Trends - coronavirus pandemic - Business Recorder

coronavirus pandemic

Political role under fire in European AstraZeneca vaccine suspensions

More than a dozen EU members act over thrombosis concerns.
Drug regulator to issue guidance on Thursday.
German health minister under fire at home over crisis management.
"Nobody is being forced to do anything" - Berlin source.

Updated 17 Mar, 2021 08:12pm

World

UN sounds alarm on South Asia child deaths due to Covid

In Bangladesh and Nepal, for example, the number of young children being treated for severe acute malnutrition (SAM) fell by over 80 per cent, while child vaccinations fell sharply in India and Pakistan.

Published 17 Mar, 2021 02:17pm

Markets

Oil demand to reach record by 2026: IEA

"By contrast, demand in many advanced economies, where vehicle ownership and oil use per capita are much higher, is not expected to return to pre-crisis levels," the IEA said.

Published 17 Mar, 2021 02:14pm

Markets

Australian wheat farmers double down after record harvest

"We had eight people bidding for it," said Moylan.

Published 17 Mar, 2021 02:06pm

Business & Finance

Japan Inc offer lowest pay rises in 8 years as pandemic bites

"As corporate profits deteriorate and uncertainty remains on the outlook, management will likely be cautious" about responding to union demands for higher pay, said Koya Miyamae, senior economist at SMBC Nikko Securities.

Published 17 Mar, 2021 01:51pm

Markets

IMF sees Thai economy growing 2.6% this year

Thailand's central bank has left its benchmark rate at a record low of 0.50% since mid-2020 after three cuts earlier that year to support the economy.

Published 16 Mar, 2021 12:16pm

World

IMF research shows top firms becoming more dominant during pandemic

Due to the pandemic, we estimate that this concentration could now increase in advanced economies by at least as much as it did in the 15 years to end of 2015.
"Even in those industries that benefited from the crisis, such as the digital sector, dominant players are among the biggest winners."

Updated 15 Mar, 2021 09:24pm

World

Bulgaria's jobless rate eases to 6.9pc in February

The jobless rate was 6.2% in February 2020.
Government support schemes for employment helped keep dole queues shorter, saving over 400,000 jobs since the start of the pandemic last March, the agency said.

Published 15 Mar, 2021 06:46pm

Markets

BoE's Bailey: rise in market rates consistent with better outlook

Bailey said the British economy would recover this year and get back to its late 2019 level around the end of this year.

Published 15 Mar, 2021 02:07pm

Pakistan

COVID-19 spread: Smart lockdown imposed in more areas of Lahore, Sialkot and Rawalpindi

Smart lockdown has been imposed in 15 hotspots in Rawalpindi, 13 in Lahore and six areas of Sialkot
All shopping malls, restaurants and offices will remain closed while there will be restricted movement in the affected localities

Published 15 Mar, 2021 12:48pm

World

World awaits China Covid origins report

Experts believe that SARS-CoV-2, the new coronavirus that causes Covid-19, originally came from bats, and jumped into humans via an intermediate animal.

Published 15 Mar, 2021 10:42am

Business & Finance

China industrial output, retail sales surge in pandemic rebound

"Even though we do see improvement on the global economic environment, they are still very cautious," said OCBC Bank's head of Greater China research Tommy Xie, on the issue of unemployment.

Published 15 Mar, 2021 10:38am

Business & Finance

Russia ramps up facial recognition systems

MOSCOW: From cameras criss-crossing the city to payment systems popping up at metro gates and supermarket checkouts,...

Published 15 Mar, 2021 05:22am

Business & Finance

Cathay Pacific posts record loss

HONG KONG: Hong Kong carrier Cathay Pacific said Wednesday it suffered a record $2.8 billion loss last year as the...

Published 15 Mar, 2021 05:22am

Pakistan

Spike in COVID cases: Smart lockdown imposed in 20 areas of Gujranwala

The health department states that the tally of coronavirus patients in the district has reached to 393
A ban has been imposed on all commercial activities in Lahore after 10pm in the wake of the third wave of the coronavirus

Updated 14 Mar, 2021 01:58pm

Pakistan

Rise in COVID infections: National Assembly secretariat closed till March 16

During the closure period, IR department and R&D branch will remain operational, while the minimum number of employees will join the offices from March 17
The employees have been directed to strictly follow corona SOPs designed to counter the spread of the deadly virus

Published 14 Mar, 2021 10:54am

World

US housing finance regulator extends some loan flexibilities until April 30

The Federal Housing Finance Agency said in a statement that it would allow alternative appraisals on certain refinance loans, alternative methods for documenting income and verifying employment, and expanded use of power of attorney for loan closings.

Updated 11 Mar, 2021 10:04pm

Business & Finance

ECB signals faster money-printing to combat rise in yields

Signals faster bond buys in coming quarter.
Overall policy package unchanged.
Reaffirms commitment to keep borrowing costs down.

Updated 11 Mar, 2021 10:02pm

World

Australia unveils $928mn coronavirus support package to revive airlines, tourism

"It's still a bit too early to say ... so we're going to take this one step at a time," Morrison told Seven Network News.

Published 11 Mar, 2021 11:30am

Markets

Dubai non-oil private sector growth remains sluggish in February

Sales volumes fell for the first time since May 2020 in February as Dubai imposed increased coronavirus-related restrictions. Employment grew, but only marginally.

Published 09 Mar, 2021 10:53am

Business & Finance

Japan downgrades Q4 GDP as companies scale back spending

Household spending, however, fell 6.1% in January compared with the same month a year earlier, official data showed on Tuesday, worse than the 2.1% drop expected by economists in a Reuters poll.

Published 09 Mar, 2021 10:28am

Business & Finance

Aviation industry urges Biden to back COVID-19 health credentials

The Biden administration has taken steps to reduce international travel and mandated masks in nearly all forms of public transit.

Published 09 Mar, 2021 10:01am

World

Mexican inflation likely accelerated in February

The median forecast of 14 analysts was that inflation advanced in February to 3.72% from 3.54% in January.
The Bank of Mexico targets a rate of 3% with a one percentage point tolerance threshold above and below that.

Updated 08 Mar, 2021 10:18pm

Pakistan

Sindh's COVID-19 positivity ratio rises in first week of March

Hyderabad reported the highest corona positivity ratio which increased from 2.47 percent to 8.26 percent in the first week of the month
Karachi’s positivity ratio increased from 3.27 percent to 5.66 percent

Published 08 Mar, 2021 03:04pm

World

Poland set to hit 20,000 coronavirus cases a day, ministry says

A ministry spokesman told the private radio station Radio Plus that Poles should expect restrictions during the Easter holidays.

Updated 08 Mar, 2021 05:09pm

World

Japan govt spokesman says timing of Biden-Suga meeting undecided

Chief Cabinet Secretary Katsunobu Kato said Japan hoped a summit between the two leaders would take place as soon as possible, depending on the coronavirus pandemic situation.

Published 08 Mar, 2021 10:42am

Pakistan

COVID-19 pandemic: 39 deaths, 1,780 new infections reported in 24 hours

NCOC states the total number of active cases has reached 17,352 and the positivity rate stands at 4.57 percent
As many as 1,038 patients have recovered from the virus while 1,595 patients are in critical condition: NCOC

Published 07 Mar, 2021 10:17am

World

AirAsia Group plans air taxi, drone delivery service

KUALA LUMPUR: Malaysia's AirAsia Group Bhd plans to launch an air taxi service and the country's first drone ...

Updated 07 Mar, 2021 05:20pm

Pakistan

DRAP approves Sinopharm vaccine for people above 60 years

NCOC states that the Sinopharm vaccine is being administered to people up to the age of 60 years, however, it would now be used to inoculate citizens above 60 years of age too
On February 2, the first batch of 500,000 doses of Sinopharm vaccine arrived in Pakistan as a gift from China

Updated 05 Mar, 2021 09:22pm

Markets

Oil prices surge as OPEC+ extends output cuts into April

Analysts are reviewing their price forecasts to reflect the continued supply restraint by OPEC+ as well as US shale producers, who are holding back spending in order to boost returns to investors.

Published 05 Mar, 2021 11:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.61
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.24
Euro to USD / Apr 18	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
India Sensex / Apr 18	72488.99
Tokyo Nikkei / Apr 18	37716.66
Nasdaq / Apr 18	15601.50
Hang Seng / Apr 18	16385.87
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40

Item	Value
Crude Oil USD/Barrel / Apr 18	82.64
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Gold Spot USD/Ounce / Apr 18	2374.36
Cotton US¢/pound / Apr 18	80.61
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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