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ECB

ECB will raise interest rates if needed, but shift can take some time: Weidmann

"In their own interest, governments should prepare for a rise in interest rates and not pretend that their debt burden can be serviced easily," said Weidmann.

Published 31 Dec, 2020 11:50am

Business & Finance

ECB stands ready to offset exchange rate impact on inflation

ECB policymakers have grown concerned about the exchange rate as the euro has risen to its highest level against the dollar since April 2018.
The ECB does not have an exchange rate target. But as (ECB President) Christine Lagarde said we are and will be very vigilant about the effects of the exchange rate on inflation.

Published 17 Dec, 2020 01:03am

Business & Finance

ECB injects more stimulus to fight second virus wave

Lagarde had in October all but promised that extra monetary support was under way, and the newest moves fell within market expectations.

Published 11 Dec, 2020 02:15am

Business & Finance

ECB set to boost stimulus to fight second wave of virus: analysts

Nevertheless, ING bank economist, Carsten Brzeski, believed that any new stimulus measures would mark the ECB's "final move" in pandemic support.

Published 10 Dec, 2020 12:01pm

Markets

Pound teeters, dollar dithers as traders look to Brussels

"Broad positioning is short sterling, but not at extremes by any means. This limits the prospect we get an exaggerated short-covering rally to say $1.3800 or $1.4000."

Published 09 Dec, 2020 10:25am

Business & Finance

Has the ECB made the wealth gap wider?

When it buys debt from financial institutions on secondary markets, i.e. after the debt has already been issued, the ECB and other central banks effectively lower the rate of interest that countries and companies must offer to obtain funds.

Published 06 Dec, 2020 05:47pm

Markets

Big techs may disrupt European financial system, ECB warns

"While they could offer convenient and efficient payment solutions," Panetta said, "they also risk endangering competition, privacy, financial stability and even monetary sovereignty."

Published 27 Nov, 2020 07:35pm

Business & Finance

ECB's De Cos says governing council should increase monetary accommodation

With the euro zone likely heading back into recession this quarter, the ECB has already said it would provide more stimulus in December.
Christine Lagarde said last week that this would be mainly be based on fresh emergency bond purchases

Published 16 Nov, 2020 06:35pm

Business & Finance

Euro zone budget aid may need to be stepped up: ECB's Knot

Knot, normally a conservative voice on the ECB's Governing Council and a critic of past monetary stimulus packages, said the ECB should keep borrowing costs low.
Fiscal policy must be in the lead," said Knot, who also sits on the European Central Bank's rate-setting Governing Council.

Updated 10 Nov, 2020 08:55pm

Business & Finance

ECB may cut support for indebted countries in nudge towards EU loans

The ECB promised last week to introduce more measures in December to help euro zone countries cope with the second wave of the coronavirus pandemic.
The difference between the two programmes is material and the decision will have implications for how much help the ECB might give to the bloc's most indebted countries.

Published 03 Nov, 2020 08:53pm

Business & Finance

Cross-border mergers in Europe would help diversify banks

European transnational operations would be particularly positive and would also foster a potential bigger client base to share the burden of technological investments.
The ECB is expected to revisit in December its recommendation for euro zone banks not to pay dividends.

Published 26 Oct, 2020 05:17pm

Business & Finance

ECB to publish opinions on conflicts of interest

8 From now on, we will publish on our website the opinions of the ECB Ethics Committee for cases of conflict of interest and post-mandate gainful employment.

Published 28 Sep, 2020 07:29pm

Markets

Bundesbank chief defends ECB bond purchases in wake of court case

Weidmann spoke to the lawmakers via a video-link and answered questions in a closed-door session for nearly two hours.
Weidmann extended his defence to the ECB's latest bond-buying scheme, the Pandemic Emergency Purchase Programme.

Updated 16 Sep, 2020 07:42pm

Sports

ECB plans to make 62 jobs redundant due to Covid-19

The board’s chief executive said the game had sustained losses of more than 100 million pounds ($128.92 million).

Updated 15 Sep, 2020 06:21pm

Markets

ECB's Lagarde says bank watching euro closely

Policy unchanged.
ECB closely watching euro.
Growth momentum fading, but no new stimulus.
Inflation forecast for this year maintained.

Published 10 Sep, 2020 07:26pm

Markets

ECB to dangle stimulus on strong euro, virus woes

The euro last week touched $1.20 for the first time since 2018, from $1.06 in March.

Published 10 Sep, 2020 06:17pm

Sports

England should ‘definitely’ tour Pakistan, says ECB Chairman

England haven’t toured Pakistan since 2005-06 series.

Published 02 Sep, 2020 01:31pm

Business & Finance

ECB can't fix causes of negative rates, Schnabel says

Like with other unconventional policy measures, side effects are likely to increase over time,
There is considerable uncertainty as to the precise level of the 'reversal rate' and current estimates suggest that the ECB has not reached the effective lower bound.

Published 26 Aug, 2020 06:31pm

Markets

ECB policymakers debated flexibility of bond purchases

The ECB left policy unchanged last month and provided a slightly more optimistic view on growth.
But the account of the meeting suggests some policymakers are not keen for another increase in the ECB's 1.35 trillion euro PEPP.

Published 20 Aug, 2020 05:10pm

Sports

PCB chief urges England to tour before 2022

Pakistan are currently playing the first Test of a three-match series at Old Trafford.

Published 06 Aug, 2020 02:15am

Business & Finance

ECB sits tight as EU leaders shape virus recovery plan

The goal of the government and corporate debt purchases is to keep credit flowing and encourage spending and investment in the 19-nation eurozone.

Published 16 Jul, 2020 06:43pm

Business & Finance

Balance of risk now more favourable for euro economy: ECB's Knot

"Recent data solidifies the confidence in our baseline scenario with a more favourable balance of risks."
Knot said confidence in this outlook had been bolstered by recent data, which had been better than expected.

Published 03 Jul, 2020 07:14pm

Sports

England's Curran self-isolating after undergoing Covid-19 test

The ECB said in a statement that Curran, 22, experienced sickness and diarrhoea on Wednesday night.

Published 03 Jul, 2020 02:14pm

Sports

English County Championship can begin on Aug. 1, says ECB

The men's County Championship was initially scheduled to begin on April 12, but was delayed by the COVID-19 pandemic.
"It must be stressed that the safety of our players, staff and officials has been the first priority through all discussions and government guidance will continue to shape our planning and preparation."

Published 29 Jun, 2020 09:08pm

Sports

ECB confirms Pakistan team arrival on June 28

Both teams will play three Tests and same number of Twenty20 Internationals during the tour.

Published 27 Jun, 2020 02:40pm

Sports

ECB vows changes to address racism in cricket

Athletes across a range of sports have spoken out about racism after the death of George Floyd.

Published 13 Jun, 2020 06:23pm

Business & Finance

Euro top currency for 'green' bonds: ECB

The market segment is growing, rising from just 0.2 percent of global bond issuance in 2014 to 2.85 percent last year, or $205 billion, ECB economists found.

Published 09 Jun, 2020 05:01pm

Business & Finance

German lawmakers see way out of ECB court ruling conundrum: paper

The ruling poses a conundrum for Berlin, which is bound to respect the Karlsruhe court.
Simon has suggested that the Bundestag, the lower house of parliament in Berlin.
The CDU and its Bavarian sister party, the CSU support the proposal.

Published 07 Jun, 2020 12:18am

Sports

Stokes can be England's 'captain fantastic', says Root

The schedule will begin with a three-Test series against the West Indies, starting on July 8 at Southampton -- around the time that Root's wife is due to give birth to their second child.

Published 03 Jun, 2020 01:20am

Business & Finance

ECB scoops up all of Italy's new debt just to keep spread stable

The ECB bought 51.1 billion euros worth of Italian government bonds in the last two months compared with a net supply, as calculated by analysts at UniCredit, of 49 billion euros.
Yet Italy's 10-year government bond yields declined by just four basi

Published 02 Jun, 2020 07:53pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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