Trends - ING - Business Recorder

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German economy weathering hard winter but risks loom

BERLIN: The surge in energy prices that followed Russia’s invasion of Ukraine has pushed Germany to the brink of a...

Published 13 Jan, 2023 01:49pm

Markets

US Fed poised for smaller rate hike with eye on wage growth

Decision will be announced after a two-day meeting of the policy-setting Federal Open Market Committee (FOMC) starting Tuesday

Updated 11 Dec, 2022 06:27pm

Markets

Euro zone yields rise as rush to safe-haven assets pauses

Euro zone government bond yields rose on Monday as investors paused their bond buying after rushing into safe-haven...

Published 04 Jul, 2022 02:34pm

Markets

Sterling edges higher versus euro ahead of ECB policy meeting

Sterling edged lower against the euro on Thursday as investors awaited the European Central Bank policy meeting...

Published 10 Mar, 2022 02:57pm

Business & Finance

Hong Kong Q3 GDP grows 5.4% y/y

HONG KONG: Hong Kong's economy grew 5.4% in the third quarter from the same period a year earlier, government...

Published 01 Nov, 2021 01:45pm

Markets

Markets await ECB stimulus clues amid rising inflation

FRANKFURT: Rising inflation across the eurozone will take centre stage as European Central Bank governors meet on...

Published 28 Oct, 2021 09:40am

Business & Finance

Sterling falls from one-month highs as risk currencies'rally cools

LONDON: Sterling dipped below one-month highs on Thursday, tracking a similar move in risk-oriented currencies as...

Published 22 Oct, 2021 04:13am

Business & Finance

Evergrande fuels concerns over China's housing bubble

BEIJING: A state crackdown on China's colossal property market has helped send one of its biggest developers to the...

Published 28 Sep, 2021 09:35am

Business & Finance

Delta blow knocks wind out of Asia's economic recovery

The rapid spread of the highly infectious Delta variant of the novel coronavirus and low vaccination rates have caught much of the region off-guard

Published 24 Aug, 2021 10:44am

Markets

Philippine stocks, peso rise as c.bank vows easy policy

The Thai baht, Indonesian rupiah and South Korean won lost between 0.1% and 0.3%

Published 09 Aug, 2021 10:31am

Markets

Euro zone bonds steady ahead of German inflation data

Polls suggest German inflation of 2.3% for June.
Bund yields hold near recent one-month highs.
EU expected to issue 5-yr and 30-yr bonds.

Published 29 Jun, 2021 06:02pm

Markets

Euro zone bond yields edge lower ahead of ECB meeting, US data

Italy's 10-year government bond yields were flat at 0.918%.

Published 08 Jun, 2021 03:43pm

Business & Finance

Sterling holds recent gains against dollar

LONDON: Sterling held on to recent gains against the dollar on Monday as Britain took a big step towards reopening...

Updated 18 May, 2021 09:33am

Markets

Oil rises to $66 ahead of OPEC+ meeting, India weighs

OPEC+ brings forward monitoring meeting to Tuesday.
India's total COVID-19 deaths near 200,000.
Iran nuclear talks due to resume on Tuesday.
Coming up: API oil inventory report, 2030 GMT.

Published 27 Apr, 2021 06:52pm

Markets

Bullish investors push copper towards 10-year highs

LONDON: Copper prices rose on Monday as global stock markets hit record highs and the dollar fell, with many ...

Published 20 Apr, 2021 03:59am

Business & Finance

Euro slips in Europe

ROTTERDAM/LONDON: The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France...

Published 30 Mar, 2021 05:45am

Business & Finance

Global container crunch deepens with boxships stranded in Suez Canal

Ever Given boxship ran aground in Suez Canal.
Shipping backed up either end of canal.
Shipping lines were already facing problems.

Published 25 Mar, 2021 07:57pm

Markets

Dutch lender ING's net profit down 48 percent in 2020

The effects of the Covid-19 pandemic and lockdowns were visible in a softening of lending demand.

Published 12 Feb, 2021 12:39pm

Markets

Taiwan punishes Deutsche Bank, others in currency speculation case

Eugene Tsai, head of the central bank's foreign exchange department, told Reuters that transactions made by the banks in accordance with the rules before Friday had been completed on schedule.

Published 08 Feb, 2021 11:14am

Business & Finance

Taiwan punishes foreign banks in speculation case

The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products.
The suspension will be a year or more for the most serious cases, the sources said, without saying the length of time being applied to each bank.

Published 05 Feb, 2021 07:42pm

Markets

Euro zone government bond yields edge up; US fiscal stimulus talks in focus

The main driver today is represented by optimism in talks on the US fiscal stimulus plan.
We saw additional impact from better-than-expected euro zone GDP initial estimates,

Updated 02 Feb, 2021 08:11pm

Business & Finance

UBS reaps rich rewards from pandemic with strongest performance since 2006

UBS Q4 profit beats expectations.
UBS announces new 4 bln Sfr share buyback programme.

Published 26 Jan, 2021 08:15pm

Markets

European lenders exit Amazon oil trade after scrutiny by campaigners

Banks phase out financing for Ecuador oil exports.
Indigenous leaders in Amazon rainforest welcome the move.
Advocay groups call for moratorium on new drilling.

Published 25 Jan, 2021 08:05pm

Markets

Dollar drops as traders prepare for Yellen to talk up stimulus

"I suspect what we've been seeing in the dollar at the moment is a minor corrective rally in an overall downtrend."

Published 19 Jan, 2021 02:25pm

Business & Finance

UBS CEO under scrutiny from Dutch prosecutors for anti-money laundering compliance

"UBS takes note of the decision of the Dutch court to order the public prosecutor to open an investigation of Ralph Hamers, in his capacity as the former CEO of ING.

Published 09 Dec, 2020 01:26pm

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 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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