Trends - coronavirus crisis - Business Recorder

coronavirus crisis

Raw sugar recovers; coffee, cocoa gain

LONDON: Raw sugar futures on ICE recovered on Thursday amid upbeat sentiment in the wider financial markets and ...

Published 02 Apr, 2021 04:58am

World

Slovak PM says he will resign to end political crisis

BRATISLAVA: Slovak Prime Minister Igor Matovic announced on Sunday that he intended to resign after coming under...

Published 31 Mar, 2021 05:42am

Business & Finance

Pandemic pushed Spain's deficit to 11-year high in 2020

MADRID: Spain's budget deficit widened to its highest level in 11 years in 2020 as the pandemic battered its ...

Published 31 Mar, 2021 05:42am

Business & Finance

Lufthansa unit Swiss could announce more job cuts

ZURICH: Deutsche Lufthansa’s unit Swiss could announce additional job cuts in the second quarter as the pandemic...

Published 30 Mar, 2021 05:45am

World

Kuwaiti cabinet approves law to give bonuses to frontline COVID workers

The cabinet has submitted a draft law to the emir. It will also be referred to parliament.

Updated 30 Mar, 2021 02:19am

World

Flight simulators keep pilots sharp during pandemic

PARIS: The coronavirus crisis has clipped the wings of airline pilots but those who have kept their jobs are doing...

Updated 26 Mar, 2021 09:30am

Business & Finance

EU car sales fall again in February

In the UK, car sales in February slumped 35.5 percent.

Published 17 Mar, 2021 06:03pm

Business & Finance

Saudi inflation rate falls to lowest since VAT hike

DUBAI: Saudi Arabia’s inflation rate fell slightly to 5.2% in February from 5.7% in the prior month, the lowest...

Updated 16 Mar, 2021 09:34am

Markets

UK 10-year gilt yield hits highest since last year's ‘dash for cash’

Ten-year gilt yields edged up by almost 2 basis points to 0.843% .
Earlier on Monday, Bank of England Governor Andrew Bailey said he was more optimistic about the economy, "with a large dose of caution," and the rise in rates in financial markets was consistent with recovery prospects.

Published 15 Mar, 2021 06:04pm

World

US air travel hits highest level since March 2020

WASHINGTON: Airports in the United States saw their largest number of passengers in a year on Friday, data showed,...

Updated 15 Mar, 2021 09:49am

Business & Finance

Slow Gulf economic recovery to have long-lasting impact on banks: S&P

"We think that the measures implemented by most central banks in the region are supportive of liquidity but do not remove or reduce credit risk from the balance sheet of banks (yet)," said S&P.

Updated 14 Mar, 2021 12:44pm

Business & Finance

US air travel hits highest level since March 2020

Air traffic had plunged to a record low 87,534 passengers on April 14.

Published 14 Mar, 2021 11:20am

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5mn euros, documents show

A hearing on the case was postponed due to the coronavirus crisis from Wednesday and rescheduled for April 7.
In joining another employer, UniCredit, Orcel relinquishes any deferred payments that would have been due from UBS.

Updated 13 Mar, 2021 09:10pm

World

Italy's Draghi says will hike deficit further to support economy

"I will propose to parliament ... a new increase in the deficit," said Draghi, who took office a month ago at the head of a government of national unity. Rome's most recent estimate was for a deficit-to-GDP ratio of 8.8% this year.

Published 12 Mar, 2021 08:23pm

Business & Finance

Standard Bank sees Africa opportunities beyond crisis

Bank says African recovery likely to stretch into 2022.
But sets sights on continental growth, investment.
S.African recovery likely to be multi-year, bumpy.
Declares dividend down 76% vs 2019.

Updated 11 Mar, 2021 10:03pm

World

Czech Airlines goes bust

PRAGUE: A Czech court said on Wednesday it had declared bankruptcy on struggling national carrier Czech Airlines,...

Updated 11 Mar, 2021 09:46am

Markets

Traders struggle to extend stocks rally as inflation fears linger

European markets also rose, with Frankfurt tapping a new record high.

Published 10 Mar, 2021 05:35pm

Markets

Euro zone bond markets sell off on rising US bond yields, oil surge

Rising oil prices tend to move closely with inflation expectations in the euro area, pushing bond yields up and their prices down.

Published 08 Mar, 2021 02:29pm

Sports

Bigger pandemic squads helped boost new Indian cricket talent: Shastri

India's new talent played a key role in helping the side reach the World Test Championship final against New Zealand in June.

Published 07 Mar, 2021 05:39pm

World

France looks to ease family gifting rules to reduce savings glut

Like many countries, France has seen a surge in savings during the coronavirus crisis due to various restrictions on movement that prevented people from spending in bars, restaurants, cultural venues and on trips.
The central bank estimated last month that households had built savings in excess of what could be expected under normal circumstances of up 120 billion euros ($144.4 billion) last year.

Updated 04 Mar, 2021 09:52pm

Business & Finance

Czech central bank leaves countercyclical capital buffer at 0.5pc

The bank had cut the rate in extraordinary steps from 2.0% last year to help banks absorb shocks from the coronavirus crisis.

Published 04 Mar, 2021 05:37pm

Markets

OPEC+ debates whether to raise or freeze oil output as price recovers

OPEC+ ministers meet at 1300 GMT.
Market had been expecting OPEC+ to ease curbs.
Outlook for Saudi Arabia's voluntary cut unclear.
Oil prices trade near pre-pandemic levels.

Published 04 Mar, 2021 05:12pm

Markets

Sberbank full-year profit drops 10% as bad-debt provisions surge

The credit quality of Sberbank's loan portfolio improved in the quarter, returning to the pre-crisis level, the bank said.

Published 04 Mar, 2021 02:06pm

Markets

Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in US inventories

"Prices hinge on Russia's and Saudi Arabia's preference to add more crude oil production," said Stephen Innes, global market strategist at Axi.

Published 04 Mar, 2021 09:48am

World

World won’t vanquish virus this year, says WHO

GENEVA: It is unrealistic to think that the world will be done with the Covid-19 pandemic by the end of the year, ...

Published 02 Mar, 2021 05:50am

World

South Africa boosts vaccine spending in 'balancing act' amid debt worries

South Africa is African nation hardest hit by pandemic.
Facing more infection COVID-19 variant but vaccinations lagging.
Pandemic has worsened fiscal position.

Published 24 Feb, 2021 06:01pm

Business & Finance

Stuck in port, Royal Caribbean's quarterly loss cruises past $1 billion

Company posts loss of more than $1 bln for 4th straight quarter.
Points to strong demand for cruises next year.
Expects net loss for second straight fiscal year.

Updated 22 Feb, 2021 10:06pm

Markets

Markets mostly slip as inflation fears top recovery hopes

Wall Street opened lower, with the Dow shedding 0.7 percent, with data showing that US first time unemployment benefits applications are on the rise.

Published 18 Feb, 2021 08:52pm

Markets

European stocks ahead at open

In the eurozone, the Paris CAC 40 added 0.1 percent at 5,791.60 and Frankfurt's DAX 30 index was marginally higher at 14,113.11 points.

Published 16 Feb, 2021 02:40pm

Markets

Markets extend rally on recovery hopes

Sterling leapt to $1.3914, which was the highest point since April 2018, while the euro sank to 87.240 pence, a level last seen last May.

Published 15 Feb, 2021 08:45pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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