Trends - Coronavirus - Business Recorder

Coronavirus

UN chief: COVID-19 signals need for global approach to problems

The UN supply chain was also important in moving medical goods around the globe as COVID-19 spread, Guterres said.

Published 26 Jun, 2020 02:46am

Business & Finance

Nike reports $790mn Q4 loss as sales plunge on COVID-19 hit

Nike reported a loss of $790 million, which translated to a loss of 51 percent compared with analyst expectations for nine cents per share in profit.

Published 26 Jun, 2020 02:43am

World

Israel, UAE to join forces to fight coronavirus

"This collaboration will be in the areas of research and development and technology, in areas that will improve health security throughout the region," Netanyahu said in a statement.

Published 26 Jun, 2020 02:36am

Govt taking tremendous measures to successfully contain coronavirus spread: Shibli

The Pakistan Tehreek-e-Insaf government was taking tremendous measures to successfully combat and contain the spread of coronavirus outbreak, he said talking to a private news channel.

Published 26 Jun, 2020 02:21am

World

Australia's Qantas cuts 6,000 jobs in post-COVID restructure

The coronavirus pandemic had already forced Qantas to cancel nearly all its international flights until at least October and slash domestic routes.

Published 25 Jun, 2020 11:40pm

Pakistan

85 more policemen tested positive for COVID-19 in Sindh

The novel coronavirus had so far claimed lives of 13 policemen in Sindh including 11 in Karachi and two in Hyderabad, a private news channel Thursday reported quoting the Sindh Police spokesperson.

Published 25 Jun, 2020 10:23pm

Pakistan

Coronavirus patients recovery rate is high in Sindh: Bilawal

Criticizing the government in center, he said it was not following the World Health Organization to prevent the spread of coronavirus.

Published 25 Jun, 2020 10:19pm

Markets

Yields fall as COVID-19, jobs report cloud economic view

The benchmark 10-year yield was down 2.5 basis points at 0.6593%.
The trading followed a similar pattern on Wednesday and brought the note's yield far below its monthly high of 0.959% reached on June 5.

Published 25 Jun, 2020 08:40pm

Markets

TSX treads water as rising coronavirus cases offset gains in energy shares

The energy sector climbed 2.8% as US crude prices rose 1.2% a barrel, while Brent crude added 1.3%.
At 9:57 a.m. ET (14:07 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 16.47 points, or 0.11%, at 15,277.91 in choppy trade.

Published 25 Jun, 2020 08:14pm

Business & Finance

Macy's to cut 3,900 jobs to help counter COVID-19 losses

The department store chain, which had about 123,000 employees at the end of January, said it expects to save about $365 million in fiscal 2020.
Macy's in May estimated nearly $1 billion in operating losses in its first quarter and said it would turn i

Published 25 Jun, 2020 07:00pm

Markets

Stocks sapped by coronavirus surge, recession gloom

Virus surges in US, new restrictions considered.
Europe steadies after early tumble, Japan -1.2%, Australia -2.5%.
US stock futures down 0.5% after falling as much as 1.2%.
Dollar stronger in FX markets.
Brent slips back under $40 a barrel.

Published 25 Jun, 2020 06:55pm

Markets

Brazil central bank cuts 2020 GDP forecast to -6.4pc, warns of uncertain recovery

In its quarterly inflation report, the central bank repeated its view from last week's policy meeting.
The economy is expected to recover in the second half of the year, but only gradually.

Published 25 Jun, 2020 06:31pm

Business & Finance

Moderna picks drugmaker Catalent to manufacture potential COVID-19 vaccine

The vaccine, among the first to be tested in humans in the United States, was found to produce protective antibodies in a small group of healthy volunteers.
There are no approved treatments or vaccines for COVID-19 and experts have cautioned that a sa

Published 25 Jun, 2020 06:18pm

World

Nigeria's COVID-19 outbreak could impoverish 5mn people, World Bank says

The World Bank forecasts Nigeria's economy will shrink 3.2-7.4% this year, depending on the severity of the COVID-19 outbreak.
Overall, 42.5% of Nigerians will be poor - defined as living on less than $2 a day - as of 2020, the bank said.

Published 25 Jun, 2020 05:32pm

World

Spanish economy may have shrunk near 20pc in Q2

The fall in Spanish GDP looks to have accelerated significantly in the second quarter to a range whose midpoint would be a decline of around 20% quarter-on-quarter.
Earlier in June, the Spanish central bank said the impact of a lockdown that started i

Published 25 Jun, 2020 05:24pm

World

ADB approves $1.5bn in Kazakhstan, Uzbekistan COVID-19 loans

ADB said its aid would "support the comprehensive COVID-19 health policy response, social protection and employment protection measures.
The pandemic has caused Uzbekistan's economic growth projections to drop to 1.5% this year from 6% forecast previo

Published 25 Jun, 2020 05:06pm

Pakistan's response to coronavirus threat among world's best, PM tells NA session

PM says Modi is a fanatic who is involved in persecution of minorities under its RSS inspired Hindutva ideology

Updated 25 Jun, 2020 05:56pm

Sports

Reserve players undergo COVID-19 test

The five players who were tested are Bilal Asif, Imran Butt, Mohammad Nawaz, Musa Khan and Rohail Nazir along with masseur Mohammad Imran.

Updated 25 Jun, 2020 05:31pm

Markets

Oil falls below $40 on record U.S. inventories, COVID fears

U.S. crude stocks rose 1.4 million barrels to a record high, the Energy Information Administration said on Wednesday. This hit crude prices, as other details the EIA reported such as fall in gasoline stockpiles, lent limited support.

Published 25 Jun, 2020 03:06pm

Sindh's coronavirus tally reaches 75168, death toll jumps to 1178

It reported 1098 new cases and 17 deaths.

Published 25 Jun, 2020 02:50pm

270 flights are expected to land in Pakistan starting tomorrow: Moeed Yusuf

He said all airlines will be allowed to enter in Pakistan.

Published 25 Jun, 2020 02:30pm

Sports

Cricket return: New Zealand confident of hosting Pakistan, others

The Kiwis were scheduled to tour Bangladesh for a series in August which was canceled this week due to the ongoing coronavirus pandemic.

Updated 25 Jun, 2020 02:47pm

World

Russia reports more than 7,000 new coronavirus cases

Russia has reported 613,994 cases.

Published 25 Jun, 2020 01:43pm

Markets

Stocks sell off as coronavirus surge knocks recovery hopes

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%, Tokyo’s Nikkei slumped 1.1% and Australia’s ASX 200 tumbled 2.1%.

Published 25 Jun, 2020 12:47pm

Pakistan

Sheikh Rashid recovers from coronavirus, will be discharged from hospital today

He tested positive for coronavirus on June 8.

Published 25 Jun, 2020 11:16am

BR Research

Spending behavior and COVID-19

Consume spending can serve as a proxy for economic health; coronavirus pandemic has changed consumer spending around...

Published 25 Jun, 2020 10:14am

BR Research

COVID-19 and global cement demand

Coronavirus is not just a pandemic, it is also a fast-growing cancer on economies, particularly those that are ...

Published 25 Jun, 2020 10:00am

Opinion

Covid-19 and sports people

LETTER: How troublesome is the fact that the Pakistan Cricket Board has confirmed that a further seven players and a...

Published 25 Jun, 2020 02:50am

Opinion

Leadership in the midst of Covid-19

ARTICLE: The real test of leadership or the character of a leader emerges only when faced with challenges emanating...

Published 25 Jun, 2020 02:50am

Pakistan

Covid-19-hit areas: Bank Alfalah to donate Rs10m for food supplies

KARACHI: Bank Alfalah has announced to donate PKR 10 million for the provision of much-needed food supplies in areas...

Updated 25 Jun, 2020 03:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

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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