Trends - coronavirus pandemic - Business Recorder

coronavirus pandemic

Total posts 2020 net loss of $7.2bn

The company, which was to change its name to Total Energies to reflect a move away from fossil fuels.

Published 09 Feb, 2021 01:12pm

Pakistan

China donates COVID-19 vaccine to Pakistan's Armed Forces

ISPR states the army has decided to contribute the vaccine to the national vaccination drive so it can be administered to frontline healthcare workers
The army extended its deepest gratitude to China for this “magnanimous donation” during testing times: ISPR

Published 08 Feb, 2021 01:09pm

World

Pandemic takes mental health toll on US youngsters

Duffy notes that there's fear of the virus, pain if a family member dies, and economic, food and housing insecurity generated by the pandemic all contributing to children's trauma.

Published 08 Feb, 2021 12:03pm

Business & Finance

SoftBank Group net profit soars to $11.1bn in third quarter

Net profit for October-December hit 1,171.9 billion yen, more than 21 times higher than the 55.0 billion yen reported a year earlier, the conglomerate said.

Published 08 Feb, 2021 11:55am

Markets

Japan bank deposits rise at record pace as firms, households hoard cash

The BOJ eased monetary policy twice last year to cushion the economic blow from COVID-19, including by creating a new lending facility aimed at channeling funds to cash-strapped firms via financial institutions.

Published 08 Feb, 2021 11:38am

Sports

Japanese sway in supportive towards Tokyo Olympics this summer

Just 36% of the public are in favour of holding the Tokyo Olympics this summer, of which 28% are calling for no spectators while the remaining 8% back allowing spectators.

Published 08 Feb, 2021 11:36am

Pakistan

COVID jab mandatory for pilgrims intending to perform Hajj

An estimated 200,000 people from Pakistan will go for the religious obligation this year
The pilgrims going for Hajj from all over the world will be vaccinated against coronavirus in their own countries

Published 08 Feb, 2021 11:02am

Sports

Delayed Australian Open tennis Grand Slam begins

Japan's Naomi Osaka, the third seed, struck the first serve of the tournament on Rod Laver Arena against Russia's Anastasia Pavlyuchenkova.

Published 08 Feb, 2021 10:08am

Markets

Indonesia virus-hit economy posts first yearly contraction since 1998

Several million Indonesians have been laid off or furloughed as the central bank repeatedly cut interest rates in a bid to spur growth.

Published 05 Feb, 2021 10:42am

Business & Finance

Spain creates 100mn euro fund for small aerospace firms

The government unveiled the fund, as well as a program to boost research and development in the industry.
Production of short-range commercial jets fell 35% in 2020, the government said, after a year in which travel restrictions to contain the virus slammed the brakes on international travel.

Published 04 Feb, 2021 07:51pm

Business & Finance

Unilever underlying sales rose 3.5% in last quarter

Setting out its longer-term targets, Unilever said it would aim for underlying sales growth ahead of its markets, delivering growth in the range of 3% to 5%, as well as profit growth ahead of sales growth.

Published 04 Feb, 2021 01:48pm

Markets

Shell profit slides to $4.8bn in 2020 as pandemic hits demand

In a sign of confidence, Shell said it expected to raise its dividend for the first quarter of 2021 by 4% from the previous quarter.

Published 04 Feb, 2021 01:29pm

World

Brazil favelas launch bank amid economic hit of pandemic

Traditional loans are a nearly impossible dream for households and businesses in the favelas.

Published 04 Feb, 2021 12:54pm

Markets

Deutsche Bank posts first annual net profit since 2014: statement

Net profit for 2020 reached 113 million euros, while for the fourth quarter of the year, net earnings came in at 51 million euros.

Published 04 Feb, 2021 12:29pm

Markets

Gold may get China, India physical demand boost as ETF spike fades: Russell

Jewellery demand in China was smacked down 35% to 415.6 tonnes in 2020, while in India it slumped 42% to 315.9 tonnes.

Published 04 Feb, 2021 11:47am

Markets

Indonesia 2020 fuel demand was down 25% y/y

"This year we estimate that there will be a 10%-12% increase in demand," Nicke said, adding that demand will still not be on par with 2019 levels.

Published 04 Feb, 2021 11:45am

Business & Finance

PayPal profit tops estimates as pandemic drives online spending to record levels

PayPal says it is expecting an addition of about 50 million active users in 2021 and forecast annual revenue of about $25.5 billion
PayPal’s processed payments in the latest quarter rose 39% to $277.1 billion, with an additional 16 million net new active customers

Published 04 Feb, 2021 10:42am

Markets

Euro zone economy coping better with second lockdown: ECB

Overall employment was also likely to trend downward due to lower sales but much of this can be managed with voluntary redundancies and early retirement, the ECB added.

Published 03 Feb, 2021 02:03pm

Pakistan

DRAP authorises AGP to import Sputnik V vaccine in Pakistan

The firm is making efforts to ensure the availability of sufficient supplies on an emergency basis
Vaccine has been approved by 15 countries and has a good safety profile: AGP

Published 03 Feb, 2021 12:59pm

World

US senators urge White House action on auto chip shortage

The White House did not immediately comment.

Published 03 Feb, 2021 12:26pm

Pakistan

Procurement of COVID vaccine from Beijing proof of strong Pak-China friendship: Qureshi

Foreign minister says China's befitting gesture once again demonstrated that it stood by Pakistani people in the hour of need
Qureshi thanked the People's Liberation Army and Chinese doctors for coming to Pakistan and training medical health professionals on how to combat the virus

Published 01 Feb, 2021 03:52pm

Business & Finance

Japan Airlines projects higher losses over pandemic

Japan's second-largest carrier said it projected a net loss of 300 billion yen for the year ending March 2021, up from its previous forecast of 240-270 billion yen.

Published 01 Feb, 2021 01:50pm

Markets

European stocks rebound in early deals

In the eurozone, Frankfurt's DAX 30 rose 1.1 percent to 13,584.47 points and the Paris CAC 40 added almost 1.0 percent to stand at 5,451.12.

Published 01 Feb, 2021 01:46pm

Pakistan

PIA issues new instructions for crew after disappearance of two flight attendants

Cabin crew are required to deposit their passports with a station manager after immigration and customs formalities
The staff of a hotel where they will stay will ensure every cabin crew member checks in at the hotel and will report immediately if they find anyone missing

Published 01 Feb, 2021 12:38pm

Business & Finance

Employees of Deutsche Bank call centre unit to strike from Saturday

The strike will affect some 650 staff in Berlin and Essen who have sought a 6% pay increase.
A recent four-day strike led to 45-minute waits for customers trying to get through to the bank.

Published 29 Jan, 2021 08:50pm

Business & Finance

Czech mortgages grow to record in 2020 despite pandemic

The central bank has been monitoring the mortgage and housing market in recent years as a potential source of inflationary pressures caused by soaring property prices.
House prices were 17% overpriced on average, the bank said in November as it warned against risks to both banks and the broader economy.

Published 29 Jan, 2021 07:37pm

Business & Finance

Virus pushes French economy into deep recession

The government for its part had estimated the economy would shrink by a much worse 11 percent for the year.

Published 29 Jan, 2021 02:24pm

Business & Finance

Virus crisis slashes H&M 2020 earnings

Among the worst affected markets, sales in France plunged 28 percent, with Italy down 24 percent, the United States 17 percent and Britain 16 percent.

Published 29 Jan, 2021 02:15pm

Markets

BOJ debated merits of bigger yield moves ahead of March review

Under yield curve control (YCC), the BOJ guides short-term rates at -0.1% and 10-year bond yields around 0% through huge bond purchases. It also pledges to buy ETFs by up to 12 trillion yen ($115 billion) per year as part of its stimulus programme.

Published 29 Jan, 2021 12:00pm

Business & Finance

South Korea POSCO's 2020 profit falls 38pc on-year due to sluggish steel demand

The world's fifth-biggest steelmaker released its full-year 2020 numbers in a filing, without giving a breakdown of its October-December figures.
The steelmaker's fourth-quarter consolidated profit was 863 billion won ($969.66 trillion) versus an average estimate for an 850 billion won profit from 15 analysts

Published 28 Jan, 2021 06:30pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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