Trends - Mario Draghi - Business Recorder

Mario Draghi

Italy's Draghi calls for US and UK to lift block on COVID vaccine exports

Draghi told the lower house of parliament he shared the aim behind US President Joe Biden's call for a waiver of patents on coronavirus vaccines, adding that a temporary suspension would probably not discourage pharmaceutical research.

Published 12 May, 2021 07:39pm

Business & Finance

Argentine president to head to Europe as IMF debt weighs heavy

On Monday afternoon he will head to Spain to meet King Felipe VI and Prime Minister Pedro Sanchez.

Published 07 May, 2021 10:21am

World

US, UK rush supplies to virus-hit India as Italy opens up

NEW DELHI: The United States and Britain rushed ventilators and vaccine materials to virus-stricken India on Monday...

Updated 27 Apr, 2021 10:08am

World

Italy’s fate, credibility at stake with EU recovery plan: PM

ROME: Italian Prime Minister Mario Draghi on Monday presented his government’s 220-billion-euro ($266-billion)...

Updated 27 Apr, 2021 10:08am

World

Italy's Draghi expects economy to jump, looks to bet on ‘good debt’

"We will have a very strong economic rebound in the coming months and will then have to settle on a path, on a level of growth, that will allow us to free ourselves of the high debt," Draghi told a news conference.
"We are issuing and will (continue to) issue debt. The point is that this debt must be invested well ... it is a bet on good debt," he said.

Published 16 Apr, 2021 07:52pm

World

Italy cuts growth outlook, expects surge in deficit, debt

Italy cuts 2021 GDP forecast to 4.5% from 6.0%.
Hikes deficit target to 11.8%.
Approves new 40-bln-euro stimulus package.
Debt to rise to post-war record of almost 160% of GDP.

Published 15 Apr, 2021 08:22pm

World

Erdogan fires back at Draghi over ‘dictator’ comment

ISTANBUL: Turkish President Recep Tayyip Erdogan on Wednesday slammed Italian Prime Minister Mario Draghi for ...

Updated 15 Apr, 2021 10:09am

Business & Finance

Italy to spend 60pc more of EU funds on better broadband

Italy to get 206 bln euros from EU emergency programme.
Draghi aims to invest 6.7 bln euros in broadband infrastructure.
Total resources for digitalisation around 49 bln euros.
Ministers considering alternatives to single broadband network.

Published 13 Apr, 2021 06:17pm

Business & Finance

Italy vetoes takeover of semiconductor firm by Chinese company Shenzhen

Italian government shields Milan-based company LPE.
Semiconductors deemed of strategic importance, Draghi says.
Rome bolstering anti-takeover powers in key assets.

Published 09 Apr, 2021 08:37pm

BR Research

Italy readies 30bn euro stimulus plan, seen pushing deficit above 10pc of GDP

The money will fund additional grants to businesses forced to close due to coronavirus restrictions and extend an existing debt moratorium for small and medium-sized companies, the state auditor at the Treasury, Biagio Mazzotta, added.
"The next stimulus package will certainly be substantial, I think it will be worth as much as the first one approved this year," Mazzotta said at a conference on the COVID crisis.

Updated 09 Apr, 2021 12:26am

World

Italy PM gets AstraZeneca jab as Rome schools reopen

The 73-year-old and his wife were vaccinated at a centre at Rome's central Termini station, a spokesman said.

Published 30 Mar, 2021 05:36pm

World

Italian PM plans Libya visit in April

"I myself will make a visit to Libya, I think on April 6 or 7, in any case in the first week of April."

Published 24 Mar, 2021 07:44pm

World

Mario Draghi honours Covid victims at 'Italy's Wuhan'

Italy's government has set a target to triple vaccinations to 500,000 per day by mid-April, and to fully vaccinate 80 per cent of the population by mid-September.

Published 18 Mar, 2021 08:42pm

World

EU faces fresh shortfall of AstraZeneca vaccine supplies

LONDON: The European Union is facing further shortfalls in its coronavirus inoculation programme after Anglo/Swedish...

Published 14 Mar, 2021 04:13am

World

Italy's Draghi says will hike deficit further to support economy

"I will propose to parliament ... a new increase in the deficit," said Draghi, who took office a month ago at the head of a government of national unity. Rome's most recent estimate was for a deficit-to-GDP ratio of 8.8% this year.

Published 12 Mar, 2021 08:23pm

World

PM Draghi pledges to speed up jabs, pull Italy clear of COVID crisis

In his first major address since taking office last month, the former European Central Bank chief said the situation was deteriorating as new cases rose, but predicted that the end was nonetheless within sight.
"The pandemic is not yet over, but with the acceleration of the vaccine plan, a way out is not far off," Draghi said in a video address to mark international women's day.

Updated 08 Mar, 2021 10:18pm

World

Italy's Draghi fires COVID commissioner with vaccination drive in spotlight

General Francesco Paolo Figliuolo, the new commissioner, has been head of army logistics since 2018, Draghi's office said in a brief statement, thanking Arcuri for his "commitment and dedication ... in a moment of particular emergency for the country."

Published 01 Mar, 2021 08:14pm

World

Draghi sets out plan to rebuild virus-hit Italy

In a second speech on Wednesday evening, he also pleaded for a revival of a failed policy: forcing EU countries to each take a share of the migrants arriving from across the Mediterranean, after years of Italy shouldering much of the burden.

Published 18 Feb, 2021 10:23am

World

Italy's new PM Draghi promises sweeping reforms, urges national unity

Tells Senate his priority is fighting pandemic.
Vows sweeping tax, judicial, administrative reforms.
Draghi faces mandatory confidence vote in Senate.

Published 17 Feb, 2021 06:59pm

World

Draghi sets out plan to rebuild virus-hit Italy

On Wednesday, Draghi said it was a time of "intense emotion" personally to take over with Italy in such a "dramatic situation".

Published 17 Feb, 2021 04:48pm

World

New PM Draghi to unveil plan to rescue Italy from virus crisis

The new premier has enough support without them but the rumblings highlight the fragility of his coalition.

Published 17 Feb, 2021 11:39am

World

Germany's Scholz lauds Draghi-led government as ‘very good sign’

In Italy, again, a pro-European government has been formed. That's a very, very good sign.
Mario Draghi stands for a very smart policy, he is very experienced in fiscal policy. He is well connected internationally and he is a true European.

Published 15 Feb, 2021 08:54pm

World

Italy's Draghi takes office, faces daunting challenges

Draghi's government is 67th since World War Two.
Cabinet includes mix of technocrats and politicians.
Must move fast to tackle array of daunting woes.

Published 13 Feb, 2021 06:00pm

World

Mario Draghi sworn in as Italy's new PM

Members of his new cabinet, who include technocrats, veteran politicians and ministers held over from the previous government, each took the oath of office.

Published 13 Feb, 2021 05:02pm

World

Italy's Draghi to meet president, looks set to form government

President Sergio Mattarella gave Draghi a mandate to put together a new administration last week following the collapse of the previous coalition.
Almost all the major parties have agreed to back Draghi, one of the most respected figures in Italy who carries significant clout on the international stage.

Published 12 Feb, 2021 09:50pm

Markets

Market bets on new 50-year Italian bond with launch of Draghi's government

The Italian Treasury sees overall issuance in 2021 broadly in line with last year's 551 billion euros ($668.2 billion).
With the ECB buying, curves flattening and the 2067 bond now quite old, I would have expected them to have already issued a 50-year BTP by now.

Published 12 Feb, 2021 06:10pm

World

Italy's 5-Star gets in tangle over Draghi

With pledges of support from a host of groups, including the League, Forza Italia and the Democratic Party.
Saying 'yes' or 'no' to Draghi would be too simplistic ... We need to vote on a programme,

Published 10 Feb, 2021 07:33pm

Business & Finance

Italian bond yields hit 1-month low as Draghi inches closer

Bond markets are clearly indicating a lower perceived risk premium in Italy, which is good news for the broader European story.
Italy's 10-year bond yield was almost one bps lower at 0.508%, hovering around one-month lows.

Published 09 Feb, 2021 08:31pm

World

Italy's Draghi holds final round of talks on new govt

Italy has been without a fully functioning government for almost a month since the centre-left coalition collapsed, forcing Giuseppe Conte to resign as prime minister.

Published 08 Feb, 2021 09:38pm

World

Italy's Draghi set for final round of talks on new govt

Draghi is expected to report back on Wednesday to President Sergio Mattarella on whether he can form a government.

Published 08 Feb, 2021 08:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Mario Draghi

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