Trends - European Union - Business Recorder

European Union

UK to engage with aerospace sector over tariff issues after Brexit

"There should not be any tariffs on internal UK trade," Northern Ireland Minister Brandon Lewis told parliament. "I will be very happy to engage with the sector directly."

Published 20 Jan, 2021 06:15pm

World

UK will submit request to join CPTPP trading bloc soon

We will shortly submit our formal request to join this free trade area.
The CPTPP is a trade agreement that removes most tariffs between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Published 20 Jan, 2021 05:48pm

World

EU's Michel calls on Biden to form new transatlantic pact

"Today is more than a transition. Today is an opportunity to rejuvenate our transatlantic relationship, which has greatly suffered in the last four years. In these years, the world has grown more complex, less stable and less predictable".

Published 20 Jan, 2021 03:17pm

Markets

Euronext wheat hits 7-1/2-year high

PARIS: Euronext wheat futures climbed to a 7-1/2 year high on Monday as Russia’s plans to tax exports stoked...

Published 20 Jan, 2021 04:29am

Business & Finance

Germany takes on record debt in 2020, but less than expected

BERLIN: Germany took on record new debt in 2020 to shield the economy from the coronavirus pandemic, but less than...

Published 20 Jan, 2021 04:29am

Business & Finance

Bankers call for 'hybrid' shares to plug COVID corporate capital gap

LONDON: European companies hit by COVID-19 could issue "hybrid" shares to plug a predicted capital gap of up to 600...

Published 20 Jan, 2021 04:29am

Business & Finance

Brexit pushes billions into France: bank chief

PARIS: The Bank of France’s governor said Tuesday that Britain’s withdrawal from the European Union has driven...

Published 20 Jan, 2021 04:29am

Business & Finance

French central bank sees firms speeding up Brexit relocation this year

Many UK-based financial firms have already opened subsidiaries in the European Union to keep unfettered market access known as "passporting" since Britain left the bloc.
Other relocalisations are expected and should accelerate over the course of the year.

Published 19 Jan, 2021 08:06pm

Markets

Bankers call for 'hybrid' shares to plug COVID corporate capital gap

"Hybrid instruments are ideally suited to address these needs," it said.

Published 19 Jan, 2021 12:11pm

Markets

White sugar sets 3-1/2 year high, London cocoa also rises

U.S.-based raw sugar, arabica coffee and New York cocoa futures contracts were shut on Monday for Martin Luther King Jr. Day and will reopen on Tuesday.

Published 19 Jan, 2021 12:34am

Markets

Carmaker Stellantis shares star in European debut

Shares rise 8% after carmaker merger completed.
Stellantis will be fourth largest carmaker.
CEO Tavares to hold news conference on Tuesday.

Published 18 Jan, 2021 06:49pm

Business & Finance

France suggests pause on US-EU trade standoff

"If we could quickly find a method to settle this dispute with Europe and France, that would be a step forward," he said. "It may take time but, in the meantime, we can always order a pause."

Published 17 Jan, 2021 10:55am

World

Malaysia takes WTO legal action against EU over palm

KUALA LUMPUR: Malaysia is taking legal action at the global trade watchdog against the European Union and member...

Published 17 Jan, 2021 04:13am

World

Distrust, division and doubt cloud Palestinian election call

GAZA/RAMALLAH, (West Bank): Beset by political infighting, split between three territories and distrustful of their...

Updated 17 Jan, 2021 09:41am

Fitch keeps Britain outlook negative, debt at AA-

WASHINGTON: Fitch ratings on Friday maintained Britain's AA- debt rating and outlook at negative, but warned rising...

Published 17 Jan, 2021 04:13am

World

EU working on digital tax, WTO reform proposals, trade official says

EU is willing to consider judicial restraint in World Trade Organization dispute settlement and will submit a WTO reform proposal in February.

Published 15 Jan, 2021 08:24pm

Markets

EU awards 440,000 T maize, 51,072 T wheat imports under Ukraine quotas

No imports were requested in a further 350,000 tonne quota tranche available for Ukrainian barley.

Published 15 Jan, 2021 03:19pm

Markets

EU grain supply tension may ease next season, but prices to stay high

Despite wheat and maize stocks in Europe returning to more comfortable levels than in 2020/21, we anticipate that prices will remain high.
For soft wheat, production in the EU's 27 countries is expected to rise to 129.7 million tonnes this year, up 9% from last year's weather-hit crop.

Published 14 Jan, 2021 05:41pm

World

First doses of J&J COVID-19 vaccine could be available in Europe in April, EU source

The official, who is involved in negotiations with vaccine makers and spoke on condition of anonymity, said the J&J shot.

Published 13 Jan, 2021 11:42pm

Business & Finance

Siemens Gamesa, Siemens Energy tap hydrogen boom in wind alliance

Siemens Gamesa, Siemens Energy to invest 120 mln euro.
Turbines could be market-ready by mid-2020s.
Germany to contribute funds as part of hydrogen plan.

Published 13 Jan, 2021 05:43pm

World

Watchdogs across EU should be allowed to challenge Facebook, EU court adviser says

The adviser to the EU’s top court has issued a recommendation to allow data protection agencies in any EU country to take legal action against Facebook or any other tech firm even if their regional headquarters are in a different EU state.
If the recommendation is followed, it could prompt action by national agencies in the 27-member EU against other U.S. tech companies, such as Google, Twitter and Apple, which also have their EU headquarters in Ireland.

Published 13 Jan, 2021 03:45pm

World

Erdogan hopes new Turkey-Greece talks will herald new era

NATO members Ankara and Athens announced on Monday they had agreed to resume on Jan. 25 long-suspended exploratory talks over disputed offshore rights in the Mediterranean.
We must stop the Mediterranean from being an area for competition and turn into waters that will serve our long-term interests.

Published 12 Jan, 2021 07:09pm

World

EU wraps preliminary talks with Valneva on supply of COVID vaccines

The envisaged contract with Valneva would provide for the possibility for all EU Member States to purchase together 30 million doses.
They could further purchase up to 30 million more doses.

Published 12 Jan, 2021 05:00pm

Markets

EU 2020/21 soybean imports at 7.78mn tonne by Jan. 10, rapeseed 3.74mn tonne

That compared to 7.44 million cleared by the same week last season
EU rapeseed imports in 2019/20 had reached 3.74 million tonnes, compared to 3.93 million tonnes by the same time last year.

Published 12 Jan, 2021 04:36pm

Business & Finance

EU seeks more Moderna COVID-19 vaccines, eyes deals with Valneva, Novavax

EU in talks for more Moderna COVID-19 vaccines – sources.
Moderna seeks higher price than EU's first contract-source.
EU in talks for Valneva's vaccine candidate – sources.
Close to ordering 200 mln doses of Novavax shot – source.

Published 11 Jan, 2021 09:50pm

World

Brexit deal's 'rules of origin' spark trade confusion

Prime Minister Boris Johnson's Conservative government has yet to comment on the precise impact of the rules of origin on the business community.

Published 10 Jan, 2021 11:56am

World

EU says it has secured nearly half of Pfizer's 2021 global output of COVID shots

Pfizer has said it can produce up to 1.3 billion doses around the world this year.
We now have agreed with BioNTech and Pfizer to extend this contract. With the new agreement we could purchase a total of up to an additional 300 million doses of the BioNTech vaccine.

Published 08 Jan, 2021 05:51pm

Markets

Paris wheat at 2-year high on supply worry, high Black Sea prices

Front-month March milling wheat on the Paris-based Euronext unofficially closed up 3.00 euros, or 1.4%, at 217.25 euros ($267.24) a tonne.

Published 06 Jan, 2021 12:56am

World

EU seeks up to 100mn more doses of Pfizer vaccine in new deal

The EU is seeking to buy 50 or 100 million additional doses from the companies.
The EU agreed to pay 15.5 euros per dose in that contract, according to an EU document seen by Reuters.

Published 05 Jan, 2021 09:15pm

World

EU worried about Iran enrichment, aims to save nuclear accord

The European Commission said on Tuesday it regretted that Iran has resumed 20% uranium enrichment at an underground nuclear facility, breaching a 2015 nuclear pact, but believed that the accord was worth saving.

Published 05 Jan, 2021 05:32pm

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 1 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 1 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 1 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 1 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 1 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Dec 1	4556.94
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14187.27
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Dow Jones / Dec 1	35968.23
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Crude Oil USD/Barrel / Dec 1	76.13
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

Calculate your monthly liability in FY24

European Union

Most Popular Articles