Trends - coronavirus pandemic - Business Recorder

coronavirus pandemic

Spain's unemployment falls to 16.13pc in Q4

As the country's economic activity remained hindered by restrictions seeking to curb the coronavirus pandemic.
Economists polled by Reuters had forecast Spain's unemployment rate would reach 16.6%.

Published 28 Jan, 2021 06:04pm

World

Greek economy seen rebounding 4.0pc-4.3pc this year

The end of the pandemic is beginning to be visible but we are not there yet.
We expect a demand surge when we turn the corner.

Published 28 Jan, 2021 06:02pm

Business & Finance

South Korea POSCO's 2020 profit falls 38% due to sluggish steel demand

For 2021, POSCO said it expects higher consolidated sales at 59.4 trillion won. It also said its capital expenditure and other investments are expected to be 6.1 trillion won in 2021.

Published 28 Jan, 2021 02:16pm

Business & Finance

Toyota overtakes Volkswagen as top-selling global auto maker

That was still better than the more than 15 percent drop in sales Volkswagen announced earlier this month.

Published 28 Jan, 2021 12:45pm

Markets

Australia central bank cash rate seen at record low; QE likely to extend

"We also think it too soon to see any real change in RBA policy or guidance," Ticehurst added. "We do expect a QE extension in April."

Published 28 Jan, 2021 10:58am

Markets

Asia's crude oil imports surge in January, and it's more than just China: Russell

However, there are some factors still worth watching, chief among them the levels of refined product exports from Asia's big four crude importers.

Published 28 Jan, 2021 10:54am

World

US stands with SE Asian countries against China pressure

US relations with China deteriorated under former US President Donald Trump over a variety of issues including the pandemic, Chinese policies in Hong Kong, Beijing's treatment of its Muslim minority and trade.

Published 28 Jan, 2021 10:33am

Business & Finance

Tesla reports $721mn in 2020 earnings, first profitable year

Forbes' "real-time" billionaire's list ranked Musk second on Wednesday after Amazon chief Jeff Bezos but just ahead of LVMH chief Bernard Arnault.

Published 28 Jan, 2021 09:53am

Pakistan

Pakistan to start COVID-19 vaccination drive next week

China has pledged to donate 500,000 doses of coronavirus vaccine made by the Chinese firm SinoPharm.
Pakistan has so far approved two vaccines for emergency use, one made by China National Pharmaceutical Group (SinoPharm) and the other by AstraZeneca.
"There's going to be an accumulation of vaccines, a consortium available, there's going to be Chinese vaccines, there's going to be AstraZeneca."

Published 27 Jan, 2021 09:14pm

Business & Finance

Kenya central bank holds main lending rate for sixth time in a row

The central bank said commercial banks have so far restructured 1.63 trillion Kenyan shillings ($14.81 billion) in loans.
Like other economies worldwide, Kenya's tourism, education, transport and other key sectors have been hit hard by the COVID-19 pandemic.

Published 27 Jan, 2021 08:05pm

World

COVID-19 has exacerbated South Africa's growth, fiscal vulnerabilities: IMF

"Reining in large fiscal deficits and debt will require containing public wage bill and avoiding ill-targeted subsidies and transfers to inefficient state-owned enterprises," the IMF said.

Published 27 Jan, 2021 08:04pm

Markets

China industry body sees rising steel demand in 2021, eyes raw materials safety

As the recovery of steel demand and production in overseas markets still faces difficulties amid the pandemic, the steel association anticipated China's rising imports and falling exports to continue this year.

Published 27 Jan, 2021 01:14pm

Business & Finance

Saudi Arabia hosts 'Davos in Desert' amid pandemic

But the following year, the fallout over journalist Jamal Khashoggi's murder by Saudi agents in Istanbul prompted a wave of business and political leaders to pull out of the glitzy conference at the last minute.

Published 27 Jan, 2021 12:17pm

World

Enough Covid vaccine for 300mn Americans by end of summer/early fall: Biden

"More than 400,000 Americans have already died," he said. "This is a war-time undertaking. It's not hyperbole."

Published 27 Jan, 2021 11:43am

Technology

Microsoft profit soars as pandemic speeds shift to cloud

He envisioned "hybrid" work styles that combine remote work with visits to offices or other job sites.

Published 27 Jan, 2021 11:09am

Markets

Tokyo stocks open higher ahead of earnings

Among major shares in Tokyo, Panasonic was up 2.91 percent at 1,468 yen, industrial robot firm Fanuc was up 2.74 percent at 27,895 yen, and Olympus was up 0.95 percent at 2,018.5 yen.

Published 27 Jan, 2021 09:31am

World

Expected rise in 2021 US restaurant sales not enough to offset pandemic losses: report

Sales for the hard-hit industry fell nearly 24% in 2020 to $659 billion from $864.3 billion the year before, according to the National Restaurant Association's report.
Of those closed permanently, many were neighborhood fixtures. The majority had been open for 16 years on average, and 16% had been in business for at least 30 years.

Published 26 Jan, 2021 07:41pm

Business & Finance

Autoliv profit tops forecast as car production recovers from pandemic blow

Although the pandemic is not yet behind us, I am confident that our performance in the second half of the year shows that we have built a solid platform to move towards our mid-term targets.
The auto industry was thrown into turmoil last spring when the spread of COVID-19.

Published 26 Jan, 2021 05:04pm

World

Italy PM set to quit and seek new govt as pandemic rages

He will likely then seek to widen support beyond his coalition, currently comprising mainly of the populist Five Star Movement (M5S) and the centre-left Democratic Party (PD).

Published 26 Jan, 2021 01:06pm

World

Second night of Netherlands violence as Biden touts herd immunity

"Rich countries are rolling out vaccines, while the world's least-developed countries watch and wait," lamented WHO director-general Tedros Adhanom Ghebreyesus.

Published 26 Jan, 2021 12:54pm

Business & Finance

South Korea posts worst growth in two decades

The central bank said exports expanded 5.2 percent in the fourth quarter from three months earlier, offsetting a slump in private consumption due to toughened social distancing rules in recent weeks.

Published 26 Jan, 2021 11:14am

Markets

Indonesia central bank gov says signs of inflation pressure may be seen in Q4

BI cut interest rates a total of 125 basis points and pumped more than $50 billion of liquidity into the financial system last year to help the economy weather the impact of the coronavirus pandemic.

Published 25 Jan, 2021 12:56pm

Markets

Asia LNG price spike may curtail switch to spot pricing: Russell

The compromise may be the increasing popularity of short-term, flexible contracts, which can vary from a few months to a few years and be priced against different benchmarks.

Published 25 Jan, 2021 12:50pm

World

Leaders set for online climate adaptation summit

These include reducing the vulnerability of countries to rising sea levels, extreme weather and food shortages.

Published 25 Jan, 2021 11:28am

World

Trudeau co-opts Sanders meme to urge Canadians from traveling

"But this..." he said, referring to Sanders' supposed appearance outside his house. "Now is not the time to travel. Stay home - and by that, I mean your own home."

Published 24 Jan, 2021 12:07pm

Sports

South Africa Tests mark 'monumental moment' for Pakistan cricket

The second Test is in Rawalpindi from February 4-8 followed by three Twenty20 internationals in Lahore on February 11, 13 and 14.

Published 24 Jan, 2021 10:50am

Pakistan

Govt allows Russia's Sputnik V COVID vaccine for 'emergency use'

Russia’s Sputnik V Covid-19 vaccine has become the third to be approved for emergency use in the country
The double dose of Sputnik V in Pakistan would cost double the rates at which it is available in India

Published 24 Jan, 2021 10:24am

World

Argentina hails German Falklands travel request as support for sovereignty claim

The German government did not immediately respond to a Reuters request for comment.

Published 22 Jan, 2021 11:14am

Markets

Australian dollar slips after bleak Dec retail sales data, NZ$ weakens

Westpac on Thursday ditched its call for two more rate cuts from the Reserve Bank of New Zealand (RBNZ) and forecast rates would be held at 0.25% for the foreseeable future.

Published 22 Jan, 2021 10:55am

Pakistan

Asad terms PTI govt performance outstanding, marvelous

The minister said the previous government of Pakistan Muslim League-Nawaz (PML-N) had left fragile economy by taking huge foreign loans.

Published 21 Jan, 2021 09:10pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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