Trends - Coronavirus - Business Recorder

Coronavirus

Roche to make hundreds of millions of COVID-19 rapid tests monthly

The market is totally sold out,
governments are increasingly turning to as global COVID-19 cases skyrocket and swamp test centres .

Published 29 Oct, 2020 07:31pm

World

ECB's Lagarde says COVID-19 clearly worsening near-term economic outlook

While stimulus measures taken by the ECB since March are helping to underpin economic activity.
Risks are "clearly" tilted to the downside, she told the bank's post-meeting news conference.

Published 29 Oct, 2020 07:05pm

World

Mexico passes 90,000 virus deaths, Argentina records 30,000

Mexico has the fourth-highest death toll in the world and recorded another 495 fatalities.
Argentina's health ministry reported a new total of 30,071 deaths in the country.

Published 29 Oct, 2020 06:14pm

World

India passes eight million coronavirus cases

India has one of the world's lowest death rates and the government has highlighted the slowing number of new infections in recent weeks.

Published 29 Oct, 2020 06:06pm

World

France, Germany head to lock down as virus surges in Europe

Chancellor Angela Merkel has ordered a lighter round of shutdowns from Monday, November 2, until the end of the month.

Published 29 Oct, 2020 05:59pm

World

'Time is now' to prepare for virus second wave: Africa CDC

Kenya has experienced average weekly increases of 45 percent over the past four weeks.
Sierra Leone has seen average weekly decreases of 21 percent.

Published 29 Oct, 2020 05:57pm

Business & Finance

Moderna says preparing for launch of experimental coronavirus vaccine

The Cambridge, Massachusetts-based company has signed deals with the US government and several other countries.
Moderna, which has no approved products on the market yet, is one of the handful of companies in final trials for the vaccine

Published 29 Oct, 2020 05:46pm

Life & Style

Khloe Kardashian confirms she had coronavirus

The video clip was released a day after her sister, Kim Kardashian West, drew hefty criticism for celebrating her lavish 40th birthday vacation with a large group.

Published 29 Oct, 2020 02:13pm

Lahore administration seals 35 shops, 5 restaurants for violating COVID-19 SOPs

The administration has imposed 491 micro smart lockdowns across the province.

Published 29 Oct, 2020 02:12pm

Pakistan

Sindh unclear over closer of schools amid second COVID-19 wave

“Keeping in view the surge in COVID-19 cases, we don't know yet if and when schools will be closed again,” says Saeed Ghani.

Published 29 Oct, 2020 01:26pm

COVID-19 positivity ratio higher than 3% as country reports 908 cases

The novel virus also claimed 16 lives in the last 24 hours.

Published 29 Oct, 2020 10:03am

Pakistan

Covid-19 prevention: Placebo-controlled trial begins at AKU

KARACHI: As the world waits impatiently for a Covid-19 vaccine, the Pakistani arm of the largest global study to ...

Published 29 Oct, 2020 02:53am

Covid-19: LTO, RTO Islamabad sealed after two deaths

ISLAMABAD: The Office of the Director General Health here on Wednesday sealed the buildings of Large Taxpayers ...

Updated 29 Oct, 2020 04:41am

Business & Finance

UK, India strengthen economic ties including on Covid

LONDON: Britain and India have agreed to strengthen economic ties, including over financial services and coronavirus...

Updated 29 Oct, 2020 04:41am

Pakistan

Asad appeals public for strict implementation of SOPs to avoid coronavirus

He said that the world had acknowledged the efforts of Pakistan's government regarding measures taken for combating dangerous virus.

Published 28 Oct, 2020 11:53pm

Markets

US dollar gains on rising COVID-19 cases, lockdown risk in Europe

Germany, France to announce restrictions as COVID cases rise.
Implied volatility rises in yen, euro.
Yen rises to 1-month high vs dollar, 3-month high vs euro.

Published 28 Oct, 2020 08:03pm

Markets

Copper plunges as investors brace for coronavirus lockdowns

Stock markets plunged and the dollar strengthened as Germany and France prepared to announce new restrictions.
We're talking about potential new lockdowns in Europe, with cases just galloping. It's really hitting markets in the stomach.

Published 28 Oct, 2020 07:56pm

World

EU sets aside 100 million euros for rapid virus tests

The antigen test for the coronavirus is not seen as being as reliable as the so-called "PCR test", in which a sample taken from a nasal swab is sent to a lab for testing.

Published 28 Oct, 2020 07:49pm

World

Over 500,000 virus cases worldwide in new daily record

In total, 516,898 new infections and 7,723 deaths were announced, according to the tally compiled on Wednesday.

Published 28 Oct, 2020 07:47pm

Business & Finance

GSK warns COVID-19 will dent full-year earnings

GSK shares were down 1% at 1,347.2 pence after the drugmaker's shingles vaccine Shingrix, the biggest driver of sales growth last year, saw quarterly revenue fall 30% from a year earlier.
What we saw through the quarter ... were definitely lower vaccination rates in July and August.

Updated 28 Oct, 2020 08:51pm

Markets

Oil plunges 5pc as coronavirus cases surge, US crude stockpiles swell

Rising COVID-19 cases and lack of US stimulus dent oil prices
US crude stocks rose by 4.6 mln barrels last week -API
Concerns over supply disruption from Hurricane Zeta recede

Published 28 Oct, 2020 07:43pm

Markets

Stocks sink as coronavirus lockdowns loom

Euro STOXX 600 down 2.8% to five-month low.
Germany and France prepare to announce restrictions.
Wall Street futures point to losses.
Euro down 0.6% versus dollar.
Currency market volatility jumps before US election.

Published 28 Oct, 2020 06:37pm

Markets

Yields fall as global COVID cases soar

Germany and France are planning strict restrictions not seen since the spring on Wednesday as COVID-19 deaths across Europe rose almost 40% in a week.
Treasuries bull flattened further overnight as global risk assets came under pressure on renewed lockdown momentum in Europe.

Published 28 Oct, 2020 06:32pm

Pakistan

NCOC issues new guidelines for businesses amid spike in COVID-19

The decision was taken to curb the further spread of an already rising number of coronavirus infections.

Updated 28 Oct, 2020 07:41pm

Markets

Sugar, coffee and cocoa slide on coronavirus lockdowns fears

March raw sugar fell 0.15 cents, or 1%, to 14.68 cents per lb.
March New York cocoa fell $76, or 3.1%, to $2,379 a tonne.
January robusta coffee fell $12, or 0.9%, to $1,339 a tonne, having hit a one-month high on Tuesday.

Published 28 Oct, 2020 06:18pm

Markets

Sterling falls as Europe's COVID-19 resurgence limits risk appetite

Euro zone shares fell and London's FTSE 100 dropped to its lowest level in six months. The dollar index rose around half a percent as investors sought safety.
The EU's chief negotiator, Michel Barnier, is in London for negotiations, after which the talks will continue in Brussels.

Published 28 Oct, 2020 06:15pm

Business & Finance

Bankia quarterly profits slump 80pc on Covid woes

The state currently holds a 61.8 percent stake in Bankia but after the merger, that will drop to around 16 percent.

Published 28 Oct, 2020 05:59pm

World

Air pollution contributed to 15% of coronavirus deaths: Study

It estimates that more than 6,100 COVID-19 deaths in Britain and around 40,000 in the US could be attributed to air pollution.

Published 28 Oct, 2020 05:40pm

World

Merkel eyes tough curbs to tame virus before Christmas

Germany has recorded 464,239 coronavirus cases since the start of the pandemic.
A total of 10,183 people have died so far, according to RKI figures.

Published 28 Oct, 2020 05:40pm

World

Europe faces tougher virus curbs but Melbourne lifts lockdown

Daily cases of Covid-19 in France have topped 50,000, while Germany is regularly reporting 10,000 new infections.

Published 28 Oct, 2020 05:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

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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