Trends - European Union - Business Recorder

European Union

Dollar stands tall as euro zone outlook darkens

Those concerns were amplified after retail sales in Germany, Europe's biggest economy, plunged by more than forecast in December, according to data on Monday.
Against the dollar, the euro was trading at $1.2078, just above an early December low of $1.2056 the day before.

Published 02 Feb, 2021 05:47pm

World

Open the doors to City of London, UK lobby tells EU

So far, the EU has allowed data, critical in industries like financial services, to move freely until June pending its consideration of longer term arrangements.

Published 02 Feb, 2021 11:27am

World

EU aims to boost vaccination rollout as variants spread

BRUSSELS: The European Union put on a brave face Monday, defending its troubled vaccination programme and insisting...

Updated 02 Feb, 2021 09:52am

World

China launches carbon emissions trading scheme

BEIJING: China launched a carbon trading system Monday designed to drive down emissions, as the world’s biggest...

Updated 02 Feb, 2021 09:52am

Markets

Sterling strengthens on vaccine optimism, approaches 3-year high

"It could open the door to further GBP gains, lifting cable closer to 1.4000 and EUR/GBP towards the mid-0.8000's."

Published 01 Feb, 2021 02:55pm

World

EU secures extra vaccines; Republicans to meet Biden over Covid relief plan

Deputy health minister Erlan Kiyasov said he didn't "feel any sort of discomfort" after receiving a shot.

Published 01 Feb, 2021 02:08pm

World

EU backs off jab threat in Britain row as WHO warns against 'vaccine nationalism'

The European Commission will "ensure that the Ireland/Northern Ireland Protocol is unaffected", the EU commissioner said.

Published 30 Jan, 2021 05:56pm

Business & Finance

Dollar rally fizzles in Europe

LONDON: The dollar’s rally fizzled on Friday and risk-sensitive currencies recovered with an easing of nerves over...

Published 30 Jan, 2021 03:55am

Business & Finance

EU stands its ground in vaccine row, says AstraZeneca contract 'crystal clear'

EU Commission head says AstraZeneca contract contains orders binding.
EU published contract on Friday
AstraZeneca offered 8 mln extra COVID-19 shots

Published 29 Jan, 2021 05:36pm

Markets

London Stock Exchange completes Refinitiv deal

Brussels is reviewing whether to grant long-term clearing access, but in the meantime is piling pressure on euro zone banks to shift their derivatives clearing business from the LSE to rivals like Eurex on the continent.

Published 29 Jan, 2021 02:44pm

Markets

Safe-haven dollar looks to end week strong as market jitters persist

"The overall trend does reflect these supply issues around the US dollar," said Michael McCarthy, chief strategist at CMC Markets in Sydney.

Published 29 Jan, 2021 10:25am

World

Europe’s vaccine row worsens as WHO probe set to begin in China

BERLIN: Europe’s row with AstraZeneca worsened Thursday with a German recommendation against administering the...

Published 29 Jan, 2021 04:55am

Markets

London stocks drop to near one-month low

LONDON: British shares hit a near one-month low on Thursday as energy stocks tracked commodity prices lower ...

Published 29 Jan, 2021 04:55am

Business & Finance

Lidl GB has seen export problems since Brexit trade deal

So far, so good, goods are coming in, the disruptions are not mega.
We are carefully watching the announcement of the British government from March 1 and July 1 (when) the border controls will be ramped-up.

Published 28 Jan, 2021 08:17pm

World

EU snubs UK envoy amid spat over diplomatic status

The official, who declined to be named, said the postponement was due to a lack of clarity about the diplomatic status of EU representatives in Britain.
A British government source declined to comment on the postponement of Croisdale-Appleby's meeting and said the diplomatic status issue remained subject to negotiation.

Published 28 Jan, 2021 06:49pm

World

Britain wants the vaccines it has ordered, minister says

"I think we need to make sure that the vaccine supply that has been bought and paid for, procured for those in the UK, is delivered," Gove told LBC Radio.
"But of course, we're always going to work with our friends and neighbours, we have to make sure that we can do everything we can to help them."

Published 28 Jan, 2021 06:13pm

Markets

Oil falls on demand fears, strengthening dollar

Britain, in lockdown since Jan. 4, on Wednesday clamped down on travel, requiring people arriving from high-risk COVID-19 countries to quarantine for 10 days and barring outbound trips for all but exceptional reasons.

Published 28 Jan, 2021 10:52am

Markets

Asian markets a sea of red as virus woes add to correction fears

The move has put a brake on a massive spending spree in Hong Kong by mainland traders looking to take advantage of relatively cheap shares in the city.

Published 28 Jan, 2021 09:47am

World

Putin says Russia wants better ties with Europe

MOSCOW: Russian President Vladimir Putin on Wednesday urged better ties between Moscow and the European Union,...

Published 28 Jan, 2021 04:40am

World

UK regulator clears Boeing 737 MAX for flights

LONDON: The UK Civil Aviation Authority on Wednesday granted the Boeing 737 MAX a return to service, almost two ...

Published 28 Jan, 2021 04:40am

World

Daily virus deaths hit new record

PARIS: Daily global deaths from Covid-19 topped 18,000 for the first time in the latest reminder of its deadly ...

Published 28 Jan, 2021 04:40am

Business & Finance

Sterling rises to 8-month high against euro

LONDON: Sterling rose to an eight-month high against a weakening euro on Wednesday as Britain’s COVID-19 vaccine...

Published 28 Jan, 2021 04:40am

Pakistan

Senate body discusses strategy to tackle challenges being faced by Pakistan in 2021: FM

The Foreign Minister said that the Senate Standing Committee lauded the efforts of the Ministry of Foreign Affairs for the acquisition of Covid-19 vaccine.

Published 27 Jan, 2021 11:39pm

Business & Finance

Vaccine row with AstraZeneca escalates as EU grapples with delays

Vaccine rollouts in the European Union have been slow compared with some other regions.
In a further sign of fraught relations, a second EU official said the company had pulled out of a meeting with the European Union scheduled for Wednesday.

Updated 27 Jan, 2021 11:22pm

World

Latest on worldwide spread of the coronavirus

The daily number of new coronavirus infections in France stayed above 20,000 on average for the fourth straight day on Tuesday, while hospitalisations reached an eight-week high of 27,041.

Published 27 Jan, 2021 02:49pm

World

Vaccine concerns divide nations at Davos

PARIS: Divisions were on display Tuesday at the Davos virtual summit as nations called for fair distribution of...

Updated 27 Jan, 2021 09:49am

Business & Finance

Rebound in risk sentiment pulls sterling up

LONDON: Sterling pulled away from a one-week low against the dollar on Tuesday and also gained ground against the...

Published 27 Jan, 2021 04:59am

World

European Union plans to shut door to travelers from Japan amid COVID-19 surge

European Union governments plan to remove Japan from their list of nations whose residents should be allowed to visit the bloc during the ongoing phase of the coronavirus outbreak.

Published 26 Jan, 2021 11:44pm

World

Britain says it will work with EU to avoid vaccine disruption

Protectionism not right during pandemic, health minister says.
EU vaccine export registration proposals sparked concern.
UK ministers confident vaccines supplies will not be disrupted.

Published 26 Jan, 2021 08:40pm

World

UK sells arms to 80% of countries under restrictions: Report

British officials have approved the sale of arms to nearly four-fifths of countries subject to arms embargos, sanctions and other restrictions, over the past five years.
The United Kingdom has exported military hardware to 58 countries, out of 73 listed as subject to restrictions by the Department for International Trade, including Pakistan, Kenya and China.

Updated 26 Jan, 2021 07:27pm

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 9 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 9 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 9 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 9 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 9 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 9 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 9 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 9 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 9 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 9 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 9 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 9 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 9 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 9 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 9 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 9 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 9 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.36
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.25
Euro to USD / Jun 9	1.08
UK LIBOR % / Jun 8	5.07

Stock	Volume
S&P 500 / Jun 8	4293.93
Nasdaq / Jun 8	13238.52
Dow Jones / Jun 8	33833.61
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32198.70
Hang Seng / Jun 9	19359.13
FTSE 100 / Jun 9	7602.26
Germany DAX 30 / Jun 9	15981.08
France CAC40 / Jun 9	7223.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 8	20235
Gold 10 Grams PKR / Jun 8	194616
Crude Oil USD/Barrel / Jun 9	70.85
Gold Spot USD/Ounce / Jun 9	1963.16
Cotton US¢/pound / Jun 9	81.53

European Union

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