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WeChat

US Commerce Deptt rescinds TikTok, WeChat prohibited transactions list

WASHINGTON: The US Commerce Department said Monday it was rescinding a list of prohibited transactions with TikTok...

Published 22 Jun, 2021 04:46am

World

South China airport cancels flights after Covid case

BEIJING: The airport in China’s southern city of Shenzhen cancelled hundreds of flights and tightened entry...

Published 20 Jun, 2021 03:39am

Technology

Chinese apps could face subpoenas or bans under Biden order

The order will apply to business apps, including those used in banking and telecommunications, as well as consumer, the first source said.

Published 18 Jun, 2021 11:11am

Markets

US stocks climb despite sizzling inflation

US stocks pushed higher despite the prospect of a stimulus slowdown and a quicker rise in interest rates, as other data showed that first-time claims for jobless benefits continued to fall last week.

Published 10 Jun, 2021 10:00pm

Markets

Hong Kong shares kick off day with gains

The Hang Seng Index added 0.17 percent, or 49.39 points, to 28,792.02.

Published 10 Jun, 2021 10:34am

Markets

Asia markets rise with key events on horizon

The release Thursday of May's consumer price index is now crucial, with warnings that a big miss to the upside of the 4.7 percent forecast would ramp up expectations of policy tightening.

Published 10 Jun, 2021 10:00am

World

Biden drops plan to ban TikTok, WeChat

WASHINGTON: President Joe Biden on Wednesday revoked executive orders from his predecessor Donald Trump seeking to...

Published 10 Jun, 2021 03:22am

Biden drops plan to ban TikTok, WeChat: White House

His predecessor had claimed Chinese-owned apps posed national security risks

Published 09 Jun, 2021 08:00pm

Technology

Chinese grocery app Dingdong Maicai raises $700mn in latest funding round

The startup will use the funds to expand into new areas and improve supply chains, the bank said.
Dingdong Maicai - Chinese for "Dingdong buy vegetables" - was established in 2017 in Shanghai and is backed by venture capitalist Sequoia Capital China.

Published 06 Apr, 2021 10:13am

World

PipeChina to start operating gas lines

SINGAPORE: PipeChina will start operating four major gas pipelines and a liquefied natural gas (LNG) terminal from...

Updated 01 Apr, 2021 09:09am

World

Pfizer to halt biosimilar output in China, sell assets to WuXi Biologics

The facilities are equipped with bioreactors and capable of filing vials and syringes, the Chinese firm said in a statement on the WeChat app.

Published 17 Mar, 2021 02:01pm

Business & Finance

Chinese 'polar bear hotel' opens to full bookings, criticism

SHANGHAI: A hotel that bills itself as the world's first "polar bear hotel" has opened in China's far northeastern...

Published 14 Mar, 2021 04:13am

Business & Finance

China's Tsingshan signs pacts for 100,000 T nickel matte in EV push

Chinese firms have been stepping up their focus on EVs in the world's biggest market for such vehicles, as Beijing heavily promotes greener vehicles as a means of reducing chronic air pollution.

Published 03 Mar, 2021 10:33am

Business & Finance

Tencent says exec held by China over links to 'personal' corruption allegations

The CCDI and SCIO did not immediately respond to a Reuters request for comment.

Published 11 Feb, 2021 12:26pm

Technology

WhatsApp flap shows importance of message platform to Facebook

But Gebhart said users have limited options now because of the so-called "network effect" -- with so many people on WhatsApp, it's difficult to move away from the free service.

Published 10 Feb, 2021 10:22am

World

India makes ban on TikTok and 58 other Chinese apps permanent

India's Ministry of Electronics and Information Technology has issued fresh notices to make permanent a ban imposed on TikTok and 58 other Chinese applications.
The Ministry, in its decision in June, stated that these applications were "prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”.

Updated 26 Jan, 2021 12:24pm

World

US Senate panel to hold Jan 26 hearing on Biden Commerce nominee

People briefed on the matter said Tuesday it was unlikely any deal would be reached before Trump leaves office on Wednesday. The Treasury Department did not respond to repeated requests for comment.

Published 20 Jan, 2021 12:27pm

Opinion

Raast: Rolling the dice

Raast clearly has the potential to revolutionize banking in Pakistan. It is a backend plumbing that would allow...

Published 17 Jan, 2021 04:13am

Technology

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu

While Trump touted a trade deal between the rival nations, relations between Washington and Beijing soured last year over China's handling of the deadly coronavirus and its crackdown on freedoms in Hong Kong.

Published 14 Jan, 2021 10:55am

World

Beijing slams 'bullying' US over Trump order on Chinese apps

Trump ordered a ban on transactions involving Alipay, WeChat Pay and other apps linked to Chinese companies.

Published 06 Jan, 2021 05:26pm

World

Trump targets Chinese apps as his days in office dwindle

TikTok has a further fight on its hands over an August 14 executive order from Trump to force ByteDance to sell its US operations to an American buyer.

Published 06 Jan, 2021 10:21am

Business & Finance

U.S. judge denies new government bid to remove China's WeChat from U.S. app stores

U.S. Magistrate Judge Laurel Beeler said the government's new evidence did not change her opinion about the Tencent 0700.HK app. As it has with Chinese video app TikTok, the Justice Department has argued WeChat threatens national security.

Published 24 Oct, 2020 10:20am

Technology

China says US TikTok, WeChat bans break WTO rules

The official said the delegate described the US failure to provide concrete evidence of the reasons for its measures a "clear abuse" of rules.
In the same meeting, the United States defended its actions, saying they are intended to mitigate national security risks.

Published 06 Oct, 2020 01:11am

Technology

US appeals judge's ruling to block WeChat app store ban

The government said it was appealing to the 9th US Circuit Court of Appeals the Sept. 19 preliminary junction issued by US Magistrate Judge Laurel Beeler.
Lawyers for the US WeChat Users Alliance, the group behind the legal challenge to the WeChat ban.

Published 02 Oct, 2020 11:36pm

Technology

US faces ongoing court battles over TikTok, WeChat bans

US District Judge Carl Nichols, who issued an order late Sunday blocking the TikTok download ban that was set for 11:59 p.m. Sunday, questioned the government's evidence.
The government has provided ample evidence that China presents a significant national security threat, although the specific evidence of the threat posed by (TikTok)

Published 29 Sep, 2020 01:15am

World

US judge blocks Commerce Department order to remove WeChat from app stores

The WeChat Users Alliance that had sued praised the ruling "as an important and hard-fought victory" for "millions of WeChat users in the US".

Published 20 Sep, 2020 06:37pm

Technology

Trump to block US downloads of TikTok, WeChat on Sunday: officials

Current TikTok users will see little change on Sunday and US Commerce Department officials said they will not bar additional technical transactions for TikTok until Nov. 12,
ByteDance has been in talks with Oracle Corp and others to create a new company, TikTok Global, that aims to address US concerns about the security of its users' data.

Published 18 Sep, 2020 06:11pm

Business & Finance

U.S. says WeChat users will not be penalized

In August, President Donald Trump unveiled a proposed sweeping ban on U.S. transactions with Tencent Holdings Ltd, owner of the popular mainland Chinese app.

Published 17 Sep, 2020 10:13am

World

Trump targets TikTok again with new executive order

The order builds on sweeping restrictions issued last week by Trump that TikTok and WeChat end all operations in the US, his latest explosive moves aimed at countering China's rising global power.

Published 15 Aug, 2020 05:35pm

Technology

US downloads of WeChat, Signal apps spike after Trump threatens ban

WeChat app downloads in the United States rose 41% in a six-day average from the week prior to the US ban announced.
WeChat users have also turned to another Tencent-owned chat app, QQ, as the ban did not specifically cover this product.

Published 14 Aug, 2020 02:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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