Economy 1666
4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER
Uber, Occidental Petroleum, Canopy Growth and Zscaler are our top stock trades for Monday. That said, let's look at the charts for the group.
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally
The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.
NPA appoints ex-Scorpion Sipho Ngwema as spokesperson
Ngwema previously served as the head of communications at the Competition Commission, a position he had held since September 2016.
Two quakes hit Rohtak in one-hour span; tremors felt in Delhi
The first quake, a medium intensity one of 4.5 magnitude, hit the Haryana city at 9.08 p.m. at a depth of 5 km.
First post-lockdown flight departs Europe for China
A first charter flight carrying Europeans to China following weeks of lockdown departed Germany's biggest hub Frankfurt late Friday
Times Square billboards went dark for one minute to show support for struggling restaurants and hospitality businesses
Some of Times Square's iconic signage went dim to spotlight how insurers are using loopholes to get out of paying business-interruption claims.
Are Stocks Out of Control? What We Learned in May
A round-up of market analysis by Bloomberg Opinion.
Forbes Strips Kylie Jenner of Billionaire Status for Inflating Size of Her Business
Forbes named Kylie Jenner a billionaire last year making her the younger entrepreneur with that distinction, however, the financial publication has...
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
UK helps employers with slow phase-in of job shield costs
British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…
Trump announces probe of Chinese companies listed in US
US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies. The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
Stocks rebound on relief at Trump's response to China over Hong Kong
NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
Williams considers selling F1 team after £13m loss
Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.
Renault plans to cut 14,600 jobs worldwide in race to reduce costs
The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion
Tata Motors Trading Near All-Time Low Ahead Of Earnings
Tata is set to report Q4 earnings results in the next few days and the company is expected to lose money once again. The company has been losing money for the l
Tremors in Delhi; seventh since April 12
Earthquake in Delhi-NCR: The epicentre of the earthquake is near Rohtak in Haryana. There were no reports of damage to property yet.
Implementation of new framework for taxi, ride-hailing companies pushed back to October
SINGAPORE: The implementation of a new regulatory framework for the taxi and private-hire car sectors will be delayed again to October, as ...
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.
DOJ sets new conditions for CPI’s acquisition of General Dynamics’ satellite antenna business
For the merger to go forward CPI must sell off its subsidiary ASC Signal Division.
Agriculture, mining saved Indian economy in FY20; manufacturing bites
The farm sector is expected to perform well in FY21 as well.
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…
Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin
Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against
US stocks rise after Trump sticks to script on China
Shares in New York gained 4.5 per cent in May, buoyed by signs the US economy is stirring after shutting down in April.
S&P 500, Nasdaq rally to close week higher as Trump’s actions against China seen not as disruptive as feared
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China...
Govt likely to allocate Rs1,000b for Covid-19
Prepares draft for federal budget 2010-21 with a total outlay of Rs7,570 billion
Abdul Aleem Khan dismisses flour price increase by Mills Association
Pakistan Flour Mills Association had increased the price of flour by Rs 120
Megacap Algo Trade Taking Lumps Right After Everyone Piled In
If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis.
People urged to keep track of who they meet over bank holiday weekend
People socialising over the bank holiday weekend have been urged to keep track of who they meet.
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
Apple urgently requests LG to increase LCD panel supply - Gizchina.com
Apple urgently requests LG to increase LCD panel supply. There is a surge in the demand for Apple iPads especially in Asia
Can appreciate limits on airfares as it is a 'very very short term' measure: AirAsia India CEO
Domestic passenger services restarted after a gap of two months on Monday when 428 flights carried around 30,000 passengers to their destinations.
Coronavirus | Monkeys snatch blood samples in Meerut
A video showing one of the monkeys sitting on a tree and fiddling with one of the sample kits was widely shared on social media.
Sara Hay appointed Wellington City Council's new chief financial officer
Ms Hay joins Wellington City Council after several years of accomplished work at senior levels of, most recently, Auckland Council and, prior to that, at the Ministry of Business, Innovation and Employment.
Parliament recommends suspending payment of R22m to Ingonyama Trust
When the trust tabled its strategic and annual performance plans at a committee meeting, no budget information was included.
The coming recession is the best reason to step up the pace of renewables investment
It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.
Donald Trump announces probe of Chinese companies listed in US
Among the largest were e-commerce giant Alibaba, China's largest oil producer PetroChina and Sinopec, the world's largest oil refiner.The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
Illinois, New Jersey, and New York are the only states reopening according to federal guidelines, a ProPublica analysis found
The three states have yet to fully lift stay-at-home orders, which have been in place for roughly the same duration, per the ProPublica analysis.
Gay weddings boost US economy by $3.8 billion since landmark ruling
Gay and lesbian weddings have boosted state and local economies by an estimated $3.8 billion since same-sex marriage was legalized nationwide in the United States in 2015, according to a study published on Thursday.
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
Teacher Aides’ Pay Rise Helps Value Educating Disabled Students
The milestone pay settlement for teacher aides is both good news for gender pay equity and for valuing the education of disabled children, says Disability Rights Commissioner Paula Tesoriero.
USD/CAD holds steady, up little around 1.3770 amid weaker oil prices
The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
IPC maker DFI to deepen deployments in AIoT, 5G
IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.
German airline Lufthansa to double flights to Athens from Frankfurt and Munich
Lufthansa Group said that the extension of its June timetable responds to the growing interest of customers in air travel as Covid-19 travel restrictions are
Explainer: How important is Hong Kong to China as a free finance hub?
HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.
Delhi University likely to start registration process for admission to UG courses from 8 June; tentative first cut-off list to be out by 11 Aug
The University of Delhi may begin the registration process for admission to various courses on 8 June. The university’s standing committee of the academic council will decide in its meeting today if the tentative schedule prepared by the admissions department should be passed.
StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1
OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.
East Tender expects increasing 5G optical filter shipments in 2H20
Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.
NIA charges one more in Attari drug seizure case
Investigations revealed evidence of generation of funds though the sale of narcotics. The narcotics were smuggled from across the international border. The proceeds from the sale of these drugs were used to fund terrorist activities in Jammu and Kashmir, the NIA's supplementary chargesheet also said.
Japan factory output and retail sales slump as pandemic hits autos
Official data Friday showed factory output slipped 9.1 percent in April from the previous month.
Video | Cement companies report concrete gains despite weak volumes in Q4
Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
Wipro appoints Thierry Delaporte as CEO & Managing Director
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio
SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction
THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.
‘One Sun One World One Grid’: India initiates talks on West to SE Asia solar grid
The idea is to utilise solar power when the sun is not shining in other parts of the world by building a common transmission system.
Germany stresses dialogue with China key when asked about possibility of sanctions
BERLIN (Reuters) - German Foreign Minister Heiko Maas said on Friday that the best way to influence China on the Hong Kong dispute was for the European Union to stand united in its response and to maintain dialogue with Beijing.
Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs
Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.
US-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...
Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses
While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown
MaiCapital Launches Bitcoin-Based Quant Fund
MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.
Tesla performance opens door to Elon Musk payday
Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.
SPECIAL REPORT: FOREX: Dynamic instability amidst CBN’s interventions
NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira
French carmaker Renault announces 15,000 job cuts worldwide
Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide
Williams reveals it is for sale
Backmarker Formula 1 team Williams has admitted it may be sold.
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
Starling Bank raises £40m as it lends to virus-hit small businesses
Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Nifty 50 June Futures (9,404)
The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A
Battle for Hong Kong Is Shifting to City’s Financial Markets
The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.
Tommy Fury under fire for buying Molly-Mae Hague's puppy from Russia for her birthday
Fans couldn't believe the lengths the Manchester boxer went to in order to surprise his other half on her 21st
China to restrict expansion of solar equipment producers
BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.
Former pub set to become flats
A former pub in Shrewsbury is to be turned into seven flats and have six houses built in its car park under plans approved by Shropshire Council.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
COVID-19: Banks to open again in Saudi Arabia
Financial facilities to comply with health precautions
Explainer: How important is Hong Kong to China as a free finance hub?
Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing
F-35 Costs Drop for Building Jets But Rise for Operating Them
The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy
Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc
Stocks To Buy In A Post-Pandemic World
The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts
Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete
Federal Pacific: Power equipment endorsed by Carroll Technologies
Federal Pacific manufacturers a wide range of products used for the generation, distribution, transmission and control of electricity.
Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources
Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.
World shares fall as Hong Kong, U.S.-China tensions weigh
Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
BI sees rupiah strengthening to pre-pandemic level as it intervenes in market
BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.
Why this Indian couple in UAE are smiling even after they, child, contracted coronavirus
Keralite parents of 3 kids, including newborn, say they are grateful they are in the UAE
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
Stocks slip as investors await Trump's Hong Kong response
LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
VIXM: Here's Why It Is Likely Going To Keep Dropping
VIXM has had a strong year due to the historic rally in the VIX. VIXM tracks the Mid-Term VIX Futures Index, which allows it to reduce roll yield at the cost of
Asia shares fall as U.S.-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already
Stunning cottage at Bretby Hall is on the market
It is in the grounds of the former home of fifth Earl of Carnarvon of Tutankhamun
Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain
Datsun brand will be withdrawing its operations from Russia
European stocks fall on rising U.S.-China tensions
European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...
How important is Hong Kong to China as a free finance hub?
While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.
SpaceX Starship Launch Insurance Requirement Jumps To $198 Million
Aerospace manufacturer SpaceX was granted a license for suborbital flights by the FAA yesterday, which included new insurance costs.
Migrant labourers needn't pay for Sharmik train, states will pay: Railways
Migrant workers do not have to pay for tickets of Shramik Special trains as sending and receiving states are coordinating with each other for the fare of these trains, Railway Board Chairman Vinod Kumar Yadav said on Friday.
Canada’s economy saw record decline in March, with worse numbers forecast for April
Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold
Nikkei dented by US-China tensions, but scores best month since 2015
Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark
OPEC delivers three quarters of record oil cut in May: survey
LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20
India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.
5 Quotes to Help Plan for Retirement
Wisdom from the world's wisest students of the market is surprisingly simple, even if difficult to adhere to.
Walsall Council receive EA funding to reduce town centre flood risk
A grant of £175,000 has been given to a council to replace a culvert and reduce the risk of businesses nearby flooding.
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
Greece open for travel from June 15th
The tourism ministry on Friday announced the list of countries for which Greece's borders will be "open" from June 15th, with flights permitted to land in
Maharashtra to soon announce economic package to tide over virus crisis: Ajit Pawar
'In a nutshell, we are facing an economic crisis and we want to find a way out,' said Pawar.He also said that although the Centre recently announced an economic package, there were still differences of opinion on how much money will be given to the people
Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]
Mobile banking service for US immigrants launches
Welcome Technologies, an outfit that works to support immigrants to the US, has joined forces with Green Dot on a digital banking product.
5G and 6G: What Problems Should Solve Huawei To Continue Leading?
Though Huawei is a leader in the world and in China especially in terms of 5G, it has started pre-research of 6G as well.
Act fast: The $200 Nintendo Switch Lite is back in stock at Amazon
The Nintendo Switch has been impossible to find in recent much, but the mobile-only Nintendo Switch Lite is now in stock at Amazon, albeit in limited colors.
Crisis-hit Wall Street checks in to Zandi's 'impairment studio'
NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...
10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk
When looking for penny stocks to buy under $5, you’ve got to go dumpster diving. That’s never an easy task when stocks aren't cheap.
Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)
Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]
Number Of Discharged Covid-19 Patients Surpasses Active Cases In Madhya Pradesh’s Indore
On Thursday, as many as 117 patients were discharged from three hospitals in Indore after recovering from Covid-19.
Colleagues line street for funeral procession of ‘loved and valued’ NHS worker
Mike Brown was known well around Southampton General Hospital for his love of spicy food and cheeky sense of humour.
Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit
KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...
Midlands Air Ambulance lands on Cannock Park Golf Course as golfer collapses and dies
Emergency crews received a report a man had collapsed on the golf course at around 3.30pm yesterday (Thursday)
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
5 Must-Know Investing Rules for Newbies
Ready to step up your wealth game and start investing? Read this first.
Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript
Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV
Renault to restructure French factories in high-stakes reboot plan
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...
Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)
Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]
Wipro appoints Thierry Delaporte as CEO and MD
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi
Vodafone Idea stock jumps 35% on report of possible stake sale to Google
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
USD/JPY off lows, still in the red below mid-107.00s ahead of Trump
The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near two-week lows, just above the 107.00
Bitcoin Could Hit $11,000 in June 2020; Here’s Why
Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month.
Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Position
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. […]
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
Forest fire triggers landmine explosions along LoC in Balakote
Forest fire along the Line of Control (LoC) in forward area of Balakote in Poonch district of Jammu and Kashmir on Friday triggered several landmine
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
2 Stocks I'll Hold Forever
These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue
Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
DOJ Targets North Koreans, Chinese for Laundering Billions for Kim’s Nuclear Program
The Justice Department charged 28 North Koreans and five Chinese citizens with laundering over $2.5 billion in assets through North Korea’s state-operated foreign exchange bank to fund the government’s nuclear program, according to court documents unsealed Thursday.The indictment, first reported by the
GSK plans to produces one billion doses of vaccine adjuvant for COVID-19
GlaxoSmithKline has announced plans to produce one billion doses in 2021 of its vaccine adjuvant system to support numerous COVID-19 vaccine candidates.
BNI Syariah sees profit soar in Q1, chances to expand international banking services
BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
The world’s first integrated power-to-X-to-power hydrogen gas turbine demonstrator
With the HyflexPower project, a consortium — made up of Engie Solutions (Paris, France), Siemens Gas and Power GmbH & Co. KG (Munich, Germany), Centrax
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
REX American Resources: A Poor FQ1 Earnings Report Masks Improving Conditions
Ethanol producer REX American Resources reported its FQ1 earnings for the period ending April 30 earlier this week. The report gave investors a first look at th
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
National Bank of Greece S.A.'s (NBGIF) CEO Pavlos Mylonas on Q1 2020 Results - Earnings Call Transcript
National Bank of Greece S.A. (OTCPK:NBGIF) Q1 2020 Results Earnings Conference Call May 28, 2020, 11:45 AM ET Company Participants Pavlos Mylonas - Chief Execut
Covid-19: The race for self-sufficiency
For many people, Covid-19 has triggered a yearning for change: a slower pace, a lighter footprint and an existence more connected to nature. And now – perhaps the first time – a life more resilient t…
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
Why Is Facebook for Remote Work? It Wants Pay Cuts
The company seems intent on reining in tech wages by hiring all over the country at lower salaries.
Owner of Dublin restaurant and pub group ordered to pay ex-girlfriend €104,000 for unfair dismissal
In her hard-hitting ruling,WRCAdjudication OfficerNiamhO’Carroll Kelly found that theunnamed business owner 'took advantage of his personal relationship with the complainant in an attempt to force her out of the company so as to ensure minimal financial impact on the company'
Vestager hits back at Lufthansa bailout criticism
Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.
How This Week Highlights the Challenges Facing General Electric Stock
GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.
Standard Chartered is seeking a fintech partner to launch a savings product in Kenya
Standard Chartered plans to roll out a savings product for its Kenyan retail customers and is looking to partner with a fintech on the new product.
Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725
The troy ounce of the precious metal advanced to a fresh daily high of $1,733 during the early trading hours of the American session but struggled to
Better Buy: Zoom Video Communications vs. Microsoft
Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?
3 Natural Gas Stocks for a Cleaner Future
Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.
Volvo evaluating markets, confirms to drive in XC40 recharge in India
Cars News: NEW DELHI: Volvo Cars India anticipates luxury carmakers to lead the pack once the electric mobility gains momentum here.
Dow Jones retreats ahead of Trump's response on Hong Kong
The Dow Jones Industrial Average was down 269.88 points, or 1.06 per cent, at 25,130.76.
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
3 of the Best Breakout Stocks to Buy Now
Bulls are knocking on the door of resistance in these three breakout stocks. Here are the levels to watch, and how to trade them.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
Canada: The loonie does not react to better than expected GDP – TDS
Real GDP for Q1 and March surprised to the upside with contractions of 8.2% q/q (TD/market: -10%) and 7.2% m/m (TD: -7.0%, market: -8.5%), per TD Secu
Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades
The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Colleagues line street for funeral procession of ‘loved and valued’ NHS worker
Mike Brown was known well around Southampton General Hospital for his love of spicy food and cheeky sense of humour.
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.
Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries
KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...
Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT
Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group
It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.
GoodChips expands certification to global market with Azwood Energy
A leading energy supplier within New Zealand is enabling GoodChips® to grow its international base.
Energy Commission to hold competitive bidding process for LSS photovoltaic plant development
PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO
AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
Hog farms in coronavirus crisis need more aid, say producers
More federal aid is needed if hog farmers are to survive the coronavirus pandemic, which has depressed market prices and slowed pork production.
Elon Musk Awarded $800 Million For Doing His Job
Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...
Slim Vaccine Chances Make iBio Stock Too Speculative Here
Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.
Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)
Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% 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 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]
Investors Skittish Ahead of Expected Sanctions on China
Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.
Australia's 'war cabinet' shifts focus to jobs
Australia's "war cabinet" will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel ...
J. C. Penney Goes Bankrupt With No Recovery For Shareholders
J. C. Penney filed for bankruptcy and its restructuring support agreement includes no recovery for shareholders. It plans to split into a REIT and an operating
Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China
Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading
TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.
India Rules Out Any Plan to Restrict Chinese Foreign Portfolio Investors
New Delhi (Sputnik): Border tension has been simmering between India and China after a skirmish between patrol parties in Ladakh's Galwan Valley sector earlier this...
Another delay in release of SAA rescue plan
Rescue practitioners Siviwe Dongwana and Les Matuson have asked creditors for another extension — the fourth thus far — to the deadline to publish SAA’s business rescue plan.
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.
Global stocks slip as markets await Trump's HK response
SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...
Dollar bides time, yuan falls before Trump takes stage on China
TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.
Top Chinese general says need to keep military option for Taiwan
BEIJING — China needs to keep both peaceful and military options to resolve the “Taiwan issue,” a top Chinese general said on Friday.
Monsoon onset over Kerala likely on June 1: IMD
Monsoon onset over Kerala likely on June 1: IMD New Delhi: The southwest monsoon is likely to hit Kerala on June 1, thanks to a cyclonic circulation over the Bay of Bengal, the India Meteorological Department said on Thursday.The IMD, in its onset date forecast on May 15, had said the monsoon is likely to […]
Group faults removal of Mohammed as TCN MD
Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis
A tribute to the volunteers and stories of everyday philanthropy
In this time of uncertainty and fear, heroes rose to the occasion to lead the charge against the coronavirus disease (COVID-19) pandemic.
Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”
Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can
FDI inflows surge 18% in 2019-20 to record $74 billion
India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard
Outlook & trading strategies for Silver, crude oil by Tradebulls Securities
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
U.N. calls on nations to take action in six areas to limit COVID-19's financial impact
May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.
Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
Renault poised to announce 15,000 layoffs worldwide: union
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
Costa Group CEO Harry Debney to bow out
After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
Rony Abovitz confirms Magic Leap's new funding, will step down as CEO
Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.
USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out
USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E
Qatar Denies Gulf Bloc Exit Rumours On Third Year Of "Illegal Blockade"
Qatar denied on Thursday that it plans to quit the Gulf Cooperation Council as it prepares to mark three years of isolation led by the regional bloc's heavyweight Saudi Arabia.
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
NZ FinMin Robertson: Economy is opening up and improving
New Zealand’s (NZ) Finance Minister Grant Robertson came out on the wires on Friday, via Reuters, noting that the economy is opening up and improving.
Regulator Asks 5 Firms To Recall Diabetes Drug Over Carcinogen Concerns
The US Food and Drug Administration (FDA) said on Thursday it has recommended five pharmaceutical firms to voluntarily recall their diabetes drug metformin after the agency found high levels of a possible cancer-causing impurity in some versions of the medication.
Green Dot To Launch Mobile Banking For US Immigrants
Welcome Technologies is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services.
Consumer confidence lifts in May but still at record lows - bank survey
Major purchase intentions have improved but over half of respondents expect bad times ahead.
AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment
While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f
Nissan Shares Fall as Turnaround Spending Leads to Massive Loss
Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
Why the national cabinet must brace for the jobless wave
An analysis of the JobKeeper numbers shows how complicated a return to higher levels of employment will be.
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
Tesla CEO Elon Musk gets $700 million in first performance-based payout
Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
USD/CNH: Extra gains need to clear 7.2000 – UOB
According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...
The Idea of India: Crimes Against Migrants
The Idea of India is HuffPost India’s monthly conversation about how we see ourselves as a people and as a nation.
Lautaro Martinez will sign for Barcelona but only once this happens
Lautaro Martinez will sign for Barcelona but only once this happens
Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%
Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…
How coronavirus is reshaping the mobility industry, from EVs to supply chains
The current crisis is first and foremost humanitarian, with 300k casualties to date worldwide and massive joblessness. It is also economic, with almost all companies having financial difficulties and many collapsing. However, a few sectors are currently booming (e.g. deliveries), some will benefit from a crisis-induced tailwind, while others will continue to suffer for years […]
USD/JPY drops to near 2-week lows amid escalating US-China tensions
The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
Yen perks up, dollar sags as markets jittery before Trump speaks on China
TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
Don't open state borders, relax borrowing limits: Chhattisgarh CM to Shah
The telephonic conversation between Baghel and Union Home Minister took place on Thursday
Investors fear cryptocurrency CEO accused of stealing millions could be on the run
A man accused of stealing millions from Bitcoin investors appears to have made a run for it.
EUR/USD: Four reasons for a correction
EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink
NIA files chargesheet in Purnea fake currency case
The National Investigation Agency has filed a chargesheet in connection with a fake currency case, reported at Purnea, Bihar.The case relates to the recovery of fake currency having a total face value of Rs 1,90,500.
Govt moves to halt crude export in natural state - The Nation Nigeria
In its bid to sustain the economy following the COVID-19 pandemic, the Federal Government (FG) is putting plans in motion to implement ways to halt...
Tokyo stocks close lower on US-China tension
TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
COVID-19: ICPC commences investigation into distribution of funds, palliatives
The anti-graft agency, ICPC, says it has commenced investigations into alleged cases of corruption in the management of COVID-19 funds and palliatives.
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
Bitcoin PoS Is the New Coin to Revolutionize the Crypto World
Investing in Bitcoin (BTC) is now expensive, and getting your own through mining is nearly impossible for the average person. However, a new opportunity can be found in Bitcoin PoS.
Capital flows running out of steam as DIIs taper after FPIs
After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
Buhari seeks Senate’s approval for $5.513b external loan
The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....
Former South Korean 'comfort women' leader apologises for 'banking errors'
SEOUL (Reuters) - The former leader of an advocacy group for South Korean victims of Japanese wartime sexual violence on Friday denied allegations of misusing funds meant for the victims but apologised for “banking errors”.
India's lockdown strictest; economic impact to be deeper than other countries: Jefferies
A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report
Ardagh to repay debt as it raises $715m in bond sale
Glass and metal container group led by Paul Coulsen operates facilities in 12 countries
How automated communications can enhance customer engagement & brand loyalty [Sponsored]
Technology can drive dynamic content campaigns, at scale, while marketers embrace a more strategic role. Marketers have long since identified the importance of strategic...
Hostel owner Safestay positive it can welcome back guests under new plans
London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.
Taiwan analog IC firms to post revenue growth in 2020
Taiwan-based analog IC suppliers, pinpointed as among the beneficiaries of US-China trade tensions, are expected to post impressive revenue results for 2020 despite coronavirus headwinds, according to industry sources.
India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
‘Sectors where the fixed costs component is higher will be hit sharply
Tokyo shares snap 4-day winning streak amid U.S.-China tensions
Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…
Foxsemicon to enjoy revenue growth in 2020
Semiconductor equipment maker Foxsemicon Integrated Technology, an affiliate of the Foxconn Group, is expected to post on-year revenue growth in 2020, according to industry sources.
People with serious ailments, pregnant women must avoid travelling on Shramik Special trains: Piyush Goyal
Recent cases of deaths on trains were due to pre-existing medical conditions, says the Railways Minister
Breaking: SC of The Bahamas to Implement Massive Regulatory Changes
The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
Chassis specialist Ju Teng upbeats about 3Q20 orders
Chassis maker Ju Teng International expects the prevailing robust demand from the notebook sector to last into the third quarter of 2020, having experienced strong order pull-ins from clients in the second quarter.
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
Be sympathetic regarding fee payment, consider alternative options: UGC to colleges
Students and parents claim that several colleges and higher education institutes are 'insisting upon immediate payment' of the annual fee and exam fee among other payments.
French carmaker Renault announces 15,000 job cuts worldwide
The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.
Renault to cut 15,000 jobs in US$2.2b cost cutting plan
PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...
Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD
Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average
EUR/USD: The trend is positive but a setback is on the cards
Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-
RBI imposes Rs 4 crore penalty on Citibank; here’s why
The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.
Financial Markets Continue To Rise Despite Dismal Employment Data
The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r
ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up
More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.
Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals
The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi
Kylie Jenner Responds To Forbes’ Claims That She Lied Her Way To Billionaire Status
After Forbes magazine announced that they were removing Kylie Jenner from their list of billionaires and stripped her of the title “World’s
Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with ...
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
This is the Level Chainlink Needs to Surmount to See “Swift Rally” to Fresh Highs
Chainlink (LINK) could soon find itself caught within an uptrend that leads it up to fresh all-time highs if it breaks one key resistance level.
Indian manufacturers hail end to export curbs on paracetamol APIs
India has the capacity to export 4,000 metric tonnes of paracetamol APIs every month
Rajasthan SDO performs last rites of infant
According to officials, the family returned to the village from Mumbai earlier this month, and the girl’s father tested Covid-19 positive on May 23. However, the child, who died of diarrhoea, had tested negative for the virus.
Developers vow to keep building skyscrapers, even as tech firms ditch their offices
Construction projects in Toronto and Vancouver continue as companies embrace working from home
Forbes Magazine Has Revoked Kylie Jenner’s Billionaire Status And Accused Her Of Lying
She's only worth a paltry $900 million.
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
No threat to urban areas from locusts: UN body
India News: Extent of locust invasion in India may spread further and swarms may reach as far as Bihar and Odisha in June-July before they eventually return to R
EXCLUSIVE: Kylie Jenner could face criminal investigation and even JAIL over 'web of lies' surrounding her company's value after Forbes claimed she faked billionaire status, top financial fraud attorney reveals
Kylie Jenner could face a criminal investigation over alleged exaggerations of her company's value, financial fraud attorney Jan Handzlik told DailyMail.com.
Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding
The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).
Airline success is not just about profitability
It's about delivering on shareholder objectives.
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
Pakistani troops shoot down another Indian spy quadcopter
The spy quadcopter was shot down by Pakistani troops in Nekrun sector
Canada's economy shrinks 8.2% in Q1 2020
The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009
Retail sector braces for more pain as PAS Group collapses
Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.
US warns: Huawei 5G package is ‘obsolete by the time its operational’
Countries purchasing Huawei’s 5G wireless technology risk buying into a “China-only” telecommunications industry that lacks access to Western innovations, according to U.S. officials.
Tesla's EV Market Share Is Low And Falling
What have you, the investor, assumed for Tesla’s EV market share? Both globally, and in Europe? You are about to find out the real numbers. Investors who are sh
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
Niti Aayog explains how India can access carbon credits worth $50-60 billion
In India, there has been a long history of farming that is based on traditional and environment-friendly practices. The state of Sikkim became the first-ever organic state in the world and was awarded the UN Future Policy Gold Award, 2018.
No nation has veto power over AfDB, African leaders back Adesina
Former African leaders have thrown their weight behind the embattled President of the African Development Bank, AfDB, Dr. Akinwumi Adesina.
United Airlines cutting 13 top jobs, adding int'l flights in July
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
NPA appoints ex-Scorpion Sipho Ngwema as its new spokesperson
The National Prosecuting Authority has appointed former Scorpions point man Sipho Ngwema as its new spokesperson.
United Airlines cutting 13 top jobs, adding international flights in July
(Reuters) - United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Can this couple support their autistic child throughout her life while hitting retirement goals?
They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax
Major Market Indicators Report June 2020: Downshifting To Neutral
U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing
Has online grocery shopping peaked?
Americans, it turns out, would rather visit a store than buy food online.
Printing machinery maker launches UV system to disinfect everything from keys to shoes, fish, vegetables and even malls
In the wake of COVID-19, the global UV disinfection equipment market is projected to grow from $2.9 billion in 2020 to $5.3 billion by 2025
Roger Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of USD 106.3 million (95.5 million
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis
Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi
Chile, Peru secure credit lines from IMF amid pandemic
The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.
Michel Barnier: UK needs to get real if it wants a Brexit deal
An agreement by the end of the year will be ‘very difficult, but it is possible,’ EU negotiator says.
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Indian economy grew at just 3.1% in January-March quarter, the slowest in 11 years
Output of eight core industries, meanwhile, declined by a whopping 38.1% in April, as against 9% in March.
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
Breaking: US Personal Spending plunged by 13.6% in April
Personal Spending in the United States declined by 13.6 on a monthly basis in April, the data published by the US Bureau of Economic Analysis showed
Minimum Wage Requirement Indicates Hamilton City Council Is Out Of Touch
Responding to Hamilton City Council's move to a minimum wage of $20 per hour for employees of its contractors, the New Zealand Taxpayers’ Union is labelling the decision tone-deaf.
Dam Catastrophes Can Be Prevented
Crumbling infrastructure puts communities at risk. A disaster in Michigan shows what’s at stake.
The 9 Best Cheap Stocks to Fill Up On Now
Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
Waqar Younis Quits Social Media After Hacker Likes Obscene Video From His Twitter Handle
Waqar Younis said he was forced to quit the platform after his account was repeatedly hacked in the past.
Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher
After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this
3 Recent Catalysts For Bitcoin
The first involves Square (SQ), which made recurring Bitcoin purchases available to its Cash App customers. The second news involves Shopify (SHOP), which renew
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
Bulgaria’s Business Proposes a Package of 54 additional Anti-crisis Measures
Bulgaria’s business and syndicates are proposing a package of 54 additional anti-crisis measures to this country’s cabinet.
Sinn Fein leader says she would not justify every action taken by IRA
Mary Lou McDonald said violence had been justified to take on the British State.
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
National Backs Businesses With $10k JobStart
National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced.
Covid-19 impact: India GDP growth slows to 3.1% in March quarter
Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter
China’s First Civil Code Allows Citizens to Inherit Cryptocurrency
The Chinese Parliament has adopted the country’s first Civil Code, which among other things, enables citizens to inherit bitcoin and other cryptocurrencies.
'Only 4 trains out of 3,840 Shramik trains have taken over 72 hours to reach': Railways
Amid a report of Shramik Special train bound to Bihar's Madhubani from Mumbai reaching Odisha’s Rourkela without intimating the passengers about the change in the route, the Railways on Friday clarified that only four out of 3,840 trains have taken over 72 hours to reach their destination.
The Gold/Silver Ratio Begins To Trend Lower
The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve
Why Big Pharma Is Betting on Blockchain
The pandemic has exposed major cracks in medical supply chains.
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
New entry-level Golf revealed with 1.0-litre petrol engine
The change brings the entry price down to £23,300.
GST Council to meet next month; FinMin not for raising rates on non-essential items
Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.
Apple Inc. (NASDAQ:AAPL) is Wade G W & Inc.’s 3rd Largest Position
Wade G W & Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,339 shares of the iPhone maker’s stock after selling 8,544 shares during the quarter. Apple accounts for […]
Synchrony Financial (NYSE:SYF) Position Increased by Commerce Bank
Commerce Bank increased its stake in Synchrony Financial (NYSE:SYF) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,239 shares of the financial services provider’s stock after purchasing an additional 8,709 shares during the period. Commerce Bank’s holdings in […]
Sensex surges 224 points, Nifty reclaims 9,500-mark
Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark.
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
Sinn Fein leader says she would not justify every action taken by IRA
Mary Lou McDonald said violence had been justified to take on the British State.
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo […]
USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump
The USD/CAD pair held on to its softer tone through the early North American session and had a rather muted reaction to the US/Canadian macro data. Th
Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]
Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)
Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Blame it on virus: Future tense for farmers in distress
Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...
Many Eastern Cape schools not ready to reopen - national SGB association
Many of the Eastern Cape's 5 000 schools are not ready to reopen because they have not received adequate personal protective equipment, the provincial chairperson of the National Association of School Governing Bodies says.
-$0.11 Earnings Per Share Expected for LivePerson, Inc. (NASDAQ:LPSN) This Quarter
Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). LivePerson posted earnings of ($0.20) per […]
Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]
The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past
Ed Miliband demands more state support to rescue UK steel sector
Former Labour leader says government should consider taking equity stakes in struggling manufacturers
Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)
Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]
Welcome to the Microsoft economy
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren't.
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report
Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo
McLaren to reportedly cut about 30% of their employees
Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program
Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)
Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis
India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)
Investors, scientists urge IEA head to take bolder climate stance
LONDON (Reuters) - Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation’s reports enable damaging levels of investment in fossil fuels.
40,729 Shares in NMI Holdings Inc (NASDAQ:NMIH) Bought by Trexquant Investment LP
Trexquant Investment LP acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,729 shares of the financial services provider’s stock, valued at approximately $473,000. Trexquant Investment LP owned about 0.06% of NMI at the end of […]
Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)
Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
Madison Wealth Management Buys 1,967 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Madison Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 666.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,262 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com accounts for about 1.8% of Madison Wealth […]
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
Covid-19 to have ‘very significant impact’ on Coillte
The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Blockchain.com Rolls Out Bitcoin Interest Accounts
Blockhcian.com, one of the early crypto wallet platform, has rolled out interest-bearing accounts for deposited digital assets.
GBP/USD hits 2-1/2-week high, around 1.2365 region ahead of Trump
The GBP/USD pair quickly reversed a mid-European session dip to sub-1.2300 level and jumped to the highest level since May 12, around the 1.2365-70 re
Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes
-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo
Deep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
This Deep Dive examines how fraudsters perpetrate cross-channel schemes and how FIs use link analysis and behavioral analysis to detect such crimes.
Planning for major projects at industrial and residential development underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
Sensex, Nifty close higher for third straight session: Key factors behind the share market rally
Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks
New entry-level Golf revealed with 1.0-litre petrol engine
The change brings the entry price down to £23,300.
Mengis Capital Management Inc. Sells 204 Shares of Apple Inc. (NASDAQ:AAPL)
Mengis Capital Management Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,222 shares of the iPhone maker’s stock after selling 204 shares during the period. Apple comprises about 6.7% of Mengis Capital […]
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)
PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]
Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake
There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.
Drop power privatisation plan: Puducherry MP
N. Gokulakrishnan says Centre’s move will affect farmers and the poor
Woman spots wolverine on Washington beach, but authorities refuse to believe her
The officials confirmed that the creature was wolverine after Jennifer Henry shared a picture of the creature captured on the beach.
Bihar's industries minister writes to 24 companies inviting them to invest
Referring to Bihar as a “central location in eastern India”, Rajak said the state's location midway between UP and Bengal makes it suitable as a manufacturing base for markets in eastern UP, Bengal, Jharkhand, Odisha and the Northeast.
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
VAUGHAN, Ont. — CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its greenhouse in Niagara and that it will immediately restart operations.
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]
About 600,000 visitors expected in Cyprus in August
Cypriot Minister of Transport, Communications and Works Yiannis Karousos, said that the country expects to receive about 600,000 passengers in August, noting
Which tech learnings should we keep from lockdown?
The last few months have been a steep learning curve for both IT and business leaders.
GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent
The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO
This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.
Fusion Family Wealth LLC Has $325,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
Fusion Family Wealth LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the iPhone maker’s stock after selling 68 shares during the quarter. Apple makes up […]
First-quarter GDP worst showing since 2009: StatCan
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
Govt unlikely to press for hike in GST rates for non-essentials next month
However it will have to find ways in which essential and non-essential items can be segregated
Nvidia Is Showing Investors It’s More Than Fun and Games
With the tech firm's investments in AI and autonomous innovations, NVDA stock has more catalysts at its disposal.
Should You Invest in Companies Likely to Benefit from the Great Lockdown?
Is this a recipe for disaster, or could you beat the market by aiming to predict the future?
Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trust
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. […]
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20
Output of eight infrastructure sectors contracted by 38.1% in April.
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
KEC International Q4 results: Net profit down 3% to Rs 193 crore
Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.
New survey data reveals that nearly half of patients are forgoing care amid the pandemic
A Kaiser Family Foundation poll revealed that 48% of US patients have either deferred or skipped medical care as a result of the pandemic.
Kathmere Capital Management LLC Purchases 3,849 Shares of Apple Inc. (NASDAQ:AAPL)
Kathmere Capital Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 68.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,509 shares of the iPhone maker’s stock after buying an additional 3,849 shares during the quarter. Apple accounts for 0.9% of […]
The coronavirus could mark the rise of automation
The coronavirus pandemic has caused a massive surge in global unemployment. It has also highlighted the increasingly valuable role of automation in today's world.
No, Luckin Coffee Is Not 'Too Cheap'
LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh
Trump's China Fight Shows Covid-19 Hasn't Changed Oil's World
The pandemic has merely highlighted the market’s pre-existing conditions.
Clean energy is outperforming fossil fuels in America, UK and Europe
Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce
Vande Bharat Mission: Stranded Indians start returning from South America and Africa, Indian Navy reaches Madagascar with supplies
Around 300 Indians returned from far away countries in South America including Mexico, Argentina, Paraguay, Peru, Belize, Guatemala, Honduras, and Portugal.
Almost all firms 'forced to rethink tech priorities'
Global pandemic triggers shift to an almost completely digital working set-up.
Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00
Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]
Apple Inc. (NASDAQ:AAPL) is Canton Hathaway LLC’s 4th Largest Position
Canton Hathaway LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,627 shares of the iPhone maker’s stock after selling 153 shares during the quarter. Apple makes up 2.1% of […]
Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)
Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]
Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)
Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
A quarter of jobs at Belfast International Airport set to be cut
Airport boss warns it will take "years" for air travel to return to normal has he confirms plan to cut 45 jobs.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
Heritage Investors Management Corp Sells 8,501 Shares of Apple Inc. (NASDAQ:AAPL)
Heritage Investors Management Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,454 shares of the iPhone maker’s stock after selling 8,501 shares during the quarter. Apple makes up […]
COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres
He said the pandemic could usher in a loss of USD 8.5 trillion in global output the sharpest contraction since the Great Depression of the 1930s.
Apple Inc. (NASDAQ:AAPL) Shares Acquired by Noesis Capital Mangement Corp
Noesis Capital Mangement Corp lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,412 shares of the iPhone maker’s stock after buying an additional 541 shares during the period. Apple […]
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic view shall be taken to allow taxpayers to make the quarterly payment of TDS under Rule 30(3).
UK pushes alliance to ditch Huawei tech
The UK government is looking at ways to reduce its reliance on Chinese technology, floating ...
Bulgaria Lifts 14-Day Quarantine, It Remains for 8 Countries Only
"We are removing the 14-day quarantine from 1st of June for the arriving Bulgarian and foreign citizens from the European Union, including Serbia and Northern Macedonia. However, for the eight countries in Europe with the highest number of COVID-19 patients, the imposition of a 14-day quarantine will remain, explained Assoc.
Pakistan plans to raise $1.5bn in Eurobonds, officials say
Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With
Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
Zscaler Stock Is Thriving as More People Work From Home
The cloud-based security upstart’s growth is set to accelerate with a little assistance from a nationwide lockdown.
Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet
Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.
Pontardawe-based care recruitment company finds 100 extra staff in 10 weeks
One care manager stated that the without the National Bank of Medical & Care Professionals they would have been 'up a creek without a paddle'
Ifac advises Tipperary farmers about new TAMS 11 closing date
Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...
Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks
The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).
Volkswagen says next-gen Amarok will be 'adapted' from new Ford Ranger
Volkswagen says it will create the second-generation Amarok by “adapting” Ford’s upcoming new Ranger bakkie.
CWB Financial reports Q2 profit down as provisions for credit losses soar
EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Ottawa’s increase to the expected cost of emergency relief program indicates more workers will remain unemployed
The delayed launch of the wage subsidy program, combined with restrictions and complexities in the application criteria, contributed to employers’ reluctance to make use of the initiative
Formula One: Williams considering selling team after suffering over $15 million in losses
After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.
World's largest all-electric plane completes its maiden flight
The modified Cessna flew for 30 minutes over Washington state in the US
3 Reasons to Buy Microsoft on the Next Dip
Microsoft stock is trying to make new highs, as bulls continue to bid the stock higher. Here are a few reasons to still like MSFT.
Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:
'Travel only if essential': Railways appeals to passengers as coronavirus spreads
The appeal from Indian Railways comes days after nine people reportedly died on-board Shramik Special trains being run for ferrying stranded migrants in parts of the country in the wake of coronavirus-induced lockdown
We need to plan for the next round of NPAs
The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Apple tops wearables Q1 growth, but wristbands, hearables lead the segment
The International Data Corporation (IDC) report says smartwatches and basic ones registered a decline in growth, which was offset by wristbands and hearables.
Knoxville house damaged after suspected generator fire
Rural Metro Fire said crews responded to a house fire on Midway Road just after midnight Friday.
Foreign returnee, another test positive in Mysuru
A foreign returnee and an inter-State traveller tested positive to COVID-19 in Mysuru on Friday.This is the first case of an international traveller contracting the disease on return to Mysuru.The 28-
Covid-19 Reinforced Our Coffee Addiction
JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic.
How we helped Nigerian govt discover unremitted $55b from OICs — Trobell
Trobell International Limited, said it helped the Nigerian govt. recover over $55 billion in unpaid royalties from international oil companies
Buy Foot Locker For 50% Upside as the Economy Reopens
Beaten and bruised FL stock is ready to rip higher as the U.S. economy reopens and rebounds in the coming months. Foot Locker has 50% upside.
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
MDEC: Online business set to stay post-Covid-19
KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...
Market LIVE: Sensex ends 600 pts up from day’s low, Nifty settles at 9,568; HDFC, ITC among top contributors
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 turned positive in the late afternoon deals on Friday. Nifty 50 index reclaimed 9,500-mark to trade at 9,521
USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply
The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m
Aer Lingus to deploy controlled boarding and contactless passes
Passengers and crew must already wear face masks
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
The Weather Today - May 29th
The clouds today will be significant, in the afternoon and until midnight - cumulus and cumulonimbus. In many places there will be short-term, in some areas intense, rainfall with thunder.
Statistics Canada expected to report GDP down nine per cent in March
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.
HEC Paris in Qatar to run online information session
HEC Paris, will be running an online information session about its degree programs on Wednesday, June 3, from 4pm to 5pm, Qatar time. During this session, prospective participants can meet HEC Paris in Qatar admissions team remotely to learn more about accelerating their career path by studying in one of the world’s most prestigious business schools.
IMD issues orange alert for Idduki, predicts very heavy rainfall in 48 hrs
Rains lashed Chandigarh and its surrounding areas on Friday, leading to a drop in temperatures by a few notches and bringing much-needed relief from the heat
COP26 climate talks in Glasgow to take place next year in Nov 2021, UN confirms
The development comes two days after the EU unveiled the EUR 750 billion green stimulus plan to shore up the sagging economy due to the pandemic while also making sure that the 27-nation trading bloc achieves climate neutrality by 2050.
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
Only 8 Newly Infected with COVID-19 in Bulgaria on May 29
Only 8 new cases of coronavirus were proven for the day, 3 of them were admitted to hospital. They were found in the districts of Sofia (5 cases), Vidin (1 case), Pazardzhik (2 cases).
CannTrust back in business
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
VMware CEO After Storming Quarter: “Tech is Stronger than GDP”
VMware CEO: "Tech is stronger than GDP, and software and cloud is stronger than tech."
GBP/USD: The pound is set to see losses amid geopolitical strains
GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month
Huawei edges ahead of Apple’s iPad in the falling Chinese tablet market
The Chinese tablet market has been seeing a decline overall during the first quarter of 2020. But despite the slump in the market, the Chinese vendor, Huawei has managed to edge ahead of Apple’s iPad in the same segment. Earlier this year, the Coronavirus pandemic had initially broken out in China. This caused various complications …
As lockdowns ease, a Bronx nail salon plans a careful reopening
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why
Bitcoin has been on an impressive rally over the past two months.
Sanofi's head of vaccines leaves for smaller competitor Ipsen
PARIS (Reuters) - Sanofi’s head of vaccines David Loew will quit to become chief executive of Ipsen from July 1, the two French drugmakers said on Friday.
Shamika Ravi plagiarism row: ISB says economist 'not permanent faculty'; Brookings pulls 2019 paper from website
Two days after the Indian Express withdrew a piece by economist Shamika Ravi over allegations of plagiarism, the Indian School of Business took to Twitter to state that Ravi was not a permanent faculty at the institute, but rather an adjunct faculty who
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic
Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.
Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers
The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.
US taxpayers' virus relief went to firms that avoided taxes
Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.
Discounted Alibaba Stock Is a Tempting Buy Now
Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
Beginners Guide to Proton Chain: A Bridge to Traditional Banking
Proton started as a joint venture between two separate companies, Metal, and Lynx. Both companies had a similar vision of bringing cryptocurrencies to everyday consumers.
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.
UP signs MoUs with industry bodies to create 1.1 million jobs for migrants
The migrant workers will lay the foundation of New UP, says CM Adityanath
GST Council may find it difficult to raise GST rates
It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April
Five Things You Need to Know to Start Your Day
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Nearly 1.5m payment holidays handed out by banks and lenders
UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.
Crude oil prices fall but remains set for biggest monthly gain in years
US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.
Will Zimbocash Succeed Where Others Failed As Alternative Currency?
Zimbabwe’s crypto community got lit up when it was reported that Zimbocash, a local cryptocurrency was listed on Bithumb. Whether Zimbocash will suceed.
Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]
Avoid GE Stock? Depends if You’re Trading or Investing
General Electric may not make for a great investment, but GE stock it has some upside and a well-established bottom.
Toyota now offers fully online car buying service
Buyers can build and pay for a new car online, even arranging a finance package.
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now (GOOG, GOOGL)
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
Looking for ECB to expand PEPP by €500 billion – TD Securities
Previewing the European Central Bank's monetary policy meeting next week on June 4th, "the focus of the June meeting will likely be the expansion of t
Romanian Pickers Arrive in Private Jet to Save Italy Vineyard
Italy's vines have not stopped growing during the country's long coronavirus lockdown, but without their usual foreign grape-pickers, winemakers are now fearing for their harvests.
Private buses in Mangaluru to introduce Chalo Card
It gives passengers an option to pay travel fares through smart card
Stifel Financial Corp.: A New 6.125% Preferred Stock IPO Trading At A 4.50% Premium
Stifel Financial Corp.'s new preferred stock, SF-C, is trading above its PAR, having a YTW of 5.12%. Company's leverage and liabilities' payments look solid. SF
Seeks RBI intervention over interest rate cuts
Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...
After IMD revises forecast, southwest monsoon to hit Kerala on June 1
Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
COVID-19: FairPrice Group, WhyQ launch zero-commission islandwide food delivery platform
SINGAPORE: FairPrice Group and food delivery start-up WhyQ have launched a new digital platform offering islandwide food delivery at zero ...
Pier 1's 'awful day' arrives with judge approving liquidation
The end is near for Pier 1 Imports Inc.
Delta Stock Could Lead an Airline Rally
DAL stock could be one of the stars of an airline resurgence, but it's still a long-term play because the industry needs time to rebound.
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
Crushing It: Splunk's Strong Fundamentals Drive Stock Higher
Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license
GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled
Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11
MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
Michael Gove's Twitter account 'likes' graphic porn image before deleting it
Twitter users spotted the unusual activity from the Cabinet minister's account before the 'like' was swiftly deleted.
Street vendors want to resume business
With their livelihood affected in the past two months due to the COVID-19 lockdown, street vendors in the Erode Corporation limits has urged the officials to permit them to resume their businesses. In
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
Tesla: Elon Musk qualifies for $770 million compensation
May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.
New jobs dry up amid shutdown
New job postings nosedived 87 percent year-on-year in April on the leading job search sites in Bangladesh, highlighting the strain the country’s labour market has been going through because of the
Why Macy’s Stock Can Climb 70% Higher in 2020
Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats
Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Rajasthan farmers, officials in night-long fight against locusts
In Garh, swarms perched on trees were eliminated
Valuation to resume on June 1
Evaluation of answer scripts of SSLC, HSE, VHSE exams
Alibaba Stock Bulls Shouldn’t Sweat Delisting
A new hurdle for Alibaba stock is a push to delist Chinese stocks over strict accounting rules, but long-term investors should be fine.
U.S. Treasury unveils rules for carbon capture tax credits
WASHINGTON (Reuters) - The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.
Go read this Forbes investigation alleging Kylie Jenner isn’t actually a billionaire
Kylie Jenner was perhaps not the youngest self-made billionaire ever, Forbes suggests
Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?
The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
Your Saturday weather: An upturn in temperature after a gloomy week
Fine and cool conditions can be expected for most of the country on after days of cold weather, according to the South African Weather Service.
Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada
Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.
Four-hour limit on MPs to review pandemic spending ‘unfortunate, to say the least,’ PBO says
‘The amount of scrutiny for this unprecedented spending would also be unprecedented, but for the wrong reasons,’ Yves Giroux told MPs Friday
Tullow Oil says 58 workers test positive for COVID-19 offshore Ghana
ACCRA — Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday.
Downtown shows resiliency
Coming off record attendance at public events in 2019, the Downtown Vernon Association has faced unexpected challenges – as has the rest of the world – in 2020.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
Debate over extending $600 in jobless aid in United States
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden reported its gross domestic product grew at an annual rate of 0.4 percent from January through March, perhaps as a result of not imposing a full lockdown.
RYB Education Inc (RYB) CEO Yanlai Shi on Q1 2020 Results - Earnings Call Transcript
RYB Education Inc (NYSE:RYB) Q1 2020 Results Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Serena Xue - Investor Relations Yanlai Shi -
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
Six more cases in Thrissur; 11,525 under observation
A 61-year-old man from Mathilakam who returned from Doha on May 9, a 42-year-old woman from Mathilakam who returned from Abu Dhabi on May 7, and four members of a family who came from Chennai were tes
Sonoma Pharmaceuticals News: SNOA Stock Skyrockets 117% on COVID-19 Disinfectant
Sonoma Pharmaceuticals (SNOA) is in the news Friday after approval for a disinfectant of the novel coronavirus sent SNOA stock skyrocketing.
Pier 1’s ‘Awful Day’ Arrives With Judge Approving Liquidation
The end is near for Pier 1 Imports Inc.
Big Tech goes on pandemic M&A spree despite political backlash
Rate of dealmaking by Alphabet, Amazon, Apple, et al is highest since 2015
Department of Agriculture issue Status Red forest fire warning
The Department of Agriculture has issued a Status Red forest fire warning that will remain in place across the June Bank Holiday weekend
Coronavirus in Ballarat: Real estate sales in rural areas increase
"Perhaps there will be an uptick in demand for those kinds of properties as people look to have a bit more land around them"
FDI inflows from Caymans triple
FDI inflows from Singapore fell to $14.7 bn in FY20 from $16.2 bn in the previous year, but held on to its No.1 ranking
Stocks tumble as Wall Street awaits Trump’s China salvo
US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4
Italian magistrates target Uber Italia over alleged rider exploitation: sources
MILAN (Reuters) - Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday.
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
3 questions SMBs should ask to maximize their COVID-19 Google Ads credit
Your business got a Google Ads credit to spend this year, now what? Before you spend it, consider these questions first.
Why Virgin Galactic Is Still Dreaming of Space Travel
Although the markets are turning positive, several fundamental factors are conspiring against Virgin Galactic.
Woody Allen says it became ‘fashionable’ for actors to condemn him: ‘Like eating kale’
Woody Allen continues to fend off criticism about his past and is sending a message to actors persistent in denouncing him.
Fire in Ahmedabad building; man jumps off 4th floor, dies
As many as 30 persons had to be rescued from Sakar-7 building, where a fire broke out in a wire duct on the ground floor, while many others managed to come out safely by themselves despite the presence of thick smoke, a fire brigade official said.
Olympus' (OCPNF) Management on Q4 2020 Results - Earnings Call Transcript
Olympus Corporation (OTC:OCPNF) Q4 2020 Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Chikashi Takeda – Chief Financial Officer Akihiro
Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says
Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...
COLUMN: For real leadership amid crisis, look west of Scott Road
Delta council, under direction of Mayor George Harvie, defines leadership during pandemic
GDP Growth Rate In FY20 Better Than Expected At 4.2 Per Cent; 4th Quarter Growth Rate Plummets To 3.1 Per Cent
As per the data released by the government, India reported a better than expected growth of 4.2 per cent in FY20, reports India Today. Although the figure marks the lowest growth rate in 11 years, the performance is higher than what many experts had forecast.
US Pres. Trump reportedly won't announce additional tariffs on China
According to several news outlets, US President Donald Trump won't announce any changes to the Phase-one trade deal with China. Trump is not expected
Americans Turned Less Gloomy About The Economy in May
Current conditions look better than they did a month ago but the outlook for the future is grimmer. |
Delhi HC seeks RBI’s reply on expired cheque due to covid-19
The case of the petitioner was that he is aggrieved by the act of bank in refusing to honour a cheque dated 16 January 2020 for an amount of Rs.10 lakhs on the ground of instrument being staled
No time limit for bringing back workers: Yogi
The state is “resolved to get back all its workers safely, respectfully and free of cost and there is no time limit to this exercise”, Adityanath said at a meeting held to sign memorandums of understanding with industry bodies
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
SGPDA not to hand over fish market construction work to fisheries dept
NT NETWORK Margao The chairman of South Goa Planning and Development Authority (SGPDA) Wilfred D’Sa informed that a collective decision has
The White House's coronavirus postcards cost the struggling Post Office $28 million
It's yet another complication for President Trump's strained relationship with the federal agency, which receives no taxpayer funding.
U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Become Slightly More Risk Seeking During The Week
For the thirteenth consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs). Fund investors were
Bio-Rad: A Very Interesting Short-Term Investment Thanks To Gains On Sartorius Holding
Bio-Rad's 2 Core business divisions: Life Sciences and Clinical Diagnostics posted so-so results in Q120 delivering net profits of $74m. Although both divisions
3 Reasons to Still Trust High-Flying Wayfair
The economy is just turning around, which would benefit the online furniture retailer.
Despite Catalysts, Penn Stock Remains a Sell
There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.
Independent schools to overtake Catholic system as second-biggest sector in NSW
Independently-run schools are the fastest-growing sector in NSW, thanks in part to a boom in Islamic colleges.
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
Chile, Peru secure credit lines from IMF amid pandemic
(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
Meet Monero: A Privacy Cryptocurrency Offering Real Anonymity Advances
While there remains a misconception cryptocurrencies like Bitcoin and Litecoin are anonymous, the truth is transactions on these networks can be – and often are – linked to real identities. Understandably, some cryptocurrency users have come to desire stronger privacy guarantees, and this demand has…
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
India quarterly growth worst in two decades as lockdown bites
MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...
Amazon Doesn't See Demand Slowing Anytime Soon
It still has capacity constraints in its warehouses.
Marathon Oil: A Strong Balance Might Not Be Enough
Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Cryptocurrency Exchange & Custodian Gemini Announces New Partnership With Samsung
Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, announced on Thursday it is collaborating with Samsung Electronics to power the Sam
Uber-Grubhub deal hinges on breakup fee after narrowing price gap
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: P Chidambaram
"Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only 7 days," the former finance minister said.
RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank
The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.
Stripped of billionaire status
Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.
ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore
The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.
Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock
MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]
Crisis growing as GDP data signals weakening demand, growth impulses
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Fors and against investing in cryptocurrency you need to be aware of
Investing in cryptocurrency seems to be a major risk for some. The article outweighs the pros and cons of investing in cryptocurrency
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Lauderhill residents near sewage main break can resume normal water use
LAUDERHILL, FLA. (WSVN) - Lauderhill residents previously told to limit their water usage after a sewage main break can now resume their normal usage. City...
EUR/USD: Outside overbought territory bulls will keep at the helm
Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.
Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.
Independent schools to overtake Catholic system as second-biggest sector in NSW
Independently-run schools are the fastest-growing sector in NSW, thanks in part to a boom in Islamic colleges.
Minimum Wage Hikes And Handouts -Sounds Like Labour
“It sounds like Labour, is what I’m already hearing about National’s promise to raise the minimum wage regularly while handing out money to businesses,” according to ACT Leader David Seymour
Nick Vile Joins Executive Leadership Team Under Realignment To Promote More Seamless Delivery
oOh!media today announced that Nick Vile, General Manager of its New Zealand operations, has been elevated to the company’s Executive Leadership Team (ELT) as part of a realignment to promote greater cohesion and integration across the business.
IMD revises forecast, southwest monsoon to hit Kerala on June 1
Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
Singapore-China to open essential travel corridor in early June
SINGAPORE (Reuters) - Singapore and China plan to reopen essential travel for business and official purposes between the two countries early next month, they said in a joint statement on Friday.
Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)
Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]
It Looks as If American Airlines Stock Is Set for a Big Return Next Year
American Airlines Will Fly with lower capacity but first must wait for passenger traffic levels increasing
USD/CAD rebounds from multi-month lows, trades above 1.3770
The USD/CAD pair dropped to its lowest level since early March at 1.3713 during the early trading hours of the American before staging a decisive reco
Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade
Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.
Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat
Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.
Southwest Is a Much Better Pick Now Than American Airlines Stock
Investors looking to play the rebound in airline stocks should pass up AAL stock because the firm's shaky finances will hurt its recovery.
Covid-19 rise in video calling inspires TSB Virtual Bank
TSB Virtual Bank has launched today giving New Zealanders based anywhere in the country an online branch where they can discuss their home lending needs via video call, join the Bank and open accounts.
Crep Protect Releases Video to Spread Social Distancing Message
Filmed on the empty streets of London.
Real-time payments are seeing rapid uptake during the pandemic
The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Could First Solar Be a Millionaire-Maker Stock?
It's a great company, but is it a great stock?
Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
Nissan settles dispute with Tamil Nadu government over unpaid dues of Rs 5000 crore: Report
The Japanese auto major was to receive between Rs 1400 crore (USD 185 million) and Rs 1800 crore (USD 238 million) as per the settlement, said the report.
Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock
An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.
India quarterly growth worst in two decades as lockdown bites
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting
Enterprise became America's largest car rental by hiring 'amiable jocks' straight out of college, and it might help it survive the car rental apocalypse
As other car rental companies begin to bite the dust, Enterprise's unique hiring strategy may allow it navigate unprecedented challenges facing the industry.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.
Emerging trends in warehousing segment post Covid-19 lockdown
At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.
3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame
MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and
IOI Properties’ Q3 profit falls due to Covid-19 pandemic
KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...
Rivers community reacts as NCDC orders shutdown for 21 days
The people of Asari-Toru Local Government Area, ASALGA received the directive of the Nigeria Centre For Disease Control,(NCDC) to shut down for 21 days following the sudden demise of the executive chairman of Area, Odiari Princewill, who was said to have died from coronavirus with mixed feeling.
Gold Price News and Forecast: XAU/USD at yesterday’s high [Video]
The outlook for gold remains on a knife edge. Following the rebound from $1693 on Wednesday the market has rallied back into the resistance around the
ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
Bulgarians Amongs the Citizens with the Biggest Financial Lost amid Pandemic
The citizens of Hungary, Bulgaria, Italy, Greece and Spain suffered biggest financial loss amidst the coronavirus pandemic.
Volkswagen invests US$2.2b in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Nutanix: Strong Subscription Revenue Proves Bull Thesis
Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
Ford's Mustang Mach-E will give Tesla a run for its money, plus the Bronco and F-150 will get fans excited again
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
Retail inflation for industrial workers eases to 5.45% in April: Labour ministry data
Lauding the efforts of the Labour Bureau which collects and released Consumer Price Index-Industrial Workers (CPI-IW), Labour Minister Santosh Gangwar said the 'cost of living index' data collection and release by the bureau in these difficult times during the lockdown is commendable and would go a long way to help in policy making in the country.
UK Sought 'New Entrants' in 5G Networks Amid Huawei Approval, US-China Trade Tensions - Downing Street
The news comes after unconfirmed reports in UK media cited anonymous sources in Whitehall, who said the government may phase out the Chinese tech giant's role in...
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
7 Stocks to Buy to Ride the Vegan Wave
Plant-based foods have become big business in America. And these food stocks to buy show that America is crazy about meatless alternatives.
"Bleak and depressing reading” - Figures highlight retail sector lockdown woes
The latest national retail figures make for “very bleak and depressing reading” as the effect...
Selling My Uber To Get More Uber
A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D
THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market
This report looks at the state of online grocery adoption before the shopping method became vital to many consumers amid the pandemic.
GBP/USD: New month, new falls amid a never ending Brexit story
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
British American Tobacco contests South African lockdown ban
British American Tobacco South Africa says a continued ban on legal cigarette sales threatens the sector and the livelihoods it supports
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Independent schools to overtake Catholic system as second-biggest sector in NSW
Independently-run schools are the fastest-growing sector in NSW, thanks in part to a boom in Islamic colleges.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
Bonfire of dead rules to drive Australia's recovery
Over-regulation risks a "meandering" economy that will struggle to re-employ Australians who have lost their jobs.
Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?
From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Covid-19 could Lead to Loss of $ 8500 Billion in Global Output: Secretary General -
United Nations chief Antonio Guterres has warned that the Covid-19 pandemic may cause unimaginable catastrophe and may lead to severe
We'll All Be Renting a Local Airbnb This Summer
Yes, people are itching to travel, but their first holidays are likely to be close to home.
India using public digital infra to achieve economic goals at home, connect globally: Jawed Ashraf
India's High Commissioner to Singapore Jawed Ashraf further noted that building digital connectivity and partnerships with Singapore and ASEAN countries, is a priority for India and highlighted how technology has been used effectively to achieve public policy goals in the country during COVID-19 disruptions.
Worley to provide EPC services for consumer-plastics-to-BTX plant in U.S.
Worley (North Sydney, Australia) will provide engineering, procurement, and construction (EPC) services for Encina’s (Houston) consumer-plastics-to benzene
Wellness company to create 100 jobs with Cork City plant
Doterra’s European manufacturing HQ will be located in the northern suburbs of the city
ASB Quarterly Economic Forecast: Fast and furious
New Zealand is emerging out of lockdown into a very different world to the one we all heralded in at the start of the year, and although for us the health crisis may be easing, the economic one is only just starting.
Capital Iron building part of 6.7 acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Budget deficit hits $40b and still rising
The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.
Renault to restructure factories, confirms 15,000 job cuts
News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Energy Transfer: Showing The Strength Of The Midstream Model
Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies
Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.
French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs
Top official admits that manufacturer had been spending way too much, plans 10% job cuts
Poland: NBP surprising cut leaves room for the zloty to weaken – TDS
The NBP has again surprised the consensus by cutting rates by 40bps to 0.1%, economists at TD Securities apprise. EUR/PLN trades at 4.4563 after risin
Letters May 29: Play nice; think of others; WorkSafe investing
Amid the pandemic, please play nice The COVID-19 pandemic has resulted in people being grumpy, rude and downright nasty. Drivers run red lights and stop signs, people in stores get all upset if . . .
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
Strict safety measures in place for staff and shoppers: Supermarkets
Supermarkets and wet markets have emerged as potential hot spots in the effort to curb the spread of Covid-19 as several people who tested positive for the virus over the past week had visited these places for 30 minutes or more, according to the authorities. The Ministry...
GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report
COVID-19: AMCON seeks aviation sector bailout - Premium Times Nigeria
The Asset Management Corporation of Nigeria (AMCON) has asked the federal government to bailout the aviation sector...........
Renault announces nearly 15,000 job losses worldwide
Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD
Appoints French IT services firm's COO Thierry Delaporte for its top post
How private equity is a risky play for the economy and jobs
Beyond the stock market and big banks, one of the biggest players in the economy operates with no regulation and an often-destructive track record.
WTI struggles to cheer USD weakness, drops 1.40% in Asia
WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
Pandemic puts 86m children at risk of poverty: study
Save the Children and Unicef say nearly two-thirds of affected children live in sub-Saharan Africa, South Asia
Delayed deliveries from Sephora upset customers
The thrill that came after scoring bargains at Sephora's biannual Beauty Pass Sale that took place from May 5 to 7 turned to frustration for some, after their orders were delayed. More than 35 customers who purchased items from the beauty retailer during the sale, which was...
Capital Iron building part of 6.7-acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Job security of migrant workers depends on employers, economy
The job security of migrant workers who return to work after quarantine will depend on their employers and the state of the economy, said National Development Minister Lawrence Wong yesterday. He was responding to a question from a reporter who noted that migrant workers,...
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2029 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
Exclusive: Inside multi-billion naira ‘fraud’, contract racketeering in PTI
AUDU Oshiokhamele, Chairman of PENGASSAN Effurun branch, has accused Professor Sunny Iyuke, the Chief Executive of the PTI of a N5.8bn fraud.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.
Gold: Strongly rejected at $1727.37
The trend on the hourly chart below is still firmly down. This current wave higher could be the next lower high and there could be some signs of a rej
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
Renault to cut 15,000 jobs
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
China-led AIIB approves $750-million loan for PH's virus response
The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households
French carmaker Renault announces 15,000 job cuts worldwide
PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
VW spending $2.2B to expand in China’s electric car market
Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.
Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant
Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense
True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
10 things you need to know before the opening bell
This is what traders are talking about.
Germans cook more in coronavirus crisis, turn away from junk food
HAMBURG (Reuters) - Many Germans cooked more meals themselves during the coronavirus crisis and also used more fresh ingredients rather than processed foods, the food and agriculture ministry said on Friday.
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
7 5G Stocks to Buy for the Future of Telecom
Sure, many investors are still obsessing over the coronavirus, but it's time to invest in the future. That's why these 5G stocks are buys now.
Wall Street Breakfast: U.S.-China Tension Ratchets Up
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted
Learning From The Ups And Downs Of The Stock Market
Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
This telco stock has doubled in two months; eyes fresh highs
Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year
Healthcare facilities see 80% fall in revenue: Survey
The Covid-19 pandemic has left the Indian private healthcare sector in acute financial distress, a new survey said on Friday adding that the healthcare facilities in the country have witnessed at least 80 per cent fall in average revenue.
Vodafone Idea dismisses report of Google buying stake
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
AMD Stock May Look Weak, but There’s Still Lots of Opportunity
It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.
Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ
Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank
South African Airways administrators seek more time for rescue plan
If the delay in publication is approved, they will start those talks on June 1, they said in the letter, dated May 28.
World coronavirus dispatch: The UK-NZ-Germany success, and Korea's haste
From carmaker Renault laying off 14,600 people, to S&P's downgrading Rolls-Royce to junk, and the third type of coronavirus transmission - read these and more in today's world dispatch
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
ICYMI: You will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS
The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages acknowledging receipt of funds.
In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality
Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.
Trafford Council lends Manchester Airport nearly £13m as part of major loan package
Concerns have previously been expressed about the authority's level of borrowing by its own councillors
Zoom Stock Is the Tesla of Video Communications
If you think Zoom Video Communications is overvalued, has no moat, and has security issues, just remember that these are all issues Tesla had to overcome as well to deliver amazing shareholder returns.
First Horizon National: A 6.5% Yield Your Portfolio Should Have
First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo
Google Makes Sharing Plus Codes Easier in a Push To Simplify Addressing System Globally
Two years ago, Google open-sourced Plus Codes, a digital addressing system to help billions of people navigate to places that don't have clear addresses. The company said this week it is making it easier for anyone with an Android device to share its rendition of an address -- a six-digit alphanumer...
GSMA, O-RAN Alliance join-up as operators tipped to jump on tech
The GSMA and O-RAN Alliance became the latest organisations to announce joint efforts to help ...
Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening
The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan
Viettel selects Digital Virgo for carrier billing
Vietnam-headquartered Viettel Group signed a global deal with Digital Virgo to deploy its direct carrier ...
Amazon in talks for new Dublin office even as virus hits
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
Heralding a new era for agriculture
While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge
Norway plans $369 million green industry investments
OSLO (Reuters) - The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping
Work and wellbeing bounce back during coronavirus crisis
Government measures to arrest the economic impact of COVID-19 have helped stop further job losses and declines in working hours, new analysis from The Australian National University (ANU) shows.
Russia says Libya ceasefire in tatters, situation deteriorating: agencies
MOSCOW (Reuters) - Russia’s foreign ministry said on Friday the situation in Libya was continuing to deteriorate and that a ceasefire there was in tatters, the RIA news agency reported.
Apple’s Deirdre O’Brien in Top Five of Inaugural ‘Queer 50’ Business Leaders List
Apple's VP Deidre O'Brien was named at number of five in Fast Company's first-ever 'Queer 50' list - the highest-ranked tech exec.
Expect demand to start picking up post Diwali: Nitin Jain
‘We have to ensure that the companies in this period are able to sustain themselves
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss
Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
Two-Mile-Borris' Blackcastle Farm sausages for Aldi from this Sunday
The amazing 1% fat beef sausages will be on sale from this Sunday for a week as part of Aldi Grow project
One of the world's oldest bottle of Cognac sells for over €130,000
The bottle, known as "Grand Frere", was produced in 1762 by Maison Gautier in France.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Uber Says AB5 Could Cost 158,000 Drivers Their Jobs
If Uber is forced to classify drivers in California as employees, 158,000 will be out of work, the company said. Passengers could see prices rise by 120 percent.
Core sector output contracts 38% in April owing to stalled economic activity
In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
Aquaculture industry set to be a boon for Northern Australian economy
Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
Really Australia, it's not that hard: 10 reasons why renewable energy is the future
Australia's latest greenhouse gas figures released today show national emissions fell slightly last year. This was by no means an economy-wide effort—solar and wind energy did most of the heavy lifting.
Tractor used to rescue pony from ditch
The pony was handed over to a vet
Apple retains top spot in the wearables market in Q1
A new report suggests Apple shipped over 21 million wearables units in Q1, giving it a 29.3% market share.
Hearo.Live: Going Virtual With Live Events
Hearo built an app to capitalize on the growth in eSports. It's now raising capital from people wanting to invest in Hearo.Live.
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
Use of public transport likely to dip for 6 mnths post lockdown: CSE survey
Within six months after the lockdown, metro ridership will decline from 37% in pre-lockdown period to 16%, the CSE said.
Punjab Private Schools allowed to open Administrative Offices
All Private Schools of Punjab will be allowed to open their Administrative Offices on Monday & Tuesday of each week in June 2020 with standard operating procedures (SOPs).
AUD/USD trades at fresh session highs near 0.6660 ahead of key US data
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
Lockdown 4.0 May Be Last Of Its Kind; Economic Revival Is Now Everybody’s Priority
We should see June as the transition month for a changeover from Lockdown 4.0 to Revival 1.0.
EU's Greenhouse Gas Emissions Continue To Fall As Coal Ditched
An anonymous reader quotes a report from The Guardian: Greenhouse gas emissions in the EU continued their fall in 2018, the latest year for which comprehensive data is available, according to a new report from Europe's environment watchdog. Emissions fell by 2.1% compared with 2017, to a level 23% l...
Got $3,000? Here Are 3 Great Biotech Stocks to Buy Right Now
One big biotech and two small biotechs especially stand out as attractive picks.
CWB reports Q2 profit down as provisions for credit losses soar
CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Renault to cut 15,000 jobs, save RM9.7 billion by 2024
Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
New Otago Community Trust Chair Appointed
Otago Community Trust has today announced the appointment of John Wilson as its new chair. John takes over the Trust’s chair role from Ross McRobie effective from 1 June 2020. Ross will remain on the board of Otago Community Trust as a trustee until such time that the Minister of Finance makes the new trustee appointments.
Rare Red forest fire warning issued
The forest service has issued a rare Red forest fire warning as high temperatures and dry weather look set to persist into the weekend.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
Singapore says Malaysia wants further deferral of joint rail project
SINGAPORE (Reuters) - Singapore said on Friday it was reviewing a request by neighbouring Malaysia to further suspend a high speed rail project set to link the city-state to Malaysia’s capital Kuala Lumpur.
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C
Deep Dive: Offering An End-To-End Experience Through ATMs
This Deep Dive explores the latest ATM banking innovations and credit unions' redefined roles as COVID-19 restrictions alter their relationships with members.
Funds recommend keeping equity allocations on hold at 7-month low: Poll
Asset managers were almost evenly split on whether this year's lows for key indexes would be revisited.
Asia’s pension reforms call for a multi-pillar approach
As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.
Elastic: Attractive Expansion Around Its Core Competencies
Elastic is leveraging its core competence in IaaS search technology to expand into the fast-growing cloud security and APM markets. It also continues to maintai
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt
Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot
Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.
Wheelbarrow agents ferry food to the needy
More than 186 wheelbarrow agents ensured recipients got their food parcels delivered to their door. Wheelbarrows are now seen as an essential service item as they play a huge role in aiding with food distribution.
Inertia and the power grid: A guide without the spin
The power grid is evolving to include ever-higher levels of wind and solar generation—which do not provide inertia, historically a key source of grid reliability. Should system planners and operators ...
Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%
Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Citi indicator sees 70% chance of market losses from here
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Output of eight infrastructure sectors contracts by 38.1% in April
During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively
Janhvi Kapoor or Khushi Kapoor: Who rocked the checkered pants look better?
Janhvi Kapoor and Khushi Kapoor are one of the most adored siblings in Bollywood. The sisters are currently under quarantine with their father Boney K
Magic Leap CEO to step down
Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...
Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays
CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.
Williams set to sell Formula One team following financial losses
Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...
RBI imposes monetary penalty on 4 banks
The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat
Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan
Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
EUR/USD: ECB and a packed US data could wane the optimism
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re
Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]
Mrs Browns Boys Eilish O'Carroll admits she's feeling very down during lockdown
The actress who's known for playing Winnie McGoogan in the hit RTE show admitted to feeling low during lockdown.
Foreign Exchange Reserves Soar To Record High Of $490.04 Billion
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
Satellite images show mid-May activity at Chinese base
Satellite images analysed by India Today's Open Source Intelligence Team (OSINT) show movement of large vehicles at the Chinese post in Aksai Chin, the part of Ladakh region occupied by Beijing since the 1962 conflict with India.
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading
Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.
Instacart’s tip-baiting system is short-changing shoppers, senators say
Congress wants regulators to get involved.
PAC queries UGX 573m payment of vehicle for Internal Affairs Minister
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee- PAC central government are investigating an advance payment of the official vehicle for the Minister of Internal Affairs. The committee chaired by Budadiri West MP Nathan Nandala Mafabi was on Friday meeting officials from Ministry of Internal Affairs led by the …
Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford
Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
What's your preference? Chai or Coffee: Rahane asks fans
Off the field News: Is Ajinkya Rahane a tea person or does he prefer coffee more? India's Test vice-captain has left that question unanswered but on Friday, the ace batsm
Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript
ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
GetSwift: A Smart Bet On The Post-Corona Delivery Revolution
GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin
These are the new rules all KFC customers must now follow for their fried chicken fix
"See you on the other side of the perspex screen"
Diane Dodds says north faces 'long, hard road to recovery'
Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.
New York Community Bancorp: Nice Little Trade
While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State
Forbes: Russia's new assault ship might look familiar to French Mistral
Project 23900, set to be developed in the occupied Crimea, is a "clone" of the French Mistral design.
Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
Etsy: A Niche E-Commerce Poised For Growth
Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t
Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?
China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.
Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic
In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.
India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
Debate over USD 600 in jobless aid to intensify as claims rise
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.
BP licenses PTA technology to Weilian Chemical
BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to C
Earthquake in Delhi, Gurugram: Richter scale notes 4.6 magnitude earthquake, Haryana’s Rohtak epicenter
Earthquake in Delhi, Gurugram: Reports said Haryana's Rohtak was the epicenter for earthquake and tremors were felt in adjoining areas of Delhi.
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
Former South Korean 'comfort women' leader apologises for 'banking errors'
SEOUL: The former leader of an advocacy group for South Korean victims of Japanese wartime sexual violence on Friday (May 29) denied allegations ...
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%
Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.
Quarterly growth slides to 3.1 per cent, more pain feared
Worries centre around Covid surge, slow recovery
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
The new Razer Blade 15 Studio Edition laptop starts at $4299.99 USD
Razer yesterday announced the all-new Blade 15 Studio Edition with an impressive specs. First of all, this is not a laptop for regular consumers. Razer is targeting VFX artists, professional video editors and others in the creative field. This new Razer Blade 15 Studio Edition starts at $4299.99 USD / 4599.99 € MSRP and it […]
COVID-19 Tracker: Ulhasnagar crosses 300-mark; Badlapur, Ambernath witness a drop in numbers
With 33 new cases, Ulhasnagar's coronavirus tally zoomed past 300 on Friday. On the other hand, Badlapur reported two cases, while Ambernath had three cases of COVID-19.
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
Water And Wastewater Price Changes From 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Pandemic pain: Output of 8 core sectors contracts 38.1% in April
As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,
Brazil’s Embraer draws foreign interest after Boeing rift, say sources
SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...
Queen B announces her BNG Prestige Reserve just in time for level 3
'This release is all about excellence, global luxury, elegance and my love for MCC,' said Bonang Matheba.
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies
IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re
MCMC warns businesses not to misuse personal data collected for Covid-19 contact tracing
KUALA LUMPUR, May 29 — All business premises allowed to operate during the Conditional movement control order (CMCO) must comply fully with the operating procedures with regards to the collection, processing and storing of personal data, as set by the Communications and Multimedia Ministry...
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20
Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.
ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
EUR/GBP retreats from two-month highs, returns below 0.9000
The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
India Heads for Recession as GDP Growth Dips to Lowest since 2012
New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...
Stocks recover after Trump's announcement on Hong Kong
May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.
Adidas and Allbirds team up to make environmentally friendly shoes
Adidas and Allbirds hope to create a high performance sneaker with the lowest carbon footprint to date.
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
GST Council to meet next month; FinMin not for raising rates on non-essential items
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
Essential Properties: E-Commerce-Resistant Real Estate For The Long Term
Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo
Buy Bed Bath & Beyond Stock Before Consumer Spending Surges
Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.
Q4 GDP reveals a sorry picture even before the onset of lockdown
With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far
CNN's Van Jones: White, Liberal Hillary Voters More Dangerous Than the KKK
Van Jones declared a typical "white, liberal Hillary Clinton supporter" poses a greater threat to black Americans than the Ku Klux Klan.
India quarterly growth worst in 2 decades as lockdown bites
India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
EU says conditions needed in Lufthansa bailout, seeks deal
The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
Forbes removes Kylie Jenner from billionaires list
Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...
Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal
The first tranche of US$1.9 billion may be disbursed the following day.
Bears Trade By Day, Bulls By Night
Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
Stocks tumble ahead of Trump's China press conference
May 29 (UPI) -- President Donald Trump's upcoming news conference on China Friday shook up stocks in morning trading on Wall Street, as the White House could respond to the communist country's action against Hong Kong.
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Powell Speech: Fed is strongly committed to using its tools
The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp
Louisiana House votes to create $300 million business fund
The Louisiana House of Representatives on Thursday voted to set aside $300 million in federal pandemic relief aid for small businesses.
Tobacco farmers ask govt to shun policies aping West
IANS New Delhi The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing farmers and farm workers of commercial crop
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Turkey says may begin oil exploration under Libya deal in 3-4 months
ANKARA: Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya’s internationally-recognized Government of National Accord (GNA) signed the maritime delimitation deal last year. Turkey says it
SNAP Stock Has Some Fundamental Issues That Should Worry You
Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.
Turkey says may begin oil exploration under Libya deal in three-four months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya's internationally-recognised Government of National Accord (
Google reportedly rescinds 2,000 contract worker jobs
Google said it would slow hiring "given that we are faced with a global crisis of uncertain depth and duration."
Amazon in talks for new 750-worker Dublin office despite virus
Amazon is in talks to rent an office block in Dublin with space for about 750 workers.
Key Russian air cargo customer sues Boeing over widebodies, highlighting how coronavirus shifted market
The legal complaint has a weird twist: Russian cargo carrier Volga-Dnepr alleges that it has a binding contract to take four widebody aircraft worth more than $600 million at standard...
School reopening: 8 districts are yet to receive PPE deliveries in Gauteng
Eight districts in Gauteng are still waiting to receive personal protective equipment as schools prepare to reopen.
Joe Burrow Drops Powerful Statement On ‘Black Community’ Being Unheard Amid George Floyd Murder (TWEET)
(Photo by Getty Images/Getty Images) Joe Burrow appears to get it. On Friday, the Cincinnati Bengals quarterback took to Twitter…
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
Microsoft announces two new features for OneDrive personal users
Microsoft often announces new features and improvements for OneDrive for Business account users. After a long time, Microsoft today announced new features for OneDrive personal account users. These new features will improve the sharing and collaboration experience on OneDrive web experience.
Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout
The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Why Is Disney World Canceling Food and FastPass+ Reservations for All of 2020?
The world's largest theme park operator is upsetting customers by nixing some reservations through the next seven months, but there's a method to the Mouse-ness.
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
Google Maps makes it easier to use and send Plus Codes
For those of us that have got our home or office addresses committee to memory, the idea of a place not having an easy address to know or any address at all is somewhat unthinkable. But Google says…
GST Council to meet next month; Finance Ministry not in favour of raising rates on non-essential items
The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
Salesforce Stock Still a Buy as Its Software Gains Influence
Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.
COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released today by the International Energy Agency (IEA) the International Renewable Energy Agency (IRENA), […]
GBP/JPY: Downside risk from Brexit and negative rates – MUFG
Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They se
Sen. Ted Cruz demands a federal investigation into Twitter, claiming it's violating US sanctions against Iran by letting the country's leaders have accounts
Cruz alleges Twitter is in violation of US sanctions against Iran by allowing two state leaders to run accounts on the platform.
China's Kunlun says U.S approves sale of Grindr to investor group
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
SoftBank leads US$500 million fundraising for Didi's self-driving unit
China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...
Groundbreaking all-electric plane paving way to greener aviation
The world's largest all-electric plane has successfully completed a test flight, the first step in a long process its developers say will led to an era of low-cost, pollution-free air travel.
Telangana: Sons refuse to allow 80-year-old mother into house out of Covid-19 fear
The woman on Friday returned from Sholapur in Maharashtra after a stay at her relatives' house in the wake of relaxations in lockdown norms, but her elder son and his wife did not allow her into the house.
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
Is Microsoft Stock About to Go Into a Lengthy Stall?
Microsoft trades at 30 times forward earnings. Some believe Microsoft stock is overvalued and about to go into a lengthy stall.
JobStart policy no substitute for tax cuts
The National Party’s JobStart policy - under which businesses could claim $10,000 per new employee, for up to ten new employees - looks great on paper but would fail in practice, says the New Zealand Taxpayers’ Union.
Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%
The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports
Telangana: Sons refuse to allow 80-year-old mother into house out of COVID-19 fear
The woman today returned from Sholapur in Maharashtra after a stay at her relatives house in the wake of relaxations in lockdown norms, but her elder son and his wife did not allow her into the house, said Edla Ashok, a division member of Karimnagar Municipal Corporation.
CIRCOR International, Inc. (CIR) CEO Scott Buckhout on Q1 2020 Results - Earnings Call Transcript
CIRCOR International, Inc. (NYSE:CIR) Q1 2020 Earnings Conference Call May 29, 2020 09:00 ET Company Participants Scott Solomon - Senior Vice President, Sharon
Getting New Zealand Open For Business
“New Zealand is open for business, support local, back your backyard.”
Buy the Post-Earnings Dip in Canopy Growth Stock Now
Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.
Appreciate difficulties of PMC Bank depositors on moratorium on withdrawals: HC to Centre, RBI
Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic
Canadian Western Bank (CBWBF) CEO Christopher Fowler on Q2 2020 Results - Earnings Call Transcript
Canadian Western Bank (OTCPK:CBWBF) Q2 2020 Earnings Conference Call May 29, 2020, 10:30 ET Company Participants Matthew Rudd - SVP, Finance & IR Christophe
ProBeat: Throw out all your pre-coronavirus surveys and start again
The coronavirus pandemic means your technology survey from earlier this year is useless. Your business needs to run the survey again.
Forbes just revoked Kylie Jenner's billionaire status, saying she's exaggerated her company's success for years. Take a look at how Jenner built her empire.
Forbes now alleges that Kylie Cosmetics has never made as much money as Kylie Jenner and her team claimed.
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
Private equity player Bain Capital in talks to up stake in Axis Bank
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Finance ministry not in favour of raising GST rates on non essentials
Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year
Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound
Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.
Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
Kylie Jenner fires back at Forbes after claim she lied to gain billionaire status
Kylie Jenner has fired back at Forbes for claiming she forged documents and over exaggerated her business to attain the billionaire status, saying she is not a billionaire. Kylie bashed the most explosive claim in the
Visa Stock Is the Best Payments Powerhouse for Your Portfolio
Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
These were the 10 biggest European tech stories this week
These were the 10 European tech stories this week
Covid can cause $8.5 trillion loss in global output: UN chief Antonio Guterres
UN chief Antonio Guterres has warned that the Covid-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of $8.5 trillion in
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
Forbes revoke Kylie Jenner's billionaire status, slamming her "web of lies"
Forbes has revoked Kylie Jenner's billionaire status following an article published claiming the 22-year-old largely exaggerated her earnings
Ontario targets specific workers for COVID-19 tests, including LCBO staff, cops
The province says that next week community testing will also start in places with a high number of COVID-19 cases
24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open
Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.
Omega Healthcare: This Outperformer Is Undervalued With An 8.7% Yield
Omega Healthcare has a strong track record with market beating returns. The current share price offers an attractive entry point with a strong going-in yield. M
US Stops Iranian Fuel Shipments to Venezuela
Trump admin promises to use its economic, diplomatic power to press for the restoration of Venezuelan democracy
Nissan formally closes Indonesian factory
Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
GST Council likely to meet in mid-June
Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions
Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world.
Should You Buy Hertz Stock Now?
Understanding Hertz's current scenario is important to avoid a huge investing mistake.
Searching post-Covid real estate landscape in India
Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything
Coldstream closes boat launches on Kalamalka Lake due to high water
Due to continuously rising water levels in Kalamalka Lake, the District of Coldstream has closed all its boat launches.The District of Coldstream announced
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
Williams considers selling F1 team after £13 million loss
Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
Water and wastewater price changes from 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite
All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses
Last Minute Addition To Louisiana Bill Hamstrings Community Broadband
We've long noted that roughly twenty states have passed laws either outright banning community broadband, or tightly restricting...
9 creative ways that retailers, restaurants, and service workers are staying afloat during coronavirus shutdowns
The pandemic has been catastrophic for retailers, restaurants, and workers. Here are nine tactics many are using to stay afloat.
First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW
With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.
NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser
The NZD/USD pair capitalized on the broad-based USD weakness and surged to its highest level since March 12th at 0.6241. However, the risk-averse envi
Turkey says may begin oil exploration under Libya deal in three-four months
ANKARA (Reuters) - Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.
Power generation raised at Moolamattom
Aim is to reduce Idukki water level
Clovis Oncology: You Should Embrace Volatility To Enjoy Profitability
Amid the Corona Bear market, many fundamentally strong stocks are still trading at a deep bargain to their true worth. Amid the market volatility, Clovis Oncolo
Coronavirus crisis: Renault to lay off 150,000 employees globally
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France
EOS completes acquisition of Audacy
Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.
Top Chinese general says need to keep military option for Taiwan
China News: BEIJING: China needs to keep both peaceful and military options to resolve the "Taiwan issue", a top Chinese general said on Friday.
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
Masks, cleaning, filtration better than blocking middle seats: United CEO
United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are ...
Oil rises about 2% as higher US refinery rates offsets surprise crude build
US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says
Ex-Bellamy's boss Laura McBain joins board of boutique brand Lark
From baby formula to fine foods and now whisky, she has reconnected to Tasmania, as well as wealthy Hong Kong investors.
US says Chinese helped direct $3.7b to North Korea
The US has charged 28 North Koreans and five Chinese with facilitating more than $3.7 billion in illegal payments for Pyongyang's nuclear program.
Isuzu expects pick-up demand in Thailand to drop 35%
With sales significantly impacted by the Covid-19 outbreak, Isuzu expects that the demand for pick-up trucks and other light commercial vehicles (LCV) in
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
How investors learnt to love the rally in stocks
‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers
EOG Resources: The Three Wise Monkeys
Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,
NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript
NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,
Capgemini's top executive Thierry Delaporte is new Wipro CEO
Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines
Ping An Voyager Fund Leads Investment in PlusDental to Enhance Modern Dentistry in Europe
HONG KONG and SHANGHAI, May 29, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:23...
COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE
Businesses in the UAE are definitely not in a generous mood when it comes to hiring
Simplo revenues to peak in 2Q20
Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.
Biggest technology acquisitions 2020
We round up the biggest technology industry mergers and acquisitions of the year so far
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD
India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,
More central banks eye yield curve control. How does Japan's work?
TOKYO — The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.
Epistar 4Q20 operation may turn profitable, says president
Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.
Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com
FDI inflows from Cayman Islands into India triples in FY20
The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript
Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
Hong Kong Govt: Removing US special status is 'double-edged sword'
Responding to Washington’s withdrawal of Hong Kong’s special US status, Hong Kong’s government warned late Thursday that such a move could be a “doubl
Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte
Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.
Covid takes toll on core sector, output slumps 38% in April
India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d
New comprehensive I-T form to come in handy for taxman
Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.
Over 1,000 cases recorded in four days as Nigeria’s COVID-19 toll surpasses 9,000
Three months after Nigeria confirmed its index COVID-19 case, more than 9,000 cases have now been recorded. Between May 26 and May 29, the country recorded a total of 1,234
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy
WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...
Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn
Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
Fairfax Financial Holdings left behind amid market rebound
Fairfax is trading at a major discount on TSX as it struggles to recover from COVID-19 impact
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.
Coronavirus sinks US consumer spending; savings hit record high
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...
Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat
An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.
Goldman Takes Bitcoin To Task
Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.
Pier 1 Imports gets approval from a judge to liquidate its remaining stores
"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.
Yes Bank launches overdraft facility on FDs
Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.
Covid effect? Debt Mutual Funds to face multiple headwinds
Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.
GDP numbers a telling commentary of BJP’s economic management, says Congress
Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode.
Apollo Global Management: For When Blood Runs The Street
Apollo used the corona-downturn to its advantage. Increase in permanent capital makes the business more stable. Funds are being raised, and deals are being made
Renters more likely to struggle in coronavirus crisis than homeowners, says study
The analysis was carried out by the Resolution Foundation and underlines the difficulties faced by those who do not own their property
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Coinbase Introduces Tezos (XTZ) Staking to Earn Rewards by Passively Holding Crypto on the Exchange in the UK, certain EU Countries
San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets.
Actor Hill Harper Gets Crushed For Misgendering Zaya Wade, Saying ‘Young Man’ (TWEETS)
This is pretty much where we are in 2020. Actor Hill Harper the post by Gabrielle Union on Instagram wishing…
Bitcoin’s Funding is Flashing a Warning Sign After Rejection at Key Resistance
Bitcoin's rejection at $9,700 has coincided with funding flipping positive. This suggests that sellers are gaining the upper hand over buyers
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
Wall St ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.
Dead Cat Bounce or Real Rally?
Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
Ailing people, kids, pregnant women should avoid travel: Railway
India News: NEW DELHI: The railway ministry on Friday appealed to people with pre-existing medical conditions, pregnant women, children below 10 years and those a.
Flashback: Black Business Owner Furious After Business Destroyed During L.A. Riots
Riots broke out in 1992 after cops acquitted in Rodney King trial
Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown
The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.
Delhi-NCR struck by earthquake measuring 4.5 on Richter Scale
Delhi-NCR rocked by earthquake: The medium intensity earthquake of magnitude 4.5, had its epicentre in Haryana's Rohtak.
Credit flow: Rs 4L crore reverse repo funds sanctioned as loans
RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.
GPs and home visits
A chara, – I hope that the ongoing deliberations of our Oireachtas Special Committee on the Covid-19 Response will also include an examination of how GPs deliver medical care to patients confined to their homes.
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
Microsoft replace editors with AI at Microsoft News
Microsoft CEO Satya Nadella has always advocated for AI to be used alongside instead of in place of employees, but it seems when the opportunity arose Microsoft was just too happy to take advantage of an all-AI solution. BusinessInsider reports that Microsoft News has just laid off dozens of editors for MSN.com in favour of […]
Congress Slams Centre Over Low GDP Growth In Last Quarter Of 2019-20
The Congress on Friday said the low GDP growth in the last quarter of 2019-20 is the result of the BJP government's failures, misplaced priorities and a telling commentary on its economic management.
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
India's economic growth dips drastically during coronavirus pandemic
Indian economy grew by 4.2% in fiscal year ending March, down from 6.1% previous year
‘Telling commentaryon BJP management’: Cong hits out after dip in GDP growth rate
Congress leader and former finance minister P Chidambaram blamed the government’s economic management for the new low in GDP growth.
Why CBN slashed monetary policy rate - Official
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
Deloitte's consulting arm said to warn of about 2,500 job cuts
There’s growing concern among some consultants who aren’t currently assigned to a project with a client that they’ll be first in line to lose their jobs, one of the people said.
Govt is looking at starting home delivery of petrol, CNG: Pradhan
Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.
421 deaths by suicide and intentional self-harm in 2019
There were 421 deaths by suicide and intentional self-harm registered in Ireland last year, according to the Yearly Summary of Vital Statistics published by the Central Statistics Office.
S&P 500, Dow dip on jitters over Trump's China response
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
Futures hit by Sino-US tensions at the end of strong month
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Party City News: Why PRTY Stock Is Surging 29% Today
Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.
National priorities
I want to take your attention to an important issue which Pakistan's people are facing.And that issue is public transport and public transport mafia.As we know that nowadays curing lockdown public tra
Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway
People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
ITC to use Amway network to sell juices as coronavirus pushes demand for immunity boosters
FMCG major ITC has partnered with direct selling company Amway to retail its range of juices as demand for immunity building products witness a boom during the coronavirus pandemic.
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
Reuters: Wizz Air expands with new bases in Italy, Cyprus, Ukraine and Albania
Eleven new aircraft will be deployed at the new bases and there will be 50 new routes.
Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS
Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.
Williams-Sonoma Earnings: WSM Stock Rallies 14% Following Q1 Topper
Williams-Sonoma (WSM) earnings for the retail company's first quarter of the year have WSM stock heading higher on Friday.
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
Bradley Beal shares interesting story about nearly being traded for James Harden
Bradley Beal has been the Wizards’ unquestioned leader with John Wall sidelined, but it’s crazy to think that he may not have even been on the team in the first place. Beal and Wall hav…
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
Modine Manufacturing's (MOD) CEO Tom Burke on Q4 2020 Results - Earnings Call Transcript
Modine Manufacturing Company (NYSE:MOD) Q4 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants Kathy Powers – Vice President, Treasurer,
Why Growth Will Continue To Outperform 'Traditional Value'
Growth investing has handily outperformed traditional value investing over the last ten years, a trend which has been exacerbated since the pandemic. Traditiona
Westlake Chemical Corporation: Too Early To Go Long Here
First-quarter numbers were encouraging considering lower sales prices witnessed in the quarter. We like the fundamentals of caustic soda despite headwinds in Q1
How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock
Virgin Galactic remains an excellent speculative play and an even better holding with a well-conceived spread in SPCE stock.
Depression walk goes virtual
The annual Penticton Defeat Depression Day is going virtual this year.
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Wall Street retreats ahead of Trump's response on Hong Kong
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Power minister R K Singh asks Rs 3 trillion from finance commission
The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.
Standard Chartered Completes First Impact-Focused Subscription Finance Facility
Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it comple
Mumbai: In four wards, recovery rate less than 20 per cent
A test to check if the person is negative is only done if the patient has severe Covid-19 symptoms. Mumbai now has 16,008 recovered patients, and 19745 active cases.
A Frito-Lay exec explains why your favorite Doritos and Lay's flavors might be missing from stores since the pandemic hit
Frito-Lay, which is responsible for brands like Tostitos, Doritos, and Cheetos, had to reduce assortment of its flavors at the start of the pandemic.
Ryanair customers could be waiting up to six months for refunds
It will take three to six months for Ryanair to get through the backlog of refunds of cancelled flights.
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
Today In Payments: Mastercard Introduces Recovery Insights Tools; Starling Notches $49M In Funding
In today's top news, Mastercard introduces Recovery Insights tools, Google is mulling a share of Vodafone India, and Starling has raised $49 million.
Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple
XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also incr
Heat Wave Continues In UP; Etawah Hottest At 43.8 Degrees
The intense heat wave conditions continued at many places in Uttar Pradesh on Friday with Etawah being the hottest place in the state at 43.8 degrees Celsius, the meteorological department said.
GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision
Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.
Flour prices raised by Flour Mills Association
The price of a 20 kg bag of flour has been increased by Rs 120
Closed-End Funds: Eaton Vance's Option Funds
Eaton Vance offers many respectable funds. Today, I wanted to give a broad overview of the option based funds we don't discuss very often. I also wanted to touc
Coronavirus: Chancellor extends support for self-employed but warns of ‘hardship ahead’
Chancellor Rishi Sunak has extended support for self-employed workers and unveiled a new "flexible furlough" system for firms.
Safety board wants more oversight, training in wake of 2019 tug sinking in B.C.
VANCOUVER - The Transportation Safety Board says the sinking of a tug and its barge on B.C.'s Sunshine Coast highlights the need for increased oversight and
S&P 500 up in choppy action after Trump comments on China
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Oil surges 5% on U.S.-China trade optimism, falling crude output
NEW YORK (Reuters) - Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
Crematoriums in city increase capacity
Civic bodies here have increased the capacity to cremate bodies from about 45 per day to about 95 per day by allowing the use of wood pyres at five crematoriums, a senior SDMC official said on Friday.
Drybar CEO John Heffner to Join Summer Fridays
John Heffner has been with Drybar since 2013, and will transition to lead skin-care brand Summer Fridays in June.
New Set Of Reforms Will Help Transform Agriculture From A Bottomless Pit Of Subsidies To An Enterprising Industry
Tech-enablement of the agricultural value chain and information dissemination among stakeholders is important.
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.
Sensex surges 224 pts; Nifty tops 9,550-mark
Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
More flights to bring labourers home: CM Soren
After an Air Asia flight brought home 180 migrant labourers home from Mumbai to Ranchi on Thursday, Chief Minister Hemant Soren said that if needed, more flights will be used to bring back migrant labourers. The CM had written to the Centre and the Home Minister seeking permission for chartered
Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders
Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.
Phygital is the way forward’
Balbir Singh Dhillon, Audi India’s head, hopes that the sales will bounce back in the country powered by the YOLO mentality of customers As the country limps back to a sense of normalcy, I spoke with Balbir Singh Dhillon, Audi India’s boss about how he believes the luxury car market in India
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.
RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.
Wall Street ends down in late selloff; Facebook and China weigh
The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.
Renault poised to announce 15,000 lay offs worldwide
Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.
Ask businesses what to do with George St
If we really want to support businesses in Dunedin, we need to ask how we can help, writes Hilary Calvert. Inconveniencing Dunedin people who dare...
Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings
A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.
MCD unlikely to resume property tax collection from June 1
The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property
The Paycheck Protection Program Could Have Been Great—It Wasn’t
With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.
Asia Session: Asia Booking Profits Ahead Of The Weekend
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, AUD/USD, XAU/USD, S&P/ASX 200. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
The Great Bears do the bear market rally
Cross-posted from ZeroHedge is a fabulous post gathering together the world’s great bears.
Chairman Of Nigeria’s Revenue Agency Denies Allegations Of Tribalism In Organisation
Nami, who spoke while reacting to the alleged removal of some directors on tribal and ethnic grounds, said that the exercise was done according to the laws of the country.
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
South Africa should delay reopening of schools: Human Rights Commission
The South African Human Rights Commission (SAHRC) has written to minister of Basic Education Angie Motshekga recommending that she reconsider the return of students to schools from 1 June.
Donald Trump Signs Executive Order Aimed At Twitter After It Flagged His Tweets
“There’s nothing I’d rather do than get rid of my whole Twitter account.”
Financial help sought for new community hub
The $3.8 million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...
Introducing FinTech Features – showcasing the best in fintech on 30 June
Introducing FinTech Features – a new digital platform for financial services professionals to learn about the latest technologies and solutions and for the top tech providers to showcase their expertise, products and services.
Covid-19 : With 11 more positive, active cases jump above 100 in Nagpur
Nagpur: As many as 11 people including a Mahadula based man who returned from Bihar tested positive for novel Corona Virus (COVID-19) on Friday. Five out of them belonged to Pachpaoli quarantine centre, two from Naik Talav, one each from Tanga Stand, Seva Sadan Building and Bhagwan Nagar. Following this development the cases of virus […]
Preliminary agreement reached in Lufthansa bailout row: source
Preliminary agreement reached in Lufthansa bailout row: source
Single quarters to make way for development
THE Keetmanshoop Town Council is planning to demolish the single quarters area containing 16 housing units.
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
Are State Reopening Policies Turning The Economy Around?
There may be some slight economic improvement in more aggressive “reopening” states. But the nation’s overall economic picture remains very troubled. And a too-aggressive reopening before the virus is under control could feed a second disease wave later this year.
Magic Leap CEO Rony Abovitz to step down
Magic Leap is not yet naming a replacement.
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses
The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
Blast furnace workers produce hot metal amid pandemic
Even in the difficult times of the Covid-19 epidemic, there has been no let down in the spirit & enthusiasm of BSL blast furnace personnel. This team, which plays an important role in making hot metal in the steel production process is still playing crucial role in production by taking care of
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
Maharashtra govt to soon announce package to tide over crisis: Deputy CM
Maharashtra Deputy Chief Minister Ajit Pawar on Friday said that the state government will soon announce a financial package to steer the state out of the present economic crisis.
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
Govt U-turns on royalties non-deductibility
THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.
Home in on that house
If you thought the 2% cut in stamp duty was a good thing, wait a while.
Best Bank Accounts
Martin Lewis reveals how to compare and switch to the best bank accounts that can save you £100s a year.
Financial help sought for new community hub
The $3.8million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...
Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
128 fresh COVID-19 cases in J-K; number rises to 2,164
Jammu and Kashmir on Friday recorded 128 fresh COVID-19 cases, raising its tally to 2,164, officials said. "128 new positive cases of coronavirus were detected in the union territory on Friday," they said. While 36 of these cases are from Jammu, 92 are from Kashmir, the officials said. They said
Buy United Spirits; target of Rs 650: ICICI Direct
ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.
Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
GDP numbers: Data collection affected due to COVID-19 outbreak, says government
The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.
PIC willing to convert R90 billion of Eskom debt into equity
Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.
India records highest single-day spike, surpasses China toll
NEW DELHI: India on Friday not only recorded its largest jump in new cases as it added 7,466 new Covid patients in 24 hours, emerging as the ninth worst-hit country in the world by pandemic, but it also surpassed China's toll of 4,638 so far as it r
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.
Sustainable Water Technologies Meet Consumer Demands
At one point in time, the water treatment industry was largely novel and unknown to the consumer market. However, as our society in the new decade grows more
Magic Leap CEO Rony Abovitz is stepping down
Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.
Don’t involve children in business, Manzese residents told
Parents and guardians have been urged to ensure that their children remain at home during the schools closure and not involve them in their business activities, something that contrary to the child
Paris-based Neobrain snaps up €3 million to support employees during change
French HRtech startup Neobrain, which uses AI to support organisations and people during times of change and crisis, has secured €3 million of investment from French venture capital firm Breega. The startup will use the funds to expand internationally, grow its team and conduct more research on the
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
Wall Street retreats ahead of Trump's response on Hong Kong
President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.
Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June
Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.
South Africans quench thirst with moonshine during lockdown ban
South Africa imposed a lockdown on 27 March and banned alcohol in a bid to ease hospital workloads, help the public stick to social distancing rules and prevent a rise in domestic violence. A partial lifting of the ban is set for 1 June.
IIFL Finance March Quarter profit plunges 81% to Rs 59 crore
The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore.
Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling
Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
German regulator examines stock trades by Wirecard CEO
German regulator examines stock trades by Wirecard CEO
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
Tristar Worldwide begins 45-day consultation process with workers
Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
Samsung’s Blockchain Wallet Integrates With Gemini Crypto Exchange
Gemini, the crypto asset exchange founded by the Winklevoss Twins, has become the first exchange to partner with Samsung, the companies announced on Thursday. S
French economy shrank less than first thought in first quarter: INSEE
French economy shrank less than first thought in first quarter: INSEE
30 more deportees arrive from the US
JUST under 30 deportees from the United States arrived in the island yesterday, as the Am...
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
Metals Nearing Critical Momentum For New Parabolic Rally
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com
Silver Price Analysis: Struggles to gather upside traction despite diamond breakout
Silver is currently trading near $17.41 per ounce, representing a 0.21% gain on the day, having faced rejection near $17.50 on Thursday. The metal wit
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
Application for Coronavirus Alleviation Programme is free - NBSSI
Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.
How Will Africa Fare After COVID-19? By Haleed Sulemana
The African Free Trade Area Agreement (AfCFTA) that would see African countries trade within its borders without priority to Western countries should be fast-tracked and made operational. This will allow the African Union and other African sectors to easily assert their agency globally.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
IDC: Hearables market on the rise, but smartwatch sales have declined in Q1 2020
Global shipments for wearables went up by 29.7% YoY with 72.6 million units shipped.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com
Asian Stocks Down as Investors Await Trump Action
Asian Stocks Down as Investors Await Trump Action
Men hired to tie up and tickle client break into wrong house
Two men hired to break into their client’s house, menace him with machetes, tie him up, then tickle him with a broom, have been acquitted of armed break-in after hitting the wrong address. Th…
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.
14 Return-On-Equity Champions With Warren Buffett Fundamentals
Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit
The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Amazon in talks for new office despite pandemic
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
MarTech Minute: Criteo’s Retail Media ad platform, Agilify Training’s virtual Scrum Master course
A quick round up of the latest marketing technology news and announcements.
'Global growth worries, US-China tensions likely to keep crude prices choppy'
We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.
Russia's Rosneft finds extended oil cuts painful: Sources
Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity.
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
WTI slips below $34.00 amid risk reset in early Asia
WTI extends its declines from $34.34 to $33.56 amid the initial Asian session on Friday. In doing so, the oil benchmark probes the previous day’s reco
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
US indicts N. Koreans, Chinese over US$2.5b network to dodge sanctions
WASHINGTON, May 29 — The US Justice Department indicted 28 North Koreans and five Chinese yesterday for operating a money laundering ring that moved billions of US dollars through global banks to avoid nuclear sanctions on Pyongyang. The network processed more than US$2.5 billion (RM10.9 billion)...
Andrew Hume announced as new Acting CEO of ECMS
Early Childhood Management Services (ECMS) a Victorian based not for profit early childhood education and care (ECEC) provider has confirmed the appointment of Andrew Hume as their new Acting Chief Executive Officer effective 9 June 2020.
Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses
South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.
Demand For These Autonomous Delivery Robots Is Skyrocketing During This Pandemic
Although there is much unknown about the way the world will be post-coronavirus, we're certain that it will include autonomous delivery robots in our workplaces, public spaces, and streets. This technology was given a boost during coronavirus as a viable way for people to receive food and medicine.
UN: Virus could push 14 million Latin Americans into hunger
BOGOTA, Colombia (AP) — The US World Food Programme (WFP) is warning that upward of...
Travel disruptions, cost cutting key issues for U.S. business in China: report
Travel disruptions, cost cutting key issues for U.S. business in China: report
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people.
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
Tasting Australia Will Not Go Ahead in 2020
Originally shelved until October, the state’s biggest food and drink festival will now return in autumn 2021.
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.
Samsung's global wearables shipments grew by 71% for the first quarter of 2020
The latest IDC report on the wearables market (for the first quarter of 2020 (1Q2020)) shows that its watch sector declined. However, this shortfall was addressed by gains made by the audio and band categories. Apple remained the #1 brand in terms of shipments, although Samsung posted the greatest year-on-year (YoY) growth.
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
7-months-old baby dies of COVID-19 in Sangareddy
A 7-month-old girl, who died at Niloufer Hospital on Wednesday while undergoing treatment, was COVID-19 positive as her swab result revealed
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
Flight operations to return to pre-COVID-19 levels by Diwali: Hardeep Singh Puri
Domestic flight operations resumed in a staggered manner after a gap of two months on May 25.
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
United Airlines cutting 13 top jobs under fresh restructuring
United Airlines cutting 13 top jobs under fresh restructuring
Provide biscuits, water to Shramik trains: Baghel
Chief Minister Bhupesh Baghel wants biscuits and water pouches to be provided to migrant labourers when Shramik special trains carrying them stop at railway stations in Chhattisgarh. The Chief Minister has given instructions to this effect to the District Collectors of Raipur, Bilaspur,
Council may find it difficult to raise GST rates
The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
Vermont barbers, stylists reopening as restrictions ease
Hair stylists and barbers are back in business Friday as part of the latest round of business reopenings in Vermont from COVID-19 shutdowns.
Should You Pick Ameren Over NextEra?
he stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 105% since the beginning of 2017, driven by the company’s fast-growing renewable energy business. In comparison, Ameren, a regulated utility that operates in Illinois and Missouri...
Whirlwind few months for bike shop owners
It’s been a whirlwind few months for Canterbury bike shop owners Paul and Monique Brake who are currently riding a wave of cycling resurgence. The...
IIT BBS serves stranded migrants
The IIT Bhubaneswar upon the initiative of Director, IIT Bhubaneswar Prof RV Raja Kumar, served 1,008 packets of cooked and packed food to stranded migrant workers. Besides, water bottles were provided by the Unnat Bharat Abhiyan (UBA)of the Ministry of HRD. This apart, 2022 migrant workers
Slovak startup GymBeam nabs around €6 million for its fitness brand
Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
US major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
Wage subsidy auditing figures only collected quarterly - MSD
Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Renault to cut 15,000 jobs
Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
European stocks rise for fourth day on healthcare bounce
FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
Capitec sends out Covid-19 warning
Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.
Russia to keep self-isolation requirement in 14 regions
Russian authorities have decided to keep the requirement to self-isolate in effect in 14 of the country’s 85 regions at least by mid-June, while facial masks are mandatory throughout the country, Russian state news agency TASS reports.
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward as private creditors laid out a blueprint for their involvement, though it...
Frydenberg talks markets to US Treasury secretary
Treasurer Josh Frydenberg has spoken to US Treasury secretary Steven Mnuchin about the rebound in equity markets and the stabilisation of credit markets.
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
CHICAGO (Reuters) - Tyson Foods Inc (TSN.N) said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
Thousands of migrants unsure of leaving Doon as work resumes
A large number of migrants have refused to return to their native States as various works have resumed in the district. The Dehradun chief development officer (CDO) Nitika Khandelwal who is currently supervising the operation of sending thousands of migrants home in different states through trains
Sale of shut Philly refinery to real estate developer delayed
Sale of shut Philly refinery to real estate developer delayed
Corona takes big leap in Nagpur : 46 cases in single day, Naik Talao new hot-spot
Nagpur: As many as 46 people including a Mahadula resident man who returned from Bihar, tested positive for novel Corona Virus (COVID-19) on Friday. Most of them belonged to Naik Talao vicinity, where 15 members of a family tested positive for the virus borne disease. Besides, several cases from Pachpaoli quarantine centre, Tanga Stand, Seva […]
Defend your hard-earned savings with Revix’s tokenised gold promotion
Invest in tokenised physical gold without any risk.
Working groups on economic task force to synergize efforts to revive economy: Conrad
GUWAHATI: Meghalaya Chief Minister, Conrad Sangma on Friday tweeted that the six Working Groups of the Economic Task Force on COVID-19 pandemic would work in tandem to draw up a systematic and synergistic plan to revive the economy of Meghalaya and c
US indicts NKoreans, Chinese over $2.5 bn network to dodge sanctions
The US Justice Department indicted 28 North Koreans and five Chinese on Thursday for operating a money laundering ring that moved billions of dollars through global banks to avoid nuclear sanctions on Pyongyang.The network processed more than $2.
Auction tests demand for Queenstown property
Bidders in Queenstown have started testing the water in one of the country's most expensive property markets. This story was first published by RNZ...
Rand falls, focus on Trump's Hong Kong response
Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.
How important is Hong Kong to China as a free finance hub?
China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.
Buy Federal Bank; target of Rs 54: Emkay Global Financial
Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
Earnings Preview: What To Expect From Zoom On Tuesday
Zoom is expected to earn $0.09/share on $203.02 million in revenue. Meanwhile, the so-called Whisper number is $0.10/share. The Whisper number is the Street's unofficial view on earnings.
Dy manager of BoM delivers pensions at doorsteps of elderly
Employee from Bhavani Peth branch had sought special permission to enter containment zone, make the payouts
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.
Ending lockdown
"The economy went dead. It has to be revived." On Monday, June 1, 2020, most Filipinos will enjoy the benefits of relative freedom. June 1 is the first day after Asia’s strictest and the world’s longest lockdown ends, on May 31.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
2 floors of Parliament Annexe building sealed after official tests positive for COVID-19: Sources
The director-level officer who attended work on May 28 was found positive for the infection along with his family members, they said.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Qualcomm, Qorvo & Jabil: Apple Suppliers Have Been Left Behind From The Rally. Time To Buy?
Apple stock is up about 5% year-to-date, despite the Coronavirus pandemic, driven by its strong balance sheet and fast-growing services business, which makes it a safe haven of sorts. However, most of Apple’s suppliers have not fared as well. Our indicative list of 6 key suppliers for the iPhone...
Creating Value Through Digital Transformation
Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
Italian magistrates target Uber Italia over alleged rider exploitation: sources
Italian magistrates target Uber Italia over alleged rider exploitation: sources
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Covid-19 crisis: UP sees sense on migrant workers, Maharashtra should too
A shortage of workers in one state or another could result in a spike in wage costs, throwing the economics of manufacturing or construction out of gear.
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Asia shares fall as US-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.
Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits
A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.
Lynas forced to defend disclosure on US military funding
Amanda Lacaze-led Lynas knew the US Department of Department process was on hold in April but she did not alert the market until May 22.
S&P 500 up in choppy action after Trump comments on China
S&P 500 up in choppy action after Trump comments on China
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Sapphire Scent boss Wale Jana's headache - The Nation Nigeria
For cosmopolitan ladies and gentlemen within the Lagos and Abuja social radar, Sapphire Scents owned by upwardly mobile socialite, Adewale Adejana...
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the
First Solar Stock Set To Surge To Pre-Covid Peak Of $57?
Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...
Pandemic's hit to Japan's factory, retail sectors deeper than expected
TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
US major airlines roll out more options to avoid staff layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
RBI imposes Rs 4 crore penalty on Citibank
In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.
$3.3bn revenue from Year of Return cannot be true - Ablakwa challenges Tourism Minister
A claim by Tourism Minister, Barbara Oteng-Gyasi, that the Year of Return campaign introduced by government boosted tourism receipts by $3.3 billion in 2019 has been contested.
BBC appoint former head of global news to review impartiality policy online in wake of Emily Maitlis rant on Dominic Cummings
Richard Sambrook, a former director of BBC global news, will be tasked with assessing whether the corporation's social media accounts are going against its impartiality policy.
House Democrats launch inquiry into Medicare stimulus payouts
House Democrats launch inquiry into Medicare stimulus payouts
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus
Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Sawkmie seeks govt aid for flood-affected
SHILLONG: Mawlai MLA PT Sawkmie has written to Chief Secretary MS Rao requesting him to sanction financial assistance at the earliest for all the flood-affected districts, so as to enable the district administration to reach out to the people financi
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.
Explainer: How important is Hong Kong to China as a free finance hub?
Explainer: How important is Hong Kong to China as a free finance hub?
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
GST Council to meet next month; FinMin not for raising rates on non-essential items
The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus.
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
Google could pick up stake in Vodafone Idea
A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.
Fed's Mester says it's hard to imagine quick V-shaped recovery
Fed's Mester says it's hard to imagine quick V-shaped recovery
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
In Poland, key automotive industry has been hit most by crisis
Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.
Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions
Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year
$1.4m to help Queenstown workers who have lost jobs
The hard-hit Queenstown Lakes District has been given $1.4 million in Government funding to help redeploy workers who have lost their jobs because...
Akhtar says Dravid is the most decorated Indian batsman
Former Pakistan fast bowler Shoaib Akhtar picked Rahul Dravid as the most decorated Indian batsman and said he is the one of the toughest
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Chinese companies in India dither to join country’s fight against Coronavirus; Make negligible contributions for the sake of optics
The major Chinese companies including Xiaomi, Vivo, Oppo, Huawei, Oneplus whose annual revenue is approximately INR 60710 crore, have just contributed INR 24 crore (0.04%) for India’s fight against coronavirus pandemic.
'It is still too early to say that it is the end of the SIP trend'
SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.
Bitcoin PoS Is the New Coin to Revolutionize the Crypto World
Investing in Bitcoin (BTC) is now expensive, and getting your own through mining is nearly impossible for the average person. However, a new opportunity can be found in Bitcoin PoS. BitcoinPoS: The Best of Bitcoin and PoS Bitcoin Proof of Stake (BTP) was created by a team of developers that…
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Mahangu to yield surplus
LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961
March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print
A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
108 jobs on line in Tower proposal
Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...
Virtual Congress: House Financial Service Committee Fintech Task Force Schedules Meeting on Inclusive Banking
The House Financial Services Committee has posted its list of hearings for the month of June. The Committee like other Congressional committees has mi
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Statistics Canada says first-quarter GDP worst showing since 2009
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday
Ding dong... treat! Chicago area neighbors bring back prank with a positive twist
A new version of ding dong ditch, where you leave gifts for families, is bringing neighbors together in Elgin and South Elgin, Illinois.
Charter Communications' EBITDA Margin Should Continue To Expand In 2020
Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
4.6 magnitude earthquake hits Delhi
Strong tremors were felt across Delhi as a 4.6 magnitude temblor shook the national capital region. According to the National Centre for Seismology, the epicentre of the earthquake was located 14 km
Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.
Tesla Ready For Import/Export, Taking The BEV Beyond Transport
Report that Tesla has (almost) implemented the ability for two-way electricity flows in their BEVs with hardware already largely implemented in the Model 3. Tes
Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%
India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac
Garrett Motion: Significant Upside Potential But Fragile Financial Situation
Garrett Motion has a solid business with a dominant share of the market. However, the company is in a fragile financial situation with large maturities in 2025
Florida teen who struggled with homelessness graduates as schools valedictorian
JACKSONVILLE, Fla. (WSVN) — A Florida teen whose family struggled with homelessness is now his school’s valedictorian. Martin Folsom is graduating at the top of...
Sohail F Rahman, wife fly to London by chartered plane amid pandemic
Sohail F Rahman, the chairman of one of Bangladesh’s leading conglomerates Beximco Group, has left Dhaka for London on a chartered plane as normal flight operations are suspended due to the coronavirus crisis.
Bearded dragon found in supermarket car park
Shoppers were surprised to see the lizard after it stationed itself outside a Lidl store in Cardiff
New Zealand Cricket set to cut jobs amid coronavirus pandemic
New Zealand Cricket looks set to cut it's workforce by 10-15 percent as it forecasts significant cuts to revenue due to the coronavirus pandemic.
What is the Covid Alert Levels system?
The Covid Alert Levels system is similar to that used to establish the terrorist threat and will be run by a new Joint Biosecurity Centre.
New Waterways Route To Connect Tripura With Bangladesh: Biplab Kumar Deb
Chief Minister Biplab Kumar Deb on Friday said a new inland waterways protocol route on the Gomati river would connect Tripura with Daudkandi in Bangladesh and ships would start ferrying goods within three months.
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
Number of women dying by suicide increased by almost 50% last year
CSO report shows a total of 421 lives were lost to suicide in 2019
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
What’s Going on with Peer to Peer Lender Grupeer?
A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions.
Ethereum Posts Breakout Rally as Analysts Set Upside Targets at $290
Ethereum could be positioned to see even further gains in the near-term, as this latest movement has provided its market structure with a serious boost.
Srikakulam: Temples witness big dip in offerings amid lockdown
Covid-19 has its impact even on God as most of the noted temples lost their sheen in the wake of lockdown imposed for the last 70 days.
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO
Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »
Universal Orlando plans to reopen resort hotels on June 2
ORLANDO, Fla. - Universal Orlando plans to reopen its hotels to guests on June 2, more than two months after they were closed to help prevent the spread of
‘Cut cigarette taxes to pre-GST levels’
This will help to bring market share of smuggled foreign brands: FAIFA
Tokyo Skytree to reopen June 1 after 3-month closure
The operator of Tokyo Skytree, a popular tourist destination in the Japanese capital, said Friday it will reopen the landmark tower on Monday after a three-month closure due to the spread of coronavirus infections. Tobu Tower Skytree Co said the 634-meter tower will reopen for shortened business hours from 9…
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Drew McIntyre offers advice to recently released WWE Superstars
McIntyre was, himself, fired before returning to the company and becoming WWE Champion.
Agriculture's contribution to Nigeria's economy in Q1 'highest in two years' - NBS
The contribution of Nigeria’s agricultural sector to the Gross Domestic Product (GDP) in the first quarter of 2020 was the sector's highest first-quarter
OPEC delivers three quarters of record oil cut in May: Survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout
The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.
What is the Covid Alert Levels system?
The Covid Alert Levels system is similar to that used to establish the terrorist threat and will be run by a new Joint Biosecurity Centre.
What is the Covid Alert Levels system?
The Covid Alert Levels system is similar to that used to establish the terrorist threat and will be run by a new Joint Biosecurity Centre.
Manning agents question order to shoulder lodging costs for quarantined seafarers
Most manning agency executives are questioning a Department of Labor and Employment order tasking them to shoulder the cost of accommodation for sea-based workers undergoing COVID-19 quarantine procedures.
Canada 'needs' airline industry, is monitoring day by day: minister
OTTAWA (Reuters) - Canada is closely monitoring the slumping airline industry and extended a ban on large cruise ships to Oct. 31 to help prevent the spread of the coronavirus, Transport Minister Marc Garneau said on Friday.
The Markets End The Week In An Uptrend (Technically Speaking For 5/25-5/29)
The leading indicators points toward a continued contraction. The coincidental data shows the sharpest contraction in the last 100 years. The overall trends rem
Saudi Arabia moved US$40 billion in reserves to sovereign fund
The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
India’s key growth engine grinds to halt in sign of slump
India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
Dell beats revenue estimates as remote working lifts workstation demand
ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...
Check out the People Mover (not monorail) coming to Bangkok
Automated people movers designed in Canada and built in China will soon arrive to whisk passengers between commercial developments on the Chao Phraya River The first of several Bombardier Innovia APM300s will arrive next month to service the Gold...
Jobs promise as Marston’s joins forces with Carlsberg
Jobs are likely to come to the West Midlands as it becomes the headquarters of a major new UK brewing operation.
China's post-Covid 19 'techno-nationalist' industrial policy
While Covid-19 brings China one step closer to technology-perfected authoritarianism through improvised health apps and real-time surveillance, Europe is busy looking inward.
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
Lupin Q4 results: Net profit rises 35% to Rs 390 crore
Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.
Seplat targets more acquisitions as shareholders get $59m dividends
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
Tivoli incursion - Ten Years On | Rudolph Brown: Gunshots whistling past us
I can remember when the Tivoli incursion start ... . I went down by Ocean Boulevard. We heard that the soldiers were taking up positions to enter Tivoli. ... After they went in, I start to hear a lot of explosions, like bombs dropping. Soldiers...
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.
UPS adds 'peak' surcharge amid coronavirus-fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...
Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds
A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly
LATAM's bankruptcy filing to delay its Brazil bailout to at least July: sources
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its ...
Indian IT eyes captives as global companies rejig operations
Global companies look to outsource work to large services firms to offset demand slowdown.
The wealthy will be on governments' radars in COVID-19 response
Taxes will be an obvious route for governments, and so will appropriation, says Citi
PLDT: No record of data being downloaded from company's support account
While hackers could have hypothetically grabbed data from PLDT's support Twitter account, the company says there's no record of customer data being downloaded from it
Rain Industries surges 17% on healthy operational performance in March qtr
The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
Nissan falls behind rivals in industry's critical transitional period
Nissan Motor Co.'s business downturn may be causing a costly delay in the global race toward new mobility technologies, analysts say.
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...
On this day 2016: Tony Bellew becomes WBC world cruiserweight champion
Bellew won the title at Goodison Park four years ago.
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
Coronavirus fears slow CRH blood donations – doc
WESTERN BUREAU: Fears emanating from the COVID-19 pandemic have caused concerns about blood donations to spiral at Cornwall Regional, the hospital’s senior medical officer has said. Dr Derrick Harvey made the observation during an interview with...
New heat seam machine for sealing PPEs launched
At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
Cyprus expects 600,000 tourists in August
Cyprus expects to receive some 600,000 passengers in August, transport minister Yiannis Karousos said Thursday, noting that this estimate includes people flying in on commercial and private planes, Ekathimerini writes. "There is a gradual lifting of measu...
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
How our very richest tripled their fortunes in a decade
Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.
India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain
Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21
Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification
Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.
Singapore to establish AI framework for 'fairness' credit scoring metrics | ZDNet
Monetary Authority of Singapore tasks two teams, comprising banks and artificial intelligence industry players, to develop metrics that ensure the "responsible use of AI" for credit risk scoring and customer marketing.
Stocks slip as markets await Trump’s HK response
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Can’t afford a real one? How about Lego’s RM1.6K Lamborghini Sian FKP 37 instead
For most of us, owning a Lamborghini—any Lamborghini—is a dream that’s destined to stay that way. The Sian FKP 37 was announced towards the tail-end of 2019, the first supercapacitor-based hybrid V12 from the Italian supercar makers, at a mouth-watering price of US$3.7 million (~RM16 million).
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar ...
Women who helped found Black Lives Matter address misconceptions of group
Behind the massive Black Lives Matter movement are black women. As protests over George Floyd heat up, the group's co-founders talk about the importance of their message.
US stocks end lower as China tensions end three-day Dow streak
NEW YORK: Wall Street stocks ended lower on Thursday (May 28) following a late-afternoon retreat on growing US-China tensions, as markets digested ...
S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis
In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con
Debate over $600 in jobless aid to intensify as claims rise
The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.
Origin turns to gaming to fend off disruption
Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.
Amitabh Bachchan Confused Over Bhumi Pednekar Calling Him Baller: Nobody's Telling Me What It Means
Bollywood superstar Amitabh Bachchan recently took a walk down the memory lane, and recalled his days on the sets of Kabhie Kabhie in Lucknow, 44 years ago. Among the fans who showered compliments on Big Bs post was actress Bhumi Pednekar.
Fears for several fashion stores after PAS Group enters voluntary administration
PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…
Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions
Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.
What's the cost of Covid lockdown? Today’s GDP data will give an idea
To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.
Pooja Hegde's fans furious on Samantha Akkineni after an alleged chat of the latter surfaces online
This whole scenario has triggered Samantha’s fans and prompted them to start the hashtag #PoojaMustApologizeSamantha on Twitter. However, in a surpris
Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript
Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-
Safari park's luxury lodges opening delayed until Easter 2021
The opening of West Midland Safari Park's new luxury lodges has been delayed until next year due to coronavirus.
Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic
Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
U.S. Stock Market Regains Lead As Top Global Performer For 2020
The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
India's Wipro names new CEO; Thierry Delaporte to take over July 6
Thierry Delaporte to join from Capgemini and will be based in Paris
Q4FY20 GDP estimates out today: What's in store for India's economy
Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
Athletics: Olympic champion David Rudisha ruled out for 16 weeks after suffering ankle fracture
The 31-year-old twisted his left ankle at his rural home in Kilgoris, western Kenya on May 19.
France reopening bars and parks next week
Bars, cafes, restaurants, and parks in France are to reopen on 2 June, marking the latest stage in lockdown-easing measures of one of Europe's strictest regimes, French prime minister Edouard Philippe said Thursday. "Freedom will become the rule, bans the...
NZD/USD faces a tough barrier around 0.6230 – UOB
NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “
Buhari submits Nigeria's budget to parliament
The proposal sent to both chambers of Parliament on Thursday is only marginally lower than the record 10.59 trillion naira budget approved in December by Buhari. It follows the inclusion of new items,
May Pen Hospital outpatient department gets needed facelift
Thanks to Kaleidoscope Paints, the May Pen Hospital outpatient department now has a fresh, clean look. CEO of the hospital Andrade Sinclair told The Gleaner that the building was in dire need of a facelift as it had not been painted in three...
Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar
‘We have had a very good winter harvest this time
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
North Sea green-hydrogen project welcomes a new partner
Neptune Energy (London) and DEME Group (Zwijndrecht, Belgiujm) have announced that DEME Offshore is joining the PosHYdon offshore hydrogen pilot as partner
RBI imposes Rs 4 crore penalty on Citibank
India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.
Soros Reportedly Suggests Reviving 18th Century Bond Scheme to Help EU Weather COVID-19 Cost
The billionaire also described the coronavirus as a threat to "the survival of our civilization", which "moves very fast and in unpredictable ways".
Pay.UK rolls out Request to Pay framework
Pay.UK has issued the message standards, rules and terms and condition for the development of Request to Pay services.
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
Stocks could trade 'drastically lower' on breakdown in trade between China and US, JPMorgan says
JPMorgan has turned cautious on equities after being bullish for months, according to an analyst noted published by Marko Kolanovic on Thursday....
Be careful in dealing with material info disclosure to investors: Sebi warns TCS
The regulator has asked the IT major to provide adequate and timely information.
Here’s where Google Pixel Buds are in stock today
Google's Pixel Buds quickly sold out after launch, but the popular truly wireless earbuds are still in stock at some retailers. Here's where.
New self-employment grant and furlough details: What does it all mean?
Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.
Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns
Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and
Sebi warns TCS over disclosure of material information to investors
Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors
Bithera to Launch Cryptocurrency Exchange and Start BHC Staking Program on May 30th, 2020
With the rapid growth of Bitcoin and thousands of other digital currencies, in just over 10 years, cryptocurrency has become a “fever” that attracts many technology engineers and investors worldwide. It only takes one opportunity of owning some virtual currencies such as Bitcoin, ETH, XRP, BNB, etc. for your assets to increase unlimitedly to thousands, even millions of times.
Greater Manchester councils still facing 'really scary' £400m coronavirus black hole despite bailouts
Andy Burnham described the situation as 'dire', while Bolton's Tory leader joined with Labour chiefs to call for more funding - but warned against being like 'Oliver with a begging bowl', always asking for 'more, more, more'
India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20
According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.
Resilient Square Stock Will Defeat the Bears
SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.
Are Jobs Returning In Reopened States?
States open the longest have been a mixed bag.
Wage subsidy scheme opened up to women returning from maternity leave
People returning from maternity leave are now able to access the Temporary Wage Subsidy Scheme.S...
Inside Kylie Jenner's quest to become a 'fake billionaire' - orchestrated by momager Kris
Kylie Jenner has been outed as a 'fake billionaire' by Forbes magazine, the very publication that declared her 'the world's youngest self-made billionaire
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
Travel outlook uncertain, demand may fall amid Covid-19 crisis: Vistara
Domestic air travel resumed on Monday after a span of two months and a majority of passengers in the first four days were those, who were left stranded in different parts of the country.
Alfa Romeo to cover finance payments on new cars if you lose job due to coronavirus
The car manufacturer has become the first in the UK to cover finance payments for owners of new vehicles for up to seven months at no cost to the driver if they lose their job due to Covid-19
Two quakes hit Rohtak in one-hour span; tremors felt in Delhi
The first quake, a medium intensity one of 4.5 magnitude, hit the Haryana city at 9.08 p.m. at a depth of 5 km. The second quake was of lower intensity of magnitude 2.9 and occurred at the same location at 10 p.m., the National Centre for Seismology said.
USD/CAD: CAD’s best days are behind it – TDS
The Canadian dollar has pulled its US counterpart to 2, ½ month lows at 1.3710, the FX Analysts’ team at TD Securities, however, are sceptical about f
South West Food Hub launches to help those feeding the nation
The initiative is supported by local organisations including the Heart of the South West LEP, the University of Exeter, Exeter City Futures, POM Support and the National Farmers' Union (NFU)
India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman
Indian economy grew at 3.1% in the last quarter of FY 2019-20.
EUR/USD seen at 1.05 on a 3-month view – Rabobank
The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see
Wearable device shipments increased nearly 30 percent YoY in Q1
Notably, IDC said growth was disproportionately spread across various form factors of wearables. The earwear category grew an impressive 68.3 percent and accounted for 54.9 percent of the entire wearables market. Fitness trackers, meanwhile, grew by 16.2 percent during the same period.
RCF Q4 results: Profit jumps nearly 3-fold at Rs 142 crore
Its net profit stood at Rs 47.16 crore in the year-ago period, the company said in a regulatory filing.
SEOs and developers: Why they’re better together [Video]
Google’s Martin Splitt discusses his mission to provide both sides with the knowledge and vocabulary necessary to close the gap.
Valorant was played by nearly 3 million players a day during closed beta
While Twitch viewers racked up 470 million hours.
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue ...
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
The 5 Best 5G Stocks on the Market Today for Investors
From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.
Powell: Fed to soon begin 'challenging' Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Delhi HC vacates order restraining Vedanta from invoking bank guarantees
Senior advocate Harish Salve appearing for the Vedanta submitted that at the outset the law relating to Bank Guarantees is very well settled
Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%
Agriculture, govt spending saviours; industrial, services growth shrink
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
USD/JPY extends rebound and prints fresh daily highs above 107.70
The USD/JPY pair broke to the upside after moving sideways for hours during 107.05 and 107.30. It climbed to 107.82, hitting a fresh daily high as the
Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove
Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each
Gold Mining Stocks Flip From Losses To 5x Leveraged Gains
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next
Sign of Some Upside Ahead for Boeing Stock
Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.
China to restrict expansion of solar equipment producers
China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
Gardner Minshew fueled by criticism of Jaguars by analysts
The Jaguars are projected to be one of the bottom three teams in the NFL in 2020, but the team’s quarterback doesn’t see it that way. Jacksonville shockingly failed to make a head coach…
Nike Running's Fastest Sneaker Ever Releases This Summer
The Air Zoom Alphafly NEXT% will speed into retailers over the course of June and July.
Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again
Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.
Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End
The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.
Veolia to install Anammox wastewater treatment unit in Australia
Veolia Water Technologies and Urban Utilities are working to install Asia Pacific’s first full-scale sidestream ANITA Mox treatment plant this year. A firs
Why Aurora Cannabis Stock Dropped 10% This Morning
Investors seem uncertain that a relatively big bet on CBD oil will pay off.
Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern
Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr
Pie Insurance Secures $127 Million Through Latest Investment Round
Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the fundin
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
Aston Martin: Dealt Great Cards Now They Need To Play The Hand Better
Aston Martin recently reported disappointing Q1 results, continuing the share price free fall. Aston Martin shares are now down 94% since IPO, leaving many to w
Dumpster Diving: (Potbelly Corp. Edition)
Before COVID-19, Potbelly was showing tangible signs of a business turnaround. If you look at Q4 2019 results, the company had its best comps in three years at
CBA says crisis reinforces its X15 mission to create new start-ups
CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.
Will the US soon treat Hong Kong like china? Much is at stake
Hong Kong risks becoming collateral damage in the growing rivalry between China and the United States.
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
Rich Lister winners and losers so far
With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.
U.S. FDA asks five firms to recall diabetes drug with high levels of probable carcinogen
(Reuters) - The U.S. Food and Drug Administration (FDA) said on Thursday it has recommended five pharmaceutical firms to voluntarily recall their diabetes drug metformin after the agency found high levels of a possible cancer-causing impurity in some versions of the medication.
Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript
Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and
North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement: Report
More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-bo
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Best of BS Opinion: Diversity in boardrooms, earnings drought, and more
Here is a summary of Business Standard opinion pieces for the day
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
Major Brisbane bridge closed this weekend, free tolls on offer
One of Brisbane's busiest bridges will be partially closed this weekend for maintenance.
EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11
EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe
Ukraine's chief banker: Most of problems on labor market unrelated to COVID-19
The second cause is low productivity.
World Bank suggests possible extra replenishment of IDA lending arm
WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...
UP amends revenue code, simplifies land acquisition process to expand land bank for industries
It has amended the Revenue Code and also decided to simplify the process of land acquisition within a distance of one kilometre on both sides of the expressways under the Land Acquisition Act 2013.
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript
The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -
FSDC meet: Govt, regulators to step in with more liquidity measures
Both the Centre and the regulators have stepped up focus on “avoiding a prolonged period of dislocation in financial markets”, the council added.
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
Amazon Faces A Brand New World
The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and
Major Brisbane bridge closed this weekend, free tolls on offer
One of Brisbane's busiest bridges will be partially closed this weekend for maintenance.
RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance
RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.
Number of FDI projects in Northern Ireland fell last year, but report finds US investors largely unfazed by Brexit
THE number of foreign direct projects in Northern Ireland fell by 15 per cent last year, but a new survey from EY suggests overseas investment should remain relatively resilient despite the impact from coronavirus.
MPIC aid to help fight Covid-19 hits P348 Million
Infra conglomerate shows compassion via “Tulong-Kapatid” Makati, Philippines, 26th May 2020 - Donations of key anti-Covid 19 goods and initiatives, namely, food, water, medicines and Personal Protective Equipment (PPE) from Metro Pacific Investments Corp. (MPIC) and its subsidiaries, reached P348 million this week.
Banks free to do due diligence on guaranteed MSME loans
Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.
India's economy may have grown at slowest in 2 years during March quarter
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
UN chief warns leaders pandemic may cause historic famine
Secretary-General Antonio Guterres warns up to 1.6 billion people may be unable to earn a living unless action taken now
Nanoscope received NIH grant to advance ultrafast laser-based gene delivery to the retina
The Nanoscope team has developed Multi-Characteristic Opsins to sensitize cells toward low level of white light so that vision is improved at ambient room light.
7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures
The coronavirus has had a massive impact on Australian businesses.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
CBA: Huge fiscal stimulus props up household income
Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:
Australia's New South Wales state warns of Covid-19 budget toll
SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...
FIRS: The burden of leadership - The Nation Nigeria
But those who wear the crown know where it hurts. So it is with the leadership of the Federal Inland Revenue Service (FIRS) at....
U.N. chief warns leaders coronavirus pandemic may cause historic famine | Honolulu Star-Advertiser
UNITED NATIONS >> The U.N. chief today warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
Sales of electric vehicles increase
Portugal has seen sales of electric or hybrid cars increase in the first quarter by 57 percent, compared to the same period in 2019, but associations fear that the trend will fall due to Covid-19.
Hoboken Fire Department promotes first female battalion chief
The Hoboken Fire Department has promoted its first female battalion chief.
Franklin Templeton to soon start e-voting process for winding up six debt schemes
Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.
Blackmores steadies the ship
The largest shareholder in Australia's biggest vitamins company is positioning for the future on many fronts.
China extends its anti-dumping investigation into Australian and Japanese chemical exports
According to Reuters, China announced that it extended its anti-dumping investigation into the Australian and Japanese chemical exports. more to come
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
Binance USD (BUSD) Stablecoin Added to KyberSwap Exchange and other dApps based on Kyber Network
BUSD (Binance USD), a stablecoin pegged 1:1 with the US dollar, will be accessible via the KyberSwap exchange and other decentralized applications (dApps) and p
Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains
Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity
Stonewalled on mussels
Earlier this month, the Okanagan Basin Water Board reminded the public that the battle against invasive mussels hasn't gone away during the COVID-19 pandemic.
GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years
Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Covid-19 crisis to cause FDI investment to the Republic to fall by 20% this year
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Netflix Is Impressed By This Woman's "Genius" Hack To Use Ex-Boyfriend's Account
Social media users have been left impressed by a woman who used her ex-boyfriend's account to watch Netflix for two months before anyone got wind for the fact.
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
[People Talk] COVID-19: Should FG reopen churches, mosques?
"I support that FG should reopen churches and mosques. At least we go to market everyday and people move from one place to the other."
US restaurants concerned over sales losses due to capacity constraints
A survey of 2,500 US consumers conducted this month found that three-quarters planned to avoid restaurants or dine out less frequently, according to Wall Street firm Cowen
Let’s speed up digital change at banks
There is space available for digital-enabled SME-focused entities to make headway
Covid-19 crisis to trigger 20% fall in FDI
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Storm warning: Parts of WA urged to prepare as another cold front closes in
Locations which may be affected from Friday morning include Albany, Bunbury, Busselton, Katanning, Mandurah, Manjimup, Margaret River, Mount Barker, Narrogin and Perth.
Pandemic job losses slow down
The pace of job losses is slowing but still extreme, setting the expectation that job loss will still be at a historic high next week.
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France
French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…
Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
As Australia opens back up for businesses, jobseekers are once again searching for roles in hospitality and other hard-hit sectors
The Australian job market has just undergone what will go down as its strangest few months on record, as businesses begin reopening their doors.
Water market may not be 'good thing for the country', Basin chief says
The Murray Darling Basin Authority chief says water markets favour high-margin crops over traditional industries at the cost of regional communities.
‘Oil revenue may drop further to 25 per cent of budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed
Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill
Bharti Infratel hits over 3-month high; zooms 100% from March lows
The stock rallied 8% per cent to Rs 243 in the intra-day deals today, and was quoting at its highest level since February 14, 2020 on the BSE
Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver
Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
East African Portland Cement To Fire More Employees
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Merkel Is Seizing Her Chance to Revolutionize Germany's Economy
(Bloomberg) — On a gloomy Friday in March, with the devastation of the coronavirus becoming clear, senior officials in Chancellor Angela Merkel’s government realized that extraordinary measures were needed to shore up Europe’s largest economy.
DU PG Admission/Entrance Test to be conducted from July 27
NTA will conduct the PG Entrance exam and the registration process will begin from June 8.
Bank of Russia to Develop Digitial Mortgage on Blockchain Platform
Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project.
India’s key growth engine grinds to halt in sign of slump
Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
Givealittle page raises money for drought-stricken Hawke's Bay farmers
"There is a massive and critical lack of feed, and some farmers are in dire situations, mentally exhausted and trying to keep stock alive."
CBN forecasts slower growth, reduces lending rate to 12.5%
Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...
UAE job hires - Tech skills are the most wanted
But mid- to senior management positions are worst hit in this downturn, and more to come
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
Row over N50b AMCON’s bailout, new loans for aviation
The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
BBVA calls for easing of coronavirus restrictions
Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
Datalogic Makes Investment in AWM Smart Shelf
The deal positions Datalogic for growth into new technology areas.
Are low-interest rates making you jittery? Consider P2P lending
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
Ministry proposes $69m stimulus for fisheries, aquaculture
Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.
Pacific Premier Bancorp's Temporarily Elevated Expenses, External Factors To Pressurize Earnings
The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors
Euro zone flash inflation at four-year low in May
Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May
Elon Musk gets a $770 million award as Tesla hits goals
He can't sell the shares yet, though.
Here are 7 of the top chart patterns used by technical analysts to buy stocks
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Tech spends in India to hit a 10-year low in 2020: Forrester
In 2020, India will have the slowest tech spending growth in at least a decade on account of sharp economic disruption due to the Covid-19 pandemic, according to a new report by market research firm F
US indicts North Koreans, accuses state-owned bank of evading sanctions
The US Justice Department accused North Korea's state-owned bank of evading US sanctions laws and charged 28 North Korean and five Chinese citizens in its largest crackdown on North Korea sanctions violations.
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs
Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.
GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"
The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
SoftBank leads $500 million fundraising for Didi's self-driving unit
BEIJING/SHANGHAI (Reuters) - China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Gold clings to gains near session tops, around $1725 region
Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst
Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis
What’s Keeping Stocks Afloat? The ‘Microsoft Market’
The tech giant is a mainstay of the industry that lets companies, governments and people navigate disruptions caused by the coronavirus and other threats.
AUD/USD: The key resistance area at 0.6658/6706 continues to cap any attempt to break higher – Credit Suisse
AUD/USD is seeing a further attempt to break above the pivotal resistance zone at 0.6658/6706, which ideally continues to cap, according to analysts a
ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector
The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.
South Korea: Lower rates and GDP downgraded – UOB
UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
India-dedicated funds attract zero investments in April due to Covid-19
This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes
Foreign Direct Investment inflows into Tamil Nadu declined by 8.5% in 2019-20
A senior State government official however said it had been a good year for investments for Tamil Nadu
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
National Marker Company (NMC): High-quality custom signs endorsed by Carroll
National Marker Company (NMC) has been providing high-quality safety identification products and custom signs for more than 80 years.
Canadian companies are slow-walking, not running, back to the office
Nearly a third of respondents in a recent survey feel the safest course, for now, is to ask employees who are currently working from home to keep working from home
GBP/USD: Failing to take over the 1.2360 critical resistance
Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Gender inclusion, the Infosys way
Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,
EXCLUSIVE: Staff to be made redundant at Tayside manufacturer after slump in orders
A Tayside manufacturer is to make dozens of people redundant as Covid-19 has resulted in a slump in orders.
Google's interest positive but may not help solve Voda Idea's debt woes
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note
The Smartest Stocks to Invest $2,500 Into Right Now
Your pocketbook will thank you if you hang onto these quality companies for the long term.
Gold price flat ahead of Trump’s Hong Kong response
Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
China excludes clean coal projects from list eligible for green bonds
SHANGHAI (Reuters) - China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
Debt market’s love for G-Secs & PSU papers is here to stay
Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities
The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.
An economic turning point for Europe?
The coronavirus may finally shock the continent out of its austerity mindset
No proposal before board now, says Voda Idea on Google picking stake in co
The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
Nissan tight-lipped about strategy for Africa as it ‘transforms’
After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.
What every Canadian investor needs to know today
A look at the morning’s market action
Finance ministry not in favour of raising GST rates on non-essential items
Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
NEA: I See Reasons To Remain Long
NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie
Coronavirus effect: UK car production likely to drop to lowest level in decades
Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis
Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again
The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
Need to know: Friday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi
KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...
Minister to join in chamber event
Minister for International Trade Greg Hands will be taking part in a Black Country Chamber of Commerce online Zoom event on Friday, June 5.
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action
KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet
Over 100 new cases have been linked to Coupang facilities.
EUR/USD Forecast: Looking for a Fresh Chance to Buy
The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
Merger of three state-owned general insurers on back burner due to Covid-19
Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year
How Coronavirus is Impacting Digital Payments in Emerging Markets
Emerging markets have been the scene for creative innovations in payments for the last decade, says Wirex CEO Pavel Matveev.
IDC: Hearables market sees growth, but smartwatch sales decline in Q1 2020
The first quarter of 2020 had the wearables market see a significant growth despite the ongoing Coronavirus pandemic. According to an IDC report, the hearables market has seen impressive growth during this time of crisis, while smartwatches and fitness trackers have seen a decline in sales. The hearables category includes all the headphones, earphones earbuds, …
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.