	23,434.96
France CAC40 / Jun 13	7,687.50

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	16,485
Gold 10 Grams PKR / Jun 12	305,984
Petrol/Litre / Jun 13	253.63
Crude Oil USD/Barrel / Jun 13	72.11
Gold Spot USD/Ounce / Jun 13	3,421.89
Diesel/Litre / Jun 13	254.64
Cotton US¢/pound / Jun 13	67.63

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	2.92 ▲ 0.8 (37.74%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.73 ▲ 0.6 (28.17%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.75 ▲ 0.55 (17.19%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.69 ▲ 0.52 (16.4%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
LSE Financial Serv. / Jun 13 LSE Financial Services Limited(LSEFSL)	42.97 ▲ 3.91 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.22 ▼ -1.25 (-10.02%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
Fateh Ind. / Jun 13 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Reliance Weaving / Jun 13 Reliance Weaving Mills Limited(REWM)	123.76 ▼ -13.74 (-9.99%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.53 ▼ -3.39 (-9.99%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.60 ▼ -4.38 (-9.96%)
Calcorp Ltd / Jun 13 Calcorp Limited(CASH)	44.15 ▼ -4.85 (-9.9%)
Blue-Ex Ltd / Jun 13 Blue-Ex Limited (GEM)(GEMBLUEX)	59.14 ▼ -6.46 (-9.85%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	115,437,236 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	63,784,100 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	59,577,388 ▲ 0.8
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	21,642,483 ▲ 1
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	20,915,286 ▲ 0.39
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	20,703,058 ▼ -0.27
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	20,023,362 ▲ 0.18
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	18,770,547 ▲ 0.6
K-Electric Ltd. / Jun 13 K-Electric Limited(KEL)	17,033,746 ▼ -0.15
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	15,530,919 ▼ -0.72

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