USA -World - Business Recorder

USA

Trump says safety will be the dominant factor in his TikTok decision

They're working to see if they can make a deal," he told reporters, adding that if a deal is made.
It will be presented to him. "I'll either ... approve it or not. To me, safety is the predominant factor.

Published 25 Sep, 2020 01:29am

USA

Mnuchin says US Treasury cannot act on own to avert airline layoffs

Airlines have been pushing Congress for months to back a new $25 billion bailout and extend payroll assistance to prevent passenger airline layoffs for another six months.
"Unfortunately there is not," Mnuchin said. He added the funding from Congress approved in March "literally saved the entire industry."

Published 24 Sep, 2020 11:55pm

USA

Facebook's Oversight Board plans to launch just before US election

The board, created by Facebook in response to criticism of its handling of problematic content.
Oversight Board member Alan Rusbridger told Reuters in an interview the board was now aiming for an October launch.

Published 24 Sep, 2020 11:48pm

USA

US CDC reports 201,411 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 24 Sep, 2020 11:37pm

USA

Sanders warns about US transfer of power, says Trump 'prepared to undermine democracy'

Sanders, a progressive US senator from Vermont, said in a speech in Washington that Trump, behind in the polls, is "attempting massive voter suppression" and "sowing the seeds of chaos.
This is an election between Donald Trump and democracy - and democracy must win.

Published 24 Sep, 2020 11:20pm

USA

Mary Trump, niece of Donald Trump, sues US president and family for fraud

The complaint accused Donald Trump, his sister Maryanne Trump Barry, and his brother Robert Trump, who died in August, of "rampant fraud and misconduct."
She accused the siblings of seizing control of the real estate empire built by their father Fred Trump Sr, who died in 1999, and exploiting it to enrich themselves.

Published 24 Sep, 2020 11:11pm

USA

Fed's Williams says structural inequality stifles economic growth

Structural inequality stifles growth, but there is no single silver bullet that can solve the problems laid bare by the pandemic.
There is so much work that needs to be done to make sure that we are fostering an equitable recovery.

Published 24 Sep, 2020 11:09pm

USA

New US jobless claims rose slightly last week to 870,000

Claims filed in the week ended September 19 were 4,000 above the previous week's revised level, indicating that the world's largest economy is still struggling.

Published 24 Sep, 2020 06:34pm

USA

Trudeau promises 1 million jobs as virus, election risk loom

The country's jobless rate peaked at 13.9 percent in May, while the economy contracted at a record 38.7 percent in the second quarter.

Published 24 Sep, 2020 04:08am

USA

With eye on Florida, Trump tightens Cuba travel restrictions

Trump made clear his election battle for key state Florida was on his mind with the announcement.

Published 24 Sep, 2020 02:46am

USA

Biden says Black turnout key to winning election, battling inequality

Noting that the coronavirus pandemic had hit the minority community especially hard.
There's only one way to do it. We gotta show up and vote.
A Reuters/Ipsos opinion poll shows Trump and Biden running neck and neck in the state.

Published 24 Sep, 2020 01:26am

USA

Trump unveils new sanctions targeting Cuban rum, cigars, hotels

The moves were the latest in Trump's effort, since taking office in January 2017, to roll back a detente with America's old Cold War foe pursued by his Democratic predecessor.
Trump's aides believe his toughened stance on Cuba has gone down well in the large Cuban-American community in south Florida.

Published 24 Sep, 2020 12:01am

USA

US CDC reports 200,275 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 23 Sep, 2020 11:50pm

USA

US business activity slows, house price inflation accelerates

Business activity moderates in September.
Manufacturing activity rises; services slip.
House prices increase 1.0%; up 6.5% year-on-year.

Published 23 Sep, 2020 11:45pm

USA

Canada's Trudeau to unveil plan to address coronavirus outbreak, revive economy

Trudeau, who has consistently vowed to do more to combat climate change, is paring down talk of a green revolution.
The three prongs of what we are doing are fighting COVID-19, supporting Canadians, and a resilient recovery.

Published 23 Sep, 2020 11:37pm

USA

Pompeo warns local US politicians to be alert to Chinese 'influence and espionage'

Know that when you are approached by a Chinese diplomat, it is likely not in the spirit of cooperation or friendship.
The latest swipe at Beijing comes in the run-up to the November presidential election, in which US President Donald Trump has made a tough approach to China an important foreign policy platform.

Published 23 Sep, 2020 11:20pm

USA

Fed's Quarles sees long recovery, says he'll be 'more patient' on inflation

Although we have seen the beginnings of a strong recovery, even optimistic forecasts suggest.
I likely will be even more patient in reacting to small upward deviations, given the (Fed's) move to focus on shortfalls of employment from maximum employment rather than deviations,

Published 23 Sep, 2020 11:13pm

USA

US FDA head tells Senate hearing COVID-19 vaccine safety comes first

Career scientists working at the FDA will decide on a vaccine, US FDA Commissioner Dr. Stephen Hahn said.

Published 23 Sep, 2020 08:35pm

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

Gainers
Losers
Leaders

Stock	Price
Reliance Weav. / Sep 25 Reliance Weaving Mills Limited(REWM)	31.0000 ▲ 0.65 (2.14%)
First AL-Noor Mod. / Sep 25 First Al-Noor Modaraba(FANM)	3.8900 ▲ 0.21 (1.20%)
TPL Properties / Sep 25 TPL Properties Limited(TPLP)	10.2000 ▲ 0.35 (0.41%)
Engro Powergen / Sep 25 Engro Powergen Qadirpur Limited(EPQL)	21.7883 ▲ 0.89 (0.05%)
Shahmurad / Sep 25 Shahmurad Sugar Mills Limited(SHSML)	100.0000 ▼ 0.00 (0.00%)
Security Papers / Sep 25 Security Papers Limited(SEPL)	213.0000 ▲ 3.00 (0.00%)
Din Tex. / Sep 25 Din Textile Mills Limited(DINT)	47.5600 ▼ 0.00 (0.00%)
Trust Mod. / Sep 25 Trust Modaraba(TRSM)	4.1900 ▲ 0.98 (0.00%)
Security Bank / Sep 25 Security Investment Bank Limited(SIBL)	8.0000 ▼ 0.00 (0.00%)
Tata Textile / Sep 25 Tata Textile Mills Limited(TATM)	35.5000 ▼ 0.00 (0.00%)

Stock	Price
Popular Islamic Mod. / Sep 25 Popular Islamic Modaraba(PIM)	8.0000 ▼ 1.99 (-24.88%)
First Pak Modaraba / Sep 25 First Pak Modaraba(PAKMI)	2.6000 ▼ 0.60 (-17.96%)
Ist Paramount / Sep 25 First Paramount Modaraba(FPRM)	7.4200 ▼ 1.12 (-15.09%)
Al-Mali / Sep 25 Modaraba Al-Mali(MODAM)	7.1011 ▼ 1.10 (-14.29%)
Grays Leas. / Sep 25 Grays Leasing Limited(GRYL)	8.0000 ▼ 0.94 (-11.75%)
Ismail Ind. / Sep 25 Ismail Industries Limited(ISIL)	471.9200 ▼ 51.92 (-11.00%)
Unicap Mod. / Sep 25 Unicap Modaraba(UCAPM)	1.2000 ▼ 0.13 (-10.83%)
Arshad Energy / Sep 25 Arshad Energy Limited(AEL)	11.2700 ▼ 2.17 (-10.51%)
Pervez Ahmed Cons. / Sep 25 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.0500 ▼ 0.10 (-9.52%)
MACPAC Films / Sep 25 MACPAC Films Limited(MACFL)	25.3900 ▼ 2.29 (-9.01%)

Stock	Volume
SILKBANK / Sep 25 Silkbank Limited(SILK)	157,950,500 ▼ 0.15
K-Electric Ltd / Sep 25 K-Electric Limited(KEL)	31,680,000 ▼ 0.19
Unity Foods / Sep 25 Unity Foods Limited(UNITY)	24,248,500 ▼ 1.19
Jahangir Sid. Co. / Sep 25 Jahangir Siddiqui & Co. Ltd.(JSCL)	23,231,000 ▼ 3.58
Hascol Petroleum / Sep 25 Hascol Petroleum Limited(HASCOL)	20,804,500 ▼ 0.65
P.T.C.L.A / Sep 25 Pakistan Telecommunication Company Ltd(PTC)	17,481,000 ▼ 0.46
Power Cement / Sep 25 Power Cement Limited(POWER)	16,270,000 ▼ 0.46
Bank of Punjab / Sep 25 The Bank of Punjab(BOP)	14,398,500 ▼ 0.30
Pak Int.Bulk Ter / Sep 25 Pakistan International Bulk Terminal Limited(PIBTL)	12,677,500 ▼ 0.55
Aisha Steel / Sep 25 Aisha Steel Mills Limited(ASL)	10,138,000 ▼ 0.72

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 24	166.25
USD PKR Interbank Buying / Sep 24	166.15
USD to Japanese Yen / Sep 24	105.36
USD to Swiss Franc / Sep 24	0.92
Pound Sterling to USD / Sep 24	1.27
Euro to USD / Sep 24	1.17

Stock	Volume
S&P 500 / Sep 24	3236.92
India Sensex / Sep 24	37668.42
Tokyo Nikkei / Sep 24	23346.49
Nasdaq / Sep 24	10632.98
Hang Seng / Sep 24	23346.49
FTSE 100 / Sep 24	5899.26
Dow Jones / Sep 24	26763.13
Germany DAX 30 / Sep 24	12642.97
France CAC40 / Sep 24	4802.26

Indicator	Value
Weekly Foreign Reserves / Sep 24	19959.00
UK LIBOR % / Sep 24	0.08
GDPGROWTH / Sep 24	5.40
Foreign Debt (PKR billions) / Sep 24	15087.50
Per Capita Income USD (CPI) / Sep 24	1516.00
Average CPI % / Sep 24	11.11

Business Recorder