Trends - EU regulators - Business Recorder

EU regulators

Adobe will need EU okay to acquire Figma, regulators say

Adobe Inc will need to secure European Union antitrust approval for its $20 billion bid for cloud-based designer...

Published 15 Feb, 2023 08:56pm

Markets

Qatar Petroleum no longer in EU antitrust crosshairs

BRUSSELS: Qatar Petroleum is unlikely to face further EU antitrust action three years after EU regulators opened an...

Published 12 Feb, 2022 05:09am

Technology

Growing market power of Siri, Alexa, Google a concern, EU regulators say

"We saw indications that some practices that we know too well may lead to tipping and to the emergence of gatekeepers," European Competition Commissioner Margrethe Vestager told reporters.

Published 09 Jun, 2021 06:49pm

EU hits Apple with music streaming charge

BRUSSELS: EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding ...

Published 01 May, 2021 03:28am

World

EU hits Apple with music streaming charge in boost for Spotify

EU says Apple distorts competition in music streaming.
Preliminary finding is a victory for Spotify.
Apple says EU view is 'opposite of fair competition'.

Published 30 Apr, 2021 06:13pm

Business & Finance

BlackRock's Fink wants more sustainability data from private cos

"If large private companies are not held to the same level of scrutiny as public companies, we will create an unintended incentive to shift carbon-intensive assets to markets with less transparency and, often, less regulation," Fink wrote.
Fink's language was more specific than in a January memo in which he said climate disclosures "should be embraced" by large private companies.

Published 07 Apr, 2021 06:49pm

World

Austria in talks to buy one million Sputnik V doses

"If Austria receives an additional one million vaccine doses, we will be able to return to normality faster and could save many lives as well as jobs," Kurz said.

Published 30 Mar, 2021 07:00pm

Business & Finance

Paris, EU near deal on Air France bailout conditions: report

The expected deal would see Air France give up fewer airport flight slots at its Paris base than initially sought by the European Commission, notably at Orly airport, the newspaper said in a report published late on Friday.
The Air France-KLM group recorded a 7.1 billion euro ($8.38 billion) net loss for last year.

Published 27 Mar, 2021 05:47pm

World

EU regulators team up with US and UK on pharmaceutical mergers

The COVID-19 pandemic and vaccine supply bottlenecks have spurred regulatory interest in the pharmaceutical industry which has seen a wave of consolidation in recent years.
The EU competition enforcer said greater scrutiny of pharmaceutical deals was needed to single out those that might lead to higher drug prices, lower innovation or anti-competitive conduct.

Published 16 Mar, 2021 09:18pm

World

EU must further relax state aid rules, say Austria, Denmark, Czech Republic

European businesses will face severe economic consequences well into 2021.
To end this uncertainty, we suggest that the ceilings for direct grants and uncovered fixed costs be raised significantly.

Published 28 Jan, 2021 08:54pm

Business & Finance

ECB tells banks to properly staff Brexit hubs in EU

Bankers have said that the travel restrictions due to the pandemic have made it harder to shift staff to new locations, but EU regulators are running out of patience.
"One key issue for our attention is that we have sufficient strategic and risk-management capacity onshore here. We are not there yet, for some banks we are but not for all the banks," Enria said.

Published 28 Jan, 2021 06:53pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 13	280.10
USD PKR Interbank Buying / Mar 13	279.90
USD to Japanese Yen / Mar 13	147.65
USD to Swiss Franc / Mar 13	0.88
Pound Sterling to USD / Mar 13	1.30
Euro to USD / Mar 13	1.09
UK LIBOR % / Mar 12	4.96

Stock	Volume
S&P 500 / Mar 12	5,599.30
Nasdaq / Mar 12	17,648.45
Dow Jones / Mar 12	41,350.93
India Sensex / Mar 13	74,005.79
Tokyo Nikkei / Mar 13	36,818.22
Hang Seng / Mar 13	23,370.71
FTSE 100 / Mar 13	8,565.03
Germany DAX 30 / Mar 13	22,548.38
France CAC40 / Mar 13	7,975.85

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 12	17,585
Petrol/Litre / Mar 13	255.63
Crude Oil USD/Barrel / Mar 13	67.48
Gold 10 Grams PKR / Mar 13	265,174
Gold Spot USD/Ounce / Mar 13	2,937.79
Diesel/Litre / Mar 13	258.64
Cotton US¢/pound / Mar 13	66.78

Gainers
Losers
Leaders

Stock	Price
F.Credit & Inv / Mar 13 First Credit and Investment Bank Limited(FCIBL)	8.23 ▲ 0.88 (11.97%)
Universal Ins. / Mar 13 The Universal Insurance Company Limited(UVIC)	8.80 ▲ 0.89 (11.25%)
Power Cem(Pref) / Mar 13 Power Cement (Pref)(POWERPS)	14.81 ▲ 1.35 (10.03%)
Idrees Tex. / Mar 13 Idrees Textile Mills Limited(IDRT)	23.73 ▲ 2.16 (10.01%)
At-Tahur Ltd. / Mar 13 At-Tahur Limited(PREMA)	42.80 ▲ 3.89 (10%)
Oilboy Energy / Mar 13 Oilboy Energy Limited(OBOY)	11 ▲ 1 (10%)
PIA Holding Co.B / Mar 13 PIA Holding Company Limited B(PIAHCLB)	950 ▲ 85.75 (9.92%)
Khairpur Sug. / Mar 13 Khairpur Sugar Mills Limited(KPUS)	124 ▲ 10.43 (9.18%)
Baba Farid Sugar / Mar 13 Baba Farid Sugar Mills Limited(BAFS)	58 ▲ 4.87 (9.17%)
Jauharabad Sug / Mar 13 Jauharabad Sugar Mills Limited(JSML)	40 ▲ 3.35 (9.14%)

Stock	Price
Tariq Corporation / Mar 13 Tariq Corporation Limited(TCORP)	14.18 ▼ -1.58 (-10.03%)
Khalid Siraj / Mar 13 Khalid Siraj Textile Mills Limited(KSTM)	8.34 ▼ -0.81 (-8.85%)
Gulistan Sp. / Mar 13 Gulistan Spinning Mills Limited(GUSM)	8.25 ▼ -0.74 (-8.23%)
First Imrooz Mod. / Mar 13 First Imrooz Modaraba(FIMM)	175 ▼ -14 (-7.41%)
Jubilee Gen. Ins. / Mar 13 Jubilee General Insurance Limited(JGICL)	55.55 ▼ -4.37 (-7.29%)
Suhail Jute / Mar 13 Suhail Jute Mills Limited(SUHJ)	89 ▼ -6.62 (-6.92%)
786 Invest Ltd / Mar 13 786 Investments Limited(786)	8.64 ▼ -0.64 (-6.9%)
Suraj Cotton / Mar 13 Suraj Cotton Mills Limited(SURC)	113.01 ▼ -7.97 (-6.59%)
Elahi Cot. / Mar 13 Elahi Cotton Mills Limited(ELCM)	113.56 ▼ -7.6 (-6.27%)
Masood Textile / Mar 13 Masood Textile Mills Limited(MSOT)	52.20 ▼ -3.35 (-6.03%)

Stock	Volume
B.O.Punjab / Mar 13 The Bank of Punjab(BOP)	48,481,376 ▲ 0.45
Barkat Frisian Agro / Mar 13 Barkat Frisian Agro Limited(BFAGRO)	24,629,834 ▲ 1.6
Fauji Cement / Mar 13 Fauji Cement Company Limited(FCCL)	19,347,646 ▲ 1.13
Sui South Gas / Mar 13 Sui Southern Gas Company Limited(SSGC)	18,257,617 ▲ 0.6
Maple Leaf Cement / Mar 13 Maple Leaf Cement Factory Limited(MLCF)	16,007,990 ▲ 1.48
At-Tahur Ltd. / Mar 13 At-Tahur Limited(PREMA)	14,884,025 ▲ 3.89
Cnergyico PK / Mar 13 Cnergyico PK Limited(CNERGY)	13,765,716 ▲ 0.12
Symmetry Group / Mar 13 Symmetry Group Limited(SYM)	12,445,702 ▼ -0.23
D.G.K.Cement / Mar 13 D.G. Khan Cement Company Limited(DGKC)	12,173,048 ▲ 6.86
Silk Bank Ltd / Mar 13 Silkbank Limited(SILK)	11,057,559 ▲ 0.01