Trends - China US - Business Recorder

China US

US chips are ‘no longer safe’ to buy, Chinese industry bodies say

BEIJING: Chinese companies should be wary of buying US chips as they are “no longer safe” and buy locally instead,...

Published 03 Dec, 2024 05:14pm

Markets

China bans export of key minerals to US as trade frictions escalate

China has banned exports to the US of items related to the minerals gallium, germanium and antimony that have...

Published 03 Dec, 2024 05:02pm

World

Latest US strike on China’s chips hits semiconductor toolmakers

The US will launch on Monday its third crackdown in three years on China’s semiconductor industry, curbing exports...

Published 02 Dec, 2024 04:58pm

World

Xi says Chinese modernisation will benefit US firms: state media

BEIJING: China’s leader Xi Jinping said Chinese modernisation will benefit US firms, state media reported Friday, in...

Published 15 Dec, 2023 10:00am

World

China willing to cooperate with US, manage differences: Xi

BEIJING: Chinese President Xi Jinping said on Wednesday that China is willing to cooperate with the United States as...

Published 25 Oct, 2023 11:55am

Markets

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks rose in the opening minutes of trade on Tuesday, extending a recent rally, with traders...

Published 16 Nov, 2021 10:02am

Markets

China, HK stocks fall as weak lending data fans liquidity concerns

In Hong Kong, healthcare shares also fell, with the sub-index going down 3.2%

Published 12 Aug, 2021 10:52am

Markets

Stronger midpoint lifts China's yuan ahead of US inflation data

Surging demand for raw materials lifted growth in China's imports to its fastest pace in 10 years in May, although export growth slowed more than expected as COVID-19 cases disrupted major ports.

Published 08 Jun, 2021 11:03am

Business & Finance

China's imports pick up further, exports strong in March

China's overall trade surplus was $13.8 billion, the customs data showed, while its trade surplus with the United States was $21.4 billion, up about 40 percent on-year.

Updated 13 Apr, 2021 04:33pm

Markets

China, Hong Kong stocks drop over 2% as bond yields surge

"This week does not necessarily mark the end of the rally. New fund flows from retail investors could continue for a while," said Thomas Gatley, China corporate analyst at Gavekal.

Updated 26 Feb, 2021 02:19pm

Business & Finance

Pakistan can play its role in diffusing US-China tensions: PM

On the Kashmir issue, PM Khan said that the Kashmir issue could be resolved only through dialogue.
PM Khan urged the business community of Sri Lanka to participate in the China Pakistan Economic Corridor (CPEC) project, which is a part of China’s Belt and Road Initiative (BRI).

Updated 24 Feb, 2021 07:38pm

World

EU companies in China should 'prepare for the worst' in digital decoupling

European companies may be forced to choose between either entirely separate operations in China and the rest of the world, or finding ways to use more "neutral" architecture, said the report.

Published 14 Jan, 2021 12:27pm

Business & Finance

Chinese leaders split over releasing blacklist of U.S. companies - WSJ

Chinese leaders are hesitating to pull the trigger, with some arguing that a decision on the list should wait till after the U.S. election in November, the report said.

Published 22 Sep, 2020 10:19am

Business & Finance

U.S. firms in China increasingly fear soured ties will last for years: survey

Half of the firms said they believe soured ties will last at least three years, up sharply from 30% in 2019, according to an annual business sentiment survey conducted by the American Chamber Commerce in Shanghai and consultancy PWC China.

Published 09 Sep, 2020 10:08am

Markets

U.S. considering ban on cotton from Xinjiang region of China over rights concerns: New York Times

The potential ban which could be announced as soon as Tuesday comes amid reports of use of forced labour on minority Muslims in Xinjiang, the report said.

Published 08 Sep, 2020 10:31am

Technology

Apple removes thousands of games from its China’s App Store

Chinese partnership is required to run foreign app stores in China, but Apple is the only company that manages the app store on its iPhone.

Published 19 Aug, 2020 11:51am

Technology

Trump's bid for a piece of Microsoft-TikTok deal could spur legal action

Microsoft has said it is seeking to buy the assets of TikTok in North America, Australia and New Zealand. It has not disclosed how much it is willing to pay, though sources previously told Reuters that ByteDance executives value all of TikTok at more than $50 billion.

Published 05 Aug, 2020 10:32am

Business & Finance

China, U.S. to review trade deal, air other grievances on August 15: sources

The meeting plans were first reported by the Wall Street Journal. The U.S. Trade Representative’s office and the U.S. Treasury did not respond to requests for comment.

Published 05 Aug, 2020 10:29am

Markets

Why are gold prices rising in Pakistan and internationally?

Experts have identified the factors behind the rise in gold rates.

Published 27 Jul, 2020 03:18pm

World

China says closure of Houston consulate has harmed relations, warns it must retaliate

Washington on Tuesday gave China 72 hours to close the consulate amid allegations of widespread spying.
"China must make a necessary response and safeguard its legitimate rights," he said, declining to specify any measures.

Published 24 Jul, 2020 12:46am

Technology

China puts final satellite into orbit to rival US's GPS network

The idea to develop Beidou, or the Big Dipper in Chinese, took shape in the 1990s as China’s military sought to reduce its reliance on GPS, which is run by the U.S. Air Force.

Published 23 Jun, 2020 03:39pm

Business & Finance

China says forcing Chinese firms off U.S. exchanges will harm U.S.

In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalisations about China-based companies’ accounting practices.

Published 05 Jun, 2020 02:00pm

World

China says U.S. 'addicted to quitting' over plan to withdraw from WHO

*Foreign ministry spokesman said the withdrawal reveals a pursuit of power politics and unilateralism.

Published 01 Jun, 2020 01:52pm

Business & Finance

Escalating China tensions could become an obstacle for U.S. stock rally

Some investors said Trump’s move firmly brings back to the fore an issue that had receded earlier this year when Washington and Beijing struck a Phase 1 deal in their months-long battle over trade terms.

Published 01 Jun, 2020 11:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Khalid Siraj / Dec 23 Khalid Siraj Textile Mills Limited(KSTM)	10.60 ▲ 1.00 (10.42%)
Masood Textile / Dec 23 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)
TRG Pak Ltd / Dec 23 TRG Pakistan Limited(TRG)	61.15 ▲ 5.56 (10.00%)
Frontier Ceram / Dec 23 Frontier Ceramics Limited(FRCL)	38.21 ▲ 3.47 (9.99%)
Liven Pharma / Dec 23 Liven Pharma Limited(LIVEN)	93.56 ▲ 8.50 (9.99%)
Mandviwala / Dec 23 Mandviwala Mauser Plastic Industries(MWMP)	15.08 ▲ 1.37 (9.99%)
Dawood Hercules / Dec 23 Dawood Hercules Corporation Limited(DAWH)	223.89 ▲ 20.29 (9.97%)
Abdullah Shah / Dec 23 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.75 ▲ 0.54 (8.70%)

Stock	Price
First Elite Cap.Mod / Dec 23 First Elite Capital Modaraba(FECM)	6 ▼ -0.85 (-12.41%)
Leather Up Ltd. / Dec 23 Leather Up Limited(LEUL)	27.16 ▼ -3.02 (-10.01%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.25 ▼ -1.14 (-10.01%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Chashma / Dec 23 Chashma Sugar Mills Limited(CHAS)	62.55 ▼ -6.65 (-9.61%)
Mehmood Tex / Dec 23 Mehmood Textile Mills Limited(MEHT)	635 ▼ -65.00 (-9.29%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	5.96 ▼ -0.58 (-8.87%)
Hallmark Co. / Dec 23 Hallmark Company Limited(HCL)	703.02 ▼ -65.93 (-8.57%)
Kohinoor Textile / Dec 23 Kohinoor Textile Mills Limited(KTML)	110.18 ▼ -9.70 (-8.09%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.07
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.18
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.07
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.32
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,423,419 ▲ 0.08
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.04
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,717,939 ▲ 2.21
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▼ -0.04
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 0.85

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