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 […]

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 […]

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 […]

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 […]

Pinterest (NYSE:PINS) CFO Todd R. Morgenfeld Sells 36,233 Shares

Pinterest (NYSE:PINS) CFO Todd R. Morgenfeld sold 36,233 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.59, for a total transaction of $673,571.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. PINS […]

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 […]

Ares Management Corp (NYSE:ARES) Insider Sells $1,861,277.25 in Stock

Ares Management Corp (NYSE:ARES) insider David B. Kaplan sold 50,647 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.75, for a total transaction of $1,861,277.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which […]

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 […]

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman Sells 2,635 Shares of Stock

Yelp Inc (NYSE:YELP) COO Joseph R. Nachman sold 2,635 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.81, for a total transaction of $54,834.35. Following the sale, the chief operating officer now directly owns 146,890 shares of the company’s stock, valued […]

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 […]

ETRADE Capital Management LLC Increases Stake in Proto Labs Inc (NYSE:PRLB)

ETRADE Capital Management LLC grew its position in Proto Labs Inc (NYSE:PRLB) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,066 shares of the industrial products company’s stock after acquiring an additional 686 shares during the quarter. ETRADE Capital […]

Aigen Investment Management LP Grows Stake in Steelcase Inc. (NYSE:SCS)

Aigen Investment Management LP increased its stake in Steelcase Inc. (NYSE:SCS) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,831 shares of the business services provider’s stock after acquiring an additional 2,639 shares during the period. […]

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% […]

First Trust Advisors LP Trims Stake in Westlake Chemical Co. (NYSE:WLK)

First Trust Advisors LP trimmed its holdings in shares of Westlake Chemical Co. (NYSE:WLK) by 29.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,430 shares of the specialty chemicals company’s stock after selling 34,448 shares during the quarter. First […]

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 […]

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 […]

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 […]

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 […]

PNC Financial Services Group Inc. Has $1.75 Million Position in UGI Corp (NYSE:UGI)

PNC Financial Services Group Inc. lessened its stake in UGI Corp (NYSE:UGI) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,435 shares of the utilities provider’s stock after selling 7,588 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UGI […]

Johnson & Johnson (NYSE:JNJ) Stake Raised by Fiera Capital Corp

Fiera Capital Corp grew its position in Johnson & Johnson (NYSE:JNJ) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,931,498 shares of the company’s stock after acquiring an additional 580,576 shares during the quarter. Johnson & Johnson comprises about […]

Johnson & Johnson (NYSE:JNJ) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in shares of Johnson & Johnson (NYSE:JNJ) by 21.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,147,766 shares of the company’s stock after purchasing an additional 2,003,900 shares during the period. […]

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 […]

Swiss National Bank Grows Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Swiss National Bank lifted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,831 shares of the aerospace company’s stock after buying an additional 75,600 shares during the period. Swiss […]

Bank of The West Decreases Stake in Johnson & Johnson (NYSE:JNJ)

Bank of The West reduced its stake in shares of Johnson & Johnson (NYSE:JNJ) by 5.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,577 shares of the company’s stock after selling 867 shares during the period. Bank of The West’s holdings in Johnson […]

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% […]

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 […]

PNC Financial Services Group Inc. Decreases Stock Holdings in Best Buy Co Inc (NYSE:BBY)

PNC Financial Services Group Inc. trimmed its stake in shares of Best Buy Co Inc (NYSE:BBY) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,823 shares of the technology retailer’s stock after selling 2,035 shares during the period. PNC Financial Services Group […]

Oppenheimer Asset Management Inc. Buys Shares of 6,823 Cimpress NV (NASDAQ:CMPR)

Oppenheimer Asset Management Inc. bought a new stake in shares of Cimpress NV (NASDAQ:CMPR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,823 shares of the business services provider’s stock, valued at approximately $363,000. Several other institutional investors have also modified their holdings of […]

PNC Financial Services Group Inc. Raises Stake in DENTSPLY SIRONA Inc (NASDAQ:XRAY)

PNC Financial Services Group Inc. boosted its position in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 36.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,949 shares of the medical instruments supplier’s stock after buying an additional 12,660 shares […]

Hawaiian Electric Industries, Inc. (NYSE:HE) Holdings Boosted by Swiss National Bank

Swiss National Bank boosted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,300 shares of the utilities provider’s stock after acquiring an additional 2,600 shares during the period. Swiss National Bank owned […]

PNC Financial Services Group Inc. Increases Holdings in Verisign, Inc. (NASDAQ:VRSN)

PNC Financial Services Group Inc. lifted its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,095 shares of the information services provider’s stock after acquiring an additional 906 shares during the quarter. PNC […]

PNC Financial Services Group Inc. Raises Stake in Rio Tinto plc ADR (NYSE:RIO)

PNC Financial Services Group Inc. lifted its position in shares of Rio Tinto plc ADR (NYSE:RIO) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 45,286 shares of the mining company’s stock after purchasing an additional 3,938 shares during the quarter. PNC Financial Services Group […]

Oppenheimer Asset Management Inc. Raises Position in Amdocs Limited (NASDAQ:DOX)

Oppenheimer Asset Management Inc. boosted its stake in Amdocs Limited (NASDAQ:DOX) by 40.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,343 shares of the technology company’s stock after buying an additional 2,680 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings […]

Quilter Plc Decreases Stock Holdings in Johnson & Johnson (NYSE:JNJ)

Quilter Plc decreased its position in shares of Johnson & Johnson (NYSE:JNJ) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,207 shares of the company’s stock after selling 269 shares during the period. Johnson & Johnson makes up about 1.2% […]

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 […]

SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,050 shares of the software maker’s stock after selling 927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings […]

PNC Financial Services Group Inc. Cuts Stake in Anheuser Busch Inbev NV (NYSE:BUD)

PNC Financial Services Group Inc. decreased its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,091 shares of the consumer goods maker’s stock after selling 4,614 shares during the quarter. […]

Johnson & Johnson (NYSE:JNJ) Shares Purchased by Hilton Capital Management LLC

Hilton Capital Management LLC increased its position in shares of Johnson & Johnson (NYSE:JNJ) by 907.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,620 shares of the company’s stock after acquiring an additional 68,116 shares during the quarter. Johnson […]

ETRADE Capital Management LLC Sells 8,844 Shares of Koninklijke Philips NV (NYSE:PHG)

ETRADE Capital Management LLC lowered its position in shares of Koninklijke Philips NV (NYSE:PHG) by 54.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,426 shares of the technology company’s stock after selling 8,844 shares during the period. ETRADE […]

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% […]

Johnson & Johnson (NYSE:JNJ) Shares Sold by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC trimmed its stake in Johnson & Johnson (NYSE:JNJ) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,868 shares of the company’s stock after selling 365 shares during the quarter. Johnson & Johnson makes up 1.6% of Biondo Investment […]

iShares Europe ETF (NYSEARCA:IEV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of iShares Europe ETF (NYSEARCA:IEV) by 41.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,795 shares of the company’s stock after selling 36,838 shares during the quarter. PNC Financial Services […]

Capital Advantage Inc. Has $958,000 Stake in Johnson & Johnson (NYSE:JNJ)

Capital Advantage Inc. boosted its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,305 shares of the company’s stock after buying an additional 138 shares during the quarter. Capital Advantage Inc.’s holdings in […]

Spectrum Management Group LLC Sells 1,374 Shares of Johnson & Johnson (NYSE:JNJ)

Spectrum Management Group LLC lessened its stake in shares of Johnson & Johnson (NYSE:JNJ) by 87.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196 shares of the company’s stock after selling 1,374 shares during the quarter. Spectrum Management Group LLC’s holdings […]

Cetera Advisor Networks LLC Sells 226 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Cetera Advisor Networks LLC reduced its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,757 shares of the technology infrastructure company’s stock after selling 226 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Akamai Technologies were worth $252,000 as of its most recent […]

Armbruster Capital Management Inc. Sells 325 Shares of Johnson & Johnson (NYSE:JNJ)

Armbruster Capital Management Inc. reduced its stake in shares of Johnson & Johnson (NYSE:JNJ) by 9.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,265 shares of the company’s stock after selling 325 shares during the period. Armbruster Capital Management Inc.’s holdings in Johnson […]

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 […]

Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,409 Shares of Ares Management Corp (NYSE:ARES)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ares Management Corp (NYSE:ARES) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,109 shares of the asset manager’s stock after buying an additional 1,409 shares during the quarter. Zurcher Kantonalbank […]

Security National Bank of SO Dak Trims Holdings in Johnson & Johnson (NYSE:JNJ)

Security National Bank of SO Dak lowered its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 7.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,402 shares of the company’s stock after selling 1,006 shares during the quarter. Johnson & Johnson accounts for about 2.3% of Security National Bank of SO Dak’s […]

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 […]

Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Acquired by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 2,658 shares of the technology infrastructure company’s stock after acquiring an additional 211 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Akamai Technologies were worth […]

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 […]

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 […]

PNC Financial Services Group Inc. Buys 18,570 Shares of iShares Silver Trust (NYSEARCA:SLV)

PNC Financial Services Group Inc. grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,308 shares of the exchange traded fund’s stock after acquiring an additional 18,570 shares during the quarter. […]

Lighthouse Financial Advisors Inc. Buys 2,850 Shares of Johnson & Johnson (NYSE:JNJ)

Lighthouse Financial Advisors Inc. grew its stake in shares of Johnson & Johnson (NYSE:JNJ) by 16.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 2,850 shares during the period. Johnson & Johnson makes […]

Johnson & Johnson (NYSE:JNJ) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA decreased its position in shares of Johnson & Johnson (NYSE:JNJ) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,628 shares of the company’s stock after selling 270 shares during the period. […]

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 […]

PNC Financial Services Group Inc. Boosts Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

PNC Financial Services Group Inc. increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,951 shares of the industrial products company’s stock after purchasing an additional 2,610 shares during […]

Johnson & Johnson (NYSE:JNJ) Holdings Lifted by Partnervest Advisory Services LLC

Partnervest Advisory Services LLC increased its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 12.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,776 shares of the company’s stock after purchasing an additional 725 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Johnson & Johnson were worth $889,000 as of […]

PNC Financial Services Group Inc. Purchases 4,239 Shares of Science Applications International Corp (NYSE:SAIC)

PNC Financial Services Group Inc. lifted its stake in shares of Science Applications International Corp (NYSE:SAIC) by 22.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,776 shares of the information technology services provider’s stock after acquiring an additional 4,239 shares during the period. […]

Nations Financial Group Inc. IA ADV Has $1 Million Stake in Johnson & Johnson (NYSE:JNJ)

Nations Financial Group Inc. IA ADV lessened its stake in Johnson & Johnson (NYSE:JNJ) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,655 shares of the company’s stock after selling 135 shares during the period. Nations Financial Group Inc. IA […]

1,927 Shares in Liberty Broadband Corp Series C (NASDAQ:LBRDK) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Liberty Broadband Corp Series C (NASDAQ:LBRDK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,927 shares of the company’s stock, valued at approximately $213,000. Several other institutional investors also recently […]

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,393 shares of the company’s stock after selling 11,224 shares during the quarter. […]

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 44.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,919 shares of the company’s stock after selling 2,346 shares during the period. Oppenheimer & Co. Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $346,000 as of its most recent SEC […]

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 […]

ETRADE Capital Management LLC Reduces Stock Holdings in Floor & Decor Holdings Inc (NYSE:FND)

ETRADE Capital Management LLC reduced its stake in shares of Floor & Decor Holdings Inc (NYSE:FND) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,705 shares of the company’s stock after selling 4,017 shares during the quarter. ETRADE Capital Management LLC’s […]

PNC Financial Services Group Inc. Has $2.22 Million Stock Position in iShares MSCI Eurozone ETF (BATS:EZU)

PNC Financial Services Group Inc. decreased its stake in iShares MSCI Eurozone ETF (BATS:EZU) by 21.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,893 shares of the company’s stock after selling 19,604 shares during the quarter. PNC Financial Services Group Inc.’s holdings in […]

Johnson & Johnson (NYSE:JNJ) is Moloney Securities Asset Management LLC’s 3rd Largest Position

Moloney Securities Asset Management LLC grew its position in shares of Johnson & Johnson (NYSE:JNJ) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,097 shares of the company’s stock after purchasing an additional 8,210 shares during the […]

Citizens & Northern Corp Has $2.14 Million Stake in Johnson & Johnson (NYSE:JNJ)

Citizens & Northern Corp increased its holdings in Johnson & Johnson (NYSE:JNJ) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,282 shares of the company’s stock after buying an additional 921 shares during the period. Johnson […]

Europe Proposes $823 Billion Pandemic Aid Package

To bring a divided and battered continent together, the chief executive of the European Union on Wednesday laid out an ambitious $823 billion plan to help Europe recover from the coronavirus pandemic and move toward a greener and more technologically advanced future.

EU Commission proposes €750bn recovery fund

The EU Commission will propose on Wednesday a €750bn recovery package, economics commissioner Paolo Gentiloni said in a tweet, calling it a "turning point" in the Covid-19 crisis. It comes on top of the one-trillion euro EU budget and the €540bn already a...

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.

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.

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

Battle ahead for EU’s massive virus recovery plan

Brussels, Belgium | AFP | European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it. The global coronavirus outbreak has already thrust the EU into its deepest ever recession, and Von der Leyen’s proposal would help the worst affected countries. But …

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

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

European Union unveils €750 billion economy rescue plan

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

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

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

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.

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.

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.

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?

What is in the EU’s €750bn recovery plan and how will it affect Ireland?

Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?

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 ...

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.

Tony Holohan advises ministers over 2m advice and the EU's €750 billion fund: Today's Covid-19 main points

Here’s what’s making headlines in relation to Covid-19 both here and abroad.

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

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.

Global stocks mixed on unease over Hong Kong security law

Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.

Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

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.

Asian shares slip as new Hong Kong tensions rise

Nikkei down 0.2%, ex-Japan Asian loses 0.3%.

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 ...

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...

China traders buying Hong Kong stocks like never before

History shows mainland buying tends to pick up when Hong Kong shares drop.

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. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s status as a global financial center. The…

Global stocks shake off concern over US-China tensions

Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong

Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

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.

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 ...

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.

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.

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

How China’s tensions could be good for Hong Kong’s stock exchange

Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.

Bitcoin Bull Case Swells as White House Mulls China Sanctions Over Hong Kong

One of the biggest narratives in the Bitcoin market in 2019 was, tensions between China and the U.S. were pushing the cryptocurrency higher. As tensions

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.

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

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, ...

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.

Pompeo: China in the past year 'has shed any pretense' that people of Hong Kong enjoy high degree of autonomy – Reuters

Reuters reports that the US State Sec. Pompeo says China in the past year 'has shed any pretense' that people of hong kong enjoy high degree of autono

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

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.

Japan outlines fresh stimulus package for virus-hit economy

'With this world's biggest package equivalent to 40% of our GDP, we'll protect the Japanese economy through this once-in-a-century crisis,' says Prime Minister Shinzo Abe

Japan outlines fresh stimulus package for virus-hit economy

Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus pandemic tipped the ...

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

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.

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.

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.

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...

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.

Japan doubles down on stimulus with extra $1 trillion in aid

Package includes financing for companies, rent subsidies and healthcare assistance

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

Japan's new stimulus package to be worth ¥117.1 tril

Japan will compile a new 117.1 trillion yen ($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. The stimulus, which will be funded partly by a second extra…

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.

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

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.

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.

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.

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

Virus sparks record drop in energy investment – IEA

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

COVID-19 crisis causing biggest fall in global energy investments

Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new report released today. The unparalleled …

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.

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.

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

Global energy spending to fall $400bn due to coronavirus crisis

IEA says investments in low-carbon technologies falling far short of climate goals

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…

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 ...

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

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

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

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...

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.

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

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 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

Akinwunmi Adesina hits back over graft accusations

The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working.

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

African Development Bank chief hits back over graft accusations

Abidjan, Ivory Coast | AFP | The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed “unprecedented attempts by some to tarnish my reputation” and declared “I will… continue to work with each and every one of …

African Development Bank chief hits back over graft accusations

The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts by some to tarnish my reputation" and declared "I will... continue to

I'm innocent of allegations against me, says AfDB Chief Adesina

President of the African Development Bank (AfDB), Akinwumi Adesina has denied allegations of “breaches of the Code of Conduct of Elected...

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...

Adesina hits back over graft accusations, vows to continue working

The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption.

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.

AfDB:I maintain my innocence on allegations – Adesina

Adesina said this in a statement he personally signed and issued on Wednesday.

AfDB Allegations: Adesina insists on innocence, demands justice

The President of the African Development Bank (AfDB), Akinwumi Adesina, has maintained that he is innocent of all allegations of fraud leveled against him.

African Development Bank President, Adesina, Maintains Innocence Despite Calls For Probe

The United States Department of Treasury had called for an independent of the allegations against Adesina despite the AfDB clearing him of all wrongdoing.

AFDB crisis: Adesina maintains innocence over allegations of nepotism

PRESIDENT of the African Development Bank (AFDB) Akinwunmi Adesina has maintained his innocence with regards to the various allegations against him. In a statement personally signed by Adesina, he expressed confidence in the integrity of the bank, its governance systems as well as its rules and procedure. Recall that Adesina was recently accused by a […]

AfDB: Adesina denies corruption claims, says ‘I’m innocent’

Sodiq Oyeleke President of African Development Bank, Dr Akinwumi Adesina, has denied an allegation of corruption against him. In a statement he personally signed and issued on Wednesday, Ades...

‘I’m innocent of trumped-up allegations’ — Akinwunmi Adesina breaks silence

Akinwumi Adesina, AfDB president, says he is innocent and will not allow allegations levelled against him bring his honour and integrity to question.

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

Sensex rises 1,000 points as banking stocks shine

Axis Bank leads pack with 13.46% gain

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

(Representative image) NEW DELHI: Equity indices finished higher on Wednesday with the benchmark BSE sensex rising nearly 1,000 points led … Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300 Read More »

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

India Business News: Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The

Sensex ends 995 points higher on short covering, banking stocks outperform

Earlier indices turned volatile amid weakness in SGX Nifty and lost morning gains. However, bourses climbed in the last hour of session on Wednesday, amid buoyancy in overseas markets and heavy buying in banking and financials.

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).

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

Market Update: Sensex surrenders opening gains, drops over 60 points

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.

Sensex up 183 points, banking stocks rally | Markets News

New Delhi: Markets opened on a positive note led by rally in banking stocks. The BSE Sensex was trading 183.81 … Sensex up 183 points, banking stocks rally | Markets News Read More »

Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

NSE Nifty fell 13.70 points.

Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

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.

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

S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19

Domestic stock markets soared more than 3 per cent on Wednesday backed by strong buying interest in banking stocks. The S&P … S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19 Read More »

Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

Amazon in Talks to Buy Autonomous Vehicle Startup Zoox

Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

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.

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 ...

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 autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.

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.

Amazon may buy robo-taxi startup Zoox: WSJ

Amazon and Zoox are in advanced negotiations of a deal that would value the startup at less than the US$3.2 billion it was estimated to be worth in a funding round two years ago.

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.

Amazon Eyes Zoox Acquisition For Autonomous Cars

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant's reach in autonomous vehicle technology.

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 ...

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.

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

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.

Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion

Zoox hinted it's had interest from multiple buyers.

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

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.

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 ...

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 ...

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.

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

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

SpaceX launch postponed due to bad weather

Just minutes away from take off, and SpaceX has had to call of its historic launch. Billionaire entrepreneur Elon Musk’s company was set to become the first private company to launch astronauts into…

Weather postpones SpaceX's first astronaut launch from Florida

By Joey Roulette CAPE CANAVERAL, Fla. (Reuters) - SpaceX, billionaire entrepreneur Elon Musk's private rocket company, was forced by foul weather to scrub a planned launch on Wednesday of two Americans into orbit from Florida, a mission that would be the first spaceflight of NASA astronauts from U.S. soil in nine years.

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 ...

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

Weather delays SpaceX’s first astronaut launch from Florida

CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was forced by foul weather to scrub a planned launch on Wednesday of two Americans into orbit from Florida, a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

SpaceX Dragon DM-2 Launch Scrubbed – Next Attempt On May 30

Following poor weather conditions, SpaceX and NASA aborted the Dragon DM-2 mission today, with next attempt set for May 30, 2020.

NASA set to resume human spaceflight from US soil after nine years 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 a mission that would mark the first spaceflight of

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 ...

Back in Business: NASA Is Set to Return to Human Spaceflight with Historic SpaceX Launch

Two astronauts will ride a privately built rocket and spacecraft to orbit, marking the first launch of humans from U.S. soil in nearly a decade

Nasa SpaceX launch - as it happened: Historic liftoff cancelled moments before takeoff over weather

Nasa has postponed its first launch of astronauts from US soil in nine years due to bad weather, just minutes before lift-off.Robert Behnken and Douglas Hurley were due to travel to the International Space Station (ISS) on a rocket and capsule system built by billionaire entrepreneur Elon Musk's

Of course billionaires like Elon Musk love outer space. The Earth is too small for their egos

This week, Musk’s SpaceX will launch the first US astronauts into space in nine years. We’re meant to be inspired, but back on the ground the workers are struggling

The 2 astronauts flying SpaceX's new Crew Dragon spaceship explain what it's like to operate it, Business Insider - Business Insider Singapore

Business Insider - The SpaceX Crew Dragon spacecraft is set to blast off from Cape Canaveral, Florida, on Wednesday at 4:33 p.m.. Read more at businessinsider.sg

SpaceX's launch of NASA astronauts was scrubbed and rescheduled for Saturday due to poor weather, just 17 minutes before liftoff, Business Insider - Business Insider Singapore

Business Insider - Stormy weather can endanger the Crew Dragon spacecraft and the astronauts onboard. Forecasts previously showed a 50% chance of unsafe conditions.. Read more at businessinsider.sg

Elon Musk told NASA astronauts' kids ahead of the SpaceX launch, 'We've done everything we can to make sure your dads come back OK', Business Insider - Business Insider Singapore

Business Insider - NASA has estimated a 1-in-276 chance that the astronauts on the SpaceX rocket could die during the company's first crewed mission.. Read more at businessinsider.sg

'If it goes wrong, it's my fault': Elon Musk is feeling nervous hours before SpaceX's historic mission to launch its first astronauts into space, Business Insider - Business Insider Singapore

Business Insider - "I'm the chief engineer, so I'd just like to say that if it goes right, it's a credit to the SpaceX-NASA team. If it goes wrong, it's my fault.". Read more at businessinsider.sg

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

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.

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.

Renault and Nissan rule out merger as they unveil survival plan

PARIS/TOKYO (Reuters) - Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.

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.

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 ...

Renault and Nissan rule out merger as they unveil survival plan

Companies to cooperate more closely on car production to save costs

Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis

On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported

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 ...

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 ...

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

Lufthansa board rejects EU conditions on $10 billion bailout

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) - Lufthansa's $10 billion government bailout was thrown into doubt on Wednesday after the German airline's supervisory board refused to accept the conditions attached by Brussels. The board, which had been expected to sign off on the aid, instead refused EU requirements that Lufthansa permanently give up take-off and landing slots at Frankfurt and Munich airports, where it commands a two-thirds market share. The bailout plan nevertheless remains

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 ...

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.

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.

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.

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.

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 ...

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...

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

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 ...

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...

Wall Street gains with economic hopes; bank stocks jump

By Caroline Valetkevitch (Reuters) - U.S.

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 ...

Wall Street gains amid economic hopes; tech shares decline

By Caroline Valetkevitch (Reuters) - The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries of simmering U.S.-China tensions. Declines in technology shares limited the advance, with the Nasdaq underperforming the other major indexes. The S&P 500 financial index provided the biggest boost to the benchmark index, sending it past the psychologically key 3,000 level in intraday trading for a second day in a row.

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

Ackman dumps stake in Buffett’s Berkshire Hathaway

Hedge fund manager says he can be ‘more nimble’ than his mentor’s conglomerate

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 ...

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.

Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

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

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.

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

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-19 recovery package

Ireland in line for grants of €1.9bn in scheme 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 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.

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.

World economic prospects darken, rebound delayed: Poll

With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally

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

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 ...

World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

Tuesday Morning Seeks Chapter 11 Bankruptcy Protection

Retailer Tuesday Morning has filed voluntary petitions for Chapter 11 in the United States Bankruptcy Court to pursue "financial and operational reorganization."

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Tuesday Morning closing 230 stores, files bankruptcy

DALLAS, TX - Off-price retailer Tuesday Morning filed for Chapter 11 bankruptcy protection Wednesday with plans to close more than a third of its stores. Tuesday Morning had been struggling when the coronavirus pandemic began and went into a free fall when it was forced to temporarily close its locations due to the crisis. The company joins a growing list of retailers that have tumbled into Chapter 11 bankruptcy during the pandemic, including J.C. Penney, Neiman Marcus and J. Crew. In each case, the companies were already in rough shape before the pandemic began due to excessive debt and declining foot traffic. Tuesday Morning, which sells a wide variety of merchandise including home decor, bath and body goods, crafts, food, and toys, hopes to stay in business while using the bankruptcy process to restructure its operations. The company plans to permanently close about 230 of its 687 stores this summer. Of those, it has already identified 132 that will be shuttered, including 17 in California. "These stores were…

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.

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.

Tuesday Morning becomes 5th big retailer to file Chapter 11; 230 stores to close

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

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

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 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

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

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

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

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

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 »

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

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

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

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

Gold Price News and Forecast: XAU/USD 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

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

Gold Price Analysis: XAU/USD declines to 2-week lows, challenges $1700/oz

XAU/USD is losing considerable strength while trading below the main SMAs on the four-hour chart. Gold is slowly reversing its monthly gains while challenging

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

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

Ola Electric to launch electric two-wheeler in India in 2021

Ola Electric acquires Etergo in order to enter electric two-wheeler segment. Ola will leverage Etergo technical knowhow and battery tech. Click here to know more.

Ola Electric to launch e-scooter in 2021

AUTO News: Ola Electric will be launching its electric two-wheeler in Indian and global markets in 2021. Etergo's AppScotter, which is an all-electric two-wheele

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 ...

SoftBank-backed Ola buys Dutch electric 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 ...

Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler next year

Ola Electric Mobility (OEM) on Wednesday said it has acquired Amsterdam-based Etergo BV, a move that will help the Indian firm foray into the global premium electric two-wheeler market.

Ola Electric Acquires AppScooter Maker Etergo, To Launch Its Two-Wheeler In India Next Year

Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions across cities

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.

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.

SBI simplifies EMI deferment process

India Business News: India's largest lender by assets State Bank of India on Wednesday said following RBI's extension on EMI moratorium by another 3 months - it has decide

SBI Simplifies Loan EMI Deferment Process. Here Is How To Do It

State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers.

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

Coronavirus: SBI extends term loan EMI moratorium by 3 months, simplifies EMI deferment process

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI

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

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."

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

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.

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.

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.

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.

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.

Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

Virus Lockdown Put India Animal Spirits To Sleep, Signals Data

The Reserve Bank of India expects contraction in the current fiscal year India’s economy was pushed into a state of … Virus Lockdown Put India Animal Spirits To Sleep, Signals Data Read More »

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%

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.

Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

The euro-area economy is faring worse than hoped, facing a recession as bad as the European Central Bank’s more pessimistic forecasts.

Euro economy facing recession as bad as worst forecasts – ECB president

Christine Lagarde says estimates for milder slump ‘out of date’

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.

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...

U.S. DOJ closing insider trading probes into three senators: WSJ

(Reuters) - The U.S. Department of Justice is closing probes into three U.S. senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

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.

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.

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.

The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash, Business Insider - Business Insider Singapore

Business Insider - Sens. Kelly Loeffler, James Inhofe, and Dianne Feinstein have said money managers sold the stock without their direct involvement.. Read more at businessinsider.sg

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

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?

Anant Ambani follows 2 older siblings, joins Jio as director

Anant Ambani (File photo) MUMBAI: More than five years after his older siblings were appointed to the boards of key … Anant Ambani follows 2 older siblings, joins Jio as director Read More »

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

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.

Mukesh Ambani’s youngest son Anant Ambani on board of Jio Platforms; here’s what he had said about RIL

Anant Ambani, the youngest son of Asia’s richest person Mukesh Ambani, has formally joined the group’s digital venture Jio Platforms as an additional director.

Mukesh Ambani-Led RIL Is Preparing For Overseas IPO Of Jio Platforms, Likely To Opt For NASDAQ: Reports 

Mukesh Ambani-Led RIL Is Preparing For Overseas Listing For Jio Platforms, Likely To Opt For NASDAQ: Reports

VW reportedly close to sealing biggest-ever deals in China's EV sector

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

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

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV battery maker Guoxuan High-tech Co Ltd, the people said, adding both deals could be announced as early as Friday.

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

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 ...

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 ...

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

HONG KONG/FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.

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

No quick return to bank share buybacks, says Jamie Dimon

The head of America’s largest bank predicted another big provision for loan losses in the second quarter.

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic

JPMorgan CEO Jamie Dimon said at a Deutsche Bank conference on Tuesday that the US could see a fairly rapid recovery, Bloomberg reported. 'The g...

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.

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

Google offices to gradually start reopening

Will give staff US$1000 for home office setup.

Google to start reopening offices, sees 30% capacity by September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 30% in September, if conditions permit. Google and

Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September

Google had allowed their employees to work from home in early March. Alphabet Inc’s Google said on Tuesday it would … Google To Start Reopening Offices, Targets 30 Per Cent Capacity In September Read More »

Google will begin reopening its offices starting July 6 with limited capacity

Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg

Google to start reopening offices, sees 30per cent capacity by September

Alphabet Inc's Google said on Tuesday it would start to reopen buildings in more cities beginning July 6 and scale up to 30per cent in September.

Google to start reopening offices, targets 30per cent capacity in September

Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10per cent of their capacity beginning July 6 and scale ...

Heatwave likely to continue during next 24 hours: IMD

"Due to the prevailing dry north-westerly winds over plains of northwest India, central India and the adjoining interior parts of eastern India, the present heatwave conditions are very likely to continue during next 24 hours," the IMD said. Heatwave conditions at many places with severe heatwave in isolated pockets are very likely over Vidarbha, west Rajasthan, the IMD said.

Heatwave may continue in several parts of India during next 24 hours: IMD

On Tuesday, Delhi recorded a maximum of 47.6 degrees Celsius in the Palam area

Heatwave likely to continue during next 24 hours: IMD

The ongoing heatwave over several parts of north and central India is likely to continue during the next 24 hours, the India Meteorological Department said on Wednesday, even as the southwest monsoon

Heat wave condition intensifies in several parts of north, west India

Several parts of north and west India reeled under scorching heat wave with the temperature touching 50 degrees Celsius in Rajasthan's Churu district on Tuesday.

Heatwave conditions to persist in Andhra Pradesh for next 24 hours

Heatwave conditions are likely to persist for another day in the State, according to an Indian Meteorological Department (IMD) report.

No respite from scorching summers! Heatwave likely to continue during next 24 hours, says IMD

On the progress of the southwest monsoon, the national weather forecasting centre of the IMD said it has further advanced into some more parts of south Bay of Bengal.

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

Bharti Telecom raises $1.1B from Airtel stake sale

Bharti Telecom, the holding company of India’s Bharti Airtel, sold a 2.75 per cent stake ...

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

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

Bharti Airtel block deal: Now, Sunil Mittal’s telecom group looks to go debt-free after Mukesh Ambani’s RIL

Bharti Airtel’s promoter firm Bharti Telecom raised Rs 8,433 crore on Tuesday, selling 2.75% stake in the telecom major to institutional investors through an accelerated book building process in the secondary market.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

News Corp to axe hundreds of jobs

News Corp is planning to axe hundreds of jobs across its metro and regional divisions this week.

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.

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.

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.

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.

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.

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.

Tiktok maker ByteDance hit $3-billion in net profit last year

TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.

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.

TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.

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.

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 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 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

Apple to reopen about 100 more US retail stores this week

The company has already reopened locations across Australia, Canada, Austria, Germany, South Korea, Italy and Switzerland, and plans to start opening stores in Japan and Sweden this week.

Apple to Reopen More Than 100 Stores in The US This Week

Apple will reopen more than 100 stores in the U.S. this week, as the tech giant looks to rebound from the body-blow its suffered due to the coronavirus

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.

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 ...

Apple To Reopen Approximately 100 US Retail Locations

Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.

The latest numbers on COVID-19 in Canada

The latest numbers of confirmed and presumptive COVID-19 cases in Canada as of 7:36 p.m. ET on May 26, 2020: There are 86,648 confirmed and presumptive cases in Canada.

The latest numbers on COVID-19 in Canada

The latest numbers of confirmed and presumptive COVID-19 cases in Canada as of 11:14 a.m. on May 27, 2020: There are 86,940 confirmed and presumptive cases in Canada.

The latest numbers on COVID-19 in Canada

The latest numbers of confirmed and presumptive COVID-19 cases in Canada as of 7:36 p.m. ET on May 26, 2020:There are 86,648 confirmed and presumptive cases

The latest numbers on COVID-19 in Canada

The latest numbers of confirmed and presumptive COVID-19 cases in Canada as of 4 a.m. ET on May 27, 2020:There are 86,648 confirmed and presumptive cases in Canada.

The latest numbers on COVID-19 in Canada

The latest numbers of confirmed and presumptive COVID-19 cases in Canada as of 6:21 p.m. on May 27, 2020:There are 87,519 confirmed and presumptive cases in

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.

Why General Electric Stock Jumped Nearly 10% at the Open Today

The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.

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 ...

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.

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.

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.

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.  

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.

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

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

Boeing cutting more than 12,000 U.S. jobs

Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans "several thousand remaining layoffs" in coming months but did not say where those would take…

Boeing cutting more than 12,000 US jobs, thousands more planned

WASHINGTON, May 28 — Boeing Co said yesterday it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in...

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

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 ...

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 ...

EU’s Von der Leyen to unveil trillion-euro recovery plan

Brussels, Belgium | AFP |  European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states. The global coronavirus outbreak has thrust the EU into its deepest ever recession, and Von der Leyen’s proposal will set out to help …

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe but will have to win over sceptical member states to push it through.

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

EU proposes 750 billion-euro coronavirus recovery fund

BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over...

EU chief von der Leyen to propose €1 trillion coronavirus recovery fund

It comes after Germany and France proposed a €500 billion fund instead of coronabonds – but it’s still not clear if the funds will be loans or grants.

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.

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.

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.

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.

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

SBI cuts interest rates on FDs

Mumbai: India's largest public sector bank State Bank of India (SBI) on May 27 cut fixed deposit interest rate by 40 basis points across all tenors. This is the second rate cut in a month. The...

SBI cuts FD rates by 40 bps across all tenors. Check the new rates here

After the steep rate cut, SBI's 1 year to less than 2 year FDs will fetch 5.1 per cent, 3 years to less than 5 years will earn 5.3 per cent and 5 years and up to 10 years will earn investors 5.4 per cent.

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

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

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.

Why Kotak Mahindra Bank share price rose 8% today

Share price of Kotak Mahindra Bank rose up to 7.81% to  Rs 1,242.55 compared to the previous close of Rs 1,152 on BSE

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.

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.

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

Kotak Mahindra Bank share price jumps 4% ahead of QIP launch; stock surges 20% from March lows

The board of Kotak Mahindra Bank had earlier approved a proposal to raise capital through a fresh issue of 6.5 crore.

India’s worst recession is here

New Delhi, May 27: Indias fourth recession since Independence, first since liberalisation, and perhaps the worst to date is here, according to rating agency, Crisil.

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.

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,

India facing its worst recession in current fiscal: Crisil

India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday

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

NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

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 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)".

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)

These 5 'stay at home' stocks are getting pounded as the US economy reopens

All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.

These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens

A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.

These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore

Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg

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.

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.

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

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.

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

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

DPR paid ₦8 billion salary upfront in January - Premium Times Nigeria

Data analysis by Dataphyte has shown the DPR paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published

610 personnel earn more than the President as DPR paid ₦8 billion salary upfront in January

Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020.

Goldman Sachs president says bank on track to meet growth goals

By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus. However, the economic shutdown has caused some negative impacts, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product to next year, Waldron said. Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest U.S

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 ...

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

National Bank of Canada (NTIOF) CEO Louis Vachon on Q2 2020 Results - Earnings Call Transcript

National Bank of Canada (OTCPK:NTIOF) Q2 2020 Results Conference Call May 26, 2020 5:30 PM ET Company Participants Linda Boulanger - VP, IR Louis Vachon - Presi

Ooma, Inc. (OOMA) CEO Eric Stang on Q1 2021 Results - Earnings Call Transcript

Ooma, Inc. (NYSE:OOMA) Q1 2021 Earnings Conference Call May 26, 2020 5:00 PM ET Company Participants Matt Robison - Director of IR and Corporate Development Eri

Autodesk, Inc. (ADSK) CEO Andrew Anagnost on Q1 2021 Results - Earnings Call Transcript

Autodesk, Inc. (NASDAQ:ADSK) Q1 2021 Earnings Conference Call May 27, 2020 5:00 PM ET Company Participants Abhey Lamba - Vice President, Investor Relations Andr

Autodesk, Inc. (ADSK) CEO Andrew Anagnost on Q1 2020 Results - Earnings Call Transcript

Autodesk, Inc. (NASDAQ:ADSK) Q1 2020 Earnings Conference Call May 27, 2020 5:00 PM ET Company Participants Abhey Lamba - Vice President, Investor Relations Andr

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

American Woodmark Corporation (AMWD) CEO Cary Dunston on Q4 2020 Results - Earnings Call Transcript

American Woodmark Corporation (NASDAQ:AMWD) Q4 2020 Earnings Conference Call May 26, 2020 11:00 AM ET Corporate Participants Scott Culbreth - CFO Cary Dunston -

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

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

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

British Land Company PLC (BTLCY) CEO Christopher Grigg on Q4 2020 Results - Earnings Call Transcript

British Land Company PLC (OTCPK:BTLCY) Q4 2020 Results Conference Call May 27, 2020 03:30 AM ET Company Participants David Walker - Head, IR Chris Grigg - CEO &

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

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

Petropavlovsk PLC (PPLKF) CEO Pavel Maslovskiy on Q4 2019 Results - Earnings Call Transcript

Petropavlovsk PLC (OTC:PPLKF) Q4 2019 Results Earnings Conference Call May 27, 2020, 03:30 AM ET Company Participants Patrick Pittaway - Head of Investor Relati

Educational Development Corporation (EDUC) CEO Randall White on Q4 2020 Results - Earnings Call Transcript

Educational Development Corporation (NASDAQ:EDUC) Q4 2020 Earnings Conference Call May 27, 2020, 04:00 PM ET Company Participants Randall White - Chairman, Pres

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.

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

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

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…

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, ...

3,274 Shramik trains run till May 25: Rly

nIndian Railways has operationlised 3,274 “Shramik Special” trains till May 25 across the country and ferried more than 44 lakh passengers to their home states through “Shramik Special” trains in 25 days. The railways have distributed more than 74 lakh free meals and more than one Crore

Over 3,500 Special Trains Originated Till Now: Railways

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.

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.

48 lakh migrants reach home by 'Shramik' special trains

NEW DELHI, May 27: Around 48 lakh stranded migrant labourers and others have reached their home states through 3543 "Shramik" special trains started on May 1, 255 of which originated only on Tuesday. They, however, constitute only 10% of around 4-5 crore migrant labourers stranded in various states without jobs because of the shutdown in the wake of the coronavirus-induced Lockdowns.All of them were distributed more than 78 lakh free meals and more than 1.10 crore water bottles, the Railways said on Wednesday.In addition to Shramik specials, Railways are running 15 pairs of special fully air-conditioned trains connecting New Delhi from May 12 and plans to start 200 more time tabled trains on June 1.Top five States from where maximum trains originated are Gujarat (946 Trains), Maharashtra (677 Trains), Punjab (377 Trains), Uttar Pradesh (243 Trains) and Bihar (215 Trains). Top five states where maximum trains terminated are Uttar Pradesh (1392 Trains), Bihar(1123 Trains), Jharkhand (156 Trains), Madhya Pradesh(119…

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.

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.

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

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

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.

BPCL privatisation bid deadline further extended until July 31

While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.

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

BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

Facebook rebrands digital wallet to escape Libra

Facebook revamped its Calibra digital wallet, rebranding the service to Novi, in an apparent attempt ...

Facebook wallet for Libra digital coins renamed 'Novi'

The rebranding replaces the original name of 'Calibra' for the Facebook digital wallet which would work with the planned virtual currency Libra

Facebook wallet for Libra digital coins renamed 'Novi'

SAN FRANCISCO, May 27 ― Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed “Novi” yesterday. The rebranding replaces the original name of “Calibra” for the Facebook digital wallet which would work with the planned virtual currency. The Novi digital wallet set...

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

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.

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

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

PARIS (Reuters) - Sanofi (SASY.PA) will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron (REGN.O), the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.

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, ...

Grand Bazaar prepares to reopen

: An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of ...

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries.

After rare silence, Istanbul’s Grand Bazaar prepares to reopen

ISTANBUL, May 27 — An eerie silence has fallen over Istanbul’s Grand Bazaar, one of the world’s oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries. But there are now signs of life at the market as municipal workers...

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

No Respite From Heatwave In Delhi, Mercury Passes 47 Degrees

The national capital reeled under a scorching heatwave on Wednesday with the mercury settling six notches above normal in most areas, the weather department said.

Maximum temperature at Delhi's Palam continue to clock above 47 degree Celsius

A maximum temperature of 47.2℃ was recorded at Palam, slightly less than Tuesday's 47.6 degrees.

Delhi sizzles at 46 degrees amid severe heatwave, records Tuesday as hottest in May since 2002

However, Delhi is expected to get some respite from the stifling heat on May 28 due to a fresh Western Disturbance and easterly winds at lower levels.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

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

Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.

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

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

Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.

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

As people are spending more time than ever in their homes, skincare is seeing a major boom in popularity. Business Insider’s Kate Taylor reported in March that Americans in isolation have turned to skincare as a form of self-care and comfort, and as a result, skincare sales have rapidly outpaced the general beauty market in recent months.

10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

10 things you need to know before the opening bell

Here’s what you need to know before the markets open.

10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

Business Insider - This is what traders are talking about.. Read more at businessinsider.sg

10 things you need to know before the opening bell, Business Insider - Business Insider Singapore

Business Insider - This is what traders are talking about.. Read more at businessinsider.sg

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...

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.

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, ...

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.

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..

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...

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

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.

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.

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

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

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.

SoFi Powers Samsung Pay Mobile Banking Services

Samsung Electronics America, Inc. has announced a new mobile-focused money management experience called Samsung Money by SoFi.

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.

Samsung Money Debit Card announced; no ATM fees, no account fees

Last year, Apple announced the Apple Card – a credit card created in partnership with Goldman Sachs. Huawei followed suit with its own Huawei Card announced a few months ago in China. Today, it is the turn of Samsung, and the Korean tech giant has named it Samsung Money. Samsung Money is a Mastercard debit …

Samsung Partners With SoFi For Mobile-First Money Management Experience “Samsung Money By SoFi”

Samsung Electronics America, Inc. announced on Wednesday it has teamed up with SoFi to launch Samsung Money by SoFi, a new mobile-first money management experie

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.

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.

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

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.

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.

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.

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

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.

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.

JP Morgan's chief economist optimistic about Taiwan's growth

Global investment bank forecasts Taiwan will have better financial rebound than most of world

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

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.

Tech reboot in store for EU as plans recovery from crisis

Tech reboot in store for EU as plans recovery from crisis

French economy making 'cautious' virus lockdown recovery

A return to normal will likely take many months, warns France's national statistics agency

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.

Sarb says lenders can handle coronavirus crisis

Although financial stability risks are elevated and the outlook is challenging, says governor.

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.

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

Floor price issue may not figure on Trai’s radar for at least 2 months amid COVID-19 crisis: Source

This is not an "opportune moment" to address the issue, and in any case, telecom operators are free to take decisions on tariff matters, the senior Trai official said.

Ralph Lauren Sales Slip 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.

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 ...

Chevron sees up to 15% reduction in positions - memo

Chevron Corp expects a 10% to 15% reduction in positions across the company as part of restructuring efforts it started late last year, according to an internal memo seen by Reuters.

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.

Venezuela's Maduro vows to raise gasoline price as Iranian tanker nears

CARACAS/MARACAY — Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation’s exclusive economic zone.

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.

Venezuela's Maduro vows to raise gasoline price as Iranian tanker nears

Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation's exclusive economic zone. Iran is providing the country with up to 1.53 million barrels of

Third Iranian Tanker Arrives in Venezuela Under Escort of Bolivarian Navy – Photos

The tanker is one of five Venezuela-bound Iranian vessels making their way to the Latin American nation to ease a gasoline shortage caused by crippling US sanctions.

European Commission proposes €750B EU recovery package

‘Today we face our very own defining moment,’ Ursula von der Leyen says.

EU Commission to propose EU budget worth €1.1 trillion – Reuters

The next EU budget proposed by the European Commission will be worth €1.1 trillion and will include the coronavirus recovery fund, Reuters reported on

Commission to propose EU budget of €1.1T for seven years

Figure would raise spending compared to current seven-year budget for EU27.

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

Why US energy CEOs will get big payouts despite oil meltdown

National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...

Why U.S. energy CEOs will get big payouts despite oil meltdown

BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

Why U.S. energy CEOs will get big payouts despite oil meltdown

Why U.S. energy CEOs will get big payouts despite oil meltdown

Rare penny struck in Northern Ireland breaks auction records

The 17th century coin from Carrickfergus sold for £6,200.

Rare penny struck in Northern Ireland breaks auction records

The 17th century coin from Carrickfergus sold for £6,200.

Rare penny struck in Northern Ireland breaks auction records

The 17th century coin from Carrickfergus sold for £6,200.

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.

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 »

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

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.

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.

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

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain

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.

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.

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

EUR/USD Price Analysis: Potential visit to the 1.1150 region

EUR/USD is prolonging the upside on Wednesday above the 1.10 mark, recording at the same time fresh multi-week peaks around 1.1030. The pair has left

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

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

Valuation of Plus Two answer papers begins

Due safety precautions taken in view of COVID 19 pandemic

Evaluation of Plus Two answer scripts begins in southern districts

Evaluation of answer scripts for Plus Two public examination formally began in several southern districts of the State on Wednesday.Though the examinations were held in March, the valuation exercise w

Plus Two answer papers evaluation begins in TN, over 40,000 teachers involved

Evaluation of class 12 public exam answer papers, which got delayed due to Covid-19 induced lockdown, commenced across Tamilnadu, except Chennai, from this morning. Continue Reading →

Students can appear for CBSE board exams from city they are in: HRD Minister

To enable this, students will have to give the details of their current status. By the first week of June, students will be informed about their exam centre, he had added. The minister also congratulated students and wished them luck for their board exams.

Major relief for class 10 and 12 students, can appear for pending CBSE exams from home districts

Pokhriyal said that these students will not be required to travel back and the CBSE will announce the modalities of registrations for such requests.

CBSE students can give Class 10 and Class 12 board exams from home district, says HRD minister Ramesh Pokhriyal

HRD minister Ramesh Pokhriyal on Wednesday said students who have moved back to their hometowns due to nationwide coronavirus lockdown can appear for their remaining CBSE Class 10 and Class 12 board examinations 2020 from their home districts

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.

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.

81% of parents ‘would not have travelled for lockdown emergency childcare’

Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.

81% of parents ‘would not have travelled for lockdown emergency childcare’

Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.

81% of parents ‘would not have travelled for lockdown emergency childcare’

Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.

More liquidity needed, states should come forward with Rs 20 trn: Gadkari

Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"

States should come forward with ₹20 tn to battle COVID-19 disruptions: Gadkari

More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with ₹20 trillion, while another ₹10 trillion can be harnessed from public-private investment, said Nitin Gadkari

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.

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.

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

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

Nokia veteran Sari Baldauf takes over as 5G battle rages

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

Nokia veteran Sari Baldauf takes over as 5G battle rages

Nokia veteran Sari Baldauf takes over as 5G battle rages

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 ...

McDonald's to open all drive-thru restaurants by next Thursday

Fast food chain McDonald's will open its 28 drive-thru restaurants in Northern Ireland by Thursday of next week.

McDonald's to re-open Dundalk drive thru next week - Talk of the Town

McDonald’s in Dundalk will re-open next week. The company announced this morning that all its drive-thrus would re-open by Thursday June 4th. The fast food chain opened six restaurants in Dublin last Wednesday and are now ready to move forward with the rest of Ireland with openings to take place between Tuesday and Thursday of...Read More→

REPORT: McDonald's announce date of Dundalk drive-thru reopening

Restaurant

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.

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.

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

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

Rupee settles 5 paise lower at 75.71 against US dollar

The rupee opened weak.

Rupee Edges Lower To Close At 75.71 Vs Dollar Amid COVID-19 Lockdown

The rupee is down 6.10% against the dollar so far this year After starting the day nearly unchanged at 75.67 … Rupee Edges Lower To Close At 75.71 Vs Dollar Amid COVID-19 Lockdown Read More »

The demise of oil may have been greatly exaggerated

The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.

The demise of oil may have been greatly exaggerated

The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.

The demise of oil may have been greatly exaggerated

The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

$156b fund giant IFM fears early access to super precedent

The fund manager also said it is prepared to pump billions into infrastructure investments.

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.

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.

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.

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.

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.

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.

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.

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.

Rand falls as Sino-US friction dents risk appetite

In line with its emerging market peers.

US Dollar Index Price Analysis: Rising odds for a move to 98.50

DXY is losing the grip further on Wednesday, extending the decline for the second consecutive session after being rejected from the 100.00 mark at the

US Dollar Index Asia Price Forecast: DXY is bouncing from monthly lows

The US Dollar Index (DXY) is finding some solid support near the monthly lows close to the 99.00 level and the 100 SMA on the daily chart. However, the risk ap

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

NCC Suspends Spectrum Trading Guidelines 2018

The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry.

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.

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

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.

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, 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

Eden Project considers new attraction in Dundee

The original Eden Project in Cornwall has attracted more than 22 million visitors since 2001.

Eden Project considers new attraction in Dundee

The original Eden Project in Cornwall has attracted more than 22 million visitors since 2001.

Eden Project reveal plans for huge undercover rainforest visitor attraction in Dundee

THE Eden Project have revealed plans to construct a huge undercover rainforest in Dundee. The charity, Eden Project International, are exploring the feasibility of opening the new attraction in the…

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'

The stock market can still set new record highs in 2020 thanks to fresh risk-on attitude and the Federal Reserve's stimulus, Wharton finance pro...

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains ‘a real possibility’

Wharton finance professor Jeremy Siegel still sees a scenario where the stock market breaches new highs before the year is out, despite reopening risks, historic unemployment, and a deep recession.

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility', Business Insider - Business Insider Singapore

Business Insider - Fresh risk-on attitude and the Fed's lending efforts can drive a strong rally as long as a second wave of COVID cases is avoided, Siegel said.. Read more at businessinsider.sg

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

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 ...

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

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

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.

Coinbase Strengthens Institutional Focus, Acquires Leading Crypto Brokerage

Major cryptocurrency firms continue to pave the way for institutional involvement in the space. The US-based digital asset exchange, Coinbase, just

Floods hit nearly 2 lakh in seven Assam districts

Nearly two lakh people in Assam have been hit and about 9000 forced to take shelter in relief camps as the situation due to the first wave of floods w

Assam floods: Situation deteriorates with one dead and 2.71 lakh affected

As rainfall persisted, the affected population rose to 2.71 lakh spread across 321 villages in eleven districts of the state

Assam: Over 2 lakh affected in flash floods triggered by Cyclone Amphan; more rainfall predicted for next 2-3 days

More than two lakh people in Assam are currently affected by the flash floods

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

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.

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.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

Residential building declines as government considers cash grants for new homes

There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.

What's behind the bank rally

The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.  

What triggered the 15% rally in bank stocks today?

Nifty Bank, which consists of 10 stocks, saw its best day in about two months.

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

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

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.

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

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

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.

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.     

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.

Jimmy Fallon Apologizes for Blackface Skit

In a ‘Saturday Night Live’ sketch from 2000, Mr. Fallon appears in blackface while impersonating his fellow comedian Chris Rock.

Jimmy Fallon apologizes for using blackface on 'SNL'

May 27 (UPI) -- Jimmy Fallon has apologized on Twitter for wearing blackface in 2000 during a Saturday Night Live sketch.

Jimmy Fallon Apologizes For 2000 ‘SNL’ Blackface Sketch, Jamie Foxx Defends Him

Jimmy Fallon is apologizing after a clip from a 20-year-old "Saturday Night Live" sketch resurfaced that featured the future "Tonight Show" host in blackface. In the vintage "SNL" sketch, Darrell Hammond is impersonating Regis Philbin, who welcomes guest Chris Rock — who's played by Fallon with his skin darkened. RELATED: Megyn Kelly Slammed For Comparing…

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 »

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.

Stocks in news: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others

Stocks in news today on May 27: Torrent Pharma, Blue Dart, Sun Pharma, Dabur, United Spirits, Bharti Airtel, VIP Industries among others are the top stocks to watch out for in Wednesday's trading session

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.

G20 finance projects give $77b a year to fossil fuels: Watchdog

The analysis showed that China, Japan, Canada and South Korea were the worst offenders.

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 .

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...

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.

Stocks, euro rise on massive EU stimulus plan

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Greta Thunberg hits out at Denmark for pumping wastewater into Oresund Strait

The waterway separates Denmark from Sweden, Greta’s home country.

Greta Thunberg hits out at Denmark for pumping wastewater into Oresund Strait

Swedish teenage climate activist Greta Thunberg lashed out at the Danish capital because Copenhagen has for the last six years pumped large amounts of wastewater into the strait separating Sweden and Denmark.

Greta Thunberg hits out at Denmark for pumping wastewater into Oresund Strait

The waterway separates Denmark from Sweden, Greta’s home country.

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.

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

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.

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.

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

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.

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.

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.

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.

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

Future Retail Ltd gets approval to raise up to Rs 650 crore via NCDs

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.

France unveils $8.7 billion plan to rescue ailing car industry

The plan focuses on the production of environmentally-friendly vehicles

Macron's $8.8 billion plan would make France Europe's top clean car producer

President Emmanuel Macron announced an 8 billion euro (7 billion pounds) plan on Tuesday to make France the top producer of clean vehicles in Europe and urged French carmakers to make vehicles in their own country. French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the auto sector badly, and Macron wants to accelerate the transition to electric cars to help revive the industry. "We need a motivational goal: make France Europe's top producer

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.

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.

Government to withdraw 7.75% Savings (Taxable) Bonds scheme

The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.

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.

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

Pandemic creating ‘lockdown generation’ as one in six youths stop work ― UN

The COVID-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing under 29 to stop working.

Pandemic creating ‘lockdown generation’ as one in six youths stop work: UN

The Covid-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing more than one in six people aged under 29 to stop working, the UN said Wednesday.

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.

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.

Walmart, Inc. (WMT) Presents at Bernstein's 36th Annual Strategic Decisions Conference (Transcript)

Walmart, Inc. (NYSE:WMT) Bernstein's 36th Annual Strategic Decisions Conference Call May 27, 2020 09:00 AM ET Company Participants Brett Biggs - EVP and CFO Con

The Coca-Cola Company (KO) Management Presents at RBC Capital Markets Global Consumer & Retail Conference (Transcript)

The Coca-Cola Company (NYSE:KO) RBC Capital Markets Global Consumer & Retail Conference May 27, 2020 2:00 PM ET Company Participants John Murphy - Chief Fin

HP Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by HP Inc. in conjunction with their 2020 Q2 earnings call.

Box, Inc. 2021 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Box, Inc. in conjunction with their 2021 Q1 earnings call.

Prosafe SE 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Prosafe SE in conjunction with their 2020 Q1 earnings call.

NetApp, Inc. 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by NetApp, Inc. in conjunction with their 2020 Q4 earnings call.

Bank of Montreal 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Bank of Montreal in conjunction with their 2020 Q2 earnings call.

Photronics, Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Photronics, Inc. in conjunction with their 2020 Q2 earnings call.

Petropavlovsk PLC 2019 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Petropavlovsk PLC in conjunction with their 2019 Q4 earnings call.

Itamar Medical Ltd. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Itamar Medical Ltd. in conjunction with their 2020 Q1 earnings call.

Royal Bank of Canada 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Royal Bank of Canada in conjunction with their 2020 Q2 earnings call.

Golden Ocean Group Limited 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Golden Ocean Group Limited in conjunction with their 2020 Q1 earnings call.

Keysight Technologies, Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Keysight Technologies, Inc. in conjunction with their 2020 Q2 earnings call.

Net 1 UEPS Technologies, Inc. 2020 Q3 - Results - Earnings Call Presentation

The following slide deck was published by Net 1 UEPS Technologies, Inc. in conjunction with their 2020 Q3 earnings call.

Columbus McKinnon Corporation 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Columbus McKinnon Corporation in conjunction with their 2020 Q4 earnings call.

IndiGrid Q4 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, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

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.

Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.

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.

USD/INR New York Price Forecast: Greenback stabilizing near the 75.75 level vs. Indian rupee

USD/INR is stabilizing above the 75.50 support level while still below the 50 SMA on the daily chart. The market has been struggling to find a direction in Ma

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

Silver New York Price Forecast: XAG/USD trades sideways near $17.00/oz

Silver is trading off 10-week tops just below the $17.45 per troy ounce level. Bulls are losing steam as XAG/USD trades below the 50 SMA on the four-hour char

Education department IT manager directed $14m work to his own company

'Go-to guy' in Department of Education and Training misused position for more than a decade to direct almost $14m-worth of work to company he owned, IBAC says.

Education Department IT manager directed $14m of work to his own company

A former 'go-to guy' for the Education Department misused his position for more than a decade but will not face criminal charges, IBAC says.

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.

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

LIVESTREAMED: Kennedy Ohene Agyapong on ‘The Seat’ show

Kennedy Ohene Agyapong will be on “The Seat” show on Net TV to continue to talk about his exposé about fake pastors.

LIVESTREAMING: Kennedy Ohene Agyapong on ‘The Seat’ show

Kennedy Ohene Agyapong will be on “The Seat” show on Net TV to continue to talk about his exposé about fake pastors.

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.

The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic

Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.

The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic

Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs economists say the unemployment rate could remain high for the next two years due to policies designed to mitigate the pandemic's effects.

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.

10-15% moderation in salaries not to impact lending practice: HDFC Bank

A pent-up demand for vehicles and social distancing needs, coupled with the introduction of digital inputs to manage customer journey by banks will lead to a faster uptick in auto sales, which were sagging before the lockdown and came to a standstill in the last two months, the bank's country head for retail lending Arvind Kapil said.

10-15% moderation in salaries not to impact lending practice: HDFC Bank

If the corporates are looking at moderation in salaries or in the increments, the same needs to be watched carefully from a prudential perspective, said the bank's country head for retail lending

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.

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.

SA plans R357bn infrastructure fund, ANC says

Focusing on ‘network industries’ such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements.

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.

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.

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.

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

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

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 ...

H&M set to cancel furloughs for 2,500 at Stockholm headquarters

H&M set to cancel furloughs for 2,500 at Stockholm headquarters

Bakery chain Le Pain Quotidien files for bankruptcy

The US arm of Le Pain Quotidien, an upscale bakery chain known for its chocolate-filled pastries, on Wednesday filed for bankruptcy protection, a victim of coronavirus lockdowns that have idled

Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

Le Pain Quotidien, the U.S. division of the Belgian bakery chain, has filed for bankruptcy protection.

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.

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.

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.

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.

Apple Buys Machine-Learning Startup to Improve Data Used in Siri

Apple Inc. bought machine-learning startup Inductiv Inc., adding to more than a dozen AI-related acquisitions by the technology giant in the past few years.

Apple Buys Machine-Learning Startup to Improve Data Used in Siri

Apple Inc. bought machine-learning startup Inductiv Inc., adding to more than a dozen AI-related acquisitions by the technology giant in the past few years.

United reshuffles management as it prepares for uncertain recovery

United reshuffles management as it prepares for uncertain recovery

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...

Lam Research: Strong Cost And Pricing Advantages Improve Outlook

Lam Research has outperformed the S&P 500 over the past 10 years due to its scale advantages. The company has a strong liquidity position and cash flow generati

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

EV owners face on-street charging postcode lottery

Some areas suffer with just one on-street charger per 1,000 vehicles.

EV owners face on-street charging postcode lottery

Some areas suffer with just one on-street charger per 1,000 vehicles.

Graphic novel shortlisted for comic fiction prize

The prize, now in its 20th year, selects the best comic novels of the past 12 months.

Graphic novel shortlisted for comic fiction prize

The prize, now in its 20th year, selects the best comic novels of the past 12 months.

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

Canada's main stock index recovered from early trading weakness Wednesday to move to its highest closing in nearly three months on the strength of the heavyweight financials sector.

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

TORONTO — Canada's main stock index was down in late-morning trading as strength in the financial sector couldn't offset broad-based weakness on the Toronto Stock Exchange led by the materials sector. The S&P/TSX composite index was down 139.

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, 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

Renault's Senard says it does not need to merge with Nissan

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan (7201.T) and Mitsubishi (7211.T).

Renault's Senard says it does not need to merge with Nissan

Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi. "We do not need a merger to be efficient," Senard said at a news

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

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

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

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

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.

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.

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

AUD/USD sits near 2-1/2 month tops, comfortably above mid-0.6600s

The AUD/USD pair maintained its bid tone through the mid-European session and was last seen trading comfortably above mid-0.6600s, just below 2-1/2-mo

Mercedes-Benz relaunches production at Argentinian factory

Mercedes-Benz has relaunched production in Argentina after a two-month standstill due to the COVID-19 pandemic, the German carmaker said.

Mercedes-Benz relaunches production at Argentinian factory

Mercedes-Benz has relaunched production in Argentina after a two-month standstill due to the COVID-19 pandemic, the German carmaker said.

'Remember to wear sunscreen when going outdoors,' with warmest day of the year ahead

Be advised!

'Remember to wear sunscreen when going outdoors,' with warmest day of the year ahead

Be advised!

Airline debt to balloon by 28% - Heavy new debt levels will weigh down recovery

GENEVA - The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). $52 billion is from commercial sources including commercial loans ($23 billion), capital market debt ($18 billion), debt from new operating leases ($5

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.

IMF Senior Official Says Private Corporations Can Bolster Digital Currencies

Digital currencies are being increasingly looked into around the world, with most governments and corporations alike working on some iteration of the technology. In this regard, a senior official at the International Monetary Fund (IMF) believes a private-public nexus is the way forward for CBDCs. 

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).

UK lends $22bn to small firms hit by coronavirus

LONDON: British small businesses have borrowed more than $22 billion under a government-guaranteed coronavirus credit program during its first three weeks of operation, outpacing bank lending under other schemes for bigger firms. The finance ministry offers banks a 100% credit guarantee on loans of up to 50,000 pounds under its Bounce Back Loan Scheme, after an 80% guarantee

UK lends 18 billion pounds to small firms hit by coronavirus

UK lends 18 billion pounds to small firms hit by coronavirus

Stocks To Buy After The Buffett Sell-Off

The airlines sold by Berkshire lost 15.8% in value more than other airlines since the Buffett Sell-off began. The Buffett Airlines have less attractive cash val

Warren Buffett dumped the 'big 4' airline stocks in April. They've already recovered from the sell-off he sparked.

Warren Buffett's exit from the 'big four' airlines sparked a sell-off of their shares in early May. Shares in American, Delta, Southwest, and Un...

TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER, May 26, 2020 /CNW/ - TSX VENTURE COMPANIESOCEANIC WIND ENERGY INC. ("NKW")[formerly NaiKun Wind Energy Group Inc. ("NKW")]BULLETIN TYPE...

TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER, May 26, 2020 /CNW/ - TSX VENTURE COMPANIESOCEANIC WIND ENERGY INC. ("NKW")[formerly NaiKun Wind Energy Group Inc. ("NKW")]BULLETIN TYPE...

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.

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.

Pandemic slows electric vehicle revolution due to lithium battery shortage

The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of lithium into survival mode with output cuts.

Lithium Supply Fears Loom Over Electric Vehicle Happy Talk — Or Not, As The Case May Be

Spring has sprung, which means it's time for another round of guess how much lithium automakers will need to make enough lithium-ion batteries for the electric vehicle of the future, of which there are expected to be many millions on the road within the next ten years or so. Spoiler alert: we're going to need

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.

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.

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.

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.

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.

'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.

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

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

ArchDaily X LifeCycles: The Future of our Environment

Watch the ArchDaily x LifeCycles panel discussion. David Gianotten, Sinus Lynge, and Lina Ghotmeh discuss the future of our environment.

ArchDaily X LifeCycles: The Future of our Environment

Watch the ArchDaily x LifeCycles panel discussion. David Gianotten, Sinus Lynge, and Lina Ghotmeh discuss the future of our environment.

‘Over a third of Indian women have never bought gold jewellery’

14% will never consider buying; jewellers need to meet the fashion expectations of women, says World Gold Council survey

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.

AUD/USD: Looking at the 0.6706 resistance to open upside potential – Credit Suisse

AUD/USD has pushed higher to test of 0.6659/6706, a pivotal resistance area comprising of the 200-day average, the March high, and 78.6% retracement,

EUR/USD: Above key resistance at 1.1019 would mark an important base – Credit Suisse

EUR/USD strength has extended to retest important resistance from its early May high and 200-day average at 1.1009/19, which is being tested and would

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 »

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

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.

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.

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.

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...

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.

Investor wealth surges by Rs 2 lakh crore as markets rally

India Business News: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or

CME Group Launches Options on Micro E-Mini Futures Product

The new options will be available for trading in the fall of 2020, pending regulatory review

CME Group Launches Options on Micro E-Mini Futures Product

The new options will be available for trading in the fall of 2020, pending regulatory review

Decline in China's industrial profits slows in April, outlook still gloomy

Decline in China's industrial profits slows in April, outlook still gloomy

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.

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...

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.

Samsung gets more sporty, ties up with Esports team

Samsung Electronics has signed a partnership with the global esports organization T1 (T1) to boost its presence in the gaming monitor market.

Samsung to sponsor esports company with gaming monitors

Samsung Electronics Co. said Wednesday it has signed a partnership with a global esports organization to boost its presence in the gaming monitor market. Samsung said it will sponsor its latest display products at T1 Entertainment & Sports (T1), a joint venture between South Korea's leading mobile carrier SK Telecom Co. and US entertainment firm Comcast Spectacor LLC. Under the partnership, T1 players will pr...

‘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...

'Mothership' office on horizon but don't write off London: Canary Wharf

'Mothership' office on horizon but don't write off London: Canary Wharf

Majority of US small businesses optimistic in face of coronavirus pandemic, study says

The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.

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

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

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

From boom to bottom: Renault and Nissan bet on deeper cooperation

As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic

Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation

(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

MPs who fail to test for coronavirus will be sanctioned - Speaker

Speaker of Parliament Rt Hon Prof Michael Aaron Oquaye has cautioned Members of Parliament and staff of the Parliamentary Service who have not gone through the test for COVID-19 to do so when the mandatory mass testing in Parliament restart from Thursday, 28th May to Friday, 29th May 2020.

It’s compulsory to test for coronavirus – Speaker Oquaye cautions

The Speaker of Parliament, Reverend Professor Aaron Michael Oquaye, on Tuesday said it is mandatory for all Members of Parliament (MPs), journalists covering activities of the House, and staff to test for the COVID-19.

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.

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

Heavy rains may mar quality of Ugandan coffee crop: official

The weather is not good for drying the beans.

Heavy rains may mar quality of Ugandan coffee crop: official

KAMPALA (Reuters) - The quality of Uganda’s coffee crop may decline in the coming months as heavy rains across the east African nation have reduced the amount of sunshine necessary for bean drying, an industry official told Reuters on Wednesday.

EU Aims to Back Struggling South With Fiscal Shock and Awe

The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.

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

Walmart Goes Full-Throttle on Resale With ThredUp

As part of an ongoing mission for fashion dominance, Walmart enters resale.

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.

Oman to lift lockdown on Muscat from Friday

As per the new decisions, public sector employees will resume work gradually

Oman to lift lockdown on Muscat from Sunday

As per the new decisions, public sector employees will resume work gradually

Tsvangirai's son defies Chamisa

Five legislators including Morgan Tsvangirai's son Vincent, defied Nelson Chamisa's parliamentary boycott directive, and attended the National Assembly sitting ...

Tsvangirai's son defies Chamisa

Five legislators including Morgan Tsvangirai's son Vincent, defied Nelson Chamisa's parliamentary boycott directive, and attended the National Assembly sitting ...