Trends - United States - Business Recorder

United States

US reinstates Sudan's sovereign immunity, authorizes funds to help pay debt

The bill also appropriates an additional $150 million for Sudan's settlement payment, in order to redistribute the funds in a way the bill's sponsors say is more equitable.

Published 22 Dec, 2020 11:01am

World

US surpasses 18mn reported Covid-19 cases: Johns Hopkins

Trump's behavior has come despite having been hospitalized with the virus himself.

Published 22 Dec, 2020 09:03am

World

Key facets of the $900 billion U.S coronavirus relief bill

On Sunday, bipartisan lawmakers in the United States Congress released a long-awaited $900 billion coronavirus relief bill, which is expected to be signed into law by President Trump.
This relief package will be combined with an additional $1.4 trillion in federal funding and tax provisions to facilitate federal agencies through the end of September.

Updated 21 Dec, 2020 07:17pm

World

Rockets fired at U.S. embassy land inside Baghdad's Green Zone, damaging compound

At least eight Katyusha rockets landed in Baghdad’s heavily fortified Green Zone in an attack targeting the U.S. Embassy, causing some minor damage on the compound on Sunday.
The U.S. Embassy condemned the attack and urged all Iraqi political and governmental leaders to take steps to prevent such attacks and to hold accountable those responsible.

Published 21 Dec, 2020 02:59pm

Technology

SoftBank-backed face-scan firm rebrands US unit to add distance after blacklisting

Weeks before the blacklisting, but after Reuters reported its export restrictions, CloudMinds was granted a $1 million to $2 million loan under a pandemic aid program, showed Treasury data from August.

Published 21 Dec, 2020 11:16am

World

U.S. Congress reaches deal on COVID-19 aid package, plans votes for Monday

U.S. congressional leaders reached agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic.
The pandemic will stand as the largest crisis facing Biden’s new administration, although signs of hope have emerged as the United States has begun vaccinating people against the highly contagious respiratory disease.

Published 21 Dec, 2020 11:11am

Markets

Copper slips further below $8,000 as rally runs out of gas

Metals were also under pressure as the greenback climbed against major peers amid tightening COVID-19 lockdowns globally.

Published 21 Dec, 2020 08:56am

World

UK government pushes for lifting of U.S. travel restrictions - sources

The British government is making a concerted effort to persuade the Trump administration to lift or soften travel restrictions that bar most people in the United Kingdom from traveling to the United States.
Since then there has been no decision by President Donald Trump, but UK officials have held a series of high-level talks with White House and Cabinet officials.

Published 19 Dec, 2020 02:38pm

World

Members of the U.S Space Force will now be called ‘Guardians’

Vice President Mike Pence recently announced that members of the United States Space Force will be officially called "Guardians", celebrating the military branch's one-year anniversary.

Updated 19 Dec, 2020 02:17pm

World

U.S. can play a "critical role" in India-Pakistan dispute, says Ambassador Asad Khan

It is time that the international community understood not only India's destabilizing activities in the broader region but also their authoritarian tendencies at home under the current Hindu nationalist government under Prime Minister Narendra Modi.
- Ambassador Khan reiterated that over the past decade, Pakistan has managed to substantially reduce the number of terrorist attacks (by "non-state actors) in the country.

Updated 19 Dec, 2020 12:50pm

World

U.S adding China chipmaker SMIC to economic blacklist, Ross confirms

The department was also adding 11 affiliates of SMIC, Ross said in an interview.
It is seen as the latest in President Donald Trump’s effort to cement his tough-on-China legacy.

Published 18 Dec, 2020 04:55pm

World

Worldwide coronavirus cases cross 73.65 million, death toll at 1,654,920

Infections have been reported in more than 210 countries.

Published 18 Dec, 2020 09:30am

World

US FDA advisory panel sets stage for Moderna vaccine authorization

The FDA is expected to grant EUA late on Thursday or Friday.

Published 18 Dec, 2020 09:27am

World

Exclusive: U.S. warns Pacific islands about Chinese bid for undersea cable project - sources

The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable.
The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati.

Published 17 Dec, 2020 06:58pm

World

Top US general meets Taliban negotiators in Doha

Gen. Mark Milley, the Chairman of the Joints Chiefs of Staff, met Taliban negotiators in Doha, before flying to Kabul to meet Afghan President Ashraf Ghani.
This was Gen. Milley's second unannounced meeting with the Taliban's negotiating team, according to Associated Press, following an initial meeting in June in Doha - with both meetings kept off the record until Thursday.

Published 17 Dec, 2020 06:44pm

World

Turkey says will not turn back on Russian S-400S purchase despite sanctions

Turkey will not turn back on its purchase of Russian S-400 missile defence systems and will take reciprocal steps after evaluating U.S. sanctions imposed over the acquisition.
President Tayyip Erdogan said on Wednesday the sanctions were a “hostile attack” against Turkey’s defence industry, and they were bound to fail.

Published 17 Dec, 2020 05:05pm

World

United States hopes for trade deal with UK, Trump's trade chief says

The United States is hopeful of sealing a mini-trade deal with the United Kingdom to reduce tariffs, President Donald Trump’s trade chief, Robert Lighthizer, told the BBC.
Lighthizer said he was hopeful for a deal that could see punitive tariffs on Scottish whisky lowered, the BBC said.

Published 17 Dec, 2020 04:31pm

Markets

Swiss National Bank keeps expansive policy in place

The SNB kept its policy rate locked at minus 0.75%, as unanimously forecast by economists in a Reuters poll.

Published 17 Dec, 2020 01:38pm

Markets

South Africa's rand hits 10-month high as risk appetite nudges up

Lower interest rates in the United States typically lift demand for higher-yielding assets in emerging markets like South Africa.

Published 17 Dec, 2020 12:44pm

Business & Finance

Nokia names new chief strategy and technology officer

Batra, who is currently CTO at auto technology group Veoneer.

Published 17 Dec, 2020 12:42pm

Business & Finance

US, EU deal on aircraft subsidies should include China clause

European diplomats said the sides remained at odds, but expected to eventually reach an agreement with Lighthizer or possibly his successor.

Published 17 Dec, 2020 11:13am

World

U.S. says recent hacking campaign hit government networks

The U.S. government confirmed on Wednesday that a recent hacking campaign affected its networks and said the attack was “significant and ongoing.”

Published 17 Dec, 2020 11:13am

Markets

Will China boost corn output or become a permanent importer?

But around April this year, the country's corn prices began to rise. Between May and September, the ministry held several reserve auctions, which were cleaned out almost every time despite the high costs.

Published 17 Dec, 2020 10:49am

Markets

Taiwan central bank says US move to monitor its currency reflects trade surplus

The Taiwan dollar has strengthened more than 6% against the US dollar this year.

Published 17 Dec, 2020 09:52am

World

US vaccine campaign grows as COVID-19 kills 3,000-plus Americans daily

With hospitalizations setting a record for the 19th day in a row - nearly 113,000 patients under treatment on Wednesday - health experts warn that fatalities will rise higher still in the weeks ahead, even as the vaccine campaign steadily expands.

Published 17 Dec, 2020 09:24am

Markets

Australia shares rise on US stimulus hopes, gold stocks boost

The S&P/ASX 200 index rose 0.4% to 6,708.5 by 0010 GMT, with miners leading the charge.

Published 17 Dec, 2020 08:46am

World

Trump Administration has executed more Americans than all states combined: Report

Under the Trump Administration, for the first time in United States history, the federal government has executed more American civilians than all the states combined, over the course of a year.
Despite the decline in the practice of the death penalty, the Trump Administration formally executed 10 prisoners in 2020, which was in stark contrast to all historical norms.

Updated 16 Dec, 2020 05:03pm

World

EU members to start Covid-19 jabs 'the same day'

Her statement to the European Parliament came as pressure mounted on the bloc to catch up with the United States and Britain.

Published 16 Dec, 2020 01:24pm

Business & Finance

Asian countries, Switzerland at risk in US Treasury's currency report

Win Thin, global head of currency strategy at BBH in New York downplayed the report as "totally politicized" under Trump.

Published 16 Dec, 2020 11:55am

Business & Finance

Honda recalling 1.79 million vehicles worldwide for safety issues

Honda is also issuing two recalls covering 430,000 US vehicles in 22 US states and the District of Columbia with significant road salt use to inspect and potentially replace front drive shafts.

Published 16 Dec, 2020 11:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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