Trends - European Union - Business Recorder

European Union

Sterling extends gains, markets mixed as traders see out 2020

Sterling, in response to the upbeat news, rallied Wednesday and built on the gains in Asian trade, sitting at levels not seen since May 2018.

Published 31 Dec, 2020 09:16am

World

UK parliament approves Brexit trade deal as both sides look to future

Deal signed in Brussels, UK to sign later.
UK lawmakers vote 521 to 73 in favour of deal.
Both sides seek new relationship.

Published 30 Dec, 2020 08:41pm

World

Germany sees rapid EU approval of AstraZeneca's COVID-19 vaccine

Germany has made relatively quick headway, reporting a total of 78,000 shots administered.
Fatalities linked to COVID-19 in Germany hit a record daily high of 1,129 on Wednesday.

Published 30 Dec, 2020 07:45pm

World

China's Xi, EU leaders to hold call on investment deal

EU chiefs Ursula von der Leyen and Charles Michel will be joined by German Chancellor Angela Merkel and French President Emmanuel Macron on the call, the EU said.
The deal addresses complaints by the EU and US about China’s industrial subsidies and forced technology transfers.

Published 30 Dec, 2020 04:57pm

World

European Union: from six to 27

Bulgaria and Romania take the EU to 27 member nations

Published 30 Dec, 2020 11:52am

World

Leaders to sign UK-EU deal as MPs face express debate

Under the EU deal, musicians are not covered by exemptions allowing for free passage of short-term business visitors, sparking warnings that continental tours by UK bands will become unviable.

Published 30 Dec, 2020 09:18am

World

Brexit deal puts UK fishermen in uncharted waters

On January 1, when Britain leaves the single market, the headache begins along with the heartache.

Published 29 Dec, 2020 08:40am

World

COVID-19 hospitalisations continue to rise in France

There were 2,960 new coronavirus infections over the past 24 hours on Monday, down from 8,822 on Sunday and from Saturday's 3,093.

Published 29 Dec, 2020 01:15am

Markets

Wall St follows European stocks higher on stimulus, Brexit

But crude prices slumped as weak demand and a potential increase in production offset the effects of the fiscal aid package.

Published 29 Dec, 2020 01:00am

World

Most UK businesses have prepared for end of Brexit transition

"I think business is broadly in a good place but inevitably with any change, with any transition, there are occasional bumpy moments."

Published 28 Dec, 2020 03:30pm

World

UK's Raab says pursuing trade deals with Australia, US, Indo-Pacific region

"We are pursuing trade deals from Australia to the US and around the world - particularly in the Indo-Pacific region, a huge growth market for the future," Raab wrote in the newspaper.

Published 28 Dec, 2020 10:07am

Markets

Global shares edge up on news Trump signs aid bill

Bitcoin extended gains over the weekend to reach a new high of $28,377.94 before stepping back to $26,457.32, bringing the total value of the cryptocurrency in circulation to over $500 billion.

Published 28 Dec, 2020 09:13am

World

Britain and EU release full text of post-Brexit trade deal

To ratify the deal, Britain's parliament has been recalled to sit on December 30.
A vote in favour is virtually assured after the UK's main opposition Labour Party said its MPs would back it.

Published 26 Dec, 2020 05:48pm

Business & Finance

JGB yields drift higher after weak BOJ buying operation

Yields were also supported by a sense of relief after Britain and the European Union agreed a free trade deal, averting economic turmoil at the year's end - the deadline for Brexit.

Published 26 Dec, 2020 12:38am

Business & Finance

Shanghai copper up for 2nd day on expectations of firming economic recovery

Sterling rose on Thursday as Britain and the European Union clinched a Brexit deal that avoided a chaotic British exit from one of the world's biggest trading blocs.

Published 26 Dec, 2020 12:10am

World

A Brexit trade deal at last: EU and UK clinch narrow accord

“Deal is done,” a Downing Street source said. “We have taken back control of our money, borders, laws, trade, and our fishing waters.”

Published 24 Dec, 2020 08:02pm

World

UK and EU agree to historic Brexit deal

On Thursday, a historic deal on the future of the United Kingdom's historic trading and security relationship with the European Union has finally been struck, a week before the end of the transition period.
Downing Street has issued a statement confirming the deal.

Published 24 Dec, 2020 07:55pm

World

Announcement of UK-EU trade deal expected Thursday morning: EU official

New trade pact on Thursday morning with negotiations still.

Published 24 Dec, 2020 10:45am

Markets

Gold firms on weaker dollar, US stimulus bets

Underscoring the economic hit from the pandemic, data on Wednesday showed elevated US jobless claims and a drop in consumer spending for the first time since May in November.

Published 24 Dec, 2020 09:32am

Markets

Gold steadies as soft US jobs data offsets Trump stimulus threat

The British government on Wednesday said huge swathes of England would be placed under its strictest COVID-19 restrictions as a highly infectious virus variant sweeps the country.

Published 24 Dec, 2020 08:42am

Business & Finance

Yields jump as Brexit deal seen near, curve steepest since 2017

The yield curve between two-year and 10-year yields steepened to 85 basis points, the widest spread since October 2017.

Published 24 Dec, 2020 03:15am

World

EU acts to prepare path to Brexit trade deal, EU sources say

UK leaves EU's orbit at the end of this year.
No deal yet in trade talks, Britain says.
EU prepares path for a trade deal.

Published 23 Dec, 2020 08:18pm

Business & Finance

Canada and Britain sign interim deal to avoid tariff increase after Brexit

With the interim agreement, the Canadian government "is making sure businesses can easily continue trading without adding paperwork for businesses and importers," it said in a statement.

Published 23 Dec, 2020 11:15am

World

Britain and France ease transport ban

French nationals, EU nationals or French residents who need to complete essential travel will be allowed to cross the border.

Published 23 Dec, 2020 08:56am

Markets

European shares rebound as Brexit trade deal progress overshadows virus worries

The pan-European STOXX 600 index finished up 1.2% on broad-based gains, recovering from a more than 2% slide in the previous session, which was also its biggest one-day drop in nearly two months.

Published 23 Dec, 2020 02:51am

World

Irish PM says Brexit deal more likely than not, talks may go past Christmas

"I would like to see it happenIng before Christmas, it could go beyond Christmas Day. There are political factors at play," Martin told a news conference on Tuesday.

Published 23 Dec, 2020 01:39am

World

EU citizens can enter France from UK if they have negative COVID test, says PM

The statement did not mention truckers, who have been blocked in Britain in their hundreds since the border closed, with many drivers stuck for days.

Published 23 Dec, 2020 01:37am

World

EU vows 'final push' in UK trade talks but fish rift threatens deal

"We are really in a crucial moment. We are giving it a final push," said the negotiator, Michel Barnier, as he arrived to update the bloc's 27 national envoys on Brexit.

Published 23 Dec, 2020 01:24am

World

EU clears Pfizer COVID-19 vaccine for first inoculations

The process took longer than the ultra-fast emergency authorisation given by Britain, the first western country to endorse a COVID-19 shot.

Published 22 Dec, 2020 12:21am

World

Britain, EU tell each other to give way in 'difficult' trade talks

With less than two weeks before Britain leaves the EU’s orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas.
The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc’s market of 450 million consumers.

Published 21 Dec, 2020 11:45am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

European Union

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