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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,042
524hr
Pakistan Cases
1,345,801
6,80824hr
Sindh
513,046
Punjab
456,992
Balochistan
33,780
Islamabad
113,688
KPK
182,950

Financial markets

Foreigners' share in Russia's OFZ bonds shrinks in March to lowest since 2015
Markets

Foreigners' share in Russia's OFZ bonds shrinks in March to lowest since 2015

  • Foreign investors' share of Russian debt has been on decline for months and its slide accelerated recently amid intensified fears of fresh US sanctions against Moscow.
  • "The largest exodus (of foreign investors) from the Russian market was observed on particular days with increased volatility due to geopolitical risks," the central bank said in a report on financial markets.
Published 12 Apr, 2021 08:49pm
Suez attempt to fight Veolia offer breaches takeover rules
Business & Finance

Suez attempt to fight Veolia offer breaches takeover rules

  • In an effort to force Veolia to negotiate, the Suez board has set up a Dutch foundation to prevent the sale of French water assets that its rival would need to divest to win antitrust approval to buy Suez.
  • Suez also proposed last month to negotiate a takeover if the two companies agreed on the sale of most of Suez's French assets to investment funds Ardian and Global Infrastructure Partners (GIP).
Published 02 Apr, 2021 06:45pm
Trading volumes in emerging hard-currency debt shrink 11pc in 2020
Markets

Trading volumes in emerging hard-currency debt shrink 11pc in 2020

  • "The year was marked by the outbreak of Covid-19 leading to a sell-off in the financial markets and the dramatic contraction in economic growth around the globe," EMTA said in a statement.
  • "The adoption of expansive monetary policies and historically low US Treasury yields later encouraged capital flows into higher-yielding asset classes including EM."
Published 29 Mar, 2021 09:34pm
Wall Street bonuses jump 10pc in 2020, says NY state comptroller
Markets

Wall Street bonuses jump 10pc in 2020, says NY state comptroller

  • "Wall Street's near-record year shattered all expectations," New York State Comptroller Thomas DiNapoli said.
  • "The early forecast of a disastrous year for financial markets was sharply reversed by a boom in underwriting activity, historically low interest rates, and surges in trading spurred by volatile markets," he added.
Published 26 Mar, 2021 07:35pm
Cotton jumps 3pc
Markets

Cotton jumps 3pc

NEW YORK: ICE cotton futures gained 3% on Monday bolstered by hopes for stronger demand as the global economy...
Published 02 Mar, 2021 05:50am
Dollar on track for worst year since 2017
Markets

Dollar on track for worst year since 2017

  • An improving economic outlook as COVID-19 vaccines are rolled out and unprecedented fiscal and monetary stimulus has dimmed the allure of the greenback.
  • The US currency is also suffering from rising fiscal and current account deficits that show no signs of slowing down.
Published 31 Dec, 2020 09:14pm