EU to propose €750bn Covid-19 recovery package

Ireland in line for grants of €1.9bn in scheme weighted by how badly economies have been hit

EU proposing €750bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

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

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...

EU proposing £670bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

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.

EU proposing £670bn recovery fund in response to coronavirus pandemic crisis

The EU Commission is proposing a 750 billion-euro recovery (£670bn) fund to help the bloc’s economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said. Mr Gentiloni, who is in charge of economic affairs at the EU’s executive body, confirmed the size of the fund in a tweet.

Anger as EU orders all nations to chip into ‘unprecedented’ €750bn coronavirus recovery fund for worst-hit countries

A CONTROVERSIAL €750bn bailout of European Union countries worst hit by the coronavirus is set to spark a furious clash. The “unprecedented” measures will help economies hammered by the…

EU launches €750bn stimulus package to kickstart economies devastated by Covid-19

It is described as the biggest ever stimulus package and will be comprised mainly of loans and grants for businesses.

Brussels wants €750bn borrowing power to fund virus recovery

European Commission president Ursula von der Leyen must win backing from reluctant capitals

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

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."

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.

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.

Pompeo Tells Congress Hong Kong is No Longer Autonomous From China

On 28 May, the National People's Congress of China is expected to vote on the bill that suggests banning "separatist, subversive and terrorist activities" along with...

Pompeo: “Hong Kong is No Longer Autonomous From China”

Loss of city-state's

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.

U.S. Says Hong Kong’s Autonomy Is Gone, Sowing China Trade Doubt

The move could have far-reaching consequences for global trade.

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.

Govt amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law

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

Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News

New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »

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.

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. 

PM CARES now eligible to receive contribution under CSR; govt amends Act

The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26

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...

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

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

Zipline’s drones are delivering medical supplies and PPE in North Carolina

Transporting almost four pounds of cargo at up to 80 mph.

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.

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.

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.

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 ...

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.

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.

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

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

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.

India wilts under heatwave as temperature hits 50 degrees Celsius

The hot spell is projected to scorch northern India for several more days, the Meteorological Department said late Tuesday, "with severe heat wave conditions in isolated pockets".

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 ...

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.

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.

India wilts as temperature hits 50 degrees Celsius

The hot spell is projected to scorch northern India for several more days, 'with severe heat wave conditions in isolated pockets'

India heatwave: Delhi temperature hits 47C as north India reels

Delhi saw temperatures hit 47C, the highest in decades for this time of year.

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.

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.

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.

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.

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.

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.

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

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.

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

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

Novavax aims to make one billion COVID-19 vaccine doses after buying plant

(Reuters) - Novavax Inc (NVAX.O) 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.

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.

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.

Stranded overseas, Chinese vent anger on aviation regulator

The Civil Aviation Administration of China (CAAC) has been flooded with tens of thousands of social media comments criticising it and the Chinese government for the small number of flight options to bring home the people stranded overseas.

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 ...

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

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

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

Celebrities who have recovered from the coronavirus, Business Insider - Business Insider Singapore

Business Insider - J.K. Rowling, Prince Charles, and Tom Hanks have all confirmed that they are in good health after reporting novel coronavirus symptoms.. Read more at businessinsider.sg

Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans, Business Insider - Business Insider Singapore

Business Insider - The notes suggested that those not native to the US leave the country immediately.. Read more at businessinsider.sg

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

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

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.

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.

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.

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.

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.

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.

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.

Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans

The notes suggested that those not native to the US leave the country immediately.

Police arrested a Bay Area woman who they say posted racist notes on the homes of Asian Americans

A 52-year-old woman in the San Francisco Bay Area was arrested on suspicion of a hate crime after police learned she was posting hateful handwritten messages on the homes of Asian-Americans, according to a statement from San Leandro Police Department.

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.

Celebrities who have recovered from the coronavirus

Many celebrities who reportedly tested positive for COVID-19 – or showed novel coronavirus symptoms without being tested – have since recovered.

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.

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.

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.

U.S. strips Hong Kong of special trading status

Hours before Beijing will hold a key vote on a controversial new security law on Hong Kong, Mr. Pompeo sent a notice to Congress that China was not living up to obligations from before it regained control of the territory from Britain in 1997.

U.S. considering suspension of Hong Kong's special tariff rates: sources

WASHINGTON (Reuters) - The Trump administration is considering suspending Hong Kong’s preferential tariff rates for exports to the United States as part of its response to China’s plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.

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.

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.

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

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

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.

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

Passenger on Alliance Air’s Delhi-Ludhiana flight tests positive for coronavirus

The flight was operated on May 25, when domestic flight services resumed after remaining grounded for two months due to the nationwide lockdown to prevent spreading of coronavirus infections.

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.

COVID-19 | Passenger on Alliance Air’s Delhi-Ludhiana flight tests positive

All passengers and the cabin crew have been quarantined

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.

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

Kent RO Apologises For Casteist Atta Maker Ad After Severe Backlash

Several Twitter users had reported the ad to the Advertising Standards Council of India.

Kent Apologises For Atta Maker Ad Slammed As "Classist", Offensive

Healthcare products company Kent RO Systems has issued an apology after a huge backlash over an advertisement that many criticised as "classist" on social media.

Kent RO withdraws ad, apologises for depicting helps as Covid-19 carriers

The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media

Kent RO takes down controversial ad, apologises for depicting maids in derogatory manner

The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media.

Extremely ridiculous: Kent RO's atta maker ad featuring Hema Malini called out for 'offensive' poster

WHO creates new foundation in a bid for more funds

It comes after the US threatened to pull funding from the global health body.

WHO creates new foundation in a bid for more funds

It comes after the US threatened to pull funding from the global health body.

WHO creates new foundation in a bid for more funds

It comes after the US threatened to pull funding from the global health body.

WHO Creates Foundation To Boost Funds In Fight Against COVID-19

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.

Bitcoiners Go Wild After Goldman Revives Tulip Mania Comparison

Goldman Sachs Group Inc. just forged a lot of new enemies -- in the crypto world.

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.

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.

'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'.

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.

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."

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.

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.

SpeakUp: Congress campaign to mount pressure on Modi govt to deposit Rs 10,000 in bank accounts of poor

SpeakUp Campaign: Congress is demanding from the Modi government to deposit Rs 10,000 in bank accounts of poor who are facing the brunt of the lockdown.

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.

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

Air France to cut 40% of domestic flights after bailout

French government has made any bailout contingent on profitability improvements

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, ...

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…

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.

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

Baba Ramdev takes bond street: Patanjali to raise Rs 250 cr in debentures; here’s how it will use the money

Baba Ramdev-led Patanjali Ayurveda is planning to raise Rs 250 crore by issuing debentures, in an attempt to meet its working capital requirement.

IndoStar Capital Finance raises Rs 1,225 crore

IndoStar has assets under management of around Rs 10,200 crore and has nearly 70,000 customers.

Brookfield invests ₹1,225 crore in IndoStar

NBFC to get access to debt financing

Leo Puri to take over as Chairman of JP Morgan

Kalpana Morparia to retire

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

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

NTPC eyes majority stake in ADAG’s Delhi power utilities

Power giant, the first PSU in the race for stake in two BSES firms

NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

NTPC to enter distribution space, eyes ADAG's two BSES discoms in Delhi

The ADAG has two discoms namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL)

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’

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’

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’

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

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.

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

Incredible cliff-top Jersey mansion with wine cave and infinity pool overlooking English Channel goes on sale for £18m

THIS incredible cliff top mansion with stunning ocean views has gone on sale on the Channel Island of Jersey for £18m. The seven bedroom paradise is built on granite cliffs and features a six-car g…

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.

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

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

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

Ires defends 40% fee hike for its chairman

Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019

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

Dubai government employees to start returning to work on Sunday

DUBAI: Half of Dubai’s government employees can return to their offices on Sunday, and the rest will be able to go back on June 14, the emirate’s government announced Wednesday. The return to work will, however, be made with “intensified precautionary measures,” to protect workers, Crown Prince Sheikh Hamdan bin Mohammed said. 

Dubai gov’t staff to fully return to office on 14 June

Dubai – Mubasher: Dubai issued a decision allowing 50% of government employees to return to work at offices starting from Sunday, 31 May, while taking all precautionary measures against coronavirus (COVID-19).  All employees will resume their work …

SC refuses pilot’s plea against allowing AI to fly non-schedule flights with middle seats occupied

The application sought modification of May 25 order on the ground that there has been spike in number of Covid-19 cases and even if a single flight operates with full occupancy then many other passengers and crew are likely to get infected.

SC refuses to modify order on allowing middle seat bookings on foreign flights evacuating Indians

SC refuses to modify order on allowing middle seat bookings on foreign flights evacuating Indians: The Supreme Court on Wednesday refused to modify its earlier order allowing Air India to operate non-scheduled flights to bring back Indians stranded abroad with middle seats booking for the next 10 days.. Get all latest entertainment & viral stories on english.lokmat.com

445 domestic flights carrying 62,641 passengers operated on Tuesday: Aviation Minister

A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday

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.

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.

NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

This assumes significance because NTPC is primarily power generation company.

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)".

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.

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...

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

Locusts swarm UP and Maharashtra; Govt steps up control operations, drones to be deployed soon

About 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now, the ministry said in a statement. It has been controlled in 47,308 hectare areas so far in Rajasthan, Gujarat, Punjab and Madhya Pradesh, it 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.

Locust Menace: UP, Maharashtra, Punjab on High Alert; Centre Steps up Efforts; Drones to be Deployed Soon

As per updates, about 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now.

Kate Spade Sale: New Season, New Deals on Shoes

Kate Spade New York continues to offer big discounts with two different sale events.

Sensex rallies 996 points ahead of F&O expiry; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60 duri

Sensex rallies 996 pts ahead of F&O expiry at closing; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60

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"...

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

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

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.

Pune: Three employees of Serum institute test positive for Covid-19

H K Sale, executive director at Noble Hospital, said 27 high-risk contacts of the three persons have been traced. They have been quarantined and their swabs will be sent for further tests.

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...

In Spain, food aid queues grow as poverty outpaces 2008 crisis

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. 

Nevada gig workers unable to have unemployment claims reviewed until Monday

The Alorica call center tasked with helping gig workers file for unemployment insurance benefits is still open for business, but filers will not be able to connect with an adjudicator until Monday.

Updating: Which Las Vegas casinos, restaurants will reopen and when

More than two months into a state-mandated shutdown, some Las Vegas casinos and restaurants are planning to reopen their doors to the public June 4.

Nevada call center for gig worker unemployment claims down until June 1

The Alorica call center tasked with helping independent contractors and self-employed workers with filing for unemployment insurance benefits appears to have temporarily stopped taking calls.

Under Armour Anticipates Bumpy Road Ahead

Ceo Patrik Frisk told shareholders the company doesn't anticipate a quick turnaround.

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 ...

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 ...

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 ...

Ryanair CEO reports surge in holiday bookings, sees UK dropping quarantine

Ryanair expects Britain to join other European countries in dropping COVID-19 quarantine plans in the coming weeks, chief executive Michael ...

Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

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

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

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

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'

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 ...

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

mCloud Technologies Corp. (MCLDF) CEO Russ McMeekin on Q4 2019 and Q1 2020 Results - Earnings Call Transcript

mCloud Technologies Corp. (OTCQB:MCLDF) Q4 2019 and Q1 2020 Results Conference Call May 26, 2020 05:30 PM ET Company Participants Russ McMeekin - Chief Executiv

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

StoneCo Ltd. (STNE) CEO Thiago Piau on Q1 2020 Results - Earnings Call Transcript

StoneCo Ltd. (NASDAQ:STNE) Q1 2020 Earnings Conference Call May 26, 2020 17:00 ET Company Participants Rafael Martins - Investor Relations Thiago Piau - Chief E

The Relationship Between Short-Term And Mid-Term Volatility

Short and mid-term volatility mostly move in the same direction but with different dynamics. Short-term volatility ETPs suffer from larger price erosion than mi

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.

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

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

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

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

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

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

Lockheed Martin Corporation (LMT) CEO Marillyn Hewson Presents at Bernstein's Annual Strategic Decisions Conference (Transcript)

Lockheed Martin Corporation (NYSE:LMT) Bernstein's Annual Strategic Decisions Conference May 27, 2020 10:00 a.m. ET Company Participants Marillyn Hewson - Chair

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

Cisco Systems, Inc. (CSCO) Presents at Cowen and Company 48th Annual Technology, Media & Telecom Conference (Transcript)

Cisco Systems, Inc. (NASDAQ:CSCO) Cowen and Company 48th Annual Technology, Media & Telecom Conference May 27, 2020 08:30 AM ET Company Participants Jonatha

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

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.

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.

Progression Of Trans-Tasman Bubble Offers Lifeline To Tourism Industry

New Zealand must move quickly to make the most of Australians’ enthusiasm for trans-Tasman travel, says Tourism Industry Aotearoa.

A Draft Timeline For The Trans-Tasman Bubble Pins July 1 As The Date Aussies Could Start Travelling To NZ

Pack your jandals!

Not yet, but “not too long” till we’re ready for a trans-Tasman bubble, says PM

Report from RNZ A group of government and business representatives will early next month deliver a blueprint on how a trans-Tasman bubble could work.

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.

Sagnik Ghosh joins Liqvd Asia as managing partner

Ghosh will help build the communication across verticals like media planning and buying, performance marketing, brand strategy

SBI Home, Personal Loan EMI moratorium extended by three months! Bank notifies customers

SBI today said in a statement that it has also proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions

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’.

IALPA pushing Dublin-based CityJet to retain its 57 pilots as they face redundancy

The Irish Airline Pilots’ Association (IALPA) is pushing Dublin-based CityJet to retain its 57 pilots here as they face redundancy.

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.

Lockdown presents mixed fortunes for Prakasam farmers

Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times

Amalgamations’ auto parts unit to cut pay

May trim headcount also

FCI transports huge amount of grains by rail

The Food Corporation of India (FCI) has transported 3.42 lakh metric tonnes of food grains by train to West Bengal, Kerala, Tamil Nadu and Karnata during the lockdown, said FCI AGM (General) B. Ranga

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 8 lakh Tirumala laddus sold in three days

Anantapur and Kadapa districts top the list in sale figures

Don’t let differences shade ties, says China’s Ambassador Sun Weidong

India and China have kept up “close communication and cooperation” since the COVID-19 outbreak, said China’s Ambassador to India Sun Weidong, adding that he was “impressed” by India’s handling of the

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

European Union unveils €750 billion economy rescue plan

Bloc will borrow funds from the market and disburse them in loans and grants.

Hospitality sector in the Nilgiris may see 70% slide in revenue

Lockdown coincided with peak season for tourism

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,

FCI lauds Telangana’s paddy procurement for Central pool

Telangana contributed 52.23 lakh tonnes of the 83.01 lakh tonnes procured at the national level

Survey underlines job loss, drop in earnings during lockdown

It reveals that 73% of around 870 respondents in State have lost their jobs

FlyDubai delays cargo flight plans

‘Kongu region has a variety of sectors with cargo potential’

Foodgrains procurement centres to close by May 31

CM tells Agriculture dept. to focus on crop season from June

Discom reduces T&D losses to 6.64%, says CMD

‘Steps have been taken to solve problems of consumers’

Profit of Tube Investments at ₹74 crore

Tube Investments of India Ltd. (TIIL) has posted a standalone net profit after tax of ₹74 crore for the fourth quarter ended March 2020, including an exceptional item of ₹22 crore.TII had recorded a n

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.

Punjab to go for additional borrowing amid corona crisis

Punjab to go for additional borrowing amid corona crisis: With Punjab staring at 30 per cent shortfall in revenue receipts in the 2020-21 fiscal, the Council of Ministers .... Get all latest entertainment & viral stories on english.lokmat.com

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.

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

I vacuum and mop my hard surface floors with this one easy-to-use device — here's how it works, Business Insider - Business Insider Singapore

Business Insider - The Shark VacMop Pro is cordless, lightweight, and works as a broom, vacuum, and mop all in one for around $100.. Read more at businessinsider.sg

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

Watch this impressive Lego tapas factory crank out a steady stream of snacks

The Lego masters at The Brick Wall built this fantastic contraption to crank out tapas. Technical details: 19 Lego PF motors 5 BuWizz Bricks 4 weeks of hard work

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

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.

Easing of restrictions may be brought forward if Covid-19 figures remain low, says Taoiseach

He asked people to “hold firm” until the first week of June.

'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

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 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.

GBP/JPY Price Analysis: Pound weakens vs. Japanse yen, nearing the 132.00 figure

After breaking to its highest since the 11th of May 2020, GBP/JPY is retracing down breaking below the 132.25 support level. The spot is trading below the 200

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

EUR/GBP Price Analysis: Euro parked below the 0.9000 figure vs. Pound

EUR/GBP almost refreshed the monthly tops while holding above the main SMAs. The bullish bias is intact with the bulls looking for a daily close above the 0.9

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

USD/CNH hits record highs, US determines Hong Kong no longer autonomous

The USD/CNH (Chinese offshore yuan) rose to an all-time high on Thursday at 7.1965 and then pulled back modestly. The move higher takes place amid inc

EUR/USD erases daily gains, turns flat near 1.0980

The EUR/USD pair built on Tuesday's rally and climbed to its highest level since early April at 1.1030 on Wednesday. However, the pair struggled to pr

Fed's Bullard: Fed programs will be wound down after crisis

"100% salary replacement for unemployment insurance is not appropriate as economy reopens," St. Louis Federal Reserve President James Bullard said on

EUR/JPY Price Analysis: Euro pops and retraces vs. Japanese yen, trades near 118.30 level

EUR/JPY is retracing from the May’s highs while trading above its main SMAs on the four-hour chart. However, the spot seems to be struggling to overcome the 1

YLW takes dramatic hit

Kelowna International Airport hasn't seen passenger numbers this low in decades.

The ‘Amazon’ of artisan food: Online markets link local producers and shoppers

Artisan food producers are selling their goods at virtual marketplaces.

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%.

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.

Over-Leveraged Zombie Companies Threaten Economic Recovery

Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt

Despite extended nursing home admissions, hip fracture rates remain persistently high

A recent study of hip fracture rates in nursing homes in the U.S. reports a slight rise in the rate of hip fractures among long-stay residents in recent years.

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

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.

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.

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.

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.

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

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.

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

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.

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

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

GRAINS-U.S. soybeans firm after rain slows Midwest planting progress

* Wet weather in U.S. Midwest slows corn, soybean planting pace* Positive COVID-19 case at Brazil port supports soybeans* Wheat range-bound as northern Hemisphere weather watched (Rewrites throughout with U.S. market open, adds quote, updates prices, changes byline, changes dateline from PARIS/SINGAPORE)By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more rain lifted prices to two-week highs, although technical selling kept a lid on gains.

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.

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.

World Bank: Belarus’ Economy Can Face a Severe Shock

As a small, open, commodity-exporting economy, Belarus is heavily exposed to shocks caused by deep contractions in its main trading partners, the collapse of oil prices, and global financial volatility related to the COVID-19 pandemic, says the World Bank’s latest Economic Update for Belarus, released today. Belarus’ economy is anticipated to contract by at least […]

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

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.

Delhi's peak power demand clocks seasons' highest of 5,464 MW

Delhi's peak power demand clocks seasons' highest of 5,464 MW: With the ongoing heat wave and the temperature soaring every passing day, peak power demand in the capital touched .... Get all latest entertainment & viral stories on english.lokmat.com

Kuwait’s crude oil rises $2.14 pb on Tuesday - KPC

Mubasher: The price of Kuwait’s crude oil reached $28.61 per barrel (pb) on Tuesday, 26 May, up by $ 2.14, compared to $26.47 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). The global oil market …

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.