Economy 2178
'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes, Business Insider - Business Insider Singapore
Business Insider - A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.. Read more at businessinsider.sg
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
Forex Today: sentiment tosses and turns
What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r
Wuhan wet market is the ‘victim’ of coronavirus outbreak, China’s CDC says
The Wuhan wet market believed to be the origin of the coronavirus pandemic has been unfairly made into a scapegoat for the pandemic, China’s top health official claimed. “At first, we assumed
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, ...
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as...
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
6 contract workers at TISS lose jobs; union calls it immoral
Lease of 2 off-campus hostels where they were employed ends
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
Aga Khan Foundation hands over water projects
Sh3.8m water project funded by AKDN at Kenyenya Hospital officially launched.
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
China is trying its best to protect Hong Kong from instability – The Global Times
The war of words and Chinese propaganda is heating up between the US and China. The Global Times reports that the US has "hidden key information and f
United Way allocating $6.6M in federal funding to help with food security, youth mental health
Applications from Fraser Valley and Lower Mainland charities being accepted for the emergency funding
Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript
Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore
Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg
Buhari approves funding for first phase of Siemens power deal
President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
Zimbabwe Buys US$5 Face Masks For US$28 In Shocking Covid-19 Scandal
A shocking corruption scandal has been unearthed in which the government of Zimbabwe bought Covid-19 equipment at hugely inflated costs from a private
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Disney World to Reopen in July, SeaWorld Orlando to Reopen in June
Walt Disney World is planning on a phased reopening for its four parks in July, while SeaWorld Orlando plans to open its parks in June.
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript
HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of
McDonald's to reopen drive-thrus but with no breakfast items, no milkshakes and no wraps
LONG queues are expected next week when McDonald's reopens 924 branches across Britain and Ireland for drive-thru customers.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
Five key updates from the Gaming Control Board for reopening casinos
As promised Tuesday at a Gaming Control Board workshop meeting, regulators have updated the health and safety policies for reopening casinos June 4.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
Tech selloff weighs on S&P 500, Nasdaq
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
GeForce NOW Will Have A New Opt-In Policy For Game Publishers
GeForce NOW is gaining a new policy that will seemingly attempt to stabilize its game library, letting publishers choose whether or not to opt-in with
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
Ex-IAAF chief Diack's corruption case changed to 8 June
The Paris trial of Lamine Diack who is accused of accepting millions of dollars to cover up positive Russian doping tests, has been moved back five days to 8 June.
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Lime says Calgarians use their scooters more than anywhere else in the world
After arriving in the downtown core last weekend for the second year, with each being used an average of seven times a day – which is more than triple the global average and double the next closest city.
Moderna rally loses steam over COVID-19 vaccine worries
(Reuters) - Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc (MRNA.O), fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.
BoA Experiences Potential Data Breach With PPP Applications
Bank of America notified principal owners of a potential data breach after the bank uploaded loan applications of some customers to a test application platform.
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Huawei CFO loses bid to dismiss US extradition request
Canadian court ruling will allow proceedings to continue against Meng Wanzhou
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Neste and Covestro enter cooperation related to sustainable plastics production
Neste Corp. (Espoo, Finland) and Covestro AG (Leverkusen, Germany) are starting a strategic cooperation in Europe to promote the use of sustainable raw mat
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
UT looks to hold commencement in fall
The University of Tennessee announced they would not be holding in-person commencement ceremonies in August, but would instead look to the possibility in the fall and spring of 2021
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.
Regulators update health, safety directives for casino reopenings
As promised Tuesday at a Gaming Control Board workshop meeting, regulators have updated the health and safety policies for reopening casinos June 4.
50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey
The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.
Huawei disappointed by a Canadian court ruling against CFO meng Wanzhou’s bid to avoid extradition
Following a Canadian court ruling that the case of senior Huawei executive Meng Wanzhou, who is fighting extradition to the United States, can go forw
As dry as a bone: Reservoir levels fall and our parks turn brown in driest May since Victorian time
The driest May in 124 years has only seen 1.25in (31.8mm) of rain fall on average across the UK this month, and forecasters say this is unlikely to increase in the final few days of May.
Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet
While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.
5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN
Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Strengthen Inclusion and Empower the World’s Invisible Billion
The World Bank announced today the launch of the second Mission Billion Challenge for innovative solutions to increase inclusion and access to digital platforms such as identification systems. This challenge will crowdsource innovations at a time when countries seek to deliver cash relief to vulnerable persons, such as informal workers affected by the COVID-19 pandemic. […]
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
Pompeo says Hong Kong no longer warrants special US treatment
US Secretary of State Mike Pompeo says China has undermined Hong Kong's autonomy as the US considers ending favourable tariffs in a blow to its status as a financial hub.
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance
HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.
Nikola Motor: Investing In The Truck Of The Future
Nikola Motor will compete with the biggest names in trucking, but it won't make a dent to market share until 2024. A very strong product line-up means it can co
SAA business rescue practitioners get leave to appeal lay-offs
'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.
Italy-bound flight returns to Germany due to closed airport
May 27 (UPI) -- A flight that departed from Germany landed at the same airport four hours later because the intended destination hub in Italy was be closed.
Best range cookers for 2020: all of your cooking needs in one
Cook everything to perfection, with the classic and super versatile kitchen must-have that is the range cooker. We found top picks including gas, electric and dual-fuel options
$3b saved as NSW public service pay frozen
NSW is freezing pay increases for 410,000 public servants for a year and will use the $3 billion in savings for job creation and recovery.
Four recruitment firms join hands to help India Inc return to work
India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work
'We know businesses are hurting': Qld Tourism Minister
Queensland Tourism Minister Kate Jones says it is a delicate balance between health and the economy when dealing with the coronavirus.
Trump says evidence ties China lab to virus, threatens tariffs
WASHINGTON, May 27 — US President Donald Trump today threatened China with fresh tariffs as he stepped up his attacks on Beijing over the coronavirus crisis, saying he had seen evidence linking a Wuhan lab to the contagion. The diatribe from the Republican incumbent came as data showed the United...
Regional mining equipment, technology, service companies targeted with innovation accelerator program
"When those mines in Victoria expand, it means they can get in there getting those business opportunities."
Huawei CFO loses bid to dismiss US extradition request
Huawei Technologies chief financial officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the US to face bank fraud charges.
Dangote, MTN emerge most admired African brands
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
GBP/USD Price Analysis: Finds some support near 38.2% Fibo./descending channel confluence region
The GBP/USD pair stalled its overnight strong bullish momentum near the 50% Fibonacci level of the 1.2644-1.2076 recent downfall and witnessed a modes
AUD/USD: Potentially higher with resistance at 0.6659 – OCBC
The broad USD took a serious hit, as investors continue to impute positivity on the back equities and shake off any negative developments in the Sino/
Integral to Provide Workflow Automation to Velocity Trade
Integral announced that it has been selected by Jefferies’ TrueFX trading network, Velocity Trade, to update its workflow automation and trading technology.
GBP/USD Forecast: Holding Support will be Key
The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher
Virgin Atlantic suitors narrow with clock ticking on rescue
Ailing airline in need of emergency funding.
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Boeing cutting more than 12,000 jobs with layoffs, buyouts
The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.
Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet
According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.
Travel group says Australia-New Zealand bubble could open in September
A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.
IGNOU Extends Deadline For Submission of June Term End Exam Forms | Check New Date Here
The courses in the open university are offered in two sessions over the year, one in January and another in July.
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
Privatisation of discoms an opportunity, says JSW Energy CEO
The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.
Holcim restarts Luzon, Davao operations
Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
'Reboot, reform' of agriculture pushed
During the launch of the "Plant, Plant, Plant" program in line with the celebration of the farmers and fisherfolk's month at the Department of Agriculture central compound in Quezon City, Dar said the agriculture sector should be more responsive especially with the pressing issues faced by the country.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s
The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
IISc offers advanced certificate programme in digital healthcare online
Admissions to this course will start in July 2020. Application process has begun already to enrol the first cohort of 50 candidates. Interested can apply at - iisc.talentsprint.com.
World economic prospects darken, rebound delayed: Reuters poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...
India wilts under heatwave as temperature hits 50 degrees Celsius
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.
No more furlough: Rishi Sunak 'set to close scheme to new applications'
Employers could soon also have to pay 20% of workers' wages, with the government funding 60%.
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox
Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Renault and Nissan deepen cooperation in bid for survival
TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...
Commentary: More action needed to bolster economy — and quickly
A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.
India braces for worst locust attack in three decades: Authorities procure drones, pesticides but financial damage from crop loss to be huge
Already overwhelmed by the coronavirus pandemic, farmers in north India are now worrying over the kharif crop even as a new wave of locust attacks, predicted to be the worst in almost three decades, is expected by June
World coronavirus dispatch: Big Tech's big plans for the post-Covid world
From first drone deliveries in the US, to how South Korea crushed its second outbreak, and the impact of Covid-19 on militant activity in Africa - read these and more in today's world dispatch
EUR/USD remans under pressure around the 1.0960 area
The single currency came under selling pressure on Wednesday and is now forcing EUR/USD to retreat to the 1.0960 region. EUR/USD sheds ground on USD-b
Apple to reopen about 100 US stores, most with curbside pickup
Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the
A gateway to transport and energy research: The Innovation and Networks Executive Agency
D Beckers, Director, Innovation and Networks Executive Agency, charts the important work of the organisation in supporting transport and energy research
Coronavirus deaths could top 18,000 in India, says public health expert
India is still in the ascending limb of the epidemic, said Prof D Prabhakaran, Director, Centre for Control of Chronic Conditions.On low mortality rate in India and possible reasons for it, he said we will know if the mortality is actually low when the epidemic ends
EUR/USD: The safe-haven US dollar is gaining some ground
EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal
Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs
The nationwide lockdown announced from March 25 brought the entire economy to a standstill .
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
Shenhua dangles N180m-a-week contract at Ighalo
Shanghai Shenhua has reportedly offered Odion Ighalo a new deal worth around £360,000-a-week (N180m) amid interest from Newcastle United....
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
Gold hits 2-week low on optimism around reopening of economies
Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.
The Blueprint For Rethinking Main Street
Now that stay-at-home orders are being lifted, Hunter Hall of the Main Street Business Improvement Association discusses what recovery should look like for SMBs.
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
Coronavirus company news summary – South Africa faces production hit – Poland faces outbreak among miners – Lithium producers struggle with demand slump
27 May The Minerals Council South Africa has warned that mining production in the country is likely to fall by...Read More...
Coronavirus: Testing rates slide as youngest death recorded
After a testing blitz, numbers of tests have fallen in the past week as economies open up.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
Analytics firm Bonza gets seed funding, releases COVID-19 data
The start-up has recently released data on the nationwide COVID-19 reproduction number (Rt) on its website.
India heatwave: Delhi temperature hits 47C as north India reels
Delhi saw temperatures hit 47C, the highest in decades for this time of year.
'Overall stable and controllable': Amid continuing standoff, China on situation at India border
China on Wednesday said that the situation at the border with India is 'overall stable and controllable,' and both the countries have proper mechanisms and communication channels to resolve the issues through a dialogue and consultation.
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
Boeing workers cope with the virus threat as layoffs loom
Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.
COVID-19: FG, Shell, Eni await new date for $1.1bn Malabu court case in Italy — Investigation
BARELY, a week after the London court had dismissed the $1.1 billion Malabu case, involving the purchase of Oil Prospecting Licence
$400-M ADB loan to fund PH capital market dev’t
The Asian Development Bank has approved a $400-million policy-based loan to support the government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
Outdoor spaces and improved transport options - how a new east Manchester arena could lead on sustainability as well as boosting the economy
OVG aim to make the proposed new east Manchester arena the most sustainable in the UK
55 Covid-related goods makers keen on investing in PH
Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.
Shares in Latin America's biggest airline plunge after bankruptcy filing
Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Aldi announces plans to open new store in Cork
Aldi has said that the new store will see “substantial investment” in the area.
CATL explores new EV battery services, to add capacity: chairman
BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Cotton trade body writes to Centre seeking early measures to control locust menace
The locust attack in parts of India is feared to pose a threat on the kharif cotton crop in the key growing States. The Cotton Association of India (CAI) has appealed to the Centre for taking immediat
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
Covid-19: Malaysia has sufficient supply of food and necessities, says minister
SERIAN, May 27 — Malaysia has sufficient supply of basic food and necessities to last during the current Covid-19 pandemic period, said Minister of Domestic Trade and Consumer Affairs (KPDNHEP) Datuk Alexander Nanta Linggi. He said the KPDNHEP, together with the Ministry of Agriculture and Food...
Only The Lonely Can Play
Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we
Innovating The ATM Beyond Cash
PYMNTS explores the influx in PPP loan applications, an overview of new ATM and ITM technologies and Redwood Credit Union's latest digital innovations.
Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake
The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Hundreds of masked guests line up as Tulalip casinos reopen
Tulalip Resort Casino and Quil Ceda Creek opened the doors on Tuesday after a two-month closure.
Coatbridge care home's remorse over breach of Covid-19 social distancing rules
DJ's morale-boosting visit saw vulnerable residents dance together and share a microphone
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
Nissan-Renault alliance to share more parts, technology
Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.
Stripe expands in Europe, adding five more countries
Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source
MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...
UK lockdown drives fastest growth in grocery sales for over 25 years
Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.
Stranded overseas, Chinese vent anger on aviation regulator
BEIJING (Reuters) - Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China’s aviation regulator.
Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020
The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.
Millions gone in Delta market fires - The Nation Nigeria
No fewer than 300 shops were on Tuesday razed in Asaba, the Delta State capital. Gone with shops were articles valued at millions
GBP/USD: At 1.38 by year-end in the best scenario – UBS
The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal
Coronavirus: 'Short-lived' rebound in house hunter demand
Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...
Gold Price Forecast: New Trend Lower is Forming
Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend
India wilts as temperature hits 50 degrees Celsius
India is wilting under a heatwave, with temperatures in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
Ola Electric buys Dutch scooter company Etergo valued at $92 million
Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
USD/BRL: 6.00 is a realistic upper barrier – Credit Suisse
Analysts at Credit Suisse think the more forceful FX intervention language and improved external sentiment warrant a range approach to USD/BRL, target
Gold prices hit 2-week low on reopening optimism
US gold futures were down 0.5 per cent to $1,697.60.
CPCB shuts UP distillery owned by Rana Gurjit kin, cites pollution
The CPCB also issued notice to the industrial unit, Rana Sugars Ltd (Distillery Division), at village Belwara in Moradabad, as to why a environmental compensation of Rs 3.16 crore should not be levied on it for the violations.
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
China has made great progress in Covid-19 vaccine research: Chinese Ambassador
China News: Chinese Ambassador to India Sun Weidong on Wednesday said that China has made "great progress" in vaccine research and development in the fight agains
World’s top companies, including Apple, borrowed $1 trillion in just five months
Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage.
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00
Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s
The full list of shops, restaurants and businesses the government has banned from reopening on June 15
Lockdown is easing, but not for everyone…
China to loosen flight restrictions after outcry from stranded citizens
Starting June 2020, the number of permitted flights in China will nearly triple to 407 per week
New Wetherspoons pub plan approved for Merseyside
The plan represents a £2.2m investment in the town
Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
Walmart partners with thredUP to offer new and pre-owned clothing
Shoppers can now purchase thredUP's secondhand wares through Walmart.com.
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
Using the cloud ensures business continuity in crisis
Business leaders dedicate the bulk of their time to strategizing for growth and longevity by equipping their organizations with the data and technology required to get things done smarter and faster. However, as is often the case, one small crisis like a security breach or a natural disaster can significantly compromise your business data and disrupt business continuity. To
HSA raises alert on 2 products, including coffee product with high levels of erectile dysfunction medicine
SINGAPORE: Members of the public have been warned against purchasing or consuming two products found to have "potent medicinal ingredients", the ...
Samsung Pay unveils its first debit card in partnership with SoFi
Samsung Money by SoFi combines a cash management account with no account fee and a Mastercard debit card with exclusive benefits.
10 million monthly active users on ZeeHindustan.in
With the aim of providing niche content in Telugu, Tamil, Kannada, Malayalam apart from Hindi, ZeeHindustan.in aims to provide a wide variety of news, views and analysis to the Indian audience in their own language.
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
A.O. Smith partners with FoxyMoron to enhance digital presence
The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement
Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout
The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.
Limpopo launches Covid-19 response plan after cases surge in mining towns
The Limpopo government has launched a Covid-19 surge plan as the number of cases continue to rise, especially in mining areas.
Heat warning remains in place for a third straight day
A cold front is expected to move in on Friday
Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
Mumbai returnee tag stigmatises guest workers
Villagers are scared that guest workers returned from places with high number of corona positives will spread the virus
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...
Air France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
Coinbase Set to Acquire Institutional Crypto Brokerage Tagomi
Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed tha
Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19
(Reuters) - Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.
AUD/USD plummets to session lows, further below 0.6600 mark
The AUD/USD pair extended its sharp intraday pullback from the highest level since mid-March and dropped to fresh session lows, below the 0.6600 mark
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
ZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Proposal For Trans-Tasman Bubble Considers Every Step Of A Passenger’s Journey
A proposed blueprint into how safe trans-Tasman travel could re-open is advancing fast, with a draft to be presented to New Zealand and Australian governments for consideration in early June.
GTA 6's release window possibly revealed by Take-Two
As reported by VentureBeat, Take-Two’s filing shows that it plans to spend $89 million on marketing between April 2023 and March 2024. That’s more than double the marketing budget for any other year over the next half a decade, suggesting…
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
Expect Canopy Growth Stock to Pass Its Big Earnings Test
CGC stock has rallied from March lows along with other cannabis stocks. As the sector shows signs of life, Canopy earnings need to be solid.
Pilot of the crashed plane did not open landing gear: ATC
Air traffic controller and approach tower controller have submitted their written statements
Despite lockdown orders, murder rates are rising in cities across America, Business Insider - Business Insider Singapore
Business Insider - Homicides in Nashville have spiked 233% during the pandemic. Houston, New York, and other cities have reported sizeable increases, as well.. Read more at businessinsider.sg
European Stimulus Plan Gives Markets More Momentum
Rising tensions with China did not dull the effects of a new fiscal stimulus proposal in Europe on markets, which
Ex-NY subway boss named to head London transit system
LONDON — Former New York subway boss Andy Byford has been named London’s new transit commissioner, overseeing Transport for London’s vast network of Tubes, trams, trains and buses.
Rodents compound woes of traders
Their population has seen manifold increase in closed showrooms
TV Stations in US Caught Airing Content Scripted by Amazon – Report
The media content in question emerged ahead of the annual meeting of Amazon's shareholders where worker safety issues were expected to be discussed.
A Cheeky Nando's is Back on the Menu
One of the UK's fast food staples is opening up its doors in a handful of locations, so you can once again confuse the Americans with suggesting a socially distanced cheeky Nando's. It doesn't take much.
Greater Than has launched a cloud-based loyalty program
Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.
Renault and Nissan rule out merger as they unveil survival plan
Companies to cooperate more closely on car production to save costs
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists
The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with t
Latest trends in Digital Transformation of Healthcare
Digital Transformation of healthcare is helping patients in need of on-demand healthcare with Big Data and ePharmacy. Watch the latest trends
Micron: Big Bets Are Being Placed
Institutional investors collectively bought about 3.5% (net buying) of Micron's total shares outstanding in the last 13F cycle. Moreover, 11 of Micron's 15 larg
NSW freezes public service pay to save $3 billion in pandemic
The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.
Pandemic puts spotlight on digital inequality in Brazil | ZDNet
Issues such as lack of connectivity among the poorest populations have become evident during the crisis, according to new research.
That's made up: Anies refutes business group's claim about reopening of malls
The third phase of restriction implementation in Jakarta could be extended.
Plane from Liverpool seen flying over the skies of Plymouth
Small plane is carrying out a mapping survey today
Free childcare has shown the benefits of generous government subsidies
The impact of the coronavirus shutdown is set to leave a permanent scar across the entire childcare industry.
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
Walmart partners with online fashion reseller thredUP
May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.
USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region
The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
South Africa’s 24-hour trend report – 26 May 2020
This is a summary of the trending, highest impact, and most active themes and their narratives related to social cohesion and division in South African public-domain social media conversations on 26 May 2020.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
UP’s Industrial Units Seek To Employ 5 Lakh Returnee Migrant Workers From Yogi Govt’s Skill Mapping Data Bank
An official spokesperson said that the Yogi govt was determined to ensure employment for all migrant workers.
Roche, Novartis highlight intensifying rivalry in eye disease, MS
ZURICH (Reuters) - Swiss drugmakers Roche and Novartis underscored how their portfolios are increasingly clashing on the commercial battlefield, announcing on Wednesday new data on drugs aimed at capturing market share from each other.
ALL McDonald’s drive-thrus in Suffolk to reopen next week
More than 1,000 McDonald’s drive-thru restaurants, including all sites in Suffolk, will be reopened to the public from next week.
Japan Plans Possible Flight Subsidies to Boost Tourism When/If Any Form of Normal Returns
Japan's tourism chiefs have revealed a quite staggering yet entirely believable modern statistic, showing that incoming tourism during the month of April fell by... go on, have a guess... 99.9 per cent. That left a mere 2,900 overseas travellers entering the country for a massively ill-advised and no doubt quite bizarre holiday during the month.
Freight companies 'on their knees and will fail' due to coronavirus pandemic
Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.
Dubai government offices to resume work with 100 per cent employees from June 14
From Sunday, May 31, government offices will start work with 50% staff
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure
The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting
Clarification to a Sunday Mail article dated 10/05/20: Scots banking tycoon accused of cashing in on coronavirus
We now accept that the source of the price increases was abroad and that Wright Cottrell had no control whatsoever of these market changes.
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...
More Unified Approach to Public Procurement Needed to Boost Kazakhstan’s Economic Recovery
Kazakhstan has made significant efforts over the past two decades to bring its public procurement system closer to international standards, but a considerable part of procurement activity has yet to meet these standards, thereby limiting overall effectiveness and efficiency, says a World Bank Assessment. “We acknowledge that the rules and institutions of Kazakhstan’s public procurement […]
Thai parliament urged to pass record $60-billion virus stimulus bill
'To get the country back on track...we urgently need the budget of 1.9 trillion baht,' says Thai Prime Minister Prayut Chan-o-cha
Inflation Fears In A Deflationary World
Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk
Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities
Tesla has received another bullish endorsement with the Wedbush Securities analyst Dan Ives raising the company's stock price target by 33%
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
Factbox: Key climate spending in EU's 'green recovery' plan
BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.
Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open
Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.
JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
Singapore: GDP could contract 4%-7% this year – UOB
Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
Amazon is planning a summertime sale separate from Prime Day
Amazon is planning a "Summer Sale" that would enable merchants to sell extra inventory they may have accumulated during the coronavirus pandemic.
Trying To Buy A Switch Now Is Just Ridiculous
The covid-19 outbreak created an economy of scarcity. Overnight, goods such as toilet paper, cleaning products, and hand sanitiser became valuable commodities. Meanwhile scalpers seized upon the opportunity to hoard and resell those items at ridiculous mark-ups. But as stocks are replenishing, one item that hasn’t...
Over 3,500 Shramik special trains ferried more than 48 lakh workers: Railways
Nearly 80% of total Shramik trains are destined for various destinations in Uttar Pradesh and Bihar, said Ministry of Railways.IRCTC has distributed over 74 lakh free meals and more than 1 crore water bottles to travelling migrants so far
Coronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery
With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.
Rabi crops not impacted by locusts; efforts on to prevent spread before monsoon to save kharif crops
Locusts -- the oldest migratory pest in the world -- entered India after travelling from Africa through Yemen, Iran and Pakistan. After massive devastation in Pakistan, the swarms of locusts have entered the country through Rajasthan and Gujarat.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Air France to cut 40% of domestic flights after bailout
Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe
India firm, won’t step back from areas where Chinese troops have intruded
India News: India will remain firm on the ground in the ongoing troop confrontations in eastern Ladakh where it said China has violated the unresolved boundary an
USD/CNY hits highest since September 2019 as US threatens sanctions
China's Yuan is taking a hit on Wednesday amid the dragon nation's rising tensions with the US and India. The USD/CNH pair is trading at 7.1565 at pre
Survey looks at binge-drinking, financial anxiety during COVID
TORONTO - A recent survey of about 1,000 Canadians suggests heavy drinking is highest among younger people and those worried about personal finances due to
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
German Company Combines Wind, Wave, & Solar Power In One System
Go big or go home. That seems to be the motto of SINN Power of Germany. Founded in 2014 by Phillip Sinn, the company's primary focus is
From Wall Street to Bethlehem, iconic sites reopen from virus
International Business News: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors on Tuesday from the coronavirus pandemic, but n
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Queues and limited browsing in store for English shoppers
LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Sweden touts the success of its controversial lockdown-free coronavirus strategy, but the country still has one of the highest mortality rates in the world
Some experts have said Sweden's risky strategy will eventually yield positive results, while others have highlighted serious pitfalls.
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom
Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus
Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul
Florida revenues fall by nearly $900 million amid pandemic
The state of Florida might have lost nearly $900 million in tax revenues in April, as the coronavirus pandemic siphoned away tourist dollars and other revenues from the state’s coffers.
Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair
Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.
China labels Abe's claim on origin of COVID-19 a 'politicization' of the deadly virus
Beijing says it opposes "stigmatization" of disease's beginning after Japanese leader calls it a "fact" that illness "spread from China to the world."
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
Coronavirus update: Air India staff on board Delhi-Ludhiana flight tests positive
According to the District Public Relations Office, the man arrived on May 25 by a domestic flight at the Sahnewal Airport. However, test results of 10 of his co-passengers have come negative
Amazon in talks to buy driverless car start-up Zoox
Acquisition would be first by ecommerce group of an autonomous vehicle company
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Japan eyes fresh US$1.1t stimulus to combat pandemic pain
TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
EU to unveil massive stimulus plan for post-coronavirus recovery
The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.
[Monitor] Air transport hit hardest by pandemic
The production performance of many Korean companies was found to have deteriorated in the first quarter this year due to the global economic downturn and the impact of the pandemic, latest data showed Wednesday. Local corporate tracker CEOScore surveyed 127 companies, which submitted quarterly reports and disclosed their production capacity and performance, among the nation’s top 500 companies. According to...
Bihar, UP outperform most states, Maharashtra tops with 15.26 lakh MSME registrations
As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka
Active Managers Continue To Flounder
Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
Boeing’s India operations to be largest outside US
India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component
Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now
This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
Private Labs, Take Note! ICMR Says Price Cap of Rs 4,500 For COVID-19 Test Not Applicable, States/UTs Advised to Negotiate
The ICMR has also asked states and Union Territories (UTs) to negotiate with private labs to fix "mutually agreeable" rates for the test.
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled
Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char
China’s Meal Delivery Service Meituan Now Valued At $100B
Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra
Amtrak set to cut up to 20% of workforce by October
Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
My Top New England Bank Pick For The 2020s
Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont
Government may get RBI to monetise deficit
India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Maharashtra: Nashik farmers unable to sell onions at fair prices
Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said
Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700
Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped
Covid-19: Most viruses, other germs do not spread easily on flights, says report
As a result of coronavirus pandemic, air traffic inside the US has come to a near halt. Air traffic is said to be down to about 90 per cent.
Cash payments declining as contactless methods become the norm - experts
COVID-19 has accelerated the shift away from cash.
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Top Stock Reports for Alphabet, Visa & Bank of America
Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).
800 export consignments stranded at Lagos ports
ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen
SANTELESAMISOK Launches New Entertainment Company, Paving the Way for Independent Artists
SINGAPORE, May 27, 2020 /PRNewswire/ -- Known as "SANTELESAMISOK", Ariffin Tahir is a force in the world of marketing and PR. After being motivate...
Australian construction work fell in Q1
The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
JP Morgan's chief economist optimistic about Taiwan's growth
Global investment bank forecasts Taiwan will have better financial rebound than most of world
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
Jio Fiber Offers Double Monthly Data to Annual Subscribers
The most premium Jio titanium fiber plan now offers huge 15,000GB monthly data benefits with new additional data from the annual plan.
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
OECD GDP Falls By 1.8% In The First Quarter Of 2020
Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.
Nokia shuts factory in Tamil Nadu after 42 test positive for COVID-19
Earlier this month, Nokia shut down its manufacturing plant in Tamil Nadu, India. The company made the move after employees tested positive for the Coronavirus infection. While the official numbers weren’t given out, a source close to the situation claimed that the infected number of people reached 42. Back when the COVID-19 cases had initially …
Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been.
AUD/USD trades with modest losses, just below mid-0.6600s
The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
GBP/USD: Supported but with no room to rise – OCBC
The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut b
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Pak air crash: Airbus experts begin probe, inspect runway, traffic control
The team of experts from an Airbus facility in the French city of Toulouse reached Pakistan on Monday to carry out an independent probe into Friday's mishap
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
French economy to shrink by 20% in second quarter as recession deepens
France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…
NSW to kick-start renewable energy investment
NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.
View: Can India benefit from the world’s frustration with China?
India lacks the sophisticated infrastructure which gives China an edge in manufacturing.
USD/JPY on the defensive around mid-107.00s, below 50-DMA
The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined in a narrow trading band around mid-107.00s. The
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
Confusion still prevails, 357 passengers arrive in Chandigarh
A total of 357 domestic passengers arrived at the airport on different flights and 257 passengers departed from the airport till 6 pm.
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
TN inks mega investment pacts worth Rs 15,000 crore
Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
Nokia shutters manufacturing plant as employees test positive for Covid-19
Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Geopolitical time bomb ticks under market rally
Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.
South African Airways aims to resume domestic flights in mid-June
SAA, which is under a form of bankruptcy protection, suspended all commercial passenger flights in late March, when the government imposed one of the strictest lockdowns on the African continent.
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
Chinese team summits Everest amid bid to remeasure peak
A 53-member team from Chinas Ministry of National Resources has been conducting scientific work on Everest since early March.
Opportunities Emerge In Mid-Caps And Small-Caps - Weekly Market Notes May 26, 2020
All fifty states have now allowed some businesses to re-open and this has added fuel to the stock market rally last week. The market seems to be pricing in a qu
COVID-19: At 0.46 per cent, Odisha's fatality rate among lowest in India
The recovery rate was also high at 48.25 per cent while the India average was 41.61 per cent. As many as 732 patients have recovered in the State so far.
Detroit to Get Mask Factory With Investment From Bangladesh
Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.
Myer Ballarat shoppers evacuated onto Sturt Street
Ballarat's Myer store has been evacuated on its first day back since the end of March.
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Halfords to reopen 53 stores after physical-distancing trial
Customers allowed in store for first time since UK coronavirus lockdown started on 23 March
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Bike-sharing services get commuters to drive less
When bike-sharing services open in cities, more people start to commute by bicycle and take public transit, new research shows.
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Alibaba Records Only 9% Lower Profit Than Amazon But Trails By 4x In Revenue
Data gathered by Learnbonds.com shows that Chinese internet company Alibaba registered 9.3% lower profits compared to United States’ Amazon. The data further shows that there is a significant gap in revenues between the two companies by at least four times for the financial year ending March 31, 2020.
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Austria’s efforts to accelerate its clean energy transition
Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union. To meet this ambitious deadline, the Austrian government will need to significantly step up decarbonisation efforts across all parts of its energy sector, the International Energy Agency said today in its […]
Australian businesses in China urge focus on 'common ground'
While openly confident about trade between the two countries, executives on the ground in China privately fear action beef and barley shipments could be just the beginning.
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
EUR/USD: The 1.1012 200-day ma to cap advances – OCBC
The EUR/USD may be headline-driven, as the Franco-German virus recovery plan is tabled for discussion today. Terence Wu, an FX strategist at OCBC Bank
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
Residents who beat gas power station now 'urging support' for energy firm's Plan B
"We are urging everyone to support the planning application"
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
Coronavirus: Most viruses, germs don’t spread on flights, says US public health agency
The Centers for Disease Control and Prevention also said that physical distancing is difficult on flights which may increase a passenger’s risk to Covid-19.
EcoCash court bid hits brickwall
The High Court has dismissed Econet Zimbabwe's mobile money platform, EcoCash's application which sought to interdict the Reserve Bank of Zimbabwe (RBZ) from su...
Pani Puri Stall Reopens In Delhi's Chawri Bazar Amid Lockdown4
After the Centre allowed some relaxations in the fourth phase of the ongoing nation-wide lockdown to tackle the spread of coronavirus, street food was seen being sold by a vendor in Delhi's Chawri Bazar area.
RBA governor expected to be more upbeat
Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.
EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank
EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
Dundee Michelin boss John Reid appointed National Manufacturing Institute Scotland chief executive
The National Manufacturing Institute Scotland has appointed Michelin Dundee boss John Reid as its chief executive.
The vicious fight over the human cost of lockdown
The unexpectedly low COVID-19 death toll has triggered bitter, and public, arguments among Australia's top university economists.
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
US Dollar Index treading water above 99.00
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
US DOJ closing insider trading probes into three senators, reports WSJ
WASHINGTON, May 27 — The US Department of Justice is closing probes into three US senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported yesterday, citing people familiar with the matter. The three senators include Republicans Kelly...
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Server PCB makers see bright shipment prospects for 3Q20
Server PCB specialists Tripod Technology, Gold Circuit Electronics (GCE) and Allied Circuit have seen clear order visibility through the end of July and are optimistic that their shipments for servers and networking equipment will remain robust throughout the third quarter, according to industry sources.
USD/CNH faces further upside pressure – UOB
FX Strategists at UOB Group expect USD/CNH to edge higher in the near term. Key Quotes 24-hour view: “USD traded between 7.1355 and 7.1491 yesterday,
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Largan sells China plant
Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.
Cotton Association draws Agriculture Minister's attention to locust attack
"We request the Agriculture Minister to take appropriate steps at the earliest for controlling these locusts attacks and also to advise the concerned central and state government agencies to issue necessary guidelines to the farmers in order to protect their interest and jointly fight against this menace," said Atul S Ganatra, president, CAI.
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
Almost 750,000 drivers had motors MOT'd in April despite lockdown and six-month test exemption during pandemic, DVSA reveals
Motorists were urged to not use their cars as part of stricter lockdown rules in April, with only front-line and essential workers allowed to continue driving and have vehicles MOT tested.
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
Honolulu shines in nationwide solar study released today | Honolulu Star-Advertiser
For the seventh year in a row, Honolulu topped a list of 50 cities nationwide for solar PV installed per capita; it also placed third in total existing solar PV capacity installed to date, according to a survey of 5o large urban centers released today by the nonprofit organizations Environment America Research & Policy Center and Frontier Group.
The editor-in-chief of the Journal of the American Medical Association explains how a medical study gets published, Business Insider - Business Insider Singapore
Business Insider - "Two-thirds of papers are rejected without external peer-review," JAMA's Howard Bauchner told Business Insider.. Read more at businessinsider.sg
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
Genesis Energy LP: Too Risky For The Current Environment
Even though it shows some rebound after March lows, Genesis Energy LP remains a risky buy in the current environment. The stock shows high volatility and a high
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
News Corp to stop printing more than 100 Australian regional papers
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Elgi Equipments to shut Chinese subsidiary on poor show
These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
Exxon shareholders soundly reject splitting CEO/chairman roles
(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
The coronavirus has killed more than 100,000 Americans in just over 4 months, Business Insider - Business Insider Singapore
Business Insider - More than 83% of those deaths could have been avoided if the US had locked down two weeks earlier, some research suggests.. Read more at businessinsider.sg
Workplace norms after Covid-19 outbreak: Preparing for the new normal
The need of the hour is to rethink organisational transformation, ensure the safety of our employees and re-align operations to help our customers
'Trans-Tasman bubble' between Australia and New Zealand could open in September
A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...
Boeing to axe 12,000 US workers even as Max assembly resumes
Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’
No screams please: Japanese funfairs prepare for virus era
TOKYO, May 28 — No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era. As Japan’s funfairs slowly reopen, a group of park operators have released...
WTI slips below $32.00 after huge API build joined trade/political tension
WTI fails to carry the pullback from $32.00 while taking a U-turn from $32.50 to currently around $32.30 amid the initial Asian session on Thursday. W
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
Your friend in distress could be an e-fraudster
India Business News: Although economic activity has come to a near standstill due to the lockdown, there is no let-up in online crime. Fraudsters have managed to steal fro
Dudu Myeni was prepared to cause ‘untold harm to SAA and the SA economy’
Parsing a word cloud from the judgment handed down in the North Gauteng High Court declaring Dudu Myeni a delinquent director for life, paints a devastating portrait of the former SAA board chair and friend of Jacob Zuma’s character and mien.
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
By Deisy Buitrago CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore
Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
WA sends bureaucrat to China on 'Belt and Road' mission after Premier rules out deal with Beijing
The WA government has sent a senior bureaucrat on a mission to China organised by an organisation advising the Victorian government on its Belt and Road Initiative deal with Beijing.
America to face the hardest job losses due to pandemic, ILO says
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organisation (ILO) said on Wednesday.
WA sends bureaucrat to China on 'Belt and Road' mission after Premier rules out deal with Beijing
The WA government has sent a senior bureaucrat on a mission to China organised by an organisation advising the Victorian government on its Belt and Road Initiative deal with Beijing.
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
Qantas wins Australia’s trust, but caution it might fall from grace
Qantas is the fairytale story emerging from early pandemic polling, leveraging its 'mercy flights' to catapult into Australia's third most trusted brand –
Filing annual returns: LIRS extends deadline to June 30
Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing of Annual Tax Returns to June 30 due to Coronavirus pandemic
Discounts are widening the audience for private jets
The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
Opinion: The pandemic has exposed the crack in our fiscal armour
Almost instantly, the COVID-19 downturn proved Canada’s EI system is too slow, too exclusionary and hardly up to task
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
Huawei CFO Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
USTR office: Strongly disagrees with US Court of International Trade's decision...
Early Thursday morning in Asia, the US Trade Representative's office (USTR) marked its disagreement with the US Court of International Trade's decisio
Hundreds of jobs to go as News Corp confirms restructure
News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.
A Selection Of Appealing Nanocaps
We discuss a selection of nanocap companies with operational and valuation attributes which make them appealing to certain types of investors. Three community b
Value hunting? This stock market has become mouth-wateringly cheap
Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Hyundai Motor Group to get electric vehicle batteries from LG Chem
Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors has picked LG Chem as one of the battery suppliers for its ...
Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...
ICAI aims for transparency in Covid-era accounting
India Business News: Will the company be able to continue its operations? Or to paraphrase in accounting terminology — will it be a going concern? In the pre-pandemic era,
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
Communications Systems: Needs Sustained Bottom-Line Growth To Move The Share Price
Firm posts negative earnings in the first quarter. Once again this showed that the company is absent any real competitive advantage. No need to push the boundar
RIL launches WhatsApp chatbot to answer rights issue queries
Reliance Industries Ltd (RIL), a company controlled by Asia’s richest man Mukesh Ambani, has launched a chatbot to provide answers to shareholders on its ₹53,125-crore rights issue.The chatbot, the fi
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Uday Kotak wants world to 'hire Indians', says country capable of producing top-class human capital
The Kotak Mahindra Bank CEO rejected the notion that Indian engineers are inferior to the ones in the US.
John Lewis reveals exact date for reopening of Ipswich store
Retailer John Lewis has revealed Ipswich will be one of the first locations to reopen among a handful of UK branches.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
Govt may launch coal blocks auction under commercial mining on Jun 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
Man in India who sold his goats for airline tickets will finally fly home
IndiGo, India’s biggest airline, has agreed to help a migrant laborer and two others fly home from Mumbai after an earlier flight he paid for by selling family livestock was canceled.
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
COVID-19 lockdown: Tourism ministry extends validity of approval, classification of hotels till June end
Due to the postponement of inspection work and application scrutiny during the lockdown period, it has decided to allow six months' relaxation or extension to all categories of tour operators.
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
World Bank approves $346m for projects in Nigeria, others
Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
ICMR asks states to revise cost of Covid-19 test; material cost may reduce
India has reported a total number of 1,51,767 cases of coronavirus, of which 64,425 have been cured/discharged while 4,337 have lost their lives
Dropped plans revealed for AJ Styles on RAW before he was traded to SmackDown
AJ Styles was traded to SmackDown this past week, after a year-long stint on WWE RAW.
Coronavirus fines in north drop from almost 400 to 30 in a month
The number of fines issued by the PSNI over social distancing rules dropped from nearly 400 to 30 in a month, it can be revealed.
Factbox: Renault and Nissan's plan to rebuild their alliance
TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.
After Twitter erupts with disgust, Kent apologises for hurting sentiments, takes down 'insensitive' advertisement
After it received massive backlash for an advertisement portraying domestic helps as infection carriers, Kent RO Systems on Wednesday said that it has taken down its controversial and insensitive 'Atta & Bread Maker' ad.
Capacity could be reduced by 87% in pubs due to 2m social distancing rule
The typical bar or restaurant in Ireland could face an 87% reduction in capacity if the 2m social distancing advice remains in place when they re-open. Capacities in pubs and bar/restaurants will drop...
California eases pandemic restrictions; New York Stock Exchange opens
SACRAMENTO, Calif., - California, the most populous U.S. state, took another step toward ending sweeping lockdowns imposed to contain the coronavirus pandemic, allowing barber shops and hair salons in most counties to operate for the first time in more than two months.
UP to bring industry chambers on board for providing jobs to migrants
So far, the state has evacuated more than 2.5 mn stranded workers
Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns
The migrant laborers who staff American meat plants, construction sites and delivery services are working through the pandemic – and sending more funds back home than ever.
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
EU proposes $825 billion COVID-19 'Recovery Plan for Europe'
May 27 (UPI) -- The European Union on Wednesday proposed a $825 billion stimulus plan to help stabilize member states amid a recession brought on by the COVID-19 crisis.
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
Not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership
Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
Tesla cuts prices by as much as 6per cent in North America to boost demand
BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Drone service launches in US to deliver medical supplies by air
Drone start up Zipline has collaborated with a health network in North Carolina to deliver much-needed medical supplies to medical centres.
Kia Evaluating Bringing ‘Soul’ To The Indian Market – Report
The Kia Soul is offered with two different ICE powertrains in the foreign markets, including a 2.0-litre NA petrol unit, along with a 1.6-litre turbocharged petrol motor
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Dundee retailer fully opens to the public for the first time in two months with extensive social distancing measures
A limited number of customers, queue marshals, cleaning stations and warnings not to handle products.
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
HONOR 9X Lite Malaysia price announced for RM699 with Magic Earbuds and weighing scale bundle
In this short news announcement, HONOR Malaysia have finally announced the official price tag for the HONOR 9X Lite, HONOR Magic Earbuds and HONOR Scale 2. Launching officially from today onwards (27 May), the Magic Earbuds and Scale 2 are part of the 9X Lite bundle which is RM699 in Emerald Green and Midnight Black.
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
Americas will be hardest hit by COVID-19 job losses: International Labour Organization
The outbreak also risks creating a "lockdown generation" of young people forced to play catch-up on the labour market for at least 10 years, the Geneva-based body said.
Postmedia to lay off 40
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
Safeguarding the source of three of Asia's great rivers
It is official. Everything is on track for the establishment of the Three-Rivers-Source National Park (TRSNP) in China, which—as its name suggests—protects the source of three of Asia's greatest rivers: ...
Ex-TTC CEO Byford to be London Transport Commissioner
Andy Byford, the Briton lionized as New York City’s “Train Daddy,” is to be London’s new Transport Commissioner, taking up the role in June.
France GDP could fall 'around 20%' in second quarter: Statistics agency
France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore
Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg
Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned
Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg
Overall stable and controllable: China on situation at India border
China on Wednesday reiterated that its stance on the border issues with India is consistent and clear, stressing that the situation in the China-India border area is "overall stable and controllable."
Coinbase Buys Tagomi to Boost Institutional Trading
Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
Amid global pressure, China takes U-turn, says COVID-19 virus has ‘multiple origins’
In March, a draft proposal to the UNSC prepared by Estonia highlighted “growing concern about the unprecedented extent of the COVID-19 outbreak".
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
Israeli startup D-ID Raises $13.5 Million as Part of Series A
D-ID, an Israeli tech startup, has raised over $13.5 million in a Series A funding round that reportedly closed last month. The funding was led by AXA Venture P
Balochistan registers 16pc increase in Covid-19 recovery rate: spokesperson
QUETTA: Balochistan government spokesperson Liaquat Shahwani on Wednesday said that the recovery rate in the province, which had decreased to 13 per cent over the last few weeks, has risen to 29 per c
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Arabian Sea to soon host twin low-pressure areas
Monsoon building in right earnest
Wednesday’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.
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high
The GBP/USD pair retreated nearly 100 pips from the daily swing high and refreshed session lows, around mid-1.2100s in the last hour. The emergence of
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Tower FM is being shut down after broadcasting local radio to Bury and Bolton for 21 years
The local radio station for Bolton and Bury is set to be re-branded as the nationwide Greatest Hits Radio from September
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Oman to lift lockdown on Muscat from Sunday
As per the new decisions, public sector employees will resume work gradually
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
Two-thirds of businessmen say cyber crime could occur more during Covid-19 than before: Survey
The CrowdStrike Work Security Index has said that there was a 100x increase in Covid-19 themed malicious files between February and March.A total of 4,048 senior decision-makers in India, Australia, F
Americas will be hardest hit by Covid-19 job losses, says ILO
GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
Ferrari Isn't What It Was
RACE is facing unprecedented issues in its engines and F1 revenue streams. Margins have plateaued with downside catalysts aplenty, but no meaningful upside cata
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
7 Cheap Stocks to Buy With Great Potential
In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore
Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg
BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime
Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
McDonald's, Primark, IKEA and Poundland among major chains making announcements ahead of June 15
Including McDonald's Drive Thru branches and Primark stores
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
Engineering firm Downer secures $294m Eliwana contract from Fortescue
Downer EDI has secured a contract from Fortescue to complete works at the Eliwana iron ore mine in the Pilbara region of Western Australia.
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
UK tells EU: break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Cambuslang hairdresser on why safety has to come first before resuming her business
Barbara Fraser fears her business could take a serious hit even after lockdown is eased
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
'Unprecedent collapse' in overseas visitors as air and sea travel fall 99% in April
Just 16,100 people arrived in Ireland last month, according to the CSO.
FSMA: Belgians Traded 5 Times More BEL 20 Shares amid COVID-19
According to the Financial Services and Markets Authority (FSMA), a Belgian regulator, investors traded BEL 20 shares up to five times more.
123 new cases of coronavirus confirmed
Coronavirus cases hike to 1471 after 123 test positive
Bengaluru's civic woes may worsen as projects held up due to fund, labour crunch
The city’s civic body has said it was looking to complete projects where work has begun and may not be able to start new ones listed in its ₹10,895.84 crore budget for this year
Google faces antitrust case in India over payments app: Report
India Business News: The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote it
French team visits plane crash site, demands complete record of A320
French team visits plane crash site, demands complete record of A320
Two Russian fighter jets 'buzz' a US reconnaissance plane and come within FEET over the Mediterranean provoking Navy fury at 'unsafe' manuever
The Su-35 fighters surrounded a P-8A US plane as it flew over the Mediterranean Sea on Tuesday, the US Navy revealed in a statement.
Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2
The contraction in the Q1 FY21 GDP may be as high as 40 per cent.
Oman to lift lockdown on Muscat from Friday
As per the new decisions, public sector employees will resume work gradually
Nissan and Renault unveil steps to cut costs and revamp alliance
Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
SBI gives covid relief, extends loan EMI moratorium; starts notifying borrowers via SMS
According to the PSU lender's press release, it has "proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions (SIs) / NACH mandate for the EMIs falling due in June, July and August 2020."
Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain
Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.
Passenger on Alliance Air's Delhi-Ludhiana flight tests Covid-19 positive
According to the spokesperson, there were 36 passengers and five crew members in the flight.
UP eyeing post-covid investment from US, Japan, Korea: Industry minister
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
Tokens for free June rations to be distributed from May 29
In a an official release on Wednesday, Chief Minister Edappadi K. Palaniswami said the tokens would bear the specific date and time of when consumers could go to their ration shops and get their supplies from June 1
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
Japan eyes fresh $1.1t stimulus to combat pandemic pain
The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.
PBoC: China to roll out 11 financial reform measures in near-term
The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee
Rapid coronavirus test closer to market thanks to industry partnership
The portable testing device can carry out six highly accurate tests every 30 minutes, and quickly determine if someone has Covid-19.
Covid-19 highlights importance of agri storage
Promoting storage capacity of food grains at the Gram-Panchayat level will go a long way in making villages and farmers self-reliant
China to increase international flights if virus under control: regulator
BEIJING (Reuters) - China’s aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media China News reported on Wednesday, citing the agency’s deputy director, Li Jian.
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
Top headlines: Google faces antitrust case in India, Ola buys Dutch firm
Business Standard brings to you the top headlines of the day
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
Staffing giants join forces to decode COVID-19 puzzle
Give a clarion call: ‘Help India Get Back to Work Safely’
EUR/GBP clings to gains near daily tops, still below mid-0.8900s
The shared currency caught some fresh bids in the last hour and lifted the EUR/GBP cross to daily tops, around the 0.8935 region. The cross stalled it
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
In Spain, food aid queues grow as poverty outpaces 2008 crisis
MADRID, May 27 — Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. Jacqueline Alvarez, 42, is picking up basic foodstuffs in the working-class...
S&P 500: No supports of note broken – Credit Suisse
S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore
Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg
Coronavirus: What is involved in the EU’s recovery plan?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
Rapid coronavirus test closer to market thanks to industry partnership
The portable testing device can carry out six highly accurate tests every 30 minutes, and quickly determine if someone has Covid-19.
Banks go digital to maintain social distancing in post Covid world
Contactless services set to gain ground
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
Facebook Stock to $1,000? It’s Possible Now Thanks to Shops
Newly announced Facebook Shops is a game-changer which cracks the ultra-valuable social commerce code, and could push FB stock to $1,000.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore
Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019
ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.
NZD/USD trades at fresh multi-month highs above 0.6200
The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel
Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.
It’s Time to Take Ford Out to the Junkyard
Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.
Boeing set to announce significant US job cuts this week: union
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
EU to propose €750bn Covid recovery package for states
Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit
People out, rats move in
Vancouver business owners might be in for a squeaky surprise when they return to the workplace.
Sharp IT budget cuts expected in wake of COVID-19
Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
New Finas chairman pledges to strengthen creative industry
KUALA LUMPUR, May 27 — The new chairman of the National Film Development Corporation Malaysia (Finas), Zakaria Abd Hamid, will meet stakeholders of the arts industry soon to discuss its direction and ways to strengthen development of the local creative industry. Zakaria said he is committed to...
WTI attempts a bounce above $34 mark ahead of API data
WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Boeing set to announce significant US job cuts this week: Union
Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union
USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank
The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b
Social distance fines in Northern Ireland drop from almost 400 to 30 in a month
The PSNI issued 30 penalties in May compared with 374 between the end of March and April 24.
Situation at Sino-India boundary ‘stable and controllable’, says China
The Chinese foreign ministry spokesperson said China was following the “important consensus” reached by the two leaders of India and China and was “…strictly observing the agreements between the two countries”.
XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports
There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Amazon in advanced talks to buy self-driving startup Zoox - WSJ
Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
McDonald's shares exact date every drive-thru in UK and Ireland will reopen
EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed
Social distance fines in Northern Ireland drop from almost 400 to 30 in a month
The PSNI issued 30 penalties in May compared with 374 between the end of March and April 24.
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad
Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
EU to unveil virus recovery plan amid split over way ahead
The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
Renault and Nissan scrap Ghosn strategy in move to slash costs
Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Samsung eyes payments security boost with new chip
Samsung Electronics’ semiconductor division unveiled its next generation security chip and related software, marketing the ...
IOTA Foundation and Law Firm Dentons Present DLT-Powered Digital Health Passport
In the recently concluded Global Legal Hackathon, Germany-based IOTA Foundation and U.S.-based law firm Dentons developed a distributed ledger technology-based (DLT) digital health passport called Selv.
Boeing set to announce significant US job cuts this week: Union
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".
Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19
Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19
Boeing set to announce significant US job cuts this week
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of
Coronavirus Impact: Shapoorji Pallonji Real Estate bets big on digital, to redirect ad spends on digital marketing
The company plans to redirect around 50% to 60% of its ATL spends towards digital marketing which takes the tally to over Rs 10 crore
Sky customers will notice a brand new channel from today
The channel will air documentaries on Stephen Hawking, Tina Turner, Steve McQueen and more
Boeing slashes 12,000 jobs
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.
Official employment survey may capture migration
The ministry of statistics and programme implementation is examining changes that may need to be carried out to assess the extent of unemployment post the reverse-migration in the Periodic Labour Force Survey. The idea is to get a better sense of employment as migration from cities, post-Covid pandemic and lockdown, has been in large numbers.
Here’s How to Make a Safer Wager on Penn National Gaming Stock
Today’s PENN stock price deserves a new strategy that plays a bit like craps. It uses the options market to leverage more upside.
Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo
Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D
Need funds after job loss? Your life insurance policy may help you get it in an easy way
People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.
Nordstrom Needs to Bring Back What Made it Special
Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
'Dangerously naive': APRA warns the worst is ahead
The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis
The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
Intel Remains A Blue-Chip Stock to Buy Post-Pandemic
Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.
WHO expects hydroxychloroquine safety findings by mid-June
"A final decision on the harm, benefit or lack of benefit of hydroxychloroquine will be made once the evidence has been reviewed," the body said. "It is expected by mid-June."
Use of Nottingham’s food banks has surged during coronavirus pandemic
There's increased demand above normal levels by 33 percent or more
Companies Act amended to make PM CARES Fund eligible for CSR contributions
Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.
Social distance fines in Northern Ireland drop from almost 400 to 30 in a month
The PSNI issued 30 penalties in May compared with 374 between the end of March and April 24.
Israel Rejects Chinese Bid to Build World's Largest Desalination Plant
Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...
Intuitive Surgical: The Growth Leader In Surgical Robotics
Intuitive Surgical is the global leader in surgical robotics. The company has produced outstanding growth rates in both revenue and cash flow over the years. In
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
Rapid coronavirus test closer to market thanks to industry partnership
The portable testing device can carry out six highly accurate tests every 30 minutes, and quickly determine if someone has Covid-19.
McDonald's sets exact date every branch in UK will reopen
More than 1,000 are throwing open their drive-thru lanes
Buy Carrier Global As Potential Asset Sales Will Reduce Debt
Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl
Quarter-of-a-mile queue forms at tip on first day of reopening
Keynsham Recycling Centre opened today at 8am
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
Working at the pace of change
Following the launch of tech firm TSG’s online portal to help Jersey’s care organisations order desperately needed PPE equipment quickly and easily, Ian Heath spoke to Andy Delaney about his team’s effort in the battle against the coronavirus pandemic
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
EU proposing €750bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
Stock Market Investment in times of Covid-19: Time to rebalance your portfolio, stay invested for long term
Stock markets are hard to predict. The best way to time the market is to remain invested in the market.
Takeovers Panel Responds To Metlifecare’s Application For Letter Of Intention
The Takeovers Panel has reviewed the information proposed to be put by Metlifecare Limited (Metlifecare) to its shareholders for the purpose of voting on a scheme of arrangement (the Proposed Scheme) to effect the acquisition of 100% of the ordinary shares in Metlifecare by Asia Pacific Village Group Limited (APVG).
Kuwait MP set to grill finance minister over fund corruption
The corruption case involves a Malaysian Fund and a Chinese company
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Redmi Earbuds S will be Available for Sale Today with an Affordable Price -
The demand for true wireless earbuds in the market is constantly increasing and in view of the demand from the
McDonald's confirms date it will reopen 975 branches in the UK
This will take the total number of McDonald's restaurants back open to 1,019
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
Flying high: How young pilot Aswini helped transport essentials during lockdown
The 27-year-old recalls how challenging the last couple of months have been
Search For Missing Trampers Resumes
The search for missing trampers Dion Reynolds and Jessica O'Connor resumed at first light this morning.
Nine people rescued from beach at Whitsand Bay
Off-duty lifeguards and members of the public saved them from the sea at Tregonhawke on Bank Holiday Monday
Blowout At Oil India Well In Assam, Villagers Shifted To Safety
Residents near an oil well of Oil India Limited in Assam's Tinsukia district had to be evacuated after a "blowout" on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems failed.
'Put them in a spacecraft and fly them to Mars': Abigail Disney hits out at 'feral' billionaires, saying Bezos has transformed into Darth Vader, Elon Musk is a narcissist and Peter Thiel is a menace
Answering who the 3 most 'toxic billionaires' were, Abigail Disnet named Jeff Bezos, Elon Musk and Peter Thiel. She said Bezos was like Vader.
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Lufthansa bailout 'in Europe's best interests'
German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
'Reborn' Swiss to drop most virus restrictions on June 6
Switzerland announced Wednesday it would remove most of its remaining coronavirus restrictions on June 6, when all leisure and entertainment activities can resume if appropriate precautions are in place.
EU reactions to Commission 750 bln euro coronavirus recovery scheme
BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan
Globe cellsite builds bring jobs, good employment benefits
One of the hardest sectors hit by the implementation of the Enhanced Community Quarantine (ECQ) is the country’s workforce. The travel restrictions, health protocols, and practically stoppage of thousands of companies and industries all over Luzon have resulted in many layoffs and changes on how people work as compared to the pre-COVID19 routine.
Nigeria to benefit as World Bank approves $346m for Lake Chad countries
The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region
Flights to Kolkata from Mumbai to begin on May 28
No flights to Chennai, Goa till May 31
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
Reopened US car factories see coronavirus cases as production rolls on
In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US
We lost the war in Afghanistan — time to come home, Business Insider - Business Insider Singapore
Business Insider - The US has suffered thousands of losses and spent trillions of dollars in Afghanistan and has nothing to show for it.. Read more at businessinsider.sg
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Easing COVID-19 restrictions: UAE government employees return to offices from Sunday
Attendance rate starts at 30% as a minimum and gradually increases based on developments
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
Number doubling every 14 days, nearly 23,000 cases likely by June 30, says PMC
In areas under the PMC jurisdiction, of the 273 deaths will May 26, 80 deaths were in the age group of 60-70 years, 58 were in the age group of 50-60 years, 57 in the age group of 70-80 years and 37 in the age group of 40-50 years.
Eskom sees lower risk of power cuts during winter
Load shedding at Stage 1 only, and for just three days.
SEZAD keeps project deadlines while ensuring COVID-19 safety
While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.
Yintech Investment Holdings Limited (YIN) CEO Wenbin Chen on Q1 2020 Results - Earnings Call Transcript
Yintech Investment Holdings Limited (NASDAQ:YIN) Q1 2020 Earnings Conference Call May 27, 2020 8:00 AM ET Company Participants Yvonne Young - Investor Relations
Lockdown-hit farmers in Prakasam press for loan waiver
The All India Kisan Sangharsh Coordination Committee in Prakasam district has urged the Centre to announce a special financial package for farmers who are struggling to cope with the lockdown imposed
Mint Lite | Foreign fund bond holdings at three-year low and other news to know
Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript
ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden
Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T
Flights to Kolkata from Mumbai to begin today
No flights to Chennai, Goa till May 31
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
7 red flags to be on the lookout for when restaurants reopen, Business Insider - Business Insider Singapore
Business Insider - Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.. Read more at businessinsider.sg
Ritchie Street shoppers park on Anna Salai, hinder traffic flow
Lanes leading to the electronics hub have been barricaded
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
Publicise WhatsApp numbers of shopkeepers, avoid complete shutdown, Bombay HC tells authorities
The petitioner told the court the authorities had announced a complete shutdown in containment zones from May 15 to May 20, causing inconvenience to both the consumers and shopkeepers selling essential goods.
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis
"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
ASX to rise as Dow, S&P advance
Australian shares are set to open higher with the Dow retaking the 25,000 mark and the S&P 500 closing above 3000.
Seven more positive cases in Alappuzha
Biggest single-day spike in cases in the district
Roam Mobility ceasing operations June 30, 2020
Canadian-U.S. roaming service Roam Mobility has announced that it will "cease operations" on June 30, 2020.
PGCIL Recruitment 2020: Jobs alert for Power Grid Corporation vacancies; check application details
PGCIL or Power Grid Corporation of India Limited is a Maharatna company which falls under the Ministry of Power, Government of India.
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Gold picks up as market sentiment sours
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are
Ralph Lauren Remains on Offense in COVID-19 Crisis
The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.
Vijay Mallya’s extradition delayed, speculation mounts over his application for asylum
India Business News: Vijay Mallya’s extradition has been delayed and it could be months before he is brought back to India. It is understood that the UK home office has de
Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs
Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.
MSMEs set new world record for largest online business lesson
The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.
Curfew drops banking hours
According to the Kampala capital City Authority (KCCA), Kampala city roads have a carrying capacity of approximately 45,000.
Punjab decides to hike MBBS fee in govt, private colleges
With the massive surge in the price index in the years thereafter, these colleges are facing fiscal problems and are unable to meet the norms of Medical Council of India, thus necessitating a fee hike
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
Android devices on older firmware exposed to security vulnerability, warns SingCERT
SINGAPORE: Android devices running on operating system versions 9.0 and earlier - or about 90 per cent of users - may be exposed to a security ...
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
Two passengers on Ahmedabad-Guwahati SpiceJet flights test Covid-19 positive
Passengers had travelled on SG-8194 (Ahmedabad-Delhi) & SG-8152 (Delhi-Guwahati).'The operating crew has been quarantined and SpiceJet is coordinating with government agencies in notifying other passengers who had travelled with them,' the airline said
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors
It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
Helping supply chains recover
Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Greek PM praises 'huge step' of European recovery bid
Greek Prime Minister Kyriakos Mitsotakis on Wednesday hailed a proposed EU coronavirus recovery package as a
Boeing Slashes Over 12,000 US Jobs Amid COVID-19, Thousands More Planned
Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Elbit Systems Firing On All Cylinders
The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe
Favipiravir drug working better on Covid patients
Hyderabad: City-based pharma firm Raghava Life Sciences Pvt Limited (RLS), which is into API production, on Wednesday claimed Favipiravir antiviral drug has been producing better results in treating...
Postmedia to lay off about 40 employees after unions reject salary cuts
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
Building an unbeatable business starts with the innovation stack | ZDNet
Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin
MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further
Postmedia to lay off about 40 employees after unions reject salary cuts
TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
NASA set to resume human spaceflight from US soil with historic SpaceX launch
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on ...
Paid lodging may soon be an option for transit passengers at Chennai aiport
Government considering setting up facility where they can stay during layovers
Consumers can now book LPG refills on WhatsApp
A company source said since many consumers were comfortable using the messaging application on their smart phones, the company was offering this option too.
Government tracks package rollout to gauge impact on ground
Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.
G.R. Chintala is new chairman of NABARD
G.R. Chintala is the new chairman of the National Bank for Agriculture and Rural Development (NABARD). He has served in various capacities in the bank, including as managing director, NABARD Financial
Florida's Disney, SeaWorld parks to reopen within weeks
May 27 (UPI) -- The Walt Disney Company and SeaWorld announced plans Wednesday to reopen their Florida theme parks over the next two months.
Hong Kong no longer has autonomy from China, Mike Pompeo says
US will end special trade relations with Hong Kong, which could seriously impact the territory’s economy
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week
Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
Challenger insurers are doing better than banks during COVID-19
In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
Locusts threaten cotton crop in the North
CAI writes to Centre seeking quick control measures
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
VerifyME, Jobberman join skills towards robust last-mile authentication
Know-Your-Customer, KYC, technology company, VerifyMe, has entered into partnership with Lagos-based job portal, Jobberman.
Road map of post-pandemic Asia may look different
Leading observers on Asia are debating whether nations in the region will consider new approaches to diplomatic and economic engagement.
Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript
Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct
Businesses give up office space in Sydney CBD
The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
Court upholds suspension of EcoCash agents
The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has ruled, and so there can be no interdict stopping it from doing so.
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Forecast: Breezy trade winds to hold through the weekend
Trade winds will strengthen to moderate to locally breezy levels Wednesday and Thursday then hold into next week.
Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear
The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
Administrators deny South African Airways set to start flying
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...
Renault-Nissan-Mitsubishi plan to deepen cooperation
Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
James Carafano: China's coronavirus bullying – US must keep pushing back. Here's how
Oddly, the Chinese regime seems to think the best way out of their image nightmare is to make it worse.
Coronavirus cases cross 1.5 lakh, govt says lockdown has 'decelerated' pace of COVID-19 spread
India's covid-19 fatality rate is 2.86%, as against the world average of 6.36 per cent, the ministry said..The country has been registering new cases in excess of 6,000 daily since the past six days
Tech reboot in store for EU as plans recovery from crisis
BRUSSELS (Reuters) - From ramping up 5G’s rollout to exploiting its data, the European Union is turning to technology to help it bounce back from the coronavirus crisis and compete better in key areas with the United States and China.
International Flavors & Fragrances: Growth On Pause Due To Pandemic
In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC
Irish coronavirus reproduction rate falls
DUBLIN (Reuters) - The average number of people in Ireland infected by someone who has tested positive for the new coronavirus has fallen to 0.4 to 0.5 in the first set of data taking account of a gradual easing of restrictions, Health Minister Simon Harris said on Wednesday.
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
Medical masks, gloves, PPE makers pitch for resumption of exports
Exporters want to attract buyers from US, Europe who are moving away from China
Lockdown impact: NHAI to extend contract for private highway developers
25% average toll collection loss to get one-day extension
Suspension rust problem forces Mitsubishi to recall vehicles
DETROIT — Mitsubishi is recalling nearly 223,000 vehicles in Canada and cold-weather U.S. states because parts of the suspension can rust, detach and cause drivers to lose control.
Target is selling outdoor waterbeds with built-in sprinklers, and they're perfect for people who don't have a pool, Business Insider - Business Insider Singapore
Business Insider - The outdoor water beds are rainbow-colored, and retail for $30. They can be purchased both online through Target's website and in stores.. Read more at businessinsider.sg
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
French economy making 'cautious' virus lockdown recovery
A return to normal will likely take many months, warns France's national statistics agency
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Lawsuit seeking billions in damages filed against EasyJet
British law firm PGMBM announced Tuesday it filed a lawsuit against EasyJet in connection with a breach that exposed data on aprroximately 9 million people.
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
3 employees positive for COVID-19 at Cedar Bluff Kroger
Three Kroger associates at the Cedar Bluff location have tested positive for COVID-19, according to to an official statement from a company spokesperson.
ANOTHER testing shambles: Health chiefs ban public from buying the same antibody test they are rolling out for NHS workers
Britain's Medicines and Healthcare products Regulatory Agency (MHRA) has 'asked' companies to stop providing at-home antibody tests after spotting them online.
Relief distributed to airport workers
TIRUCHI About 100 labourers, including trolley retrievers, canteen and other contract employees, working at the Tiruchi International Airport were given essential commodities worth ₹1,000 each in view
Germany's Scholz: Very likely that we will get an agreement on EU recovery plan
Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G
EU pledges €40b for ‘just transition’ from fossil fuels
BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...
Epizyme, Inc. Is Doing Everything Right But Its Shares Appear Fairly Priced
Tazverik's current FDA approval for an ultra-rare disease that, per our analysis, afflicts less than 200 patients/US/year (yes two-hundred, not a typo) & theref
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
Covid-19 Blows a $400 Billion Hole in Global Energy
Investment in oil and gas supply is in retreat, creating an opportunity to do things differently in the recovery.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Dairy remains ‘resilient’ due to business model
JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.
Not a flight of fancy | Delhi farmer buys plane tickets to send 10 migrant workers to Bihar
He would also drop all the workers in his vehicles at the IGI Airport early on May 28, while following social-distancing norms.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
The two things Kerr Neilson fears in pandemic
The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
Pandemic creating 'lockdown generation' as 1 in 6 youths stop work – U.N.
Young people are facing a 'triple shock' from the coronavirus crisis, which is not only destroying their employment but also disrupting education and training
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
COVID-19 impact: Supercar group McLaren to cut 1,200 jobs across group; cancellation of motorsport events hurt revenue
McLaren are the second most successful team after Ferrari in the sport’s history and gave Mercedes’ six-times world champion Lewis Hamilton his debut in 2007.
India’s GDP growth may rebound to 5 pc in FY22, says Subbarao
"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.
Morrison takes a tilt at history
The Prime Minister is riding a wave of goodwill as he attempts to cut across decades of rancour to reform industrial relations.
Delhi: In last 24 hrs, 792 Covid-19 cases reported; total tally rises to 15,257
The recovery rate of the city is 47.67 per cent, higher than the national average of around 42 per cent.
As coronavirus cases cross 1.5 lakh, officials take solace in low fatality rate
Maharashtra's rising numbers continue to worry the nation.
For Sale: The First Printing of 'The Star-Spangled Banner'
A celebration of freedom, published next to advertisements for the slave trade.
EU keeps defence fund alive with 8 billion euro proposal
BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.
3 Gold Stocks to Buy on the Dip
Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.
Locust swarms head for India ahead of planting season
As many as 700 tractors, 75 fire engines and almost 50 other vehicles are engaged in spraying pesticides to kill the locusts, Trilochan Mohapatra, director general of the state-run Indian Council of Agricultural Research in New Delhi said on Tuesday.
Nissan's Future Is About To Be Decided
Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...
Wall Street opens mixed, falling tech shares weigh on Nasdaq
Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Fix training to end the quiet Australians' fear of uncertainty
Vocational education reform is about encouraging the quiet Australians to profitably invest in their own human capital, so they need not fear Australia’s 21st-century end of certainty in an information age and globalised economy.
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.
Economic Update: Fitch Ratings cuts GDP forecasts again – McKinsey see opportunities for a greener recovery
27 May Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO). Brian...Read More...
Trigon Metals acquires copper-silver project in Morocco
Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
Tesla price target raised over Fremont’s reopening, strong Model 3 demand in China
Tesla (NASDAQ: TSLA) received a higher price target from Dan Ives of Wedbush Securities on Wednesday morning, with the analyst putting his estimates at $800 a share. His previous mark was roughly a third less than his updated price target. Ives’ increase in the price target for TSLA stock is based on his opinion that […]
No screams please: Japanese funfairs prepare for virus era
No screaming on the rollercoaster, socially distant spooks in the haunted house, and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era.
A particular opportunity in Chinese stocks – UBS
Economists at UBS forecast a U-shaped recovery and expect Chinese equities to outperform developed markets. Key quotes “In our central scenario, we se
Desperate single dads form long queue outside food bank so they can feed their kids
Shocking footage shows the men inside Elephant and Castle shopping centre in a long line leading up to the office of the Dad's House food bank in south east London
London Camera Exchange: ‘Customers have been great’
For the latest of our chats with major retailers to see how they are coping with the pandemic, we meet Adrian Deary, marketing and communications manager of London Camera Exchange (LCE).
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Tesla Cutting Car Prices to Spur Demand
The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.
Gold Price News and Forecast: XAU/USD at $1,700 again [Video]
With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced
NCC announces indefinite suspension of 2018 spectrum trading guidelines
By Emmanuel Elebeke The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. The position was taken at a recent meeting of the Board of Commissioners of the Commission and urged all licensed telecommunications operators, prospective investors, industry stakeholders and the general public to take note. In aRead More
Back-to-basics billionaire sounds money-printing warning
Legendary stock picker Kerr Neilson says big spending was entirely appropriate to fight COVID-19, but wonders if the world really wants to own more bonds.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
Oakland McDonald's employees strike, claim management told them to use dog diapers, coffee filters as masks
The McDonald's location owner has denied the allegations.
Chico's FAS: Too Early To Invest In This Turnaround
Chico's FAS's financials have been in bad shape for several years. The company has several foundational problems that make its future survival challenging. A ne
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report
Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs
Tesla cuts prices by as much as 6% in North America to boost demand
BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Fauci says 2nd wave of COVID-19 is ‘not inevitable’ in the fall
Dr. Anthony Fauci seems more optimistic regarding the chances of a “second wave” of COVID-19 hitting the US by the fall.
United Spirits Q4 results: Net profit plummets 81% to Rs 24 crore
The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore.
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
FG builds 200,000 yam storage facility in Benue state for small businesses
The federal government will on Tuesday, June 9, inaugurate a 200,000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue.
EDF asked to delay Sizewell C final plans consultation
Energy giant EDF is being asked to delay the formal consultation on its plans for a new £14billion nuclear power plant on the Suffolk coast until after the Covid-19 lockdown restrictions are lifted.
UTB to market Uganda as safest destination after COVID-19
Kampala, Uganda | THE INDEPENDENT | The Uganda Tourism Board (UTB) has unveiled plans to aggressively market Uganda as the safest destination to visit after the COVID-19 but also re-brand destination Uganda. UTB Chief Executive Officer Lilly Ajarova said that the COVID-19 pandemic has put the world tourism sector back to the same level and …
To meet revenue shortfall, Punjab to go for additional borrowing amid corona crisis
The state governments have extremely limited fiscal space, especially after the implementation of the Goods and Services Tax.
South African mines record 320 COVID-19 cases ahead of lockdown easing
JOHANNESBURG (Reuters) - South Africa’s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa’s most industrialised economy eases lockdown measures next week.
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
EUR/USD Price Analysis: Bulls await a sustained move beyond 200-day SMA
The EUR/USD pair rallied nearly 100 pips from an intraday low level of 1.0934 and jumped to the highest level since early April. Bulls, however, strug
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
Fewer Australians feeling depressed by the crisis
The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.
Special KLM flight brings home 276 Indians from Netherlands
On June 8, another batch of stranded Indians will be sent home by a special Air India flight from Amsterdam to New Delhi as part of the second leg of the 'Vande Bharat Mission'.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
HEICO Beats Again, But Caution Is Warranted
HEICO has beat EPS and revenue estimates for the 10th consecutive quarter despite a slowdown in commercial aircraft orders. This is good news, but Q3 and Q4 wil
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
Commentary: China's tensions could boost Hong Kong's stock exchange
HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions
FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...
Liverpool ONE reopening with one-way walking lanes & reduced hours
There will be strict limits on the number of customers allowed in stores at one time too
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
Tesla knocks $5,000 off Model X price as coronavirus hurts demand
Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Braddon Northbourne Flats site on the market again, a year after failed sale
The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.
Kentik raises $23.5M for its network intelligence platform
Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]
Over $500m to help digital transformation of companies
More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds
The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28.
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
Covid-19: how the mining industry is responding
As the Covid-19 pandemic spreads, companies have been forced to adjust their practices; we profile some of the mining industry’s responses to the outbreak.
ICTU warns against 'cliff edge' removal of COVID-19 payments
The head of the Irish Congress of Trade Unions (ICTU) says income supports, such as COVID-19 pay...
Building The Bubble: Demand For Trans-Tasman Travel Soaring
Research conducted in both New Zealand and Australia by leading market research agency Opinion Compare, shows the desire of both countries to travel to respective countries is surging. An online survey of nationally representative samples in both countries (n=522 in New Zealand, n=504 in Australia) showed high intention and desire for Trans-Tasman travel.
Mexico's auto industry restart gathers steam, Ford still waiting
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
New Rochelle, home to NY’s first Covid-19 cluster, slowly reopens for business
The New York suburb of New Rochelle, home to one of the first coronavirus clusters in the US, began to slowly reopen for business on Tuesday.
Prospects for global economic recovery look bleak – Reuters poll
The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a
Gold Price Analysis: Pressed to critical support, break or bounce? – Confluence Detector
Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
Jurong sees two more spots listed as places visited by people infected
The Health Ministry has named the wet market at Block 963 Jurong West Street 91 and FairPrice Xtra in Jurong Point as public places visited by people with Covid-19 for more than 30 minutes when they were infectious. It added these two spots to Jurong Point's FairPrice...
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
Engineer faces discipline over Langford residential projects
An engineer involved in four residential projects in Langford is facing discipline for accepting jobs for which he lacked sufficient training or experience. A decision by the association of . . .
WTI stays below $34.50, prints mild losses in Asia
WTI slips from the daily high to $34.20, down 0.23% on a day, while heading into the European session on Wednesday. The barrel of black gold recently
Supermarkets ease buying restrictions as excess workers drop off
As supermarkets grapple with balancing out panic-buying with an over-supply of slim margin inventory, sales markdowns will start to pop up on shelves.
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Second Iranian Oil Tanker Arrives At Venezuela's Largest Refinery
A second Iranian tanker carrying gasoline and oil derivatives has arrived at crisis-stricken Venezuela's main oil refinery, amid escalating tensions between Washington and the two U.S.-sanctioned countries.
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market
Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market
Oil slips on demand worries, Hong Kong tensions
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.
Commentary: Despite stiffer competition, Zoom is ahead of the pack
It’s not just Zoom’s popularity and use that has increased during COVID-19, the company’s share price has surged too, says Adrian Tan.
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
Mexico's auto industry restart gathers steam as lockdown eases
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Kenya Airways takeover law to be out by August
Assembly team says it is on course to deliver legal framework.
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
Nokia Shuts Plant in Tamil Nadu After 42 Employees Test Positive for COVID-19
Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19.
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
PBOC injects $16.8 billion via reverse repos, keeps rate unchanged
With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
Cancellations continue, blame it on low passenger load factor
Officials said the Indira Gandhi International Airport in Delhi handled around 277 flights on Tuesday, 100 short of its estimated figure.
Xiaomi Smart Lock E achieves 1000% crowdfunding target in just 30 minutes
A few days ago, Xiaomi launched its new Smart Lock E for crowdfunding in China for a price of 899 yuan, which is roughly $126. While the company successfully completed the target, how it did is interesting. As per the report, the Xiaomi Smart Lock E managed to exceed the crowdfunding target by 1000 percent …
Commentary: What a lousy time to graduate, what an unfair handicap for graduating students
This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Natural Gas Price: Cautiously positive
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl
Gold: On the verge of losing the $1700 level
Gold pulled back on Tuesday as the risk theme turned positive and equities rose. The price moves lower toward $1700, FXStreet’s analyst Rajan Dhall re
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
Brisbane City Council's CEO offered another four years
Colin Jensen, who became chief executive in 2010, will stay on at the council until 2024.
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
Raising IC self-sufficiency increasingly difficult for China
US vendors remain dominant players in the global front-end semiconductor equipment market segment, which will be a critical factor blocking China's ambition of raising self-sufficiency for ICs, according to industry observers.
Regional Manufacturing Indexes Begin Long Road Back In May
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im
Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain
Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...
After decade of work, Victoria firm submits lupus drug to FDA for approval
Victoria pharmaceutical firm Aurinia is one step closer to bringing to market its treatment for lupus nephritis after submitting a new drug application to the Food and Drug Administration in the . . .
First-time buyers who'd 'never done DIY' give the 1960s time-warp home they bought 'on a whim' a stunning £50,000 makeover - and now it's worth £65,000 more than they paid
Rosie Potter and Jacob Flurry from Bristol, had no plans to buy until they spotted 1960s Twin Trees. After realising it was still on the market months after they viewed it, they put in a 'cheeky' offer.
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings
The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.
The reality behind the unions' claims of insecure work
There's one flaw in the concerns about the rise of insecure work. The percentage of casuals in the workforce has not changed in more than two decades.
France GDP could fall 'around 20pc' in second quarter, statistics agency says
PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...
Preview: A Youth Dialogue with ECB’s Lagarde on the COVID-19 response
The European Central Bank (ECB) President Christine Lagarde’s speech will be closely eyed ahead of the European Union (EU) Summit to reach an agreemen
Jewellery manufacturers call for opening of showrooms in Coimbatore
In a memorandum submitted to the Collector, the Coimbatore Jewellery Manufacturers Association said that while the small jewellery shops are open, the bigger showrooms remain shut
Contributions to PM CARES Fund will be considered as CSR: Centre
The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime
‘Scale up battle preparedness’: Xi Jinping to Chinese military amid tensions with India, US
The US-China military frictions are also on the rise with the US navy stepping its patrols in the disputed South China Sea as well as the Taiwan Straits.
USD/JPY does not rule out a move to 107.20 – UOB
According to FX Strategists at UOB Group, USD/JPY could slip back to the 107.20 region in the short-term horizon. Key Quotes 24-hour view: “USD traded
Changing balance across LAC trigger for stand-off, says China expert Taylor Fravel
China is likely responding to what it sees as a challenge to its position, he opines
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
FX Weekly: Calling For Chinese Help
The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia
Chang Wah to double QFN leadframe capacity in 2020
Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.
NZD/USD: Basking in the wave of risk-on euphoria – ANZ
The kiwi basked in the euphoria of the S&P 500 breaking 3000 and broke the 0.6170 resistance. The NZD/USD will remain bid, but analysts at ANZ Bank ar
US used car dealer charged with inflating price of N95 face masks
NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday (May 26) with exploiting the coronavirus pandemic by trying to defraud ...
Brisbane City Council's CEO offered another four years
Colin Jensen, who became chief executive in 2010, will stay on at the council until 2024.
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Zampatti: Made in Australia move crucial to industry's survival
Local fashion designers have welcomed government discussions on boosting the country's textile and manufacturing sector post COVID-19.
Auto Trader to offer 25% discount as it starts trading from June 1
Auto Trader has said it will slash its prices in June as the Government allows car dealerships to open again.
Report: AfDB succumbs to US’ demand, agrees to independent probe of Adesina
This comes after US treasury secretary rejected the report of the bank's ethics board which absolved Adesina of allegations of favouritism.
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
Virus sparks record drop in energy investment: IEA
All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
Administrators deny South African Airways set to start flying
JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
China's GAC keeps target of 3per cent sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update
Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
Export of Irish beef to China temporarily suspended
The Department of Agriculture has confirmed that the export of Irish beef to China has been suspended temporarily after a 14-year-old cow tested positive for 'Atypical BSE'.
China to roll out eleven measures to deepen financial reforms
The measures would include accelerating capital replenishment of small and medium-sized banks, further opening up the credit rating sector, promoting the steady development of the "panda bond" market, and stepping up crackdown on financial irregularities.
Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)
Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]
Lukewarm turnout at liquor shops not a cause for comfort
KARAIKAL Though there was no overcrowding in front of the IMFL, arrack and toddy shops in Karaikal on Monday and Tuesday, purportedly due to the price hike, social activists express apprehensions that
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
Government furlough scheme now covers 8.4 million workers
At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
North India sizzles as temperature touches 50C
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly 20 years.
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
Hyundai Motor Group to get electric vehicle batteries from LG Chem
Details of the supply contract including the electric vehicle (EV) model and the full amount of the deal, which are yet to be decided, will be confidential, the spokesman said.
EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund
Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."
EE 5G has early advantage over Vodafone
UK 5G speeds hit new high, but still fall behind other nations.
Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Bulgaria: Newly Employed Persons Higher than Registered Unemployed in May
For the first time since the beginning of the Covid-19 crisis in Bulgaria, the number of newly employed persons is higher than those newly registered at the employment offices. In the week of May 18-24, a total of 8,028 people found jobs, while the newly unemployed persons numbered 7,225, the National Statistical Institute reported.
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
Tech View: Nifty close above 20-DMA may be signalling new leg of upswing
Nifty may face resistance at 9,500 level and have support near 9,250, said analysts.
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
Novavax launches its first coronavirus vaccine test on humans
US biotech company Novavax Inc has joined the race to test coronavirus vaccine candidates on humans and said it was targeting production of over a billion doses of its vaccine candidate next year.
GoBear raises $17 million for underbanked play
Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown
A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Top investor in Italy's Nexi cuts stake as M&A looms
MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
Central Bank of Russia Cancels Banking Licence of Morgan Stanley
The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.
Las Vegas casino reopening ‘major milestone’ for city, industry
While not all properties in the state will take advantage of the initial opening date, several operators said they’re excited to open their doors to guests.
It's A Bird, It's A Plane, It's Brookfield Property REIT
Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p
Food company promises related to healthy eating are rarely met
B Popkin, The Global Food Research Program, shares the global experience with food industry self-regulation and reflects on how healthy eating promises are rarely met
McDonald’s to reopen more than 1,000 restaurants by next week
The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.
Crypto.com Expands Card To 31 Countries
i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.
5 Stocks to Start Investing in 2020
These top businesses can form the foundation of your investment portfolio.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion
Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips
NHAI offers 'COVID loan' to private operators at 2% more than bank rate
The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020
Airbus experts from France begin probe into Pakistan air crash
An 11-member team of technical experts of Airbus aerospace company visited the Jinnah International Airport here and inspected the runway, air traffic control tower and radar control station as part
Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works
KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...
Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19
Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.
Mike Tyson said he was 'drinking, gorging on food, and f------ women' when he was 'out of control' before filing for bankruptcy in 2003, Business Insider - Business Insider Singapore
Business Insider - "[Having] orgies; I was crazy. I bought a lot of cars for girls," Tyson said. "You can't have bitches around when you're young. they f--- up money.". Read more at businessinsider.sg
FG needs to call OGEFZA management to order –Free trade zones stakeholders
OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
Advent Partners hones in on GP software biz
The Australian buyout firm is delving back into two of its favourite sectors for its latest investment.
Wishaw McDonald's drive-thru will open back up from next week
The store will open next week, after being closed for months.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
Natixis IM Makes Strategic Investment in UK Savings Fintech
Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.
5 Dividend Kings to Buy and Hold Forever
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
Mkhize confirms whole country will move to level-3 lockdown
Health minister Zweli Mkhize has blamed an outdated slide in a presentation on Wednesday for creating fear that some parts of South Africa would remain on level-4 lockdown on 1 June.
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
Jailed for corruption, French executive’s story of U.S. justice fuels Chinese distrust of Western courts
Book written by Frédéric Pierucci becomes bestseller in China, training tool on doing business in Western markets
Airbus team continues Karachi plane crash probe
KARACHI: The technical team of the aircraft manufacturer, Airbus, arrived at the site of the Pakistan International Airline (PIA) jet crash on Wednesday to investigate the incident.The team, compris
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
Sindh govt demands removal of CEO PIA, CAA head
Sindh govt demand removal of CEO PIA, CAA head
Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy
Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.
EU proposing £670bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
Mums are 'taking on more housework than dads' during lockdown
Mums are also more likely to have quit or lost their job, or to have been furloughed, since the start of the lockdown, it is suggested
BitGo Launches Crypto Brokerage for Institutions
BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Four family-owned Ipswich shops to reopen this June
The Childs/Manning family, who have several businesses on St Peter’s Street say they are looking forward to welcoming customers back
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
The Department of Justice is dropping its investigation into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the novel coronavirus.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Agra: With Over 87 Per Cent Of Recovery Rate From COVID-19, Virus Spread In Taj City Slows Down Significantly
While 761 patients had recovered and returned home, the number of active cases was 76.
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
Virus sparks record drop in energy investment: IEA
The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.
McDonald’s to reopen more than 1,000 restaurants by next week
The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.
COVID-19: IGNOU further extends last date for submission of June TEE application
The last date for submission of application form has been extended to June 15
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
Preparations in Full Swing as West Bengal to Resume Domestic Flight Operations From Tomorrow
Starting from May 28, the Kolkata and Bagdogra airports will each handle 10 arrivals and 10 departures per day.
The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
Daily shot of Express-o - MyTwoCents
Daily sports briefs | Tyson v Tyson, Russian billionaire to buy Renault F1 team, the latest on 'Project Restart' - and more!
Low-income families are spending more on food since March, says report
Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
Tesla reduces car prices in North America and China
Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.
5 Investment Trends to Profit From a Post-Coronavirus World
A look at some investment themes relevant in the post-COVID-19 world.
Masks on for earnings conference calls, COVID-19 style
Sneeze shields, contactless drop-offs, and now cloth masks for all employees. The pandemic has changed practices for businesses such as lab giant ALS.
Knauf calls in the bankers as Aus building materials sector in play
German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm.
The rise of digital taxes during a pandemic
This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.
The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing
Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.
Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
‘Tractors and two wheelers will continue to do well as rural economy is in robust health
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region
It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.
New Zealand expects plan for safe travel with Australia in June
The neighbours have been discussing the possibility of a travel bubble between them as both have slowed the spread of the novel … New Zealand expects plan for safe travel with Australia in June Read More »
Major bacon shortages expected as a result of 'unstoppable' African swine fever
The pandemic is expected to kill millions more pigs in 2020.
Congress to launch campaign to demand govt deposits Rs 10,000 in bank accounts of poor
Every poor should get Rs 10,000 in his bank account. We will demand that the Centre credits the amount to the (bank accounts of the) poor as part of the digital campaign," Sachin Pilot said. He said putting money into the pockets of the poor is necessary to accelerate demand in the market.
West Africa at risk of desert locusts' invasion - FAO
New swarms of desert locusts will threaten West Africa in June, the Food and Agriculture Organisation (FAO), has warned..
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
The places in Wales which have received the most money from Welsh Government business grants during coronavirus crisis
£639m has been given to businesses in Wales
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows
The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit
Severe lockdown will ruin Indian economy: Health expert Johan Giesecke to Rahul Gandhi
Claiming that a severe lockdown may disrupt the economic growth, Giesecke told Rahul Gandhi, "India has to ease restrictions one by one.
Gaming Is a Billion-Dollar Opportunity for Amazon Stock
Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
Zipline will use its drones to deliver PPE to US healthcare workers
Drones will be used to deliver PPE to healthcare workers in North Carolina.
McDonald's drive-thrus in Notts set to reopen next month
The wait is nearly over
UK regulator halts antibody home tests for coronavirus
MHRA warns unvalidated samples using finger prick may lead to unreliable results.
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
2 out of 3 MSMEs are well-placed in lockdown
IANS New Delhi Two out of three micro, small and medium enterprises (MSMEs) are well-placed to surge through the lockdown while 30 per cent are very stron
Vehicle tyres could be a major source of microplastics in the ocean
Transported to the ocean through the atmosphere or carried by rainwater into rivers and sewers
Chinese and French State-owned Enterprises Bid to Construct UK's Second Nuclear Reactor in UK
As the United Kingdom looks to revive its economy as it emerges from the coronavirus pandemic and pursues trade agreements after formally withdrawing from the European...
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
European Commissions unveils €750-billion recovery plan
The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday
Moderate participation expected in spectrum auctions: ICRA
IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at
IAF commissions second squadron of Tejas fighters with chief flying solo sortie
India News: The IAF commissioned its second squadron of the indigenous Tejas light combat aircraft on Wednesday, even as the Rs 37,000 crore contract for producti
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
Cuomo to press Trump on reviving US economy with roads, bridges in White House meeting
WASHINGTON, May 27 — New York Governor Andrew Cuomo will press President Donald Trump to invest in the nation’s roads, bridges and rails during a White House meeting today as US states begin to reopen after the coronavirus outbreak left the economy in tatters. Cuomo’s visit to Washington...
OnePlus 8 Pro prices skyrocket from secondhand sellers as stock issues continue
A shortage of OnePlus 8 Pro units has left secondhand units being sold for considerably higher prices than you'd find at retail.
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19
Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
Phase 3 still weeks away
British Columbia is now in the second week of its Phase 2 of reopening businesses, but any thoughts of removing additional COVID-19 restrictions is still at least three weeks away.
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
New turbulence in high-stakes Lufthansa rescue drama
Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore
Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg
Germany’s Scholz sees recovery fund as more than money
German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore
Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore
Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines, Business Insider - Business Insider Singapore
Business Insider - Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.. Read more at businessinsider.sg
Court hears 14 ‘credible’ expressions of interest in Joe.ie company
Examiner appointed to Maximum Media Network
Nearly half of all coronavirus deaths in US are from long-term care facilities: Report
The COVID-19 virus death rate is highest among residents of long-term care facilities.
India faces its worst locust swarm in nearly 30 years
With about 50,000 hectares of cropland destroyed by locusts, India is facing its worst food shortages since 1993
USD/CAD extends rebound, trades above 1.3800 on oil selloff
The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.
Coal India arm awaits Centre nod for mining project in Assam
PTI Guwahati Coal India arm North Eastern Coalfields (NEC) has said its mining operations in Tikak Open Cast Project (OCP), under Saleki Proposed Reserve
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
Safe Sex: New Rules Poised to Help End the Swiss Brothels' Covid-19 Lockdown
Along with suggesting sex positions which allow for a maximum distance between faces during intercourse, the new rules also include a 15-minute time limit on a client's...
Lane Neave Advises MIE Pay On Australian Listing
Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury
Day 3 of domestic flights: Airports handle 354 departures till 5 pm, says Puri
Domestic services resumed on Monday after a gap of two months, and 428 flights were operated within the country that day.'Till 5pm on day 3 today, there have already been 354 departures & 288 arrivals with a total of 47,917 people at various airports,' said Puri
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Banff ready to welcome visitors once again, some streets closed to vehicle access
A two block stretch of Banff Avenue will be closed to vehicles, along with a portion of Caribou Street.
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie
An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections
No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
India's COVID-19 fatality rate among lowest in the world: Health Ministry
India has about 0.3 COVID-19 deaths per 100,000 of population which is amongst the lowest in the world, against the statistics of 4.4 deaths per 100,000 population for the world, said a statement issued by the Ministry of Health and Family Welfare Tuesday
Delhi reels under heatwave, Palam records high of 47.2 degrees Celsius
The last time the mercury touched the 46-degree mark at the Safdarjung weather station was on May 19, 2002
Regional, municipal administrative buildings could open in mid-June
Most of the buildings have been closed since March 18
World Bank approves $346 Million for Nigeria, others on Lake Chad
The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..
A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.
Government Investment Supports The Acquisition Of New Interislander Ferries
State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing
(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
As frontline heroes in the fight against the coronavirus, healthcare workers like doctors and nurses often sacrifice their own physical and mental well-being in order to take care of others.
Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets
N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US
Trump threatens Twitter over fact checks: What’s next?
OAKLAND, Calif. (AP) — Twitter has taken the unprecedented step of adding fact-check warnings to two of President Donald Trump’s tweets that falsely called mail-in ballots “substantially fraudulent” and predicted...
COVID-19 slowing down railway projects - Amaechi
Rotimi Amaechi, Nigeria's minister of transportation, has expressed worry over the effects of the coronavirus pandemic on Nigeria's existing railway projects.
Glanbia announces biodiversity payment to suppliers
Glanbia Ireland has announced a 0.20c/L payment to boost biodiversity on dairy farms.
Govt to use five hubs to bring back Indians on Vande Bharat flights
Over 275 Indians stranded in Mexico, Peru, Portugal and Netherlands returned via Amsterdam in first such flight on Wednesday
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21
The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
RIL expanded in every conceivable technology trend: report
IANS Mumbai Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss
LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...
Stringent lockdown further reduced GDP forecast: Fitch
IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)
Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?
Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?
Lucknow-Mumbai flight passengers face delay in opening of aircraft door
There were around 40 passengers on the first flight to Mumbai after resumption of domestic flight services on May 25.
Taseko signs deal for Yellowhead copper project in Canada
Taseko Mines has signed an agreement with an indigenous nation as it seeks to secure regulatory approval for the Yellowhead copper project in Canada.
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
Novavax aims to make 1 billion COVID-19 vaccine doses after buying plant
The U.S. company said on Wednesday it would buy Czech Republic-based Praha Vaccines, a unit of India's Cyrus Poonawalla Group, which also owns Serum Institute, for $167 million in cash. Novavax is one of several companies in the race to develop a vaccine for COVID-19, the disease caused by the novel
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
Mix of loans and grants in Commission €750bn package
Italy and Spain, the worst-hit EU countries by the coronavirus pandemic, will get much of the new money under the European Commission's recovery plans - that mark a turning point for the bloc in moving towards joint debt.
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.
High-Fashion Market Continues Its Digital Shift
Shopping for high-fashion apparel continues to change under the pressure of the pandemic, as Instagram makes a play to become the go-to platform for fashion.
Renault, Nissan rule out merger, unveil plan to save troubled alliance
Renault and Nissan were among the weakest global automakers going into the coronavirus crisis
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
Workday Shares Have Become A GARP Story - And A Good One At That
Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to
Spain proposes allowing direct travel between EU cities with low rates of coronavirus infections, rather than opening national borders, to boost tourism
Spain wants to create a 'green zone travel network' between European regions where coronavirus is low, rather than opening national borders in the hope it will allow tourism to restart quicker.
SBI extends moratorium on loans by three months
Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.
EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'
The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...
50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report
The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
New York Stock Exchange partially reopens as US COVID-19 deaths near 100,000
The New York Stock Exchange (NYSE) partially reopened its iconic trading floor on Tuesday after a two-month closure due to the COVID-19 pandemic.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore
Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg
Numbers continue to grow, 354 domestic flights operated till 5pm today: Aviation Minister
After two months of being grounded, India resumed its domestic flight services on Monday with 428 flights functioning on day one.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over
India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem
As SPCE Stock Remains a Moonshot, Stay on the Sidelines
A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
Burger King debuts 'social distancing crowns' in Germany
Burger King wants its customers to enjoy eating their food safely - hence why they've come up with a smart idea: social distancing crowns.
Central Bank reports €2.5bn profit for last year
The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
Battle ahead for EU's massive virus recovery plan
If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Japan OKs funds for US$1.1T stimulus to fight pandemic woes
Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.
LINK Has Grown 4x In The Last Year, And May Keep Growing
Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Donald Trump threatens to shut social media companies after Twitter fact check
There is no evidence that Donald Trump has the ability to shut down social media networks, which are run by publicly traded companies and used by billions of people all over the world.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
China donates PPE to South Ayrshire carers thanks to Provost
The area faced a shortage of protective equipment
Save $470 On The Razer Blade 15
Today, you can save $470 on the Razer Blade 15 in Mercury White. That brings the price down to just $2,129. Which is a really good price for this nearly
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic
Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.
“Pick for Britain” is a Smoke and Mirrors Campaign – Political Commentator
According to reports, the British economy could be set to suffer a five percent annual deficit by 2024, as a result of the coronavirus pandemic. Unemployment rates are...
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul
A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
Blue crab stock remains within healthy range
Results from the latest Blue Crab Winter Dredge Survey—conducted annually by the Virginia Institute of Marine Science and Maryland Department of Natural Resources—show the Chesapeake Bay's blue crab ...
'Mother of all sales' predicted for Devon and Cornwall's shops as they reopen
According to experts, there could be the 'mother of all sales' for the next few months
India conducts over 1.16 lakh COVID-19 tests in 24 hours; Highest in a single day
A number of 1,16,041 lakh COVID-19 tests were conducted in the last 24 hours in the country which is highest in a single day so far.Whereas, the total number of 32,42,160 samples have been tested in India for coronavirus.
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript
Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
Hima Das, Neeraj Chopra resume outdoor training at Sports Authority of India centre in Patiala
The training took place in strict compliance with the health guidelines of the government and the Standard Operating Procedure unveiled last week.
Instagram brings commercials to IGTV to lure influencers
Instagram's IGTV is getting commercials and the company plans to share revenue.
Tenants fear mass evictions as moratoria expire
Tenants are afraid mass evictions will take place in the coming weeks as eviction moratoria across the country begin to expire.
Northumberland Roman site gets rescue package to help it through coronavirus crisis
Vindolanda Trust gets loan from Lloyds Bank to help mitigate huge loss of visitor income
Heat wave likely to recede in Central India from May 29 onwards: IMD
The IMD predicted that maximum temepratures in North India likely to recede from May 28
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
BC Ferries losing up to $1.5 million each day as pandemic tanks ridership
The company does not qualify for the wage subsidy
'Safety stamp' launched by World Travel & Tourism Council for 'hygienic' destinations and businesses in bid to reassure holidaymakers and speed up tourism recovery
The stamp will allow travellers 'to recognise governments and businesses around the world which have adopted health and hygiene global protocols', so they can experience 'safe travels'.
Iron Mountain: Strong Operating Results Despite COVID-19
Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre
MPA, NATO Ask Congress for Temporary Liability Relief as Businesses Reopen
The letter, sent by the U.S. Chamber of Commerce and signed by over 200 trade and business groups, calls for Congress "to quickly enact temporary and targeted liability relief legislation related to the COVID-19 pandemic."
Panel’s mantra of ease of doing business
NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its
TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze
TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.
Stranded overseas, Chinese vent anger on aviation regulator
Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China's ...
You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy
The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.
AUD/USD risks to visit 0.6000 later this year – Rabobank
The Australian dollar has appreciated steadily despite the grim economic data, however, escalating the tensions between the US and China might endang
Canada investigating alleged dumping of steel imports from five countries
Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore
Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg
'Starting point': EU's frugal members cool on recovery plan
Austria, the Netherlands, Denmark, and Sweden want emergency help for countries badly hit by the coronavirus to take the form of one-off loans
US revokes Hong Kong special status as furor grows on China law
The US law says that Hong Kong would lose the trading advantages, including lower tariffs, that it enjoys with the world's largest economy.
Telangana govt to pay 50% salary to staff for third consecutive month
The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference
In pandemic, using drones to drop medical supplies from sky
With a loud whir and a whoosh, a fixed-wing drone slingshots out of a medical warehouse, zips through hazy skies at 80 mph, pops open a belly hatch and drops a box of medical supplies. Slowed by a little ...
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
Quest Diagnostics offers U.S. employers coronavirus testing as workers return
(Reuters) - Quest Diagnostics Inc on Wednesday started offering blood tests, temperature monitoring and other tailored services to U.S. employers as they attempt to reopen factories and offices after months under coronavirus-led lockdowns.
China's Chery Auto plans to sell cars in EU, United States: chairman
China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...
New turbulence in high-stakes Lufthansa rescue drama
Coronavirus-stricken airline group Lufthansa wavered Wednesday on grabbing a nine-billion-euro ($9.9 billion) German state lifeline, throwing up new turbulence for a rescue that could decide the fate ...
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
German firm introducing game-changing solar-wind-wave energy platform
A German power firm will launch demonstrations of a one-of-a-kind, triple-threat power generating platform off Iraklio, Greece, later this year.
US Firm Aims To Make 1 Billion COVID-19 Vaccine Doses After Buying Plant
Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.
India wilts under heatwave as temperature hits 50 degrees Celsius
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.
Air France to cut 40% of domestic flights after bailout
Air France-KLM will slash 40 percent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, ...
Domestic flight services in India: 445 flights carrying 62,641 passengers operated on May 26, says Hardeep Singh Puri
Services were resumed on Monday after a gap of two months and 428 flights were operated within the country on the same day.
Foodgrains procurement centres to close by May 31
CM tells Agriculture dept. to focus on crop season from June
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
BlackLine: A Software Company With A Strong Moat
BlackLine's focus on cross-system functionality gives the company a competitive advantage. BlackLine's moat comes from customers having extremely high switching
Lockdown presents mixed fortunes for Prakasam farmers
Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times
Boeing sends layoff notices to more than 6,000 employees
May 27 (UPI) -- Boeing said Wednesday it is laying off more than 6,000 employees in the first phase of its plans to reduce its workforce by 10 percent as the airline industry reels from the coronavirus pandemic.
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
Rise in fake posts spreading COVID-based canards: CM
Fake social media posts targeting individuals in the name of having contracted COVID-19 is on the rise, Chief Minister Pinarayi Vijayan said on Wednesday.In Alappuzha, a set of miscreants attempted to
Volkswagen will sell its new European EVs in a similar way to Tesla — here's how it works, Business Insider - Business Insider Singapore
Business Insider - Volkswagen isn't using a fully direct sales model as it will involve the dealership, but it should eliminate the guesswork when buying a car.. Read more at businessinsider.sg
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript
Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
Over 3500 Shramik Special trains carrying over 48 lakh passengers organised till date: Railway Ministry
The Ministry of Railways on Wednesday informed that over 3,500 Shramik special trains have been originated till now by Indian Railways carrying more than 48 lakh passengers to various destinations.
A Much Higher Gold Price Is No Flight of Fancy
Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.
As China Seeks Support On Hong Kong, India Has The Opportunity To Revive Relations On New Terms
Any serious observer of India-China relations would first point out the lack of reciprocity in it.
Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript
Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation
Chinese researchers debunk theory that COVID-19 originated from Wuhan wet market
A leading Chinese virologist, whose mysterious disappearance sparked speculation about the novel coronavirus emanating from the Wuhan Institute of Virology (WIV), was for the first time interviewed on Tuesday on China's state television where she warned that such viruses are just the 'tip of the iceberg' and expressed
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
Ires defends 40% fee hike for its chairman
Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
7 American ETFs for the Hometown Crowd
American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.
GBP/JPY Price Analysis: The pound fails at 133.00 again
Sterling’s rally from 130.65 lows last week has been unable to extend beyond the 133.00 level, for the fourth time so far this month, and the pair has
Autonomous car company Aurora increases hiring amid industry struggles
Autonomous vehicle startup Aurora committed to hiring employees as it welcomes new executive hires and interns and crosses the 500-employee mark.
Nursing homes risk 'was low' if guidance was adhered to - report
A Department of Health report examining the spread of Covid-19 through Ireland's nursing homes says the risk of the disease getting in "would have been low"...
Frankfurt Book Fair to go ahead on schedule in October
FRANKFURT (Reuters) - Frankfurt’s annual book fair - the world’s largest - will take place as scheduled in mid-October, its organisers said on Wednesday, a sign of some return to normality amid the coronavirus pandemic.
NCC suspends Spectrum Trading guidelines - The Nation Nigeria
The Nigerian Communications Commission (NCC) Wednesday suspended the Spectrum Trading Guidelines (2018) for the nation's telecommunications industry.
All three Detroit automakers have had workers test positive for COVID-19 since plants reopened
The U.S. auto industry reopened many plants last week after a two-month shutdown due to the global pandemic
Boeing slashes 12,000 jobs as coronavirus impacts travel industry
A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Huawei CFO Meng loses key court argument in fight against extradition to United States
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve
To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid ...
The coronavirus sword falls heaviest on the weakest and smallest automakers
Even with factories and dealerships slowly opening back up, sales of new vehicles could take a long time to fully recover
Mastercard: A Major Beneficiary Of The "New Normal"
Mastercard's recent operating update suggested a likely trough in business activity, with sharp improvements seen in the last few weeks. Cross border transactio
Rs 223 Crore Bank Fraud: HC Denies Bail To Accused Ex-Chairman
The Jammu and Kashmir High Court on Wednesday rejected plea of former chairman J&K State Cooperative Bank, seeking quashing of FIR against him filed by the Anti-Corruption Bureau in the whopping 230 crore fraud case
Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore
Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg
Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output
The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
THE BIG READ: Food inflation looms as US meat industry tries to restart
Stuffed into a meat factory like a pack of sardines with little space to move.
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP
The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Covid-19: Kent RO withdraws ad against house helps kneading dough, issues apology
The healthcare products company had claimed that their machine should be used to knead dough as ‘her hands may be infected’.
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
Low rates, poor demand hit jasmine growers
Though the sale of Udupi Mallige or Udupi jasmine started about a month ago, growers say that they are getting low rates, while flower sellers say that the demand is poor on account of lockdown restri
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
News flash: People working from home are just as productive
As a result of the coronavirus pandemic most companies have shifted to having employees working at home. For some that is ideal, for others the lack of human contact can be depressing. It’s a double-edged sword in many ways -- you want people around but enjoy being home.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".
WarnerMedia Strikes Eleventh Hour HBO Max Distribution Deal With Comcast
By mid-morning on HBO Max's launch day, Xfinity customers were able to sign up for the service.
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results
As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.
Huawei Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Hong Kong's autonomy from China gone: Pompeo
China News: The United States on Wednesday revoked Hong Kong's special status under US law, paving the way to strip trading privileges for the financial hub as W
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.
Older workers typically work in jobs that cannot be done at home and that involve close contact with others.
Realty Income: A Best In Class REIT
Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w
Discom reduces T&D losses to 6.64%, says CMD
‘Steps have been taken to solve problems of consumers’
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
Survey underlines job loss, drop in earnings during lockdown
It reveals that 73% of around 870 respondents in State have lost their jobs
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Houseboat residents are sheltering in place on their docks, holding float-up concerts in the middle of the water and boating out onto the San Francisco Bay. Here's how they're living through the pandemic., Business Insider - Business Insider Singapore
Business Insider - Costs are lower, the company is superb, and the sweeping San Francisco Bay is their backyard. The shelter-in-place life hits different on a houseboat.. Read more at businessinsider.sg
Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript
Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups
SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
Leo Puriset to join JP Morgan
Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and
Hospitality sector in the Nilgiris may see 70% slide in revenue
Lockdown coincided with peak season for tourism
German chemical firms see 'significant' blows ahead from virus
Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
The Trip Aboard Carnival Cruises Stock Will Be Stormy
There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...
10 Stocks to Buy as They Ride a Coronavirus Tailwind
These names are either heavily discounted or are actually riding high on the outbreak.
DBKL to keep up inspection of KL Wholesale Market to ensure compliance with Covid-19 mitigation measures
KUALA LUMPUR, May 27 — Kuala Lumpur City Hall (DBKL) will continue to monitor the area around the walls of the Kuala Lumpur Wholesale Market to ensure that no foreigners use it to enter the market. In a statement issued today, DBKL said patrols and surveillance will be carried out to...
Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure
Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr
Uttar Pradesh is setting an example, dealing with pandemic with efficiency, firmness
It will be fascinating to watch how UP fares in general, and Adityanath in particular, in the coming months and years. If the response to the COVID-19 crisis is any barometer, we are in for exciting times.
China’s military build-up a diversion tactic
China’s military build-up on the north bank of the Pangong Tso lake along its disputed boundary with India is just one of the many facets of its aggression, which it deliberately ratcheted up amid
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Uber Eats deliverers in Japan involved in accidents as demand surges
Uber Japan Co., which runs the Uber Eats service in Japan, said it will further raise awareness about traffic safety among its delivery workers.
No-touch new car buyers drive towards Let's Haggle
An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.
Coronavirus outbreak: ICMR removes price cap of Rs 4,500 for COVID-19 tests
The Indian Council of Medical Research has removed the price cap of Rs 4,500 for the real-time polymerase chain reaction (RT-PCR) test used to detect COVID-19, asking states and the Union Territories to negotiate with private labs to fix 'mutually agreeable' rates for the test.
Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings
Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before
Checkout.com buys Perth-based Pin Payments
Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.
Panama to relax coronavirus measures in second stage of re-opening
PANAMA CITY – The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Interest on loans: SC issues notice to Centre, RBI
The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has
US agency says most viruses and other germs do not spread easily on flights
It also do not recommend following social distancing between two passengers inside a plane or keeping the middle seat unoccupied
EUR/USD put bias weakest in over two months, risk reversals show
One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
COVID-19: WHO Expects Anti-malarial Drug Hydroxychloroquine Safety Findings By Mid-June
'A final decision on the harm, benefit or lack of benefit of hydroxychloroquine will be made once the evidence has been reviewed by the Data Safety Monitoring Board,' the body said in a statement. 'It is expected by mid-June.'
Coronavirus update: COVID-19 cases in India cross 1.5 lakh, death toll at 4,337. State-wise tally
The number of COVID-19 fatalities in India increased to 4,337 today.At present, there are 83,004 active coronavirus patients in India
Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office
The finance sector has rolled out measures for workers as they gradually return to the office.
IndiGo grounds crew for 14 days after passenger on Chennai-Coimbatore flight tests Covid-19 positive
This is the first case of a passenger testing positive after domestic flight services resumed on Monday.
Top executives of Exim Bank 'threatened', National Bank director, brother charged
A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death.
COVID-19: India Continues To Fare Much Better Than The Rest Of The World
10.7 cases per lakh population have been reported in India as compared to 69.9 cases per lakh globally.
ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling
In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli
COVID-19 response: DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
Illicit drug trade thrives in Bangladesh amid coronavirus pandemic
The coronavirus pandemic has stopped the world in its tracks, but drug traders in Bangladesh enjoy a booming business.
Panama to relax coronavirus measures in second stage of re-opening
PANAMA CITY (Reuters) - The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Asian markets in retreat as China-US tensions return to fore
Markets are concerned about another flare-up in Hong Kong on a controversial security law
500-bedded pediatric hospital at Bemina misses 3 deadlines in 6 years
After missing three consecutive deadlines in the past six years, the 500-bedded Pediatric hospital in Srinagar’s Bemina area is still awaiting its
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Liquidation of companies still the most likely outcome under IBC
January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues
German ECB executive shrugs off court ruling against bond buying
Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank
Panama to relax coronavirus measures in 2nd stage of re-opening
PANAMA CITY — The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.
Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript
Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C
Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript
Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne
Vertex Energy's Transformation Continues
Vertex Energy began migrating its end-products toward higher-margin markets in 2018 - higher-purity base oils and IMO 2020-compliant marine fuel. The company re
Government invests $700 million to protect fresh waterways, announces raft of new regulations
The Government has earmarked $700 million to help the primary sector and other groups implement the new rules.
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
Coronavirus Refunds: AT&T DirecTV Customers Will Receive Credits For Sports Subscriptions
The DirecTV business of AT&T is providing MLS Direct Kick and MLB Extra Innings subscribers with credits for payments they have made for their plans.
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses
COVID-19 impact and restricted trading is heavily impacting the economy.
Covid-19 has forced us into the fast lane of the 4IR super-highway
Amid the global Covid-19 pandemic that has seen entire countries locked down, we can no longer dismiss the Fourth Industrial Revolution as mere rhetoric. Keeping economies functioning while curbing the spread of the virus has hastened the shift towards the 4IR.
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
After uncertain future, vacant mould-filled Saskatoon luxury home slated for demolition may have new lease on life
A luxury home in Saskatoon that has been empty for years, is full of mould and was nearly demolished by the city may have a new lease on life.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
McDonald’s 'mega fans' drive 250 miles to load up on fast-food at nearest drive-thru
Pals Ryan Hall and Paisley Hamilton, both 23 and from Hull, took the seven-hour road trip after finding their nearest re-opened McDonald's drive-thru was in Peterborough
Air corridors can kickstart post-virus tourism – U.N. agency
The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion
Instagram adds ways for online video stars to earn money
Facebook Inc's Instagram app on Wednesday rolled out new tools enabling people to make money off the videos they post, as it competes for creative ...
The Irish Times view on the economic outlook: Counting on a swift recovery
New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead
Fraser Valley libraries to offer contactless hold pick-ups
FVRL Express — Click, Pick, Go service to be offered at all 25 locations starting June 1
Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra
“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
U.S. weighs options 'across the spectrum' to punish China over Hong Kong
WASHINGTON — The Trump administration is crafting a range of options to punish China over its tightening grip on Hong Kong, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to U.
B.C. retirement home creates innovative ‘meet-up’ unit for elderly to see family face-to-face
Innovative ‘purpose-built’ unit keeps residents safe when seeing family for first time since COVID-19
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
ESRI warns against austerity measures in short-term as economy heals from the pandemic
The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
Total coronavirus cases in Gulf Arab states surpass 200,000, tally shows
DUBAI, May 28 — The number of coronavirus cases in the six Gulf Arab states doubled in less than a month to surpass 200,000 yesterday, according to a Reuters' tally, at a time the region's two biggest economies move to resume activity. Coronavirus infections in the energy producing region, which...
United Airlines reshuffles management as it prepares for uncertain recovery
NEW YORK, May 28 — United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees yesterday, as restrictions to keep the coronavirus from spreading are lifted. With...
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B
Experts: Just beating Covid-19 is not enough to return consumer confidence
KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...
UK tells EU: Break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
Greece “will invest, not spend, its share” of the EU €750 billion recovery plan
Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government
Coronavirus Stock Market Bargains: Xerox Stock
Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
Swiss sex workers offer just two sexual positions for safety during COVID-19 pandemic
It's to avoid "droplet transmission" in the wake of the COVID-19 pandemic.
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
CRAIG BROWN: Warning - don't play croquet in front of the telly
CRAIG BROWN: One of the most surprising beneficiaries of the current crisis is the game of croquet. The Croquet Association reports a 110 per cent rise in sales of croquet sets.
Boeing cutting more than 12,000 US jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Rs 20 lakh crore Covid-19 relief package: Missing demand
The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.
Too early to celebrate value comeback
Via the excellent Damien Boey at Credit Suisse:
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Bali floats travel bubble as way back for Australians
If cash-starved Bali hotel owners had their way, Australians would be heading back to the resort island as early as July.
NZ April fall largest since the filled jobs series began more than 20 years ago
New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV
WHO creates foundation to boost funding in coronavirus fight
GENEVA: The World Health Organization announced on Wednesday (May 27) the creation of a foundation to tap new sources of funding that could help ...
USD/JPY stays firm above 107.50 amid risk reset
USD/JPY extends the previous day’s gains while being mildly positive around 107.75 amid Thursday’s Asian session. The yen pair recently benefited from
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Las Vegas ranks top 10 for solar energy, according to report
In Environment America Research & Policy Center’s seventh annual report on solar energy in major American cities, the city is ranked seventh in solar energy supply per capita and 10th in ...
Ethereum Gets Interoperability Boost With Ren Protocol’s RenVM Release
Ren, a decentralized finance protocol friendly to Ethereum that enables inter-blockchain liquidity, has announced the launch of the RenVM mainnet.
All three Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
Job losses continue to mount in US despite reopenings
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that...
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150
NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
Private/Public Partnerships Could Boost Central Bank Digital Currencies
About 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Tractor Supply News: Why TSCO Stock Is Surging 8% Today
Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.
Toyota tops the list, Tesla climbs the ranks in Australia's most trusted car brands
The automotive industry is the fifth most-trusted business sector in Australia, but buyers have more faith in some brands over others.
As Covid-19 cases cross 1.5 lakh, officials take solace in low fatality rate
Maharashtra's rising numbers continue to worry the nation.
Ombudsman's Report: Recruitment agency selected in search for interim CEO
A new chief executive officer is a step closer after councillors selected a recruitment agency to press ahead with the search for a fresh face to head up the City of Ballarat.
China, India should not let differences shadow overall ties: Chinese Ambassador
China and India should never let their differences shadow the overall bilateral ties and must enhance mutual trust, Chinese Ambassador Sun Weidong said on Wednesday, in remarks that came amid an
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Four Reasons Why Digital Security (Security Token) Liquidity Has Lagged
How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity -- but there is hope...
Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations
The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
General Electric is selling off its home lighting business after nearly 130 years
After cycling through multiple CEOs, each with their own priorities, the company now has its hands in several different industries, ranging from aviation to healthcare to venture capital and finance.
NZD/USD pulls away from multi-week highs, looks to close near 0.6170
The NZD/USD pair rose to its highest level in 11 weeks at 0.6233 on Wednesday but lost its traction in the second half of the day. As of writing, the
GBP/USD bears seeking a close below 50-D EMA, Brexit talks loom
GBP/USD is currently trading at 1.2247 and lower on the day so far. The US dollar has picked up a safe-haven bid as geopolitics heats up. Cable has tr
Netflix Stock Is a Win No Matter Where the Pandemic Goes
NFLX stock is more than just a pandemic play. The firm will likely continue to perform in the quarters ahead despite the economic downturn.
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officia...
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
China to increase international flights if COVID-19 under control: Regulator
China's aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media ...
WHO creates foundation to boost funding in coronavirus fight
GENEVA/ZURICH (Reuters) - The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.
F1 to have sliding development scale, $145m budget cap from 2021
Formula One's post-coronavirus future took shape on Thursday after racing's governing body, the FIA, ratified several unprecedented measures in the technical and financial regulations.
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Fed says pandemic inflicted most ‘severe’ damage on travel sector
Beige Book report on economic conditions shows activity fell sharply in most parts of US
The doors to a feminist future must remain open
The ability of feminist funders to continue doing transformative, innovative and subversive work is likely to be severely hampered by the Covid-19 pandemic. The situation calls us to question our not having sustainability mechanisms that look beyond donor funding.
Bitstamp Unveils British Pound Trading vs Fiat and Cryptocurrencies
Bitstamp, one of the largest crypto platforms in Europe, has announced its plans of supporting a new set of digital assets after adding the pound sterling trading .
Leader: Economic Reforms a Top Priority of New Majlis
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said improving the core elements of the national economy, including employment, production, value of national currency and inflation,
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus
Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.
Funding announced for pair of North Delta salmon conservation projects
Grants for Cougar Creek-related works by Burns Bog Conservation Society, Cougar Creek Streamkeepers
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group
Only B.C.’s social, health and corrections workers are eligible for top-ups
Ontario to take over management at more long-term care homes
Premier Doug Ford says province is prepared to pull operating licences and shut down facilities if necessary
All should ensure implementation of the menstrual hygiene policy
Kebs should ensure the safety and standardisation of menstrual products.
Locusts have not hit rabi crops; efforts on to prevent spread before monsoon to save kharif crops
The officials, however, said that locust swarms would not have posed a big threat to India, had neighbouring Pakistan controlled its spread at its end.
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic
Tesla has slashed pricing for its Model 3, Model X, and Model S models as the coronavirus pandemic ravages US car sales, as Reuters reports.
China ready for looming financial war initiated by US
China should prepare for a potential financial showdown with the US, as the Trump administration appears to be waging a financial war on China, with crackdowns on US-listed Chinese companies and threats of sanctions over national security legislation for the Hong Kong Special Administrative Region (HKSAR), financial sector experts said on Thursday.
Sea Limited: Skeletons In The Closet
SE is inflating revenue. SE is selling goods for a negative gross margin. The maximum potential value is $59.8/share.
Pick n Pay outlet, 8 other Gauteng stores closed for contravening regulations
The Pick n Pay outlet, situated at Evaton Mall, was found selling rotten meat and expired food items.
Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript
Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
EUR/CHF Price Analysis: Euro limited below trendline resistance at 1.0700
EUR/CHF fails at 1.0700 and returns to 1.0650 area. The euro has been capped by downward trendline resistance from April 2019 highs. Euro rally from
OPPO Reportedly Accelerating Its Own Chipset Plan
The US-China trade war has been going on for a couple of years now and there's seemingly no end in sight. OPPO, the second largest smartphone brand in
Govt steps up locust control operations; drones to be deployed soon as Nagpur, UP stay on alert
The government has placed an order for buying 60 spraying machines from UK-based company Micron, and two firms have been finalised for supply of drones for aerial spraying of insecticides for effective control over tall trees and inaccessible areas
Huawei CFO is one crucial step closer to being extradited to the US
A Canadian court has ruled that Huawei's financial chief Meng Wanzhou is eligible for extradition.
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…
Bangladesh to reopen public transport services on limited scale from May 31
Bangladesh is lifting the ban on public transport services from May 31, the day offices will reopen on a limited scale.
ASI team discovers monolithic Shiva Linga in Vietnam! India extends a helping hand to restore Cham Temple Complex
The temple complex was built in the 9th century A.D. under the reign of King Indravarman II who also built the famous Dong Duong Buddhist Monastery in Quang Nam Province.
Used car sales recover after COVID-19 lockdowns
Many wholesalers either weren’t trading-in cars, or were making low offers amid market uncertainty, but the used market is now showing signs of recovery.
AT&T Stock Jumps 3% on HBO Max Launch
AT&T (T) stock is getting a boost Wednesday following the launch of HBO Max, which is the company's new premium streaming service.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Tractor Supply Company Is Thriving
Tractor Supply offered Q2 update that is expecting record-breaking sales and earnings Fresh off a stellar Q1, the second quarter is supposed to easily trump tha
More than 17,000 parked planes: Visualizing the pandemic’s impact on air travel
The coronavirus pandemic has brought commercial air travel to a near standstill, and the empty skies mean airlines around the world are facing some tough questions about how long their planes will be parked and what a longer interruption to air travel could mean for the industry as a whole.
Gold Price News and Forecast: XAU/USD returns to $1,712 and turns positive on the day
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1,712 ar
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
Pompeo says Hong Kong is no longer autonomous from China
The notice brings the future of Hong Kong squarely into the administration's numerous battles with China that have put the world's two largest economies at odds.
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement ...
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
FAAN: Air travellers should expect flight delays, increased fares
The Federal Airports Authority of Nigeria (FAAN) says passengers should expect flight delays and increased fares when flight operations resume.
Biotech Stocks Have Been on Fire, But Timing Is Everything
Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.
Canadian judge OKs extradition proceedings for Huawei CFO
A Canadian Supreme Court judge has ruled that extradition proceedings should continue for an executive of Chinese telecommunications giant Huawei.
Winter of discontent looms for mining sector
As the mining sector gears up to resume full production from June, the Minerals Council South Africa sees a 6%-10% contraction in overall mining production for 2020 because of the Covid-19 impact. It is also satisfied that its screening and testing measures are working. Unions would beg to differ.
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Covid-19 in Tamil Nadu: State gets investment task force; smartphones for Class 10 SSLC students in Chennai
In a tweet, Chief Minister Edappadi K Palaniswami announced that the state has signed MoUs with 17 institutions for investments worth Rs 15,128 crore and to create 47,150 jobs in Tamil Nadu.
Pound Sterling Price News and Forecast: GBP/USD reversal from 1.2350 extends to session lows at 1.2205
Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday's 1.2% rally, weakening near-term structure and shifting focus lower.
Covid impact: Big restaurants may walk out of malls to high streets
Some marquee brands are looking at moving back to streets from malls because of Covid-19.
IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com
The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the 3pm closing time, at least …
Canadian judge rules Huawei CFO Meng Wanzhou’s fraud case will proceed | Honolulu Star-Advertiser
VANCOUVER, British Columbia >> A Canadian judge ruled today the U.S. extradition case against a senior Huawei executive can continue to the next stage, a decision that is expected to further harm relations between China and Canada.
Bipartisan Senate bill aims to invest $100 billion in technology R&D
The Endless Frontiers Act would invest $100 billion in AI, high-performance computing, robotics, automation and more.
Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortage
Uber said it couldn’t sell the bikes because many of the parts were proprietary.
Amazon is in advanced talks to purchase self-driving vehicle start-up Zoox
Amazon is reportedly in advanced talks to purchase self-driving vehicle start-up Zoox. Sources familiar with the matter tell The Wall Street Journal that the deal would value the company under $3.2 billion, the valuation its 2018 round of funding was based on.
Canada judge rules Huawei CFO Meng's fraud case will proceed
VANCOUVER - A Canadian judge ruled Wednesday the U.S. extradition case against a senior Huawei executive can proceed to the next stage, a decision that is e
China puts GDP target on history's ash pit
The ruling party abandons the material growth standard of gross domestic product. Now, like many nations, it struggles to define progress in alternative ways.
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
Holiday deals hoping to encourage domestic tourism
Cut-price campervan deals are encouraging Kiwis to holiday at home - but hotels, motels and restaurants are not seeing much movement ahead of the...
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
ANALYSIS: Vegan boom is heading for a meat-fuelled bust
Vegan companies were struggling with increasing costs even before the coronavirus pandemic.
Paytm allows Vodafone Idea feature phone users to recharge using UPI
Paytm said it has partnered Vodafone Idea and National Payments Corporation of India (NPCI) to allow feature phone users to recharge their numbers using UPI.
Bank: Lithuanian billion-rescue-plan may be slowed down by red tape
As the Lithuanian government plans to invest 6.3 billion euros in the economy and human resources in 18 months, Swedbank has pointed to excessive red tape as weakness that could slow down the investments, LRT reports.
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
Govt steps up locust control operations; drones to be deployed soon
The government has placed an order for buying 60 spraying machines from UK-based company Micron, and two firms have been finalised for supply of drones for aerial spraying of insecticides for effective control over tall trees and inaccessible areas, it added.
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery
Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees.
Supply side inflation easing
Via the excellent Damien Boey at Credit Suisse:
Lufthansa says 'unable to approve' coronavirus rescue over EU conditions
Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.
Amazon in talks to buy driverless-technology startup Zoox
Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.
USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H
USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see
VTA’s suggestion to MSME Minister Gadkari on GECL
Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags
Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately
The Irish Times view on: The EPA bathing report
Ireland in position to get massive post-Covid boost with proper water supplies in place
E-commerce transactions grow up to 25% in second week of May
Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce.
Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump
Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Jack Link's Snacks worker dies of COVID-19 in South Dakota
An employee at a Jack Link's Protein Snacks plant in South Dakota died after contracting COVID-19, the company reported Tuesday.
The going will get tougher for the Indian automobile sector; here's why
In the long run, more solid reforms might be needed to help auto sector be able to walk without the crutches that government might be able to give it.
$5,250 in fines for DIY plumbing
News from Plumbers Gasfitters and Drainlayers Board Property owners are again being warned not to fall into the trap of using unlicensed people to conduct restricted sanitary plumbing work on renovation projects.
‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus
The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.
COVID-19 to accelerate digital adoption in India
COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
UBS to set up fintech venture fund to speed up its digitisation
UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to finance start-ups which are disrupting the banking industry.
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Govt may launch coal blocks auction process under commercial mining on June 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
Pompeo says Hong Kong no longer warrants special pre-1997 treatment
Pompeo says Hong Kong no longer warrants special pre-1997 treatment
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
Good Works: Tencent and Universal Team Up on Charity PPE Distribution
In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
Need for growing NDB into global development institution: FM Nirmala Sitharaman
She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
France unveils stimulus plan worth €8 billion for car industry
The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.
Company completes 1st overland fiber-optic cable from Alaska
An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
Govt fails on buy local directive
NGHINOMENWA ERASTUS and LAZARUS AMUKESHETHE Agro-Marketing Trade Agency has challenged the government and its agencies to lead by example in implementing its directive to procure locally
COVID-19: Recovery Rate Now Up To 41.61 %, Fatality Rate Down To 2.87 %
India has reported about 0.3 deaths per lakh population, which is amongst the lowest in the world.
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
Challenger bank Lunar partners with Danish esports firm Astralis
Lunar, the Nordic challenger bank, has partnered with Danish esports firm Astralis Group to launch a new banking offering.
NUM: Some mining companies not protecting workers from COVID-19
The union said miners were still forced to work in close proximity because their jobs made it difficult to follow social distancing.
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore
Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas, meanwhile, had jumped from being the least affected region in labour market terms in the first quarter to being the most affected, with an expected 13.1 percent drop in working hours in the second, ILO Director-General, Guy Ryder, told a briefing.
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
Angela Merkel’s chancellorship “runs and runs” as her ratings surge and lockdown is eased in Germany
Why, despite being at the height of her powers, the chancellor will probably not seek a fifth term. And I say goodbye to Berlin for the first time in months.
Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19
NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...
Lockdown restrictions on SA Post Office relaxed
Acting Minister of Communications and Digital Technologies Jackson Mthembu has lessened the regulations that were imposed upon the Post Office.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Azam named top African Brand
Azam was on Sunday named one of the most admired African brands.The Azam non-cyclical consumer segment emerged as one of Most Admired African Brands (prompted) in this year’s Brand Africa.
A match made in heaven: How Vows for Eternity is redefining confidential matchmaking for global Indians
Headquartered in New York City with an established presence in Mumbai, Delhi, London and Dubai, Vows for Eternity is a global, confidential and personalised matrimonial search firm that brings life partners together based on mindsets, values and personalities
The US gaming headset market is found to have hit new heights as of April 2020
A new market research report states that the gaming headset sector broke records in terms of US retail sales in April 2020. This study also found that 8 of the 10 best-selling devices in this category were from the brand Turtle Beach. Of these, its Stealth 600 has accrued the most revenue in 2020 so far.
Reliable fibre connectivity will shape workplaces of the future
The COVID-19 lockdown has shown that the successful transition to virtual offices of the future will require extensive investment in digital infrastructure such as fibre.
Best of BS Opinion: India-China relations, the Covid curve, and more
Here is a summary of Business Standard opinion pieces for the day
Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million
Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.
Licence Check welcomes Government guidance on working safely with vehicles
Licence Check has welcomed updated Government guidance on working safely with vehicles during the Coronavirus pandemic as more businesses look to return to work.
Sony/ATV Promotes Peter Brodsky to General Counsel, EVP Business Affairs
Sony/ATV Music Publishing has promoted Peter Brodsky to general counsel to compliment his longtime role as executive vp, business affairs at the Sony Music company.
ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion
It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.
Major markets in Sekondi-Takoradi to be closed over surge in coronavirus numbers
Major markets in the Sekondi-Takoradi metropolis are expected to be closed down today for disinfection due to the rise in COVID-19 numbers in the region.
Annoying Security Line At Charlotte Airport Is Maybe A Good Sign For American Airlines
A video of a long security line at Charlotte Douglas was posted on Twitter Monday. On the negative side, the line recalled all the inconveniences of packed airports. On the plus side, same thing.
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
Air France agrees to cut many domestic flights
The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
World economic prospects darken, rebound delayed – Poll
BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Qureshi blames New Delhi for threatening regional peace amid India-China tensions
FM Qureshi urges India to behave responsibly in its border dispute with China
She is the World’s highest paid woman CEO
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company’s stock during her five years as CEO.
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Eskom sees lower risk of power cuts during winter
Eskom expects only 3 days of stage one power cuts, where up to 1,000 megawatts is taken off the national grid, during the winter period when demand increases, the chief executive officer said on Wednesday.
It's not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts
The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.
Bharti Telecom sells 2.75% stake in Airtel
Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
Food prices in South Africa have spiked – particularly these items
Families in South Africa living on low incomes may be spending 30% more on food than they did two months ago, the Pietermaritzburg Economic Justice and Dignity Group (PEJDG) says.
Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position
COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?
Big companies to get bigger after Covid: BofA Securities
The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.
Indian firm launching 5G satellite constellations to provide high-speed internet amid delayed trials
Government-sanctioned 5G trials in India, which were scheduled for this year, have reportedly been postponed by a year because of the coronavirus situation. As of now, India seems to have missed its seat in the global 5G wagon of 2020, which is being led by South Korea, China, the US, and the UK respectively.
Tesla to cut car prices in North America, China
The price cut comes as states after lockdowns during which demand for cars waned.
Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better
Existing health insurance plans offer far more features and benefits, but come with higher premiums
COVID-19: Lawyers Fault Nigerians Threatening To Sue Chinese Government For $200bn
The Nigerians had, in a petition, given China 14-day ultimatum to pay the sum of $200billion as compensation for the losses incurred as a result of the pandemic, saying failure to do so would lead to legal action.
Air New Zealand opens domestic and regional lounges with limited services
The lounges will be operating “slightly differently to what people are used to”, said the carrier
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
US closes probes into 3 senators over their stock trades
Sens. Dianne Feinstein of California, Kelly Loeffler of Georgia and Jim Inhofe of Oklahoma have been informed that the Justice Department has closed investigations into their stock trades.
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Tech selloff weighs on S&P 500, Nasdaq
Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.
'China must know Indians are no pushovers'
'China must know Indians are no pushovers'. 'We will not accept these misadventures by the Chinese.'
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Covid-19: Kenya cases jump to 1,471 as 123 test positive
This is so far the highest daily increase in the country.
Playing Defense With Cloud Software Stocks
Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.
Administrators deny South African Airways set to start flying
JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
Iceland cuts food waste 23% in two years as it commits to a 50% cut by 2030
A year after the Department for Environment, Food and Rural Affairs in the UK called on businesses to ‘step up to the plate’ and drive forward plans to cut food waste, the supermarket Iceland has announced food waste reductions of almost 2,500 tonnes, a decrease of 23.2% over the last two years, in its first public food waste report.
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
All Nippon Airways delays delivery of final Airbus A380
The final Airbus A380 would have joined ANA’s two other A380s which were flown on its Tokyo to Honolulu route
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
SAA administrators see reasonable chance of rescuing the airline
The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.
WHO warns that 1st wave of pandemic not over
Bangkok: As Brazil and India struggle with surging coronavirus cases, a top health expert is warning that the world is still smack in the middle of the pandemic, dampening hopes for a speedy global economic rebound and renewed international travel.Ri
Boeing set to announce significant US job cuts this week
A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.
EU readies trillion-euro aid plan as virus hammers Latin America
A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday.
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore
Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
Walvis councillor orders businesses' closure
WALVIS Bay urban constituency councillor Knowledge Ipinge has ordered a transport company and a bank to close their premises at the town due to fears of the spread of the coronavirus.
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
HBO Max is here to take on Netflix. Is it too late?
AT&T’s streaming platform goes live on May 27. At $15 a month, it’s more expensive than its rivals and comes at a time when household income is dropping.
Stock markets mixed as China-US tensions return to fore
Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
Swarms of desert locusts threaten India’s summer crops
NEW DELHI (AP) — An invasion by swarms of desert locusts has devastated crops in India's heartland, threatening an already vulnerable region that is struggling with the economic cost of...
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
SAT test now optional for US university admissions; Indian test-prep institutes feel the heat
For students, especially from non-native English speaking nations, the SAT is used to test the ability to read and comprehend university-level programmes
'Far too long': NZ should be at level 1, says Winston
New Zealand has been in lockdown for "far too long" and needs to be at level 1 now with a transtasman bubble already operating, says Deputy Prime...
Patanjali to raise Rs 250 cr through debentures
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
Coronavirus lockdown: JSW Sports, owners of IPL and PKL teams, see 30% impact on business in 2020
The impact of not having IPL this year will be big as the league is a massive P&L (profit and loss statement) for the company, said the JSW Sports CEO
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
France expects economic slow-down by 20% in Q2
French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.
India’s tourism ministry extends validity period for hotels and travel agents
The validity period of approval or certification of hotels and other accommodation units has been extended until June 30, and six months’ relaxation for all travel agents…
Boeing slashes 12,000 jobs as coronavirus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
Used cars: Leasing companies will have to ‘work harder’
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
Bank of Canada urges stores to continue to accept cash
Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
Hyundai Capital America goes live with Sopra’s Cassiopae
Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.
London-based Greyparrot nabs €2 million to automate recycling sorting
Today British AI tech startup Greyparrot has raised around €2 million to tackle the growing waste crisis, by introducing digitisation and automation to recycling. The round was led by Speedinvest, a leading early-stage industrial tech investor, with participation from Force Over Mass. The new funds
European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage
Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
Elon Musk's SpaceX raises US$346 million ahead of debut astronaut mission
Elon Musk's SpaceX said on Tuesday that it raised US$346.2 million in a new round of funding, a day before it launches two American astronauts to ...
COVID-19: West African Traders Losing 30 Per Cent Of Produce To Movement Restrictions
Although governments across the region have said food items are among a list of essential items that can move freely, a senior research fellow at the International Food Policy Research Institute, Antoine Bouet, said most of the trade in the country are done informally and in small quantities.
South Africa to let places of worship reopen from June
They will be limited to 50 people.
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
India should avoid understanding Beijing through 'biased' US lens, says Chinese strategic analyst
In the article, he also accused India of starting the latest standoff, alleging that it was a
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
India among major markets to see increase in ATM usage over 2019
Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.
Amazon may buy robo-taxi startup Zoox: Wall Street Journal
Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal
G20 finance projects give $77 bn a year to fossil fuels: watchdog
Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
Zipline Drones Will Continuously Drop Supplies To Hospital In North Carolina
Granted a waiver to operate due to the coronavirus pandemic, the operation could define how drone delivery works in the U.S. Its usefulness hinges on just how valuable a few pound of air-dropped supplies can be.
Floor trading resumes at NYSE, with masks and plexiglas
New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
NW Health MEC Sambatha ‘impressed’ with Impala Mine’s COVID-19 compliance
Sambatha has been monitoring the levels of compliance at the mine in Rustenburg.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
C’garh sees record single day spike in Covid-19 cases
The coronavirus infected persons are increasing in Chhattisgarh consistently. The state recorded the biggest single day spike on Tuesday with 68 fresh cases. With this, the active number of Covid-19 cases in the state rose to 281. Mungeli is till now the worst affected district. It again reported
Tesla cuts prices by as much as 6% in North America to boost demand
Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.
Airline debt could rise to US$550 billion by year-end: IATA
IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
Hairdressers head to court today over level 3 restrictions
With level 3 regulations set to come into effect next week, those in the hair and beauty industry are still not being allowed to fully operate.
City Power identifies Joburg hot spots for 'load rotation'
The power utility said it was facing capacity constraints in most areas especially where illegal connections were on the rise.
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
'Far too long': NZ should be at level 1, says Winston
New Zealand has been in lockdown for "far too long" and needs to be at level 1 now with a transtasman bubble already operating, says Deputy Prime...
Tech reboot in store for EU as plans recovery from crisis
Tech reboot in store for EU as plans recovery from crisis
Electric vehicle makers battle the COVID-19 pandemic
Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.
Disney to present reopening plan for Walt Disney World
LOS ANGELES, May 27 — Walt Disney Co will present its proposal for a phased reopening of its Orlando, Florida, theme parks to a local task force today, the company said in a statement. Disney closed theme parks around the world starting in January to help prevent the spread of the novel...
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
TUC fights Trade Fair Company over ‘illegal’ mass layoffs
Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.
The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.
We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.
Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds
A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.
Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
Glenmark gets USFDA nod to market generic drug for muscle pain
Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
A top trick for great content marketing
Content marketing is a powerful tool – and can be quick and simple to implement for your brand.
UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens
The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.
Irish Times view on Europe’s relations with China: Into the East Asian century
China has deployed a twin-track strategy of soft and hard-power diplomacy
Intel tweaks its stock cooler for the first time in years: still no match for AMD's Wraith coolers and nowhere near good enough for the Comet Lake S i9-10900K
After nearly a decade of rehashing its stock cooler, Intel's finally made substantial (although entirely cosmetic) changes to its stock cooler design for a limited number of Comet Lake S SKUs.
India's Covid-19 tally crosses 1,50,000-mark, toll at 4,337
India's Covid-19 tally crosses 1,50,000-mark, toll at 4,337. According to the ministry's website, more than 70 per cent of the deaths are due to comorbidities.
WTI strength fizzles around $34.00, API data eyed
WTI retraces from the highest since March 11 while taking rounds to $33.90 during the initial Asian session on Wednesday. While optimism surrounding a
Shops except for medical, essential items to be closed at 5pm from today in KP
KP govt spokesperson says barbershops will only remain open from Friday till Sunday
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Demand for housing sector will come back in medium term, says HDFC CEO Keki Mistry
Now, historically, whenever there has been any kind of stress in the market, NPLs tend to go up in short term, but once the stress get alleviated, NPLs come down to the normal levels.
Airlines given $123 billion in state aid – IATA
While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain
The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.
Boeing Slashes Over 12,000 Jobs, With More Cuts Coming
The cuts come as the commercial airline industry has seen a historic fall in demand.
Covid-19: Catch up to trend-GDP difficult in three years
However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.
French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown
Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.
Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector
Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Strong customer authentication suffers another delay
The Financial Conduct Authority (FCA) recently announced it is allowing extra time for the roll-out of Strong Customer Authentication (SCA) for e-commerce transactions in the UK, and the move is likely to be followed by others across Europe.
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
Confirmed COVID-19 cases in Oyo company now 151 — Makinde
According to available information, the company has about 500 staff
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
EU unveils huge aid plan as virus hammers Latin America
The massive European plan follows other unprecedented emergency measures introduced around the world to rescue economies shattered by the disease, which has claimed more than 350,000 lives as infections top 5.6 million.
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Nord Stream 2 Operator Says Sanction Threats Are Discrimination Against European Companies
MOSCOW (Sputnik) - Threats to impose sanctions against the Nord Stream 2 gas pipeline project are discrimination against European companies, the project operator, Nord...
Unibank completes processing stage of TranzAxis migration
Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.
University of California invested $68M in Hawaii telescope
The University of California system has invested more than $68 million in the Thirty Meter Telescope project in Hawaii, a report said.
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
KU Athletics imposing new pay cuts, furloughs to cut costs
The University of Kansas athletic department has imposed pay cuts and furloughs for all employees in response to financial problems caused by the coronavirus pandemic.
Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Missing power goals again! Thermal plants all set to miss 2022 pollution target
With two years to the deadline, just 97 GW of the coal-fired capacity is in compliance with particulate matter (PM) standards, while upgradation is underway in 14 GW and a mere 16 GW of capacity is in compliance with SO2 norms.
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
Rand falls as Sino-US friction dents risk appetite
At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.
US offers to mediate between China, India on border row
The US on Wednesday revealed that it has offered to mediate in the ongoing standoff between India and China at the Line of Actual Control (LAC) in the Union Territory of Ladakh.
Restaurant association questions allowing reopening of places of worship
CEO at the Restaurant Association of South Africa Wendy Alberts said the industry was suffering.
Two held for swindling Rs 48L through chit fund company
Two persons were arrested for swindling Rs 48 lakh on the pretext of doubling the money within 15 days, police said here on Tuesday. The accused had created a phony chit-fund concern, ‘The Future Company’. They claimed it to be a chain-marketing company which could double
Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%
Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.
JP Morgan to deploy Calastone tech for automated settlement
JP Morgan has signed a partnership agreement with Calastone which will see it deploy the latter’s technology to enhance its settlements processes.
Ministry boosts Khomas agriculture
THE Ministry of Agriculture, Water and Forestry has donated breeding stock to vulnerable communities in Khomas to generate income and ensure food security.
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
TikTok owner made over R52 billion net profit last year – Report
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
The lockdown can hurt ISPs – Depending on the impact in the coming months
The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.
Morgan Stanley Tip Westfield Malls Best Set To Recover
Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Retail stores allowed to reopen in city of Los Angeles, Garcetti says
Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.
Trade War 2.0 or worse? Trump strips Hong Kong of it's special trading status, dramatically escalating US-China tensions
In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.
Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession
“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."
L&T delivers critical nuclear power plant equipment to global customers during lockdown
The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.
The little electric cars used for ecommerce deliveries in South Africa
Tiny electric vehicles used by South African ecommerce companies to facilitate deliveries are in high demand.
Vestapace to launch 35 satellites for 5G network in India, eyes commencing operation by 2021
Vestaspace Technologies founder and CEO Arun Kumar Sureban said a beta version of the next-generation satellite constellations is planned for September 2020, besides the launch of a fully operational constellation of satellites in early 2021 into 'Low-Earth-Orbit or Geosynchronous Equatorial Orbit'.
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19
Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
Aviation services on path to normalcy
Mumbai operates 44 flights out of the allocated 50, catering to 4,224 passengers
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
Trade War 2.0 or worse? Trump strips Hong Kong of its special trading status, dramatically escalating US-China tensions
In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.
S&P 500 rises on boost from bank shares
S&P 500 rises on boost from bank shares
South Africa should revisit alcohol regulations: ANC’s Duarte
Deputy secretary-general of the ANC Jessie Duarte says that South Africa should reassess its policy in terms of the regulation of alcohol ‘with or without the Covid-19 threat’.
Qualcomm XR Viewer Program Gains Momentum With Operators
Analyst Anshel Sag discusses the latest news around Qualcomm's XR Viewer program and its inroads with operators.
ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area
Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.
China's survey team summits Mt Everest to remeasure its height
After summiting, team members began erecting a survey marker on the snow-covered peak, which measures less than 20 square meters, the report said.
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020
Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.
Data leak on UIF COVID-19 relief scheme website
The Unemployment Insurance Fund has made changes to the website for its Temporary Employer-Employee Relief Scheme after a security researcher reported a data leak.
Montreal Shatters May Temperature Record With A 98°F High On Wednesday
Wednesday's high temperature of 98°F in Montreal, Quebec, is one of the city's hottest temperatures on record.
Wyndham welcomes 11 new-build US properties in first quarter
Over 25 new-build hotels were also signed over the same period, and another ten began construction…
Harare man jailed for conning Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.
Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio
Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.
354 domestic flights soar the skies on day 3: Aviation minister
354 domestic flights soar the skies on day 3: Aviation minister. Domestic passenger flights are currently permitted to operate from all airports in the country except the ones in West Bengal.
Jamaica celebrates World Food Safety Day on June 7
JAMAICA will join the rest of the world on June 7 in the second staging of World Food Saf...
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
Airbus wins ESA contract to construct third European Service Module for NASA's Orion spacecraft
The European Space Agency (ESA) has signed a contract with Airbus for the construction of the third European Service Module (ESM) for Orion, the American crewed spacecraft. The contract is worth around euro 250 million.
$20 trillion recession to come? Impact of Coronavirus on the world economy
Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Government to seek quicker delivery of broadband plan
The Minister for Communications has said he has asked his officials to examine the feasibility of accelerating the roll out of the National Broadband Plan.
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
2021 BMW 545e plug-in hybrid Not Coming to US Market
The all-new BMW 545e PHEV, as part of the new 5 Series LCI facelift, won't be coming to the US market, only the 530e will be.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Lufthansa supervisory board unable to approve bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Thai parliament urged to pass record US$60 billion coronavirus stimulus bill
Thailand's premier on Wednesday urged parliament to approve the kingdom's biggest-ever stimulus package to revive an economy battered by ...
Japan enacts law toughening regulations on tech giants
The Diet enacted a law Wednesday requiring major technology companies to be more transparent, falling in line with other countries in toughening regulations on industry giants such as Google LLC and Amazon.com Inc. Companies that operate e-commerce websites and apps will be required to submit reports on their business practices…
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
India: Largest Private Port Operator Partners TradeLens to Deploy Blockchain in SCM
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator has partnered with blockchain-powered digital container logistics platform TradeLens to optimize its port operations and improve supply chain management (SCM).
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
Russian fighter pilot seen through the window as jets fly dangerously close to US patrol aircraft AGAIN
RUSSIAN fighter jets were spotted flying dangerously close to US military aircraft over the Mediterranean Sea on Tuesday. The two Su-35 aircraft “unsafely intercepted” a P-8A Poseidon patrol aircra…
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Eastern Airlines has helped thousands of stranded Americans return home
Small companies can do big things.
Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News
New Delhi: Pension fund regulator PFRDA on Wednesday said it has allowed Aadhaar-based paperless KYC process for onboarding of new … Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News Read More »
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
Boeing job cuts start to hit nearly 13,000 workers
A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.
GITAHI: The case for reopening our economy
The economy must be restarted and people given their lives back.
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Boeing resumes production of its troubled 737 Max airplane
The plane involved in two fatal crashes is starting back up production.
Singapore firm offers to acquire P7.3-b stake in First Gen
Valorous Asia Holdings Pte. Ltd. of Singapore offered to acquire up to 9 percent of outstanding common shares of First Gen Corp. for P7.286 billion.
Coronavirus Impact: 72% consumers want to buy from locally sourced items going forward: Deloitte Consumer Tracker Report
Consumers are carefully evaluating needs versus wants of products and services making a shift towards less discretionary purchases
PH airlines ready to resume flights under ‘new normal’
Philippine carriers are ready to resume passenger commercial flights under the “new normal” as the Air Carriers Association of the Philippines renewed their call for government support.
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore
Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg
Lufthansa board rejects EU conditions on US$10 bln bailout
German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...
FIA approves F1 budget caps over next five seasons starting from 2021
The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion
Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers
Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.
House casts proxy votes in pandemic, Republicans have doubts
WASHINGTON (AP) — It was a day for the history books on Capitol Hill: For the first time, House lawmakers voted by proxy, an unprecedented move to avoid the risks...
Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis
Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.
Broadwind Has Towering Potential And A Not So Towering Valuation
Broadwind's 1Q20 report was stronger than expected. In the wake of the quarterly call we spoke with the company to address a few additional questions we had. We
Need for growing NDB into global development institution: FM Nirmala Sitharaman
In her remarks at the meeting, Sitharaman appreciated Kamath for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS (Brazil, Russia, India, China and South Africa) leaders in 2014.
GITU: Fine-tune reforms to make tea growing worthwhile
Start a reserve fund for marketing Kenyan tea as a quality global brand.
Chinese team completes measurement work on Mount Qomolangma using homegrown technology
China's new homegrown technology applications such as 5G and the BeiDou Satellite Navigation System have ensured the smooth undertaking of the country's latest quest to re-measure the height of Mount Qomolangma, the world's highest mountain located on the China-Nepal border, on Wednesday.
Conglomerate of health workers in Akwa Ibom begin streets and markets sensitization
As part of measures to check and prevent the spread of Coronavirus in Akwa Ibom state, the Conglomerate of Health Professionals in the state has commenced street and market sensitization.
Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis
Most of the reductions will take place this year, according to an internal memo said.
Nationalisation of Reserve Bank: What SA can learn from New Zealand
New Zealand’s handling of policymaking regarding its central bank holds lessons for SA when it comes to plans to nationalise Reserve Bank, writes Hlengani Mathebula.
Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over
The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
SPDR Portfolio S&P 500 Growth ETF's Exposure To Technology Stocks Is Advantageous
SPYG invests in large-cap growth stocks in the S&P 500 Index. The fund’s relatively lower exposure to cyclical sectors is advantageous as the impact of COVID-19
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again
A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.
AUD/USD stretches recovery moves beyond 0.6600 despite US-China tussle
AUD/USD extends the late-US session recoveries while trading around 0.6620 at the start of Thursday’s Asian session. Although concerns surrounding the
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
Teekay LNG: Attractive Long-Term Cash Flow Visibility Will Move The Needle
Teekay LNG Partners reported solid results with record-high Q1 2020 adjusted net income (7th consecutive quarterly increase). Importantly, the TGP IDRs were eli
Exxon Mobil Corporation (XOM) CEO Darren Woods Hosts 2020 Annual Meeting of Shareholders (Transcript)
Exxon Mobil Corporation (NYSE:XOM) 2020 Annual Meeting of Shareholders May 27, 2020 10:30 AM ET Company Participants Stephen Littleton - Vice President of Inves
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
Lufthansa refuses to accept EU conditions on $10-billion bailout
Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.
IM-SHORAD delayed by pandemic, but first unit equip date remains in place
"We're making adjustments as necessary, and then working with the companies to try and catch up," the head of Army acquisition said Wednesday.
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore
Business Insider - Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.. Read more at businessinsider.sg
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
Wall Street Close: Bulls holding the reigns still and defying gravity
US benchmarks impressed yet again on the bid as a classic case of fear of missing out could well be drawing the less committed, or late decision-makin
Changing marquees at MGM hotels signal Strip’s reopening
Signs of casino reopenings started to appear Wednesday on the Las Vegas Strip as MGM Resorts International and other companies prepared to begin operations again.
Boeing Cuts Jobs for 12,000 Workers in the US
Boeing has been reeling from a drop in demand for aircraft, as travel plunges amid the pandemic and worsens the pressure on the company, which was already in crisis...
IAF gets second Tejas squadron; Air Chief shows the way with solo sortie
Air force chiefs, including Pakistan's recently, often go up for a spin to boost the morale of their fighter pilots.
No university bailout for international students
Australia’s universities continue to cry poor over the reduction in international student numbers, signaling heavy financial and job losses:
U.S. Stocks Climb to 12-Week High; Treasuries Drop: Markets Wrap
All you need to know about global markets today.
I've not stepped down as AfDB president, says Adesina
African Development Bank (AfDB) President Dr. Akinwumi Adesina has denied stepping down from office.Adesina, in a statement, said “the bank’s...
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank
CARACAS — Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Coronavirus recovery rate in India rises to over 42%, nearly 65,000 cured from COVID-19
Punjab showed one of the best recovery rates in India, over 90% people were cured from the disease.India registered one of the lowest COVID-19 fatality rates in the world, the health ministry said
PV power plant design software upgraded
PVcase, the photo-voltaic power plant software specialist, has released version 1.33, to coincide with the update to PVsyst 7.0.
JNU Prof’s Fix for Economy’s Revival Post Lockdown
According to Mumbai-based think-tank, Centre for Monitoring Indian Economy (CMIE), more than 122 million Indians — mainly daily wage … JNU Prof’s Fix for Economy’s Revival Post Lockdown Read More »
Explained: In uncertain times, how search for ‘normal year’ leads to data vacuum
Among Covid-19’s casualties are the postponing of Census operations and undertaking of key official primary surveys necessary for a better understanding of the economy
Oil halts rally near $34 on signs of Russia easing supply cuts
Moscow wants to scale back output curbs in line with the OPEC+ deal
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
PPE kits not covered under insurance, yet cost 50% of COVID-19 treatment
Jayan Mathews, Co-founder and Chief Product Officer at healthcare financing platform Vital, expects the stakeholders to reach an agreement soon
EDITORIAL: Gov. Steve Sisolak lifts more restrictions amid ‘35-day downward trend’
Welcome news for workers, business owners.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...
Small signs of normality returning to our town centres ahead of shops reopening
While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.
Global operators push 5G Extended Reality
A group of fifteen global operators backed a push from Qualcomm to bring 5G-enabled VR ...
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
After shortages, Britain opens new protective equipment supply lines
LONDON: Britain said on Tuesday (May 26) it had agreed deals with more than 100 new suppliers of personal protective equipment (PPE) used to ...
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
Number of lone parent families in Ireland at highest level since 2012
Our single income family numbers are also well above the 16.5% EU average
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
'Buzz in the air' as Shropshire shops prepare to reopen
Plans to reopen retail next month could save the high street and stop scores of shops being closed for good, according to a Shropshire business owner.
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
Nvidia AI tech recreates Pacman code from watching it being played
Nvidia says it has developed AI technology which can re-create the code that created Pacman just from watching the game being played.
Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak
TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.
ICMR removes Rs 4,500 price cap for COVID-19 tests, asks states to negotiate with private labs
The ICMR has said, since the production of indigenous test kits like ELISA which was developed by National Institute of Virology, India is no more solely dependent on imported testing kits.
Singapore fintech firm secures $17M to build out platform | ZDNet
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
Shops reopening 'vital in battle to save Midlands towns'
The reopening of shops has been welcomed by West Midlands Mayor Andy Street, who said it was "vital" for town and city centres.
From the PMO to FM Nirmala Sitharaman, Khadi masks are in vogue during Covid-19
Khadi & Village Industries Commission has already sold 6.5 lakh masks since the time it started production in April. The masks are available in different variants for men and women.
YouTube says removal of China comments 'an error'
YouTube said Tuesday it was investigating the removal of comments critical of the Chinese Communist Party from the video-sharing platform, saying the filtering appeared to be "an error." The comments
5 New Cases of Coronavirus reported in Meghalaya -
The coronavirus, which originated from China, has spread to every corner of the world today and India is also dealing
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on
Leaders at UBA Africa Day seek economic recovery
Global leaders have emphasised the need for strong collaborations between governments and the private sector to achieve quick recovery for African....
Construction at lowest level since 2010
While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
Virus sparks record drop in energy investment – IEA
The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020
Ex-Citi banker's alleged ties at issue in insider trading appeal
When prosecutors knew about possible links between a former Citigroup banker and a wealthy businessman will be one of the issues reviewed.
Chicago to reopen trading floor with masks
New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.
IEA: Covid-19 crisis causing biggest fall in global energy investment in history
In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Primark's new rules for when stores reopen
Shops will be allowed to welcome back customers in England from June 15
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Cognizant offers voluntary separation package for US staff as Covid hits biz
New Jersey headquartered Cognizant has announced a voluntary separation package (VSP) for its US employees. Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects.
Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei
KUALA LUMPUR (Reuters) - Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
Facebook wallet for Libra digital coins renamed 'Novi'
Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would
Predicting the course of US-China relations in the post Covid-19 era
Authors: Ayush Banerjee and Dhritiman Banerjee* The coronavirus pandemic is a natural threat to the geopolitical order. And it is needless to state that this majorly affects the currently international paradigm in a manner that the world has not seen before. Although there have been a few instances where pandemics have shaken the mortality rates, […]
Darvel group serving up food and friendship during lockdown
The Darvel Dinner ladies sprung into action before the pandemic took hold.
Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
Chinese team summits Everest amid bid to remeasure peak
A Chinese survey team on Wednesday became the first and perhaps only group to climb Mt. Everest this year, part of a project to remeasure the exact height of the world's tallest mountain.
Banned Together: Iranian Ships in Venezuela Defy US Blockade
The arrival of the Iranian fuel vessels on the Venezuelan coast shows that there is an alternative to the US-imposed "world imperative", Venezuelan analyst Sergio...
Randy Orton reveals that he's bought a new plane
Yes! Randy Orton announced on Instagram that he bought himself a new plane!
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”
Asian shares slip as new Hong Kong tensions rise
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
Johnny Ronan plans boutique hotel after paying €3.8m for Dublin docklands houses
Terrace at 34-38 Upper Mayor Street located beside Ronan Group's Project Waterfront site
Chinese team summits Everest amid bid to remeasure peak
The ascent, reported by Chinese state media, comes after both China and Nepal canceled the spring climbing season on the mountain that straddles their border.
Covid-19 fallout: Lower capex by states to weigh on EPC sector
As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector
Otago dairy farming company fined $270,000 after worker suffers spinal injury
It was also ordered to pay the worker more than $45,000.
Rs 15,000 crore worth MoUs to be signed in TN today
Even before the lockdown could fully be lifted, Tamilnadu is today set to sign MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Training offered through Commonwealth Games scheme
A scheme to improve people's skills to help them land jobs created by the upcoming Commonwealth Games has launched.
Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier
A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.
Uncovering the atrocious plot to tarnish mr Adesina’s legacy at Africa’s apex bank
The African Development Bank is currently gearing up for another leadership election.The current President, Adesina, is already dealing
If plans fructify, NHPC will become world’s largest floating solar company
So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop
Banks plan for arrears; retailers push to open; and watchdog counts Covid cost
Business Today: the best news, analysis and comment from The Irish Times business desk
Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension
Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti
Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
Government has no choice, must listen to wise counsel: Chidambaram
India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su
Covid-19: Reopening may be gradual, segmented
Experts say measures need to be put in place to ensure no Covid-19 spike after opening economy.
Some South Coast towns are still on temporary networks, but funding has been allocated for upgrades and resilience
RFS control centres on the South Coast will be among the 2000 locations to receive satellite connection to Sky Muster under federal funding
Gold Futures: Downside seen shallow
Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
GBP/USD: Potential move to 1.2400 on the cards – UOB
Cable could extend the upside momentum to the 1.2400 mark in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterda
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
States need to Raise 20 Lakh Crore rupees to Fight Coronavirus -
Union Minister Nitin Gadkari on Wednesday said that in the wake of the crisis arising out of the Covid-19 pandemic,
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Turkish Airlines may delay delivery of Airbus, Boeing planes: Report
Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing ...
Airtel's stake sale to get ready for a bigger fight with Jio
Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board
New bid for 27 self-build and custom-built homes in Suffolk village
Plans for up to 27 new homes in Melton have been re-submitted by developers.
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez
The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
IHCL goes for enhanced safety and hygiene for opening hotel post lockdown
As part of its strategy to open its hotels after lifting of lockdown, Indian Hotels Company Ltd. (IHCL) has decided to use industrial strength disinfectants at common and high-touch areas of hotels li
Six Barrel Soda Expands Overseas Presence, Opens First Auckland Store
Six Barrel Soda Co. is growing its presence in Hong Kong and the United States, hot on the heels of expanding its export markets to include Canada just before the Covid-19 Lockdown.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Report: Local News Stations Run Segments Scripted and Produced by Amazon
According to a recent report, local news stations across the United States have run news segments scripted and produced by e-commerce giant Amazon. Unsurprisingly, the segments were overly positive about Jeff Bezos' company and its employment practices.
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output
MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
Tata Power plans to add 700 MW in renewable energy
Enhances renewables portfolio by 7% to 3,833 MW
SK Telecom: Still Waiting For Positive Change
SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
‘Overall Stable and Controllable’: China On LAC Situation
China on Wednesday said that the situation at the border with India is
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades, Business Insider - Business Insider Singapore
Business Insider - From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.. Read more at businessinsider.sg
Girl, 11, plunges 200ft and breaks her back after falling through a gap on a glass walkway in a Chinese park
The 11-year-old dropped to the ground after her safety harness 'fell off', Chinese authorities said. The walkway comprises of dozens of see-through panes with gaps in between.
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
Shopify Will Remain an E-Commerce Powerhouse
Shopify is capitalizing on this shifting trend in e-commerce as people avoid brick-and-mortar stores. SHOP stock is a strong buy right now.
Global Covid-19 Cases Rise To Over 56 Lakh, Death Toll Crosses 3.5 Lakh Mark
The total number of people that have recovered from the disease has also increased to over 23 lakh.
Theatres, cinemas, summer camps to reopen as Swiss relax virus curbs
ZURICH (Reuters) - Switzerland said on Wednesday it would lift curbs on larger public gatherings next month and free up travel within Europe’s 26-nation Schengen zone by July 6, further easing restrictions on public life as the coronavirus outbreak ebbs.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
Pompeo: China has taken Hong Kong’s autonomy away
‘No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground,’ said the US secretary of state.
GOG’s Summer Sale offers up to 95% off PC games, System Shock demo
The deals last through June 15
COVID-19's Final Act And Epilogue
COVID-19 is winding down. MLPs and MLP closed end funds are a bargain. The stock market has upside but there are many risks.
Informa Markets To Launch The Industry’s Largest Digital Tradeshow
Changes are coming! Informa Markets Fashion and wholesale e-commerce platform NuORDER have partnered to launch the industry’s largest digital tradeshow, which will debut alongside Informa’s
13 YouTube channels to turn yourself from wagecuck to finance god
It seems budgeting, saving, and investing are all the rage nowadays, and that everyone’s joining the FIRE (Financial Independence Retire Early) movement. This is reflected by the increasing popularity of budgeting and trading apps, ETFs (exchange traded funds, baskets of stocks you can invest in to spread your risk), and business news sites. But who […]
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
AUD/USD reversal from 0.6680 finds support at 0.6565
Australian dollar’s reversal from 2, 1/2-month highs at 0.6680 has been contained at 0.6565 on Wednesday’s US trading session and the pair is trimmin
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore
Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg
Boeing starts job cuts with 6,770 layoffs in U.S. this week
Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
'I tried Burger King's new Social Distancing Whopper and it made my eyes water'
In Italy Burger King have launched a new take on their most popular burger known as the Social Distancing Whopper which is meant to help keep people away from you
France unveils $8.7 billion plan to rescue ailing car industry
The plan focuses on the production of environmentally-friendly vehicles
Air Canada to resume flights to Phoenix in August
After nearly a month of closures due to the Covid-19 pandemic, Air Canada has resumed flights to and from the United States, with service to Phoenix Sky Harbor International Airport set to resume in August.
H&M set to cancel furloughs for 2,500 at Stockholm headquarters
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be ...
Coffee quality likely to drop as farmers struggle to offload unsold harvest
Kampala, Uganda | THE INDEPENDENT | The quality of coffee from a lot of farmers will likely be compromised as many who failed to get buyers to take their produce decided to heap it in their homes. This is according to the Uganda Coffee Development Authority (UCDA) managing director Emmanuel Ilamulemye, who spoke during an …
Docker hopes to resurrect its fortunes with new developer focus
Docker kicks off its annual developers conference this week as the company tries to demonstrate that its turnaround strategy is gaining momentum.
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
10 Stocks Worth Your Time on Robinhood’s Top 100 List
Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.
Banner Health invests in firm that gained attention as domestic PPE manufacturer
Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.
McDonald’s announces all Irish drive-throughs to reopen on June 4th
High levels of anticipated demand will see each location revealed on morning of opening
Effective test, track and tracing 'can reduce lost working hours by 50%'
UN research shows strong systems can reduce public fear and minimise workplace disruption
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry
Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
Valley company starts production on Sheriff Joe Arpaio TV docu-series
Former Maricopa County Sheriff Joe Arpaio will be the subject of an upcoming TV docu-series, which will look at his life and the controversies around his 24 years as sheriff.
PR Consulting Shutters L.A. Office
A growing number of p.r. firms have been impacted by COVID-19 as fashion companies postpone shows and events and pull back on advertising.
Trinity Biotech expects Covid-19 immunity test to be authorised shortly
Irish life sciences company also at advanced stage in developing 12-minute diagnosis test
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic, which has kill...
Sun set to stay in Suffolk as warm spell continues
Suffolk is set to see a prolonged warm spell this week with clear skies and temperatures reaching the mid 20s.
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades
By all measures, the coronavirus pandemic has crippled the United States economy: Unemployment is at record highs, lines for food banks circle entire city blocks, and the rate of business bankruptcies has accelerated.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
Buni to test landing completed Yobe cargo airport
Governor Mai Mala Buni of Yobe state; has said that ‘test landing’ of multi-billion naira Damaturu International Cargo Airport is slated for
COVID-19: EU aims to back struggling south with fiscal shock and awe
Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore
Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
Judge rules property fund to pay costs of dispute over warehouse access
Case concerned access to property on Long Mile Road
Enel Expands Renewable Energy Platform In US & Chile
Enel began as a utility company in Italy, but it has expanded its presence into a total of 30 countries. Today, its Green Power subsidiary is one of the largest investors in renewable energy in the world and it is growing bigger all the time. This week, the company announced its Green Power North America
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
British diplomat still missing after going for a jog three weeks ago
He had been due to take up the position of British High Commissioner to Fiji in July.
Texas Bar Says Patrons Wearing Masks Will Not Be Allowed Inside
It is possible you could see a ' No Mask, No Service' sign at a particular business. At this place, it's 'Mask On, No Service'.
EU pledges 40 billion euros for 'just transition' from fossil fuels
BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.
French economy making 'cautious' virus lockdown recovery
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
Amazon provides free COVID-19 health insurance for its sellers
Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.
Indore: Doctors fear coronavirus, only 20 per cent clinics open in city
Due to the less number of clinics being operated currently, people have to travel more in the city during lockdown to reach clinics.
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
SA plans R350-billion infrastructure fund, including for broadband
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.
Swiss companies must help pay rent for employees working from home: court
The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
Stock indexes rise on optimism of recovery, shrink back
US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
Boeing slashes 12,000 jobs as virus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.
‘Killer highway’ in Balochistan more deadly than terrorism
KARACHI: In Balochistan, fatal highway accidents have surpassed even terrorism in deadliness as the strategic region prepares to receive $64 billion in investment as a key route of the China-Pakistan
Cause to celebrate Africa Day amid a lack of energy access
Africa Day, an opportunity to raise awareness on how diverse each African country is and the importance of this diversity in doing business in each region.
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank
The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co
Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
New York governor floats infrastructure projects to reboot economy
NEW YORK, May 27 — New York Governor Andrew Cuomo yesterday floated a number of major infrastructure projects to reboot the US economy post-pandemic, saying he would raise the issue at a meeting today with President Donald Trump. “Let's do something creative, let's do it fast. Let's put...
Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.
AUD/JPY: Bears getting set for potential major sell-off
AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t
Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ
RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data
NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the
France unveils US$8.8b plan to revive auto sector through electric cars
ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...
Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region
Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.
Apple to reopen about 100 stores in US, most with curbside pickup
CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...
Surge of financial aid has HALO service ‘optimistic’ about short-term future
Air ambulance organizations in Alberta depend on donations, but charities are suffering after the novel coronavirus pandemic iced the global economy
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
IndiGo flier tests positive after landing in Coimbatore
"No one else was seated in his vicinity, significantly reducing the possibility of transmission... The operating crew has been home quarantined for 14 days and we are in the process of notifying other passengers as per the government guidelines," the airline said.
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.
NZ facing worst downturn in 160 years: central bank
If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.
Presses start rolling as weekly newspapers prepare to publish again
THE Mourne Observer will be available again in newsagents' shops this morning, heralding a return to the shelves of a number of weekly newspapers which were temporarily shut during the coronavirus pandemic.
SCO Summit, Scheduled for 22-23 July in St. Petersburg, Postponed, Source Says
MOSCOW (Sputnik) - Russia has decided to postpone the summit of the Shanghai Cooperation Organization (SCO), it could be held closer to the fall, a high-ranking source...
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities
SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...
The Sector Back From the Grave
While the S&P has been soaring, there's one sector (other than tech) that's crushing it ... and you probably haven't been paying it any attention.
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Live Coronavirus Updates: Fatality Rate Reduced To 2.87%, Lowest In World, Says Health Ministry
The Health Ministry said the COVID-19 fatality rate in India is 2.87 per cent, the lowest among countries badly hit by the pandemic.
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor
The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.
Amazon in advanced talks to buy self-driving startup Zoox: WSJ
(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.
N.L. warns of exodus of oil and gas industry without more federal help
ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.
Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data
More people are heading into shopping centres as coronavirus restrictions ease in Australia.
North Dublin lands with residential potential on sale for €450,000
Swords Road holding of 5.4 acre sits close to housing just off M1
Property professionals must see technology as an opportunity, not a threat
Over the past 10 weeks, digital platforms have played a key role in sector
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
Passenger on Delhi-Ludhiana Air India flight tests positive for coronavirus, 40 others quarantined
A passenger on a Delhi-Ludhiana Air India flight on Tuesday tested positive for coronavirus. Air India has said 36 passengers and 4 crew members have been quarantined in Punjab.
GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business
schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional
The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.
Finnish study proposes a model to predict cryptocurrency defaults
University of Vaasa researchers propose a model that is capable of explaining 87 percent of cryptocurrency bankruptcies after only one month of trading. It could potentially serve as a screening tool for investors keen to boost overall performance of cryptocurrency investment portfolios by avoiding investing in unreliable cryptocurrencies.
Shares in Latin America's biggest airline drop 35% after bankruptcy filing
SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...
‘Is this a joke?’: On Shramik trains, passengers complain of long delays – with little food or water
Many say that trains stop in open fields or at stations where all food stalls are shut.
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis
Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director
Morrison is chasing votes at the expense of exports
We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Car buyers falling victim to vehicle sales scams
Consumers who want to buy cars should make sure that they deal with a legitimate car dealership to avoid being victims of scams.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
A Tech Billionaire May Find Use in a Cold War
Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.
Tesla = #1 In Brand Loyalty In Norway & #16 In Customer Satisfaction
By Johnna Crider & Zach Shahan A new study has found that Tesla has the highest brand loyalty in Norway. Additionally, the Norwegian news site Dagens Naeringsliv shared that despite Tesla falling a bit in Norwegian customers' eyes in early 2019 in terms of overall customer satisfaction (a different category from brand loyalty), the company is now
Sainsbury's massive sale starts today with clothes for £1
Sainsbury's up to 70% off sale launches across stores today with huge savings to be made
Business will be the loser in the US-China fight
Both nations are indispensable, so companies face a two-track world
Informa Teams With NuOrder to Digitalize Trade Show Experience
The trade show operator and e-commerce platform will work to bring brands and retailers together.
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
ByteDance Hit $3 Billion in Net Profit Last Year
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript
Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J
Covid-19: China’s industrial firms profits fall in April but at slower pace
Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.
US Treasury pressure leads to new probe of African Development Bank chief
Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.
Chinese team summits Everest amid bid to remeasure peak
BEIJING — A Chinese survey team on Wednesday became the first and perhaps only group to climb Mt. Everest this year, part of a project to remeasure the exact height of the world’s tallest mountain.
From Wall Street to Bethlehem, iconic sites reopen from virus
NEW YORK: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors … From Wall Street to Bethlehem, iconic sites reopen from virus Read More »
Starfield 2020 Release Debunked As Bethesda’s Pete Hines Says the USK Rating is Merely a Glitch
Earlier this week, Bethesda’s highly-anticipated title seemingly received an USK rating, which had many hoping for a Starfield 2020 release.
EUR/USD: Extra gains expected above 1.1020 – UOB
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s
Tesla to cut car prices in North America, China
BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
EUR/USD range play continues ahead of Lagarde speech, EU summit
While EUR/USD registered gains on Tuesday, the ascent stopped just short of 1.10, keeping the multi-week trading range of 1.1019-1.0727 intact. At pre
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Coronavirus update: Germany virus reproduction rate drops further to 0.70
According to the latest data from the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cas
Global energy spending to fall $400bn due to coronavirus crisis
IEA says investments in low-carbon technologies falling far short of climate goals
GBP/USD: Off two-week top under 1.2400 amid US dollar pullback
GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.
Coronavirus accelerates shift away from cash
Pandemic encourages more businesses to move to contactless payments
Huawei CFO to find out if her fraud case will proceed
Canada arrested Meng Wanzhou, the daughter of Huawei's founder, at Vancouver's airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China's rise.
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
Karnataka set for reboot, but Covid rise a worry
The spike in Covid-19 positive cases over the last few days has become a cause for concern for Karnataka which is preparing to exit the lockdown and restart all economic activities.
Save On ends pandemic pay
The union representing workers at Save-On-Foods is asking the chain to extend the pandemic premium for employees.
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
City projects under budget
Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
Ryanair calls on State to end ‘ineffective’ quarantine for overseas travellers
O’Leary says Republic should follow other EU countries and lift restriction from July 1st
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Power of Attorney given to stock brokers: What’s changing from June 1, 2020?
In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of Attorney (PoA) issued by clients in favour of their stock broker, market regulator Securities and Exchange Board o
Tesla cuts car prices by up to $5,000
Its prices in China are also being reduced.
Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down
Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
'Gold Coast stuff': Fears over Treasury Square development
There are fears a $2 billion development at Treasury Square could overshadow Birrarung Marr after the state government sought to sell the land before finalising planning controls.
BREAKING John Lewis names the 13 stores that will reopen to the public in June
We'll be bringing you the very latest updates, pictures and video on this breaking news story.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
GE Stock Comeback Story is Delayed But Not Canceled
The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.
Japan PM vows to back corporate financing with second extra budget
TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...
UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases
The state has expedited infra projects to boost economy, create jobs in hinterland
GTA 6 release date is 2023 suggests analyst as Take-Two reveal marketing plans
Take-Two’s own financial predictions point to a massive increase in marketing in 2023 and everyone seems to think it’s for GTA 6.
The end of Europe's Chinese dream
Three developments have led the EU to abandon its goal of closer economic ties.
Ryanair to announce 'hundreds' of Irish redundancies this week
The CEO of Ryanair Michael O'Leary says the airline is to announce redundancies of Irish pilots a...
Coronavirus Update: India’s Covid-19 Tally Tops 1.5 Lakh With 6,387 New Cases; Here’s The Latest State-Wise Breakup
The total number of active cases in the country has also increased to 83,004.
Winter vegetable markets to reopen today with new timings
Winter vegetable markets will reopen today after three-day Eid Al Fitr break with new timings, offering a number of farm fresh local vegetables at competitive prices.
Dangote, Glo named most admired Nigerian brands in Africa
In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
Gold prices hit two-week low on optimism around reopening of economies
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
Strict rules Primark fans will need to follow when stores reopen
Primark stores will look very different with changes to how customers shop and browse items
Training sector held back by Federation, says IR reformist
The big criticism focuses on the link between training and award wages, established in 1990.
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.
It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.
Singrobo hydropower project to deliver electricity under a 35-year PPA
Power company Themis Group announced it has issued a Full Notice to Proceed with construction of the 44MW Singrobo Hydropower Project, in Ivory Coast.
GCEX to Use Koine Custody and Settlement Service
Koine, a provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GCEX.
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
Africa: Building resilient economies through regional integration
The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.
Stock markets mixed as China-US tensions return to fore
HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...
EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse
Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report
Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.
COVID-19: New cases drop to 15 today, new record low during MCO
After recording a staggering 187 new cases yesterday, the number of new COVID-19 cases have dropped to 15 today. This is the lowest daily figure in Malaysia since the movement control order was imposed on 18th March 2020. The total number of confirmed cases in Malaysia is now 7,619.
Gold trades with modest losses, holds above $1700 amid escalating US-China tensions
Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com
'Gold Coast stuff': Fears over Treasury Square development
There are fears a $2 billion development at Treasury Square could overshadow Birrarung Marr after the state government sought to sell the land before finalising planning controls.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Youth Online Businesses Face Closure as Govt Demands Fees
Deejays and those with online shops selling various goods including clothes, shoes and food items are affected by the pronouncements from...
Lockdown Barber Shops Ordered to Close by Trading Standards
A war led by the BBC on barber shops caught defying the lockdown to offer haircuts has ended, after the local trading standards department ordered the closing of around 20 rule-flouting hairdressers.
Tejas inducted into 18 Squadron by IAF, Air Chief Marshal RKS Bhadauria flies fighter
The first LCA-Tejas FOC standard aircraft also completed its contract flight test acceptance within 12 months of the standard of preparation release in February 2019.
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
Saudi public sector employees will return to work starting May 31
Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak.
India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report
Harvest Health: Licking Its Wounds
Focus on core markets. Cost-cutting and liquidity. Disappointing growth prospects.
Op-Ed: Challenges faced by early-stage clean energy companies
Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates
Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.
It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.
Ex-IEBC CEO James Oswago Dealt Blow in Ksh1.3B Tender Case
Former Independent Electoral and Boundaries Commission (IEBC) was dealt a blow in the Ksh. 1.3 billion tender case...
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Home collection offers salve as Covid poses testing times for diagnostics companies
It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
I want to be a security guard … what will my salary be?
The industry can be divided into two categories: those who need security and those who want it. Those who need it typically pay $15 per hour, while those who who want it pay between $17 - $23
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
Suspension rust problem forces Mitsubishi to recall vehicles
Mitsubishi is recalling nearly 223,000 vehicles in Canada and 22 cold-weather U.S. states because suspension parts can rust, detach and cause drivers to lose control.
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
Vancouver biotech firm AbCellera raises US$105-million as it focuses on COVID-19 research
It is the second financial boost this month for AbCellera, which has partnered with several of the world’s largest drug companies, as well as the U.S. Defense Advanced Research Project Agency
Twitter fact-checks Trump tweet for the first time
Twitter on Tuesday for the first time prompted readers to check the facts in tweets sent by U.S. President Donald Trump, warning that his claims ...
Hammerson boss quits weeks after group loses €449m deal
The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.
Over a third of Indian women don't own gold but want to buy it: WGC survey
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
GBP/USD: Focus on the strong resistance at 1.2360
GBP/USD Wednesday's four-hour chart is painting a bullish picture with clear resistance at 1.2360, as FXStreet’s analyst, Yohay Elam notes. UBS expect
Billion-dollar fines won’t change Big Tech
It’s time authorities everywhere clamped strict rules on Facebook, Google use of data
Flat owners hit the roof after problems at Ayr factoring firm leaves some residents out of pocket
The row has left one development claiming it is owed more than £20,000 in advance payments already made.
CBS Hit by Newest Round of ViacomCBS Layoffs
The cuts at the broadcast network come a month after similar actions at the company's cable properties.
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Floor trading resumes at Wall Street, with masks and plexiglas
Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.
1,500 scientists warn of third-level funding crisis
An open letter signed by 1,500 Irish scientists has warned of the funding crisis facing the country's third-level sector and called for the establishment of a government Department of Higher Education and Research, as a means of addressing it.
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher., Business Insider - Business Insider Singapore
Business Insider - It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.. Read more at businessinsider.sg
Volkswagen in final talks to seal top M&A deal in China EV sector: Report
The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan
First direct repatriation flight from Dubai to Goa to depart June 1
149 stranded Goans welcome the move, flight departs 4.35pm Monday
Workplace reforms are ‘worth it’, says ACTU boss Sally McManus
Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.