USA -World - Business Recorder

USA

US passes 200,000 virus deaths, weeks before election

Trump has previously stated that by April of next year, most Americans who want to be immunized will have a vaccine.

Published 23 Sep, 2020 03:04am

USA

Despite aid impasse, Mnuchin sees strong US rebound in Q3

I believe we will see tremendous growth in the third quarter, Mnuchin said.

Published 23 Sep, 2020 02:38am

USA

Trump lashes China as UN warns against 'Cold War'

Trump has given notice that the United States is pulling out of the WHO, to which it has been the largest contributor.

Published 23 Sep, 2020 02:36am

USA

Venezuela launches London appeal in battle for $1bn in gold

The Banco Central de Venezuela (BCV) board controlled by the Maduro government is challenging a High Court ruling in July.
the bullion is his to control as the British government, along with around 60 others around the world.

Published 23 Sep, 2020 01:15am

USA

Canada at 'crossroads' with COVID-19 case numbers rising

Canada is at a crossroads and individual action to reduce contact rates will decide our path.
Tam's comments are the latest in a series of warnings from health officials across Canada that the spread of the disease is gaining momentum.

Published 23 Sep, 2020 12:51am

USA

Argentina economy plunges record 19.1pc in second quarter on pandemic impact

The steep fall, deeper than a 16.3% drop during Argentina's major 2002 crisis, came as the South American country imposed a strict lockdown in mid-March to stem the virus.
The key is the lockdown, which restricted supply and was a blow to demand, which pummeled economic activity in the second quarter of 2020.

Published 23 Sep, 2020 12:50am

USA

US House pauses vote on bill to fund government and avoid shutdown

The delay "relates to numerous agriculture provisions" in the bill, one Democratic aide said. With government funding lapsing on Sept. 30.
The bill generally continues current spending levels, avoiding a government shutdown when funding runs out on Sept. 30.

Published 23 Sep, 2020 12:46am

USA

US CDC reports 199,462 coronavirus deaths

he CDC reported its tally of cases of the respiratory illness known as COVID-19.
The CDC figures do not necessarily reflect cases reported by individual states.

Published 22 Sep, 2020 10:39pm

USA

Fed's Barkin says recent labor market improvements will slow

Many small businesses are reducing staff to adjust to lower demand, and the level of people filing for jobless claims for the first time each week remains elevated six months after the shutdown.
If this rate of initial claims continues, you have to imagine the recent improvements in the labor market are going to slow.

Published 22 Sep, 2020 10:27pm

USA

Mexico to sign up to WHO's coronavirus COVAX vaccine plan this week: foreign minister

Ebrard said Mexico has also signed up for Phase 3 coronavirus vaccine trials with more companies from around the globe.

Published 22 Sep, 2020 07:42pm

USA

Trump administration designates several US cities hotbeds of 'anarchy'

In recent months anti-racism protests have mushroomed nationwide in response to police violence.

Published 22 Sep, 2020 02:56am

USA

Trump defiantly presses 'UN' sanctions on Iran

The Trump administration has been seeking to reduce Iran's regional clout and boost its rivals Saudi Arabia and Israel.

Published 22 Sep, 2020 02:24am

USA

Canadian province of British Columbia to hold Oct. 24 election

This pandemic will be with us for a long time and that's why we need an election now.
Canada's third-most populous province has been credited with largely managing to contain the pandemic in the first few months.

Published 22 Sep, 2020 01:36am

USA

US CDC reports 199,024 coronavirus deaths

The CDC reported its tally of cases of the respiratory illness known as COVID-19.
The CDC figures do not necessarily reflect cases reported by individual states.

Published 21 Sep, 2020 11:56pm

USA

Biden, Trump campaign in US Midwest as Supreme Court fight looms

A Republican seeking re-election on Nov. 3, Trump will hold campaign events in Ohio, a state some Democrats once saw as a lock for Trump.
Each is reckoning with a presidential contest that was upended by Friday's death of the liberal Justice Ruth Bader Ginsburg.

Published 21 Sep, 2020 11:45pm

USA

House Democrats file bill to fund US government but leave out new farm money

House Democrats announced Monday they had filed the legislation, which leaves out new money that President Donald Trump wanted for farmers.
The bill is designed to give lawmakers more time to work out federal spending for the period through September 2021.

Published 21 Sep, 2020 11:32pm

USA

US debt to hit nearly twice GDP by 2050: CBO

The nonpartisan budget referee agency said that the 2020 deficit is projected at 16% of US GDP.
The share will fall for several years, but will begin rising sharply again by 2028.

Published 21 Sep, 2020 11:19pm

USA

Trump says he will announce US Supreme Court nominee Friday or Saturday

Trump said a vote on his Supreme Court nominee should come before the Nov. 3 election.

Published 21 Sep, 2020 05:55pm

USA

Brazil's Lula says he will back anyone who can take on Bolsonaro

I did all the exams for someone who wants to live to 120 and everything is marvelous.

Published 20 Sep, 2020 07:00pm

USA

Biden to weigh in on fight over Trump's next Supreme Court nomination

Biden, who stayed out the public eye on Saturday, will speak at about 2 p.m. ET (1800 GMT), his campaign said.

Published 20 Sep, 2020 06:48pm

USA

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

USA

Trump urges Supreme Court nomination 'without delay'

Trump said the "most important" decision that Republicans had been elected to make was "the selection of US Supreme Court Justices."

Published 19 Sep, 2020 08:46pm

USA

Fed begins tussle over practical meaning of new inflation policy

The new policy, laid out in a strategic document last month and incorporated into a policy statement issued on Wednesday.
Atlanta Fed President Raphael Bostic said, for example, that he'd be paying closer attention to how fast inflation rises rather than on its quarter-to-quarter level in implementing the new approach.

Published 18 Sep, 2020 08:12pm

USA

Canadian home prices rise in August as market shows signs of firming

The number of repeat sales used to derive indexes was down 1.3% year-over-year.
Compared with the same month a year ago, the index climbed 5.7%, a faster pace than in July.

Published 18 Sep, 2020 06:36pm

USA

US current account deficit surges 52.9pc in second quarter

The Commerce Department said on Friday the current account deficit, which measures the flow of goods, services and investments into and out of the country.
Data for the first quarter was revised higher to show a $111.5 billion shortfall, instead of $104.2 billion as previously reported.

Published 18 Sep, 2020 06:27pm

USA

US weekly jobless claims decline slightly to 860,000: govt

However the insured unemployment rate among people eligible for benefits fell 0.7 points to 8.6 percent.

Published 17 Sep, 2020 11:37pm

USA

US weekly jobless claims decline slightly to 860,000

Nearly 29.8 million people continued to receive some form of government aid through the week ended August 29.

Published 17 Sep, 2020 08:35pm

USA

White House suggests Congress pass standalone bill to help US airlines

Suggesting lawmakers approve a separate assistance package for the struggling corporations.
Congress has been deadlocked over approving another round of economic stimulus to blunt the effects of the coronavirus pandemic.

Published 17 Sep, 2020 07:25pm

USA

Obama says book coming in November two weeks after election

*The book will reveal Obama's thoughts during the global financial crisis.

Published 17 Sep, 2020 06:42pm

USA

US weekly jobless claims stuck at higher levels

Initial claims for state unemployment benefits totaled a seasonally adjusted 860,000 for the week ended Sept. 12, compared to 893,000 in the prior week.
Fed Chair Jerome Powell said more fiscal support was likely to be needed, adding that though the labor market has improved "substantially" it was "a long way from maximum employment."

Published 17 Sep, 2020 05:54pm

Gainers
Losers
Leaders

Stock	Price
Bal. Wheel / Sep 23 Baluchistan Wheels Limited(BWHL)	75.2300 ▲ 10.48 (14.29%)
First Equity Mod. / Sep 23 First Equity Modaraba(FEM)	4.1900 ▲ 0.49 (13.24%)
Mian Textile / Sep 23 Mian Textile Industries Limited(MTIL)	6.1000 ▲ 0.50 (5.18%)
Orix Moda. / Sep 23 Orix Modaraba(ORIXM)	19.1500 ▲ 0.85 (4.64%)
Asim Textile / Sep 23 Asim Textile Mills Limited(ASTM)	9.0000 ▲ 0.39 (4.41%)
Zephyr Tex / Sep 23 Zephyr Textiles Limited(ZTL)	8.0000 ▲ 0.25 (3.23%)
Redco Tex. / Sep 23 Redco Textiles Limited(REDCO)	7.0000 ▲ 0.11 (1.60%)
K.S.B. Pumps / Sep 23 KSB Pumps Company Limited(KSBP)	287.2683 ▲ 14.27 (1.47%)
Crescent Star / Sep 23 Crescent Star Insurance Limited(CSIL)	3.5000 ▲ 0.40 (1.25%)
Thal LTD / Sep 23 Thal Limited(THALL)	420.0000 ▲ 5.00 (0.84%)

Stock	Price
Trust Mod. / Sep 23 Trust Modaraba(TRSM)	3.2000 ▼ 1.15 (-26.52%)
PICIC Insurance / Sep 23 PICIC Insurance Limited(PIL)	1.3300 ▼ 0.26 (-19.55%)
First Elite Cap. Mod. / Sep 23 First Elite Capital Modaraba(FECM)	3.1500 ▼ 0.75 (-19.46%)
Saudi Pak Leas. / Sep 23 Saudi Pak Leasing Company Limited(SPLC)	1.9900 ▼ 0.38 (-16.58%)
Al-Mali / Sep 23 Modaraba Al-Mali(MODAM)	8.0000 ▼ 1.00 (-12.50%)
Reliance Weav. / Sep 23 Reliance Weaving Mills Limited(REWM)	32.3500 ▼ 3.85 (-11.79%)
Shaheen Ins. / Sep 23 Shaheen Insurance Company Limited(SHNI)	4.5000 ▼ 0.49 (-10.89%)
Bilal Fibres / Sep 23 Bilal Fibres Limited(BILF)	1.6900 ▼ 0.18 (-10.65%)
Pervez Ahmed Cons. / Sep 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.1400 ▼ 0.16 (-10.53%)
Drekkar Kingsway / Sep 23 Drekkar Kingsway Limited(DKL)	5.2500 ▼ 0.55 (-10.48%)

Stock	Volume
SILKBANK / Sep 23 Silkbank Limited(SILK)	149,499,500 ▼ 0.09
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	21,936,500 ▼ 1.18
P.T.C.L.A / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	16,671,500 ▼ 0.76
K-Electric Ltd / Sep 23 K-Electric Limited(KEL)	14,128,000 ▼ 0.21
Bank of Punjab / Sep 23 The Bank of Punjab(BOP)	13,089,500 ▼ 0.51
Hascol Petroleum / Sep 23 Hascol Petroleum Limited(HASCOL)	12,524,000 ▼ 0.75
Jahangir Sid. Co. / Sep 23 Jahangir Siddiqui & Co. Ltd.(JSCL)	11,297,000 ▼ 3.85
Aisha Steel / Sep 23 Aisha Steel Mills Limited(ASL)	9,347,500 ▼ 1.44
Maple Leaf / Sep 23 Maple Leaf Cement Factory Limited(MLCF)	8,593,500 ▼ 1.63
Pak Int.Bulk Ter / Sep 23 Pakistan International Bulk Terminal Limited(PIBTL)	8,505,500 ▼ 0.44

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 23	166.25
USD PKR Interbank Buying / Sep 23	166.15
USD to Japanese Yen / Sep 23	104.93
USD to Swiss Franc / Sep 23	0.92
Pound Sterling to USD / Sep 23	1.27
Euro to USD / Sep 23	1.17

Stock	Volume
S&P 500 / Sep 23	3317.49
India Sensex / Sep 23	37734.08
Tokyo Nikkei / Sep 23	23360.30
Nasdaq / Sep 23	10963.64
Hang Seng / Sep 23	23716.85
FTSE 100 / Sep 23	5829.46
Dow Jones / Sep 23	27288.18
Germany DAX 30 / Sep 23	12504.39
France CAC40 / Sep 23	4772.84

Indicator	Value
Weekly Foreign Reserves / Sep 22	19959.00
GDPGROWTH / Sep 22	5.40
Foreign Debt / Sep 22	15087.50
Per Capita Income (CPI) / Sep 22	1516.00
Average CPI / Sep 22	11.11
UK LIBOR / Sep 23	0.08

Business Recorder