Trends - European Union - Business Recorder

European Union

EU at odds over gas price cap as 12 countries criticise latest proposal

BRUSSELS: A dozen countries including Belgium, Italy, Poland and Slovenia have made a push to "significantly" lower ...

Updated 10 Dec, 2022 08:50pm

World

Russian assets worth 19bn euros frozen in EU over Ukraine war

BRUSSELS: EU countries, led by Belgium and Luxembourg, have frozen 18.9 billion euros of assets belonging to Russian...

Published 09 Dec, 2022 10:39pm

Markets

Palm oil drops after new EU law on commodities

JAKARTA: Malaysian palm oil futures fell on Wednesday after the European Union agreed on a new law to prevent...

Published 08 Dec, 2022 05:58am

World

Xi travels to Saudi for three days of Mideast outreach

RIYADH: Chinese President Xi Jinping arrives in Saudi Arabia on Wednesday for three days of meetings with regional...

Published 07 Dec, 2022 01:12pm

World

Heat will stay on in Europe this winter, but after?

PARIS: Europe is likely to scrape through this winter without cutting off gas customers despite reduced Russian...

Published 07 Dec, 2022 12:48pm

World

EU agrees ban on imports driving deforestation

BRUSSELS: The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and...

Published 07 Dec, 2022 05:54am

Business & Finance

US, EU weigh climate-based tariffs on Chinese steel, aluminium

The United States and the European Union are weighing new tariffs on Chinese steel and aluminium as part of a bid to...

Published 06 Dec, 2022 09:58am

Markets

EU countries considering lowering gas price cap

BRUSSELS: European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a...

Published 05 Dec, 2022 05:47am

Markets

Opec+ likely to maintain oil output levels

VIENNA: Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output...

Published 04 Dec, 2022 11:08am

Markets

Oil dips ahead of OPEC+ meeting

HOUSTON: Oil futures slipped by about $1 a barrel in choppy trading on Friday ahead of a meeting of the Organization...

Published 04 Dec, 2022 03:37am

World

Russian oil price cap can be adjusted to market developments: EU head

PARIS: A new price cap on Russian seaborne oil will be adjustable over time so that it can react to market...

Published 02 Dec, 2022 11:40pm

World

EU countries to consider lower gas price cap

BRUSSELS: European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a...

Published 02 Dec, 2022 01:34pm

Opinion

US Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors

The US Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that...

Published 02 Dec, 2022 05:47am

World

Macron kicks off US state visit, with trade dispute looming

WASHINGTON: French President Emmanuel Macron was set to meet President Joe Biden on Wednesday, at the start of a...

Published 30 Nov, 2022 11:19am

Markets

Oil falls to near year’s lows on China demand worries

NEW YORK: Oil prices slid on Monday, falling close to their lowest level this year, as street protests against ...

Published 29 Nov, 2022 05:57am

Pakistan

Informal economy workers: GIZ, KP-TEVTA join hands to bridge skills gap

PESHAWAR: Technical Vocational Education and training (TVET) Sector Support Programme, funded by the European Union,...

Published 28 Nov, 2022 05:48am

Markets

EU delays talks on Russian oil price cap until next week

BRUSSELS: A meeting of European Union government representatives, scheduled for Friday evening to discuss a Group of...

Published 26 Nov, 2022 04:13am

World

France-Italy spat triggers EU migration crisis talks

BRUSSELS: European interior ministers gathered for crisis talks on Friday as an ugly row between Paris and Rome over...

Published 25 Nov, 2022 06:52pm

World

India seeks to use global energy challenge as opportunity, says minister

NEW DELHI: India, the world's third biggest oil import, hopes to convert the current global oil challenges from the...

Published 24 Nov, 2022 11:35pm

Markets

ICE canola slips

WINNIPEG, (Manitoba): ICE canola futures dropped on Monday for the fourth straight session, plunging with European...

Published 23 Nov, 2022 05:55am

Markets

EU wheat mixed with exports in focus

PARIS: Euronext wheat futures were mixed on Monday, with front-month futures again supported by export demand and...

Published 22 Nov, 2022 03:23am

World

EU ‘disappointed’ with UN climate deal on emissions

SHARM EL SHEIKH: The European Union expressed disappointment Sunday with a lack of ambition on reducing emissions in...

Published 20 Nov, 2022 12:23pm

World

EU slams ‘reckless’ N.Korea intercontinental ballistic missile launch

BRUSSELS: The European Union on Saturday decried the “dangerous” test of North Korea’s newest intercontinental...

Published 19 Nov, 2022 05:30pm

World

EU proposes midway path on climate damage fund to unblock COP27 talks

SHARM EL-SHEIKH: Climate negotiators on Friday were mulling a late-night European Union proposal aimed at resolving...

Published 18 Nov, 2022 02:21pm

Markets

India power binges on coal, outpaces Asia

MUMBAI: India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since...

Published 18 Nov, 2022 02:06pm

World

World Bank financing arm IFC will discuss $2bn Ukraine package in December

LONDON: The World Bank's private investment arm will discuss a $2 billion support package for Ukraine at a board...

Published 17 Nov, 2022 10:18pm

World

NATO envoys hold emergency meeting on Poland blast

BRUSSELS: NATO ambassadors will hold an emergency meeting at 1000 CET (0900 GMT) on Wednesday to discuss a missile...

Published 16 Nov, 2022 01:48pm

Markets

Oil prices dip on Chinese demand concerns

NEW YORK: Oil prices edged lower on Tuesday as rising COVID-19 cases in China heightened fears of lower fuel...

Published 16 Nov, 2022 05:50am

World

US, EU plan AI roadmap at next trade, technology council meeting on Dec. 5

WASHINGTON: The United States and European Union plan to release a new artificial intelligence roadmap that...

Published 10 Nov, 2022 11:20pm

World

EU won’t recognise Russian passports from occupied Ukraine

BRUSSELS: The European Union said Thursday it will not recognise Russian passports issued in regions of Ukraine...

Published 10 Nov, 2022 09:20pm

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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