Economy 1512
Liverpool restaurant delivering 1,000 curries every week on lockdown
The restaurant introduced its delivery service in response to the coronavirus lockdown
Brazil Toughens Rules to Avoid U.S.-Style Disruptions
Brazil, the biggest exporter of beef and chicken, is betting on a new set of safety standards to avoid the kind of mass processing disruptions that caused meat shortages and price spikes in America.
Hard times for Boeing, long a symbol of American might
Hard times for Boeing, long a symbol of American might
Teladoc Health: The Growth Is Here To Stay
Teladoc Health recently reported impressive Q1 2020 results and management provided strong full-year 2020 guidance. This new market darling has a strong bull ca
Ontario used auto dealers expect tough year ahead, prices already down
TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.
Forex Today: Dull start to the week
What you need to know on Tuesday, May 26th: It was a dull start to the week, with the US and the UK on holiday. Those equities markets that were opene
The Week Ahead, S&P 500 Futures Are Up +1% And Poised To Reach 3,000
If after reading this article you conclude that I haven't gotten over the short shrift stocks gave the China-US rift last week, you'd be right. The futures for
Last Chance To Board The Microsoft Train
Microsoft trades near all-time highs and this may have investors wondering if the stock is still a good buy. Through our DCF valuation, we propose two scenarios
Sterling Bank offers to partner with Cynthia Morgan — amid feud with Jude Okoye
Sterling Bank Plc has offered to partner with Cynthia Morgan, Nigerian singer, for its 'One Bank' campaign.The bank took to its social media page on Monday
Ethiopian Airline denies having any contract to evacuate Nigerians from Canada
Ethiopian Airline Monday denied having any existing contract to evacuate stranded Nigerians from Canada. According to the airline, it is the
China warns US of countermeasures over Hong Kong trading threats
China warns US of countermeasures over Hong Kong trading threats
Common sense urged after sunseekers flock to beaches and parks
People made the most of the bank holiday weather following the relaxation of lockdown restrictions in England.
Here’s the key to constructing a portfolio for what comes next
Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective
State aid should be reviewed 'to help EU compete with US & China'
It comes after the German government and flagship carrier Lufthansa reportedly reached an agreement on state aid worth €9 billion.
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
MEXICO CITY (Reuters) - Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.
Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt
Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices
Hamilton Ndlovu apologises for showing off sports cars ‘in poor taste’ during Covid-19 crisis
The businessman says reactions to the footage of his fleet of cars caused both anger and anxiety within his family and left them 'vulnerable to unnecessary attention'.
Post-coronavirus: Relocate dry dock to open up Niger Delta economy, PANDEF, UNDEDSS task FG
The groups said the dry dock had been lying unused and should be relocated to the Niger Delta, to open up the economy of the region
Reg A+: Groundfloor Seeks Up to $10 Million in Series B Funding Round
Groundfloor is turning to SeedInvest to raise additional growth capital. Groundfloor has posted an offering page for indications of interest and, as
Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
SSI’s The Specialist now ready to assist shoppers
Upscale retailer SSI Group launches its concierge service, dubbed The Specialist, to assist customers shopping at home.
Grocery and grain market in APMC reopens
Pune district sees highest single-day surge of more than 450 cases
As US edges toward reopening, a mixed picture takes shape
As US edges toward reopening, a mixed picture takes shape
Last-minute cancellations cause chaos as air travel resumes
India Business News: Domestic air travel had a bumpy take-off on its comeback on Monday after two months of being grounded, thanks to an already sanitised first-day sched
Lotte resumes tender offer to buy more PCPPI shares
Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products Philippines Inc. after filing an updated valuation and fairness opinion with the Securities and Exchange Commission.
California Reopens Places of Worship, In-Store Retail Businesses
California, which has seen some of the most serious restrictions introduced due to the COVID-19 outbreak in the United States, started to gradually reopen its economy...
NZD/USD is perched on a fragile branch, struggles to break higher
NZD/USD is trading at 0.6100, +.01% on the day as we head into the early Asian open. The pair has traded between a range of 0.6083 and 0.6108 on what
Air Canada, Transat deal faces intense EU antitrust scrutiny
BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline
Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.
#SaveDehingPatkai: Coal Mining Threatens ‘Amazon of the East’
As the nation-wide lockdown continues, so do environment, forest and wildlife clearances. The Standing Committee of the National Board for Wildlife (NBWL) recently approved a coal mining project by North-Eastern Coal Field, a subsidiary of Coal India Limited (CIL), in an area that forms part of an elephant reserve in upper Assam.
VW ordered to buy back diesel cars it sold equipped with emission evasion software based on their current value
The decision comes after a motorist took the company to court over a Volkswagen Sharan he bought in 2014, which was equipped with the software that turned off emissions controls during testing.
WWE surprisingly abandon trademark filed for Edge
This is the 2nd time WWE have abandoned the plans to get this trademark for Edge!
Interpol notice against Nirav Modi's brother put up for public viewing again
The Interpol has placed the Red Corner Notice against fugitive diamantaire Nirav Modi's brother Nehal in public view again, after he recently lost an appeal against its issuance by the international
Brazil turns to multilateral lenders in coronavirus crisis
BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.
Common sense urged after sunseekers flock to beaches and parks
People made the most of the bank holiday weather following the relaxation of lockdown restrictions in England.
German government takes 20% stake in $10B Lufthansa bailout
May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
Victoria’s BRI deal benefits local economy
Australia’s southeastern Victoria state should stick to its partnership with China to cooperate on the Belt and Road Initiative (BRI), despite noises made by politicians in Canberra, Chinese analysts said.
HSBC board rethinks overhaul and seeks even sharper cuts
More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
Many mobile traders don’t follow safety rules, give headache to officials
With the lockdown in place, traders and vendors are among those who are badly hit. However, it seems they have found a new way to bounce back into business. Continue Reading →
Top German court to rule on VW ‘Dieselgate’ compensation
FRANKFURT AM MAIN, May 25 — Almost five years after Volkswagen’s admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will today finally rule in a battle over compensation for tens of thousands of affected owners. In a preliminary finding in...
JobKeeper to be reviewed – but Treasurer rules out expansion
The Treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.
Iran’s Oil Minister: Demand for oil is ‘very vague’
The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are
Argos online bank holiday sales: today's best home, garden and tech deals
We're bringing you all the very best Argos online bank holiday sales, deals, discounts and much, much more.
CDC: Coronavirus death rate likely just 0.26% - Technology & Health
CDC revises estimates for coronavirus death rate down to roughly a quarter of a percent. But virus remains deadlier than the flu.
Homes needed for thousands of 'spare' Cadbury's Easter Eggs in massive giveaway
The National Trust for Scotland has already donated around 15,000 Easter Eggs to hospitals, food banks and community groups around the country
View: China's crypto is all about tracing — and power
Digital yuan trials are taking place just as Covid deepens mistrust with the US.
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience
The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing.
Virtual Reserve Bank cash cut lowers rates
A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.
COVID-19: We don’t have money to import food, says Buhari
President Muhammadu Buhari says Nigeria no longer has money to import food due to the impact of the COVID-19 on the nation’s economy...
Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report
The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »
Mumbai heads for highest number of daily new Covid-19 cases for any city in the world
With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl. Compared to
Eir sells its towers for €300m
Eir, the country’s largest telecoms provider, has sold its tower infrastructure company to Phoenix Tower International for €300m.
International Labour Organisation writes to PM Modi, says India should uphold labour laws
This comes after 10 central trade unions lodged a joint complaint with the international body over some BJP-ruled states allowing complete exemption from labour laws for new establishments to attract investments and most states increasing the work hours from 8 hr to 12 hrs in single shifts.
Tasty pursuits! What consumers are turning to when restaurants are shut
The demand for snack items is up, but can manufacturers keep up?
German economy starting to see light at end of tunnel - Ifo economist
BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.
Ramaphosa: South Africa coronavirus lockdown to ease from June 1
South African President Cyril Ramaphosa has announced a further easing of coronavirus restrictions from next month in a move that will allow most sectors of the economy to reopen fully under "strict health protocols" and "social distancing rules".
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.
‘It’s very worrying’: Jobs axed and fears for tourism industry in Perthshire town as hotel permanently closes
The closure of a landmark Perthshire hotel has sparked fears for the local economy as the coronavirus lockdown takes its toll on tourism in the area.
Cancelled flights, miffed passengers galore on reopening domestic flight services
Several flights still ended up getting cancelled, much to the hassle of the customers.
Walmart - Impressive, But Not Impressive Enough
Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d
Brand loyalty no more? Regional brands take larger pie in times of Covid
Local products gain market share as bigger FMCG companies struggle with supply chain issues
SC allows AI to run int'l flights with middle seats filled for 10 days
The top court said that after June 6, Air India will operate its non-scheduled flights in accordance with the interim order to be passed by the Bombay High Court
19 arrive in private airliner from Ahmedabad
As many as 19 passengers arrived in Belagavi from Ahmedabad, capital of the high-risk State of Gujarat, on a private airliner on Monday. A team of district officials, led by Assistant Commissione
Hong Kong Exports Tumble in April as Virus Disrupts Commerce
Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.
Coronavirus crisis: All that's bad about a 'Bad Bank'
The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better
Germany approves 9 billion euro aid package for Lufthansa
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...
Fitch sticks to AAA credit downgrade warning
Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.
Mumbai heads for highest number of daily new Covid-19 cases for any city in the world
With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.
Stillaguamish Tribe gives $1M to food banks, fire services
“I had to do a double take,” said the director of the Stanwood Camano Food Bank, which received $300,000.
Bajaj CT 100 BS6 and Bajaj Platina 100 BS6 are among the Affordable Bikes in the Indian Market -
Due to the lockdown people didn’t buy the bikes last month, but if you are thinking of buying a new
HomeToGo CEO: Why COVID-19 Will Change Summer Vacation, But Not Cancel It
HomeToGo Co-founder and CEO Patrick Andrae talks about how COVID-19 has changed consumers' appetites for travel and vacation rentals.
Flights Cancelled, No Refunds: Chaos At Airports As India Resumes Air Travel
Several passengers complained that they were not given any prior notice and were only informed of cancelled flights when their boarding pass was scanned.
Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days
Trade body advises members to only export to countries which have announced stimulus
Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal
Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19
Gold trades with modest losses, holds above $1722 support zone
Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just bel
A last resort to save tourist season: 'Travel bubbles' emerge as solution to Europe's summer woes
Facing the loss of a significant part of their economies, some countries in Europe are banding together to ease travel restrictions and avoid quarantines.
Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services
The airline owes more than Rs 8,000 crore to banks. The once-storied full service carrier is undergoing insolvency process and … Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services Read More »
Gold Coast hotels fear $6b wipeout
The iconic Sheraton Grand Mirage Resort Gold Coast hotel is one of thousands of hotels hoping interstate travel will soon be possible.
German IFO’s Economist: Economy sees light at the end of the tunnel
Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad
Coronavirus lockdown: India Post to home-deliver fruits in some Bihar cities
The partnership has been forged to address the woes of litchi and mango cultivators in the state due to the lockdown to contain the spread of coronavirus.
Nigeria’s GDP expands by 1.87% amid global challenges
The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019
FinTechs Help Main Street Find Its Footing
Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.
Air India allowed to operate non-scheduled foreign flights with middle-seat booking
Bombay High Court had directed to keep these seats vacant on international flights
"Idea Of Flying Really Scary": Jitters As Domestic Flights Resume
Domestic flights resumed in the country on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.
UPSC To Extend Application Process For Assistant Engineer, Other Posts
UPSC will give 20 more days to candidates who are interested to apply for Assistant Engineer and other posts which were notified on April 2 through advertisement number 05/2020.
ITC to acquire spices maker Sunrise Foods
The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.
Qatar, Azerbaijan to strengthen relations further
Qatar and Azerbaijan have taken many steps over the last 25 years to develop bilateral relations in various sectors. Both countries are interested in the development of economic partnership, including investment, trade and tourism cooperation, said the Embassy of the Republic of Azerbaijan, Doha.
Salons may reopen soon, but health measures must be in place
Barbershop and salon employees show that they can safely cut hair by wearing protective wear. The government, however, is still assessing the risks.
EUR/USD: Geopoliticals risks can send the euro down
EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam
The social enterprise at work: Paradox as a path forward
Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years With COVID-19 creating urgency around workforce reinvention, it’s clear that while organizations have doubled down on investments in technology over the past decade, many have […]
Huawei seeks stable supply of memory chips as US pressure grows
Huawei has asked Samsung Electronics and SK Hynix for a stable memory chip supply despite apparently mounting pressure from the US to isolate the Chinese telecommunications company.
Slump in consumption, exports push Germany into recession in Q1
A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.
Laptop imports from China surge during shutdown
Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.
India air travel restart hits chaos and cancellations
Airlines' plans to resume air travel in India were in disarray on Monday after some states restricted the number of flights hours before departure, causing last-minute cancellations and leaving hundreds of passengers stranded. Airlines, including IndiGo, India's biggest carrier, SpiceJet and
Workplace bullying costs economy €239m per year
NUI Galway study finds that bullying is more prevalent in public sector than the private
Asian shares tick up, eyes on China-US trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...
WTI consolidates the bounce above $33 mark amid intensifying US-China tensions
WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th
AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac
The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan
Coronavirus impact: Tata Group top rung to take 20% pay cut
Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50,000
When my wife and I bought our home about three years ago, we were thrilled to just be approved for a loan. As a newly self-employed writer, we definitely had to jump through a few hoops to buy our home despite credit scores above 800.
Burger King modifies cardboard crowns to encourage social distancing
The hats were trialled at stores in Germany.
EU must present united front to shield pandemic-hit banks: regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority
British farmers 'will go out of business' in UK-US trade deal, Theresa Villiers warns
British farmers “will go out of business” as a consequence of a trade deal with the United States, former environment secretary Theresa Villiers has warned. Admitting that she had "great fears" about "unfettered competition between domestic farmers and US imports", she said it would
CBD Melbourne: Some free advice for private equity giant Bain
Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand's government announced last week its plans to have a vaccine ready for deployment
China decides to evacuate its citizens from India amid rise in coronavirus cases
The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights.
Australian economy must come off Covid-19 ‘life support’, PM to say
SYDNEY, May 25 — Australia’s economy must not become reliant on government stimulus, Prime Minister Scott Morrison will say tomorrow, as Canberra unwinds state support and accelerates plans to spur growth. Australia has reported just over 7,100 Covid-19 infections, including 102 deaths. That is...
USD/JPY Price Analysis: Sticks to modest gains near 50-day SMA, around 107.70 region
The USD/JPY pair held on its modest daily gains through the early North American session and was last seen trading near the top end of its daily tradi
Premier Ford to make announcement today alongside Ontario’s associate minister of small business
Premier Doug Ford will be making an announcement in Toronto this afternoon alongside Ontario’s associate minister of small business and red tape reduction.
Pakistan plane crash: Crashed PIA plane’s pilot ignored 3 warnings to lower altitude, says report
The probe team, headed by Air Commodore Muhammad Usman Ghani, President of the Aircraft Accident and Investigation Board, is expected to submit a full report in about three months.
Rhumbline Advisers Increases Stock Position in Fox Corp (NASDAQ:FOX)
Rhumbline Advisers boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 9.8% in the first quarter, HoldingsChannel.com reports. The fund owned 264,628 shares of the company’s stock after purchasing an additional 23,633 shares during the period. Rhumbline Advisers’ holdings in FOX were worth $6,055,000 at the end of the most recent reporting period. Other […]
Neobank N26 Executive Predicts there will be As Many Digital Bank Accounts as Traditional Ones, but Global Fintech Reports Suggest Otherwise
Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger t
German gov't to climb aboard at Lufthansa in virus rescue
(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.
Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)
Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]
Bank of Israel leaves rates unchanged, sees less economic damage in 2020
JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.
Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
Bust-up over climate weighs on EU-UK talks, risks trade rifts
Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes. While Britain has joined the global Paris agreement to fight climate change
Drones come to rescue as Covid-19 pins down Irish service sector
News News: DUBLIN: Manna Aera, an Irish drone company, has come to the rescue of countless people as the delivery sector is still down in Ireland due to Covid-19.
China decides to evacuate its citizens from India amid rise in coronavirus cases
The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights. The move to evacuate its citizens comes in the wake of India emerging as the 10th worst-hit country by the deadly virus, which has infected nearly 1.40 lakh people in India.
Businesses changing restrooms as they move to reopen
Businesses are now having to consider how they’ll need to change up their restrooms as they move to reopen amid the coronavirus pandemic.
Maintenance process set in motion at Jubilant Generics
90 employees called to work today to prepare machines for drug production Mysore/Mysuru: Nanjangud-based Jubilant Generics, an extended arm of Jubilant Life Sciences, has been preparing to start operations. The company which was shut due to COVID-19 will resume operations soon with the guidelines by Indian Council for Medical Research (ICMR). The State Government has...
AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)
AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]
Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)
Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]
AirAsia India opens domestic flight bookings for passengers; will fly to 21 destinations; details
With the announcement of resumption in domestic flight operations, AirAsia India has resumed its operations and will fly to 21 destinations in the country.
Jobless benefit requests by Portugal's young spike 52% during pandemic
LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday
No crying over spilt milk as advisers focus on Virgin bid
Jayne Hrdlicka could be Virgin's next CEO or chairman if Bain is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
Tipplers throng outlets as liquor sales resume in Puducherry after two months
Directions to the booze-lovers included strict adherence to social distancing. Markings were made on the road close to the shop to ensure that the people observed physical distancing.
RBI And MPC Should Junk Monetary Policy Calendar In Times Of Covid-19, Act Preemptively To Avert Crisis
The problem is not what the RBI will or will not do, but it is more to do with the timing.
Ikea introduces new shopping rules as 19 stores reopen to the public
The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach
Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)
Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its […]
Aigen Investment Management LP Sells 75,814 Shares of Marathon Oil Co. (NYSE:MRO)
Aigen Investment Management LP trimmed its position in Marathon Oil Co. (NYSE:MRO) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,780 shares of the oil and gas producer’s stock after selling 75,814 shares during the period. Aigen […]
Battling Covid-19: Denmark keen to share best practices with India
Both countries to share best practices, exchange information in medical research, testing kits, vaccine development
Hospitals flush with cash got billions in coronavirus bailouts
The feds have given more than $5 billion in grants to 20 big hospital chains that already had more than $108 billion in cash.
6,668 Shares in AmerisourceBergen Corp. (NYSE:ABC) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC purchased a new stake in AmerisourceBergen Corp. (NYSE:ABC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,668 shares of the company’s stock, valued at approximately $590,000. Other hedge funds also recently added to or reduced their stakes in […]
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
MEXICO CITY, May 25 — A slowdown in China’s economy this year should allow Mexico to attract more investment, lure companies and create jobs, Mexican President Andres Manuel Lopez Obrador said today. Speaking at a regular government news conference, Lopez Obrador pointed to forecasters’...
NAB's rod for its own back
NAB will reveal the results of a share purchase plan that might be heavily oversubscribed on Wednesday.
Business gives Ramaphosa’s plan to reopen economy the thumbs up
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
Vedanta’s delisting plan: What choice do shareholders have?
The price of ₹87.5 per share indicated by the company may be too low; but investors have the choice of placing their bids higher
Covid-19: FSSAI extends deadline for compliance norms for traditional sweets
In a relief for traditional sweet makers, the Food Safety and Standards Authority of India (FSSAI) has decided to extend the deadline for enforcement of certain mandatory compliance norms for non-pack
U.S Buys 300 Million Covid Vaccines from Gates-Affiliated Drug Maker
The tech company created a tool based on a method of hypnosis called Neuro-Linguistic Programming (NLP).
North India heatwave likely to ease after May 28; storm expected later
Delhi, Rajasthan, Haryana, Punjab and parts of Uttar Pradesh have been experiencing blistering heat for days with temperatures soaring over 45 degrees Celsius
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....
EU must present united front to shield pandemic-hit banks: regulator
FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.
Central Bank warns people of four unauthorised financial firms in operation
The Central Bank says Aran Asset Management, MSIM Fund Management, and CMS ICAV have cloned the details of already existing firms.
China to evacuate its citizens from India amid rise in coronavirus cases
The move to evacuate its citizens comes in the wake of India emerging as the 10th worst-hit country by the deadly virus, which has infected nearly 1.40 lakh people in India.People opting to return China will have to accept all quarantine, epidemic prevention arrangements during the flight as well as after entering China
Bithumb Names Back Young Heo as Its New CEO
South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO).
ETRADE Capital Management LLC Sells 5,934 Shares of Valero Energy Co. (NYSE:VLO)
ETRADE Capital Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the oil and gas company’s stock after selling 5,934 shares during the quarter. ETRADE Capital Management […]
Darden Restaurants (NYSE:DRI) Price Target Raised to $88.00
Darden Restaurants (NYSE:DRI) had its price objective upped by KeyCorp from $75.00 to $88.00 in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Other equities research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Darden Restaurants from a […]
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...
GBP/USD clings to modest gains, bulls await a move beyond 1.2200 mark
The GBP/USD pair edged higher through the early North American session and was last seen trading near the top end of its daily trading range, just bel
Genting Malaysia Bhd to undertake MSS, VSS for employees in Covid-19 restructuring exercise
KUALA LUMPUR, May 25 — Genting Malaysia Bhd (GENM) announced today it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic. In an internal memo circulated to its employees sighted by Malay...
USD/MXN: Slight relief for the peso – CIBC
The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys
ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]
Commercial real estate to move northwards in Tier 2 markets post Covid-19
Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.
Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality
The housing market scene might soon resemble more of a hospital and less of a home but Lehigh Valley real estate agents say these measures are going to be crucial moving forward amid the COVID-19 pandemic.
Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report
The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's altitude and speed before the landing, saying he
S&P/TSX composite starts week higher, U.S. stock markets closed for holiday
TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.
Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
BANGKOK, May 25 — A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand’s government announced last week its plans to have a...
Germany mulls €50,000 a month for stricken firms
FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...
Massive amount of drugs, alcohol and cash confiscated in Komatipoort
Drugs, alcohol and cash with an estimated street value of R10 million were confiscated this morning at the Lebombo Border Post.
Covid-19: Anand Mahindra says extended lockdown will have damaging psychological impact on people
‘The numbers will continue to rise and the focus must be on rapid expansion of field hospital beds with oxygen lines,’ the businessman said.
Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
CBD Melbourne: Some free advice for private equity giant Bain
Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
ETRADE Capital Management LLC Purchases New Holdings in Docusign Inc (NASDAQ:DOCU)
ETRADE Capital Management LLC acquired a new stake in Docusign Inc (NASDAQ:DOCU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,364 shares of the company’s stock, valued at approximately $496,000. Several other hedge funds and other institutional investors have also added to […]
China plans to begin shifting its citizens stranded in India from June 2
China will ply flights to help its citizens stranded in India and facing difficulties to return to the mainland from June 2, as per a tentative schedule published on the website of the Chinese Embassy in New Delhi on Monday.
Amazon Handmade launch Rainbows of Hope storefront in support of NHS
There are 20 products available in the range with a portion of sales going to NHS Charities Together
Celsius: Hold On For The Ride
Celsius's potential TAM is massive and should support many years of strong growth. Even with COVID-19 substantially disrupting marketing, the company is still s
Crowds pack pool bar at Lake of the Ozarks amid pandemic
It's business per usual at the Lake of the Ozarks. Businesses stay busy with out-of-towners vacationing over Memorial Day Weekend.
Africa's COVID-19 recovery should harness the benefits of nature and conservation
Today, as we celebrate International Day of Biodiversity, the global community is called to re-examine our relationship to the natural world. We celebrate this day in the midst of the COVID-19 pandemic ...
Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam
Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
BANGKOK (Reuters) - A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.
EUR/GBP alternates gains with losses near 0.8950
The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile
California Retail Employee Shares Photo Of Her Battered Face After Being Attacked By A Customer
‘It was so fast, I couldn’t even put my hands up,’ said Samantha Clarke. Samantha Clarke of Modesto, California, is an employee at a Big 5 sporting goods store. Earlier this month, ...
Refunds likely to bury retail boost from pent-up demand
For shell-shocked consumers, mass job losses and emptier social calendars mean cash will prove more alluring than unused purchases.
Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline, Business Insider - Business Insider Singapore
Business Insider - Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.. Read more at businessinsider.sg
Singapore Airlines reinforces commitment to NZ during COVID-19 crisis
The airline is swapping passengers for cargo.
Veterans' unemployment during coronavirus outpaces rest of US
As states continue to slowly ease coronavirus-related restrictions and reopen their economies, millions continue to be impacted by job losses, particularly veterans.
Lion to bring 'healthy alcohol' to Australia
White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.
Economists See China Holding Stimulus in Check Amid Uncertainty
(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline
Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.
COVID-19 raises posers over business interruption underwriting
FOLLOWING the lockdown across the country on the backdrop of the coronavirus, COVID-19, pandemic which crippled econo
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
ASX 200 Index: Australian shares start out the week 1.5% higher
Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin
Russia records its highest daily death toll from the coronavirus as its number of new cases appears to decline
Russia denies that it has manipulated coronavirus data and maintains that its mortality rate from the virus is among the lowest in the world.
LS C&S receives international standard certification for photovoltaic cable
LS Cable & System said Monday its photovoltaic cable has received international standard certification from Germany’s TUV SUD, a global certification authority. TUV SUD assessed that LS C&S’ 1,500 voltage direct current solar cables conform to functions and safety standards of International Electrotechnical Commission and European Standards, according to the cable maker. The firm expects the c...
RBA to update transaction processing and settlement system for new payment streams | ZDNet
The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.
Atlassian has released its COVID-19 survey to the public, as it encourages other organisations to use surveys to find how workers are coping with the pandemic
Software giant Atlassian has been using an internal survey tool to help determine how employees have been feeling as they work from home during the coronavirus pandemic. The survey has helped the company see what its workers need and what it can do to support them.
Alibaba Drops After Projecting Slowing Growth in Uncertain Times
Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.
Shareholders set agenda for new SEC management
SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b
Australia’s international trade took a dive in April
The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:
COVID-19: India Now Has 968 Dedicated Hospitals With Over 2,50,000 Beds
India now makes sufficient number of N95 masks and PPE through the domestic manufacturing sector.
Delhi's First Departure is to Pune, Mumbai's to Patna as Domestic Flight Ops Resume After 2 Months
Both the flights were operated by IndiGo. While the Delhi-Pune flight departed at 4.45 AM, the Mumbai-Patna flight took off at 6.45 AM today.
‘Biodiversity protection key to post-COVID-19 recovery’
In a bid to recover greener and better planet for the people, the Minister of State for Environment, Mrs Sharon Ikeazor has stressed the need for stakeholders in the sector and Nigerians to stay on track with the climate targets.
Update: Mr Lee’s Pure Food Co’s Equity Crowdfunding Campaign Surpasses £1.8 Million During the Final Days on Seedrs
Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is now
Smartphones: the perfect gateway into the trading world [Sponsored]
It used to be the preserve of the financial expert or city worker, but trading in stocks and shares has recently become accessible to...
Toyota Corolla Wagon Could Return According To New Trademark Filing
If this rumor turns out to be correct, Toyota would become one of the very few automakers in America to offer its customers a station wagon.
South African president says lockdown to ease from June 1
JOHANNESBURG, May 25 — President Cyril Ramaphosa announced yesterday a further easing of South Africa's coronavirus lockdown from June 1, allowing the vast majority of the economy to return to full capacity. Africa's most industrialised economy has been largely shut down since late March, when...
Australia's exports fell 12% in April
The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la
Food inspection agency says variety of vegan chocolate bars contains milk
OTTAWA — The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.
Gold Price Analysis: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
New 'ShopKiwi' website encourages shoppers to support local businesses
The website offers free sign-up for NZ owner-operator businesses.
The US Is Close To Losing A Major Asian Ally Amid Warnings Of A ‘Cold War’ With China
In an alarming move on the international level, the Philippines has begun allying themselves with China, despite the country’s longstanding position as the United States’ oldest Asian ...
State Governments face unprecedented financial crisis
The report stated as follows: “the states were expecting to share N3.3 trillion from the Federation Account during the year, they
Coronavirus lockdown: Lessons from 18-century Rajput states about helping distressed citizens
Rulers exempted subjects from paying taxes, funded public workers, offered agricultural loans and instructed moneylender to refrain from calling in loans.
Crowdfunding projects help virus-hit businesses in Japan
Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.
UoN to get lion’s share of Sh6.6bn salary raise
Parliament approved the payment in a supplementary budget last month.
Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding
In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later
Moving production lines out of China is uneasy
Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.
Debt of consumer discretionary firms faces a downgrade
Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.
GBP/USD: All signs are bearish for the pound
GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,
Reverse migration can spur housing demand in tier 2 and 3 cities post COVID-19: ANAROCK report
One significant trend may be reverse migration spurring housing demand in Tier 2 & 3 cities, says the ANAROCK report.
Slump in consumption, exports push Germany into recession in Q1
BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...
Beijing Opposes All US Restrictions on Chinese Airlines, Foreign Ministry Says
The statement comes in response to a report that the US Transportation Department ordered four Chinese airlines to file their schedules by 27 May. The American...
China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered
Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD
McDonald's reveals plan to open more branches
The fast food giant has only reopened a small number of branches in the south east of England - but its CEO says it has 'not forgotten' about the rest of the country.
Crashed Pakistan plane’s pilot ignored 3 warnings to lower altitude: Report
The report said that the plane had enough fuel to fly for two hours and 34 minutes, while its total flying time was recorded at one hour and 33 minutes.
Melon-aires not required as Japan premium fruit prices plunge
A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
EUR/USD: The global outlook points to be positive for the euro – Danske Bank
While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna
On Day 1, Chennai airport to receive 16 flights
A Delhi-bound Indigo Airlines with 116 passengers was the first flight to be operated from the airport here today when the country resumed domestic air services, officials said. Continue Reading →
Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal
The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies
JobKeeper fuels 'major hunger' for new sneakers
Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.
Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre
Report warns of major tax shortfall due to drop in household spending
The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...
Coronavirus impact: Time for employers to up skill employees
For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills
UK sport a step closer as contact training gets government go-ahead
Professional sport in Britain moved closer to a resumption when the government published 'stage two' of its guidance allowing for close-contact and competitive training.
USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark
The USD/JPY pair edged higher on Monday and was last seen trading near the top end of its daily trading range, around the 107.70-75 region. The pair m
Suncor - Immediate Action Will Mean Stronger Returns
Suncor Energy is an incredibly well positioned Canadian oil major. The company's FFO / share is better than most oil majors. The company's financial health is q
GBP/USD: No reasons for sterling to spring back up
While Brits are enjoying their spring bank holiday – albeit under lockdown restrictions – sterling may continue suffering, according to FXStreet’s ana
Virus-hit Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually ...
Tokyo stocks rally on hopes for economic restart amid pandemic
Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…
Nissan, Renault to disclose plan to slash production due to Covid shutdowns
The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022
Chaos reigns at airports as domestic flights take off after 2-month gap
Tweaking of flight schedules led to cancellation of several flights
Asian stocks subdued after China imposes new law on Hong Kong
Global financial markets already struggling to deal with huge economic uncertainty
EUR/USD: Time to buy a ticket for the 1.20 level – Nordea
It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke
As corona crisis eases, Israel opens for business again
Beaches, synagogues and shopping malls are now open, soon to be followed by restaurants, bars and hotels.
KBC staff sue over pension funds
Broadcaster says it’s unable to pay the sum at once.
We’re evaluating new food trends that gained momentum during lockdown: ITC’s Hemant Malik
Significant uptick in essentials; salience for larger-size packs
Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure
Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.
Last week for COVID survey
B.C. residents who haven't yet taken the province's COVID-19 survey have until May 31 to do so.
Confusion prevails over online sale of liquor
No online service providing agency will be entrusted with liquor trade. Liquor shop owners will take orders from 7 am to 1 pm and deliver the product home within 7 pm.
Deficit monetisation: Is it really as simple as RBI printing more money?
India has a comfortable foreign exchange reserves of $487 billion currently.
ANA to require all passengers to wear face masks aboard aircraft from June
One of Japan's major airlines plans to make the wearing of face masks compulsory as the industry shifts toward operating in a new coronavirus pandemic normal. From June, All Nippon Airways Co will require all passengers to wear face masks inside airports and aboard aircraft. Anyone who refuses will be…
Armagh farmer linked to motor ‘chop shop’ after police search
A farmer accused of involvement in a ‘chop shop’ of high-value stolen cars being run by an organised crime gang on his land was refused bail yesterday.
JobKeeper blunder may have forced up debt costs by $180m
The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.
At New Delhi airport, hundreds of people anxious to get home but apprehensive about the risks queued from before dawn
Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes. India had halted all flights within the country, and departing and leaving for abroad, in late March as it sought
Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal
While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »
Nikkei rises, but Hong Kong shares slip as tensions with China heat up
Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.
CEO buys ailing New Zealand media giant for one dollar
Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.
Nordic investors turn up heat on coal in climate campaign
OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.
US Dollar Index pushes higher and approaches 100.00
The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.
UK's Sunak authorises bailout plan to rescue strategically important companies
LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...
Melon-aires not required as Japan premium fruit prices plunge
TOKYO, May 25 — A pair of premium Japanese melons sold today for just a slice of the ¥5 million (RM200,720) reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at ¥120,000 at the season’s first auction — 40...
SC allows Air India to operate flights till June 6 with middle seats filled to fly stranded Indians
India Business News: The Supreme Court on Monday allowed Air India to keep the middle seats occupied while operating its non-scheduled flights to bring back Indians stran
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing
Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.
Copper: The pace of long positions to slow down – TDS
Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C
Beef trade: Data backs up expanding influence of the dairy sector on the beef industry
While putting this week’s report together different factory agents used different analogies to describe how they now see trade.
China's pork imports in April jump 170% to record high
China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
Jet Airways offers two Boeing aircraft to assist Vande Bharat Mission
Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia
Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report
The Airbus A-320 from Lahore to Karachi was 15 nautical miles from the Jinnah International Airport, flying at an altitude of 10,000 feet above the ground instead of 7,000 when the Air Traffic Control (ATC) issued its first warning to lower the plane's altitude, Geo News quoted an ATC report as saying.
China's currency gamble adds fuel to fire
The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.
Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief
Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment
Virgin Media Ireland announce €1 Million fund to help businesses nationwide
Virgin Media has today launched a €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.
Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member
New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...
The new normal: How coronavirus pandemic is changing consumer behaviour
Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which
Investors are underestimating Beijing's response to the pandemic
Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.
UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down
Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August
Pachinko upgrades to boost NAND flash demand
Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.
Day-to-day banking proving to be a struggle for some isolating seniors
When banks temporarily closed hundreds of branches in response to COVID-19, many seniors found themselves unable to pay bills, withdraw cash for groceries and manage their account balances
Lockdown Level 3: What’s in store
South Africa’s response to Covid-19 will significantly change under Alert Level 3 as all but high-risk sectors of the economy will be allowed to resume operating. The National Coronavirus Command Council is due to unpack its plans on Tuesday but here’s what we know so far.
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Over 3,000 COVID-19 cases in two weeks as Nigeria’s toll exceeds 8,000
Nigeria’s COVID-19 toll exceeded 8,000 on Monday, with more than 3,000 cases recorded within two weeks. The Nigeria Centre for Disease Control (NCDC) confirmed 229 new COVID-19 cases on Monday,
Young people dominate early super withdrawals
Young Australians comprise the majority of people making early withdrawals from their superannuation, as the COVID-19 crisis sweeps through the economy.
AUD/JPY: Bearish case getting cheaper as each session passes
AUD/JPY has been on the bid at the start of this week and despite ongoing geopolitical tensions that have weighed on commodity markets. There has been
Okanagan College expected to see fewer international students, loss in revenue unknown
Post secondary institutions across Canada are bracing for financial losses with the future of foreign students stuck in COVID-19 limbo.Thompson Rivers Unive
Pandemic delivers R943m revenue blow to Netcare
Costs for PPE escalate to R850m as group bolsters its supply ahead of virus peak.
Health products get a boost as desis look to build immunity
India Business News: As the coronavirus pandemic rages, health has become an important element even in food and grocery items. Indians are warming up to the idea of buildi
The tobacco firm that is still making a mint from menthol cigarettes: Bosses are accused of sidestepping ban aimed at stopping children smoking
Mint-flavoured cigarettes, which make up around one in four sales, were banned in Britain last Wednesday amid concerns they were luring young people. JTI launched its new range on the same day.
Beximco exports 6.5 million PPE gowns to US
Beximco Group has exported 6.5 million personal protective equipment or PPE gowns to US brand Hanes for delivery to the Federal Emergency Management Agency, or FEMA.
36% liquor stores back in business in Mumbai
At the epicentre of coronavirus infections in the country, Mumbai has disallowed counter sales of liquor to avoid big crowds outside beer and wine shops. It was also one of the last districts to permit home deliveries of liquor.
RSM, BDO staff return to the office amid strong demand
The mid-tier accounting firms say despite the downturn, clients are increasingly seeking advice, including on how to access stimulus packages.
Government warned economy could fall off a cliff in September without more stimulus
Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.
Vermilion Energy CEO’s departure signals return to conservative roots
Return of co-founder as executive chairman comes with greater focus on balance sheet
Square: Soon To $100/Share And Beyond
Square's Cash App has seen explosive growth, expanding its ecosystem of services. My discounted cash flow valuation model suggests that shares have further upsi
Air New Zealand sees annual underlying loss due to coronavirus
Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.
Don’t try, just buy: How shopping will change post-coronavirus
The way we shop has changed. Customers can say goodbye to testers and fitting rooms, and say hello to disinfectant and spatial awareness.
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...
New emissions blow for VW as German court backs damages claims
FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.
Only a few hedge funds made money in March and April. Here's how.
Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.
Central bank asset purchases creating ‘fake markets’, analyst warns
'They're no longer related to any fundamental analysis whatsoever'
Covid-19 to dent M&R earnings ‘more than 20%’
Group reports further growth in order book to R51.5bn at end-March.
No more grants for the self-employed, Treasury says - Inside Israel
Treasury says the economy is back to normal.
Coronavirus News: As more stores file for bankruptcy, 7 On Your Side looks at the future of retail
At least three major retailers have filed for chapter 11 bankruptcy protection this month as the COVID-19 crisis has crippled sales -- now experts say it might be a good time to spend those unused gift cards.
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block
Renewable electricity suppliers gaining ground
Generating capacity of independent producers is just about equal to that of an Eskom power station.
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic
Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
COVID-19 checkpoints ‘up to them,’ Bonnie Henry says of remote B.C. villages
Support local tourism economy, but only if you’re invited in
French carmaker Renault could close plants and cut jobs: union
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...
Interpublic Group of Companies Inc (NYSE:IPG) Shares Purchased by Swiss National Bank
Swiss National Bank raised its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,918 shares of the business services provider’s stock after buying an additional 283,800 shares during the quarter. Swiss National […]
Consumer Confidence Inches Higher in Canada, Except for Housing
Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.
Covid-19 boosts local demand for premium fruits, vegetables
Indian consumers are willing to pay a premium to get hygienic and nutritional daily essentials, prompting exporters of horticulture produce to draw strategies for the domestic market.
Cetera Advisors LLC Sells 2,568 Shares of Marathon Oil Co. (NYSE:MRO)
Cetera Advisors LLC lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 16.5% during the first quarter, HoldingsChannel reports. The fund owned 13,013 shares of the oil and gas producer’s stock after selling 2,568 shares during the quarter. Cetera Advisors LLC’s holdings in Marathon Oil were worth $43,000 as of its most recent […]
ETRADE Capital Management LLC Sells 2,520 Shares of Ball Co. (NYSE:BLL)
ETRADE Capital Management LLC decreased its position in Ball Co. (NYSE:BLL) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the industrial products company’s stock after selling 2,520 shares during the period. ETRADE Capital Management LLC’s holdings in Ball were worth $439,000 as […]
Telegram Withdraws US Court Appeal for TON Launch
After wrapping up its blockchain project, Telegram has now officially withdrawn from the court battle against the SEC for lifting the ban on Gram tokens.
First flight lands at Jammu airport from Delhi as domestic air travel resumes
After the restart of domestic air travel in the country, the first flight landed at the Jammu airport from Delhi on Monday morning. The Air India flight
A Lot of Binance Exmployees Opt to be Paid in Crypto Rather Than Fiat: CEO
The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that "a lot" of employees opt to be paid in BNB, rather than fiat.
Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope
The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
The coronavirus pandemic has disrupted the management-consulting industry.
Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report
The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's
Bengaluru: Operation of BMTC buses to be increased to 3,500; new bus fares start from Rs 5
Apparently to make up for the losses it had suffered during the lockdown, the BMTC had stopped selling the bus tickets from one destination to another and sold only the bus passes of ₹70 each, which people had opposed. The move comes days after BMTC faced flak for forcing travellers to buy daily passes worth Rs 70 for
National Health Authority plans to empanel ICMR accredited laboratories for Covid-19 testing
Dr Indu Bhushan, CEO of NHA informed that under the Ayushman Bharat health insurance scheme, about 2,300 patients have received treatment for COVID19 free of cost.
Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)
Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks […]
The 'Mogote' is a $87,500 lofted tiny home on wheels that can sleep up to 4 people — see inside, Business Insider - Business Insider Singapore
Business Insider - Baluchon prioritizes using local, "eco-responsible and bio-based" supplies, according to the company.. Read more at businessinsider.sg
COVID-19: 103 Indians arrive in Kochi from San Francisco, 146 reach Gaya from Doha
India continues repatriation flights under ‘Vande Bharat’ mission
Sun rises for ITC's aggressive acquisitions
ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030
SC allows Air India to fly for ten days with middle seats filled in scheduled aircraft
The high court had on May 22 sought response from Air India and the Directorate General of Civil Aviation (DGCA) on a petition of an AI pilot claiming that the airline was not following safety measures for COVID-19 while bringing back Indians stranded abroad.
German govt to climb aboard at Lufthansa in virus rescue
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...
Wage subsidy scheme pays out more than a billion euro
The amount of money paid out under the coronavirus wage subsidy scheme has surpassed 1.1 billion euro, a senior civil servant has said.
Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering
NPD report shows this April had record console sales for the month in the US
It looks like COVID 19 has led to some breaking sales for the video games industry during the month of April in the US, a point at which lockdown measures were in full effect across the country. In th
Russia's Aeroflot reports 95% passenger drop in April 2020
Aeroflot Group expects to gradually increase the number of flights across Russia in June 2020
Renault must join French-German battery project: minister
Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.
ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)
ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]
Japan cautiously lifts last of virus emergency controls
The government’s decision to lift the declaration highlights its strong desire to revive the nation’s faltering economy as quickly as possible.
First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)
First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]
Seagrasses will benefit from global change
Researchers show that seagrasses will benefit from increases in the temperature and CO2 in the oceans because their capacity to acquire nitrogen will be enhanced, not limiting their growth.
Post-Pandemic Economy: Great Depression or Growth Point?
Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...
Swiss National Bank Boosts Stake in Teladoc Health Inc (NYSE:TDOC)
Swiss National Bank lifted its stake in shares of Teladoc Health Inc (NYSE:TDOC) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 133,400 shares of the health services provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Teladoc Health were worth $20,678,000 at the end of […]
Could now be a good time to buy a house? Suffolk housing market after coronavirus explained
A leading Suffolk estate agent has explained why now could be a good time to buy a house for some people – but has warned that, for others, things could be more difficult.
Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector
The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.
Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market
Unlike many other Russian O&G companies, Surgutneftegas decided to cut its dividends. Earlier, the company's earnings for 2019 crashed by 8 times. From this per
ETRADE Capital Management LLC Has $597,000 Holdings in Lithia Motors Inc (NYSE:LAD)
ETRADE Capital Management LLC increased its position in shares of Lithia Motors Inc (NYSE:LAD) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after purchasing an additional 708 shares during the period. ETRADE Capital […]
The World's 10 Richest Cities
The U.S. is home to six of the 10 richest cities in the world, according to data on the global wealth population.
Flash Australia PMI Signals A Further Slump In Business Activity During May
Flash Australia PMI at 26.4, signalling another steep decline in business activity. Slumping demand accompanies the fall in output. Job losses continue at marke
Rassie donates 'lucky white shirt' to raise funds for coronavirus
Rassie Erasmus has joined in on SA Rugby's 32-12 campaign to help raise funds to feed those in need during and after the Covid-19 pandemic.
HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid
After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore
AUD/USD pares early losses, registers modest gains near 0.6550
The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD
India Enters Covid Top-10; What Should Spook Us Is Not Headline Number, But Staying Ahead Of Curve
The rising numbers should not matter too much.
Invesco Ltd. (NYSE:IVZ) Position Boosted by AE Wealth Management LLC
AE Wealth Management LLC increased its holdings in Invesco Ltd. (NYSE:IVZ) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,084 shares of the asset manager’s stock after buying an additional 3,696 shares during the quarter. AE Wealth Management LLC’s […]
UK’s NatWest Reports Significant Increase in Local Businesses Accepting Payment Cards, as they Move Away from Cash Due to COVID-19
Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnes
Reverse migration to villages has set economy back by 15 years, says JNU professor
India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.
Albemarle Co. (NYSE:ALB) Shares Acquired by Swiss National Bank
Swiss National Bank grew its holdings in Albemarle Co. (NYSE:ALB) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,607 shares of the specialty chemicals company’s stock after acquiring an additional 77,400 shares during the period. Swiss National Bank owned about 0.39% […]
3 Stocks to Buy and Hold for Decades
Great businesses can allow you to compound your wealth over the decades.
AusPost temporarily digitises mailrooms of 40 govt, finance firms
Creates 'basic' service for customers that couldn’t operate internal mailrooms.
Merger Arbitrage Analysis And Spread Performance - May 24, 2020
ForeScout Technologies declines following the accusation of a MAE and subsequent legal action. COVID-19 forces investors to reanalyse merger arbitrage risks. Av
Cetera Advisor Networks LLC Decreases Stock Position in Newmont Goldcorp Corp (NYSE:NEM)
Cetera Advisor Networks LLC lessened its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,034 shares of the basic materials company’s stock after selling 4,773 shares during the period. Cetera Advisor Networks LLC’s holdings in Newmont […]
AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)
AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]
Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors
Bitcoin was trading in positive territory this Monday after closing its last week in severe losses.
Lockdown 5.0 in Himachal Pradesh: Hamirpur, Solan district magistrates extend lockdown till June 30
Hamirpur and Solan districts in Himachal Pradesh will continue with the coronavirus lockdown for a month after the current nationwide phase ends on May 31.
Trade setup: No consensus on Nifty direction; 50DMA remains key hurdle
This makes the market more vulnerable on the higher side.
Talks on Lufthansa aid not concluded yet: ministry
BERLIN (Reuters) - Negotiations on a government bailout for coronavirus-stricken airline Lufthansa (LHAG.DE) are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.
MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero
A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.
COVID-19: India air travel restart sees chaos and cancellations
New restrictions at airports force airlines to scramble revised schedules
ETRADE Capital Management LLC Raises Stake in American Express (NYSE:AXP)
ETRADE Capital Management LLC increased its stake in shares of American Express (NYSE:AXP) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,015 shares of the payment services company’s stock after buying an additional 603 shares during the quarter. ETRADE Capital Management LLC’s holdings in American Express were worth $600,000 as of […]
Need to adopt AI aggressively to ensure inclusive development in corona-hit world: Ravi Shankar Prasad
India Business News: Emphasising that the government’s Aarogya Setu app protects individual user’s privacy, Telecom and IT Minister Ravi Shankar Prasad said on Monday that
Designers created an 'infection-free playground' for children made up of individual play areas — take a look, Business Insider - Business Insider Singapore
Business Insider - The area is divided into separate platforms so that children aren't close enough to share germs.. Read more at businessinsider.sg
Tokyo stocks open higher on virus hopes
Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.
Hoggets bear brunt as factories slash sheep prices
Last week those in the trade were beginning to speak about factory prices being “on a knife edge”. By yesterday morning quotes for spring lambs had been pared by 10c/kg.
Aldi now sell over 75 new Irish products as part of Grow with Aldi Programme
45 of Ireland’s most innovative Irish food and drink producers have won a new contract to supply Aldi’s 142 stores through its Grow with Aldi Supplier...
Mackay Shields LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
Mackay Shields LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the technology company’s stock after selling 58 shares during the quarter. Mackay Shields LLC’s holdings […]
Hertz car rental company has filed for bankruptcy
As a result of the COVID-19 pandemic, the Hertz car rental company files for bankruptcy protection
Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%
Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.
High Yields From Tax-Advantaged Debt: America First Multifamily
COVID-19 has created a completely new environment. The market is still struggling with figuring out the new reality and balancing the opposing forces. Where the
Increase in area of kuruvai cultivation expected
The Agriculture Department anticipates an increase of over 5,000 hectares (ha) in the total area of kuruvai cultivation in Thanjavur district this year.Last year, the shutters of Stanley Reservoir wer
Twilio: Coronavirus Accelerating Positive Trends, Downside Ahead
TWLO blew out Q1 expectations, as the coronavirus did the opposite of what people expected and accelerated its business. If you think about it, this is pretty i
PA easing coronavirus restrictions in occupied West Bank
The Palestinian Authority (PA) has announced an easing of coronavirus restrictions in the occupied West Bank following a steady drop in the number of new infections.
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.
FDA relaxes food labeling regulations for pandemic
Food manufacturers will be permitted to substitute ingredients in products without changing the labels. The FDA posted a “temporary flexibility policy” permitting inaccurate labels, cla…
Report: Billionaires Have Made $434 Billion During Coronavirus Pandemic
According to a recent report, American billionaires have enjoyed a huge boost in net worth in the first two months of the Chinese virus pandemic, earning around $434 billion since March 19, when many states went into lockdown.
UP maps migrant skills, aims to clones textile story of Vietnam, Bangladesh
Over 12,000 workers found to be trained in garment making and tailoring so far; more than 2.3 million have returned to UP from different states
1,396 Shares in Mercadolibre Inc (NASDAQ:MELI) Purchased by Fiera Capital Corp
Fiera Capital Corp acquired a new stake in Mercadolibre Inc (NASDAQ:MELI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,396 shares of the company’s stock, valued at approximately $682,000. A number of other hedge funds also recently modified their holdings of the […]
South Africa’s 24-hour trend report – the weekend
This is a high-level summary of the trending, highest impact, and most active themes and narratives related to social cohesion and division as identified from South African social media conversations on 23 and 24 May 2020.
SeaChange Warns Of An Abysmal Q1 As Customers Continue To Delay Purchase Decisions
Discussing recent Q1/FY2021 earnings warning. Customers continue to delay purchase decisions, resulting in an at least 55% sequential revenue decrease with like
Swiss National Bank Acquires 69,600 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)
Swiss National Bank increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,875 shares of the casino operator’s stock after purchasing an additional 69,600 shares during the period. Swiss National Bank owned […]
United Kingdom may remove all Huawei equipment from its 5G networks
Huawei has been in hot water for over a year now, with the United States blocking most trade with the company and various countries ripping out
Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]
EUR/JPY bounces off lows near 117.00
The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f
Gold Price Analysis: Trades with modest losses, downside seems limited
Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon
Bust-up over climate weighs on EU-UK talks, risks trade rifts
BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.
Monday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore
Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg
Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
JAFL Litigation Funding Partners Limited (the Company) – Press Release And Investor Update
FeltexClaimants now have until Monday 13 July 2020 to complete Stage 2 funding. The decision of Justice Dobson dated 22 May 2020 (the decision) suggests at [86] a Stage 2 trial date of 27 October 2020 for a hearing of up to 6 weeks.
LPG filling station approved
Councillors approved a planning application to convert a vacant car sales yard into a liquid petroleum gas filling station.
Business stands behind government efforts to ease restrictions
Organised business says economic recovery will require innovation and swift action.
China warns US of countermeasures over Hong Kong trading threats
US national security advisor Robert O'Brien warned Sunday that the new law could cost the city the preferential trading status it enjoys with the United States, the world's largest economy.
IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid
IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr
Coronavirus effect: 40% travel, tourism companies may shut down in 3-6 months, says report
"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts," the report said
CFTC Positioning Report: EUR net longs at multi-month lows
These are the main highlights of the CFTC Positioning Report for the week ended on May 19th: Speculators trimmed their net longs in the euro to the lo
India resumes domestic air travel after two months, several flights cancelled
Aviation industry sources said, around 82 flights -- departures and arrivals -- have been cancelled till now at the Delhi airport.
Japan will aim to shore up travel demand from late July
The government will carry out support measures to shore up demand in the travel and restaurant industries hit hard by the coronavirus pandemic, starting la
Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”
Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre
Suzuki has launched the 2020 GSX-R125 in Japan
Suzuki GSX-R125 has been launched in Japan at a price of 393,800 yen which is roughly Rs 2.77 lakh.
Moody's revises outlook on Adani Abbot Point Terminal's rating to stable
AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor
Nasdaq to Consolidate European CSD Business
Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
All markets, fairs reopening in Kyiv May 25
Access to open-air sports and playgrounds will be allowed the same day.
Queen upsets locals at Sandringham estate by building half-mile 'eyesore' kerb to stop cars parking on roadside
Her Royal Highness, 94, had the 1,000-metre kerb erected at the royal estate near King's Lynn, Norfolk. The foot-high mound has prevented visitors from parking along the grass verge near the house.
Fear of flying: Negotiating the regulations around flights sounds incredibly daunting
The sight of cabin crew kitted out in PPE will be a sight to behold, a vivid and unforgettable reminder of our dystopian new world.
USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700
The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.
Sieze LG Polymers premises, Andhra HC orders over Vizag gas leak case
The premises of the company shall be completely seized and no one be allowed to enter into the premises, including the directors of the company, the court said
Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...
Lufthansa state rescue deal agreed in principle, say sources
FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...
German business expectations pick up as lockdown is lifted
Monthly survey finds improving outlook despite pessimism over current effect of pandemic
COVID-19 Crisis Impact on Youth - Depressed, Lonely and Anxious
People in the EU aged 18-34 report being more likely to feel depressed, lonely, and anxious than those aged 35 and over. They also indicate lower levels of resilience in dealing with problems in life, and a significant decrease in life satisfaction compared to before the Coronavirus (COVID-19) pandemic.
Japan lifts coronavirus emergency in all remaining areas
Japan has so far avoided the large outbreaks experienced in the US and Europe despite softer restrictions.
Wheat procurement surpasses last year's level of 34.1 MT despite hurdles
Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year
Airbus experts to arrive in Pakistan to probe PIA plane crash
Was it a technical fault, bird-hit or pilot error?
Uttar Pradesh in grip of blistering heat, Allahabad hottest at 46.3 degrees Celcius
Day temperatures rose appreciably over Varanasi, Faizabad, and Lucknow divisions.The weatherman has forecast dry weather in the state warned of heatwave at isolated places over the next few days
Japan lifts coronavirus emergency in all remaining areas
Japan has so far avoided the large outbreaks experienced in the US and Europe despite softer restrictions.
Risk of Rain pushes hotly anticipated 1.0 launch back to August
Not that I really expect you to need a weather forecast to tell you that much.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.
India coronavirus dispatch: The chances of catching Covid-19 on a plane
From the role of a constitutional court, to why increasing indebtedness is not the wisest solution, and the chances of catching Covid-19 on a plane - read these and more in today's India dispatch
1st deadlines for laid-off workers to get health insurance
People who lose workplace insurance generally have 60 days from when their coverage ended to apply for an ACA plan.
“Pest” Wallabies Could Be Earning Money For NZ
Wallabies given a dishonourable mention in government’s recent budget as a pest needing money to combat them, could be earning valuable local and export dollars money by way of meat and hides says a hunters’ environmental advocacy the Sporting Hunters Outdoor Trust.
1st deadlines for laid-off workers to get health insurance
People who lose workplace insurance generally have 60 days from when their coverage ended to apply for an ACA plan.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore
Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg
Manufacturing of PPE, N95 mask ramped up; ensuring quality: Health ministry
The statement comes following some new reports expressing concern about the quality of personal protective equipment (PPE) coverall
Top German court grants buybacks for VW diesel car owners
KARLSRUHE, May 25 — A top German court ruled today that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other “dieselgate” cases. Judges at the Federal Court of Justice (BGH) in Karlsruhe...
Theta Fuel (TFUEL) Records 630% Weekly Gains As Binance To Support Theta Mainnet 2.0 Launch
The leading cryptocurrency exchange by trading volume and users, Binance, will support the upcoming launch of Theta mainnet 2.0 on May 27th. With the
The impact of COVID-19 on Africa
Global solidarity with Africa is an imperative.
Recovery plans unveiled This WEEK
Tough negotiations start this week on both the EU's recovery fund and its revised long-term budget, which are likely to determine the entire future of the bloc.
The future classics to buy now
Special vehicles are likely to be in demand for years to come.
Cake maker's sweet treats helping boost local spirits
A cake maker has been working to lift community spirits by selling sweat treats each week.
Fury as youths spotted spitting and vandalising social distancing sign
Residents near Fens Pool Nature Reserve have slammed the 'disgusting' behaviour
Melon-aires not required as Japan premium fruit prices plunge
Tokyo: A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst
Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever
NCDEX launches agriculture index futures, trading to start on Tuesday
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Polk CARES funding on its way to help small businesses
Help is on the way for small businesses in Polk County, as the first checks for the Polk CARES 2020 funding were mailed out Friday.
All markets, fairs reopening in Kyiv May 25
Access to open-air sports and playgrounds will be allowed the same day.
100 High Yielders Down Big: These 4 Are Worth Considering
While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc
There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study
Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.
China tests global diplomacy and economy
The country risks nations’ pushback as it moves ahead with its ambitions under the cover of COVID-19.
New payment to support Kiwis through COVID
Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development
'It's kind of glum': US farmers worry as crop prices dip
Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.
Vendors evicted from Mulungu landing site
The increased water levels in Lake Victoria left the market submerged, posing a health challenge to traders.
The Reason Target Has Those Giant Red Concrete Spheres Outside
The giant red spheres, a.k.a. bollards, outside Target's stores do help reinforce the brand's red bullseye logo, but they’re mainly there to keep shoppers safe.
Oil steadies as demand uncertainty tempers supply cuts
Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT
Japan lifts coronavirus emergency in all remaining areas
Japan has so far avoided the large outbreaks experienced in the US and Europe despite softer restrictions.
Uganda starts exporting mobile phones
The company, which employs 400 workers, is currently assembling and manufacturing 2,500 phones per day but has plans to double its capacity and recruit more workers....
Wheat procurement surpasses last year’s target
:A spectacular 55 per cent increase in wheat procurement in Madhya Pradesh as compared to the previous rabi marketing season has helped government agencies to surpass the total procurement of 341.3 la
China warns US of countermeasures over Hong Kong trading threats
BEIJING, May 25 — Beijing has warned the US that it will take “every necessary measure” to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong’s special trading privileges if China enacts a tough new security law. China plans to impose...
Business Cheers Plans to Reopen South Africa’s Economy
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters
Rejecting the order, the NCLAT said: "The impugned order making it applicable throughout the country to all the Benches of the National Company Law Tribunal is untenable one and the said order suffers from material irregularity and patent illegality in the eye of Law".
NGOs being starved of funds
Almost all big donations are now being diverted to the PM CARES Fund, as it provides 100% tax exemption and companies’ contributions to the Fund qualify as CSR
1st deadlines approach for laid-off workers to get health insurance
The nonpartisan Kaiser Family Foundation estimates that nearly 27 million workers and family members had lost job-based health coverage as of the start of this month.
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned
Flyers, airlines grapple with new rules; glitches and lack of transport on day 1 of flights resumption
Indias busiest airports in Mumbai and Delhi have cancelled close to 200 flights since last night.
MediaWorks announces 130 job losses
MediaWorks has announced that 130 staff are being redundant in its radio and sales teams.
CBIC clears Rs 11,052 crore GST refund claims since April 8
In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".
Perform Or Perish: Now, Railway Contractors’ Efficiency To Be Appraised By Project Engineers, To Boost Quality, Safety
However, performance appraisal report of all zonal contractors irrespective of value shall be filled in.
U.S. Imposes Travel Restrictions On Brazil Due To COVID-19
The entry ban affects foreigners who have been in Brazil 14 days preceding their entry into US territory.
Dollar General: Hoping That Nothing Has Changed
Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp
2 employees at Mattamy Centre Loblaws test positive for coronavirus
Two team members from a popular downtown Loblaws location have tested positive for the coronavirus.
Global stock markets confused as US and China spar, bring trade-tension to the forefront again
Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.
Beijing Warns Americans Are Pushing Countries Toward ‘New Cold War’
(Bloomberg) — The U.S. should give up its “wishful thinking” of changing China, Foreign Minister Wang Yi said, warning that some in America were pushing relations to a “new Cold War.
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...
Algeria announces 4GW plan to grow solar capacity ten-fold by 2025
Algeria plans to grow its solar generation almost ten-fold to support increasing domestic demand while boosting its position as an energy exporter.
In China's auto market, worries grow that cashback deals and gifts presage damaging price war
Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...
Upstate 19-year-old creates business to help with shortage caused by COVID-19
A 19-year-old in Gaffney saw a shortage caused by COVID-19. Hart Bridges then decided to start his own mask business called Rosleck Safety to help.
Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus
A customer wearing a protective mask enters an internet cafe at night in the Shibuya district of Tokyo, Japan, on … Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus Read More »
Fire at Bombardier plant being treated as accidental
A fire at the Bombardier Aerospace plant in Belfast is being treated as accidental.
Oil falls as US-China tensions take toll
Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from
Trapeze artist dies after falling 5ft and missing safety mat while rehearsing
Guadalupe Videla, 29, died hours after cracking her skull when she fell to the floor.
The Nigerian fraudsters ripping off the unemployment system
"Scattered Canary" group is scamming vital benefits programs amid the pandemic.
Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares
Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof
VW owners in Germany can claim damages, court rules
Court rules against carmaker for selling vehicles with manipulated diesel engines
The artisans behind Italian fashion tremble at their future
Until recently, some of most intricately embroidered fabrics in the world, like those found in garments designed by Giorgio Armani, Valentino, Etro and Prada, have come out of a duplex apartment complex in Milan, the home of a small business called Pino Grasso Ricami.
CEO buys ailing New Zealand media giant for one dollar
Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.
Frydenberg’s changes to shareholder class actions smack of ‘cronyism’, lawyers say
The move has been made using emergency Covid-19 powers and favours company directors, they say
Economic shock from COVID-19 to lead to higher indebtedness, Poloz says
Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.
Change in flight schedule catches passengers off guard at RGIA
Airport scheduled to handle 120 aircraft could operate only 39 flights
Rivers records 27 new cases of coronavirus, total now 116
Rivers State recorded 27 new coronavirus infections, one of the highest so far in the oil-rich state. The state recorded 52 cases between May 13 and 20.
Industry gearing up for normal activity
At present, many units run by scaling down production
Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown
Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.
Anti-dumping investigation on barley the only one initiated by China on Australia: commerce minister
Since China's anti-dumping and anti-subsidy investigation and relevant punitive tariffs against Australia's barley imports have recently become sources of tension, China's Commerce Minister said the investigation is the only one initiated by China on Australia, compared to more than 100 investigations launched by Australia.
Salon shop owners face a cut in earnings
Drop in customers and increase in operating costs put them in soup
VW loses landmark German case as diesel owners stand to receive damages
A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a ...
Shops across England can open next month if guidelines met, PM announces
Non-essential retailers will be allowed to open from June 15, provided the guidelines are met along with the five tests for easing the lockdown.
GBP/USD: All ears to the ground for Brexit themes ahead of June 30
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Businesses changing restrooms as they move to reopen
Businesses are now having to consider how they’ll need to change up their restrooms as they move to reopen amid the coronavirus pandemic.
Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria
The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...
The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets
Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve
IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis
V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.
Liquor shops open in U.T.
The outlets will function from 10 a.m. to 7 p.m.
Greece reopens cafes, restaurants as summer season nears
ATHENS (Reuters) - Greece allowed cafes and restaurants to reopen on Monday as part of a gradual lifting of its coronavirus restrictions to reboot its tourism-dependent economy and help draw in foreign visitors ahead of the summer season.
Nearly 10% of Bitcoin’s Current Supply is Dormant; Why This Matters
Data shows that Bitcoin may also be scarcer than previously thought, as 7.78% of the current BTC supply hasn’t been moved in over 10 years.
UBS to Create Fintech-Specific Venture Fund
UBS Group, a Swiss investment banking giant, is creating a venture capital fund with a corpus of hundreds of millions of dollars of its own fund.
Lufthansa, German government agree on rescue package: dpa
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
JetBlue Airways: Beware The Pending Capital Raise
JetBlue's 1Q commentary points to an April trough. I am less confident about JetBlue leading a recovery given its exposure to the Northeast. The ~$750 million c
Heatwave intensifies in northern India, Churu hottest at 47.5 degrees Celsius
The India Meteorological Department (IMD), which had issued a red colour-coded alert for north India for May 25-26 when the prevailing heatwave conditions are expected to peak, said dust and thunderstorms are likely to bring some relief on May 29-30.
Fear of airline bankruptcies triggered knee-jerk opening; but states not playing ball
Aviation Minister Hardeep Singh Puri's plea for 'cooperative federalism' shows that Centre anticipated some resistance to reopening domestic flights; they why were flights restarted without consulting the states?
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
Early take-off: On resumption of air travel
With no consensus on health monitoring of passengers among States, travel remains risky
With wheat harvest over, Punjab registers spike in stubble burning
Moga district has seen the highest number of farm fire incidents at 1,179 so far
Dutch court rejects attempt to stop 5G rollout over health concerns
AMSTERDAM: A court in the Netherlands on Monday rejected a suit brought by a group seeking to halt the country's 5G telecommunications network ...
Vancouver Island hasn’t seen a new homegrown case of COVID-19 in two weeks
Island’s low and steady transmission rate chalked up to several factors
Regeneron to buy back $5 billion stake held by Sanofi
(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.
On Day 1 of Last Week of Lockdown 4.0, India Reopens Skies; Sees Worst Single-Day Spike of 6,977 | 10 Points
With nearly 7,000 new cases in last 24 hours, India now has a COVID-19 count of more than 1.4 lakh, the tenth-highest in the world, overtaking Iran.
Zee office building in Noida sealed
The Zee Media Corporation Limited building in Noida’s Sector 16 has been sealed for sanitisation and access to it will be allowed only after the health team issues a fitness certificate, the District
Navajo Nation imposes 57-hour lockdown as virus death toll rises
Even essential businesses must remain closed as the entire tribe enters a strict lockdown for Memorial Day weekend.
SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?
With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.
Lufthansa, German government agree on US$9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Dancing with disinfectant: China’s nightclubs reopen as lockdowns ease
SHANGHAI – Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable
Iranian tanker docks in Venezuelan port, domestic refining rises
VALENCIA — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
More Americans turning to anxiety medication amid coronavirus pandemic
Health-research firm IQVIA found that prescriptions for anti-anxiety drugs spiked 10.2 percent in March, to 9.7 million, compared with 8.8 million during the same month last year.
USD/JPY looks to end day near 107.70 with small gains
The USD/JPY pair is fluctuating in an extremely tight 15-pip range on Monday as US investors enjoy a long-weekend in observance of Memorial Day. As of
Air travel resumes with hiccups, schools to open in July as India reports 10th highest Covid-19 cases in world
Domestic air travel resumed on Monday after two months even as India entered the list of 10 countries worst hit by the novel coronavirus after record spike in the number of cases for four consecutive days.
Canada Revenue Agency extends some trust and corporate filing deadlines
The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1
View: With the global supply chain being reconfigured, India must intelligently restructure its economy
Indias aspirations have been whetted by its improving ease of doing business, though more needs to be done.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.
Shops across England can open next month if guidelines met, PM announces
Non-essential retailers will be allowed to open from June 15, provided the guidelines are met along with the five tests for easing the lockdown.
Museveni to open face mask factory in Mukono
The company currently employs over 200 Ugandans, who have been trained in the production of face masks.
China’s crypto is all about tracing — and power
If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.
Purchase of foot-operated dispensers raises doubts
An order to purchase more than 19,000 foot-operated dispensers for hand sanitisers seems to have all the makings of a controversy. The Health Department had placed a direct order for supply of the foo
Canada Revenue Agency extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Resumption of domestic flights to help in reviving aviation industry: SOTC Travel
The resumption of domestic passenger flight services after a gap of two months is a favourable move in reviving the aviation sector, SOTC Travel said on Monday.
Tirumala laddus fly off shelves in no time
Stocks at district headquarters evaporate in no time
Segalink moves to help investors recover their debt from Wale Jana
Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he
Flight operations in Andhra Pradesh to resume today
The State government has listed guidelines for passengers and airlines in view of resumption of domestic operations in the country. An order by the Department of Infrastructure and Investments has bee
UK planning to reduce Huawei’s 5G role: Report
The British prime minister instructed officials to draw up plans under which Chinas involvement in the countrys 5G infrastructure would be scaled down to zero by 2023, according to the newspaper.
Delay in projects to impact profitability in FY21, says Cochin Shipyard
There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts
ILO expresses deep concerns over labour law suspension, tweaking to PM Modi
The ILO's intervention came after ten central trade unions escalated the issue of suspension and tweaking of labour laws with the international body through a letter on May 14, 2020.
A return with just 20 customers might not seem economic, but for Ballarat restaurants, it's a perfect start
Ballarat restaurateurs say a return to dine in with 20 people as of next Monday is a smart move
Payments for CERB top $40-billion as feds open doors for commercial rent help
Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday
Bid to 'save lives' with $21m boost for domestic violence services
Women's refuges, men's behaviour change programs and a pop-up safe house will all benefit from a $21 million domestic violence funding boost.
Nearly three-fourths of professionals prefer Work From Home option
Around 7 out of 10 working professionals prefer Work From Home (WFH) option.Further, close to 80 per cent believe that WFH could ensure clean air, and 65 per cent of the respondents call on the Govern
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Transat extends Air Canada takeover timing following European regulatory review
In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.
‘Material disclosure’ is imperative at this time
Investors need to be frequently updated on Covid-19’s impact on companies
Tamil Nadu records 805 new Covid-19 cases on Monday; employees from private firms test positive
Employees in some of the companies in and around Chennai are now reporting positive for Covid-19.Nokia Solutions and Networks India shut its Sriperumbudur plant after about 20 of its employees tested
5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore
Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a
'Local box' supports vendors
Okanagan's Craft Culture has launched The Local Box to help vendors who have felt the negative impacts of markets being cancelled due to COVID-19.
Telstra powers up 5G footprint as new spectrum comes into picture
Telstra is running ahead of schedule on building out its 5G network, with the telco saying it has extended its coverage to 47 cities across Australia.
Tortoise falls from high-rise balcony and injures seven-year-old girl
The seven-year-old's mum says she is lucky to be alive after the tortoise, weighing around a kilogram, plummeted from a high-rise block of flats as she played in the street in southern China
European pools and gyms slowly reopen but seniors wary
European gyms and pools began reopening Monday as the coronavirus lockdown eased in countries including Germany, Iceland, Italy and Spain, but some elderly patrons remained wary of taking the plunge.
Industry funds pummeled by early superannuation withdrawals
The Australian Prudential Regulatory Authority (APRA) has released its weekly update on the Morrison Government’s early release policy, which reveals that another 1,650 million funds were withdrawn in the week ending 17 May, with total withdrawals topping $10.6 billion:
EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th
Will the tax exemption for butter imports be cancelled? - Inside Israel
Finance Min. Yisrael Katz approves continued butter imports, as Agriculture Min. Alon Schuster pushes to cancel import tax exemption.
Africa Day: Covid-19 has multiplied SA’s hardships, but continent will rise – Thandi Modise
'We have faced these threats over centuries, we have not given in; we have persevered, we have grown and we shall overcome.'
Experts urge govt to lock in crude oil purchases as prices start rising
They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision
India has surplus capacity, may allow export of masks in a week: Sources
Exports of personal protective equipment (coveralls) may be considered next as far as export curbs go
Law firms, retailers pull bids for COVID-19 award changes
Employers and unions call time on new award flexibility deals to save jobs in response to the coronavirus shutdown, as restrictions continue to ease.
Virus-hit Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually zero".
Government may issue 3-4 new 10-year benchmark securities this fiscal
The government may end up issuing three or four new 10-year benchmark securities instead of the usual two it has been issuing each of the past years, as it will be borrowing more in FY21 amid the pan
'It's kind of glum': U.S. farmers worry as crop prices dip
American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic
Lufthansa, German govt agree on rescue package amid travel slump: Report
Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid
Ontario pushes back date for expanding social gatherings after spike in COVID-19 cases
Ontario's spike in the number of new COVID-19 cases has prompted the province to delay lifting restrictions on social gathering limits.
UK to Explore Self Sufficiency to End Reliance on China
The British government will make plans to reduce the United Kingdom's reliance on imports from foreign countries like China.
NZ Can Look To East Asia To Prepare For Next Pandemic
Wellington, 25 May 2020 - To prepare for the next virus pandemic, New Zealand has plenty to learn from the successes of three East Asian states, according to a summary report from The New Zealand Initiative.
New Covid-19 high as 72 more people test positive
Turkana county records the first case as new Covid-19 cases, virus now in 29 counties.
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Board diversity may be a COVID casualty
Boards must refrain from using the coronavirus crisis as an excuse to revert to old habits when it comes appointing directors, the Australian Institute of Company Directors said.
Indian innovators step up to make world class ventilators
‘These ventilators will cost only a fraction of foreign made ones’
Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan
It is a conscious decision: Pradhan
Most agritech start-ups have seen a V-shaped recovery: Omnivore’s Kahn
Omnivore, the largest agritech-focussed venture capital firm in the country, has continued to make fresh and follow-up investments in two dozen Indian startups despite the crisis triggered by the Covi
Credit score drop? How to diagnose why, and what to do next
As the pandemic hits the economy hard, lenders and credit card issuers are offering payment modification programs such as forbearance and deferrals.
Maduro Defends Iran & Venezuela’s Right to 'Trade Freely', Thanks Tehran for Help Amid US Sanctions
The first Iranian tanker carrying gasoline and the components to produce it from oil arrived in the Bolivarian Republic on 24 May, despite the two countries' concerns...
Sally Pipes: Coronavirus recovery — Want to help the economy? Don't do this
In a rush to help, the government risks hamstringing our economic recovery in the coming months.
On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures
Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors.
China to evacuate its citizens from India amid rising coronavirus cases
The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights
Pune: Doubling rate slows down, but some wards see worrying spike in cases
The percentage-wise spike was the largest in Janta Vasahat Dattawadi ward, followed by Koregaon Park Ghorpadi ward, Kalas Dhanori ward, Vimannagar Somnathnagar, Mayur colony Dahanukar Colony and Erandwane Happy Colony wards, respectively.
Day 1 of flights resumption: Airlines walk an extra mile to ensure safe ops
Domestic operations were suspended on March 24. While cargo and relief operations are underway, a majority of aircraft had to be maintained in proper condition.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.
Iranian fuel tanker docks in Venezuelan port, more underway
VALENCIA (Venezuela), May 25 — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the South American country’s El Palito refinery, the nation’s oil minister said today, and Refinitiv Eikon data showed a second vessel had entered its waters. Iran is...
First Iranian oil tanker docks in Venezuela
The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship.
Slump in consumption, exports push Germany into recession in Q1
The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.
Reliance JioMart opens online grocery service in 200 cities; key things to know
With rising demand on online grocery delivery platforms amid coronavirus lockdown, JioMart is Reliance Industries' bid to cash in on the spurt in this segment
Volkswagen agrees to compensate tens of thousands of German motorists
Leipzig court ruling opens door to claims from at least 60,000 car owners
Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get
Survey data that are beginning to come through on the main economies for May warrant careful interpretation.
Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets
Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties
IndexIQ Advisors LLC Buys Shares of 10,279 KB Home (NYSE:KBH)
IndexIQ Advisors LLC bought a new stake in KB Home (NYSE:KBH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,279 shares of the construction company’s stock, valued at approximately $186,000. A number of other hedge funds also recently modified their holdings of KBH. […]
British Columbians can book a provincial campsite starting today
British Columbians will now be able to reserve a campsite at many -- but not all of -- B.C.'s provincial parks.
Telstra powers up 5G footprint as new spectrum comes into picture
Telstra is running ahead of schedule on building out its 5G network, with the telco saying it has extended its coverage to 47 cities across Australia.
ACT grasslands and woodlands listed as critically endangered
On the advice of a panel of scientists, the ACT government said it was particularly worried about two types of area: "Natural Temperate Grassland" and "Yellow Box - Blakely's Red Gum Grassy Woodland".
Reward for information about attempt to break into vehicles at Perth repair shop
Elder and Paton High Quality Auto Body Repairs shop on Perth’s Arran Road was targeted in the early hours of May 22.
Balloch bridge roadworks to restart this week after being suspended
The Lomond Bridge works will resume.
Pound Sterling Price News and Forecast: GBP/USD looking to the upside
At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the
Gold Price News and Forecast: XAU/USD - Great Recession vs. 2020 coronavirus crisis
The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from
Swiss National Bank Purchases 138,500 Shares of Lincoln National Co. (NYSE:LNC)
Swiss National Bank grew its position in Lincoln National Co. (NYSE:LNC) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 769,805 shares of the financial services provider’s stock after purchasing an additional 138,500 shares during the quarter. Swiss National Bank owned approximately […]
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
To combat COVID-19, India adopted Intelligent Testing Strategy, says ICMR
India has now 610 laboratories — 432 public and 178 private which are currently testing 1.1 lakh samples daily. The testing capacity has been increased to 1.4 lakh samples per day, which is being further raised to 2 lakh
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
Bityard: Leveraged Crypto Futures Trading With a Regulated Exchange
Bityard’s mission is to create secure, simple, and fast crypto-asset trading services for people all over the world.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.
Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say
China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?
Banks continue to lend less even as deposit growth improves, credit growth now at mere 6.5%
Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.
Bid to 'save lives' with $21m boost for domestic violence services
Women's refuges, men's behaviour change programs and a pop-up safe house will all benefit from a $21 million domestic violence funding boost.
European regulators to take closer look at Air Canada-Transat deal
TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.
COVID-19: Work from home tensions run high in world’s biggest quarantine - India
They must contend with the unreliable internet services and power blackouts
Less than 30% of fuel depots operating – DAPPMAN
’Femi Asu Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum ...
Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report
About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.
USD/BRL: Political headwinds facing the real – CIBC
USD/BRL continued its upward trend, approaching the 6.0 mark. Luis Hurtado from CIBC Capital Markets sees political tensions and a dovish BCB to weigh
Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report
The Airbus A-320 aircraft from Lahore to Karachi was 15 nautical miles from the Jinnah International Airport in Karachi, flying at an altitude of 10,000 feet above the ground instead of 7,000 when the Air Traffic Control (ATC) issued its first warning to lower the plane's altitude, Geo News quoted an ATC report as sayi
Food inspection agency says variety of vegan chocolate bars contains milk
The agency says the allergen alert was prompted by consumer complaints
Pharma Giants Reportedly Rejected EU Proposal to Speed Up Vaccine Development in 2017
In mid-May, the European Medicines Agency suggested that a vaccine against the coronavirus could be approved in approximately a year. The forecast followed a World...
Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20
Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number
SIA investigating after pilot who flew into Bangladesh airspace couldn't give clearance number
SINGAPORE: Singapore Airlines (SIA) is investigating an incident where a pilot who flew into Bangladesh airspace was unable to provide a clearance ...
Central bank printing presses might be in overdrive, but inflation is not the real threat here
Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time
USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC
Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading
Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures
Memorial Day will take on an even more somber tone this year.
Centre’s Covid response ticks all boxes
The stimulus package addresses demand and supply issues, while boosting production to help India be part of global supply chains
COVID-19 vaccine: Top 5 Indian biotech firms developing antigens for the world
Your COVID-19 vaccine could come from one of these Indian biotech giants
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It
The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa
Fee-waivers, IELTS relaxation: What are foreign universities offering to enroll international students
From fee-waivers to online courses, from virtual tours to provisional admissions and the option to join on-campus at any time, foreign universities are luring Indian students who make the second-highest influx of international exchange. But is it a wise option to study abroad this session?
Covid-19: Nearly 80 flights in Delhi, over 20 in Bengaluru cancelled, chaos at airports on day 1
Passengers whose flights were cancelled said they did not get any prior notice from airlines.
Bayer says it makes progress in settlement talks over weedkiller
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling
Hong Kong another sideshow in a larger China drama with no final act
Australia's disputes with China are just a sidelight to a much bigger US-China struggle that is only intensifying.
Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19
TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...
Goodbye office: Is the future of work in our homes?
SINGAPORE: Wanting to create a parent-friendly workplace, Ms Joerin Yao, managing director of human resource consultancy Enable Group, has been ...
Commentary: The biggest restructuring exercise facing Singapore businesses has just begun
From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...
Cash for new homes the key to saving jobs, says industry
On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.
Domestic flight services resume in India after two months
NEW DELHI: After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states … Domestic flight services resume in India after two months Read More »
Shaping Africa’s urban areas to withstand future pandemics
Astrid R.N. Haas, the Policy Director, at the International Growth Centre explains: The power of cities comes from the number of interactions they enable, between people, firms and markets – they are centres of social interaction. For all their virtues, however, cities have a major downside. They are a fertile ground for contagion, such as …
A longer JobKeeper will keep people in fake jobs
Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.
WTI: Off daily highs, still above $33.00, as US-China tension looms
WTI drops to $33.45, down 0.6%, while heading into the European session on Monday. The black gold recently benefited from the news suggesting ease of
‘Save community from sea incursion’ - The Nation Nigeria
The Nigeria Erosion and Watershed Management Project (NEWMAP), backed by the World Bank and the Ondo State Government have begun work...
ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore
The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.
New Zealand's media firm Stuff to be sold for a single dollar to its CEO
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists
'We have to ration our meals': Malaysians share their struggles after COVID-19 left them jobless
CNA spoke to five Malaysians who were left unemployed because of the COVID-19 pandemic. It has been a daunting experience having no income to make ...
Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends
The owner of Reed has warned job losses could sweep across the country once the government's furlough scheme ends at the ends of October. More than 6m people have signed up to the scheme.
Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020
On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »
China’s trillions toward tech won’t buy dominance
Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
British Flairjet to pay N1 million penalty for Nigeria's airport violation - Official
FlairJet, a British private charter company, which is also an affiliate of Flexjet, is to pay N1 million for violating COVID-19 airport directives in Nigeria.
Best month for Brent in 21 years overshadows US-China feud
Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.
Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT
CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST
Anglogold Ashanti shuts South African mine over 164 COVID-19 cases
The mine, the deepest in the world, only re-opened in April after being shut under a nationwide lockdown, and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s
Hong Kong shares ease on China-U.S. rift, dollar firms
SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Chinese tech giant criticizes US for 'politicizing business'
BEIJING — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.
Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic
Reports lower H1 earnings, defers dividend.
ExplainSpeaking: Watch for signals at airports and rail stations – and at the LAC
The intrusions by China at three places on the LAC will test the nerves of India's strategic and diplomatic community.
There were fears packed Tokyo could become a hotbed for the virus
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl. Compared with hard-hit areas in Europe, the United States, Russia and Brazil, Japan has been spared the worst of the
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...
New face of banking: Millennials prefer robot bankers to humans
Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19
Central Equity, Failli family selling $200m of greenfield sites
The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.
‘Cognizant determined to emerge stronger from Covid crisis’
Thanks to a strong balance sheet, close partnerships with associates/clients, and digital imperatives, says Brian Humphries
Survey shows majority of youths agree Covid-19 stimulus package can boost economy
KUALA LUMPUR, May 25 — The majority of youths feel the Economic Stimulus Package will counter the impact of the Covid-19 pandemic and boost the national economy. A survey conducted by the Institute for Youth Research Malaysia (IYRES) from April 14 to 24 found that 97. 2 per cent of the 2,928...
Japan's ANA leads way as masks become new normal in virus-era air travel
From June, All Nippon Airways will require all passengers to wear face masks inside airports and aboard aircraft.
EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s
The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou
Coronavirus | Lockdown extended till June 30 in Himachal Pradesh’s Hamirpur, Solan
Hamirpur has reported the highest 63 virus cases while 21 people have tested positive for the infection in Solan till now.
Pubs take legal action against FBD over Covid insurance
Over 1,000 pubs and bars are affected by a dispute about whether or not their insurance policies with FBD Insurance Plc cover the disruptive impact of Covid-19 on their businesses, the Commercial Court has been told.
CLT Grants Go Where Increased Need Is
“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.
Volkswagen loses landmark German case as diesel owners stand to receive damages
The ‘dieselgate’ scandal has so far cost Volkswagen more than $32.7 billion in damages and regulatory fines
35,000 who had been recieving Pandemic Unemployment Payment returned to work last week
Assistant Secretary General at the Department of Taoiseach Liz Canavan said that while 579,000 people remain on the €350 per-week payment introduced at the beginning of the outbreak, 35,900 returned to work in the last week.
China defends tariffs on barley
In the latest salvo in the ongoing barley tariff war, China's Commerce Minister claims Australia was "subsidising" the grain and says the tariffs were based on evidence.
Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut
The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances
Aldi checkout worker pays for Hamilton customer’s shopping after her card was declined
AN ALDI checkout worker generously paid for a Hamilton customer’s shopping after her card was declined. Store Assistant Julie at the Hamilton Aldi, Wellhall Wynd, came to the rescue when a shopper…
Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy
RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.
Income Tax Saving: How your spouse can help you save taxes
Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving income tax. Here is how.
EU eyes first face-to-face summit in months to haggle over budget
European Commission to propose blueprint for € 1tn multiannual financial framework
Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus
The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14
South African public-sector wage dispute moves to arbitration
JOHANNESBURG, May 25 (Reuters) - Early attempts to resolve a wage dispute between the South African government and public-sector trade unions have failed and the dispute will now move to arbitration, according to the bargaining chamber where such wage disputes are heard.
Cleaning crews ready for reopening in post-pandemic US
Tables, chairs, counters, doors: reopened US businesses and restaurants will have to focus on thorough disinfecting if they want to lure customers, and cleaning companies are preparing for an explosion in demand.
Nigeria’s GDP rises by 1.87% in Q1 2020
Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy
4 flights with 448 passengers land in Imphal
Four flights with 448 passengers including two minors landed at Imphal airport on Monday, the first day of resumption of the domestic flights amid the increasing COVID-19 positive cases in Manipur. Four new positive cases were reported in the state in the last 24-hour taking the total number of COVID-19 cases to 36.
Eight hundred billion reasons to be careful: SA’s Covid-19 rescue package
The social relief and economic support plan presents a real test of government’s commitment to tackling corruption.
Violent fight filmed breaking out on plane after ‘one passenger touches another’
The scrap broke out on the Ural Airlines Airbus A320 which had social distancing in place after the plane had flown from the Black Sea resort Sochi to Russian capital Moscow
Horgan welcomes news Ottawa will be pursuing paid sick leave
B.C. Premier John Horgan is applauding news that the federal government is looking at ensuring 10 days of paid sick leave for workers.The premier has been advocating for a national sick-leave program. . .
Dawn Meats reopens plant supplying McDonalds burgers
Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets
Investing in Spanish Nissan factory cheaper than closing it: Spanish official
(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
GBP/USD: Near-term downside risks into mid-year – CIBC
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El
Coronavirus lockdown: First flight arrives in Jaipur from Bengaluru
After the restart of domestic flight operations, the first aircraft arrived at the Jaipur airport from Bengaluru on Monday morning. The Air Asia flight with 23 passengers on board landed at 0830 hrs,
3 Travel and Tourism Stocks Poised for a Bull Run
The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.
Coronavirus lockdown extended till June 30 in Himachal Pradesh's Hamirpur, Solan
Hamirpur has reported the highest 63 virus cases while 21 people have tested positive for the infection in Solan till now.The district magistrates of Hamirpur and Solan issued orders Monday extending the curfew in their areas up to June 30
CERB payments hit $40B
A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.
Vermilion Energy president and CEO Anthony Marino steps down from company
CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.
USD/JPY: Downside potential is limited
The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer
Bank holiday sunshine - and it’s set to continue, with forecasts of a warm, dry June
After today’s sunny bank holiday, a long warm, dry spell looks set to continue - with little rainfall expected for East Anglia during June.
Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks
This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
The changing face of the billionaire classes
Is Europe becoming more American in its wealth creation as the US becomes more European?
India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo
The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said
German Startup Creates Ocean Platform to Generate Power from Waves, Wind, and Solar
A German startup has created a prototype of an impressive hybrid ocean platform that can harness power from wind, waves, and solar separately as well as all together.
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
BMTC introduces flat bus fare system in Bengaluru to replace daily passes; system aimed at minimising contact during travel
The BMTC's new flat fare system will minimise contact in buses during travel amid the coronavirus pandemic
Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief
In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive
Crashed Pakistan plane's pilot ignored 3 warnings to lower altitude: Report
Crashed Pakistan plane's pilot ignored three warnings from the air traffic controllers about the aircraft's altitude.Instead of lowering the altitude, the pilot responded by saying that he was satisfied
Under strict rules, India resumes domestic flights after two months
West Bengal urged government to postpone resumption of passenger flights to Kolkata as it focuses on rescue work of Cyclone Amphan
New emissions blow for VW as German court backs damages claims
KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%
SmartCentres, SNC and Telus see insider buying
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC
RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.
China says virus pushing US ties to brink of 'Cold War'
Fresh tensions between Beijing and Washington emerged as virus restrictions continued to shape and remake lives around the world, and in very different ways.
COVID-19: 15 restaurants closed in Saudi city of Jeddah for flouting hygiene rules
Other food outlets warned; aim is to ensure safety of food and public health
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy
Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role
Vermilion says it has created an executive committee to run the company instead of replacing Marino
EUR/CHF: SNB looking to contain Swiss franc action – CIBC
The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
S&P 500: The market is not going to fall off a cliff again – Charles Schwab
Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if
Andy Palmer to quit as Aston Martin CEO after shares plunge
Will be replaced with Mercedes-AMG CEO Tobias Moers
China warns of new Cold War as US blacklists more firms
The US decision to add 33 Chinese entities to a trade blacklist risks potential retaliation from Beijing as tensions between the world’s two biggest economies deteriorate further.
Dodge closes Caravan order books at the end of this month
FCA will close the order books on the long-serving Dodge Grand Caravan minivan at the end of the month, with production set to end shortly thereafter.
Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses
Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law
Boost for zero-emission sources as global capital backs Indian solar power
The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent
German business morale rebounds in May as corona restrictions are eased
The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.
Bayer reaches agreement in 125,000 US cancer lawsuits
Pharmaceutical giant reportedly does deal to end inherited costly legal battle
Govt asks RBI to remove sugar from negative list as virus hits consumption
Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears
Bayer says it makes progress in settlement talks over weedkiller
Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer
Still A Lot Of Value In Corporate Bond Market
Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev
Toot toot! Afterpay runs into index day
Beware the Afterpay train this week.
Flash PMI Shows Japan On Course For Record Downturn In Second Quarter
Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde
Fractional Shares: Why It’s in the News
Have $5? Then you could start building wealth today.
Tesco announces two big changes to Clubcard scheme - and it's good news
The supermarket is giving shoppers more time to retrospectively add Clubcard points to their accounts - while those who have already claimed them will have an extra year to use them up
Town hall back in business
The Township of Spallumcheen is back open for walk-in business.
Deep Dive: Preventing Financial Crime Amid The COVID-19 Pandemic
This Deep Dive explores the methods bad actors are leveraging to scam bank customers and the methods FIs are using to stem the tide of fraud.
JEE Main, NEET 2020 admit card, exam timing details revealed by NTA
For NEET, NTA had earlier extended the last date to make corrections in applications. As per an IE report, HRD Ministry had also asked the NTA to double the number of test centres so that one can maintain the social distancing norms.
Apollo's Ventia asks for $1.6b, five banks on board
Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market.
Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan
The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister
'South African companies that employ foreigners must not open'
South African opposition party The African Transformation Movement (ATM) says South Africa must impose a strict economic sector regime that will see certain ind...
New Zealand's largest media company being sold for just $1 to its CEO
Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge
India moves to ban Zoom over privacy concerns
Since the start of the coronavirus pandemic, Zoom has gained popularity around the world but the company has been under a microscope due to a number of security
Erosion of fiscal federalism in the times of Covid-19
As the Centre steamrolls policies on cash-strapped States, the fiscal demands the current pandemic have put extraordinary pressures on State finances
MTN and Airtel Uganda re-introduce 50% discount on Person to Person and Mobile Wallet to bank transactions – Techjaja
MTN and Airtel Uganda will effective from 26th May 2020, re-introduce a 50% discount to standard tariffs for 30 days on all Mobile Money an
China space program targets July launch for Mars mission
Beijing has invested billions of dollars in its space program in an effort to catch up with its rival the United States and affirm its status as a major world power.
POST COVID-19: Relocate dry dock to open up economy in N’Delta – PANDEF, UNDEDSS
THE Pan Niger Delta Forum, PANDEF and the United Niger Delta Energy Development Security Strategy, UNDEDSS, Monday, restated calls for...
CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs
he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds
US tech execs have dumped $3.6 billion in company stock this month
Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.
COVID-19: Over N10 billion approved for health intervention grants - CBN
Mr Okorafor said the applications covered two broad categories under the COVID-19 intervention programmes in the healthcare sector.
German sentiment survey boosts stocks, Europe focuses on recovery fund
LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
Singapore Reports 344 COVID-19 Cases in 24 Hours, Nationwide Tally at 31,960
Singapore is gearing up for the end of its "circuit breaker" period next week, Channel News Asia reported on Monday.
PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari
The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days
France promises ‘significant’ pay hikes for health workers
PARIS, May 25 — Prime Minister Edouard Philippe said today that health workers would soon get hefty pay increases as part of an overhaul of France’s hospital system in response to the coronavirus crisis. “I can say without any ambiguity, the increase will be significant,” Philippe said...
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
Office supply wholesaler Spicers Ireland is rescued from liquidation
The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock
Japan eyes fresh $930b stimulus, to end Tokyo's state of emergency
Japan is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies.
N.L. launches $25-million program to support tourism sector hit by COVID-19 pandemic
Small and medium-sized tourism operators can apply for one-time funding contributions of $5,000 or $10,000, depending on their gross sales
Government allows private jets, charter flights on domestic routes
India Business News: The ultra rich can once again jet around the country in their luxury private or charter aircraft. The aviation ministry from Monday allowed domestic a
Waste segregation units crop up on banks of Vrishabhavathi again
They allegedly burn waste at night, and also dump it along the banks of the river
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent
CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi
The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.
Report reveals Pak pilot ignored three altitude warnings before crashing
PTI Karachi The pilot of the Pakistan International Airlines (PIA)’s crashed plane ignored three warnings from the air traffic controllers about the air
Fandom appoints Zirca Digital Solutions as a media partner for the Indian market
Zirca will work toward maximising Fandom’s advertising revenue potential, build the brand’s presence, as well as expand its pool of demand partners
Lufthansa has good prospects for future: German ministries
BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
Punjab, MP lead the way as wheat procurement tops last year's level
The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.
Malls lose Rs 90k cr in 2 months: SCAI
IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t
Precious Metals: Panic Buying Is Unsustainable
Herding behavior can sustain rallies, but the extreme in PMs is unsustainable. Gold rallies hardest when it garners the least attention. Physical buying indicat
Home, auto loan borrowers top beneficiaries of moratorium relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment
More than 1,000 pubs have an interest in FBD ‘test case’, court told
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report
Pakistan News: KARACHI: The pilot of the crashed Pakistan International Airlines plane ignored three warnings from the air traffic controllers about the aircraft's a.
Sberbank: The Downside Is Limited
As Russia’s flagship bank, Sberbank already felt the pain of the virus, as its Q1 earnings results showed a staggering decline in its profits. Nevertheless, Sbe
Book sales soar as French lockdown eases
A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.
Watch: Scenes from airports across India on Day 1 of resumption of domestic flights
The resumption of air travel came with a few hiccups in the first few hours itself as several flyers took to social media to register their grievances against airlines, particularly Air India. Several people travelled long distances only to find that their flights had been cancelled.
Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer
Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Bharti Telecom to sell $1 bn stake in Airtel through block deal
IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco
French carmaker Renault could close plants and cut jobs, says union
PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...
Time to hike edible oil import duties: SEA
As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p
ILO expresses deep concern at ‘suspension’ of labour laws
Appeals to Modi to uphold international commitments
Heat wave drives Delhi’s peak power demand to season high of 5,268 MW
Expected to touch last year’s peak of 7,409 MW by July: Tata Power-DDL
Engineers want the Government to increase spending to stimulate the economy
The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.
Rushed Log Legislation Deserves The Chop
Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.
Zee News’ main building in Nodia sealed after 6 more test positive for COVID-19
Zee News Media Corporation's main building located in Noida Sector-16 has been sealed for sanitation and containment of the novel coronavirus pandemic after six more people tested positive for COVID-19, said a report in bestmediainfo on Monday.
Lufthansa says Germany approves stabilization package
FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.
Dozens of Chinese companies added to US blacklist in latest Beijing rebuke
The blacklisted companies focus on artificial intelligence and facial recognition, markets that US chip companies such as Nvidia Corp and Intel Corp have been heavily investing in.
Nissan says preparing to gradually restart Mexico operations
The automaker will begin with vehicle and autoparts manufacturing activities
‘Over 1,000’ pubs have interest in Covid-19 insurance test case
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
As flights resume, passengers settle into new normal despite cancellations
All major airlines such as IndiGo, Air India, SpiceJet, Air Asia and others operated 30% of their regular schedules between destinations, strictly adhering to the safety protocols set by the Ministry of Civil Aviation.
US company trials coronavirus vaccine candidate in Australia
CANBERRA, Australia (AP) — A U.S. biotechnology company began injecting a coronavirus vaccine candidate into people in Australia on Tuesday with hopes of releasing a proven vaccine this year. Novavax...
China hits out at US for blacklisting firms
China condemned the US for adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate furth
With presence of Chinese troops, India increases troops' strength in Ladakh
Sources in the Indian Army said that the Chinese have moved in troops and heavy vehicles across the Line of Actual Control near the Pangong Tso lake
Digitex Futures Integrates Chainlink’s On-chain Price Oracles for Added Transparency and Reliability
Digitex Futures, the DGTX token powered, zero-fee cryptocurrency futures trading platform has announced a partnership with Chainlink to integrate the latter’s d
UK, Nigeria pledge to sustain trade relations amid CoVID-19
With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment
States pitch for maximum permissible use of Consolidated Sinking Find
Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds
CMCO: Roadblocks throughout Malaysia tightened despite no attempts at interstate travels, says Bukit Aman
KUALA LUMPUR, May 25 — There were no attempts by highway users to make interstate travels on the second day of the Hari Raya Aidilfitri celebrations, said Bukit Aman Traffic Investigation and Enforcement Department director Datuk Azisman Alias. “Most of the vehicle movements were within the...
CBIC clears Rs 11,052 cr GST refund claims since April 8
The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.
EU watchdog hopeful most banks can absorb €380bn pandemic hit
Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority
Factbox: EU recovery fund - the battle lines
BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.
Memorial Day 2020: Save up to $179 on DJI Osmo Pocket and Osmo Action & Charging Kit
Memorial Day 2020: Save Up to $179 on DJI Osmo Pocket and DJI Osmo Action & Charging Kit During the Ongoing Summer Sale. Action Sold Out
Mexico's monthly trade deficit hits $3 billion due to virus
Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%
Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable
Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev
Home appliances remain immune to Covid, lockdown relaxation boosts demand
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
Nepal to widen scope of COVID-19 testing as cases surge: PM K P Sharma Oli
Nepal on Monday registered its highest single-day spike in the coronavirus cases with 79 new infections, taking the total COVID-19 tally to 682 in the country.
Life insurance firms record 45% degrowth in April, but post-COVID future bright
Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief
In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.
As lockdown starts opening up, sales of immunity boosting foods double; FSSAI issues guidelines
Sales of immunity-boosting foods have shot up by an estimated 20-40%. Online searches for such products have gone up six-fold, with ayurvedic home remedies, giloy and vitamin C dominating, according to a report by Google.
DBB: Reopening Economies Could Lead To More Upside For Base Metals
DBB has recovered rather slowly since it reached its lowest since February 2016 on March 23. In contrast with equities, base metals have not enjoyed a fast rebo
City aims to slow streets
Vancouver is considering plans to repurpose 50 kilometres of roadway in an effort to create more space for restaurant patios and lines outside of businesses, as well as walking and cycling, during the COVID-19 pandemic.
B.C. Parks online reservation system back in business
British Columbia campers can reserve their favourite campsite in a provincial park as of today.The province’s online reservation system opened for bus
Binance Adds ETH and XRP Options Contracts
Crypto exchange giant Binance announced on Monday the addition of Ethereum and XRP options trading facility.
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
Domestic flights resume at Coimbatore International Airport
Three services touched down from Delhi, Chennai and Bengaluru
China links Australia barley tariffs to past trade disputes
Beijing defends Australia barley tariffs but links move to past trade cases against China.
Markets advance on hope of restrictions being eased globally
Subdued volumes traded on world markets as London and New York closed for holidays
Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand
Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.
Barcelona look to raise €70m in sales to balance books, club open to exits from group of six stars
Who will depart to offer financial relief?
Sberbank Buys 5,000 Blockchain ATMs as Russia Ponders Criminalizing Crypto Use
Sberbank is buying contactless blockchain-powered ATMs. This comes after a bill was proposed to penalize companies that use crypto.
Can’t Resist Splurging On Online Shopping? Here’s Why
The demand for online shopping has obviously increased since COVID-19 restrictions were put in place.
British billionaire twins at war over London’s Ritz hotel and family’s fortune
The brothers, who spent decades avoiding media attention by isolating themselves on an island in the middle of the English Channel, are now front-page news due to the latest part...
BA planning to rehire sacked staff on worse terms, union says
Unite accuses airline of using coronavirus crisis as cover for betraying its workforce
Ontario offers loan of up to $500M to lottery and gaming corporation
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
China accuses US of triggering 'new Cold War'
FM Wang says fast-spreading 'political virus' in US is using every opportunity to 'smear' China
Atlassian: Recent Rise And Premium Valuation Put Me On Sidelines For Now
Atlassian reported a strong Q3 earnings with revenue growing 33%, well above expectations for only ~28% growth. However, management provided Q4 revenue guidance
Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog
European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau
Digital Banking: Monzo, Starling, and Revolut Make it Much Easier to Open Accounts, According to a Recent Review
Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, whi
IHCL extends meal distribution for COVID-19 workers by a month
Indian Hotels Company Ltd. (IHCL) of the Tata Group has announced extension of its free-of-cost TajSats meal distribution programme for COVID-19 frontline workers by another month. Puneet Chhatwal, MD
HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout
Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.
Domestic flights resume from Ahmedabad, Surat airports
As per officials of Airport Authority of India, a total of 13 domestic flights arrived and 15 left from Sardar Vallabhbhai Patel International (SVPI) airport in Ahmedabad on Monday, as air travel restrictions have been relaxed for travel within India in the fourth phase of lockdown.
Jet Airways offers two Boeing aircraft for evacuation of stranded Indians
Jet Airways could supply up to four aircraft for evacuation missions within a reasonable period of time.Jet Airways has been grounded for a year due to lack of funds
Indian Motorcycles Offering Discounts Of Up To Rs 6.7 Lakh
The discount is valid on select BS4-compliant motorcycles manufactured in 2019 that are registered by the company in Haryana and under the company’s own name
L3Harris Technologies: Steady Growth Yet Insulated From COVID-19 And The Economy
The recent merger of L3 Technologies and Harris Corporation created synergies that are driving cost savings and increasing margins. As a defense contractor, the
Best online flower delivery services: beautiful bouquets delivered straight to your door
Send a gift to a loved one or enjoy fresh flowers that come straight to your home address. We've rounded up the top sites for flower deliveries including Interflora, Moonpig and Bunches
Coronavirus news: N-95 mask prices fall 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit, but prices have been reduced after the advisory by the NPPA
CREDAI seeks restructuring scheme to revive realty sector
Also wants new home loans extended at 5% rate of interest
Bank of America Boosts Splunk (NASDAQ:SPLK) Price Target to $208.00
Splunk (NASDAQ:SPLK) had its price objective lifted by Bank of America from $175.00 to $208.00 in a report published on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the software company’s stock. A number of other research analysts have also recently commented on the company. SunTrust Banks dropped their price target on […]
Edo power sector opens for competition - The Nation Nigeria
With the completion of the installation of 33KVA lines and a sub-station at the Edo State Secretariat complex, the much-awaited 55MW CCTEC-Ossiomo...
Gold Price News and Forecast: XAU/USD is consolidating gains at the start of the new trading week
XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break
Ethiopian Airline denies evacuation of Nigerians from Canada
Ethiopian Airlines yesterday denied having any existing contract to evacuate stranded Nigerians from Canada. According to the airline, it
US limits travel from Brazil amid worsening coronavirus outbreak
Brazil has the second-highest number of confirmed coronavirus infections in the world — trailing only the United States — with more than 350,000 cases and 22,700 deaths.
Canadian economy entering ‘unknowable times’ because of downturn from pandemic, Poloz says
Bank of Canada Governor says said the most pressing danger stemming from this uncertainty is that it could fuel serious deflationary pressures
M&M organises service support for its vehicles on essential services
Also comes up with finance schemes for frontline staff
Bankers Stay Home as South Africa Inc. Prepares Return to Work
Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week.
Americans Are Rushing To Book Vacations In Re-Opened States
The uptick is also good news for the states, as taxes from these rentals can be a large revenue source for states
Chief Executive of Ghana Commodity Exchange, Dr Kadri, says they are working to reverse the drop in trading due to COVID-19
The Chief Executive of the Ghana Commodity Exchange (GCX), Dr Alfa Kadri has said that they are working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations.
Venturing out in Lockdown? You may face difficulty in motor insurance claim
Although partial movement of people has been allowed in COVID-19 free areas, the lockdown has not been withdrawn completely yet.
Delhi's Rail Bhavan to be shut again after staffer tests positive for COVID-19
Rail Bhavan will be closed for two days for sanitisation starting May 26 after a staffer tested positive for COVID-19
Coronavirus India Update, May 25: Cases near 1.40 lakh; lockdown extended till June 30 in Himachal’s 2 districts
Coronavirus (Covid-19) India Latest Update, May 25: The total number of infections in India rose to 1,38,845 on Monday. Of these 77,103 are active, while 57,720 patients have been discharged.
ECB Facing Testy Stimulus Debate After Call to Scrap Limits
The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.
Ontario offers loan of up to $500M to lottery and gaming agency
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Rail Bhavan Closed Again After Another Staff Tests Positive Coronavirus
An employee of the Rail Bhavan in Delhi tested positive for the novel coronavirus on Monday, leading to the closure of all offices of the Railways Ministry for the next two days, the second time in less than a fortnight.
A GST cut can put auto sales on fast track to revival
The question is whether there will be adequate demand and, more importantly, what the government can do to encourage sales. Mint takes a look
Area under gingelly expected to increase in Tiruchi district: official
The area under gingelly is expected to increase by about 200 hectares in Tiruchi district this year, thanks to a push given to oil seed cultivation under the Targeted Rice Fallow Area (TRFA) Oil Seeds
COVID-19: Reps seek enforcement of local content in all sectors of economy
ABUJA-In what appears like a proactive way of tackling an anticipated harsh economic weather in the post COVID-19 pandemic era, the House o
Five business groups urge Ontario to halt commercial evictions during pandemic
Ontario Premier Doug Ford has previously declined to freeze commercial evictions
Flight services re-start in Kalaburagi
Operations of domestic passenger flight services at Kalaburagi Airport which were suspended on March 12 to contain the spread of coronavirus resumed with the landing of a Star Air flight here on Monda
BTC Dominance Signals Abrupt End to Crypto Altcoin Season
Altcoins across the crypto market may be seeing a pullback according to a buy setup on BTC dominance charts signaled by the TD Sequential indicator.
Welfare recipients facing five-month delays to exit cashless debit card scheme
Data shows that of the 859 application lodged since September, only 30 have been accepted
Long lines and huge wait time, the new face of air travel
For passengers taking their first flight post the lockdown, air travel has been tedious but most are just happy to be home.What also differed is the passenger experience depending on the state to which they travel
Shaktikanta Das differs with govt over IMF's $500 billion rights plan
RBI governor backed IMF’s plan to issue fresh SDRs for helping crisis-hit members.Fresh SDR issue would have helped least developed and developing nations facing a forex crisis
Domestic flight services resume at Tiruchi airport
IndiGo flight with 66 passengers from Bengaluru lands; airline cancels services on Chennai sector; passengers scanned on arrival
COVID-19 breathes hope into the future of cars as buyers shun mass transit
The global pandemic has given the automobile a chance at a revival as consumers become increasingly concerned about catching an illness on public transport.
Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May
The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.
WHO announces it will temporarily suspend hydroxychloroquine trials for COVID-19 treatment, Business Insider - Business Insider Singapore
Business Insider - The study's steering committee met over the weekend, agreeing to suspend enrollment while gathering data about the safety and efficacy of the drug.. Read more at businessinsider.sg
562 Stranded Kashmiris Return Home In Six Flights
Over five hundred Kashmiris stranded in various parts of the country reached Valley on Monday in six flights, as the domestic flight operations resumed today, two months after Pan-India lockdown was imposed on March 25 to fight coronavirus pandemic
Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal
Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus
The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.
New Eagles’ contract delights Rohr - The Nation Nigeria
Though Rohr is recalcitrant about revealing details of his contract, sources close to the German told NationSport of readiness to resume duty after...
Delhi-Pune, Mumbai-Patna, Ahmedabad-Delhi among first flights to take off as domestic air services resume after two months
Indian skies will open up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry sources said
Mexican auto industry groups urge Puebla state to allow operations to restart
MEXICO CITY — Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.
Pak plane crash: Pilot ignored warning about flight height from air traffic
The A320 Airbus was carrying 91 passengers and eight crew members from Lahore to Karachi on PK 8303 when it crashed in a residential area near Karachi Airport
UK bailout schemes could create coronavirus debt trap, warn banks
Fear businesses could face paying billions in loans just as they try to recover from pandemic
Coronavirus Live Tracker: India records highest ever spike of 6,977 COVID-19 cases, 154 deaths in 24 hours
Coronavirus (COVID-19) Tracker India
Japan set to lift coronavirus emergency as cases slow
Rest of World News: Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after
Energy efficient lighting being rolled out in Moorabool
WORKS have commenced on upgrading almost 2000 public lights in Moorabool Shire, to be both more energy and cost efficient. Powercor recently began the three m...
Japan’s Uniqlo to make masks using underwear fabric
TOKYO, May 25 — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a...
Lockdown 4.0: With strict rules, aviation sector limps back to normalcy as domestic flights resume
Mumbai: Indian skies opened up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry...
Second Iranian Tanker 'Forest' Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows
The second tanker follows the first of five Iranian vessels carrying an estimated total 1.53 barrels of gasoline between them. The first vessel, the 'Fortune'...
Mumbai airport commences operations after two months; first flight departs for Pune
Domestic flights resume operations after 2 months: The first flight departed from Mumbai airport to Patna at 6:45 AM today. The first arrival flight to Mumbai departed from Lucknow at 8:20 AM. Both flights will be operated by IndiGo
AUD/USD Price Analysis: Upper end of the contracting triangle caps gains
The AUD/USD pair is currently trading largely unchanged on the day at 0.6530, having faced rejection at 0.6550 during the early Asian trading hours. T
Malaysia and Singapore to continue coaction to beat Covid-19 pandemic, says republic's senior minister
SINGAPORE, May 25 — Being close neighbours, Singapore and Malaysia will continue working together in overcoming this difficult Covid-19 pandemic period, said the republic’s Senior Minister Teo Chee Hean. “The unique situation we are facing this year has reminded us of the closeness of our...
Kyoto hotels hit by 89% slump in foreign stays as pandemic takes toll
Visitors from East Asia, where the virus took hold from the start of the year, plummeted even further.
Bengaluru airport introduces 'contactless journey' to contain Covid-19
According to the BIAL, the features include pre-entry process, where the passengers have to wear masks and carry e-boarding or printed passes
Business sentiment rises but Covid-19 concerns persist
‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland
Never let a good crisis go to waste: How our food sector can save NZ's economy
The world will always need food, and New Zealand is enviably positioned to capitalise on this, writes future foods expert Rosie Bosworth – but we need to take a few big steps first. It’s a bittersweet moment for New Zealand. As a nation we’ve collectively worked hard to successfully flatten the
India Inc goes back to work with safety measures, strict 'no AC’ rule & plenty of social distancing
These business leaders share the protocols they have set in place as they reopened their workplaces.
Food inspection agency says variety of vegan chocolate bars contains milk
The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.
Coronavirus India lockdown Day 62 live updates | May 25, 2020
Data from Johns Hopkins University show that the total number of cases in India has surpassed that of Iran and India now has the 10th highest number of confirmed cases worldwide.
Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
Vizag gas leak: Andhra Pradesh HC directs to seize premises of LG Polymers
"The premises of the Company shall be completely seized and no one will be allowed to enter including the Directors of the Company," the Court directed
Must start Rs 1,000 per month transfer now: Abhijit Banerjee and Esther Duflo
In a conversation with each other at online version of Jaipur Literature Fest on Sunday, Banerjee said that India could help in mass production of the Covid 19 vaccine, when it is developed, but cautioned that in the absence of one, India is set to see another lockdown since cases were only rising.
Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
Japan's Uniqlo to make masks using underwear fabric
TOKYO — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.
FMF, others list strategies to curb impact of coronavirus in real estate
Following the impact of the coronavirus pandemic on the real estate sector, stakeholders including five chief executives in the mortgage finance industry have move to cushion the effect on the average Nigerians seeking decent and affordable housing in the country.
Test Research upbeat about 1H20
Test Research (TRI), which provides automatic test and inspection tool solutions, has landed a pull-in of orders for networking and server applications since the fourth quarter of 2019. The order pull-in momentum is expected to persist throughout the first half of 2020, according to the Taiwan-based company.
Asian shares climb, Tokyo gains on hopes for reopening
TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.
Senior markets operative jumps ship to MST Financial
Gerard Satur's MST Financial has made another high-profile hire.
Campari: Stock Is Too Expensive As Restaurants Remain Closed
First impact from COVID-19 could be seen in Q1 results, where profit halved compared with the same period last year. Further drop in sales and profit is expecte
One of New Zealand's largest media organisations is being sold for just $1
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.
Eid in lockdown: Jama Masjid to remain closed for devotees
In the presence of existing restrictions, the usual hustle-bustle seen during Eid is missing in markets.People in Ranchi said that they will celebrate Eid keeping in mind all lockdown guidelines and norms
Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers
Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.
South African mine closes after over 100 workers test positive for COVID-19
The 4km-deep mine will now be deep-cleaned.
Fiji Airways terminate 775 staff: 'Devastating' airline sackings highlight the need for travel bubble
Fiji Airways' decision to let go nearly 800 staff due to the Covid-19 pandemic highlights the importance of establishing a Pacific "travel bubble" as soon as possible, an aviation expert says.
Insider Trading? OmiseGo (OMG) Surges 200% Just 15 Minutes after Coinbase Listing, but then Crashes Immediately
San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020. The OMG token price surged 200% in only 15
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl.
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.
UK's Sunak authorises bailout to rescue strategically important companies
Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options
Asian shares climb, Tokyo gains on hopes for reopening
Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.
Ghana close to easing virus restrictions
The country banned social gatherings on March 15.
Japan to end Tokyo’s state of emergency, eyes massive new stimulus
World’s third-largest economy has escaped an explosive coronavirus outbreak
Another Digital Bank to Launch in the Philippines, as Government Aims to Offer Virtual Banking Services to Filipinos Working Abroad
An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed
Asia stocks mostly up on lockdown easing but Hong Kong extends losses
HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...
Globalfoundries to implement ITAR and strict security assurances at New York fab
Globalfoundries has announced plans to implement export control security measures at its most advanced manufacturing facility, Fab 8, in Malta, New York. GF will bring its Fab 8 facility into compliance with both the US International Traffic in Arms Regulations (ITAR) standards and the Export Administration Regulations (EAR), making the company the most advanced ITAR foundry in the country.
Gold rates today hikes in Delhi, Chennai, Kolkata, and Mumbai - 25 May 2020
Gold rates today on 25 May 2020: Gold rates have increased by a slight margin on Monday. These gold rates have been on rise after a fall for the last couple of days.
Japan to end Tokyo's state of emergency
TOKYO, May 25 — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions today, while the Nikkei reported a plan for new stimulus worth almost US$1 trillion (RM4.36 trillion) to help companies ride out the coronavirus pandemic. Social distancing curbs were...
UAE Exchange Centre starts refunding customers - but many still wait for their money
Many transactions had been delayed for two months as company seeks a way out
Reliance Industries launches JioMart service across cities, offers discounts: Here's how to buy groceries, place an order
Customers can now log on to the newly-launched website jiomart.com to place an order
Oil falls as US-China tensions take toll
Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.
COVID-19: Hundreds test positive at meatpacking plant in Brazil
SAO PAULO: Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company ...
Covid-pushed business spike sends fintech ClearTax on hiring spree
At a time when most business giants are stuck in firing dilemmas, India's fintech bellwether player ClearTax is getting busier on its hiring spree.
Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4
All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.
Global shares up as recovery hopes overshadow virus worries
TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...
All you wanted to know about tax deductions in times of Covid
Only employer can decide to cut TDS later in the year
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200
Analysts are now noting that there is a chance this recent Bitcoin decline marks a “huge bear trap” that could be followed by further upside.
Testy moment for Ministry of Agric - The Nation Nigeria Newsa
The jobs were signed, sealed and delivered by the contractors. They expected their contracts’ sums to be released to them. But, some two years later..
Care workers should be better paid and valued after Covid-19 – poll
Fawcett Society survey shows support for income-tax increase to fund pay rise
Quarantine plan would devastate aviation sector
Sir, – As an island nation and open economy, we are dependent on aviation as a critical artery for the life-blood of trade and tourism for our future prosperity.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
ILO concerned over states’ move to ease labour laws, urges PM to intervene
The International Labour Organisation (ILO) has expressed ‘deep concern’ over the way some state governments are trying to modify relevant laws to ease labour regulations, and has requested Prime Minister Narendra Modi to intervene and ask states to uphold the country’s international commitments on the labour front.
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
China to further crack down on manipulation of financial market
China has strengthened the effort to crack down on manipulation of financial markets in an effort to prevent and resolve financial risks, according to China’s top Chief Justice.
Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900
Bitcoin has seen much of its recently incurred technical strength degrade over the past 48 hours, and one analyst is now targeting $5,900
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...
Mexican Power Utility Wants Immediate Price Hike for Rivals
(Bloomberg) — Unfazed by criticism it is unfairly blocking renewable energy projects, Mexico’s state-owned utility is doubling down on demands for regulators to protect its market share.
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
No exceptions: all B.C. drive-ins limited to 50 vehicles
All drive-ins are expected to restrict the number of vehicles to 50, including Enderby’s Starlight Drive-in.“It’s a challenging situation
Godrej CEO: Focus to be on driving growth as margins are quite reasonable
Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 days of March.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Rural Ahmedabad: 35% of Covid cases from industries
Two employees, one each from Intas Pharmaceuticals and Zydus Cadila tested positive for the virus, taking the number of positive cases to 170 in rural Ahmedabad, where 35 per cent of the infected are working in industrial clusters, according to officials.
Manhattan Beach moving ahead with retail reopening
Even before the state announced it would let retail stores reopen, Manhattan Beach was moving forward with its plan to allow small shops to operate.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Covid-19 tests and PPE to be delivered to island via drone
The deliveries, which usually involve a 45-minute ferry crossing, will be cut to around 15 minutes.
'We just want some help': Drought-stricken Hauraki Plains farmers
Farmers on the Hauraki Plains are banding together and holding socially-distanced shed meetings, as they fight the worst drought seen in the area in decades.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
'Companies remain fundamentally bad at risk management'
The COVID-19 pandemic has highlighted gaps in the way many organisations deal with risks in their business, especially around cyber-security.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Las Vegas, travel industry in uncharted territory amid pandemic
Airlines and airports are taking steps to convince the traveling public that flying is no more dangerous than going to the grocery store.
Covid-19 tests and PPE to be delivered to island via drone
The deliveries, which usually involve a 45-minute ferry crossing, will be cut to around 15 minutes.
Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance
This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).
California opens places of worship, in-store retail businesses -health officials
California retail with in-store shopping and places of worship that were closed under one of the most restrictive coronavirus containment rules in the United States may now open, health authorities announced on Monday.
Hindustan Zinc Rating: Buy — A steady performance in the quarter
But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating
China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report
Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money,
Transat extends Air Canada takeover timing following European regulatory review
TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.
As flights resume, more passengers leave than arrive in Mumbai
24 flights depart from city, while 23 land; seven airlines carry 4,852 passengers to and fro; highest passenger load to Delhi
ASX to open higher, $A steady
Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.
Passengers left fuming as flights get cancelled at KIA
Airlines said some cancellations were owing to curbs imposed by other States on arrival of flights
Hotel owners fight to save jobs during COVID-19 crisis
As we speak, hotel occupancy rates have plummeted to less than 5% in the entire country
Cancellation of flights creates chaos at airports
PTI New Delhi India’s domestic flight services resumed on Monday after a gap of two months but a large number of last-minute cancellations by airlines t
IPG Photonics: Buy On Weakness
IPG owns one of the safest and strongest balance sheets in corporate America. The long-term trend of rising demand for lasers of all types puts the wind at your
Newmont Corporation: Digging Into The Q1 Results
Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above
Australian Prime Minister Rolls Out Plan to Save Economy as China Slaps Tariffs on Country's Exports
Trade relations between the two geographic neighbours reached a new low as Beijing banned several Australian beef-exporting companies and slapped an 80% tariff on the...
Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.
Memorial Day sales roundup: The best tech on sale
Memorial Day may look a little bit different this year, but it's still a chance to save. Here are the best Memorial Day sales right now.
FBD plans to ask court to delay cases taken by most publicans
Insurer FBD says it intends to ask judges at the Commercial Court not to hear additional legal actions taken against it by publicans who say their cover is not being honoured, until a case now underway is decided one way or another.
Quarantined investors create ‘perfect storm of stupid’ (Plus, a TSX stock skyrocketing on the shift to remote working)
A roundup of investment ideas for active investors
Realme Power Bank 2 released: 10000 mAh + 18W two-way fast charging
Realme Power Bank 2 released: 10000 mAh + 18W two-way fast charging. This new power bank from Realme is sold for Rs 999 ($13).
New Bank of Canada Governor Faces Stagflation, Rosenberg Says
Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.
Online games could be source of money laundering, B.C. public inquiry hears
A public inquiry into money laundering in British Columbia has heard that cash is still king but cryptocurrencies and other virtual trade could rise as a trend.
China decides to evacuate its citizens from India amid rise in Covid cases
The move to evacuate its citizens comes in the wake of India emerging as the 10th worst-hit country by the deadly virus, which has infected nearly 1.40 lakh people in India.
“City of darkness” no longer – AfDB supported electricity project lights up Juba
The $38 million Juba Power Distribution System Rehabilitation and Expansion Project is almost completed according to a release by the AfDB.
As GDPR turns two, some are doubting the Irish Data Protection Commission's ability to enforce rules
It's been two years since the European Union's General Data Privacy Regulation (GDPR) went into effect, with sweeping changes to how companies are able to handle customer data. It's also inspired similar rules that were adopted in the US, such…
Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
EU to announce green strings for post-pandemic funding
The European Union is due to announce economic recovery plans which could be up to one trillion euros and wants to pull Europe out of the crisis with green measures.
3 flights land at Dabolim with 95 passengers on Day 1
NT NETWORK Vasco Domestic flights resumed after two months at the Dabolim airport on Monday. However, due to lack of response from the passengers, the air
50 flyers opt for COVID-19 test
NT NETWORK Panaji The state government on Monday said that out of the total 113 passengers who landed in Goa by three different flights and a transit trai
French nursing homes employees take to streets in protest
Facing anger from healthcare workers, President Emmanuel Macron promised a "massive" investment plan for France's public health sector.
Turbulent take-off for airlines amid last-minute changes in schedules
Only 532 of the scheduled 1,095 flights take off as airlines revise schedules to align operations with curbs put in place by states, leaving travellers fuming.Many passengers had to return from airports as airlines did not inform on cancellations until just a few hours before boarding
Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact
Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over
Taxis, autos allowed to ferry passengers to and from airports, train stations
Easing of curbs to benefit city
Europeans Save Less, Spend More As Economy Lags
European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.
With distancing, sanitising & warnings for passengers, Pune airport opens with caution
The first day after the two-month hiatus saw 17 flight movements at the Pune airport till 8 pm. According to Airports Authority of India officials, 1,657 passengers arrived or departed from the airport by 8 pm.
CRA extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
PCCI supports cut in corporate taxes
The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.
Coronavirus: West African farmers count losses, fear for worse - Report
The farmers say the response to the pandemic has affected everybody because all activities have slowed down
COVID-19: Dubai Tourism, stakeholders discuss strategies for industry revival
Emirates commenced passenger flights between Dubai and nine destinations from May 21
WHO warns 'immediate second peak' of coronavirus threatens countries that reopen too soon
The World Health Organization said on Monday that parts of the world where coronavirus infection rates are declining may face an “immediate second peak” if they prematurely loosen restrictions to s…
Gold Price Analysis: XAU/USD meets a plateau as global CODVID curve peaks
The price of XAU/USD is at $1,727.88, -0.45 and has sunk from a high of $1,735.67 falling to $1,721.61 on the day. Gold is a complicated mix of deflat
Outdoor markets and car dealerships will reopen from next Monday
The prime minister announced that from from June 15 non-essential shops will also be allowed to reopen.
GCash registrations increase by 250%
Globe Telecom Inc. saw an increase in mobile wallet users amid the enhanced community quarantine in the country.
Capturing The Trend In Cryptocurrencies
Bitcoin's price volatility reaches 6-year high. The upward momentum of cryptocurrencies can create enormous returns on investment, but the downside risk is subs
Petrol pumps closed in different areas of Karachi over lack of supply
The pumps have been closed down due to depletion of petrol stocks
Covid-19 in Tamil Nadu: 35 flights at Chennai airport Monday, state sees 805 new cases
In the highest single-day jump in the state, 805 new cases were recorded in Tamil Nadu on Monday. While briefing the media via video conferencing, state health minister C Vijayabaskar said 88 per cent of the Covid-19 cases in Tamil Nadu are asymptomatic.
121 electric co-ops comply with order to help consumers
The Philippine Rural Electric Cooperatives Association Inc. said Monday the 121 electric cooperatives in the country complied with all the directives of regulators to protect the interests of consumers during the enhanced community quarantine period.
Arista Networks: Free Cash Flow To Drive The Stock Back To $300
Arista Networks displays a stellar balance sheet and juicy net profit margins. Discounted cash flow model points towards a return to $300/share, with prudent gr
Hazy Start: Time didn’t fly for airline passengers on Day 1
Passengers, masked and gloved, in hazmat suits, had to deal with glitches and sudden rule changes.
Amphan damages nearly 3 lakh hectares of farmland in Bengal
Cyclone Ampan has dealt a severe blow to the agriculture sector in West Bengal. The storm damaged nearly 3 lakh hectares of farmland in the state. Bengal is now staring at a huge financial loss in
Domestic flights take off amid chaos, confusion
New Delhi: Passengers were seen harried across airports, including the national capital's Indira Gandhi International Airport (IGIA), on Monday as many domestic flights were cancelled due to the limit...
Federal government launches hotline to offer businesses advice amid COVID-19 pandemic
The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.
Prices Of N-95 Masks Fall 47% After Pharma Pricing Body's Advisory: Government
Leading manufacturers and importers of N-95 masks have reduced prices by up to 47 per after regulator NPPA stepped in to ensure the availability of this respiratory protection device at affordable rates in the country, the government said on Monday.
UCD academics call for virus safety incentives for businesses
Study shows businesses that invest in workplace safety 20% more likely to ‘go under’
Karachi Plane crash: Airbus A320's flight data recorder recovered from crash site
The critical piece of equipment would prove useful in determining the cause of the accident
SA's corruption fighters may be crippled as justice sector faces cash crunch over Covid-19
The fight against corruption may falter while the country deals with the Covid-19 pandemic, as a budget cut of R1.7 billion is being "bandied about" for the already perennially cash-strapped justice sector.
SA Express liquidators seek more powers for asset sales to free up cash
Liquidators might launch a court application for the extension of their powers so they can sell SA Express assets, cancel aircraft leases and solicit or assess bids for the airline by potential buyers. The powers would enable them to free up cash to pay the airline’s creditors, who are owed more than R2.5bn.
India announces 10 additional repatriation flights from Qatar
Doha: India has announced 10 additional flights as part on the ongoing repatriation mission from Qatar. Air India and Air India Express will operate the additional flights.
French nursing homes employees take to streets in protest
Facing anger from healthcare workers, President Emmanuel Macron promised a "massive" investment plan for France's public health sector.
Redundancies pitting workers against each other
New Zealand and immigrant workers are being pitted against each other as South Island businesses wield the axe over thousands of jobs. Unions say...
Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds
Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com
Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales
How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.
Heatwave intensifies in India, Churu hottest at 47.5 deg C
Heatwave intensifies in India, Churu hottest at 47.5 deg C. The India Meteorological Department, which had issued a red colour-coded alert for north India for May 25-26 when the prevailing heatwave conditions are expected to peak, said dust and thunderstorms are likely to bring some relief on May 29-30.
British cheesemakers call on consumers to buy Stilton as sales plummet 30%
The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.
Bank of Canada head: inflation could return to target more slowly
Bank of Canada head: inflation could return to target more slowly
India registers biggest single day spike of 6,977 COVID-19 cases
India registers biggest single day spike of 6,977 COVID-19 cases. Total tally rises to 1,38,845; death toll climbs to 4,021
Airbus team to arrive in Karachi today to investigate plane crash
The European aerospace company will run an independent investigation into the plausible reasons for the crash
Nigeria fines UK airline for violating Covid-19 travel ban
The plane had been approved strictly for humanitarian operations.
RCMP facing ‘systemic sustainability challenges’ due to provincial policing role
Provinces, territories and municipalities pay anywhere from 70 to 90 per cent of the cost of the RCMP’s services
Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?
Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...
Hyderabad firm launches advanced version of e-procurement tool
Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.
630 cancellations as domestic flights resume in India
630 cancellations as domestic flights resume in India. According to aviation industry sources, around 630 domestic flights of Monday were cancelled due to the Centre's Sunday night announcement that there would be no flights in West Bengal and Andhra Pradesh, and limited operations at major airports such as Mumbai, Chennai and Hyderabad.
Domestic flying resumes at RGIA
Two months after suspension of air operations due to the Covid-19 lockdown, domestic flight operations resumed at RGIA on Monday.
Shops to remain open till 6 pm from Wed
SHILLONG: The East Khasi Hills Deputy Commissioner has informed that the listed retail shops, ration shops and others will remain open in Shillong urban agglomeration from May 27 to 30 from 9 am to 6 pm.The number of selected shops has been substant
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Fighting Covid-19: TMH initiates sample pool technology for testing
Tata Main Hospital (TMH) over the last one month, has conducted 1650 Real-time Reverse Transcription–Polymerase Chain Reaction (RT-PCR). diagnostic test for COVID-19. In view of the increased demand for testing as a result of migrant workers reaching Jamshedpur, TMH has initiated sample pool
Canada's banks to cement status as solid investments in a crisis
Canada's banks to cement status as solid investments in a crisis
L&T Rating: Buy — A modest showing in the final quarter
FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained
Responding to the Covid economy Part 1: Understanding supply and demand shocks — Ong Kian Ming
MAY 25 — It has been more than 2 months since the 18th of March 2020, which was the start of the movement control order (MCO) in Malaysia. The full extent of the negative economic impact domestically will not be known for a few months. But as we approach the 9th of June, 2020, and hopefully, the...
New push to allow South Africans to access their retirement funds during coronavirus lockdown
Trade federation Cosatu has submitted an urgent request to Finance minister Tito Mboweni, to allow workers to access part of their retirement fund savings for coronavirus financial relief.
Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore
The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.
Phillip Chiyangwa’s family hits back ahead of imminent arrest
From the Group CEO of The Pinnacle Property Holdings Limited – Mr Edmund Chiyangwa
Chandigarh aims to plant 2.55L saplings in 2020-21
The 2019-20 Greening Chandigarh Action Plan had a target of plantation of 2.53 lakh trees. The forest department managed to achieve the surplus task by planting and distributing 2.80 lakh plants.
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
Zimbabwe fuel crisis set to worsen
DESPERATE motorists are set to endure more anguish at fuel pumps, after authorities admitted at the weekend that they were struggling to get foreign currency to import petrol and diesel.
Dr Reddy’s Rating: Neutral — A strong performance in the quarter
FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives
China condemns US blacklisting dozens of its firms
China condemned the U.S. adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate further.
BSE, NSE shut today on account of Ramzan Id
On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.
Tiger Brands looking at 'significant' job losses as it counts cost of pandemic
Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.
Crashed PIA plane's pilot ignored 3 warnings to lower altitude
The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's altitude and speed before the landing, saying he was satisfied and would handle the situation, according to a report on Monday. The national flag
India sees biggest spike in COVID-19 with 6,977 cases
India registered biggest single day spike of COVID-19 cases for the fourth consecutive day on Monday with 6,977 new infections
Nordic investors turn up heat on coal in climate campaign
Nordic investors turn up heat on coal in climate campaign
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.
India user base grew 120%; focus on developing culturally relevant products: Snapchat
Snap Inc Managing Director (International Markets) Nana Murugesan said the company has been expanding its team in India
US unemployment rate could rise to above 25% - Goldman Sachs
Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. Th
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
China demands US withdraw sanctions on tech suppliers
China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.
Tyson Foods worker, 44, dies after long battle with COVID-19
An employee at the Tyson Foods plant in Waterloo, Iowa, died Monday after battling the coronavirus during a six-week hospitalization that was chronicled and widely followed online.
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%
Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.
Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore
The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.
H&J Smith looking to close stores
H&J Smith Group says it is considering closing stores in the South, affecting 175 staff, as it tries to secure its long-term future.
Drone Deliveries In Canberra Surge 500%
Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery volumes.
Ethiopia records highest daily Covid-19 rise with 88 new cases
Thirteen are said to have travel history from abroad.
80% Shramik trains head to UP, Bihar
At least 80 per cent of 2,813 Shramik Special trains run by the Indian Railways are destined for various destinations in Uttar Pradesh and Bihar till May 24. Railways said nearly 60 per cent trains, originated from Gujarat, Maharashtra and Punjab, are mainly destined for Uttar Pradesh and Bihar.
South African taxpayers to pay for ban on cigarettes and alcohol: expert
The South Africa Revenue Services (SARS) has predicted that it will lose around 15% to 20% of its tax revenue this year as a result of the nationwide Coivid-19 lockdown.
Newmont Stock Has Doubled. Is It Still A Buy?
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.
EU’s top diplomat urges ‘more robust strategy’ toward China
European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States as the center of global power.
Business leaders urge caution on return-to-workplace approach
SOME business leaders are urging companies to examine their individual situation, and hav...
Global shares rise on hopes for economies' gradual reopening
Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20
Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.
Govt's wheat procurement surpasses last year's level of 34.1 million tonnes despite COVID-19 hurdles
Wheat procurement target has been set at 40.7MT for the 2020-21 marketing year. Although the wheat marketing year runs from April-March, the bulk of procurement is normally done in the first three months.
Gold Down Over Escalating U.S.-China Tensions
Gold Down Over Escalating U.S.-China Tensions
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Stock Market Boost: Unemployment Outlook Shifts To Positive
The unemployment trend, no longer rising, now looks ready to decline
Cape Town based online retailer gets R100 million investment
Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.
Pandemic Receding, Investors Review The Fallout
But if we are dealing with this come July, markets are going to reassess big time.
China Will Use Its Digital Currency To Compete With The USD
Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany stamps authority on Lufthansa with $9.8 billion lifeline
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.
Starting small may lead students to bigger things
Learning how to build tiny houses could set up Dunedin trainee builders for bigger things. The Dunedin Training Centre will offer a new Level 3...
The big growth leap: Covid gives India the opportunity to get growth without massive investment
Covid gives India the opportunity to remove a 70-year incubus and get growth without having to invest massively.
Rand steadies, stocks open lower
At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.
1st deadlines for laid-off workers to get health insurance
Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.
Here’s how many cases South Africa’s top coronavirus hotspots have
As South Africa moves to level 3 lockdown from 1 June, government will take a differentiated approach to deal with those areas that have far higher levels of infection and transmission, says President Cyril Ramaphosa.
Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
South Africa to further ease lockdown
President Cyril Ramaphosa announced a further easing of South Africa's coronavirus lockdown from June 1, allowing the vast majority of the economy...
Grocery prices start to soar
Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.
Bengaluru Airport resumes operations with ‘contactless’ experience
A contactless ‘parking-to-boarding’ experience has been introduced at Kempegowda International Airport Bengaluru…
Dollar holds advantage as Hong Kong tensions test risk-wary investors
Dollar holds advantage as Hong Kong tensions test risk-wary investors
Here’s how much Curro’s new online school costs – with applications now open
Curro Online, the new offering from private school group Curro, will go live in mid-June with applications open to all from Monday (25 May).
Green shoots for drought-hit agricultural stocks
With many agricultural firms at multi-year highs it is easy to see why attention is on the sector. But investors must pragmatic about the cyclical challenges.
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
Tanzania finally allows export of mineral concentrates
The government has issued an export permit for all the 277 containers full of gold and copper concentrates which had been held in Dar es Salaam since 2017.
Buy Colgate ; target of Rs 1520: Motilal Oswal
Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.
Resumption of flights: It's chaos for passengers
Most of the complaints are from Air India passengers
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...
CSMIA operates 47 flights to 14 destinations on May 26
These 47 flights were undertaken by seven domestic carriers, Mumbai International Airport Ltd ( MIAL) said in a statement.
Avoid low-interest COVID-19 personal loans, unless strapped for cash
This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals
Australia gives companies a six-month break from earnings forecasts
Australia gives companies a six-month break from earnings forecasts
TAB makes more than 200 staff redundant
The TAB is informing staff of job losses today after a proposal to cut hundreds of roles due to the Covid-19 downturn.
Nigeria fines UK airline for violating Covid-19 travel ban
Nigeria has fined a UK airline $3,300 for illegally running a passenger service into the country during the Covid-19 travel ban.
RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
Earnings Estimates Decline Further, Pushing Stock Market Valuations Even Higher
Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, SPDR S&P 500, Apple Inc. Read Michael Kramer's latest article on Investing.com
Zulu assures SA that R350 special COVID-19 grant will be paid this week
Unemployed South Africans are desperate for the money and the Department of Social Development seems to be struggling with the distribution of the fund.
Barrick pays Tanzania initial $100 million after gold shipments resume
The government had imposed a ban during a tax dispute.
Transfer Rs 1,000 to each Indian per month: Abhijit Banerjee and Esther Duflo suggest Centre
Esther Duflo said India was already in a position to start universal basic income quickly as it had the Jan Dhan accounts-Aadhaar-mobile system in place.
Gold Price Analysis: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday.
Domestic flights take off amid chaos, confusion
Passengers were seen harried across airports, including the national capital's IGIA, on Monday as many domestic flights were cancelled.
Safaricom retains top position as East Africa's most valuable firm
Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out
Estonia sees 20%-drop in foreign tourists in Q1
As the effects of COVID-19 spread and related restrictions become visible in quarterly statistics, in the Estonian tourism industry a drop over 20% of foreign visitors in the first quarter of 2020 has been recorded in statistics from the Bank of Estonia as quoted by ERR.
HomeCapital gets fresh funding from Varanium NexGen, others
Startup helps homebuyers with a down payment assistance programme
Union minister Piyush Goyal's interpretation of an 'Atma Nirbhar Bharat'
Business leaders from across sectors interacted with Union Minister for Railways and Commerce & Industry, Piyush Goyal, during the current edition of India Today's e-Conclave 2020 Jumpstart series.
Bharti Telecom to sell $1 bn stake in Airtel
Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.
Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media
Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st
Covid-19 gulps EABL profits down by all of $28.7m
The brewer issued a profit warning following Covid-19 regulations to close bars.
Productivity over meetings: Survey reveals what developers want to be more productive at work
During the survey, when developers were asked what they would need to achieve 100 percent productivity at work, 70 percent of developers opted for fewer meetings.
Safaricom retains top position as the most valuable firm in the region
It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.
Australian dollar to the moon as freedom dies
See the latest Australian dollar analysis here:
371.67 lakh quintals of sugarcane procured in Hry
Haryana Cooperation Minister Banwari Lal on Sunday said that in the current crushing season 2019-20, all ten cooperative sugar mills of the state have procured 371.67 lakh quintals of sugarcane by May 21. The procurement is made after spending an amount of Rs 1262.54 crore, for which the payment
Allow higher workforce for factories in green, amber zones to meet rising demand: Parle Products
Restrictions on number of workers in factories located in green and amber zones, specially for food products companies, need to be relaxed as meeting demand will become difficult and can lead to scarcity, according to a senior official of biscuits major Parle Products.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Job searches for remote work jump 377% during February-May
In wake of the coronavirus crisis, job searches for remote work in India have soared over 377 per cent during February to May, reveals a recent report by job portal Indeed. Job seekers are ready to take a salary cut in order to have access to remote worki
US lethal cases reach 97 700 as spread seen as slowing down
In the US, which is the country with currently the highest number of lethal cases of COVID-19 in the world, the death toll from the novel coronavirus has reached 97 722 on Monday, May 25, according to the data of the Johns Hopkins University.
Chandigarh: 13 domestic flights to take off from Chandigarh from today
The Chandigarh Airport will resume operations with total 13 domestic flights from Monday onwards in a phased manner. Flights to Srinagar, Delhi, Mumbai, Leh, Bangalore, Dharamshala, Ahmedabad, will be starting operations.
Pilot and instructor turn back the years
The aviation industry is facing a grim time, but its people are helping to keep spirits alive, says a long-time Dunedin flying instructor...
Toyota Kirloskar Motor to resume manufacturing operations from May 26
The company officials are closely monitoring and evaluating the situation to gradually ramp up operations, the company added.
British Airways converts B777-200 for passenger-cargo use
The carrier is the latest in a series of airlines to operate passenger-cargo (or ‘preighter’) services in the absence of passenger demand…
Disney+ Gains 2 Million Oz Viewers In First Four Months
According to the latest data from Roy Morgan, Disney+ had attracted 2 million viewers in Australia by end-March, only four months after the streaming service entered the local market.
3rd batch of US locomotive to arrive Alexandria in June
The third batch of 20 U.S. locomotive will arrive at Alexandria Port after Eid al-Fitr vacation, at the beginning of June.
China points direction for post-pandemic world – The Global Times
The Global Times reports that China is "pointing out the correct direction - improving and reforming globalization; upholding multilateralism - for th
SA wine industry still reeling from effects of exports ban
Wine exports were prohibited for five weeks during the strict national lockdown under level 5.
Prices of N-95 masks down by up to 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.
Brace for long battle as new swarms of locusts fly into S. Sudan: UN agency
The surge may not be controlled by June.
Old-fashioned milkman makes the rounds as US shoppers stay home
South Mountain Creamery says it saw an almost tenfold increase in new home delivery customers over a single weekend in late March when stay-at-home measures due to the COVID-19 pandemic started in the region.
COVID-19: Underground production to remain halted at AngloGold’s Mponeng Mine
The gold miner announced on Sunday that 164 workers tested had positive for COVID-19 at the operation.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
'Air travel will come back much bigger'
'Air travel will come back much bigger'. 'The safety regulations drastically reduce the chances of contracting the virus on a two-hour flight.'
NASDAQ Awaits Other Indices To Follow Its Lead; V-Recovery In Place (For Now)
Stocks Analysis by Declan Fallon covering: S&P 500, US SmallCap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Garbage generation rises again with resumption of activities in Doon
The garbage generation in Dehradun which had dropped by about 35 per cent during the initial phases of the lockdown has started to increase once again. During the complete lockdown, all the commercial activities like shops selling non- essential products and services, private offices and other
Deploy Bear Call Spread strategy in Nifty as weakness expected to continue
Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.
EU must present united front to shield pandemic-hit banks: regulator
EU must present united front to shield pandemic-hit banks: regulator
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
One-stop spot for fresh vegetables
SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d
On its deathbed, tourism needs local touch to revive
As industry has no way to revive itself, state govt thinks of concepts that can make it get going As most sectors resume businesses following the easing of lockdown, tourism and hospitality sector is .
EUR/USD Price Analysis: Peeps above 1.09, but range play continues
EUR/USD is looking to begin the week on a positive note. The pair is currently trading at 1.0905, representing marginal gains on the day. However, des
Buy Essel Propack; target of Rs 200: Motilal Oswal
Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.
Michiganders hold $50M in unredeemed bottle, can deposits
Fifty million dollars is a whole lot of dimes.
'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'
With more rate cuts expected, we expect bond yields to remain soft in the near term.
CYRIL RAMAPHOSA: COVID-19 has revealed Africa's strengths
The continent's experience with communicable diseases such as Ebola and TB has put it in a strong position to deal with COVID-19.
Military continues to boost Hawaii economy during virus
U.S. military spending continues to be a pillar of Hawaii's economy as the Department of Defense has so far proved resistant to the financial impact of the coronavirus.
Angel investors examine exit options in Egypt after end of holding period
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
China's low-orbit broadband communication satellite bears fruitful results
China's first technology experiment satellite for low-orbit broadband communication has completed more than 180 communication tests and generated fruitful results, according to its developer Friday.
Buy Strides Pharma Science; target of Rs 421: ICICI Securities
ICICI Securities is bullish on Strides Pharma Science has recommended buy rating on the stock with a target price of Rs 421 in its research report dated May 21, 2020.
Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%
The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.
Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr
Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.
If you invested R100 in these companies on 1 January 2020, here is how much you would have today
Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.
Pandemic has increased money anxiety. Therapists hope to cure that
Interest in financial therapy rose after the 2008 recession, as Americans confronted their fears about money. The field has become relevant again, professionals say
Gold Trading Along Last Week’s Lows
Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com
Dunedin no longer to be port of call for ship
A shipping company carrying about 15% of the container volume through Port Otago has decided to stop coming to Port Chalmers. The ship Xin Zhang...
Still A Lot of Value in Corporate Bond Market
Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c
Report From Italy – How Consumers Act As Retail Reopens
I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
About 2.4 lakh 'Tirupati laddus' of the hill shrine of Lord Venkateswara at Tirumala near here were sold on the first day of sales at subsidised price in headquarters of 12 districts in Andhra Pradesh on Monday, a temple official said.
Karachi: Four succumb to wounds caused by gas leakage explosion
The unfortunate incident took place on May 15 due to gas leakage in a faulty air conditioner
Industry insider reveals the true impact of the lockdown on the South African travel industry
An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.
TTD move to sell properties kept in abeyance by AP government
The AP government has on Monday kept in abeyance a move by the TTD to sell 50 properties as per its resolution dated January 30, 2016.
Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%
Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.
Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’
Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...
iCE3 Exchange gets Callpay Instant Deposits
South African cryptocurrency exchange iCE3 has launched an additional integrated EFT payment gateway on its platform.
Mauritius records 2 new COVID-19 cases after month-long lull
The Indian Ocean island nation initially surged ahead of other East African countries in terms of caseload, hitting a peak of 332 just shy of six weeks into its outbreak.
Dunedin no longer to be port of call for ship
A shipping company carrying about 15% of the container volume through Port Otago has decided to stop coming to Port Chalmers. The ship Xin Zhang...
India sharply cuts exposure to US govt securities to $156.5 billion in March
In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.
Food prices go up in West Bengal due to Cyclone Amphan
The cyclone has hit supplies and prices of most vegetables have spurt by 20 to 30 percent and will soar further, vendors said.
Tata Motors' JLR seeks COVID-19 support package in UK: Reports
Tata Motors owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.
The one thing these great ICT companies have in common
There is one thing top South African IT and telecommunications companies have in common.
No bad bank yet: Govt plans reforms in asset recast space
The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.
Deal struck to dismantle blockades at Manitoba Hydro site, Indigenous group says
SPLIT LAKE, Man. — A Manitoba Indigenous group says there’s a deal with the province’s Crown-owned hydro utility to remove blockades set up over fears that workers could introduce COVID-19 to an area around a multi-billion dollar hydroelectric project.
Acceptance of tech will lead Australia’s business transformation
To throw light onto the other side of the COVID-19 canyon, AFR Magazine seeks out those who have proven they can see beyond the horizon – and Rethink.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
F1 News: Aston Martin set for first major change since Stroll takeover
Aston Martin looks set to make its first major management change since the arrival of investor Lawrence Stroll earlier this year, with CEO Andy Palmer tipped to be replaced
Flight to Q'town: Passengers break 'every rule' in 5 mins
Two months' worth of difficult social distancing could have been blown in five minutes by other impatient flyers, an Air New Zealand passenger...
Tech revolution: Human touch will be irreplaceable in financial services
With the help of technology and greater access to content Indian financial markets are moving from a push market to a pull market.
Bata India Q4 net profit down 57% to Rs 38 crore
The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.
Thermal scanning, contactless frisking as local flights take-off
Between 40 and 45 flight arrivals and similar number of departures will take place at Sardar Vallabhbhai Patel International Airport as domestic flights resume
All About The Bitcoin Halving
Bitcoin just underwent a halving, the third in the cryptocurrency's history, on March 11. Every transaction in the entire history of Bitcoin is recorded on ever
Rally likely in oil prices but upside may be capped on uncertain demand outlook
We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.
CBIC clears Rs 11,052 crore GST refund claims since April 8
The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
Over 200k workers could lose their jobs in WC due to COVID-19 - Treasury
The provincial Treasury Department head David Savage said of the over 200,000 job losses predicted, several came from the tourism industry.
Number of flight bookings at airBaltic up nearly 500%
Latvian national airline airBaltic reports that compared to the first full week of May, last week the number of new bookings made on airBaltic flights increased by nearly 500%. In total, last week passengers made more than 13 000 new reservations, according to airBaltic communications manager Alise Briede.
Consumer Spending And Demand Has Changed Due To The Pandemic
The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.
Slump in consumption, exports push Germany into recession in first quarter
Slump in consumption, exports push Germany into recession in first quarter
Merkel's conservatives want stimulus package to include tax relief: document
Merkel's conservatives want stimulus package to include tax relief: document
Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.
US prohibits travel from Brazil for foreigners
The US said it was prohibiting most non-US citizens from travelling to the country if they had been in Brazil in the last two weeks, two days after Brazil became the country with the second highest number of coronavirus cases in the world.
Govt procures 110 lakh metric tonnes of wheat
Due to global pandemic Corona, this time the Government had to implement lockdown, but the hard work and the spirit of the farmers of the State was the highest this time. This is the reason that this time in the history of Madhya Pradesh, the highest number of wheat purchases was recorded. In
Bowers & Wilkins: Bonus Speakers With Home Cinema Bundles
Bowers & Wilkins is upgrading home cinema packages to 7.1 channels when a 5.1 channel speaker system is purchased, giving away two bonus speaker channels or a subwoofer with certain models. This high-value offer ends 30th June 2020.
China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19
China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...
Mexican auto industry groups urge Puebla state to allow operations to restart
Mexican auto industry groups urge Puebla state to allow operations to restart
Hijackers and thieves are also heading back to work in South Africa
Statistics from the vehicle-recovery sector show that crime levels are getting back to normal as the lockdown is relaxed, says Charles Morgan, operations executive at Netstar.
Zimnat launches novel inflation linked funeral cover
HARARE-One of the oldest financial institutions in the country, Zimnat Life Assurance has launched an inflation linked funeral policy, Gadziriro/Lungiselelo ZWL$ Funeral Plan the first of its kind in Zimbabwe, which provides for regular review of covers and premiums on a regular basis.
Michael Terpin Patiently Waited For A Teen To Turn 18 To Sue Him
As indicated by The New York Post, popular crypto investor Michael Terpin purposely held up until the teenager who took nearly $24 million of digital currency by means of a SIM-Swapping turns 18 so as to indict him. Terpin, who lodged a suit against Pinsky earlier this month, claims that…
Jobs galore under afforestation drive in Telangana
Forest Department has undertaken afforestation work by digging staggered trenches, dovetailing employment guarantee scheme to provide employment to workers.
Mogale City workers protest over lack of PPEs and non-payment
It is understood the workers were promised COVID-19 compensation fund and overtime payments, which were due on Monday.
Thai central bank governor Veerathai will not seek 2nd term
Thai central bank governor Veerathai will not seek 2nd term
Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra
According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.
Almost 90 jobs go from Invercargill licensing trust
Eighty-seven of ILT's 606 workforce will be made redundant after staff restructuring due to Covid-19 impacting the hospitality sector. ILT chief...
'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'
Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.
bidorbuy helps South African businesses get back to work
bidorbuy is making it easier for businesses in different sectors to plan for when they may be permitted to reopen.
Chaotic Sunday forces customers, airlines to re-draw plans for flight resumption
Constant changes in schedules and confusion over protocol underline the chaos over resumption of flights on May 25
Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on
South Africa’s richest people recover some lockdown losses
South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.
Cree Stock Headed Below $35?
Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...
WWE Raw Results: News, Notes As WWE’s Live Crowd Upstages AEW’s; Mysterio To Retire
WWE Raw results, news, notes and business analysis on Memorial Day, May 25, 2020.
Aston Martin's chief to leave as a part of shake-up
GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...
Sovereign rating: Economists shrug off downgrade fear amid Covid crisis
Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
Milan-based AppQuality nabs €3.5 million for its crowd testing platform
Italian startup AppQuality, a crowd testing platform, has announced raising €3.5 million in a round led by P101 SGR and ITA500 (the venture capital fund established by Azimut Libera and managed by P101), alongside Italian Angels for Growth (IAG), and Club Italia Investimenti 2. Founded in 2015, A
ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May
The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.
Huawei seeks stable chip supply from Samsung and Hynix
Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.
Corporate governance: SBI weighed down by its own laws, says IiAS
The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.
Tiger Brands faces R500 million-plus hit to profit because of lockdown
South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.
Gold – the solution to a $5,300,000,000,000 money printing problem
Defend your portfolio against inflation with gold.
Domestic flight services resume in India after two months
After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states to open up their airports in view of rising cases of the novel coronavirus.
After Just Five Weeks, Pasta-Delivery Service Al Dente Shuts Up Shop
Italian chef Andrea Vignali did $10,000 in orders last week. But as of today, his tortellini with cacio e pepe filling, potato gnocchi and beef-and-pork lasagne are off the menu. There’s good news, though.
Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020
Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.
Shares in depository account can be used as margin till August 31: SEBI
The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.
CEO buys struggling New Zealand media company for $1
WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.
Nissan and Renault shelve merger plans to repair their alliance: sources
Nissan and Renault shelve merger plans to repair their alliance: sources
Brussels Airlines to operate 40 per cent of long-haul programme by August
The carrier intends to gradually ramp up operations to a total of 59 European and long-haul destinations…
Domestic aviation resumes: 532 flights operated, 39,231 passengers flown on Day 1
The first day was marred by cancellations, and customer complaints
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
COVID-19: Recovery Rate Rises To 51% In Madhya Pradesh
The state makes E-Pass mandatory for movement from Indore, Bhopal and Ujjain.
Growth Of Million-Dollar, One-Person Businesses Accelerates
US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.
Bournemouth Came Close to Saudi Takeover in January Before Deal Broke Down
Bournemouth owner Maxim Demin came close to selling the Cherries to a Saudi Arabian business consortium in January, only to see the deal break down over a...
Finances And Coronavirus: Threats And Opportunities In Lockdown Era
The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term
More people seeking help at Nth Canterbury food banks
Food banks are helping a part of the North Canterbury community they don’t normally have to support as the Covid-19 crisis continues to bite....
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Chinese tech giant criticises US for 'politicising business'
The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.
215 slots ready from Bengaluru's KIA
The Kempegowda International Airport (KIA), the country’s third busiest, will resume domestic flight operations on Monday with slots opened for a total of 215 Air Traffic Movements (ATMs) — 108 departures and 107 arrivals.
Green & Gold Cleaning Ramping Up for COVID Re-Opening, Growing Demand
Business is booming for Green & Gold Cleaning.With the province gradually re-opening and the business sector returning to work, cleanliness is going to
Chocolate company adapts to new normal
A restructure in the wake of Covid-19 has put Jim O’Malley back at the helm of Dunedin chocolate-maker Ocho. Before the outbreak, Ocho was...
Companies must adhere to strict health, safety protocols - Ramaphosa
The president warned that the risk of a massive increase in COVID-19 infections would be greater as the economy opened up and millions of more people returned to work.
Masiyiwa brings smiles to rural village, completes 100kw solar power project
PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district.
Buy VST Industries; target of Rs 4000: ICICI Direct
ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.
PHOTOS: Indians catch their first flight after 2 months
PHOTOS: Indians catch their first flight after 2 months. After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states to open up their airports in view of rising cases of the novel coronavirus.
Branson's Virgin Orbit launch bid fails
"We've confirmed a clean release from the aircraft. However, the mission terminated shortly into the flight," Virgin Orbit said.
Branson's Virgin Orbit launch bid fails
"We've confirmed a clean release from the aircraft. However, the mission terminated shortly into the flight," Virgin Orbit said.
Slate Asset Management launches $500-million fund to finance COVID-hit companies
Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments
Mall REITs - Under Threat From The Lockdown Flight To Online Shopping
Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.
World Bank’s approval for Nigeria’s $1.5b cash coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...
99% MSMEs won’t benefit from Centre’s loan scheme: Chavan
As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.
Spurs to consider offering this ace in swap deal to land prime midfield target
Spurs are reportedly open to offering this ace in a potential swap deal in order to land their prime midfield target...
COVID-19: Worries grow that consumers won't come back to malls
Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close
Prices of Japanese premium melons plunge amid coronavirus outbreak
A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...
Federal government plans to accelerate investments in high-speed internet for remote parts of Canada
Ottawa to launch website that will track broadband infrastructure projects through various stages of progress
Uniqlo to make face masks using underwear fabric
Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a spokeswoman said…
EDITORIAL: Reform to benefit farmers
Agriculture contributes 26 per cent of the gross domestic product.
Fed Chiefs Speak: Reading Between The Lines
On May 20, 2020, three state Fed chiefs spoke independently on what they expect the economy to do in the near future. I thought it'd be a great idea to reconcil
NCLAT sets aside NCLT order on making MCA party in all IBC cases
A three-member Bench of the NCLAT held that the NCLT order asking the Ministry to be made a party in all IBC cases, without giving the MCA a chance to present its side would have resulted in “serious miscarriage of justice, besides causing undue hardship”.
As China eclipses US, Brussels must rethink Beijing, says top EU diplomat
Josep Borrell said the pandemic could be seen as a turning point in the power shift from West to East, and that the "pressure to choose sides is growing."
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.
Australian PM Morrison rolls out plan to save economy as China slaps tariffs on country's exports – Sputnik
Early Tuesday morning in Asia, Sputnik came out with the news conveying the details of the Aussie PM Scott Morrison’s plan to combat China’s recent pu
KIBAARA: Smart food markets for the future way to go
The Covid-19 pandemic has revealed that open markets aren’t built for a crisis like this one.
George R.R. Martin joins group to buy historic railway
SANTA FE, N.M. (AP) — George R.R. Martin, the famed author of the “Game of Thrones” fantasy series, has joined a group to buy the historic Santa Fe Southern Railroad....
India looks to store cheap oil in United States: Oil minister
India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a
USD/JPY: Bulls targeting 108.00 catch a breath amid mixed clues
USD/JPY buyers catch a breath near 107.70 at the start of Tuesday’s Asian session. While the absence of traders from the UK and the US seems to have l
Hulbert: My stock market forecast for June is likely wrong — but watch out for August
The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.
Only a Few Hedge Funds Made Money in March and April. Here’s How
Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.
‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’
The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.
Germany stamps authority on Lufthansa with $9.8 bln lifeline
FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
ADANKHALIF: Covid-19 has exposed e-Learning gaps
Unequal access to the digital space locks out thousands of children, especially in the marginalised areas.
Salem Airport to resume operations on Wednesday
Temperature of passengers would be screened before boarding and passengers would be provided with PPE kits along with sanitisers by the airline.
1st deadlines for laid-off workers to get health insurance
WASHINGTON - Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage unde
Air India to resume operation on Kolkata-Imphal-Aizawl route from Thursday
All scheduled commercial passenger flights have been suspended since March 25 when the government imposed a nationwide lockdown to curb the coronavirus pandemic. The flights resumed on Monday.
Physical EGM by SBI contradicting rationale behind lockdown, says IiAS
In a report, IiAS said the bank “is compelled to hold a physical EGM in June, contradicting the rationale behind national lockdowns to contain the spread of Covid-19.”
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese home buyers are back.
Germany set to take Lufthansa stake in landmark $9.8-billion bailout
The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.
Reopening Trends: Consumers Spending More On Gas, Kids Still Home From School
The U.S. is slowly reopening its facilities, with a variety of upwards and downwards trends emerging in various areas of the retail landscape.
Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19
Calin Rovinescu was on track to receive around $12.9 million in total compensation last year
Carney: America’s Economy Slowly Comes Back to Life
Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy
MULILI & SHAH: Need to lay out post-Covid-19 strategies for
Manufacturing has suffered due to mandated working in shifts and the impact of the lockdown.
Labour Laws: Legal hurdles, trade union opposition force some states to pull back major changes
The move also comes close on the heels of the Madhya Pradesh government last week amending its proposed changes to labour laws, citing the need for legal consent before workers are asked to work overtime.
There's Always Something To Worry About (And That's Bullish)
Persistence of worry among investors supports a bullish contrarian thesis. The 32% rally in the S&P 500 strongly suggests a new bull has begun. Online retail sa
1st deadlines for laid-off workers to get health insurance
WASHINGTON — Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.
Major Japan electronics show CEATEC to be held online in October
One of Japan's major annual electronics shows will be held online in October due to safety concerns arising from the novel coronavirus, organizers said Monday. The Combined Exhibition of Advanced Technologies, or CEATEC, will take place as scheduled from Oct 20 to 23, said the Japan Electronics and Information Technology…
Our universities need to change for an as yet unimagined future
South Africa needs to build national capacity for an economy that needs skills that are radical and complex. In order to facilitate this, we need to ‘decolumnise’ campuses from the grand colosseums to a vibrant, insightful, smart network of decentralised partners.
To consumers, Malaysia’s CPI deflation a sign of pandemic hardship
KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...
Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.
Elaborate arrangements made at Srinagar airport as air travel service resumes
Elaborate arrangements were made at the Srinagar airport to receive first flights after commercial air travel service resumed operations after two months
Nissan and Renault shelve merger plans to repair their alliance - sources
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
Virgin Orbit rocket fails on first airborne test
Setback for venture led by Richard Branson at time of financial stress
China: Lawmaker Proposes Creation of a National Blockchain Fund
China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several economic sectors.
Spend the $60b windfall on bigger stimulus
If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.
As India resumes domestic operations partially after two months of shutdown, 82 flights cancelled on Day 1
The Centre had only allowed limited flights of about one-third capacity of the summer schedule to operate between metro cities and other destinations.
China's 'hermit' investors fill doubled oil storage with crude bet
SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum capital base....
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
KKR becomes Jio Platform's fifth investor in five weeks | ZDNet
Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.
Natural Gas Price: Futures point to further correction
In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont
South Africa to lift ban on alcohol sales from June
The country had implemented one of the world's most stringent lockdowns after recording its first coronavirus-related death in March. The South African government banned the sale of tobacco and alcoho
People more worried about economic crisis than health issues from coronavirus, finds study
The study - conducted by Centre for Marketing in Emerging Economies (CMEE) at IIM Lucknow - revealed that majority (79 percent) of people are worried and surrounded by a feeling of fear (40 percent) and sadness (22 percent).
US farmers worried as crop prices dip
Market disruptions have been caused by the Covid-19 pandemic.
Huawei to be ousted from UK network
Plans to further reduce Huawei’s involvement in UK 5G infrastructure are being drawn up following growing anti-China sentiment in the wake of the coronavirus.
Digicel Foundation pumps $42m in humanitarian project
DIGICEL FOUNDATION has announced a significant investment in Jamaica’s response to the COVID-19 crisis with the launch of its $42-million islandwide humanitarian project, Operation SAFE, (Sanitising, Advocating, Feeding, and Enabling) in the fight...
Asian stock market: Bears keeping the reins as Hong Kong issue intensifies
With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods
ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.
Firms invited to virtually network
Shrewsbury Business Chamber is inviting its members, supporters and also guests from other businesses in the community to join it for a virtual networking event.
Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke
Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →
Gold Futures: Correction lower on the cards
Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi
Plant-based 'meats' catch on in the COVID-19 pandemic
Meat industry's troubles may have provided a boost for plant-based meat substitutes
Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs
Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop
The Pandemic Is Exposing the Limits of Science
The financial crisis tarnished the field of economics. Will the coronavirus do the same for medicine?
Short-term rates fall by 30 bps, ease working cap stress
Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.
Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk
Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund
Jharkhand board exam evaluation process to begin from May 28; result to be announced in June
NDTV reports that the JAC will begin the evaluation process on Thursday and the result is expected to be announced by June end.
COVID-19 presents opportunity to boost African economies, says Elumelu
The Chairman, United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the coronavirus pandemic presents an opportunity to reset the....
Virus-hit Fiji Airways cuts workforce by half
Fiji Airways lays off 758 staff, while those remaining would face a permanent pay cut of 20%
Westpac's lagging view of credit risk 'challenging'
Controversial review of Westpac systems found its inability to generate timely and granular commercial property risk data a particular problem.
Bayer reaches deals on big share of 125,000 roundup weedkiller suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Gulfport Energy: Stock Appears To Be Overvalued Now Due To The Still High Restructuring Risk
Gulfport's borrowing base was reduced to $700 million, and it is limited to $20 million for further unsecured note repurchases. It has plenty of liquidity for n
Hertz files for bankruptcy after rental-car demand vanishes
Drop in used-car sales compounds financial woes.
Bloodied Mayfair tries recruiting investors against ASIC
The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".
Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected
Here is what you need to know on Monday, May 25: The new week has kicked off with dollar strength as the US and China have kept tensions high. Thin li
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
1st deadlines for laid-off workers to get health insurance
People who lose workplace insurance generally have 60 days from when their coverage ended to apply for an ACA plan.
Drought-stricken farmers still desperate for rain
Farmers in parched regions of the country say the rain that has fallen over the past 24 hours is a small reprieve - but it's no drought breaker.
Virus vaccine maker's bubble bursts after stock crashes
The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.
54 flights to land at Bengaluru Airport on first day of resuming operations
Till 9 a.m. on Monday, five flights have landed at the KIA and 17 have taken off to various destinations
Lenovo helps schools shift to remote teaching for free
To support the education sector in rapidly shifting to digital ways of teaching and learning, global tech and innovation leader Lenovo, in collaboration with Microsoft, is sponsoring two presentations in the ongoing EduTech Live Webinar series.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
Bharti Airtel parent eyes $1 bn from stake sale to pay off loans
Move to help telco clean up debt overhang as promoter debt also impacts ratings
McBride: A European COVID-19 Winner, But Basic Challenges Remain
COVID-19 has actually helped Europe's largest private label household products company, McBride. The company has struggled to sustain a decent profit margin for
The $2.7b gamble: Quibi could be the costliest flop in history
It's absolutely rolling in A-list talent but Quibi looks set to be one of the most expensive misfires in history.
Coronavirus impact: Suzuki Motor Gujarat resumes operations
Suzuki Motor Gujarat has resumed manufacturing operations at the Hansalpur plant while adhering to all the safety guidelines and precautionary measures to fight the spread of Coronavirus.
Airbus team to arrive in Karachi today for assistance in PIA plane crash probe
The management of the Airbus has also expressed profound grief over the PIA plane crash.
Five business groups urge Ontario to halt commercial evictions during pandemic
Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, saying many small and medium-sized businesses are at risk of closing.
‘An opportune time to invest in markets’
Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO
Trays used to keep wallet, mobile, laptop for x-ray sanitised after every use: CISF
India Business News: Amid the contactless travel experience at post-pandemic airports, travellers need not worry about putting their belongings in a tray for passing throu
Domestic air travel resumes in India after 2 months, 630 flights cancelled
According to aviation industry sources, around 630 domestic flights of Monday were cancelled due to the Centre''s Sunday night announcement that there would be no flights in West Bengal and Andhra Pradesh, and limited operations at major airports such as Mumbai, Chennai and Hyderabad.
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Salmon to hit slide soon
Parts of a pneumatic fish pump dubbed the salmon cannon have arrived at the site of a massive landslide along British Columbia's Fraser River, where Fisheries and Oceans Canada expects some salmon to begin arriving soon.
The $2.7b gamble: Quibi could be the costliest flop in history
It's absolutely rolling in A-list talent but Quibi looks set to be one of the most expensive flops in history.
Mumbai airport handles 47 domestic flights after services resume
Several passengers who had come to the airport to catch early flights were stranded after several airlines announced cancellations. The routes of many flights also had to be re-chalked by the airlines.
Now, brokers cannot use PoA to transfer client shares
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity ma
Coronavirus impact: Toyota will resume production from May 26
Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.
Ryanair goes to court over conduct of social welfare appeal
Airline claims it was refused leave by appeals commissioner to cross examine witnesses
SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters
SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only
Full Text: From the Group CEO of The Pinnacle Property Holdings Limited – Mr Edmund Chiyangwa
By Edmund Chiyangwa I write in response to numerous newspaper and social media hypes regarding the Farm Odar, Nyarungu Estate and Subdivision A of Stoneridge which have been turned into vilification of my father, the Chairman of the Pinnacle Group, Hon Dr. P Chiyangwa.
Zelensky calls on Israel to complete ratification of FTA with Ukraine
The head of state noted that in the context of the coronavirus pandemic, support for bilateral trade is especially important for both countries.
Ontario used auto dealers expect tough year ahead, prices already down
A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.
Eid movement restrictions reported in Al Quoz and Dubai Investment Park
Healthcare professional confirms circular, sources also report road closures
Hyundai, Ford set to resume car exports
Lockdown impacted carmakers’ shipments
Five business groups urge Ford to halt commercial evictions amid COVID-19
Five businesses groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
Delhi's peak power demand reaches season's highest, 56% more than April
Delhi witnessed a peak power demand that reached as much as 5268 MW on the night of May 24.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
China’s Civil Law Could Enable Citizens to Inherit Bitcoin
China’s Inheritance Law from 1985 might soon be updated to include internet property and cryptocurrencies, including Bitcoin.
Canada's banks to cement status as solid investments in a crisis
(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
Five Below: Growth At A Reasonable Price
Management estimates the market can handle 2,500 stores. At recent prices, there is an opportunity to buy growth at a reasonable price. We see potential for a 2
Hacker extorts online shops, sells databases if ransom not paid
More than two dozen SQL databases stolen from online shops in various countries are being offered for sale on a public website. In total, the seller provides over 1.5 million rows of records but the damage is likely much larger.
India Ups Troop Strength To Combat China's 5,000
New Delhi: As the Chinese Army has deployed over 5,000 of its troops on the Line of Actual Control at different locations in the Ladakh sector, the Indian Army is also increasing presence of its...
Rajasthan’s Churu sizzles at 47.5 degrees, heatwave to abate after May 28
Churu in Rajasthan recorded the highest temperature of the season at 47.5 degrees Celsius on Monday, followed by Prayagraj in Uttar Pradesh where.
Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
ThomasLloyd, BioPower turn over mobile swabbing unit to Bacolod
Bacolod City received its second mobile swabbing unit as the city implements innovative efforts to provide safe and efficient COVID-19 testing in the region.
Trudeau says he’ll seek 10 days of paid sick leave for all workers
Liberals will also work on other long-term measures to make it easier for workers to stay home when they're ill
Marie-Antoinette's travel bag fetches €43,750 at an auction of royal memorabilia near her former home of Versailles - five times the expert estimate
Queen Marie Antoinette's travel bag has sold for €43,750 (£39,143) at an auction of royal memorabilia near to the Palace of Versailles - more than five times its estimate.
Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery
In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist attacks.
Business activity in Dubai to resume from 6am to 11pm, starting May 27
There will be no restrictions on movement between 6am and 11pm when rule comes into effect
RevoluPAY Now Licensed To Provide Services In Every EU Country
RevoluPAY, a subsidiary of RevoluGROUP, is now able to offer digital banking services to EU member countries with its new PSD2 license.
Bitcoin Hash Ribbons Indicate Post-Halving Miner Capitulation Has Begun
Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in thi
Letter to BS: India can play a key role in the post-Covid world
For that to happen, India has to carry out fast-paced economic reforms and significantly increase its economic might
Earthquake measuring 5.4 on Richter scale hits Manipur, no loss of life reported
The tremors were reportedly felt in Bangladesh and Myanmar too.
China demands US withdraw sanctions against blacklisted firms
China urged US officials Monday to undo new sanctions against nearly three dozen companies amid growing tensions between the two nations. The demand came three days after the US Department of Commerce
Easyjet customers to sue over data breach
EASYJET is to be sued by customers in Northern Ireland impacted by a major data breach, it emerged.
Coronavirus | Single-day spike continues its trend for the seventh day on Monday
6,977 new infections reported along with 154 deaths. Recovery rate also up, says Health Ministry
COVID-19: CREDAI writes to PM, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has
OPKO Health: A Hero Against The COVID-19 Villain But Has To Control Those Expenses Going Forward
The company has been able to rapidly ramp up testing for COVID-19. Its revenue figures are down as sales of its other products have been affected by confinement
US bans Brazil travel over virus surge as Europe keeps easing
The United States suspended travel from Brazil over an explosion of coronavirus infections in the South American nation, but across the Atlantic, many parts of Europe were set to further ease lockdowns on Monday after slowing their COVID-19 outbreaks.
Germany's DAX 30 Index: German stocks closes at highest since early March, Lufthansa & Bayer lead the way
The DAX finished the first day of the week at its highest level since the beginning of March. The rally was supported by a better-than-expected Ifo in
Manager of demolished hotel among 27 new COVID-19 cases in Rivers - Commissioner - Premium Times Nigeria
Rivers State recorded 27 new infections on Sunday, one of the highest so far recorded in a single day in the oil-rich state.
NHC watching a new area of possible development off the FL East Coast this week
UPDATE 9 AM 5/26/2020No major changes Tuesday morning as an area of low pressure moves northeast over Central Florida headed toward the Atlantic. The National Hurricane Center is giving this a low chance of developing in the days ahead. Upper level winds, land interaction and dry air are still forecast to inhibit further development.
Pros and cons of investing in NPS for retirement saving
National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
Algorithmic selling risk of your money
OVER my last 32 years, I have seen many a ‘latest fashion’ encourage investors to run toward emptying their bank accounts.
China's Great Wall expects mild domestic auto sales growth in H2
BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Current equity losses underline why planned exit from investment is important
In investing, the level at which you invest is just as important as the value when you exit.
Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon
Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart
USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi
First flight to leave Bengaluru in two months to Ranchi
The first flight to leave Bengaluru is set to be an Air Asia flight to Ranchi at 5.15 am while the first incoming flight would be an Indigo flight from Chennai at 7.35 am.
The federal government's $60 billion in JobKeeper savings could be used to prop up vulnerable sectors like tourism – but casuals and visa workers will again miss out
Having discovered an accounting error $60 billion in its favour, the Morrison government is ready to go spending.
Two hairstylists in Missouri may have exposed more than 140 clients to the coronavirus, health officials say, Business Insider - Business Insider Singapore
Business Insider - The stylists worked at a Great Clips hair salon in Springfield, Missouri, between May 12 and May 20 while symptomatic.. Read more at businessinsider.sg
New rules of personal finance: How COVID has changed income, spending, saving, investing
In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.
Japan set to fully lift coronavirus emergency in Tokyo, 4 other prefectures
Japan is expected to end its coronavirus-related state of emergency Monday by easing curbs on economic activity in Tokyo and four other prefectures ahead of schedule, with the spread of infections under control. Prime Minister Shinzo Abe is expected to announce the decision at a 6 p.m. Monday news conference.…
Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
Tax opportunities and tax risk management strategies during a crisis
QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.
Covid wake-up call: Health infrastructure only 1 per cent of Smart City projects
These 69 projects, located in 55 of the 100 smart cities being developed, will cost an estimated Rs 2112.06 crore — about 1 per cent of the total Mission investment of Rs 205,018 crore.
India may register recession in third quarter of this fiscal: Report
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
UK looking to backtrack on Huawei participation in 5G networks: Report | ZDNet
US sanctions and backbenchers that are set to cross the floor and vote against government legislation are reportedly the impetus for the change of course.
Once-in-a-decade storm hits Australia
In the Perth metropolitan area, electricity supply to about 37,000 homes and businesses was impacted by the storm
USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles
USD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan’s likely removes of sta
China's Great Wall expects mild domestic auto sales growth in second half
BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
COVID-19 Impact: Transfer outstanding crop loans to govt account, says Maharashtra to banks
A government resolution (GR) dated 22 May instructed banks to show the current outstanding loan of farmers as the dues of the state government.
Major automakers see demand for personal vehicles going up
Automakers like Maruti Suzuki, Honda, Toyota and Tata Motors expect demand for personal vehicles to go up in the country as social distancing and fear associated with COVID-19 veer people away from public transport.
Expect to see Tolko’s Kelowna mill looking pretty much the same for months to come
The decommissioning and redevelopment of the Tolko lumber mill site on the waterfront in Kelowna is moving at a snail’s pace.“We’re still
4 More Oil Stocks That Could Go Bankrupt in 2020
These oil companies are on a slippery slope.
The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t
Two more resource sector raisings out of Canaccord
It's a busy morning for small and microcap resources investors.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
Coronavirus in India LIVE: Death toll tops 4,000-mark; case tally crosses 1.38 lakh
All domestic flights are also set to resume in India from today
Europe lifts virus shutters as Japan ends emergency
Europeans flocked to parks, gyms and pools on Monday as more countries eased coronavirus restrictions, while Japan lifted its state of emergency but urged vigilance to avoid another wave of infections.
AUD/USD snaps two-day losing streak to extend recovery above 0.6500
AUD/USD remains modestly positive around 0.6540/45, up 0.11% on a day, amid the Asian session on Monday. Although the US-China tension keeps Aussie bu
China reports 11 new mainland COVID-19 cases vs 3 a day earlier
All of the new infections were imported cases involving travellers from overseas.
Oil firms set price hike whopper: P2.30 per liter of diesel
Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.
Wholesale vegetable prices fall sharply by up to 60% during lockdown
Wholesale prices of tomato, onion and other key seasonal vegetables have declined sharply by up to 60 per cent across the country, mainly due to higher production, compression of demand and market disruption amid COVID-19 crisis.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
For hard-pressed savers, it's like setting your banknotes alight . . .
Do you know the difference between saving and investing? One means you are probably losing money, the other means you could be gaining.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /CNW/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an online exh...
Casement Park: No agreement on £33m funding gap says Stormont
STORMONT has still not agreed how to plug a £33 million funding gap plaguing the Casement Park stadium project.
Household fragility points to post-COVID pain
New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.
An Analysis Of Dropbox And Box For The Work-From-Home Era
Box revenues are growing but growth is slowing. R&D could improve the current offering. Quarterly earnings give hope there are still near-term headwinds. Dropbo
AUD/JPY erases gains on lingering US-China tensions
The early risk-on tilt seen in the financial markets has faded, as evidenced by AUD/JPY's pullback from the session high of 70.58 to 70.30. The JPY cr
Brands, local and global, get vocal about their Indian roots
According to senior people in several companies The Indian Express spoke with soon after the Prime Minister said that every Indian “has to become vocal for their local, not only to buy local products, but also to promote them proudly”, C-level executives scrambled to come up with a plan to get the brand’s messaging across.
EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure
EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass
Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart
Updates from the world of economy, markets, and finance
FRSC to Ogun: Relocate Ota toll gate motor park, market
The Unit Commander of FRSC, Akeem Ganiya, made the appeal in an interview with the News Agency of Nigeria in Ota.
CEO buys struggling New Zealand media company for $1
The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.
Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets
Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets
Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus
Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch
CEO buying struggling New Zealand media company for NZ$1
One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.
China's pork imports in April jump 170% to record high
BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
GBP/USD retraces three-day losses below 1.2200 on UK/US holiday
GBP/USD seesaws around 1.2180, up 0.05% on a day, during the pre-European session on Monday. In doing so, the Cable pair snaps the previous three-day
Moody’s: Pressure keeps rising for Apac companies as coronavirus impact becomes clearer
KUALA LUMPUR, May 25 — Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (Apac) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies’ credit quality have...
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow
Wholesale commodity markets, including metal and bullion, will also remain shut
Ethiopia records highest daily virus cases
Thirteen are said to have travel history from abroad.
‘Never waste a crisis’: inside Saudi Arabia’s shopping spree
The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles
Rolls-Royce increases price-cuts pressure on suppliers
Big equipment makers turn to strained supply chain for savings
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Domestic flights resume after two months; many say flights cancelled without notice
Domestic passenger flights resumed in India after a gap of two months and the country will see around 600 services on Monday.
Snapchat is expanding team in India, developing 'culturally relevant' products: Snap MD
Snap's daily active user base in India has jumped 120 percent year-on-year in March 2020.
Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200
GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2
Siemens Healthineers: Excellent Company, But The Valuation Doesn't Scan
Healthineers is one of the world’s leading medical technology companies with a leading position in imaging and advanced therapies. Its diagnostics division has
Toronto stock market rally led by cannabis while U.S. stock markets closed
Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Coronavirus outbreak: India records biggest surge of COVID-19 cases for fourth day
The Union Health Ministry on Monday said that the number of coronavirus cases has hit a new high in the country as India reported 6,977 new cases in the last 24 hours. The total number of COVID-19 cases in India stands at 1,38,845.
Home Bargains, B&M and B&Q's opening times today
Full opening hours for the second bank holiday in May 2020
Renault could disappear without a bail out – report
The French brand's 122-year history could be at stake according to a key decision maker.
Domestic flight services resume in India after 2 months amid 630 cancellations
India Business News: Domestic passenger flights resumed in India after a gap of two months. The Delhi airport saw its first departure at 4.45 am to Pune while Mumbai airpo
Foxtel left floundering by streaming rivals
Roy Morgan has released new data showing explosive growth across Australia’s subscription television market from all providers except Foxtel:
Virus obstructs US and UK bids for $800m South Korea helicopter deal
Travel restrictions and spending cuts muddy defence sector outlook
Paper cone, tube manufacturers in dire straits
The paper cone and tube manufacturing sector has been in trouble since the end of 2019.KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and fallin
Reducing neighborhood crime: Place management of alcohol outlets
Recent research suggests that neighborhood crime may be reduced by enhancing 'place management' resources in and around off-premise alcohol sales outlets, particularly at small and independent stores.
Coronavirus crisis provides fertile ground for online fraudsters
Surge in number of scammers exploiting global scramble for protection equipment
Mandating download of Aarogya Setu may be unconstitutional, say experts
Even as confusion reigns over whether the Aarogya Setu app will be made mandatory for airline travel, legal experts and cyber activists say that any efforts to make it compulsory would be anti-constit
Global engines fire up again, Europe makes steady start
Europe, despite reeling under the pandemic, is steadily opening up.
Firms beg for social distancing guidelines to be eased
The Government is under mounting pressure to relax social distancing guidelines as the retail and hospitality sectors warn of thousands of permanent job losses unless the two-metre rule is changed.
DMart’s secular rally may pause for a while
The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.
U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national
Over 80 flights cancelled in Delhi, passengers slam airlines for no prior intimation
The development comes after few states objected to the Centre’s plan to restart domestic airlines from May 25, following which last-minute changes were amended to the earlier rules on Sunday evening.
Gold Price News and Forecast: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday. Although fresh risk-off sentiment,
Kia planning a tiny, affordable, short-range electric car
Kia's Europe boss says the car will be a response to people's increasing avoidance of public transport.
Bayer Reaches Deals on Big Share of 125,000 Roundup Weedkiller Suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Retail investors throng capital markets during lockdown period, says Reliance Securities CEO
While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Tamil Nadu allows domestic flight operations, issues SOP for airports
Tamil Nadu, late on Sunday, gave nod for domestic flight operations in the State from today.Flights to Chennai, Coimbatore, Madurai and Trichy are to operate from today. However, incoming flights to b
Some business risks can be prepared for in advance
Corporates will now need to fast track learning from pandemic-enforced disruptions too
Oil price rebound improves investors’ patronage, lifts index by 5.59%
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...
Seven questions with Stuart Welch
Alphinity's Stuart Welch talks about why Cochlear has been disproportionately hurt during COVID-19, and why he prefers Transurban to Sydney Airport.
CEO buys ailing New Zealand media giant Stuff Limited for one dollar
Boucher joined as a reporter in 1993 and has spent most of her career at the company
Gold Price News and Forecast: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
Amphan cyclone: IRDAI asks insurers to hasten settlement of claims
The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to hasten settlement of claims pertaining to the cyclone Amphan. In a circular, it said there were reports of
European consumers stockpile savings, adding to economic drag
Bank deposits surge as households seek to shield themselves from impact of coronavirus
Asian shares reverse early gains, eyes on China-US trade relations
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.
IDFC First Bank’s senior management takes 10 per cent pay cut in FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The
AF’s second LCA squadron to spread wings from Sulur in T.N. on Wednesday
Air Chief Marshal RKS Bhadauria to operationalise the unit
World coronavirus dispatch: US bans travel from Brazil; commerce allowed
From Eid celebrations in the shadow of pandemic, to nightclubs opening in China, and the story behind NYT's May 24 front page - read these and more in today's world dispatch
Latino workers face discrimination over spread of coronavirus in meat plants
Reports of Latinos being refused service after more than 10,000 meatpacking workers, many Latino, contract Covid-19 in the USEthnic minorities have been the hardest-hit by the coronavirus in the US, and now Latino workers are facing fresh difficulty, as they and their communities suffer discrimination
Book sales soar as French lockdown eases
Even so, overall, sales were 60 percent down compared the corresponding period in 2019.
Book sales soar as French Covid-19 lockdown eases
PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...
Snapchat looking to expand India business based on growth in user base: Report
Social media platform Snapchat is eyeing significant growth in its India business owing to a surge in usage, according to media reports.Snapchat’s daily active user base (DAU) in India increased by 12
BDO tops initial list of top taxpayers in 2019
A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers
US-based Alsco seeks permission for Spotless Laundries
The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy.
USD/CAD: Oil to refrain the loonie recovery – CIBC
Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l
China may lose control of three strategically important ports amid coronavirus fallout
Changing political tides may cost China control over ports in Australia, Israel, Sri Lanka
Pilot Of Crashed PIA Plane Ignored Warnings Thrice, Says Report
Security personnel stand beside the wreckage of a plane at the site after an aircraft crashed Karachi: The pilot of … Pilot Of Crashed PIA Plane Ignored Warnings Thrice, Says Report Read More »
Domestic air travel resumes with confusion at airports, cancelled flights
Chaos will make it even harder for airlines to recover from the impact of a two-month lockdown to contain the coronavirus, said analysts.
Aston Martin CEO Being Replaced With Mercedes-AMG CEO
Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston ...
The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low
Investors look to an eventual economic recovery, but credit markets may be seeing things differently
Fast Track mergers: MCA keen to extend facility to more classes of companies
asks industry to come up with comprehensive suggestions
WHO warns of 'immediate second peak' if restrictions eased too soon; global cases near 5.5M
May 25 (UPI) -- Amid a rash of countries and regions the globe over moving to reopen their economies and lift their people out from under lockdown measures, the World Health Organization on Monday warned there could be an "immediate second peak" of the coronavirus before there is a second wave.
Crack in fashion! Tesco stocks white eggs for the first time in more than 40 years after huge rise in demand
The eggs - which are used in McDonald's breakfast McMuffins - will cost the same as the brown free-range equivalent, starting from 89p for a box of six medium eggs.
COVID-19: Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands
COVID-19: Four Indian returnees from Kuwait to Telangana test positive
163 evacuees from Kuwait had reached Hyderabad by a special Air India flight on May 10
Let’s support farmers and try to keep shopping locally
From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.
40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report
The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%
GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle
The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh
Ex-German Finance Minister Confirms Support for EU Economic Recovery Plan to Tackle COVID-19 Crisis
Last week, German Chancellor Angela Merkel and French President Emmanuel Macron proposed that a hefty recovery fund should be set up to shore up EU economies struggling...
Number of coronavirus cases at Dutch meatpacking plant jumps to 147
AMSTERDAM (Reuters) - The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine.
Bitcoin Miners in Sichuan Province Ordered to Shut Down in ‘Orderly Manner’
The Chinese province is said to be home to roughly 10 percent of Bitcoin's global hash power.
Bayer shares jump on report of Roundup settlement
FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...
Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings
CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain
60 days, 56-fold growth: India now second largest PPE manufacturer
According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.
Number of coronavirus cases at Dutch meatpacking plant jumps to 147
The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine. The Vion plant in Groenlo, located east of Arnhem and west of the northern German city of Muenster, employs
Hard times for Boeing, long a symbol of American might
Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.
HDFC Bank Credit Card, Debit Card Offer: Save up to Rs 2000 on buying AC, refrigerators, coolers online
As part of the offer, HDFC Bank is providing 10 percent Instant Discount with HDFC Bank Credit Cards and Credit/Debit EMI Transactions.
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao
Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o
40% tourism firms staring at complete shutdown risk in next 6 mnths: Report
The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent
CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons
Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr
Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19
EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.
Wolves are at it again, destroying Zimbabwe’s currency
Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges if China enacts a tough new security law. China plans to impose legislation on the semi-autonomous
EU: 'End' of U.S. Leadership, Rise of China 'Happening Before Our Eyes'
BERLIN (AP) - The European Union's top diplomat has called for the bloc to have a "more robust strategy" toward China amid signs that Asia is replacing the United States as the centre of global power.
Sportscar brand Aston Martin could see AMG chief come in as CEO
Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time
PIA crash: Crashed Pakistan plane's pilot ignored 3 warnings to lower altitude
The claim is being made based on an ATC report seen by Geo News
Trade deal with Europe seems a long way off
The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.
Nigeria's economy grows by 1.8% in first quarter of 2020
It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.
Alpaca-rearing business granted green light for permanent workers’ house
A mobile home in the Green Belt can now be replaced by a permanent house so that a rural worker can stay on site to supervise an alpaca herd.
Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan
The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.
Harte Gold: Digging Into The Q1 Results
Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio
British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'
The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots
Lack of permission to operate special chartered flights hurts seafarers’ job prospects
Lack of government permission by Monday to a ship management company to run a chartered flight on May 28 to Colombo, will kill the employment chances of some 150 Indian seafarers on board five ships.T
New Zealand to further ease restrictions; global infections top 5.5M
May 25 (UPI) -- As global infections surpassed 5.5 million on Monday, New Zealand Prime Minister Jacinda Ardern announced the limit on gatherings will be expanded to 100 people by the week's end.
Asian shares tick up, eyes on China-US trade relations
Analysts expect trading to be subdued with United States and UK markets shut for public holidays.
India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News
New Delhi: The government’s wheat procurement so far in the 2020-21 marketing year has surpassed the last year’s 34.13 million … India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News Read More »
CBIC clears Rs 11,052 cr GST refund claims since April 8
Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
Africa’s energy potential can create opportunities amidst COVID-19
The AU Commission and IRENA say that the energy potential in Africa can turn the COVID-19 crisis into an opportunity for the continent and its population.
Asia stocks mostly up on coronavirus lockdown easing but Hong Kong extends losses
Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at
Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.
Fresh air will be a hot amenity in reopened offices — if companies can afford it
Not long ago, office landlords competed for tenants by advertising spacious roof decks and fancy exercise rooms.
Health, leisure worst hit by 'double dipping' ruling
A Credit Suisse analysis has found a ruling that grants regular casuals paid leave could see some industries' holiday pay bill climb by hundreds of millions of dollars.
Chinese Tech Giant Criticizes US for 'Politicizing Business'
One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent
Pakistan using its ties in Turkey, Qatar to arrange funding for Zakir Naik
India’s relationship with Turkey has been declining over a few years
CBIC clears Rs 11,052 crore GST refund claims since April 8
India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s
FEC shrugs off market worries over Bourke Street tower
Of eight construction projects in Melbourne given the green light on Monday, four involved crucial amendments to existing permits.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the
US bans Brazil travel over virus surge as Europe keeps easing
The United States suspended travel from Brazil over an explosion of coronavirus infections in the South American nation, but across the Atlantic