Trends - European Union - Business Recorder

European Union

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

World

40% of Londoners would consider moving to Europe in the wake of Brexit, COVID-19: Survey

More than one in three Londoners would consider leaving the UK capital, with all citing Brexit uncertainty and the pandemic as deciding factors for them.

Published 26 Jan, 2021 12:19pm

World

US leading race in AI, China rising

WASHINGTON: The United States is leading rivals in development and use of artificial intelligence while China is...

Published 26 Jan, 2021 05:05am

World

Italy sends warning letter to Pfizer over COVID vaccine delays

The letter adds to tension between the European Union and the U.S. drug-maker, which announced last week a temporary slowdown in deliveries to the bloc.

Published 26 Jan, 2021 12:47am

World

EU to hold off on new Russia sanctions if Navalny released

Germany wants to give Russia more time before sanctions.
Meeting follows protests across Russia in support of Navalny.
Borrell to go to Moscow next week to meet Kremlin officials.

Published 25 Jan, 2021 09:15pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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