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CDU

German election favourite urges quick coalition talks

BERLIN: Germany’s conservative opposition leader, the favourite to be the next chancellor, said on Saturday a new...

Published 08 Feb, 2025 02:14pm

World

Momentum with Merkel party after victory in key state poll

"Laschet is still a long way from the chancellor's office," the Sueddeutsche Zeitung daily said. But the poll result has brought him "much closer to it".

Published 07 Jun, 2021 10:09am

World

Merkel party wins big in last German state poll before general election

The CDU under new party chief Armin Laschet won between 35 and 36 percent of the vote, exit polls showed, with the anti-immigration party on between 22.5 and 23.5 percent.

Updated 06 Jun, 2021 09:47pm

World

Final vote test in Germany ahead of post-Merkel-era election

Laschet has promised to maintain CDU as the "force of the political middleground".

Published 06 Jun, 2021 11:28am

World

Crucial test for Merkel's conservatives in Germany regional vote

Although support nationally has stagnated at around 10 to 12 percent for the AfD in recent months, in Saxony-Anhalt -- as in other former East German states -- the party has long had a strong base of support.

Published 03 Jun, 2021 11:12am

World

Germany's finance minister rejects blame for Wirecard fiasco

Olaf Scholz joins a long list of politicians and officials who have denied responsibility for slipshod oversight and what critical lawmakers see as a pro-Wirecard bias that failed to avert Germany's biggest post-war fraud.
The case, on a par with the Enron scandal in the United States, has prompted the resignation of the heads of two German supervisory authorities, an overhaul of regulation, and criminal investigations.

Published 22 Apr, 2021 06:37pm

World

Merkel party leadership backs Laschet as chancellor candidate

After more than six hours of talks, several dozen CDU board members voted 77.5 percent in favour of Laschet.

Published 20 Apr, 2021 10:48am

World

Deal elusive in conservatives' battle for Merkel's crown

The infighting has thrown the conservatives into disarray as Merkel is about to bow out after 16 years in power.

Published 19 Apr, 2021 10:18am

World

Deal elusive in conservatives' battle for Merkel's crown

BERLIN: The two conservative leaders locked in an increasingly vicious battle for Angela Merkel's crown struggled to...

Published 19 Apr, 2021 03:22am

World

German CDU backs Laschet to succeed Merkel as chancellor

Laschet enjoys "broad support" from CDU and Bavarian CSU.
Parties want quick agreement on their chancellor candidate.
Bavarian premier Soeder also wants to be candidate.
Laschet says he will speak to Soeder.

Published 12 Apr, 2021 08:52pm

World

Merkel party chief swings ahead in race to be next chancellor

Long-time Merkel ally Laschet took over as CDU leader in January but has since suffered a series of setback including a damaging spat with Merkel over virus containment measures.

Published 12 Apr, 2021 05:07pm

Markets

Exxon Baton Rouge, Louisiana, refinery restarting CDU, shuts FCC

The 90,000-bpd PSLA-7 CDU was shut on March 27 for a planned cleaning of carbon deposits, the sources said.

Published 09 Apr, 2021 11:31am

Business & Finance

Shell Norco, Louisiana, refinery CDU operating at minimum production, other units shut

Most of the other production units at the refinery remained shut on following a Wednesday afternoon loss of three steam boilers at the refinery, the sources said.

Published 08 Apr, 2021 06:05pm

Markets

Asia gasoline crack extends gains on refinery outages

SINGAPORE: Asia’s gasoline crack extended gains on Wednesday, climbing to a more than one-year high amid refinery...

Published 01 Apr, 2021 04:10am

World

Merkel and party chief at odds over virus measures

BERLIN: The leader of Angela Merkel's Christian Democratic Union party pushed back Monday against the chancellor's...

Updated 31 Mar, 2021 10:14am

Markets

Shell restarting small crude unit at Deer Park, Texas, refinery

The 70,000-bpd DU-1 CDU was shut on Feb. 14 by a pump seal failure, the sources said.

Published 29 Mar, 2021 12:28pm

World

German SPD aims for post-Merkel government without her conservatives

CDU suffered record defeats in twin state votes on Sunday.
National election due in September.
Votes raise possibility of three-way coalition without CDU.

Updated 15 Mar, 2021 09:25pm

Markets

Total restarts large crude unit at Port Arthur, Texas, refinery

Total did not reply to a request for comment.

Published 09 Mar, 2021 10:40am

Business & Finance

Marathon restarts CDU at Galveston Bay Refinery in Texas

After restarting the 225,000 bpd CDU, Marathon began on Monday a planned overhaul of the 140,000 bpd fluidic catalytic cracker 3 (FCC 3), the sources said.
On Sunday, FCC 3 had a propane leak that idled activity at the refinery for much of the day, the sources said. No injuries were reported because of the leak.

Published 08 Mar, 2021 09:59pm

World

German lawmaker from Merkel's conservatives quits over face mask scandal

"In order to avert further damage for my party, I withdraw from my Bundestag mandate," said Nikolas Loebel the conservative Christian Democrats (CDU) party in a statement.
His resignation comes one week before regional elections in the western states of Rhineland-Palatinate and Baden-Wuerttemberg, where Loebel's constituency is.

Published 08 Mar, 2021 07:06pm

Business & Finance

Total Port Arthur, Texas, large CDU to resume production Monday

In addition to beginning the restart of the 150,000-bpd ACU-1 CDU, Total restarted.

Published 08 Mar, 2021 10:21am

Markets

Asia’s gasoline and naphtha crack rises

SINGAPORE: Asia’s gasoline and naphtha cracks both strengthened on Tuesday. The gasoline crack rose for a second...

Published 18 Feb, 2021 04:08am

Business & Finance

New German CDU leader sticks to support for Nord Stream 2

The pipeline, which would double the capacity of the existing Nord Stream link from Russia to Germany and bypass Ukraine.
EU lawmakers passed a resolution on Thursday calling for the bloc to stop the completion of the Nord Stream 2 in response to Navalny's arrest.

Published 25 Jan, 2021 09:35pm

World

German CDU confirms Laschet as new leader in postal ballot

Laschet, premier of Germany's most populous state and the self-styled Merkel continuity candidate, won 83.35% of the valid postal votes cast by 1,001 delegates.
"The CDU remains Germany's Europe party," Laschet told reporters, stressing that he wanted his leadership of the party to be marked by dialogue with its grass roots.

Published 22 Jan, 2021 09:16pm

World

Merkel’s party picks her ally as next leader

BERLIN: Chancellor Angela Merkel’s conservative CDU party picked her ally Armin Laschet as its next leader on...

Updated 17 Jan, 2021 09:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	280.70
USD PKR Interbank Buying / Apr 18	280.45
USD to Japanese Yen / Apr 17	142.33
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.33
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 17	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
India Sensex / Apr 17	78,553.20
Nasdaq / Apr 17	16,286.45
Hang Seng / Apr 17	21,395.14
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
Tokyo Nikkei / Apr 18	34,730.28

Item	Value
Crude Oil USD/Barrel / Apr 17	64.68
Karachi Cotton PKR/37.32 KG / Apr 17	16,985
Gold 10 Grams PKR / Apr 17	300,068
Gold Spot USD/Ounce / Apr 17	3,326.85
Cotton US¢/pound / Apr 17	67.13
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 18 PICIC Insurance Limited(PIL)	3.45 ▲ 1 (40.82%)
Universal Ins. / Apr 18 The Universal Insurance Company Limited(UVIC)	10.37 ▲ 1 (10.67%)
Oilboy Energy / Apr 18 Oilboy Energy Limited(OBOY)	10.91 ▲ 1 (10.09%)
Popular Islamic / Apr 18 Popular Islamic Modaraba(PIM)	13.70 ▲ 1.25 (10.04%)
Bunnys Limited / Apr 18 Bunnys Limited(BNL)	26.91 ▲ 2.45 (10.02%)
Safe Mix Con.Lt / Apr 18 Safe Mix Concrete Limited(SMCPL)	18.11 ▲ 1.65 (10.02%)
Nimir Resins / Apr 18 Nimir Resins Limited(NRSL)	46.70 ▲ 4.25 (10.01%)
S.S.Oil / Apr 18 S.S.Oil Mills Limited(SSOM)	269.05 ▲ 24.46 (10%)
Pak Gulf Leasing / Apr 18 Pak-Gulf Leasing Company Limited(PGLC)	24.08 ▲ 2.19 (10%)
Indus Dyeing / Apr 18 Indus Dyeing & Manufacturing Co. Limited(IDYM)	129.98 ▲ 11.82 (10%)

Stock	Price
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	0.58 ▼ -0.49 (-45.79%)
Shaheen Ins. / Apr 18 Shaheen Insurance Company Limited(SHNI)	5.80 ▼ -1.37 (-19.11%)
Century Ins. / Apr 18 Century Insurance Company Limited(CENI)	41.20 ▼ -8.62 (-17.3%)
Escorts Bank / Apr 18 Escorts Investment Bank Limited(ESBL)	5.90 ▼ -0.94 (-13.74%)
Tariq Corp.Pref. / Apr 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.40 ▼ -0.89 (-10.74%)
Crescent Fib. / Apr 18 Crescent Fibres Limited(CFL)	45.25 ▼ -5 (-9.95%)
Zephyr Textile / Apr 18 Zephyr Textiles Limited(ZTL)	11.26 ▼ -1.22 (-9.78%)
Idrees Tex. / Apr 18 Idrees Textile Mills Limited(IDRT)	17.20 ▼ -1.85 (-9.71%)
Suraj Cotton / Apr 18 Suraj Cotton Mills Limited(SURC)	119.01 ▼ -12.62 (-9.59%)
Trust Sec.& Brok. / Apr 18 Trust Securities & Brokerage Limited(TSBL)	12.65 ▼ -1.32 (-9.45%)

Stock	Volume
Sui South Gas / Apr 18 Sui Southern Gas Company Limited(SSGC)	38,207,702 ▲ 1.49
Pak Int.Bulk / Apr 18 Pakistan International Bulk Terminal(PIBTL)	30,924,422 ▲ 0.19
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	22,825,989 ▲ 0.07
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	17,207,672 ▼ -0.01
Maple Leaf Cement / Apr 18 Maple Leaf Cement Factory Limited(MLCF)	12,780,505 ▲ 0.93
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	11,578,802 ▲ 0
Pak Elektron / Apr 18 Pak Elektron Limited(PAEL)	10,988,493 ▼ -0.53
Habib Bank / Apr 18 Habib Bank Limited(HBL)	9,338,304 ▼ -5.73
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	9,054,335 ▼ -0.49
B.O.Punjab / Apr 18 The Bank of Punjab(BOP)	8,925,360 ▼ -0.09

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