Trends - COVID19 - Business Recorder

COVID19

Facebook, Twitter face British fines if fail on harmful content

Dowden said the framework would give large digital businesses "robust rules" to follow.

Published 15 Dec, 2020 09:39am

World

Pelosi, Mnuchin discuss COVID-19 relief, spending bill: Pelosi spokesman

Pelosi reiterated Democratic concerns about liability provisions in the COVID-19 relief bill, and told Mnuchin that remaining unresolved items in the spending bill could be resolved easily, Pelosi spokesman Drew Hammill wrote on Twitter.

Published 15 Dec, 2020 09:38am

Business & Finance

China's factory recovery steps up as export, consumer demand grows

"We expect 7% GDP growth in 2021 from 1.7% in 2020," said Iris Pang, ING's Chief Economist for Greater China, by email.

Published 15 Dec, 2020 09:26am

World

Pfizer vaccines reach 141 of 145 locations slated for first day deliveries

US officials are hoping Moderna Inc's COVID-19 vaccine, which is currently being reviewed by US regulators, will be available for distribution as early as the beginning of next week, Perna said.

Published 15 Dec, 2020 09:05am

World

China reports 17 new COVID-19 cases vs 16 a day earlier

The total number of confirmed COVID-19 cases in China now stands at 86,758. The death toll remains unchanged at 4,634.

Published 15 Dec, 2020 09:01am

Markets

Dollar heavy amid stimulus progress, pound buoyed by Brexit hopes

The Aussie rose 0.1% to 75.372 US cents after touching the highest since June 2018 at 75.780 on Monday.

Published 15 Dec, 2020 08:56am

World

U.S. Congress in sprint to fund government, approve COVID-19 emergency aid

The U.S. Congress will try this week to end months of indecision and infighting over the federal government’s budget priorities and coronavirus aid, with more than $2 trillion in funding from Washington potentially at stake.
Without a deal, the government must begin shutting non-emergency programs and furloughing many workers.

Published 14 Dec, 2020 08:34pm

World

Toronto hospital to begin COVID-19 vaccinations on Monday

Vaccines have arrived at the Toronto's University Health Network hospital and a "small number" will receive the shots, he added.

Published 14 Dec, 2020 08:26pm

World

Mexico says Pfizer vaccine doses could arrive in 5-8 days

"The request is being made today, and according to our contract, we could have it here in a period of something like five to eight days,"

Published 14 Dec, 2020 08:21pm

World

Germany's stricter lockdown increases recession risks

The economy rebounded by a stronger-than-expected 8.5pc in the third quarter, driven by higher consumer spending and booming exports.

Published 14 Dec, 2020 08:17pm

World

London to move into toughest tier of COVID-19 restrictions – report

More than 40% of citizens were placed in the highest risk category.
“Moving into Tier 3 before Christmas will be deeply disappointing for Londoners, and a terrible blow to the capital’s hospitality, leisure and cultural sectors,” said John Dickie, Director of Strategy and Policy at business campaign group London First.

Published 14 Dec, 2020 08:12pm

Markets

C$ firms as risk appetite rises on vaccine, Brexit optimism

In the bond market, Canadian government bonds were higher across the board in line with U.S. Treasuries.

Published 14 Dec, 2020 07:55pm

World

AstraZeneca UK vaccine trial drops sub-group with children: U.S. trial register

AstraZeneca, which is developing the vaccine along with the University of Oxford, did not immediately respond to a request for comment.

Published 14 Dec, 2020 07:33pm

Pakistan

COVID-19 claims 6 more lives, infects 1,260 in Sindh

The chief minister said currently 25,589 patients were under treatment, including 24,572 in home isolation, 16 at isolation centers and 1,001 in hospitals.

Updated 15 Dec, 2020 02:57pm

World

Phillips 66 expects to spend 43pc less in 2021

The company said market conditions "remain challenged" after the COVID-19 pandemic decimated fuel demand for most of 2020.

Published 14 Dec, 2020 06:32pm

World

U.S. lawmakers plan to split $908 billion COVID-19 plan into two parts: source

A $908 billion bipartisan COVID-19 relief plan set to be introduced in the U.S. Congress as early as Monday will be split into two packages in a bid to win approval.
One of the sponsors of the $908 billion plan, Democratic Senator Joe Manchin, said earlier on Sunday it would be introduced formally on Monday.

Published 14 Dec, 2020 03:41pm

World

Japan to decide on third extra budget to ease COVID-19 pain

The extra budget comes a week before next fiscal year's annual budget draft is due to be decided, both of which will be rolled out together as a 15-month budget.

Published 14 Dec, 2020 03:30pm

Technology

Pakistani doctor develops instant COVID-19 Diagnostic test App

Raza Bashir Tarar hoped that clinical trials of the innovation would prove its efficacy for the COVID-19 test and pave the way for necessary approvals before put to use at the mass level.

Published 14 Dec, 2020 03:23pm

Pakistan

PM prays for early recovery of Maulana Tariq Jamil

The Prime Minister in a tweet said, "Praying for Maulana Tariq Jamil's speedy and full recovery from Covid-19."

Published 14 Dec, 2020 02:50pm

Pakistan

Pakistan likely to get COVID-19 vaccine in next two months

Dr Atta explained that dispensing the vaccine will be a lengthy procedure because of Pakistan's population.
The federal cabinet approved a grant of $150 million to procure the virus vaccine.

Updated 14 Dec, 2020 02:40pm

World

Divided Washington debates Covid-19 relief plan as deadline looms

On the issue of legal responsibility, she said, "a compromise on the liability issue should be found that does not jeopardize workers' safety."

Published 14 Dec, 2020 12:42pm

Markets

Financials lift Australian shares on hopes of vaccine-led recovery

The healthcare sector has been under pressure after Australia halted its COVID-19 vaccine programme last week.

Published 14 Dec, 2020 12:35pm

World

South Korea president calls for steps to help exporters hit by strong won

He said that measures to boost exports and investments should be further bolstered at a time when domestic demand and consumption are shrinking due to a worsening COVID-19 situation at home.

Published 14 Dec, 2020 12:31pm

Markets

South Africa's rand firms as virus vaccine rollout progress lifts risk appetite

Improved global risk appetite has supported the rand in recent weeks, gaining nearly 7% since the start of November, but concerns about a new wave of coronavirus infections and its impact on a frail local economy have limited gains.

Published 14 Dec, 2020 12:27pm

Markets

Japan shares end higher on vaccine roll-outs, BOJ tankan

Nintendo jumped 3.13% as the Kyoto-based gaming company continued to benefit from tougher social restrictions.

Published 14 Dec, 2020 12:25pm

Business & Finance

Trial fails of ruxolitinib in COVID-19: Novartis

The trial also did not show relevant benefit for other endpoints including mortality rate by day 29 and time to recovery, it said on Monday.

Published 14 Dec, 2020 12:20pm

Business & Finance

Honda's UK output to resume on Monday after parts delays

"Honda of the UK Manufacturing has confirmed to employees that full production operations will resume in all areas on Monday 14 December," the firm said in a statement.

Published 14 Dec, 2020 12:05pm

Markets

South Korea stocks flat as surging COVID-19 cases eclipse vaccine hopes

The won was quoted at 1,089.9 per dollar on the onshore settlement platform, 0.04% higher than its previous close at 1,090.3.

Published 14 Dec, 2020 11:44am

Markets

Indian shares hit record highs, all eyes on Burger King debut

Burger King India, which runs the franchise of Restaurant Brands International Inc's US chain Burger King, will debut later during the session on Monday.

Published 14 Dec, 2020 11:22am

World

Trump suggests White House staff will wait longer for COVID-19 vaccines

Doses of the vaccine will reach 145 locations across the country on Monday, with initial shots to go to healthcare workers and elderly residents of long-term care homes.

Published 14 Dec, 2020 11:15am

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.25 ▲ 0.52 (13.94%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.95 ▲ 0.92 (11.46%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.98 ▲ 0.58 (9.06%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	5.75 ▲ 0.47 (8.90%)
Next Capital / Dec 4 Next Capital Limited(NEXT)	6.74 ▲ 0.52 (8.36%)
Tandlianwala Sugar / Dec 4 Tandlianwala Sugar Mills Limited(TSML)	80.63 ▲ 5.63 (7.51%)
Biafo Ind. / Dec 4 Biafo Industries Limited(BIFO)	141.88 ▲ 9.90 (7.50%)
Bal. Wheel / Dec 4 Baluchistan Wheels Limited(BWHL)	175.66 ▲ 12.26 (7.50%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.57 ▼ -0.93 (-9.79%)
Pak Gulf Leasing / Dec 4 Pak-Gulf Leasing Company Limited(PGLC)	7.03 ▼ -0.72 (-9.29%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
F.Credit & Inv / Dec 4 First Credit and Investment Bank Limited(FCIBL)	5.57 ▼ -0.52 (-8.54%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Wah-Noble / Dec 4 Wah Noble Chemicals Limited(WAHN)	187.25 ▼ -15.14 (-7.48%)
Chakwal Spinning / Dec 4 Chakwal Spinning Mills Limited(CWSM)	2.02 ▼ -0.15 (-6.91%)
United Brands / Dec 4 United Brands Limited(UBDL)	16.38 ▼ -1.12 (-6.40%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.08
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▼ -0.01
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.21
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.68
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.11
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.02
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	14,501,729 ▲ 6.58
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.28
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 1.50
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	12,313,791 ▲ 0.48

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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