Trends - Joe Biden - Business Recorder

Joe Biden

European shares inch lower on lockdown worries

US president-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, but failed to excite markets that had rallied in anticipation of the announcement.

Published 15 Jan, 2021 02:20pm

Business & Finance

US Treasury overhauls stake in Fannie, Freddie with eye towards government exit

Government officials also acknowledged that a number of complicated issues must still be resolved by the incoming Biden administration.

Published 15 Jan, 2021 12:29pm

Markets

New York City's FY 2022 budget gap grows to $5.25 billion

The mayor called for a new and substantial round of stimulus to help offset the economic fallout from the pandemic and stave off the possibility of state funding cuts.

Published 15 Jan, 2021 12:25pm

World

Biden picks former South Carolina Democratic Party chair Harrison to head DNC

The current DNC chairman, Tom Perez, has said he would not seek another term.

Published 15 Jan, 2021 12:18pm

World

Biden unveils plan to pump $1.9 trillion into pandemic-hit economy

The Biden plan - if enacted - would buy more time for the economy to bridge the period until the distribution of vaccines allows for a wider resumption of economic activity.

Published 15 Jan, 2021 12:13pm

World

Biden's inauguration rehearsal postponed over security concerns, Politico says

The rehearsal is now planned for Monday.

Published 15 Jan, 2021 11:05am

World

Pence vows to honor U.S. history, ensure safe inauguration of new president

“We all lived through that day - January 6. And as the president made clear yesterday, we are committed to an orderly transition and to a safe inauguration. The American people deserve nothing less,” Pence said during his first public event since the attack that left five people dead.

Published 15 Jan, 2021 10:58am

World

'We cannot afford inaction' on US economy: Biden

"In this moment of crisis... we cannot afford inaction."

Published 15 Jan, 2021 09:41am

Markets

Hong Kong stocks flat at lunch

The Hang Seng Index inched up 0.12 points, to 28,496.98.

Published 15 Jan, 2021 09:25am

Markets

Asian markets mixed after Biden unveils huge stimulus plan

Reassurances from Federal Reserve boss Jerome Powell that record-low interest rates and loose monetary policy would remain in place for some time also removed some lingering angst on trading floors.

Published 15 Jan, 2021 09:23am

Markets

Treasury yields edge up on expectations of Biden stimulus plan

The market was primed for higher rates today for continued increase in yields today in anticipation of what Biden is going to say tonight, until we hit jobless claims.
Initial claims for state unemployment benefits increased 181,000 to a seasonally adjusted 965,000 for the week ended Jan. 9, the highest since late August.

Published 14 Jan, 2021 09:48pm

World

Lady Gaga, Jennifer Lopez to perform at Biden inauguration

Some 20,000 National Guard soldiers are expected in Washington for Biden's inauguration.
The capital is already under heavy security, with much of downtown fenced off and under guard.

Published 14 Jan, 2021 08:33pm

World

Progress stalls in Afghan peace talks as sides await Biden

After a month-long break, some negotiators from both sides have yet to return to Doha, the Qatari capital that has served as venue for negotiations between the Afghan government and the insurgents to end decades of war.
In an agreement reached last year, Trump, who had long promised to end America’s longest war, signed the United States up to a full withdrawal in coming months.

Published 14 Jan, 2021 06:54pm

World

Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy

The incoming administration will work with Congress on the quick stimulus package after Biden takes office on Jan. 20.
Biden plans to introduce his package during a prime-time address on Thursday evening, underscoring the seriousness of the topic.

Published 14 Jan, 2021 06:09pm

World

Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy

The incoming administration will work with Congress on the quick stimulus package after Biden takes office on Jan. 20.
Biden plans to introduce his package during a prime-time address on Thursday evening, underscoring the seriousness of the topic, but he will have to compete for attention with the political drama in Washington.

Published 14 Jan, 2021 05:36pm

World

Biden urges Senate to focus on his priorities despite Trump impeachment

A Senate trial of Trump would begin only after this date.

Published 14 Jan, 2021 10:00am

Technology

Twitter chief says Trump ban sets 'dangerous' precedent

"Having to take these actions fragment the public conversation," Dorsey said.

Published 14 Jan, 2021 09:41am

Markets

Most markets rise in Asia with Biden stimulus plan in focus

Tech giants Alibaba and Tencent surged in Hong Kong after a report that the US will not bar Americans from investing in them, as it has done for other firms over national security concerns.

Published 14 Jan, 2021 09:38am

Markets

Hong Kong stocks up at break

The Hang Seng Index rose 0.49 percent, or 139.65 points, to 28,375.25.

Published 14 Jan, 2021 09:32am

Markets

Gold rises on inflation bets ahead of Biden unveiling stimulus

Gold is considered a hedge against inflation.

Published 14 Jan, 2021 09:19am

World

Biden to press for immediate economic 'rescue' package, economic adviser

"This is a very precarious moment for our economy and our country right now," Deese said.

Published 13 Jan, 2021 11:45pm

Markets

Dollar bears grow cautious as U.S. yields rise

Still, the prospect that rising yields will continue burnishing the dollar's attractiveness has given pause to some investors betting on more declines in the greenback.

Published 13 Jan, 2021 11:38pm

Markets

Stocks rise, U.S. yield falls; demand weighs on oil

Consumer prices are expected to run hotter in a couple of months when March and April of 2020, which saw very low inflation, fall off the yearly reading.

Published 13 Jan, 2021 11:33pm

World

Tech giants hope for US data privacy law

The European Union's GDPR has largely contributed to making consumers aware of the issues related to the data that they submit to large digital platforms.

Published 13 Jan, 2021 08:01pm

World

Biden names Samantha Power as US aid chief, boosts role

Power was an early supporter of Barack Obama who in his second term as president made her US ambassador to the United Nations.

Published 13 Jan, 2021 07:51pm

World

US House poised to impeach Trump for his role in Capitol assault

A vote of the House majority to impeach would trigger a trial in the still Republican-controlled Senate.
I do not believe that such a course of action is in the best interest of our Nation or consistent with our Constitution.

Published 13 Jan, 2021 06:40pm

World

US must reverse Trump course, make human rights central

Biden, due to take office on Jan. 20, should make human rights a cornerstone of US foreign policy, said Roth.
Trump has denied responsibility for the violence and previous allegations of violating human rights.

Published 13 Jan, 2021 06:25pm

World

North Korea's Kim pledges to strengthen nuclear arsenal

Its policy towards the North "will never change, whoever comes into power", he added, without mentioning Biden by name.

Published 13 Jan, 2021 05:48pm

World

Biden names ex-ambassador Power to lead US international aid agency

Power will rally the international community and work with our partners to confront the biggest challenges of our time - including COVID-19.

Published 13 Jan, 2021 05:35pm

World

HRW urges Biden to let justice 'go forward' on Trump

In addition to Trump's alleged role in the storming of the Capitol, he said there were likely a long line of suspected crimes prosecutors could be interested in pursuing.

Published 13 Jan, 2021 05:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Joe Biden

Most Popular