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Coronavirus Vaccine

Bank of Canada will not ramp up bond buying, economists say

That was despite plans for C$100 billion of fiscal stimulus from the government, ultra-low interest rates and a scheduled C$16 billion of asset purchases per month by the BoC.

Published 04 Dec, 2020 06:34pm

World

Moscow launches online registration for COVID-19 vaccination

Sputnik V, one of two Russian-made vaccines to have received regulatory approval in Russia despite clinical trials being incomplete, requires two injections.

Published 04 Dec, 2020 06:26pm

Markets

Oil moves up towards $50/bbl after OPEC+ supply compromise

OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.

Published 04 Dec, 2020 06:14pm

Business & Finance

Bank of England's Saunders says floor for rates might be just below zero

Members of the BoE's Monetary Policy Committee have expressed differing views over the suitability for Britain of negative rates, which have been used in other European countries and in Japan.

Published 04 Dec, 2020 06:12pm

Markets

Copper strides to highest peaks since 2013 on U.S. stimulus plans

Copper, often used as a gauge of global economic health, was poised for a fifth straight weekly gain with a rise of 3.4pc.

Published 04 Dec, 2020 06:02pm

Business & Finance

Thai central bank says economy may shrink less than forecast this year

In September, the BOT forecast the tourism-reliant economy would shrink a record 7.8pc this year before growing 3.6pc in 2021.

Published 04 Dec, 2020 05:56pm

Markets

German bond yields dip before U.S. jobs data, but set for biggest weekly rise since Pfizer

German benchmark 10-year bond yields, which had followed Treasuries higher but then retraced much of their rise on Thursday, were down about 1 basis point on Friday to -0.55pc

Published 04 Dec, 2020 05:29pm

Markets

Gold heads for weekly gain on muted dollar, U.S. stimulus bets

Spot gold was little changed at $1,838.44 per ounce by 1131 GMT, and has added about 3pc so far this week. U.S. gold futures were up 0.1pc at $1,842.50.

Published 04 Dec, 2020 05:26pm

World

First U.S. delivery of COVID-19 vaccine will leave out many high-risk workers

Across the country, state health departments are preparing local hospitals for the first shipments of Pfizer Inc's COVID-19 vaccine if the U.S. Food and Drug Administration authorizes it, possibly as early as mid-December.

Published 04 Dec, 2020 05:20pm

World

Drug Dealers on the Dark Web are illegally selling 'Pfizer COVID Vaccines'

As the United Kingdom is slated to be the first country in the world to carry out a large-scale rollout of the Sars-CoV2 vaccine, the dark corners of the internet are inundated with the "Pfizer COVID-19 vaccine" for sale.
These unverified doses of the vaccine could cost as much as $1300 per dose; blatantly exploiting the unprecedented demand for vaccinations amidst the second wave of the pandemic.

Updated 04 Dec, 2020 04:40pm

World

Biden says he'll publicly get a COVID-19 vaccine, keep Fauci

“People have lost faith in the ability of the vaccine to work,” Biden said.

Published 04 Dec, 2020 10:15am

PM presents 10-point agenda to fight COVID-19 globally

During his UNGA address, PM said the COVID-19 pandemic is the most serious global crisis since World War II.
Laying out his 10-point agenda to defeat coronavirus, PM requested for debt suspension till the end of the pandemic for low-income countries.

Updated 04 Dec, 2020 10:42am

Pakistan

Alarming situation: 55 more succumb to COVID-19 as country records rapid rise in infections

At least 3,262 fresh coronavirus cases were reported in the last 24 hours while the total death tally due to the deadly disease has reached 8,260

Published 04 Dec, 2020 10:05am

Technology

Hackers targeting Covid-19 vaccine supply chain, IBM warns

NEW YORK: Hackers are targeting the coronavirus vaccine supply chain, IBM warned Thursday, saying it had uncovered a...

Published 04 Dec, 2020 03:04am

Markets

Oil on track for highest since March after OPEC+ output cut deal

NEW YORK: Oil prices on Thursday were on track to hit their highest closes since early March after sources said OPEC...

Published 04 Dec, 2020 03:04am

Markets

OPEC+ agrees small oil output hike from January

LONDON/DUBAI/MOSCOW: OPEC and Russia on Thursday agreed to a modest oil output increase from January by 500,000...

Published 04 Dec, 2020 03:04am

Markets

Saudi shares down; other Gulf markets up

• Dubai, Abu Dhabi shut for 3rd straight day DUBAI: Saudi shares ended the week lower on Thursday, tracking ...

Published 04 Dec, 2020 03:04am

Markets

Japan shares near 29-year peak

TOKYO: Japan shares held close to a 29-1/2-year high on Thursday as major countries moved closer to rolling out...

Published 04 Dec, 2020 03:04am

Markets

China stocks lower

SHANGHAI: China stocks ended lower on Thursday, weighed down by fresh tensions between Beijing and Washington after...

Published 04 Dec, 2020 03:04am

Markets

S&P climbs to record high

• Salesforce drops on $28bn deal

Updated 04 Dec, 2020 03:32am

Markets

US MIDDAY: Gold moves higher

NEW YORK: Gold firmed on Thursday as the dollar fell and investors clung to hopes of an eventual breakthrough in...

Published 04 Dec, 2020 03:04am

Business & Finance

Aussie, kiwi near highest since 2018

SYDNEY: The Australian and New Zealand dollars were both near their highest since 2018 on Thursday as investors...

Published 04 Dec, 2020 03:04am

Markets

US dollar slides to 2-1/2-year low on vaccine optimism

Euro hits fresh 2-1/2-year high vs dollar.
Dollar falls to lowest since January 2015 vs Swiss franc.
US jobless claims fall in latest week.

Published 04 Dec, 2020 02:23am

Markets

S&P 500 ends lower after hitting record high

Boeing jumps on Ryanair's 737 MAX jet orders.
Jobless claims fall after rising for two straight weeks.
Goldman Sachs raises Tesla to "buy".

Published 04 Dec, 2020 02:21am

Markets

Canadian dollar extends rally as investors cheer vaccine progress

Canadian dollar gains 0.5% against the greenback.
Loonie touches a 2-year high at 1.2852.
Price of US oil settles 0.8% higher.
Canadian bond yields trade mixed across a flatter curve.

Published 04 Dec, 2020 02:04am

World

Coronavirus claims 1.5 million lives globally with 10,000 dying each day

Half a million deaths occurred in just the last two months, indicating that the severity of the pandemic is far from over.
The novel coronavirus caused more deaths in the past year than tuberculosis in 2019 and nearly four times the number of deaths due to malaria.

Published 04 Dec, 2020 01:52am

Markets

Gold firms on stimulus bets, weak dollar

Platinum hits highest since Jan. 16 at $1,034/oz.
Palladium falls over 7%.
Dollar trades near 2-1/2 year low.

Published 04 Dec, 2020 01:07am

World

Canada could approve Pfizer's COVID-19 vaccine within the next week

Things have been progressing really well, and we're expecting within the next week to 10 days to be making a final decision.
A second wave is sweeping Canada, setting daily records for the number of new cases. So far, Canada has reported a total of 389,778 cases of COVID-19 and 12,325 deaths.

Published 04 Dec, 2020 01:04am

Markets

Oil on track for highest since March after OPEC+ output cut deal

The increase means the Organization of the Petroleum Exporting Countries (OPEC) and Russia, a group known as OPEC+.
Brent futures rose 62 cents, or 1.3%, to $48.87 a barrel .

Published 04 Dec, 2020 12:51am

Markets

Vaccine optimism propels Nasdaq to record high

Boeing jumps on Ryanair's 737 MAX jet orders.
Jobless claims fall after rising for two straight weeks.
Goldman Sachs raises Tesla to "buy".
Indexes: Dow +0.42%, S&P 500 +0.04%, Nasdaq +0.36%.

Published 04 Dec, 2020 12:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42
France CAC40 / May 17	8167.50
Tokyo Nikkei / May 20	39197.34

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

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

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

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

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