Trends - recession - Business Recorder

recession

Industrial slump leaves Germany on brink of recession

FRANKFURT: German output likely contracted again in the third quarter as an industrial slump drags on, official data...

Published 30 Oct, 2024 12:06pm

Business & Finance

German govt expects another recession in 2024

FRANKFURT, (Germany): The German government has slashed its forecast and now expects Europe’s largest economy to...

Published 07 Oct, 2024 06:48am

Opinion

Middle class is in deep recession

What good is a 3.2 percent GDP growth rate next year and inflation dropping below 10 percent in FY25 to someone...

Updated 15 Aug, 2024 06:52am

Business & Finance

Stocks sink with bond yield and dollar on recession fears

NEW YORK/LONDON: Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that...

Published 06 Aug, 2024 06:40am

World

Germany likely to fall into recession: central bank

FRANKFURT: German output is likely to shrink slightly in the first quarter, sending Europe’s top economy into...

Published 20 Feb, 2024 03:09am

Opinion

Unraveling the lipstick effect truth

Let’s get ourselves familiarized with the lipstick effect. It happens during the times of economic downturns and...

Updated 12 Feb, 2024 05:46pm

Business & Finance

Euro zone recession fears harden as surveys show grim start to Q4

LONDON: The downturn in euro zone business activity accelerated last month as demand in the dominant services...

Published 07 Nov, 2023 06:33am

Business & Finance

US economy defies recession fears with strong Q2 performance

WASHINGTON: The US economy grew faster than expected in the second quarter as a resilient labor market supported...

Published 31 Jul, 2023 06:43am

Business & Finance

S Africa skirts recession with surprise Q1 growth

JOHANNESBURG: South Africa’s economy grew slightly in the first three months of the year, confounding fears of a...

Published 12 Jun, 2023 06:26am

Business & Finance

Data lifts dollar, euro soft as Germany enters recession

NEW YORK: The dollar rose for a fourth straight session on Thursday against a basket of major peers to hit a fresh...

Published 26 May, 2023 06:48am

World

Recession, millions of jobs lost if US defaults: Treasury

WASHINGTON: President Joe Biden’s administration again warned Sunday of “catastrophic” consequences for the US...

Published 14 May, 2023 09:50pm

Business & Finance

Recession-wary investors pour $9.1bn into hedge funds in first quarter

BOSTON: Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on ...

Published 22 Apr, 2023 03:38am

Business & Finance

German economy expected to avoid recession: report

BERLIN: Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year,...

Published 17 Apr, 2023 06:41am

World

Europe to see 'sharp slowdown' but not recession: IMF official

WASHINGTON: Europe will see a "sharp slowdown" in economic growth this year, but most countries will avoid a...

Published 15 Apr, 2023 12:16am

World

IMF raises eurozone growth forecast, sees German recession

WASHINGTON: The IMF on Tuesday slightly raised its forecast for economic growth in the eurozone this year but it...

Published 11 Apr, 2023 06:32pm

Markets

European shares rise as banking gains offset US recession jitters

PARIS: European shares rose on Thursday, heading into a long Easter weekend break, as real estate and travel stocks...

Published 07 Apr, 2023 06:06am

Business & Finance

Banking stress brings US closer to recession: Fed’s Kashkari

WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ...

Published 27 Mar, 2023 06:15am

Opinion

Markets bracing for ‘no landing’ world economy scenario curb risk appetite

Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays ...

Updated 23 Feb, 2023 06:21am

Business & Finance

US firms face more pain as likely ‘earnings recession’ looms

NEW YORK: US companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor...

Published 20 Feb, 2023 06:26am

BR Research

Oil holds firm ground

Everything the collective West has thrown at Russia, it has been responded with substance. Brent oil had its highest...

Published 14 Feb, 2023 09:32am

World

EU lifts growth forecast as eurozone skirts recession

BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with...

Published 14 Feb, 2023 07:03am

World

Hopes grow that eurozone will dodge recession

BRUSSELS: Europe’s economy grew in January for the first time since June, a closely watched survey showed Tuesday,...

Published 24 Jan, 2023 05:54pm

World

Germany 'not going into a recession' in 2023: Scholz

BERLIN: Germany will avoid a painful recession this year, Chancellor Olaf Scholz said Tuesday, predicting that...

Published 17 Jan, 2023 10:20pm

Markets

'Temporary measure': Another Pakistani textile firm cuts production by up to 50%

Crescent Fibres Limited says it will restart production as soon as demand improves

Published 03 Jan, 2023 12:56pm

Business & Finance

Private debt markets face reality check as companies grapple with recession

LONDON: Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming...

Published 26 Dec, 2022 05:48am

Business & Finance

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON: Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest...

Published 03 Dec, 2022 11:21pm

Opinion

UK slips towards recession, heaping pressure on next PM to help

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,...

Published 21 Aug, 2022 05:16am

Markets

Wall St slips as hot inflation data rattles investors

NEW YORK: US stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal...

Published 14 Jul, 2022 05:00am

Markets

Dubai leads most Gulf bourses lower on recession fears

DUBAI: Most stock markets in the Gulf ended lower on Wednesday, with the Dubai index falling most, hit by concern...

Published 07 Jul, 2022 05:35am

Business & Finance

Sterling slumps to 2020 low vs dollar

LONDON: Sterling slumped against the dollar, hitting a new two-year low on Tuesday as markets focused on safe-haven...

Published 06 Jul, 2022 05:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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