Trends - European Union - Business Recorder

European Union

Euronext wheat slightly lower

PARIS: Euronext wheat ended flat to slightly lower on Thursday, curbed by weakness in Chicago grain futures, while...

Published 07 Feb, 2021 04:07am

World

Merkel, Macron defend EU vaccine strategy

BERLIN: German Chancellor Angela Merkel and French President Emmanuel Macron on Friday defended the European Union's...

Published 06 Feb, 2021 04:06am

World

Erdogan says political opponents behind student protests

ISTANBUL: Turkish President Recep Tayyip Erdogan on Friday accused his political opponents of being behind a month ...

Published 06 Feb, 2021 04:06am

Markets

French soft wheat shipments outside EU fall again

PARIS: French soft wheat shipments outside the European Union in January fell for the second month in a row as...

Published 06 Feb, 2021 04:06am

World

EU sustainable finance rules delayed by gas and biofuel backlash

Rubber stamp of climate-friendly activities delayed.
Follows pushback from mostly-eastern European countries.
Gas, biofuels sectors that are most disputed.

Published 05 Feb, 2021 08:33pm

World

EU's top diplomat to confront Russia on Navalny in Moscow

President Vladimir Putin's spokesman said before Friday's meeting that Russia wants an improvement in relations with the EU and to reopen dialogue.

Published 05 Feb, 2021 10:52am

Markets

Denmark approves renewable energy island in the North Sea

The move came as the European Union unveiled plans to transform its electricity system to rely mostly on renewable energy within a decade and increase its offshore wind energy capacity 25-fold by 2050.
"This is truly a great moment for Denmark and for the global green transition," Energy Minister Dan Jorgensen told a press briefing.

Published 04 Feb, 2021 07:57pm

Switzerland lifts ban: London will resume trading Swiss stocks

ZURICH/LONDON: Britain can now claim at least one advantage from leaving the European Union: Switzerland's ...

Updated 04 Feb, 2021 09:53am

Business & Finance

Vaccination delay could cost EU economy 90bn euros: Allianz study

To reach a goal of 70% immunity in adults by the summer, the EU would need a sixfold increase in the rate of vaccinations.
"One euro that is spent on speeding up vaccinations (though infrastructure, increased vaccine production) could avert four times as many euros in losses," it said.

Published 03 Feb, 2021 05:37pm

World

Merkel says ‘all vaccines welcome’ after strong Sputnik data

BERLIN: German Chancellor Angela Merkel on Tuesday said all coronavirus vaccines “are welcome” in the EU once...

Published 03 Feb, 2021 04:35am

Business & Finance

Euro wallows against dollar in Europe

LONDON: The euro wallowed at seven-week lows against the dollar on Tuesday as concern about extended lockdowns in ...

Published 03 Feb, 2021 04:35am

World

UK's Gove says EU triggered Northern Ireland protocol article outside rule book

The article allows either party to take unilateral measures if there is an unexpected negative effect arising from the Brexit divorce agreement.
It is appropriate to recognise that there may be circumstances in which Article 16 may need to be invoked or deployed," Gove told lawmakers.

Published 02 Feb, 2021 06:35pm

Markets

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

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / Sep 26 Bilal Fibres Limited(BILF)	2.20 ▲ 0.19 (9.45%)
PICIC Ins.Ltd. / Sep 26 PICIC Insurance Limited(PIL)	0.80 ▲ 0.06 (8.11%)
Agriautos Ind. / Sep 26 Agriauto Industries Limited(AGIL)	69.91 ▲ 4.88 (7.50%)
Pak Hotels / Sep 26 Pakistan Hotels Developers Limited(PHDL)	236.54 ▲ 16.50 (7.50%)
Pak Paper Prod / Sep 26 Pakistan Paper Products Limited(PPP)	54.34 ▲ 3.79 (7.50%)
Bolan Casting / Sep 26 Bolan Castings Limited(BCL)	34.89 ▲ 2.33 (7.16%)
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	5.75 ▲ 0.37 (6.88%)
Kohinoor Mills / Sep 26 Kohinoor Mills Limited(KML)	47.53 ▲ 3.04 (6.83%)
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	6.45 ▲ 0.39 (6.44%)
Thatta Cement / Sep 26 Thatta Cement Company Limited(THCCL)	14.65 ▲ 0.78 (5.62%)

Stock	Price
Punjab Mod / Sep 26 First Punjab Modaraba(FPJM)	1.21 ▼ -0.19 (-13.57%)
Premier Insurance / Sep 26 Premier Insurance Limited(PINL)	5.36 ▼ -0.79 (-12.85%)
Pak Synthetics / Sep 26 Pakistan Synthetics Limited(PSYL)	24.70 ▼ -2.00 (-7.49%)
Burshane LPG / Sep 26 Burshane LPG (Pakistan) Limited(BPL)	14.51 ▼ -0.99 (-6.39%)
AKD Hospitality / Sep 26 AKD Hospitality Limited(AKDHL)	125 ▼ -6.50 (-4.94%)
Bannu Woollen / Sep 26 Bannu Woollen Mills Limited(BNWM)	19.40 ▼ -1.00 (-4.90%)
Hala Enterprise / Sep 26 Hala Enterprises Limited(HAEL)	6.70 ▼ -0.30 (-4.29%)
Shezan Inter. / Sep 26 Shezan International Limited(SHEZ)	100.10 ▼ -3.89 (-3.74%)
Jauharabad Sug / Sep 26 Jauharabad Sugar Mills Limited(JSML)	15.65 ▼ -0.58 (-3.57%)
Sitara Peroxide / Sep 26 Sitara Peroxide Limited(SPL)	10.61 ▼ -0.39 (-3.55%)

Stock	Volume
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	29,654,500 ▲ 0.37
Pak Elektron / Sep 26 Pak Elektron Limited(PAEL)	20,636,559 ▼ -0.18
WorldCall Telecom / Sep 26 Worldcall Telecom Limited(WTL)	8,986,644 ▲ 0.01
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	8,200,450 ▲ 0.39
Unity Foods Ltd / Sep 26 Unity Foods Limited(UNITY)	5,817,127 ▲ 0.03
Nishat ChunPow / Sep 26 Nishat Chunian Power Limited(NCPL)	5,515,000 ▼ -0.29
Kohinoor Spining / Sep 26 Kohinoor Spinning Mills Limited(KOSM)	5,323,500 ▲ 0.02
Hascol Petrol / Sep 26 Hascol Petroleum Limited(HASCOL)	5,301,500 ▲ 0.23
Waves Corporation / Sep 26 Waves Corporation Limited(WAVES)	4,921,500 ▼ -0.07
Thatta Cement / Sep 26 Thatta Cement Company Limited(THCCL)	4,528,000 ▲ 0.78

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	291.05
USD PKR Interbank Buying / Sep 25	290.85
USD to Japanese Yen / Sep 25	148.90
USD to Swiss Franc / Sep 25	0.91
Pound Sterling to USD / Sep 25	1.22
Euro to USD / Sep 25	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 25	4337.44
India Sensex / Sep 25	66023.69
Tokyo Nikkei / Sep 25	32423.77
Nasdaq / Sep 25	13271.32
Hang Seng / Sep 25	17655.71
FTSE 100 / Sep 25	7623.99
Dow Jones / Sep 25	34006.88
Germany DAX 30 / Sep 25	15405.49
France CAC40 / Sep 25	7123.88

Item	Value
Crude Oil USD/Barrel / Sep 25	89.64
Karachi Cotton PKR/37.32 KG / Sep 25	18435
Gold 10 Grams PKR / Sep 25	184159.50
Gold Spot USD/Ounce / Sep 25	1914.53
Cotton US¢/pound / Sep 25	87.61

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