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Commerzbank

Commerzbank says chairman steps down for health reasons

Chairman had joined Commerzbank last year.
Resignation kicks off search for new chair.
Commerzbank going through major restructuring.

Updated 16 Mar, 2021 10:00pm

Markets

Former Commerzbank CEO launches fintech SPAC in Amsterdam

The SPAC of Blessing, a former co-president of UBS' Global Wealth Management unit, comes on the heels of former UniCredit boss Jean-Pierre Mustier's announcement to list a shell company in Europe.

Published 15 Mar, 2021 02:57pm

Business & Finance

German yields rise with US treasuries as ECB impact fades

AMSTERDAM: Benchmark German government bonds gave up gains made a day earlier when the European Central Bank said it...

Published 15 Mar, 2021 05:22am

Markets

Latam FX surge as ebbing inflation fears boost risk appetite

Risk appetite got a boost after tepid underlying consumer prices data from the United States on Wednesday eased concerns about a likely surge in inflation from large stimulus packages, which had hammered markets in recent days.
Brazil's central bank said it would sell up to $1 billion in currency swaps on Thursday, extending its recent intervention in the foreign exchange market to support the depreciating currency.

Updated 11 Mar, 2021 10:04pm

Markets

Euro zone bond yields stabilise; markets focus on ECB policy hints

The spread between Italian and German 10-year yields narrowed, to 101.3 bps.

Updated 03 Mar, 2021 03:00pm

Markets

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.

Published 23 Feb, 2021 09:11pm

Markets

Copper leaps to 9-year high

LONDON: Copper rose to its highest since April 2012 on Thursday as Chinese investors returning from a week-long...

Published 19 Feb, 2021 04:07am

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

BERLIN: Germany’s second-largest lender Commerzbank said Thursday it hopes to return to an operating profit in ...

Published 15 Feb, 2021 04:53am

Markets

Gold slips, platinum rally pauses in Europe

LONDON/ROTTERDAM: Gold slipped as the dollar rebounded on Friday while platinum took a breather after expectations ...

Published 13 Feb, 2021 04:11am

Business & Finance

Bitcoin clings to Tesla gains in Europe

LONDON: Bitcoin hovered close to record highs on Friday, set for gains of over 20% in a milestone week marked by the...

Published 13 Feb, 2021 04:11am

Markets

European shares surge

• AstraZeneca rises as it sees growth picking up • Commerzbank tumbles as quarterly loss deepens • Credit...

Published 12 Feb, 2021 04:54am

Markets

Platinum hovers near 6-year peak in Europe

• Gold listless, silver up 0.6pc LONDON/ROTTERDAM: Platinum extended its gains into a fifth straight session on...

Updated 12 Feb, 2021 11:47pm

Business & Finance

Commerzbank reports $3.3bn loss as it counts cost of restructuring, pandemic

The bank had already flagged a large annual loss.
Commerzbank sees lower revenue in 2021.
Can't yet say if it will be back in the black in 2021.
Lender eyes swiftly closing branches, cutting jobs.
Shares down 6.9%.

Updated 11 Feb, 2021 09:26pm

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

It added that it planned to raise its operating profits to around 2.7 billion euros by 2024, and resume dividend payments from 2023.

Published 11 Feb, 2021 05:54pm

Markets

Commerzbank reports $3.3 billion Q4 loss amid restructuring

The figures come a week after Commerzbank Chief Executive Manfred Knof finalized plans for the radical overhaul and a month after he took the reins of Germany's No. 2 bank.

Published 11 Feb, 2021 12:09pm

Markets

Copper rises to one-month high

LONDON: Copper hit a one-month high on Tuesday due to a weaker dollar, optimism over a $1.9 trillion stimulus ...

Published 10 Feb, 2021 04:12am

Business & Finance

Dollar struggles; bitcoin soars in Europe

LONDON: The US dollar was firmly pinned at a one-week low on Tuesday as an overnight slide in US Treasury yields...

Published 10 Feb, 2021 04:12am

Markets

Tin prices slip from multi-year high

LONDON: Tin prices fell on Thursday but remained near their highest since 2014 because of an acute shortage of...

Updated 05 Feb, 2021 11:47pm

Markets

White sugar futures slip back, cocoa down

LONDON: White sugar futures on ICE were lower on Wednesday, easing back after reaching a near four-year peak in the...

Published 04 Feb, 2021 04:13am

Business & Finance

Euro wallows against dollar in Europe

LONDON: The euro wallowed at seven-week lows against the dollar on Tuesday as concern about extended lockdowns in ...

Published 03 Feb, 2021 04:35am

World

Germany's Scholz: Something drastic needs to be done at Commerzbank

The government holds a stake of more than 15 percent in Commerzbank following a bailout during the financial crisis.
Stefan Wittmann, who sits on Commerzbank's supervisory board as a labour representative.

Published 02 Feb, 2021 07:20pm

Markets

Oil rises but remains rangebound as OPEC cuts offset virus fears

SINGAPORE: Oil prices edged up in Asian trade on Friday but traded in a tight range as demand concerns caused by new...

Published 30 Jan, 2021 03:55am

Markets

Silver extends golden run in Europe

MILAN/ROTTERDAM: Silver rose more than 4% on Friday following a near 5% gain on Thursday that came after messages on...

Published 30 Jan, 2021 03:55am

Business & Finance

Commerzbank to cut 10,000 jobs, close 340 branches

The cuts will affect one in three jobs in Germany, the Frankfurt-based lender said in a statement.

Published 28 Jan, 2021 09:29pm

Markets

Dollar lifts copper as rally loses momentum

LONDON: Copper rose on Tuesday as the dollar weakened, making metals cheaper for buyers outside the United States,...

Published 27 Jan, 2021 04:59am

Markets

Gold prices down in Europe

LONDON: Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a...

Published 23 Jan, 2021 03:56am

Markets

Oil prices up

NEW YORK: Oil rose on Wednesday on expectations that US President Joe Biden’s administration will deliver massive...

Published 21 Jan, 2021 04:23am

Markets

Brazil's real rises ahead of c.bank meeting, rest of Latam trails

Copom to keep Selic rate at record low of 2.0%.
Brazil's real leads gains among Latam peers.
Chilean peso rises amid higher copper prices.

Published 20 Jan, 2021 08:11pm

Markets

World oil prices fall slightly

LONDON: Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world...

Published 19 Jan, 2021 04:22am

Markets

Oil slips on coronavirus fears, strong dollar

Brent crude was down 23 cents, or 0.4pc, at $54.87 per barrel at 1720 GMT, and West Texas Intermediate U.S. crude fell 19 cents, or 0.4pc, to $52.17.

Published 19 Jan, 2021 12:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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