Trends - China - Business Recorder

China

China market blaze kills eight, 15 hurt

SHANGHAI: A fire at a vegetable market in China’s northern province of Hebei killed eight people and wounded 15,...

Published 04 Jan, 2025 02:51pm

Business & Finance

China says ‘determined’ to open up to world in 2025

BEIJING: China is “determined” to continue opening up its economy to the world in 2025, a top economic planning...

Published 03 Jan, 2025 11:48am

Business & Finance

Trouble in China’s shopping paradise as Hainan duty-free spending falls 29%

BEIJING: Duty-free spending in China’s island province of Hainan, where global luxury players from LVMH to Kering...

Published 03 Jan, 2025 11:21am

Technology

Tesla’s China sales rise to record high in 2024, bucking global decline

BEIJING: US electric vehicle maker Tesla said on Friday its sales rose 8.8% to a record high of more than 657,000...

Published 03 Jan, 2025 11:02am

Business & Finance

China’s central bank likely to cut rates in 2025, FT reports, as part of broader policy shift

BEIJING: China’s central bank said it is likely to cut interest rates from the current level of 1.5% “at an...

Published 03 Jan, 2025 08:22am

Pakistan

Establishment of military bases: FO denies any plan to offer Gwadar Port to any other country, entity

ISLAMABAD: The Foreign Office (FO) spokesperson, on Thursday, said that Pakistan has no design whatever to offer...

Updated 03 Jan, 2025 09:25am

Technology

Apple offers iPhone discounts in China as competition intensifies

BEIJING: Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the US...

Published 02 Jan, 2025 01:35pm

World

Putin orders Russian govt and top bank to develop AI cooperation with China

MOSCOW: President Vladimir Putin has ordered Russia’s government and the country’s biggest bank, Sberbank, to...

Updated 02 Jan, 2025 07:26am

Technology

Beijing unveils plans to boost driverless vehicle use in capital

BEIJING: China’s capital Beijing passed new regulations on Tuesday to encourage autonomous driving technology in the...

Published 31 Dec, 2024 10:44am

World

China, Russia always moving forward ‘hand in hand’, Xi tells Putin

BEIJING: Chinese President Xi Jinping said China and Russia have always moved forward “hand in hand” on the right...

Updated 31 Dec, 2024 10:35am

World

US Treasury says Chinese hackers stole documents in ‘major incident’

WASHINGTON: Chinese state-sponsored hackers breached the U.S. Treasury Department’s computer security guardrails...

Published 31 Dec, 2024 08:36am

Business & Finance

China Dec factory activity expands at slower pace as trade risks rise

BEIJING: China’s manufacturing activity grew for a third straight month in December but barely, an official factory...

Published 31 Dec, 2024 08:11am

World

China urges more aid for people in need as economic woes persist

BEIJING: The Chinese government urged local officials to provide more financial relief or step up one-time...

Published 30 Dec, 2024 05:15pm

Markets

China’s net gold imports via Hong Kong in November more than double month-on-month

China’s net gold imports via Hong Kong in November more than doubled from October, Hong Kong Census and Statistics...

Published 30 Dec, 2024 03:24pm

Markets

China issues at least 152mn T in 2025 crude oil import quotas, sources say

SINGAPORE: China has issued at least 152.49 million metric tons of crude oil import quotas to independent refiners...

Published 30 Dec, 2024 11:03am

World

Chinese youth flock to civil service, but slow economy puts ‘iron rice bowl’ jobs at risk

BEIJING: A record 3.4 million young Chinese flocked to the civil service exam this year, lured by the prospect of...

Published 30 Dec, 2024 08:16am

Technology

Huawei cuts prices of a variety of high-end devices

BEIJING: Huawei cut the prices of a variety of high-end devices, including mobile phones, by up to 3,000 yuan ($411)...

Published 30 Dec, 2024 08:05am

World

China, Iran agree ME ‘not a battleground for big powers’

BEIJING: The top diplomats of China and Iran agreed Saturday that the Middle East is “not a battleground for the big...

Published 29 Dec, 2024 02:48am

World

Driver who killed 35 in China car ramming sentenced to death

BEIJING: A man who killed 35 people in a car attack in the southern Chinese city of Zhuhai last month was sentenced...

Published 27 Dec, 2024 06:53pm

World

China’s Xi Jinping will visit Russia in 2025, Russian ambassador says

China’s President Xi Jinping will visit Russia in 2025, Russia’s state-run RIA news agency quoted Moscow’s...

Published 27 Dec, 2024 08:55am

Business & Finance

China’s Nov industrial profits narrow decline but demand remains soft

BEIJING: China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some...

Published 27 Dec, 2024 08:34am

Business & Finance

UVAS signs MoU with Longer Jinhua Industrial Pvt Ltd

LAHORE: The University of Veterinary and Animal Sciences (UVAS) Lahore signed a Memorandum of Understanding (MoU)...

Published 27 Dec, 2024 08:13am

World

China revises up 2023 GDP, sees little impact on 2024 growth

BEIJING: China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little...

Published 27 Dec, 2024 06:27am

Markets

China smelter group agrees to lower Q1 copper charges

SHANGHAI: China’s top copper smelters agreed to price guidance for processing charges in the first quarter of 2025...

Published 27 Dec, 2024 06:27am

Business & Finance

World Bank raises China’s GDP forecast for 2024, 2025

The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued...

Published 26 Dec, 2024 12:45pm

Business & Finance

China to build world’s largest hydropower dam in Tibet

BEIJING: China has approved the construction of what will be the world’s largest hydropower dam, kicking off an...

Published 26 Dec, 2024 10:56am

Markets

China’s first batch of 2025 fuel export quota flat vs a year ago

SINGAPORE: China has issued 19 million metric tons of export quotas for gasoline, diesel and aviation fuel under the...

Published 26 Dec, 2024 10:40am

Opinion

China and Pakistan: A common journey of building up climate resilience and justice

In recent years, the impact of climate change and environmental issues on Pakistan have been increasingly...

Published 26 Dec, 2024 07:01am

Business & Finance

China to focus on stabilising housing market in 2025, housing regulator says

BEIJING: Efforts will continue in 2025 to stabilize and prevent further declines in China’s real estate market,...

Published 25 Dec, 2024 11:47am

World

China, Japan foreign ministers meet in Beijing, seafood trade on agenda

BEIJING/TOKYO: Talks on seafood trade are expected to be on the agenda on Wednesday as Japan’s foreign minister...

Published 25 Dec, 2024 11:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 3	278.63
USD PKR Interbank Buying / Jan 3	27,843
USD to Japanese Yen / Jan 3	157.26
USD to Swiss Franc / Jan 3	0.91
Pound Sterling to USD / Jan 3	1.24
Euro to USD / Jan 3	1.03

Stock	Volume
S&P 500 / Jan 3	5,942.47
India Sensex / Jan 3	79,223.11
Tokyo Nikkei / Jan 3	39,894.54
Nasdaq / Jan 3	19,621.68
Hang Seng / Jan 3	19,760.27
FTSE 100 / Jan 3	8,223.98
Dow Jones / Jan 3	42,732.13
Germany DAX 30 / Jan 3	19,906.08

Item	Value
Crude Oil USD/Barrel / Jan 3	73.96
Gold 10 Grams PKR / Jan 3	243,488.40
Gold Spot USD/Ounce / Jan 3	2,640.22
Cotton US¢/pound / Jan 3	67.66
Karachi Cotton PKR/37.32 KG / Jan 4	18,285
Petrol/Litre / Jan 5	252.66

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jan 3 Tri-Star Power Limited(TSPL)	6.87 ▲ 1.00 (17.04%)
Dewan Textile / Jan 3 Dewan Textile Mills Limited(DWTM)	7.50 ▲ 0.70 (10.29%)
Pak Gulf Leasing / Jan 3 Pak-Gulf Leasing Company Limited(PGLC)	28 ▲ 2.55 (10.02%)
Asim Textile / Jan 3 Asim Textile Mills Limited(ASTM)	14.72 ▲ 1.34 (10.01%)
Bannu Woollen / Jan 3 Bannu Woollen Mills Limited(BNWM)	39.34 ▲ 3.58 (10.01%)
Ali Asghar / Jan 3 Ali Asghar Textile Mills Limited(AATM)	87.12 ▲ 7.92 (10.00%)
AL-Ghazi Tractors / Jan 3 Al-Ghazi Tractors Limited(AGTL)	692.63 ▲ 62.97 (10.00%)
Arpak Int. / Jan 3 Arpak International Investments Ltd.(ARPAK)	76.89 ▲ 6.99 (10.00%)
Chakwal Spinning / Jan 3 Chakwal Spinning Mills Limited(CWSM)	79.30 ▲ 7.21 (10.00%)

Stock	Price
Khairpur Sug. / Jan 3 Khairpur Sugar Mills Limited(KPUS)	165.85 ▼ -18.43 (-10.00%)
Pak Paper Prod / Jan 3 Pakistan Paper Products Limited(PPP)	163.24 ▼ -18.14 (-10.00%)
Jubilee Spinning / Jan 3 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.81 ▼ -1.19 (-9.92%)
National Silk / Jan 3 The National Silk & Rayon Mills Limited(NSRM)	49.96 ▼ -5.48 (-9.88%)
Al-Khair Gadoon / Jan 3 Al-Khair Gadoon Limited(AKGL)	37.50 ▼ -3.95 (-9.53%)
Escorts Bank / Jan 3 Escorts Investment Bank Limited(ESBL)	6.22 ▼ -0.63 (-9.20%)
Intermarket Securities / Jan 3 Intermarket Securities Limited(IMS)	67.01 ▼ -6.76 (-9.16%)
Premium Textile / Jan 3 Premium Textile Mills Limited(PRET)	365.10 ▼ -34.90 (-8.72%)
Shahzad Tex. / Jan 3 Shahzad Textile Mills Limited(SZTM)	27.30 ▼ -2.57 (-8.60%)

Stock	Volume
Fauji Foods Ltd / Jan 3 Fauji Foods Limited(FFL)	89,478,727 ▲ 0.26
WorldCall Telecom / Jan 3 Worldcall Telecom Limited(WTL)	72,529,816 ▼ -0.06
Telecard Limited / Jan 3 Telecard Limited(TELE)	61,073,411 ▼ -0.38
Cnergyico PK / Jan 3 Cnergyico PK Limited(CNERGY)	56,752,893 ▲ 0.01
Fauji Cement / Jan 3 Fauji Cement Company Limited(FCCL)	54,319,935 ▼ -2.12
Pace (Pak) Ltd. / Jan 3 Pace (Pakistan) Limited(PACE)	47,336,133 ▲ 0.00
K-Electric Ltd. / Jan 3 K-Electric Limited(KEL)	47,012,733 ▼ -0.21
B.O.Punjab / Jan 3 The Bank of Punjab(BOP)	37,387,280 ▲ 0.11
Bank Makramah / Jan 3 Bank Makramah Limited(BML)	34,237,257 ▲ 0.25

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