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European Union

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

World

EU's Barnier says ‘extremely difficult’ to agree fishing rights in UK trade talks

While Barnier said the sides were striving at an agreement, he said the 27-nation bloc would not sign a deal that would undercut its cherished single market of 450 million consumers.

Published 18 Dec, 2020 02:35pm

World

Britain wants Brexit trade deal but prepared to walk away unless EU moves: minister

"It is a very serious situation. We will test every route to seeking a free trade agreement with the European Union, but we cannot do so at the expense of our national sovereignty," Nick Gibb told Sky News.

Published 18 Dec, 2020 12:46pm

World

Britain, EU strike pessimistic tone in post-Brexit trade talks

Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
Just over two weeks before Britain finally leaves the bloc’s orbit, European Commission President Ursula von der Leyen was also downbeat, saying it would be “very challenging” to overcome the “big differences” that remained.

Published 18 Dec, 2020 11:21am

Markets

Dollar friendless as bears pile in, poised for worst week in a month

The Bank of Japan ends its two-day policy meeting on Friday and is expected to leave rates steady but announce an extension of a package of steps aimed at easing corporate funding strains.

Published 18 Dec, 2020 10:44am

World

Google wins EU antitrust nod for $2.1 billion Fitbit deal

Alphabet’s Google won EU antitrust approval on Thursday for its $2.1 billion bid for Fitbit after agreeing restrictions on how it will use customers’ health related data.
The deal had triggered criticism from privacy advocates on both sides of the Atlantic, consumer organisations and Google rivals about the company’s market power and the use of people’s health data in targeted advertising.

Published 18 Dec, 2020 09:30am

Markets

Bank of England ready to tolerate a Brexit inflation spike

The BoE said it was ready to accept inflation rising temporarily above its 2pc target if a no-deal Brexit caused sterling to fall sharply.

Published 17 Dec, 2020 08:56pm

Markets

Dollar gets global beating as stimulus, Brexit boost risk appetite

The dollar index fell as low as 89.767 against a basket currencies, breaking below 90 for the first time since April 2018.

Published 17 Dec, 2020 08:35pm

World

EU does not expect UK trade deal by Friday

The EU sources said that any agreement that could emerge would produce a "differentiated" system on fishing quotas, but did not expect that to happen by Friday.

Published 17 Dec, 2020 08:09pm

World

Chance of agreeing EU trade deal 'less than 50pc': UK's Gove

"I think that regrettably the chances are more likely that we won't secure an agreement." Asked about the probability of a deal, he said "less than 50pc".

Published 17 Dec, 2020 07:43pm

World

Bulgaria to keep cafes and shopping malls closed in January

Bulgaria reported 1,959 new cases on Thursday, bringing the total to 186,246 with 6,196 deaths.

Published 17 Dec, 2020 06:14pm

World

EU's von der Leyen says COVID-19 vaccinations in EU to start on Dec. 27, 28, 29

She had previously called for a coordinated start to inoculations on the same day in all 27 EU countries.

Published 17 Dec, 2020 05:28pm

Markets

Sterling rises above $1.36 on renewed Brexit trade deal hopes

The pound is benefiting from an improvement in the narrative on the chances of a Brexit trade deal this week, almost a year after Britain formally left the European Union.

Published 17 Dec, 2020 04:52pm

World

EU concludes preliminary talks to buy up to 200mn doses of Novavax COVID vaccine

The possible deal with Novavax would be the seventh sealed by the EU with vaccine makers for the supply of COVID-19 shots.

Published 17 Dec, 2020 04:35pm

World

UK's Patel says on Brexit: we're in 'tunnel' of negotiations

The United Kingdom will work flat out for a Brexit trade deal and the two sides are in “tunnel” negotiations but if a deal with the European Union is not possible then the country will be prepared, interior minister Priti Patel said on Thursday.
The “tunnel” is a term for an intense final stage of secretive, make-or-break negotiations.

Updated 17 Dec, 2020 03:40pm

World

UK's Patel says on Brexit: we're in 'tunnel' of negotiations

"First of all, the prime minister and the government, we've all been very clear we are not walking away, we will continue to negotiate to get this free-trade agreement," Patel told LBC radio.

Published 17 Dec, 2020 01:50pm

Markets

Dollar in doldrums as progress on US stimulus, Brexit deals dent safety bid

Bitcoin traded at $21,342 after smashing through the $20,000 barrier for the first time overnight, and extending as high as $21,420 on Thursday.

Published 17 Dec, 2020 10:44am

World

EU agrees its green transition fund will not support natural gas

Gas emits roughly 50% less CO2 than coal when burned in power plants, but it is associated with leaks of methane, a potent greenhouse gas.
Envoys from the EU's 27 member countries endorsed the deal on Wednesday, which was struck between EU governments and the European Parliament last week.

Published 17 Dec, 2020 01:18am

World

France may start COVID-19 vaccinations in last week of Dec: PM

Castex told parliament that the vaccine campaign in France would then be stepped up in January, with the elderly and other more vulnerable groups coming first in the queue.

Published 16 Dec, 2020 09:30pm

World

UK's Johnson says a good Brexit trade deal can be done but EU knows parameters

"We've just got to make sure that we control our own laws, and control our own waters, and there's a good deal there to be done but if not, WTO/Australia terms it is."

Published 16 Dec, 2020 09:10pm

World

‘Some progress’, most likely outcome with EU is no trade deal, UK PM's spokesman says

Australia does not have a free trade agreement with the EU, meaning the bulk of its trade is on World Trade Organization terms.

Published 16 Dec, 2020 08:09pm

Markets

Euro rises to highest in more than two years as optimism builds

The euro has risen nearly 13pc since the European Union announced a recovery fund in May.

Published 16 Dec, 2020 07:14pm

Business & Finance

Facebook to move UK users to California terms, avoiding EU privacy rules

Those companies and others have European head offices in Dublin, and the UK's exit from the EU will change its legal relationship with Ireland, which remains in the Union.

Published 16 Dec, 2020 06:54pm

World

France's Macron says wants best relations possible with Britain

Speaking at a joint news conference with Portugal's Prime Minister Antonio Costa, Macron also said that he would like the integrity of the European single market to be maintained.

Published 16 Dec, 2020 06:32pm

Markets

Euro rises above $1.22 for first time in more than two years

The euro has been gaining since the European Union announced a recovery fund in May, rising nearly 13pc since then.

Published 16 Dec, 2020 05:51pm

Markets

Upbeat EU soundings on Brexit nudge pound higher

The EU's chief executive said on Wednesday she could not say if there would be a trade deal with Britain but there had been progress and the next few days would be critical.

Published 16 Dec, 2020 05:48pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Petrol/Litre / May 11	288.49
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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