Trends - COVID19 - Business Recorder

COVID19

Oil up as investors focus on vaccine rollout, brush off recovery concerns

First Americans vaccinated as US deaths pass 300,000.
European curbs tightened due to rise in COVID-19 cases.
US crude inventories expected to fall in weekly reports.
IEA says vaccine impact on demand several months away.

Published 16 Dec, 2020 12:42am

Business & Finance

ECB eases COVID-19 crisis ban on dividends as outlook improves

Payout cap set at 15% of 2019/20 profits.
ECB urges 'extreme moderation' with bonuses.

Published 16 Dec, 2020 12:38am

World

Canada has deal to get Moderna's COVID-19 vaccine within 48 hours of regulatory approval

The Pfizer/BioNTech vaccine received regulatory approval last week and Canada began using it for vaccinations on Monday.

Published 15 Dec, 2020 09:20pm

Markets

Mexican peso firms with focus on central bank bill debate

Ratings agency Moody's warned late on Monday that the reform would be "credit negative" for the sovereign because it would compromise the bank's autonomy.

Published 15 Dec, 2020 08:09pm

Markets

Wall St opens higher on stimulus hopes; Fed in focus

The S&P 500 opened higher by 18.92 points, or 0.52pc, at 3,666.41, while the Nasdaq Composite gained 103.22 points, or 0.83pc, to 12,543.26 at the opening bell.

Published 15 Dec, 2020 08:00pm

Markets

China data and vaccine optimism lifts copper price

Benchmark three-month copper on the London Metal Exchange (LME) added 0.3pc to $7,777 per tonne by 1210 GMT.

Published 15 Dec, 2020 07:03pm

Markets

Gold gains as COVID-19 cases fuel stimulus expectations

Spot gold was up 0.9pc to $1,844.10 per ounce by 1255 GMT, while U.S. gold futures rose 0.9pc to $1,848.70.

Published 15 Dec, 2020 06:43pm

World

Sweden failed to protect elderly in COVID pandemic, commission finds

When announced during the spring, the strategy was coupled with a goal to “ring-fence” the elderly from COVID-19.
In the commission’s first findings, it said the overall spread and previously known structural problems within the elderly care system, for which the current and previous governments were ultimately responsible, were to blame for the many deaths.

Published 15 Dec, 2020 06:35pm

World

Sweden failed to protect elderly in COVID pandemic, commission finds

When announced during the spring, the strategy was coupled with a goal to “ring-fence” the elderly from COVID-19.
In the commission’s first findings, it said the overall spread and previously known structural problems within the elderly care system, for which the current and previous governments were ultimately responsible, were to blame for the many deaths.

Published 15 Dec, 2020 06:35pm

Pakistan

PNSC achieves topline growth in first quarter

The National flag carrier trading under the name of PNSC is engaged in transportation of dry bulk and liquid cargoes globally.

Published 15 Dec, 2020 06:00pm

Business & Finance

China central bank urges wider acceptance of cash as payments go digital

The central bank said payments of some basic public services such as medical treatment, water, electricity and gas fees have gradually migrated online.

Published 15 Dec, 2020 05:43pm

World

New kinds of loans and bonds could fill $28 billion COVID funding gap: WHO

The WHO and GAVI vaccine alliance aim to provide poor and middle-income countries with diagnostic tests and vaccines through a fund known as the Access to COVID-19 Tools (ACT) Accelerator
Senior WHO adviser says financing is what stands between us and getting out of this pandemic as rapidly as possible

Published 15 Dec, 2020 05:01pm

Markets

Euro holds firm as U.S. stimulus hopes weigh on dollar

The dollar index, which measures the greenback against a basket of currencies, rose slightly to 90.802.

Published 15 Dec, 2020 04:40pm

World

UK reports 20,263 new COVID cases, 7-day total up 22pc

Since the start of the pandemic, the United Kingdom has recorded 1.870 million cases of COVID-19 and 64,402 deaths from the virus.

Published 15 Dec, 2020 04:14pm

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.

Published 15 Dec, 2020 04:10pm

World

European regulator to approve COVID-19 vaccine on Dec. 23

EMA said in early December it planned to decide on whether to approve the BioNTech/Pfizer vaccine by Dec 29, and another being developed by Moderna by Jan. 12.

Published 15 Dec, 2020 04:02pm

Markets

Indian shares end flat as investors book profits after sharp rally

The blue-chip NSE Nifty 50 index ended 0.07pc higher at 13,567.85 and the benchmark S&P BSE Sensex closed 0.02pc higher at 46,263.17.

Published 15 Dec, 2020 03:59pm

Business & Finance

Germany earned 7bn euros from new bonds this year

The average yield on new German bonds issued until end of November was -0.56 percent, resulting in revenues of 7.07 billion euros, according to the finance ministry document.

Published 15 Dec, 2020 03:43pm

World

Spain's Reig Jofre to manufacture J&J's COVID-19 vaccine in Barcelona

Under the terms of the agreement, Reig Jofre said it will be responsible for the formulation, filling and packaging of the vaccine, while Janssen will handle distribution.
Shares in the Spanish group surged 17% in early trade to 4.41 euros ($5.35) a share.

Published 15 Dec, 2020 03:30pm

World

Amid pandemic, Jakarta burials 61% higher in first 10 months of 2020

The Eijkman-Oxford study, led by biostatistician Dr. Iqbal Elyazar noted that “burial records indicated substantially increased mortality associated with the onset of and ongoing COVID-19 epidemic in Jakarta”.
Jakarta, a sprawling metropolis that is home to more than 10 million people, has officially recorded more than 154,000 cases of the coronavirus as of Dec. 14, with 2,963 deaths from COVID-19 since the start of the pandemic.

Published 15 Dec, 2020 03:14pm

World

Jordan approves Pfizer-BioNTech Covid vaccine

Jordan's green light for the Pfizer vaccine follows those of Bahrain and Saudi Arabia and came six days after Britain launched the world's first mass innoculation campaign using the vaccine.

Published 15 Dec, 2020 02:52pm

Pakistan

2,459 new Coronavirus cases reported; 73 deaths in past 24 hours

The maximum ventilators were occupied in four major areas including Multan 54 percent, ICT 42 percent, Peshawar 26 percent and Lahore 33 percent.

Updated 15 Dec, 2020 03:34pm

Pakistan

COVID-19 treatment: Pakistan likely to be first to complete ‘immunoglobulin therapy research’

The therapy uses immunoglobulin (IG), which is rich in the antibodies that target the virus.
In June, DUHS started trial of the therapy on 30 participants, most from the high-risk group of people above the age of 60, with many suffering from diabetes, hypertension and other comorbidities.

Updated 16 Dec, 2020 09:32pm

World

UK unemployment rate rises to 4.9%: official data

The number of UK redundancies meanwhile soared by a record 370,000 in the three months to October, despite an easing in the last month of the period.

Published 15 Dec, 2020 12:52pm

Pakistan

40 percent Pakistanis say they will not get COVID-19 vaccine if it becomes available: Survey

The percentage of people saying they would vaccinate themselves has decreased from 62 percent in November to 60 percent in December
Survey reveals 34 percent respondents are worried about side effects, 22 percent are against vaccines in general and 15 percent believe a vaccine would not be effective

Published 15 Dec, 2020 12:30pm

Markets

Gold firms as US stimulus progress weighs on dollar

Investors now await policy meetings of the Fed starting on Tuesday and the Bank of England on Thursday.

Published 15 Dec, 2020 12:25pm

World

UK reports 20,263 new COVID cases, 7-day total up 22%

8 The country reported 232 new deaths from the disease, with the seven-day total rising to 2,984, almost unchanged from the previous seven days.

Published 15 Dec, 2020 12:19pm

Markets

EMERGING MARKETS-Asian stocks slip on virus case surge; ringgit weakens

Thailand's 10-year government bond yields are down 4 basis points at 1.22%.

Published 15 Dec, 2020 12:12pm

Markets

Indian shares fall as investors book profits after sharp rally

8 The Nifty Bank Index fell 1.05%, with ICICI Bank declining 1.5%. The stock was among the top drags to the Nifty 50.

Published 15 Dec, 2020 11:54am

Business & Finance

Fed will be tested in 2021 as vaccines boost US economic outlook

If markets push up long-run interest rates a bit to reflect expectations for future faster growth, the Fed likely wouldn't change course.

Published 15 Dec, 2020 11:49am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	292.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	70.22 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.90 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.35 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	76.34 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	292.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	70.22 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.90 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.35 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	76.34 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 15	214.00
USD PKR Interbank Buying / Aug 15	213.00
USD to Japanese Yen / Aug 15	133.11
USD to Swiss Franc / Aug 15	0.95
Pound Sterling to USD / Aug 15	1.21
Euro to USD / Aug 15	1.02
UK LIBOR % / Aug 15	2.31

Stock	Volume
S&P 500 / Aug 15	4297.14
India Sensex / Aug 15	59462.78
Tokyo Nikkei / Aug 15	28871.78
Nasdaq / Aug 15	13128.05
Hang Seng / Aug 15	20040.86
FTSE 100 / Aug 15	7509.15
Dow Jones / Aug 15	33912.44
Germany DAX 30 / Aug 15	13816.61
France CAC40 / Aug 15	6569.95

Item	Value
Crude Oil USD/Barrel / Aug 15	88.36
Karachi Cotton PKR/37.32 KG / Aug 15	18235.00
Gold 10 Grams PKR / Aug 15	124600.00
Gold Spot USD/Ounce / Aug 15	1779.26
Cotton US¢/pound / Aug 15	113.59

COVID19

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