Trends - Andrew Bailey - Business Recorder

Andrew Bailey

Facing market pain, UK’s Reeves says ‘pragmatic’ China ties will help growth

BEIJING: British finance minister Rachel Reeves, facing criticism for travelling to China during financial market...

Published 11 Jan, 2025 10:37am

Business & Finance

Bank of England to press on with digital currency in case banks fall short, Bailey says

WASHINGTON: The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to...

Published 27 Oct, 2024 02:44am

Business & Finance

BoE’s Pill urges cautious approach to cutting interest rates

LONDON: Bank of England Chief Economist Huw Pill said the British central bank should move only gradually with...

Published 04 Oct, 2024 02:03pm

Business & Finance

BoE plans expanded repo facilities to avert money market crunch

LONDON: The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as...

Published 23 Jul, 2024 08:29am

Markets

BoE’s Bailey says Sept CPI ‘not far off’ expectations

LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most...

Published 20 Oct, 2023 12:30pm

Business & Finance

BoE hikes rate half-point as high inflation persists

LONDON: The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle...

Published 23 Jun, 2023 06:00am

Business & Finance

BoE’s governor says rate-setters can put inflation before bank worries

LONDON: Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on ...

Published 29 Mar, 2023 06:27am

Markets

Bank of England’s Bailey says nothing decided on rates path

LONDON: Bank of England Governor Andrew Bailey said on Wednesday that nothing had been decided in terms of whether...

Published 01 Mar, 2023 03:30pm

Business & Finance

UK skirts recession with zero fourth-quarter growth

LONDON: Britain’s economy avoided recession after flatlining in the last three months of 2022, but finance ...

Published 13 Feb, 2023 05:57am

Business & Finance

BoE and Treasury think UK is 'likely' to need digital currency

LONDON: The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central...

Published 05 Feb, 2023 12:22am

Business & Finance

BoE hints rates near peak after 10th hike

LONDON: The Bank of England signalled the tide was turning in its battle against high inflation after it raised...

Published 03 Feb, 2023 06:17am

Business & Finance

BoE’s Bailey sees more optimism about inflation falling

LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...

Published 19 Jan, 2023 06:14pm

Markets

UK finance minister Hunt tells Bailey he reaffirms BoE independence

LONDON: British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed...

Published 26 Oct, 2022 12:37pm

World

UK finance minister Hunt vows to win back financial market trust

LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for...

Published 16 Oct, 2022 11:20pm

Business & Finance

BoE’s Bailey has ‘meeting of minds’ with Hunt on fixing UK crisis

WASHINGTON: Bank of England Governor Andrew Bailey said there was an “immediate meeting of minds” when he spoke...

Published 16 Oct, 2022 03:53am

Business & Finance

UK borrowing costs hit 20-year high as BoE sticks by bond deadline

LONDON: British government borrowing costs surged again on Wednesday after Bank of England Governor Andrew Bailey...

Published 13 Oct, 2022 05:59am

Business & Finance

BoE defends itself against planned Truss review

LONDON: The Bank of England on Wednesday defended itself against accusations of being too slow to tackle sky-high...

Published 08 Sep, 2022 05:43am

World

New UK leader Liz Truss finalizes huge power subsidy plan

LONDON: Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring...

Published 07 Sep, 2022 11:55pm

Business & Finance

Sterling rises 0.5pc

LONDON: Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low...

Published 26 Aug, 2022 05:35am

Business & Finance

Bank of England raises rates by most since 1995 even as long recession looms

LONDON: The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long...

Published 04 Aug, 2022 06:56pm

World

UK inflation hits 9.4%, bolstering bets on big BoE rate hike

LONDON: Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, ...

Published 20 Jul, 2022 11:30pm

Business & Finance

BoE may reduce gilts by 50-100bn pounds over a year: Bailey

LONDON: Bank of England Governor Andrew Bailey said the central bank was considering reducing its British government...

Published 20 Jul, 2022 05:48am

Markets

FTSE 100 retreats

LONDON: Britain’s top share index inched lower on Wednesday, as gains in healthcare shares were seen providing...

Published 30 Jun, 2022 06:07am

Business & Finance

Bank of England may not need to act forcefully, says Bailey

SINTRA, (Portugal): The Bank of England will not necessarily have to act “forcefully” to get inflation under...

Published 30 Jun, 2022 06:07am

Business & Finance

UK inflation jumps to 40-year peak

LONDON: Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data...

Published 18 May, 2022 12:39pm

Markets

FTSE 100 lags European peers on strong pound

LONDON: UK stocks advanced on Tuesday on hopes that China would ease its COVID-19 curbs and regulatory scrutiny,...

Published 18 May, 2022 05:54am

Business & Finance

Sterling steadies

LONDON: Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge ...

Published 17 May, 2022 05:39am

Business & Finance

Sterling rebounds after four days of losses, overlooks PM’s woes

LONDON: The British pound climbed against a broadly weak dollar on Wednesday, unruffled by Prime Minister Boris...

Published 21 Apr, 2022 05:26am

Business & Finance

Pound at 5-week high vs struggling euro

LONDON: The British pound rose against the euro on Thursday as the single currency weakened after the European...

Published 15 Apr, 2022 05:29am

Business & Finance

Sterling jumps

LONDON: Sterling gained versus the euro on Monday as the prospect of more sanctions against Russia knocked ...

Published 05 Apr, 2022 05:38am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.60 ▲ 0.40 (12.50%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.34 ▲ 0.88 (11.80%)
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	225.25 ▼ -19.75 (-8.06%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.88 ▼ -1.36 (-7.46%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13.05 ▼ -0.98 (-6.99%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Asia Ins. / Jan 21 Asia Insurance Company Limited(ASIC)	12.61 ▼ -0.90 (-6.66%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)

Stock	Volume
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	60,754,636 ▲ 0.20
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.27
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.04
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	41,142,823 ▲ 1.57
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	35,108,058 ▲ 0.18
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.13
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.72
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.96
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.06

Markets →

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Andrew Bailey

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