Trends - European Union - Business Recorder

European Union

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

Markets

Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand

Even so, the mood could shift quickly, NAB's Catril warned, forecasting that the pound could climb to $1.50 next year if a last-minute Brexit agreement gets done.

Published 21 Dec, 2020 10:17am

World

Britain, EU continue post-Brexit trade talks as deadline looms

With less than two weeks to go before Britain finally leaves the bloc's orbit on Dec. 31.
EU Brexit negotiator Michel Barnier had said on Friday that "just a few hours" remained to reach a post-Brexit trade deal.

Published 20 Dec, 2020 12:31am

World

EU says hours left for a Brexit deal, UK says 'see sense'

UK warns no-trade deal Brexit very likely.
Barnier: just hours left, grave moment.
Johnson tells EU: compromise or we'll walk.
Sterling falls.

Published 19 Dec, 2020 01:45am

World

Portugal believes Brexit trade deal still possible, says minister

"If not, we have to trade according to World Trade Organisation rules but we cannot renounce a close relationship between Britain and EU," he added.

Published 18 Dec, 2020 08:17pm

UK's Johnson says EU trade deal looking difficult, but door is still open

“Obviously the UK’s position is always that we want to keeping talking if there’s any chance of a deal,” Johnson told reporters.

Published 18 Dec, 2020 05:32pm

Markets

Dollar consolidates losses after week-long drubbing

The dollar index recovered on the day and was last up 0.2pc just short of 90, but remained on track for a fall of 1pc over the week. It had reached its lowest in more than two years at 89.723 on Thursday.

Published 18 Dec, 2020 04:57pm

Markets

Dollar consolidates losses after week-long drubbing

The dollar rebounded as much as half a percent against the yen to 103.595 yen but remains 0.5pc down versus the Japanese currency for the week.

Updated 18 Dec, 2020 05:03pm

Markets

European shares slip as Brexit, U.S.-China trade worries simmer

Dutch health technology firm Philips rose 1.3pc after it agreed to buy U.S. cardiac diagnostics and monitoring firm BioTelemetry in a deal worth $2.8 billion.

Published 18 Dec, 2020 03:25pm

Gainers
Losers
Leaders

Stock	Price
Jubilee Spinning / Dec 7 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	7.80 ▲ 1.00 (14.71%)
F.Credit & Inv / Dec 7 First Credit and Investment Bank Limited(FCIBL)	7.25 ▲ 0.84 (13.10%)
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	3.97 ▲ 0.45 (12.78%)
Bilal Fibres / Dec 7 Bilal Fibres Limited(BILF)	2.91 ▲ 0.31 (11.92%)
Dawood Equities / Dec 7 Dawood Equities Limited(DEL)	6.98 ▲ 0.68 (10.79%)
Popular Islamic / Dec 7 Popular Islamic Modaraba(PIM)	11.50 ▲ 1.00 (9.52%)
Al-Shaheer Corp / Dec 7 Al Shaheer Corporation Limited(ASC)	11.52 ▲ 1.00 (9.51%)
Agritech Limited / Dec 7 Agritech Limited(AGL)	12.52 ▲ 1.00 (8.68%)
Bank Makramah / Dec 7 Bank Makramah Limited(BML)	2.40 ▲ 0.19 (8.60%)
Power Cem(Pref) / Dec 7 Power Cement (Pref)(POWERPS)	8.40 ▲ 0.62 (7.97%)

Stock	Price
Unicap Modaraba / Dec 7 Unicap Modaraba(UCAPM)	1.70 ▼ -0.29 (-14.57%)
Pak Gulf Leasing / Dec 7 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -1.00 (-13.33%)
Bawany Air Products / Dec 7 Bawany Air Products Limited(BAPL)	10.53 ▼ -0.97 (-8.43%)
Land Mark Spinning / Dec 7 Landmark Spinning Industries Limited(LMSM)	15.23 ▼ -1.24 (-7.53%)
Crescent Fib. / Dec 7 Crescent Fibres Limited(CFL)	80.02 ▼ -6.49 (-7.50%)
National Silk / Dec 7 The National Silk & Rayon Mills Limited(NSRM)	30.36 ▼ -2.46 (-7.50%)
Otsuka Pakistan / Dec 7 Otsuka Pakistan Limited(OTSU)	149.23 ▼ -12.10 (-7.50%)
Pak Engineering / Dec 7 Pakistan Engineering Company Limited(PECO)	508.75 ▼ -41.25 (-7.50%)
Shezan Inter. / Dec 7 Shezan International Limited(SHEZ)	132.10 ▼ -10.71 (-7.50%)
Frontier Ceram / Dec 7 Frontier Ceramics Limited(FRCL)	17.90 ▼ -1.45 (-7.49%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	244,993,958 ▲ 0.45
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	98,453,132 ▲ 0.20
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	60,160,000 ▲ 0.16
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	58,797,833 ▲ 0.06
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	42,648,059 ▲ 2.06
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	42,592,000 ▲ 0.57
Pak Elektron / Dec 7 Pak Elektron Limited(PAEL)	42,440,851 ▲ 1.41
Hum Network / Dec 7 Hum Network Limited(HUMNL)	40,021,000 ▲ 0.02
TPL Properties / Dec 7 TPL Properties Limited(TPLP)	35,956,082 ▲ 1.02
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,324,615 ▼ -0.23

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 7	284.53
USD PKR Interbank Buying / Dec 7	284.03
USD to Japanese Yen / Dec 7	146.80
USD to Swiss Franc / Dec 7	0.88
Pound Sterling to USD / Dec 7	1.25
Euro to USD / Dec 7	1.08
UK LIBOR % / Dec 6	5.47

Stock	Volume
S&P 500 / Dec 6	4549.34
Nasdaq / Dec 6	14146.71
Dow Jones / Dec 6	36054.43
India Sensex / Dec 7	69549.02
Tokyo Nikkei / Dec 7	32831.35
Hang Seng / Dec 7	16268.89
FTSE 100 / Dec 7	7485.25
Germany DAX 30 / Dec 7	16619.17
France CAC40 / Dec 7	7428.09

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 6	17235
Gold 10 Grams PKR / Dec 6	186986
Crude Oil USD/Barrel / Dec 7	69.77
Gold Spot USD/Ounce / Dec 7	2026.24
Cotton US¢/pound / Dec 7	79.89

Calculate your monthly liability in FY24

European Union

Most Popular Articles