Trends - Michel Barnier - Business Recorder

Michel Barnier

UK must honour Brexit pledges or risk 'consequences': Barnier

The EU has already launched legal proceedings against Britain over a unilateral six-month delay to imposing customs controls on goods arriving in Northern Ireland from Britain.

Published 11 May, 2021 05:56pm

World

City of London pays early price of hard Brexit

Mark Simpson, an expert on financial services at the law firm Baker & McKenzie, agreed that by the metric of job losses, London did not need to panic yet.

Updated 14 Feb, 2021 05:13pm

World

EU's Michel calls on Biden to form new transatlantic pact

"Today is more than a transition. Today is an opportunity to rejuvenate our transatlantic relationship, which has greatly suffered in the last four years. In these years, the world has grown more complex, less stable and less predictable".

Published 20 Jan, 2021 03:17pm

World

Barnier becomes EU special adviser on UK ties

BRUSSELS: Michel Barnier, the EU’s chief Brexit negotiator, is to become a special adviser to European Commission...

Published 20 Jan, 2021 04:29am

World

Barnier becomes EU special adviser on UK ties

Barnier said he was honoured to continue working with the commission "for a few weeks".

Published 19 Jan, 2021 09:25pm

World

UK rejected visa-free entry to EU for performers: Barnier

Barnier emphasised that Britain was determined to do away with freedom of movement during negotiations.

Published 14 Jan, 2021 05:23pm

World

Chief characters in Britain's Brexit saga

Prime minister for six years from 2010, David Cameron called the vote on EU membership and led the so-called "Remain" campaign.

Published 04 Jan, 2021 11:57am

World

Barnier plans French politics return after Brexit marathon

Barnier indicated he planned to back, as before his departure to Brussels, the right-wing The Republicans (LR) rather than Macron's The Republic on the Move (LREM).

Published 29 Dec, 2020 06:11pm

Business & Finance

Brexit trade deal between EU and UK possible on Wednesday

The UK wants to gradually curb EU access to its fishing waters over three years, while the bloc is proposing six years, to give its fishing industry longer to adjust.

Published 23 Dec, 2020 10:31am

Markets

Gold inches higher on hopes of further US stimulus

SPDR Gold Trust the world's largest gold-backed exchange-traded fund, said its holdings fell 0.20% to 1,167.53 tonnes on Tuesday from 1,169.86 tonnes on Monday.

Published 23 Dec, 2020 10:18am

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

Sterling drops as EU's Barnier says just hours left for Brexit deal

The pound hit 2-1/2 yeah highs above $1.36 on Thursday, but Friday's trading session served as a reminder that a deal is far from guaranteed.

Published 18 Dec, 2020 04:56pm

World

Brexit trade talks enter desperate 'final hours'

The European Parliament has demanded that it see the text of any accord by Sunday at the latest, and the UK government says it will not allow talks to go beyond December 31.

Published 18 Dec, 2020 04:53pm

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

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

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

Barnier says Brexit talks progress but UK less optimistic

An EU official, who declined to be named, said disagreements over fisheries were not yet resolved, and many more minor issues still required "polishing".

Published 17 Dec, 2020 05:13pm

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

Markets

Dollar heavy amid stimulus progress, pound buoyed by Brexit hopes

The Aussie rose 0.1% to 75.372 US cents after touching the highest since June 2018 at 75.780 on Monday.

Published 15 Dec, 2020 08:56am

World

EU's Barnier says ‘next few days’ important for Brexit deal talks

"Fair competition, and a sustainable solution for our fishermen and women, are key to reaching a deal."

Published 14 Dec, 2020 03:26pm

Markets

Sterling up to $1.34 after Brexit talks extended

The pound traded 1.4pc higher to the dollar at $1.3405, having hit the day's high of $1.3411 earlier.

Published 14 Dec, 2020 03:04pm

World

EU's Barnier to brief envoys on Brexit talks on Monday

Sebastian Fischer said EU Chief negotiator will brief EU Ambassadors tomorrow at 8.30 a.m. on the state of play of EU-UK negotiations.

Published 14 Dec, 2020 12:36am

World

UK negotiator in talks at EU HQ on Brexit deadline

Prime Minister Boris Johnson and EU Commission chief Ursula von der Leyen were due to talk by phone later in the day.

Published 13 Dec, 2020 06:31pm

Johnson and von der Leyen decide fate of Brexit deal

"The prime minister will leave no stone unturned in this process, but he is absolutely clear: any agreement must be fair and respect the fundamental position that the UK will be a sovereign nation in three weeks' time," the source said.

Updated 13 Dec, 2020 06:11pm

Markets

European shares join global rally; eyes on Brexit talks

Globally, the S&P 500 and the Nasdaq hit record highs overnight, and Asia shares followed suit.

Published 09 Dec, 2020 01:22pm

World

Johnson jets in to Brussels in bid to save Brexit deal

Irish Prime Minister Micheal Martin welcomed the border agreement, but warned that the broader issue of a trade deal has not yet been resolved.

Published 09 Dec, 2020 12:47pm

World

EU's Barnier says Brexit talks need patience

"I just met David Frost this morning to prepare the next steps," Barnier said on Tuesday.

Published 08 Dec, 2020 06:34pm

World

Decision time nears as Brexit talks enter endgame

Barnier and Frost will resume face-to-face talks later on Monday before reporting back to their respective bosses, EU chief Ursula von der Leyen and UK Prime Minister Boris Johnson.

Published 07 Dec, 2020 03:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	278.43
USD PKR Interbank Buying / May 27	278.23
USD to Japanese Yen / May 28	157.24
USD to Swiss Franc / May 28	0.91
Pound Sterling to USD / May 28	1.28
Euro to USD / May 28	1.08

Stock	Volume
S&P 500 / May 28	5306.04
India Sensex / May 28	75170.45
Tokyo Nikkei / May 28	38790.40
Nasdaq / May 28	17019.88
Hang Seng / May 28	18612.70
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 27	19935
Crude Oil USD/Barrel / May 28	80.12
Gold 10 Grams PKR / May 28	206018
Gold Spot USD/Ounce / May 28	2358.18
Cotton US¢/pound / May 28	78.80
Petrol/Litre / May 29	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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Michel Barnier

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