Trends - Michel Barnier - Business Recorder

Michel Barnier

France’s debt grows further in challenge to new PM

PARIS: France’s public debt pile grew further in the third quarter, official data showed Friday, posing another...

Published 20 Dec, 2024 01:48pm

World

Macron has a new prime minister but the same old problems

PARIS: When veteran centrist Francois Bayrou, France’s new prime minister, was education minister in the 1990s, his...

Published 15 Dec, 2024 02:23pm

World

Macron eyes broad alliance to form new French govt

PARIS: French President Emmanuel Macron has called for a “meeting of different political forces” to hammer out a...

Published 10 Dec, 2024 08:32am

World

Defiant Macron seeks new French PM, exit from crisis

PARIS: President Emmanuel Macron on Friday was to hold talks with political factions as he seeks to name a new prime...

Updated 06 Dec, 2024 09:42pm

World

France’s Macron hunts for new prime minister as Barnier resigns

PARIS: French President Emmanuel Macron met allies and parliament leaders on Thursday as he sought to swiftly...

Updated 05 Dec, 2024 08:45pm

World

French government felled in no-confidence vote, deepening political crisis

PARIS: French lawmakers passed a no-confidence vote against the government on Wednesday, throwing the European...

Updated 05 Dec, 2024 09:00am

Business & Finance

Euro tiptoes higher

NEW YORK: The euro rose on Tuesday, regaining some poise after political turmoil in France sent traders scrambling...

Published 04 Dec, 2024 03:14am

World

French govt faces collapse after opposition says it will back no-confidence vote

PARIS: The French government is all but certain to collapse later this week after far-right and left-wing parties...

Published 02 Dec, 2024 09:44pm

World

Over 50% of French people want government to fall, survey finds

PARIS: Some 53% of French people want Prime Minister Michel Barnier’s government to fall due to anger over his...

Published 28 Nov, 2024 11:35am

World

Work one day for free, French asked in latest budget plan

PARIS: France’s national budget is so strained that lawmakers are pushing a proposal to make the French work an...

Published 22 Nov, 2024 03:03am

World

France’s debt weighs heavier ahead of budget debate

PARIS: France’s vast public debt pile grew in the second quarter, official figures showed, as Prime Minister ...

Published 30 Sep, 2024 07:06am

World

New French govt instantly under pressure on multiple fronts

PARIS: French Prime Minister Michel Barnier’s hard-won new government faced pressure from day one Sunday as ...

Published 23 Sep, 2024 06:45am

World

French PM calls for ‘national effort’ to cut deficit

PARIS: French Prime Minister Michel Barnier on Sunday called for a “national effort” to cut the country’s...

Published 23 Sep, 2024 12:00am

World

UK must honour Brexit pledges or risk 'consequences': Barnier

The EU has already launched legal proceedings against Britain over a unilateral six-month delay to imposing customs controls on goods arriving in Northern Ireland from Britain.

Published 11 May, 2021 05:56pm

World

City of London pays early price of hard Brexit

Mark Simpson, an expert on financial services at the law firm Baker & McKenzie, agreed that by the metric of job losses, London did not need to panic yet.

Updated 14 Feb, 2021 05:13pm

World

EU's Michel calls on Biden to form new transatlantic pact

"Today is more than a transition. Today is an opportunity to rejuvenate our transatlantic relationship, which has greatly suffered in the last four years. In these years, the world has grown more complex, less stable and less predictable".

Published 20 Jan, 2021 03:17pm

World

Barnier becomes EU special adviser on UK ties

BRUSSELS: Michel Barnier, the EU’s chief Brexit negotiator, is to become a special adviser to European Commission...

Published 20 Jan, 2021 04:29am

World

Barnier becomes EU special adviser on UK ties

Barnier said he was honoured to continue working with the commission "for a few weeks".

Published 19 Jan, 2021 09:25pm

World

UK rejected visa-free entry to EU for performers: Barnier

Barnier emphasised that Britain was determined to do away with freedom of movement during negotiations.

Published 14 Jan, 2021 05:23pm

World

Chief characters in Britain's Brexit saga

Prime minister for six years from 2010, David Cameron called the vote on EU membership and led the so-called "Remain" campaign.

Published 04 Jan, 2021 11:57am

World

Barnier plans French politics return after Brexit marathon

Barnier indicated he planned to back, as before his departure to Brussels, the right-wing The Republicans (LR) rather than Macron's The Republic on the Move (LREM).

Published 29 Dec, 2020 06:11pm

Business & Finance

Brexit trade deal between EU and UK possible on Wednesday

The UK wants to gradually curb EU access to its fishing waters over three years, while the bloc is proposing six years, to give its fishing industry longer to adjust.

Published 23 Dec, 2020 10:31am

Markets

Gold inches higher on hopes of further US stimulus

SPDR Gold Trust the world's largest gold-backed exchange-traded fund, said its holdings fell 0.20% to 1,167.53 tonnes on Tuesday from 1,169.86 tonnes on Monday.

Published 23 Dec, 2020 10:18am

Markets

Dollar consolidates losses after week-long drubbing

The dollar index recovered on the day and was last up 0.2pc just short of 90, but remained on track for a fall of 1pc over the week. It had reached its lowest in more than two years at 89.723 on Thursday.

Published 18 Dec, 2020 04:57pm

Markets

Sterling drops as EU's Barnier says just hours left for Brexit deal

The pound hit 2-1/2 yeah highs above $1.36 on Thursday, but Friday's trading session served as a reminder that a deal is far from guaranteed.

Published 18 Dec, 2020 04:56pm

World

Brexit trade talks enter desperate 'final hours'

The European Parliament has demanded that it see the text of any accord by Sunday at the latest, and the UK government says it will not allow talks to go beyond December 31.

Published 18 Dec, 2020 04:53pm

Markets

Dollar consolidates losses after week-long drubbing

The dollar rebounded as much as half a percent against the yen to 103.595 yen but remains 0.5pc down versus the Japanese currency for the week.

Updated 18 Dec, 2020 05:03pm

World

EU's Barnier says ‘extremely difficult’ to agree fishing rights in UK trade talks

While Barnier said the sides were striving at an agreement, he said the 27-nation bloc would not sign a deal that would undercut its cherished single market of 450 million consumers.

Published 18 Dec, 2020 02:35pm

Markets

Bank of England ready to tolerate a Brexit inflation spike

The BoE said it was ready to accept inflation rising temporarily above its 2pc target if a no-deal Brexit caused sterling to fall sharply.

Published 17 Dec, 2020 08:56pm

Markets

Dollar gets global beating as stimulus, Brexit boost risk appetite

The dollar index fell as low as 89.767 against a basket currencies, breaking below 90 for the first time since April 2018.

Published 17 Dec, 2020 08:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Jan 22 The Pakistan General Insurance Co. Ltd.(PKGI)	9.46 ▲ 0.96 (11.29%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Calcorp Ltd / Jan 22 Calcorp Limited(CASH)	36.30 ▲ 3.30 (10.00%)
Olympia Mills / Jan 22 Olympia Mills Limited(OML)	39 ▲ 3.35 (9.40%)
Ask.Gen.Insur. / Jan 22 Askari General Insurance Company Limited(AGIC)	32.80 ▲ 2.52 (8.32%)
Rafhan Maize / Jan 22 Rafhan Maize Products Company Limited(RMPL)	9,950 ▲ 755.06 (8.21%)
Hoechst Pak. / Jan 22 Hoechst Pakistan Limited(HPL)	3,300 ▲ 191.48 (6.16%)
Dewan Farooque Sp. / Jan 22 Dewan Farooque Spinning Mills Limited(DFSM)	4.45 ▲ 0.23 (5.45%)
Chenab Ltd (Pref) / Jan 22 Chenab Limited (Pref)(CLCPS)	3.69 ▲ 0.19 (5.43%)

Stock	Price
Ellcot Spinning / Jan 22 Ellcot Spinning Mills Limited(ELSM)	108 ▼ -12.00 (-10.00%)
Khyber Textile / Jan 22 Khyber Textile Mills Limited(KHYT)	475 ▼ -51.08 (-9.71%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340 ▼ -29.90 (-8.08%)
Khalid Siraj / Jan 22 Khalid Siraj Textile Mills Limited(KSTM)	7.50 ▼ -0.50 (-6.25%)
Dandot Cement / Jan 22 Dandot Cement Company Limited(DNCC)	14.25 ▼ -0.73 (-4.87%)
Equity Modaraba / Jan 22 First Equity Modaraba(FEM)	3.40 ▼ -0.14 (-3.95%)
Pakistan Cables / Jan 22 Pakistan Cables Limited(PCAL)	181.01 ▼ -6.63 (-3.53%)
Cordoba Logistics / Jan 22 Cordoba Logistics & Ventures Limited(CLVL)	16.28 ▼ -0.52 (-3.10%)
Adamjee Life Assur. / Jan 22 Adamjee Life Assurance Company Limited(ALIFE)	29.10 ▼ -0.89 (-2.97%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.01
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	64,227,770 ▲ 0.01
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	53,698,225 ▲ 0.51
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 0.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▲ 0.32
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 0.09
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.15
B.O.Punjab / Jan 22 The Bank of Punjab(BOP)	14,838,637 ▼ -0.01

Markets →

Budget 2024-25: income tax calculator for FY25

Michel Barnier

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