Trends - Brexit - Business Recorder

Brexit

Sterling shines as no-deal Brexit averted after tumultuous 2020

FTSE 100 index slid 1.0 percent in holiday-shortened late morning deals as the strong pound weighed on multinationals earning in dollars.

Published 31 Dec, 2020 06:17pm

World

British PM Johnson's father applying for French citizenship

The father of British Prime Minister Boris Johnson said on Thursday he was in the process of applying for a French passport to maintain his ties with the European Union after Brexit.
Stanley Johnson, a former member of the European Parliament who voted Remain in Britain’s 2016 referendum, told RTL radio he wanted to become a French citizen because of strong family links to France.

Published 31 Dec, 2020 03:54pm

World

Brexit to take full effect as UK leaves EU single market

British fishermen are disgruntled at a compromise to allow continued access for EU boats in British waters.

Published 31 Dec, 2020 03:31pm

World

Chief characters in Britain's Brexit saga

It was a surge in support for UKIP in the first half of the last decade that helped push then-prime minister David Cameron into calling the 2016 vote.

Published 31 Dec, 2020 09:20am

World

Does Brexit free Europe to seek closer union?

The EU is thus losing a powerful member, but will France find it easier to build the case for a more independent EU global strategy?

Published 31 Dec, 2020 09:07am

World

Brexit fog blurs horizon for anxious Breton fishermen

Also concerned about the annual renegotiation, she said: "We will be in doubt every year. Every single year we will have to wait for the agreements."

Published 31 Dec, 2020 08:54am

World

Post-Brexit borders to divide EU, UK citizens

Britons, for example, have long favoured Spain, France, Germany and Italy to set down new roots as workers or retirees.

Published 31 Dec, 2020 08:47am

Markets

FTSE 100 edges higher after UK approves AstraZeneca's COVID-19 vaccine

The mid-cap FTSE 250 index, considered a barometer of Brexit sentiment, rose 0.1%, ahead of a vote by British lawmakers on the UK-EU trade deal later in the day.

Published 30 Dec, 2020 02:37pm

World

EU looks to new chapter in relations with Britain as Brexit deal is signed

Britain formally left the EU nearly a year ago and the new partnership agreement will regulate ties from Jan. 1 on everything from trade to transport, energy links and fishing.

Published 30 Dec, 2020 02:32pm

Markets

European stocks extend year-end rally on Brexit deal boost

Irish stocks, also considered a barometer of Brexit sentiment, closed 1.3% higher at their strongest level in more than 13 years.

Published 30 Dec, 2020 12:47am

Markets

Dollar languishes amid pandemic aid optimism, pound meanders

While the agreement came as a relief to investors, the pact leaves Britain far more detached from the EU, analysts say.

Published 29 Dec, 2020 09:29am

World

Brexit deal puts UK fishermen in uncharted waters

On January 1, when Britain leaves the single market, the headache begins along with the heartache.

Published 29 Dec, 2020 08:40am

World

PM sold out fish in Brexit trade deal, fishermen say

British fishermen said on Saturday that Prime Minister Boris Johnson had sold out fish stocks to the European Union with a Brexit trade deal that gives EU boats significant access to the United Kingdom’s rich fishing waters.
The United Kingdom will leave the EU’s Common Fisheries Policy on Dec. 31, but under the trade deal agreed on Christmas Eve the current rules will remain largely in place during a 5-1/2-year transition period.

Published 28 Dec, 2020 07:09pm

Markets

European stock markets firmer on Trump, Brexit leads

Progress on the coronavirus vaccine rollout helped sentiment but concerns over the emergence of new strains, said to be more infectious, made for caution.

Published 28 Dec, 2020 03:01pm

Sports

Amidst Brexit, Manchester City already have futuristic plans

The hastily negotiated Brexit deal could have unprecedented consequences for football clubs, in terms of the scouting, recruiting and development of young talent.
Manchester City, under the ownership of Sheikh Mansour and the City Football Group (CFG), have unlocked the solution to these regulatory challenges.

Updated 28 Dec, 2020 01:50pm

Markets

Gold gains 1% as Trump signs stimulus bill

Britain on Monday urged businesses to prepare for Brexit, after the country clinched a trade deal with the European Union on Thursday that preserved zero-tariff and zero-quota access to the bloc's single market.

Published 28 Dec, 2020 09:50am

Markets

Global shares edge up on news Trump signs aid bill

Bitcoin extended gains over the weekend to reach a new high of $28,377.94 before stepping back to $26,457.32, bringing the total value of the cryptocurrency in circulation to over $500 billion.

Published 28 Dec, 2020 09:13am

World

Trucker, fisherman, scientist... the voices of Brexit

"We had planned to spend longer periods in Greece," Williams says, but now they will only be able to spend a quarter of their time there.

Published 27 Dec, 2020 10:36am

Business & Finance

BBC says obtained full copy of post-Brexit trade deal

The 1,246-page document includes about 800 pages of annexes and footnotes, the BBC said adding that the pages of legal text will determine every aspect of trade between the UK and the EU.

Published 26 Dec, 2020 09:56am

Business & Finance

JGB yields drift higher after weak BOJ buying operation

Yields were also supported by a sense of relief after Britain and the European Union agreed a free trade deal, averting economic turmoil at the year's end - the deadline for Brexit.

Published 26 Dec, 2020 12:38am

Business & Finance

Shanghai copper up for 2nd day on expectations of firming economic recovery

Sterling rose on Thursday as Britain and the European Union clinched a Brexit deal that avoided a chaotic British exit from one of the world's biggest trading blocs.

Published 26 Dec, 2020 12:10am

World

A Brexit trade deal at last: EU and UK clinch narrow accord

“Deal is done,” a Downing Street source said. “We have taken back control of our money, borders, laws, trade, and our fishing waters.”

Published 24 Dec, 2020 08:02pm

Markets

Oil rises on US inventory draw, Brexit deal hopes

Americans were also warned again not to travel for Christmas as the latest surge in cases overwhelmed hospitals.

Published 24 Dec, 2020 08:46am

Business & Finance

Yields jump as Brexit deal seen near, curve steepest since 2017

The yield curve between two-year and 10-year yields steepened to 85 basis points, the widest spread since October 2017.

Published 24 Dec, 2020 03:15am

Markets

Mexican peso, stocks climb after upbeat data

The currency of the world's largest copper producer Chile hit a fresh 14-month high after prices of the metal pushed back towards their multi-year highs.

Published 24 Dec, 2020 03:00am

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

European shares rebound as Brexit trade deal progress overshadows virus worries

The pan-European STOXX 600 index finished up 1.2% on broad-based gains, recovering from a more than 2% slide in the previous session, which was also its biggest one-day drop in nearly two months.

Published 23 Dec, 2020 02:51am

World

Irish PM says Brexit deal more likely than not, talks may go past Christmas

"I would like to see it happenIng before Christmas, it could go beyond Christmas Day. There are political factors at play," Martin told a news conference on Tuesday.

Published 23 Dec, 2020 01:39am

World

EU vows 'final push' in UK trade talks but fish rift threatens deal

"We are really in a crucial moment. We are giving it a final push," said the negotiator, Michel Barnier, as he arrived to update the bloc's 27 national envoys on Brexit.

Published 23 Dec, 2020 01:24am

Business & Finance

Ryanair cancels 12 UK routes over CAA 'policy shift'

Ryanair did not say in its statement what policy changes the CAA had made.

Published 22 Dec, 2020 01:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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