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CDU

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 / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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