Economy 1005
Venezuela celebrates docking of tanker with Iran gasoline
The first Iranian ship to arrive is trailed by four other tankers. The shipments, however, only carry enough fuel for two or three weeks, analysts say.
Brazil Toughens Rules to Avoid U.S.-Style Disruptions
Brazil, the biggest exporter of beef and chicken, is betting on a new set of safety standards to avoid the kind of mass processing disruptions that caused meat shortages and price spikes in America.
Forex Today: Dull start to the week
What you need to know on Tuesday, May 26th: It was a dull start to the week, with the US and the UK on holiday. Those equities markets that were opene
The Week Ahead, S&P 500 Futures Are Up +1% And Poised To Reach 3,000
If after reading this article you conclude that I haven't gotten over the short shrift stocks gave the China-US rift last week, you'd be right. The futures for
Sterling Bank offers to partner with Cynthia Morgan — amid feud with Jude Okoye
Sterling Bank Plc has offered to partner with Cynthia Morgan, Nigerian singer, for its 'One Bank' campaign.The bank took to its social media page on Monday
China warns US of countermeasures over Hong Kong trading threats
China warns US of countermeasures over Hong Kong trading threats
Here’s the key to constructing a portfolio for what comes next
Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective
Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt
Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices
Government’s ‘Job Maker’ plan to be revealed today
The Prime Minister is today expected to unveil plans of the new ‘Job Maker’ program, as part of plans to reignite the Australian economy. The program will encourage small, medium and large businesses…
Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
McSally: China Is Taking 'First Step of Taking Hong Kong Back Over'
On Monday's broadcast of the Fox News Channel's "Fox & Friends," Sen. Martha McSally (R-AZ) stated that China is taking a "reckless" "first step of | Clips
Lotte resumes tender offer to buy more PCPPI shares
Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products Philippines Inc. after filing an updated valuation and fairness opinion with the Securities and Exchange Commission.
California Reopens Places of Worship, In-Store Retail Businesses
California, which has seen some of the most serious restrictions introduced due to the COVID-19 outbreak in the United States, started to gradually reopen its economy...
NZD/USD is perched on a fragile branch, struggles to break higher
NZD/USD is trading at 0.6100, +.01% on the day as we head into the early Asian open. The pair has traded between a range of 0.6083 and 0.6108 on what
Air Canada, Transat deal faces intense EU antitrust scrutiny
BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
No mask, no service? Businesses have the right to require masks on customers
TORONTO — If you were hoping to get out of putting on a face mask to visit stores and other businesses demanding customers wear one, think again.
Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline
Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.
Brazil turns to multilateral lenders in coronavirus crisis
BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.
What lockdown looked like in Wales on Bank Holiday Monday
The majority of people were confined to their gardens due to the coronavirus lockdown
Venezuela celebrates docking of tanker with Iran gasoline
The first Iranian ship to arrive is trailed by four other tankers. The shipments, however, only carry enough fuel for two or three weeks, analysts say.
German government takes 20% stake in $10B Lufthansa bailout
May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
Victoria’s BRI deal benefits local economy
Australia’s southeastern Victoria state should stick to its partnership with China to cooperate on the Belt and Road Initiative (BRI), despite noises made by politicians in Canberra, Chinese analysts said.
HSBC board rethinks overhaul and seeks even sharper cuts
More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs
JobKeeper to be reviewed – but Treasurer rules out expansion
The Treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.
Iran’s Oil Minister: Demand for oil is ‘very vague’
The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are
Lyon boss asks PM to reconsider early end of French season
Lyon president Jean-Michel Aulas is asking French authorities to backpedal on their decision to end the football season prematurely amid the coronavirus pandemic. The men’s league was canceled four weeks...
Bayer says it makes progress in settlement talks over weedkiller
FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
Virtual Reserve Bank cash cut lowers rates
A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.
UK PM Johnson backs key aide over lockdown breach claims
British Prime Minister Boris Johnson has defied pressure from within his own party and backed top aide Dominic Cummings over allegations he breached coronavirus lockdown rules.
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
German economy starting to see light at end of tunnel - Ifo economist
BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.
‘It’s very worrying’: Jobs axed and fears for tourism industry in Perthshire town as hotel permanently closes
The closure of a landmark Perthshire hotel has sparked fears for the local economy as the coronavirus lockdown takes its toll on tourism in the area.
Cullen commission into money laundering in British Columbia resumes today
VANCOUVER — Money laundering in British Columbia will be under scrutiny again this week when a public inquiry resumes today.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Rental market hit by student exodus: Gurner
Tim Gurner says the treatment of foreign students by state and federal governments 'was incredibly poor' and its impact on the rental market will be huge.
Have your say on Hepburn Shire's proposed budget
Hepburn Shire Council's proposed budget for 2020-2021 is currently being exhibited for public feedback. The budget will deliver $12.12 million in capital work...
Walmart - Impressive, But Not Impressive Enough
Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d
Hong Kong Exports Tumble in April as Virus Disrupts Commerce
Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.
Coronavirus crisis: All that's bad about a 'Bad Bank'
The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better
Germany approves 9 billion euro aid package for Lufthansa
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...
P240K mj seized from ‘BoC rep’ in Malate
OPERATIVES from the Manila Police District (MPD) confiscated six blocks of marijuana with a street value of about P240,000, from a man claiming to be a 'customs representative,’ during a buy-bust operation in Malate, Manila yesterday.
Taiwan promises 'necessary assistance' to Hong Kong's people
"Bullets and repression are not the way to deal with the aspirations of Hong Kong's people for freedom and democracy."
Fitch sticks to AAA credit downgrade warning
Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.
Stillaguamish Tribe gives $1M to food banks, fire services
“I had to do a double take,” said the director of the Stanwood Camano Food Bank, which received $300,000.
Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days
Trade body advises members to only export to countries which have announced stimulus
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Gold trades with modest losses, holds above $1722 support zone
Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just bel
This Sticker Job For Just Rs. 1,500 Makes Suzuki Ertiga More Premium
We come across several modifications of cars and bikes but only a subtle few would apply and appeal to everyone and here is one such of the lot
German IFO’s Economist: Economy sees light at the end of the tunnel
Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad
Nigeria’s GDP expands by 1.87% amid global challenges
The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Four ways to create more diversified and resilient portfolios
Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19
EUR/USD: Geopoliticals risks can send the euro down
EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam
Slump in consumption, exports push Germany into recession in Q1
A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC
GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further
Laptop imports from China surge during shutdown
Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.
Workplace bullying costs economy €239m per year
NUI Galway study finds that bullying is more prevalent in public sector than the private
Asian shares tick up, eyes on China-US trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...
'Very weak': Labor warned over Victoria's credit status
Ratings agency Standard & Poor's is worried about post-COVID debt, deficit and public sector wage bill.
Coronavirus impact: Tata Group top rung to take 20% pay cut
Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company
Sungura Musician Turns To Selling Airtime As Lockdown Financial Constraints Mount
Sungura Musician Turns To Vending Airtime As Lockdown Woes Mount. A Sungura band which hails from Redcliff, in the Midlands province has bore the brunt
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50,000
When my wife and I bought our home about three years ago, we were thrilled to just be approved for a loan. As a newly self-employed writer, we definitely had to jump through a few hoops to buy our home despite credit scores above 800.
‘Inclusive, affordable’ South Surrey project aims to meet ‘desperate’ housing need
Public consultation on 91-unit ‘Harmony’ to launch online next month
Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Business Insider - Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.. Read more at businessinsider.sg
EU must present united front to shield pandemic-hit banks: regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority
British farmers 'will go out of business' in UK-US trade deal, Theresa Villiers warns
British farmers “will go out of business” as a consequence of a trade deal with the United States, former environment secretary Theresa Villiers has warned. Admitting that she had "great fears" about "unfettered competition between domestic farmers and US imports", she said it would
CBD Melbourne: Some free advice for private equity giant Bain
Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
[Update: 2020] Google marks Memorial Day with ‘Taps’ bugle call, gray Doodle
May 27th in the United States is Memorial Day. A Google Doodle Memorial Day message today will play a special bugle call at 3PM local time...
USD/JPY Price Analysis: Sticks to modest gains near 50-day SMA, around 107.70 region
The USD/JPY pair held on its modest daily gains through the early North American session and was last seen trading near the top end of its daily tradi
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.
Premier Ford to make announcement today alongside Ontario’s associate minister of small business
Premier Doug Ford will be making an announcement in Toronto this afternoon alongside Ontario’s associate minister of small business and red tape reduction.
National Trust ‘deeply concerned’ as Sizewell C plans about to be submitted
National Trust bosses are “deeply concerned” about the impact a new nuclear power station could have on an “irreplaceable stretch” of the Suffolk coast and say they are still waiting for vital information about the project.
Rhumbline Advisers Increases Stock Position in Fox Corp (NASDAQ:FOX)
Rhumbline Advisers boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 9.8% in the first quarter, HoldingsChannel.com reports. The fund owned 264,628 shares of the company’s stock after purchasing an additional 23,633 shares during the period. Rhumbline Advisers’ holdings in FOX were worth $6,055,000 at the end of the most recent reporting period. Other […]
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
A massive transformation is taking place at elite litigation powerhouse Boies Schiller Flexner.
Bank of Israel leaves rates unchanged, sees less economic damage in 2020
JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.
Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)
AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]
Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)
Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]
Jobless benefit requests by Portugal's young spike 52% during pandemic
LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday
Tipplers throng outlets as liquor sales resume in Puducherry after two months
Directions to the booze-lovers included strict adherence to social distancing. Markings were made on the road close to the shop to ensure that the people observed physical distancing.
Ikea introduces new shopping rules as 19 stores reopen to the public
The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach
Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)
Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its […]
Aigen Investment Management LP Sells 75,814 Shares of Marathon Oil Co. (NYSE:MRO)
Aigen Investment Management LP trimmed its position in Marathon Oil Co. (NYSE:MRO) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,780 shares of the oil and gas producer’s stock after selling 75,814 shares during the period. Aigen […]
Breaking: Africa Top Brands: MTN, Dangote emerges most admired African brands
MTN, Dangote has emerged the most admired African brands at the 10th Brand Africa 100, Africa's Top Brands anniversary.
6,668 Shares in AmerisourceBergen Corp. (NYSE:ABC) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC purchased a new stake in AmerisourceBergen Corp. (NYSE:ABC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,668 shares of the company’s stock, valued at approximately $590,000. Other hedge funds also recently added to or reduced their stakes in […]
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
MEXICO CITY, May 25 — A slowdown in China’s economy this year should allow Mexico to attract more investment, lure companies and create jobs, Mexican President Andres Manuel Lopez Obrador said today. Speaking at a regular government news conference, Lopez Obrador pointed to forecasters’...
Business gives Ramaphosa’s plan to reopen economy the thumbs up
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
Vedanta’s delisting plan: What choice do shareholders have?
The price of ₹87.5 per share indicated by the company may be too low; but investors have the choice of placing their bids higher
Huawei P40 Pro Plus will go on sale for the first time from June 6 in China
Huawei announced the P40 series globally in late March, followed by a separate launch event for China in April. The standard P40 and P40 Pro were soon available to purchase in most regions. But now, finally, the star of the series – Huawei P40 Pro Plus with 10x optical zoom will be going on sale …
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....
EU must present united front to shield pandemic-hit banks: regulator
FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.
Realme 10000mAh Power Bank 2 with 18W two-way fast charging launched
Realme held a launch event today in India where the much-touted Realme Smart TV was launched alongside the Buds Air Neo TWS earbuds and the Realme Watch, the brand’s first smartwatch. The Chinese brand also announced a new Realme Power Bank 2 with a 10000mAh high-density Lithium polymer battery which the company claims has less …
Central Bank warns people of four unauthorised financial firms in operation
The Central Bank says Aran Asset Management, MSIM Fund Management, and CMS ICAV have cloned the details of already existing firms.
Russian mediation reopens major highway in NE Syria
Turkish troops and allied Syrian fighters captured parts of the highway known as M4 in October, when Ankara invaded northeastern Syria to drive away Syrian Kurdish fighters.
ETRADE Capital Management LLC Sells 5,934 Shares of Valero Energy Co. (NYSE:VLO)
ETRADE Capital Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the oil and gas company’s stock after selling 5,934 shares during the quarter. ETRADE Capital Management […]
Darden Restaurants (NYSE:DRI) Price Target Raised to $88.00
Darden Restaurants (NYSE:DRI) had its price objective upped by KeyCorp from $75.00 to $88.00 in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Other equities research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Darden Restaurants from a […]
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...
GBP/USD clings to modest gains, bulls await a move beyond 1.2200 mark
The GBP/USD pair edged higher through the early North American session and was last seen trading near the top end of its daily trading range, just bel
USD/MXN: Slight relief for the peso – CIBC
The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys
Bear breaks into car but owners scream so much it decides it's not worth it
'Don't f**k with the Mercedes.'
UP CM Yogi Adityanath’s decision on other states needing UP govt nod to employ its migrant workers is harmful, hurried, says BSP
Yogi Adityanath government had said that states seeking to employ workers from Uttar Pradesh in future will need to take the state government's permission.
UP plans migration commission to help find jobs for workers returning home
Yogi Adityanath said other states will need permission from the UP government if they want to make use of labourers from Uttar Pradesh.The UP government will offer training, along with an allowance, to migrant workers once the skill mapping is over
ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]
Commercial real estate to move northwards in Tier 2 markets post Covid-19
Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.
Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality
The housing market scene might soon resemble more of a hospital and less of a home but Lehigh Valley real estate agents say these measures are going to be crucial moving forward amid the COVID-19 pandemic.
S&P/TSX composite starts week higher, U.S. stock markets closed for holiday
TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.
Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]
Germany mulls €50,000 a month for stricken firms
FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...
Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
CBD Melbourne: Some free advice for private equity giant Bain
Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
ETRADE Capital Management LLC Purchases New Holdings in Docusign Inc (NASDAQ:DOCU)
ETRADE Capital Management LLC acquired a new stake in Docusign Inc (NASDAQ:DOCU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,364 shares of the company’s stock, valued at approximately $496,000. Several other hedge funds and other institutional investors have also added to […]
China plans to begin shifting its citizens stranded in India from June 2
China will ply flights to help its citizens stranded in India and facing difficulties to return to the mainland from June 2, as per a tentative schedule published on the website of the Chinese Embassy in New Delhi on Monday.
AbdulRazaq appoints replacement for Gambari as KWASU Chancellor
The Kwara State Governor, AbdulRahman AbdulRazaq, has approved the appointment of a new chancellor for the Kwara State University (KWASU).
EUR/GBP alternates gains with losses near 0.8950
The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile
California Retail Employee Shares Photo Of Her Battered Face After Being Attacked By A Customer
‘It was so fast, I couldn’t even put my hands up,’ said Samantha Clarke. Samantha Clarke of Modesto, California, is an employee at a Big 5 sporting goods store. Earlier this month, ...
Refunds likely to bury retail boost from pent-up demand
For shell-shocked consumers, mass job losses and emptier social calendars mean cash will prove more alluring than unused purchases.
WSSCC Names New Executive Director
GENEVA, May 25, 2020 /PRNewswire/ -- The Water Supply and Sanitation Collaborative Council (WSSCC) and UNOPS announce the appointment of Mr Domini...
Economists See China Holding Stimulus in Check Amid Uncertainty
(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
NGSA, MCO, others demand release of 17 illegal Chinese miners by Osun Govt for prosecution
NGSA, Mining Cadastre Office, MCO, and other mining professionals, Sunday, demanded the release of 17 illegal Chinese miners by Osun govt.
Why markets don’t care about Hong Kong
Via the excellent Damien Boey at Credit suisse:
UNILAG centre seeks investment in housing
With housing taking a focal point in response to CoVID-19 pandemic, the Centre for Housing and Sustainable Development (CHSD), University of Lagos has advised the Federal Government to ensure investment in short-term housing.
ASX 200 Index: Australian shares start out the week 1.5% higher
Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin
CIBN outgoing President advocates ethical leadership in banks
THE outgoing President/Chairman of Council of The Chartered Institute of Bankers of Nigeria, CIBN, Dr. Uche Olowu, has
RBA to update transaction processing and settlement system for new payment streams | ZDNet
The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.
Alibaba Drops After Projecting Slowing Growth in Uncertain Times
Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.
Shareholders set agenda for new SEC management
SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b
Taiwan promises ‘necessary assistance’ to Hong Kong’s people
Taiwan has become a refuge for a small but growing number of pro-democracy protesters fleeing Hong Kong, which has been convulsed since last year by protests.
Australia’s international trade took a dive in April
The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:
Delhi's First Departure is to Pune, Mumbai's to Patna as Domestic Flight Ops Resume After 2 Months
Both the flights were operated by IndiGo. While the Delhi-Pune flight departed at 4.45 AM, the Mumbai-Patna flight took off at 6.45 AM today.
Globe and Mail: Canadian PM Trudeau asks bank CEOs for views on economy, coronavirus relief – Reuters
Early Monday morning, Reuters came out with the news, relying on the Globe and Mail, to convey that Canadian PM Just Trudeau seeks guidance to determi
SAI Releases Rs 8.25 Cr As 'Out of Pocket Allowance' For 2,749 Khelo India Athletes For Q1 2020-21
Athletes from 35 states and union territories have been given the OPA in 21 sporting disciplines with the maximum number of Khelo India athletes in the following five states - Maharashtra (386), Haryana (381), Delhi (225), Punjab (202) and Tamil Nadu (165).
Update: Mr Lee’s Pure Food Co’s Equity Crowdfunding Campaign Surpasses £1.8 Million During the Final Days on Seedrs
Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is now
Australia's exports fell 12% in April
The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la
Gold Price Analysis: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
State Governments face unprecedented financial crisis
The report stated as follows: “the states were expecting to share N3.3 trillion from the Federation Account during the year, they
Crowdfunding projects help virus-hit businesses in Japan
Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.
UoN to get lion’s share of Sh6.6bn salary raise
Parliament approved the payment in a supplementary budget last month.
Minted looks to cash in with return to form at Newcastle
The three-year-old resumed with a strong run under a big weight at Kembla and looks well placed to break back into the winner's stall in a class 2 handicap.
Debt of consumer discretionary firms faces a downgrade
Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.
PNP to go hammer and tongs vs 405 for SAP aid anomalies
PHILIPPINE National Police Criminal Investigation and Detection Group director, Major General Joel Napoleon M. Coronel, yesterday said a total of 405 persons are under fire for their alleged involvement in anomalies regarding the distribution of Social Amelioration Program (SAP) cash subsidy.
Newcastle United should rekindle interest in Danny Ings amid Southampton fire-sale reports
Newcastle United were reportedly keen on the striker back in 2018.Newcastle United were reportedly keen on the striker back in 2018.
2 men jailed for selling fake Q-pass in Bulacan
TWO men selling fake quarantine pass in Bulacan were arrested by the local police in an entrapment operation in Malolos City shortly before noon Sunday, Bulacan Police Provincial Office director, Colonel Lawrence B. Cajipe said.
Slump in consumption, exports push Germany into recession in Q1
BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...
China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered
Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD
McDonald's reveals plan to open more branches
The fast food giant has only reopened a small number of branches in the south east of England - but its CEO says it has 'not forgotten' about the rest of the country.
Melon-aires not required as Japan premium fruit prices plunge
A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
EUR/USD: The global outlook points to be positive for the euro – Danske Bank
While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna
Report warns of major tax shortfall due to drop in household spending
The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...
Duty-free booze bonanza for Australians under new proposal for 'Trans-Tasman bubble' travel
Under existing limits, travellers can purchase more duty-free alcohol when visiting New Zealand than they can when travelling to Australia.
Chromebook to win most in Japan purchase program, says Digitimes Research
The Japanese government will begin a JPY300 billion (US$2.786 billion) plan to purchase mobile computing devices to cope with urgent demand for remote study triggered by the coronavirus pandemic, with Chromebooks likely to emerge as the favorite thanks to their advantages in hardware and software costs as well as local industry support.
USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark
The USD/JPY pair edged higher on Monday and was last seen trading near the top end of its daily trading range, around the 107.70-75 region. The pair m
Texas Instruments Makes It Harder to Run Programs on its Calculators
An anonymous reader quotes Engadget: Texas Instruments' graphing calculators have a reputation as hobbyist devices given their program support, but they just lost some of their appeal. Cemetech has learned (via Linus Tech Tips) that Texas Instruments is pulling support for assembly- and C-based pro...
Tokyo stocks rally on hopes for economic restart amid pandemic
Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…
Duty-free booze bonanza for Australians under new proposal for 'Trans-Tasman bubble' travel
Under existing limits, travellers can purchase more duty-free alcohol when visiting New Zealand than they can when travelling to Australia.
Asian stocks subdued after China imposes new law on Hong Kong
Global financial markets already struggling to deal with huge economic uncertainty
As corona crisis eases, Israel opens for business again
Beaches, synagogues and shopping malls are now open, soon to be followed by restaurants, bars and hotels.
KBC staff sue over pension funds
Broadcaster says it’s unable to pay the sum at once.
Minted looks to cash in with return to form at Newcastle
The three-year-old resumed with a strong run under a big weight at Kembla and looks well placed to break back into the winner's stall in a class 2 handicap.
China's swoop on Hong Kong autonomy 'utterly offensive'
Several former foreign ministers have criticised Beijing for its proposed new laws aimed at silencing dissent.
Deficit monetisation: Is it really as simple as RBI printing more money?
India has a comfortable foreign exchange reserves of $487 billion currently.
ACTU lays out demands for Virgin bidders
With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.
Johnson under pressure over defence of Cummings' lockdown breach
The UK Prime Minister is coming under increasing pressure to sack his top adviser after it emerge...
JobKeeper blunder may have forced up debt costs by $180m
The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.
Supersonic Tejas aircraft to be inducted 27 May
Chief of Air Staff Air Chief Marshal R K S Bhadauria will operationalise the No 18 Squadron ‘Flying Bullets’ of the Indian Air Force on 27 May with the induction of supersonic LCA Tejas aircraft. The event will be held at Air Force Station, Sulur near Coimbatore. Continue Reading →
Nikkei rises, but Hong Kong shares slip as tensions with China heat up
Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.
CEO buys ailing New Zealand media giant for one dollar
Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.
US Dollar Index pushes higher and approaches 100.00
The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.
UK's Sunak authorises bailout plan to rescue strategically important companies
LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...
Coles lifts all purchase limits on grocery items
Toilet paper hoarding stopped a little while ago and now Coles has lifted restrictions on the last of the pantry staples.
Melon-aires not required as Japan premium fruit prices plunge
TOKYO, May 25 — A pair of premium Japanese melons sold today for just a slice of the ¥5 million (RM200,720) reached at auction last year, as the coronavirus bites hard. The melons from Yubari on the northern island of Hokkaido sold for a snip at ¥120,000 at the season’s first auction — 40...
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing
Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.
Copper: The pace of long positions to slow down – TDS
Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C
Premier digs in on rent as UK restrictions bite
The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.
Jet Airways offers two Boeing aircraft to assist Vande Bharat Mission
Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia
Over 30,000 get jobs under MGNREGS in Sambalpur
Terming it as a significant achievement, district coordinator of MGNREGS Sobhit Bishi said it is for the first time that such large number of people have been engaged under MGNREGS in the district.
[Update: Launching July 24] Sony Xperia 1 II pre-orders open in US starting at $1,198, still ‘coming soon’
As Sony struggles to maintain any sort of foothold in the smartphone market, it's of good news that the Xperia II has opened for pre-orders in the US.
Virgin Media Ireland announce €1 Million fund to help businesses nationwide
Virgin Media has today launched a €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.
Bond University on track for JobKeeper
Bond University is on track to be the only university in Australia to get access to JobKeeper after a rule change.
Duty-free booze bonanza for Australians under new proposal for 'Trans-Tasman bubble' travel
Under existing limits, travellers can purchase more duty-free alcohol when visiting New Zealand than they can when travelling to Australia.
Coronavirus Impact: Low advertiser sentiment to impact sports sponsorships
Even though viewers have been starved of live sports and may be awaiting the return of sporting events, advertising revenue is not expected to match up to pre-Covid times.
Investors are underestimating Beijing's response to the pandemic
Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.
UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down
Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August
Pachinko upgrades to boost NAND flash demand
Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.
New Balance's MTL575 Made in UK Is a Bold Nod to Harajuku
Inspired by Tokyo's '60s-era TVs and Japan's national flag.
Minted looks to cash in with return to form at Newcastle
The three-year-old resumed with a strong run under a big weight at Kembla and looks well placed to break back into the winner's stall in a class 2 handicap.
Day-to-day banking proving to be a struggle for some isolating seniors
When banks temporarily closed hundreds of branches in response to COVID-19, many seniors found themselves unable to pay bills, withdraw cash for groceries and manage their account balances
Spain urges foreign tourists to return from July
Foreign tourists can book vacations in Spain from July as the two-week self-quarantine for overseas travellers is likely to be suspended by then, ...
Young people dominate early super withdrawals
Young Australians comprise the majority of people making early withdrawals from their superannuation, as the COVID-19 crisis sweeps through the economy.
Pandemic delivers R943m revenue blow to Netcare
Costs for PPE escalate to R850m as group bolsters its supply ahead of virus peak.
Chelsea put €35m price-tag on influential figure amid interest from Euro giants
Will touted demands be met to seal exit?
36% liquor stores back in business in Mumbai
At the epicentre of coronavirus infections in the country, Mumbai has disallowed counter sales of liquor to avoid big crowds outside beer and wine shops. It was also one of the last districts to permit home deliveries of liquor.
Government warned economy could fall off a cliff in September without more stimulus
Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.
What options are available for ethical investing?
Shariah-compliant funds and ESG investment products are among the choices available to you.
Vermilion Energy CEO’s departure signals return to conservative roots
Return of co-founder as executive chairman comes with greater focus on balance sheet
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...
Top-earning public officials should cut their pay amid NY’s fiscal crisis
New York’s top officials have talked a lot about “shared sacrifice” in recent weeks. How about leading by example? Common Cause New York suggests state legislators forgo half their pay since
Parks packed, terraces open as Madrid and Barcelona celebrate easing
BARCELONA, May 26 — Hundreds of Madrid residents flooded to the city’s parks as lockdown measures were finally eased in the Spanish capital and in Barcelona, while beaches reopened in parts of the country after months-long closures. As well as reopening the gates of the capital’s parks...
Only a few hedge funds made money in March and April. Here's how.
Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.
Central bank asset purchases creating ‘fake markets’, analyst warns
'They're no longer related to any fundamental analysis whatsoever'
Bank Holiday tragedy as teenage girl and man drown on same stretch of Cornish coastline as UK comes out of coronavirus lockdown
Officers described a 'very tough day' in Cornwall amid the two fatalities, which took place in separate incidents on Monday afternoon.
No more grants for the self-employed, Treasury says - Inside Israel
Treasury says the economy is back to normal.
Coronavirus News: As more stores file for bankruptcy, 7 On Your Side looks at the future of retail
At least three major retailers have filed for chapter 11 bankruptcy protection this month as the COVID-19 crisis has crippled sales -- now experts say it might be a good time to spend those unused gift cards.
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block
Greek PM: We have left the difficulties behind, but the danger is not over
During an interview on STAR TV on Monday, Greek Prime Minister Kyriakos Mitsotakis drew attention to Greece's Covid-19 success story, stated there is "no
'It just doesn't add up': Liberals refer Dickson land swap to anti-corruption watchdog
The Liberals have asked the ACT Integrity Commission to look into the Dickson land swap scandal.
Steelworkers Union Praises NDP Victory in Securing Paid Sick Leave Commitment
TORONTO — The United Steelworkers (USW) union is praising the New Democratic Party for securing a commitment from the federal government to ensure two weeks of paid sick leave for workers across Canada.
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic
Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Interpublic Group of Companies Inc (NYSE:IPG) Shares Purchased by Swiss National Bank
Swiss National Bank raised its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,918 shares of the business services provider’s stock after buying an additional 283,800 shares during the quarter. Swiss National […]
Consumer Confidence Inches Higher in Canada, Except for Housing
Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.
ETRADE Capital Management LLC Sells 2,520 Shares of Ball Co. (NYSE:BLL)
ETRADE Capital Management LLC decreased its position in Ball Co. (NYSE:BLL) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the industrial products company’s stock after selling 2,520 shares during the period. ETRADE Capital Management LLC’s holdings in Ball were worth $439,000 as […]
Spain to welcome foreign tourists back from July
Madrid: Spain urged foreign tourists on Monday to return from July as one of Europe's strictest lockdowns eased, with streets gradually filling again and some pupils returning to school.
Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope
The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.
Reports: Russian mediation reopens major highway in NE Syria
BEIRUT — Traffic returned to a major highway in northeastern Syria for the first time in seven months on Monday, following Russian mediation to reopen parts of the road captured last year by Turkey-backed opposition fighters.
Sun rises for ITC's aggressive acquisitions
ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030
Kwara government extends palliatives to Unilorin
The University of Ilorin (Unilorin) says about 643 of its workers had benefited from the COVID-19 palliatives being distributed by the Kwara Government.
Wage subsidy scheme pays out more than a billion euro
The amount of money paid out under the coronavirus wage subsidy scheme has surpassed 1.1 billion euro, a senior civil servant has said.
Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering
Natural Gas Bounce - As Expected
A higher low in the energy commodity. The signs of falling production continue. Trading from the long side in natural gas. Why UGAZ is a far better instrument t
Reports: Russian mediation reopens major highway in NE Syria
Traffic returned to a major highway in northeastern Syria for the first time in seven months on Monday, following Russian mediation to reopen parts of the road captured last year by Turkey-backed opposition fighters. Syrian Kurdish media and a Syrian Kurdish official said several vehicles accompanied
What To Do When Your Employer Cuts Your 401k Matching
Even many Americans that still have jobs are seeing pay and benefit cuts. 401k matching is often one of the first things on the chopping block. If your employer
Would Muller Undo Labour’s Rental Property Errors?
Since any promises made by former National Party leader Simon Bridges are effectively void, the new leader, Todd Muller, should tell New Zealand’s 290,000 residential rental property owners whether he supports Labour's disastrous experiments or whether he intends to restore some sanity to the sector.
ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)
ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]
First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)
First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]
Post-Pandemic Economy: Great Depression or Growth Point?
Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...
Swiss National Bank Boosts Stake in Teladoc Health Inc (NYSE:TDOC)
Swiss National Bank lifted its stake in shares of Teladoc Health Inc (NYSE:TDOC) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 133,400 shares of the health services provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Teladoc Health were worth $20,678,000 at the end of […]
Could now be a good time to buy a house? Suffolk housing market after coronavirus explained
A leading Suffolk estate agent has explained why now could be a good time to buy a house for some people – but has warned that, for others, things could be more difficult.
Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector
The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.
ETRADE Capital Management LLC Has $597,000 Holdings in Lithia Motors Inc (NYSE:LAD)
ETRADE Capital Management LLC increased its position in shares of Lithia Motors Inc (NYSE:LAD) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after purchasing an additional 708 shares during the period. ETRADE Capital […]
Flash Australia PMI Signals A Further Slump In Business Activity During May
Flash Australia PMI at 26.4, signalling another steep decline in business activity. Slumping demand accompanies the fall in output. Job losses continue at marke
AUD/USD pares early losses, registers modest gains near 0.6550
The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD
Invesco Ltd. (NYSE:IVZ) Position Boosted by AE Wealth Management LLC
AE Wealth Management LLC increased its holdings in Invesco Ltd. (NYSE:IVZ) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,084 shares of the asset manager’s stock after buying an additional 3,696 shares during the quarter. AE Wealth Management LLC’s […]
UK’s NatWest Reports Significant Increase in Local Businesses Accepting Payment Cards, as they Move Away from Cash Due to COVID-19
Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnes
Reverse migration to villages has set economy back by 15 years, says JNU professor
India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.
Albemarle Co. (NYSE:ALB) Shares Acquired by Swiss National Bank
Swiss National Bank grew its holdings in Albemarle Co. (NYSE:ALB) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,607 shares of the specialty chemicals company’s stock after acquiring an additional 77,400 shares during the period. Swiss National Bank owned about 0.39% […]
3 Stocks to Buy and Hold for Decades
Great businesses can allow you to compound your wealth over the decades.
AusPost temporarily digitises mailrooms of 40 govt, finance firms
Creates 'basic' service for customers that couldn’t operate internal mailrooms.
Merger Arbitrage Analysis And Spread Performance - May 24, 2020
ForeScout Technologies declines following the accusation of a MAE and subsequent legal action. COVID-19 forces investors to reanalyse merger arbitrage risks. Av
AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)
AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]
Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors
Bitcoin was trading in positive territory this Monday after closing its last week in severe losses.
Trade setup: No consensus on Nifty direction; 50DMA remains key hurdle
This makes the market more vulnerable on the higher side.
MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero
A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.
ETRADE Capital Management LLC Raises Stake in American Express (NYSE:AXP)
ETRADE Capital Management LLC increased its stake in shares of American Express (NYSE:AXP) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,015 shares of the payment services company’s stock after buying an additional 603 shares during the quarter. ETRADE Capital Management LLC’s holdings in American Express were worth $600,000 as of […]
How much the average homeowner pays for insurance in the US, by state and home value
The value of your home, where you live, and the coverage level you choose can all impact your homeowners insurance cost.
Aldi now sell over 75 new Irish products as part of Grow with Aldi Programme
45 of Ireland’s most innovative Irish food and drink producers have won a new contract to supply Aldi’s 142 stores through its Grow with Aldi Supplier...
Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%
Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.
High Yields From Tax-Advantaged Debt: America First Multifamily
COVID-19 has created a completely new environment. The market is still struggling with figuring out the new reality and balancing the opposing forces. Where the
1,396 Shares in Mercadolibre Inc (NASDAQ:MELI) Purchased by Fiera Capital Corp
Fiera Capital Corp acquired a new stake in Mercadolibre Inc (NASDAQ:MELI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,396 shares of the company’s stock, valued at approximately $682,000. A number of other hedge funds also recently modified their holdings of the […]
South Africa’s 24-hour trend report – the weekend
This is a high-level summary of the trending, highest impact, and most active themes and narratives related to social cohesion and division as identified from South African social media conversations on 23 and 24 May 2020.
West Brom CEO commits to EFL plan in major promotion boost following Hull City complaint
West Brom News | The Baggies will back the EFL's plan
Swiss National Bank Acquires 69,600 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)
Swiss National Bank increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,875 shares of the casino operator’s stock after purchasing an additional 69,600 shares during the period. Swiss National Bank owned […]
Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]
Gold Price Analysis: Trades with modest losses, downside seems limited
Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon
Fake: Govt has not promised a Rs 5,000 lockdown fund
New Delhi: A WhatsApp forward that promises of free Rs 5,000 in relief funds from the government as a limited time offer is fake.
Monday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore
Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg
Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
JAFL Litigation Funding Partners Limited (the Company) – Press Release And Investor Update
FeltexClaimants now have until Monday 13 July 2020 to complete Stage 2 funding. The decision of Justice Dobson dated 22 May 2020 (the decision) suggests at [86] a Stage 2 trial date of 27 October 2020 for a hearing of up to 6 weeks.
Business stands behind government efforts to ease restrictions
Organised business says economic recovery will require innovation and swift action.
Ighalo's Man United loan set to end on May 31 - sources
Man United are facing the prospect of losing Odion Ighalo this week with talks to extend the striker's loan from Shanghai Shenhua at an impasse.
Halo 3 on PC could release in July following next month’s public test
343 Industries have begun work on bringing Halo 3 to PC, and it hopes to have a public test out within the first half of June.
China warns US of countermeasures over Hong Kong trading threats
US national security advisor Robert O'Brien warned Sunday that the new law could cost the city the preferential trading status it enjoys with the United States, the world's largest economy.
IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid
IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr
Prospects of normalization grim in Libya
Analysts say that Libya is one of the most important crisis to watch for in 2020 because of the involvement of Russia and Turkey. More importantly, the plight of the Libyans after almost 10 years of civil war cannot be ignored. Jens Stoltenberg, head of NATO military alliance recently said in an interview that Turkey […]
CFTC Positioning Report: EUR net longs at multi-month lows
These are the main highlights of the CFTC Positioning Report for the week ended on May 19th: Speculators trimmed their net longs in the euro to the lo
Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”
Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre
Nasdaq to Consolidate European CSD Business
Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
All markets, fairs reopening in Kyiv May 25
Access to open-air sports and playgrounds will be allowed the same day.
Dybala & Pjanic respond to offer of Man Utd transfer in Pogba swap deal
United asked about the Juventus duo.
USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700
The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.
Lufthansa state rescue deal agreed in principle, say sources
FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...
German business expectations pick up as lockdown is lifted
Monthly survey finds improving outlook despite pessimism over current effect of pandemic
Wheat procurement surpasses last year's level of 34.1 MT despite hurdles
Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year
AP govt to disburse financial aid of Rs. 5000 to Priests, Pastors and Imams tomorrow
Andhra Pradesh: With the coronavirus taking the toll of mankind throughout the world, people are confined to homes amid lockdown without income.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore
Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg
Theta Fuel (TFUEL) Records 630% Weekly Gains As Binance To Support Theta Mainnet 2.0 Launch
The leading cryptocurrency exchange by trading volume and users, Binance, will support the upcoming launch of Theta mainnet 2.0 on May 27th. With the
UK's Johnson struggles to shift attention from aide's trip
LONDON — British Prime Minister Boris Johnson’s plans to announce further lockdown-easing measures were being overshadowed Monday by an outcry over the movements of a senior aide who allegedly flouted restrictions imposed during the coronavirus pandemic.
Recovery plans unveiled This WEEK
Tough negotiations start this week on both the EU's recovery fund and its revised long-term budget, which are likely to determine the entire future of the bloc.
Southbank Centre at risk of closure until April 2021 due to financial pressure
The arts organisation has called for further Government support.
Melon-aires not required as Japan premium fruit prices plunge
Tokyo: A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst
Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever
Southbank Centre at risk of closure until April 2021 due to financial pressure
The arts organisation has called for further Government support.
IAF’s Second LCA Tejas Squadron To Be Raised At Sulur Air Base With FOC Configuration Aircraft
The Indian Air Force (IAF) will raise the second squadron of the indigenously developed and manufactured aircraft LCA Tejas at the Sulur Air Base in Tamil Nadu on Wednesday (27 May), Hindustan Times has reported.
NCDEX launches agriculture index futures, trading to start on Tuesday
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Polk CARES funding on its way to help small businesses
Help is on the way for small businesses in Polk County, as the first checks for the Polk CARES 2020 funding were mailed out Friday.
All markets, fairs reopening in Kyiv May 25
Access to open-air sports and playgrounds will be allowed the same day.
Four strategies for rapid innovation during a crisis
The Covid-19 crisis has induced a sense of urgency for product innovations. As a vaccine or drug for the disease remains many months away, there is a surge in demand for ventilators, testing kits, pro
100 High Yielders Down Big: These 4 Are Worth Considering
While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc
There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study
Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.
China tests global diplomacy and economy
The country risks nations’ pushback as it moves ahead with its ambitions under the cover of COVID-19.
Gary Neville makes bleak financial prediction for EFL clubs after Huddersfield Town chairman claims
League Two have already voted to curtail their season due to economical pressure
Oil steadies as demand uncertainty tempers supply cuts
Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT
China Defends Tariffs on Australia Barley’s as Relations Sour
China was “prudent” and “restrained” in its use of trade remedy measures according to the nation’s commerce minister, who defended the recent decision to impose anti-dumping duties on Australian barley as being based on evidence.
China warns US of countermeasures over Hong Kong trading threats
BEIJING, May 25 — Beijing has warned the US that it will take “every necessary measure” to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong’s special trading privileges if China enacts a tough new security law. China plans to impose...
Business Cheers Plans to Reopen South Africa’s Economy
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
Spain to welcome foreign tourists back from July
Spain, on Monday, urged foreign tourists to return from July as one of Europe’s strictest lockdowns eased, with streets gradually filling
NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters
Rejecting the order, the NCLAT said: "The impugned order making it applicable throughout the country to all the Benches of the National Company Law Tribunal is untenable one and the said order suffers from material irregularity and patent illegality in the eye of Law".
NGOs being starved of funds
Almost all big donations are now being diverted to the PM CARES Fund, as it provides 100% tax exemption and companies’ contributions to the Fund qualify as CSR
Poland's president appoints new head of embattled top court
WARSAW, Poland — Polish President Andrzej Duda on Monday appointed a judge backed by the right-wing ruling party to be the new head of the Supreme Court, marking apparent victory in years of government efforts to take control of the court.
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned
What Investors Can Learn From Sears And J. C. Penney
History often does repeat itself. Being innovative matters now more than ever as America reopens. The J. C. Penney and Sears experiences can inform investors lo
MediaWorks announces 130 job losses
MediaWorks has announced that 130 staff are being redundant in its radio and sales teams.
CBIC clears Rs 11,052 crore GST refund claims since April 8
In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".
Dollar General: Hoping That Nothing Has Changed
Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp
Global stock markets confused as US and China spar, bring trade-tension to the forefront again
Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.
2 Social Security Moves That Can Protect Your Retirement From Future Benefit Cuts
Social Security cuts may be on the horizon, but you can still safeguard your retirement.
Afghan govt frees Taliban prisoners as truce holds for second day
Afghan authorities released 100 Taliban prisoners Monday as part of the government's response to a surprise, three-day ceasefire the insurgents called to mark the Eid al-Fitr festival.
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...
Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus
A customer wearing a protective mask enters an internet cafe at night in the Shibuya district of Tokyo, Japan, on … Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus Read More »
Oil falls as US-China tensions take toll
Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from
Shoppers line up as Ross Dress for Less stores reopens | Honolulu Star-Advertiser
If two months in isolation taught the Lutu family anything, it was this: They needed more forks.
The Nigerian fraudsters ripping off the unemployment system
"Scattered Canary" group is scamming vital benefits programs amid the pandemic.
‘Impact investing is going to be the mainstream’
Aavishkaar’s Vineet Rai believes that Covid-19 has forced the world’s richest people into thinking more about resilience than returns
Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares
Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof
CEO buys ailing New Zealand media giant for one dollar
Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.
Frydenberg’s changes to shareholder class actions smack of ‘cronyism’, lawyers say
The move has been made using emergency Covid-19 powers and favours company directors, they say
Southbank Centre at risk of closure until April 2021 due to financial pressure
The arts organisation has called for further Government support.
The problem with the liquidity push
Even if partially successful, it will culminate in eventual default; the crisis is only likely to intensify
Industry gearing up for normal activity
At present, many units run by scaling down production
Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown
Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.
Salon shop owners face a cut in earnings
Drop in customers and increase in operating costs put them in soup
In race for tourism, Greece reopens cafes, island ferries
Greece restarted regular ferry services to its islands Monday, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria
The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...
The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets
Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve
Gujarat: After almost two months with little work, money, 47 migrant workers return to Bihar
On May 19, in the fourth phase of lockdown, the contractor was ready to walk back home. For this duration, the group of workers had been stranded without any work or money. “Our bags are packed and we are ready to walk to Bihar... We have no option left.”
Andhra Pradesh govt directs TTD to stop sale of 50 immovable properties
The Andhra Pradesh government has ordered TTD to stop the sale of its lands and reconsider its decision in view of the sentiments of the devotees.
Liquor shops open in U.T.
The outlets will function from 10 a.m. to 7 p.m.
A well-balanced stimulus package
It will minimise the human cost of the COVID-19 crisis and also pave the path for structural reforms
Lufthansa, German government agree on rescue package: dpa
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
JetBlue Airways: Beware The Pending Capital Raise
JetBlue's 1Q commentary points to an April trough. I am less confident about JetBlue leading a recovery given its exposure to the Northeast. The ~$750 million c
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
Govt. directs TTD to put sale of properties on hold
Decision comes a day ahead of BJP’s call for Statewide protest
Some Kelowna business owners feel unheard with no hearing on supportive housing project
A new homeless housing complex destined for Ellis Street in Kelowna’s North End is being launched with no input from the neighbours.“It’s
On Day 1 of Last Week of Lockdown 4.0, India Reopens Skies; Sees Worst Single-Day Spike of 6,977 | 10 Points
With nearly 7,000 new cases in last 24 hours, India now has a COVID-19 count of more than 1.4 lakh, the tenth-highest in the world, overtaking Iran.
Buxton: It will be different, with lower wages and fewer extras
New Burton boss is clear about the 'new reality' coronavirus is certain to bring to football
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.
Penticton Farmers' Market could open this weekend
The Penticton Farmers' Market could open for the season as early as this weekend.Market manager Katherine Harris says they are awaiting final permits fr
IGP Kashmir takes stock of law and order situation
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
Old Bitcoin Miner Proves Craig Wright has No Access to 145 Tulip Trust Addresses
Signed messages claiming Craig Wright is a fraud were sent from 145 Bitcoin addresses Wright listed were his in the Tulip Trust. The addresses seemed to have be
SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?
With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.
Lufthansa, German government agree on US$9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
USD/JPY looks to end day near 107.70 with small gains
The USD/JPY pair is fluctuating in an extremely tight 15-pip range on Monday as US investors enjoy a long-weekend in observance of Memorial Day. As of
Canada Revenue Agency extends some trust and corporate filing deadlines
The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1
The Centre’s Kashmir policy and a heavy price to pay
India will have to face mounting security threats and the people of Jammu and Kashmir the systematic denial of rights
View: With the global supply chain being reconfigured, India must intelligently restructure its economy
Indias aspirations have been whetted by its improving ease of doing business, though more needs to be done.
As malls reopen across the country, worries grow that consumers won't come back
Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.
‘Decision to auction TTD assets not fair’
Trust Board special invitee writes to Subba Reddy
Purchase of foot-operated dispensers raises doubts
An order to purchase more than 19,000 foot-operated dispensers for hand sanitisers seems to have all the makings of a controversy. The Health Department had placed a direct order for supply of the foo
Canada Revenue Agency extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Resumption of domestic flights to help in reviving aviation industry: SOTC Travel
The resumption of domestic passenger flight services after a gap of two months is a favourable move in reviving the aviation sector, SOTC Travel said on Monday.
Segalink moves to help investors recover their debt from Wale Jana
Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he
Coronavirus could bankrupt German FA, warns treasurer
The coronavirus crisis could "potentially threaten" the existence of the German Football Association (DFB), its treasurer has warned Monday.
NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters
Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".
AAP, BJP trade barbs over mishandling of epidemic
They attack each other over lack of effort
Delay in projects to impact profitability in FY21, says Cochin Shipyard
There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts
ILO expresses deep concerns over labour law suspension, tweaking to PM Modi
The ILO's intervention came after ten central trade unions escalated the issue of suspension and tweaking of labour laws with the international body through a letter on May 14, 2020.
Redmi K20 / Mi 9T is getting MIUI 12 Global Stable ROM - Gizchina.com
Xiaomi surprisingly is rolling out a MIUI 12 Global Stable ROM for the Redmi K20 units in India and European Mi 9T units.
Spain urges foreign holidaymakers to return in July
Spain has urged foreign holidaymakers to return in July as one of Europe's strictest lockdowns eased, though tourism businesses were sceptical about salvaging the summer season.
Mint Lite | Top 5 news and views around the world
News and views, opinions and talking points from around the world to start your day
Payments for CERB top $40-billion as feds open doors for commercial rent help
Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday
Bid to 'save lives' with $21m boost for domestic violence services
Women's refuges, men's behaviour change programs and a pop-up safe house will all benefit from a $21 million domestic violence funding boost.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Public sector wage battle looms for the Berejiklian government
The Berejiklian government will face a revolt from the Opposition, Greens and the crossbench in the upper house if it attempts to freeze public sector wages.
Transat extends Air Canada takeover timing following European regulatory review
In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.
5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore
Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a
Industry funds pummeled by early superannuation withdrawals
The Australian Prudential Regulatory Authority (APRA) has released its weekly update on the Morrison Government’s early release policy, which reveals that another 1,650 million funds were withdrawn in the week ending 17 May, with total withdrawals topping $10.6 billion:
Do not take bookings for middle seat after June 6, Supreme Court tells Air India
The Supreme Court on Monday allowed Air India to continue operating its non-scheduled flights with their middle seats filled till June 6.
EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th
Experts urge govt to lock in crude oil purchases as prices start rising
They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision
India has surplus capacity, may allow export of masks in a week: Sources
Exports of personal protective equipment (coveralls) may be considered next as far as export curbs go
Government may issue 3-4 new 10-year benchmark securities this fiscal
The government may end up issuing three or four new 10-year benchmark securities instead of the usual two it has been issuing each of the past years, as it will be borrowing more in FY21 amid the pan
Sassoli: EU parliament will not have 12 Strasbourg meetings
EU Parliament president David Sassoli said he "does not think it is possible" to have 12 plenary sittings in Strasbourg this year, as set out in the EU treaties. "We won't have so many plenaries in the little time left this year," he told journalists Mond...
UK to Explore Self Sufficiency to End Reliance on China
The British government will make plans to reduce the United Kingdom's reliance on imports from foreign countries like China.
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Day after Yogi’s tough talk on migrants, Raj Thackeray says ‘workers will have to take permission from Maha govt to work’
Adityanath on Sunday said any state that wants migrant workers from Uttar Pradesh back has to seek permission from the UP government.
Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan
It is a conscious decision: Pradhan
ILO ‘expresses concern’ at labour law changes in India, asks PM to intervene
In a reply to a letter sent to it by various Indian trade unions, the UN body said it had asked PM Modi “to send a clear message to Central and State governments to uphold the country's international commitments”.
Job Alert: Sign up to be a Kerala Police constable and earn up to Rs 48,000 per month - how to apply on keralapsc.gov.in
With employment opportunities and job security on thin ice during the coronavirus pandemic, the Kerala Public Service Commission has called for candidates to apply for the post of police constables. Interested candidates may apply through the official government portal: keralapsc.gov.in.
Montreal-area retailers reopening to public, with distancing measures in place
Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.
Chinese expats deliver 1,000 ‘love packages’ to UAE workers
Community gathers round to help those affected by pandemic in Deira
How Yogi Adityanath’s Migrant Commission will turn saviour for workers in Uttar Pradesh – 5 points
Uttar Pradesh Migrant Commission initiative: In the wake of reports of mounting troubles for migrant workers across the country during COVID-19 pandemic, Yogi Adityanath government in UP has decided to set up a Commission for migrant labourers who have returned to the state.
Okanagan distillery gets boost from Vernon brewery to create more hand sanitizer
Okanagan Spirits Craft Distillery has teamed up with a Vernon brewery to make even more hand sanitizer during the COVID-19 pandemic.The distillery has donat
Slump in consumption, exports push Germany into recession in Q1
The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.
Pay Cut Law Failure: Remuneration Authority Refuses To Use New Powers
The Remuneration Authority’s refusal to cut salaries for councillors and mayors paid under $100,000 makes a joke of the Government’s much-vaunted pay cut legislation, says the New Zealand Taxpayers’ Union.
Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets
Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties
IndexIQ Advisors LLC Buys Shares of 10,279 KB Home (NYSE:KBH)
IndexIQ Advisors LLC bought a new stake in KB Home (NYSE:KBH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,279 shares of the construction company’s stock, valued at approximately $186,000. A number of other hedge funds also recently modified their holdings of KBH. […]
The Arrival Of The 'Unavoidable Pension Crisis'
I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued
Fake: Govt has not promised a Rs 5,000 lockdown fund
A WhatsApp forward that promises of free Rs 5,000 in relief funds from the government as a limited time offer is fake.The message redirects to a questionable website with many red flags which is not associated with the government in any way.
Toronto council to vote on 40-kilometre bike lane expansion
The city's latest cycling infrastructure plan adds 25 kilometres of new bike lanes, along with the promise of more public space and patios
Pound Sterling Price News and Forecast: GBP/USD looking to the upside
At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the
Public sector wage battle looms for the Berejiklian government
The Berejiklian government will face a revolt from the Opposition, Greens and the crossbench in the upper house if it attempts to freeze public sector wages.
Gold Price News and Forecast: XAU/USD - Great Recession vs. 2020 coronavirus crisis
The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from
Swiss National Bank Purchases 138,500 Shares of Lincoln National Co. (NYSE:LNC)
Swiss National Bank grew its position in Lincoln National Co. (NYSE:LNC) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 769,805 shares of the financial services provider’s stock after purchasing an additional 138,500 shares during the quarter. Swiss National Bank owned approximately […]
PM's economic package 'jumla', less than 1pc of GDP: Chavan
Senior Congress leader Prithviraj Chavan, incidentally, had demanded a Rs 21 lakh crore package in April this year.
Bongi and Bulls: A case of unfinished business?
In his latest Rucking with Rob newsletter, Rob Houwing says he was surprised to hear rumours that Bongi Mbonambi could return to the Bulls.
Ukrainian workers start returning to Poland as lockdown eases
CHERNYAKHIV, Ukraine (Reuters) - Coronavirus or no, Vadym Diachenko needed no persuading when an employment agency offered to fly him back to Poland from his native Ukraine to work at a meatpacking plant.
Gordon Ramsay causes controversy in Cornwall yet again with all-day beach trip on Bank Holiday
From the afternoon until sunset, Gordon and his family made the most of their time on the golden shores over the weekend.
Bityard: Leveraged Crypto Futures Trading With a Regulated Exchange
Bityard’s mission is to create secure, simple, and fast crypto-asset trading services for people all over the world.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.
Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say
China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?
Banks continue to lend less even as deposit growth improves, credit growth now at mere 6.5%
Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.
Bid to 'save lives' with $21m boost for domestic violence services
Women's refuges, men's behaviour change programs and a pop-up safe house will all benefit from a $21 million domestic violence funding boost.
European regulators to take closer look at Air Canada-Transat deal
TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.
USD/BRL: Political headwinds facing the real – CIBC
USD/BRL continued its upward trend, approaching the 6.0 mark. Luis Hurtado from CIBC Capital Markets sees political tensions and a dovish BCB to weigh
Andhra Pradesh CM YS Jagan Mohan Reddy allocates Rs 100 crore for lawyers’ welfare
Chief Minister has said that medical teams should be sent to the affected areas and a plan should be prepared as to how to eradicate the disease from the district.
Furore Over Tirupati Tirumala Temple Board’s Decision To Sell 23 Land Assets In TN, TTD Chief Says 129 Properties Sold Since 1974
The Y S Jagan Reddy government is being accused of trying to sell the TTD lands to supporters of YSR Congress Party.
Hong Kong move exposes China's superpower fail
For all its pretensions, Beijing has proved completely unable to manage the people of a sophisticated and free global city.
When the Laborers Returned, the Political Crop Started Swaying, Parties Started Forming Vote Banks -
The race to make migrant workers back home during lockdown has reached Bihar via Uttar Pradesh. Millions of people have
Central bank printing presses might be in overdrive, but inflation is not the real threat here
Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time
USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC
Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading
Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures
Memorial Day will take on an even more somber tone this year.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
When is the German IFO survey and how it could affect EUR/USD?
The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p
Bachem lifts Propofol production to 24/7 as pandemic hikes demand
ZURICH (Reuters) - Switzerland’s Bachem has begun round-the-clock production of Propofol, a drug needed to sedate ventilated patients whose plight during the pandemic — prone, unconscious, hospitalised — has become emblematic of COVID-19’s hit to healthcare systems.
Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It
The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa
Fee-waivers, IELTS relaxation: What are foreign universities offering to enroll international students
From fee-waivers to online courses, from virtual tours to provisional admissions and the option to join on-campus at any time, foreign universities are luring Indian students who make the second-highest influx of international exchange. But is it a wise option to study abroad this session?
Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies
In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w
IOOF class action dropped but legal woes remain
IOOF has reached a settlement to end the Supreme Court case commenced by Quinn Emanuel on behalf of IOOF shareholders but separate proceedings initiated by Shine Lawyers are ramping up.
Bayer says it makes progress in settlement talks over weedkiller
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling
QC completes SAP distribution ahead of 4 Metro Manila cities
AHEAD of four other Metro Manila cities, the Quezon City government has reported complete the Department of Social Welfare and Development (DSWD) Special Amelioration Program (SAP) distribution as of May 20.
Magu urges Nigerians in diaspora to pressure UK to release Diezani for trial
The acting chairman of the EFCC, Ibrahim Magu, has urged Nigerians in the diaspora to pressure the UK government to release Diezani Allison-Madueke for trial.
Over 90,000 passengers book flight between May 25-31; Mumbai, Kolkata register highest bookings
Earlier, Maharashtra, West Bengal and Tamil Nadu opposed immediate opening up of their airports in view of rising cases of coronavirus. The three states are home to some of the busiest airports in the country in terms of passenger traffic
Commentary: The biggest restructuring exercise facing Singapore businesses has just begun
From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...
Cash for new homes the key to saving jobs, says industry
On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.
WTI: Off daily highs, still above $33.00, as US-China tension looms
WTI drops to $33.45, down 0.6%, while heading into the European session on Monday. The black gold recently benefited from the news suggesting ease of
Coronavirus: Government draws up plan to rescue key firms
The government could aid strategically important firms affected by the coronavirus pandemic.
Japan said to start giving out travel vouchers from end-July – Jiji
The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave
Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020
On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Best month for Brent in 21 years overshadows US-China feud
Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.
Worry about citizens, not airlines: SC pulls up govt on middle seat bookings
The Supreme Court has pulled up DGCA India and Air India for allotting middle seats in international flights. It has said that the government should be worried more about health of citizens than the health of the airlines.
Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT
CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST
iSignthis to End Contract with Visa, Criticises Proposed Rule Changes
iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.
Hong Kong shares ease on China-U.S. rift, dollar firms
SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Rich, but household debt is growing: A time bomb for South Korea?
South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...
ExplainSpeaking: Watch for signals at airports and rail stations – and at the LAC
The intrusions by China at three places on the LAC will test the nerves of India's strategic and diplomatic community.
Sanwo-Olu to inaugurate projects to mark one year in office
Lagos State Governor, Babajide Sanwo-Olu, is to inaugurate housing, education and road projects as part of activities to mark one year on office.
Odisha’s plan of home delivery of liquor goes for a toss
People could not find any application platform to order liquor online and shop owners also insisted on offline selling
Central Equity, Failli family selling $200m of greenfield sites
The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.
Uttar Pradesh looks to provide employment, insurance to migrant workers
The State looks to set up a commission to workers’ rights, and to provide them socio-economic-legal support
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.
CLT Grants Go Where Increased Need Is
“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.
35,000 who had been recieving Pandemic Unemployment Payment returned to work last week
Assistant Secretary General at the Department of Taoiseach Liz Canavan said that while 579,000 people remain on the €350 per-week payment introduced at the beginning of the outbreak, 35,900 returned to work in the last week.
China defends tariffs on barley
In the latest salvo in the ongoing barley tariff war, China's Commerce Minister claims Australia was "subsidising" the grain and says the tariffs were based on evidence.
Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut
The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances
Aldi checkout worker pays for Hamilton customer’s shopping after her card was declined
AN ALDI checkout worker generously paid for a Hamilton customer’s shopping after her card was declined. Store Assistant Julie at the Hamilton Aldi, Wellhall Wynd, came to the rescue when a shopper…
Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy
RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.
Income Tax Saving: How your spouse can help you save taxes
Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving income tax. Here is how.
EU eyes first face-to-face summit in months to haggle over budget
European Commission to propose blueprint for € 1tn multiannual financial framework
Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus
The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14
South African public-sector wage dispute moves to arbitration
JOHANNESBURG, May 25 (Reuters) - Early attempts to resolve a wage dispute between the South African government and public-sector trade unions have failed and the dispute will now move to arbitration, according to the bargaining chamber where such wage disputes are heard.
Nigeria’s GDP rises by 1.87% in Q1 2020
Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...
Samsung's NAND flash market share down slightly in Q1
The share global NAND flash market for Samsung in the first quarter of the year dropped slightly compared to three months earlier, a report said on Monday, although the South Korean giant
GBP/USD: Near-term downside risks into mid-year – CIBC
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El
UK schools will open June 1: Boris
UK Prime Minister Boris Johnson has confirmed primary schools will open on June 1 and secondary schools will “provide some contact” from June 15 amid the COVID-19 pandemic.
3 Travel and Tourism Stocks Poised for a Bull Run
The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.
When lockdown is over, bring workers back to their jobs but with free rail travel
Encourage local industries or work from home to harness women’s energy. The shramik has waited long enough. They deserve better.
CERB payments hit $40B
A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.
Vermilion Energy president and CEO Anthony Marino steps down from company
CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.
Bank holiday sunshine - and it’s set to continue, with forecasts of a warm, dry June
After today’s sunny bank holiday, a long warm, dry spell looks set to continue - with little rainfall expected for East Anglia during June.
Aberdeen chief Dave Cormack reckons either SPFL or SFA should be SCRAPPED
DAVE CORMACK reckons it’s time to streamline Scottish football – by SCRAPPING either the SPFL or SFA. The Aberdeen chairman believes the governance of our game has become too bloated and thin…
Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks
This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo
The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%
SmartCentres, SNC and Telus see insider buying
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy
Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role
Vermilion says it has created an executive committee to run the company instead of replacing Marino
Will Social Security Beneficiaries Qualify for a Second Stimulus Check?
Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?
EUR/CHF: SNB looking to contain Swiss franc action – CIBC
The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
S&P 500: The market is not going to fall off a cliff again – Charles Schwab
Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if
Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses
Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law
Govt Should Delay Road Tax Increase Due To Economic Crisis
“The Government should delay an increase in road user charges scheduled for 1 July this year,” according to ACT Leader David Seymour.
UK PM Johnson backs key aide over lockdown breach claims
British Prime Minister Boris Johnson on Sunday defied pressure from within his own party and backed top aide Dominic Cummings over allegations he breached coronavirus lockdown rules.
German business morale rebounds in May as corona restrictions are eased
The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.
‘Notifying Only 41 Shramik Trains For Maharashtra, Despite Being Prepared For 125’: Railways Minister Piyush Goyal
State's Chief Minister (CM) Uddhav Thackeray had asserted that his Government had the list of migrant workers ready.
Bayer says it makes progress in settlement talks over weedkiller
Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer
Still A Lot Of Value In Corporate Bond Market
Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev
Toot toot! Afterpay runs into index day
Beware the Afterpay train this week.
Flash PMI Shows Japan On Course For Record Downturn In Second Quarter
Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde
Fractional Shares: Why It’s in the News
Have $5? Then you could start building wealth today.
Tesco announces two big changes to Clubcard scheme - and it's good news
The supermarket is giving shoppers more time to retrospectively add Clubcard points to their accounts - while those who have already claimed them will have an extra year to use them up
Town hall back in business
The Township of Spallumcheen is back open for walk-in business.
Apollo's Ventia asks for $1.6b, five banks on board
Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market.
Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan
The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister
'South African companies that employ foreigners must not open'
South African opposition party The African Transformation Movement (ATM) says South Africa must impose a strict economic sector regime that will see certain ind...
Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2020 Update
Glenn Greenberg’s 13F portfolio value decreased from $1.89B to $1.74B this quarter. Brave Warrior Advisors added HCA Healthcare and increased Anthem while reduc
EU’s top diplomat urges ‘more robust strategy’ toward China
EU foreign affairs chief Josep Borrell told a gathering of German ambassadors on Monday that “analysts have long talked about the end of an American-led system and the arrival of an Asian century.”
CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs
he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds
Memorial Day sale alert: the Apple Watch 5 hits lowest price ever at Best Buy
One of the best deals we've seen in the Memorial Day sale event, you can get the all-new Apple Watch 5 on sale for $299 at Best Buy.
German sentiment survey boosts stocks, Europe focuses on recovery fund
LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari
The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days
Aspiring model, 24, who vanished in Nottinghamshire over the bank holiday weekend is found 'safe and well'
Nottinghamshire Police said this evening Laura Benson, who vanished in Beeston, has been found 'safe and well' as they thanked those who shared their appeal.
Nasscom for policy tweak to enable longer work-from-home scenario
Nasscom has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees' homes.
India lockdown diary, Day 62: Akhilesh asks for free chyawanprash supply; Kolkata artisans hope for turnaround; and more
Here’s a curated list of some interesting stories from across the country on Day 62 of lockdown.
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
Office supply wholesaler Spicers Ireland is rescued from liquidation
The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock
Peace returns to Ondo APC as factional chairman withdraws suit
Peace may be returning to Ondo State All Progressives Congress (APC) following the withdrawal of the suit challenging the authentic chairman, Ade Adetimehin....
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent
CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi
The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.
Euphonik and Prince Kaybee debate not paying up-and-coming DJs in favour of exposure
Both DJs agree that although exposure is valuable for an up-and-comer, money will always be better remuneration.
At 93, I will never change in my position on Equity, Justice, Fairness – Clark
ABUJA - FORMER Federal Commissioner for Information, Chief Edwin Clark who turned 93 years yesterday, vowed that he will not c
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.
Builders push for $40k home buyer grant to stave off construction crisis - but Barr says no
Chief Minister Andrew Barr said the policy would drive up house prices.
Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari
The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.
Lufthansa has good prospects for future: German ministries
BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
Punjab, MP lead the way as wheat procurement tops last year's level
The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.
Malls lose Rs 90k cr in 2 months: SCAI
IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t
Precious Metals: Panic Buying Is Unsustainable
Herding behavior can sustain rallies, but the extreme in PMs is unsustainable. Gold rallies hardest when it garners the least attention. Physical buying indicat
Home, auto loan borrowers top beneficiaries of moratorium relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment
More than 1,000 pubs have an interest in FBD ‘test case’, court told
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
South Korea to require masks on transit, flights | Honolulu Star-Advertiser
BANGKOK >> South Koreans will be required to wear masks when using public transportation and taxis nationwide starting Tuesday as authorities look for more ways to slow the spread of the coronavirus as people increase their public activities.
Book sales soar as French lockdown eases
A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.
Rejig your political agenda for 2023 APC leaders warn his members
Stalwarts of APC in Akwa Ibom state have urged its members to call their media aides to order as some of their publications in the social media
Engineers want the Government to increase spending to stimulate the economy
The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.
Lufthansa says Germany approves stabilization package
FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.
Nissan says preparing to gradually restart Mexico operations
The automaker will begin with vehicle and autoparts manufacturing activities
Selling of TTD properties on the name of substandard is insult on devotees: Pawan Kalyan
Terming the donated lands and other properties to Lord Sri Venkateswara of Tirumala Tirupati Devastanams as substandard was nothing but an insult to the devotees, stated the Jana Sena president Pawan...
States pitch for maximum permissible use of Consolidated Sinking Find
Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds
CBIC clears Rs 11,052 cr GST refund claims since April 8
The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.
More Troubles For AAP MLA Prakash Jarwal: Tanker Owners Claim He Collected Bribes Up To Rs 60 Lakh A Month
Aam Aadmi Party MLA Prakash Jarwal has been caught up in yet another controversy. The latest investigations suggest that Jarwal, MLA from Deoli constituency in the capital, allegedly received around Rs 60 lakh per month bribes from the water tanker owners, reports Times of India.
EU watchdog hopeful most banks can absorb €380bn pandemic hit
Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority
Factbox: EU recovery fund - the battle lines
BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.
Cullen commission into money laundering in British Columbia resumes today
Inquiry was called amid growing concern that illegal cash was helping fuel real estate, luxury car and gambling
Mexico's monthly trade deficit hits $3 billion due to virus
Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%
Govt proposes to streamline processes to deal with corporate, tax frauds
IANS New Delhi Government proposes to further streamline and simplify the processes to deal with corporate and tax related frauds by identifying and insti
EU eyes first face-to-face summit in months to haggle over budget
BRUSSELS (Reuters) - EU leaders may meet for a face-to-face summit in the coming weeks to bargain over the next joint budget and a linked coronavirus recovery fund, suspending lockdown rules imposed to contain the pandemic, diplomats and officials said.
Why did a cloth brand once promoted by Bond and Bachchan shut shop in India?
Did miscalculated branding end the 180-year brand’s run in India?
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief
In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.
Chelsea can use Bakayoko as leverage for Bulka’s return
Chelsea wants to offload Tiemoue Bakayoko and bring in a keeper, so why not a swap deal? Bakayoko has struggled to find his footing in the Chelsea squad ev...
DBB: Reopening Economies Could Lead To More Upside For Base Metals
DBB has recovered rather slowly since it reached its lowest since February 2016 on March 23. In contrast with equities, base metals have not enjoyed a fast rebo
China will work to ease Africa’s debt burden — Chinese Foreign Minister
Chinese Foreign Minister, Wang Yi, has said China will work with G20 to ease Africa’s debt burden, as they both have many things in common.
UK PM’s top aide Cummings defies calls to resign after breaking lockdown
Cummings told reporters that he acted 'reasonably and legally' when he drove across the country with his wife while she was suffering from the virus, despite official advice to stay at home.
Binance Adds ETH and XRP Options Contracts
Crypto exchange giant Binance announced on Monday the addition of Ethereum and XRP options trading facility.
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
Domestic flights resume at Coimbatore International Airport
Three services touched down from Delhi, Chennai and Bengaluru
China links Australia barley tariffs to past trade disputes
Beijing defends Australia barley tariffs but links move to past trade cases against China.
Markets advance on hope of restrictions being eased globally
Subdued volumes traded on world markets as London and New York closed for holidays
British billionaire twins at war over London’s Ritz hotel and family’s fortune
The brothers, who spent decades avoiding media attention by isolating themselves on an island in the middle of the English Channel, are now front-page news due to the latest part...
UK leader's aide says he won't quit over lockdown road trip
LONDON — British leader Boris Johnson’s powerful chief aide insisted Monday that he wouldn't resign for driving the length of England while the country was under strict lockdown — a trip he made without informing the prime minister first.
BA planning to rehire sacked staff on worse terms, union says
Unite accuses airline of using coronavirus crisis as cover for betraying its workforce
China will work to ease Africa’s debt burden – Wang Yi
The Consul General of The Peoples' Republic of China in Lagos, Chu Maoming, has disclosed that Chinese Foreign Minister, Mr Wang Yi
Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog
European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau
HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout
Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.
Yovel: Property rights along with equal opportunity - Judaism
Man should have exclusive right to hs own property, but he should also have the opportunity to start afresh.
NGO moves Delhi High Court seeking equal ration benefits for all Delhiites
The plea seeks same ration benefits for Aadhar card and voter card holders as is being given to ration card holders.
CREDAI seeks restructuring scheme to revive realty sector
Also wants new home loans extended at 5% rate of interest
Bank of America Boosts Splunk (NASDAQ:SPLK) Price Target to $208.00
Splunk (NASDAQ:SPLK) had its price objective lifted by Bank of America from $175.00 to $208.00 in a report published on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the software company’s stock. A number of other research analysts have also recently commented on the company. SunTrust Banks dropped their price target on […]
Spain Reopening Foreign Tourism from July
The Spanish government has hinted at a possible reopening to foreign tourism this summer. It comes as a raft of lockdown measures were eased in Madrid and Barcelona on Monday.
SALLAH: Pandemic has adversely affected Enugu northern community — Sarikin Hausa
LEADER of the Northern Community in Enugu State, Alhaji Abubakar Sambo has disclosed that his people were top on groups greatly affected...
Edo power sector opens for competition - The Nation Nigeria
With the completion of the installation of 33KVA lines and a sub-station at the Edo State Secretariat complex, the much-awaited 55MW CCTEC-Ossiomo...
Gold Price News and Forecast: XAU/USD is consolidating gains at the start of the new trading week
XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break
N-Power beneficiaries dispute minister's claim of April payment
Ms Farouq had on Saturday announced the payment of April stipends to N-Power beneficiaries.
UK Government's Quarantine Measures Could Push Proposed Silverstone F1 Races Into August
Plans for two races at the English track were thrown into turmoil when the government offered no exemption to elite sport.
China's Tablet PC Market Report For The First Quarter Of 2020
The epidemic has affected all manufacturers. But the most affected tablet PC maker is Lenovo. Huawei still ranks first with a market share of 40.2%.
Canadian economy entering ‘unknowable times’ because of downturn from pandemic, Poloz says
Bank of Canada Governor says said the most pressing danger stemming from this uncertainty is that it could fuel serious deflationary pressures
Bankers Stay Home as South Africa Inc. Prepares Return to Work
Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week.
Chief Executive of Ghana Commodity Exchange, Dr Kadri, says they are working to reverse the drop in trading due to COVID-19
The Chief Executive of the Ghana Commodity Exchange (GCX), Dr Alfa Kadri has said that they are working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations.
Justice sector budget cuts ‘will negatively impact SA’s corruption fighters’
The department further expects a budget cut to hinder Legal Aid SA's ability provide legal representation for the indigent and vulnerable citizens.
Afghan govt frees Taliban prisoners as truce holds for second day
President Ashraf Ghani said his administration was also ready to hold peace talks with the Taliban
Coronation Street's Alya to suffer consequence of locking Geoff out of Yasmeen's house
This week's Corrie will see Geoff's plan to destroy his secret camera thwarted, but brainwashed Yasmeen still won't admit he abused her
Venturing out in Lockdown? You may face difficulty in motor insurance claim
Although partial movement of people has been allowed in COVID-19 free areas, the lockdown has not been withdrawn completely yet.
ECB Facing Testy Stimulus Debate After Call to Scrap Limits
The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.
MGNREGS come to tribals’ aid in Nandurbar, district reports highest-ever employment under scheme
According to District Collector Dr Rajendra Bharud, 41,157 labourers are employed in various works undertaken by district collectorate.
Activists, writers urge PM to impose 2% wealth tax on the richest 1%
A host of activists and writers have petitioned Prime Minister Narendra Modi requesting him to impose “2% wealth tax on the richest 1% of the country” to fight COVID-19 pandemic. The signatories inclu
Paper valuation may burn a hole in their pocket
Plus Two teachers grapple with uncertainty of transport services to centres in Tiruchi district
Five business groups urge Ontario to halt commercial evictions during pandemic
Ontario Premier Doug Ford has previously declined to freeze commercial evictions
Israel’s Netanyahu vows to push ahead with plans to annex parts of occupied West Bank
The comments threatened to push Israel closer to a confrontation with Arab and European partners, and could deepen what is becoming a growing partisan divide over Israel in Washington
Welfare recipients facing five-month delays to exit cashless debit card scheme
Data shows that of the 859 application lodged since September, only 30 have been accepted
Daily wagers’ struggle continues despite easing of lockdown
Many wait endlessly at labour addas
Shaktikanta Das differs with govt over IMF's $500 billion rights plan
RBI governor backed IMF’s plan to issue fresh SDRs for helping crisis-hit members.Fresh SDR issue would have helped least developed and developing nations facing a forex crisis
PM says provincial reopenings can be 'confusing' after thousands pack Toronto park
Prime Minister Justin Trudeau says it's natural for people to be 'a little confused' about what they can and cannot do as the economy begins to reopen, but warned that we must remain smart to avoid a resurgence of COVID-19.
Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May
The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.
Succession Planning: Along with businesses, even families need to adopt, adapt to secure interests
While most UHNI individuals or families recognize the need for succession planning, not many are disciplined about it. For most, succession planning is something one pays attention to only on nearing retirement.
Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal
Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%
Stung by outrage, Andhra govt puts plans to sell 50 TTD properties on hold
Opposition parties contended that the move to sell 50 immovable properties would hurt the sentiments of those who had donated the properties to the ancient temple of Lord Venkateswara
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus
The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.
No signs of Indian, Chinese troops backing off as standoff heads for long haul
People familiar with the situation in the region said the two sides were engaged in trying to resolve the dispute, but there was no indication of a positive outcome yet as both the armies continued to bolster their positions in disputed areas of Pangong Tso and Galwan Valley and Demchok.
UK bailout schemes could create coronavirus debt trap, warn banks
Fear businesses could face paying billions in loans just as they try to recover from pandemic
Second Iranian Tanker 'Forest' Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows
The second tanker follows the first of five Iranian vessels carrying an estimated total 1.53 barrels of gasoline between them. The first vessel, the 'Fortune'...
More Britons to leave Nigeria in three charter flights
Adelani Adepegba, Abuja The United Kingdom Government has announced three more charter flights for the evacuation of Britons stranded in the country. The flights are scheduled for May 29 on the L...
Kyoto hotels hit by 89% slump in foreign stays as pandemic takes toll
Visitors from East Asia, where the virus took hold from the start of the year, plummeted even further.
Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
Must start Rs 1,000 per month transfer now: Abhijit Banerjee and Esther Duflo
In a conversation with each other at online version of Jaipur Literature Fest on Sunday, Banerjee said that India could help in mass production of the Covid 19 vaccine, when it is developed, but cautioned that in the absence of one, India is set to see another lockdown since cases were only rising.
Capex preview
Via the excellent Gareth Aird at CBA:
Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
Asian shares climb, Tokyo gains on hopes for reopening
TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.
Senior markets operative jumps ship to MST Financial
Gerard Satur's MST Financial has made another high-profile hire.
Insider Trading? OmiseGo (OMG) Surges 200% Just 15 Minutes after Coinbase Listing, but then Crashes Immediately
San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020. The OMG token price surged 200% in only 15
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.
UK's Sunak authorises bailout to rescue strategically important companies
Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options
Japan ends state of emergency, eyes fresh $1.5trn stimulus
Japan's economy minister said the government had received approval from key advisers to remove the state of emergency for Tokyo and all remaining regions.
Asian shares climb, Tokyo gains on hopes for reopening
Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.
String of missteps slash Abe's support rates
A string of controversial missteps has slashed Japanese Prime Minister Shinzo Abe's support to levels that could threaten to end his term early, even as he prepares to lift a state of emergency after the rate of coronavirus infections declined. The slide in ratings, now below 30%, may erode Abe's…
Japan to end Tokyo’s state of emergency, eyes massive new stimulus
World’s third-largest economy has escaped an explosive coronavirus outbreak
‘Buhari’s Executive order 10, restructuring for the poor’
John Alechenu, Abuja A non-governmental organisation, Save the Poor Coalition, on Sunday described the Executive Order 10, 2020, recently signed by the President, Major General Muhammadu Buhari (r...
Time has come to merge income support schemes with MGNREGA
The legal framework of the MGNREGA scheme does allow this on farms owned by people of SC/ST communities, and on the lands of marginal farmers.
Asia stocks mostly up on lockdown easing but Hong Kong extends losses
HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...
Gold rates today hikes in Delhi, Chennai, Kolkata, and Mumbai - 25 May 2020
Gold rates today on 25 May 2020: Gold rates have increased by a slight margin on Monday. These gold rates have been on rise after a fall for the last couple of days.
UAE Exchange Centre starts refunding customers - but many still wait for their money
Many transactions had been delayed for two months as company seeks a way out
Oil falls as US-China tensions take toll
Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.
Taiwan promises ‘necessary assistance’ to Hong Kong’s people
Number of Hong Kong immigrants to Taiwan jumped 150 per cent in first four months of 2020 compared to same period in 2019
Uttar Pradesh, Rajasthan, Madhya Pradesh have over 50% recovery rate
MP has reported a 51% recovery rate among Covid-19 patients while Rajasthan has done better at 54% and UP is the best among the three states with a 56% recovery rate. In all these states, the number of active cases is hence below the number of recovered patients. The national recovery rate stands at about 42%.
Global shares up as recovery hopes overshadow virus worries
TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...
In race for tourism, Greece reopens cafes, island ferries | Honolulu Star-Advertiser
ATHENS, Greece >> Greece restarted regular ferry services to its islands today, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200
Analysts are now noting that there is a chance this recent Bitcoin decline marks a “huge bear trap” that could be followed by further upside.
Huawei: What would happen if the UK ditched the Chinese firm?
Officials are taking another look into Huawei, but the Chinese firm warns against a 5G ban.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
China to further crack down on manipulation of financial market
China has strengthened the effort to crack down on manipulation of financial markets in an effort to prevent and resolve financial risks, according to China’s top Chief Justice.
Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900
Bitcoin has seen much of its recently incurred technical strength degrade over the past 48 hours, and one analyst is now targeting $5,900
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...
Mexican Power Utility Wants Immediate Price Hike for Rivals
(Bloomberg) — Unfazed by criticism it is unfairly blocking renewable energy projects, Mexico’s state-owned utility is doubling down on demands for regulators to protect its market share.
New Zealand's Prime Minister Deals With Earthquake on Live TV (Video)
New Zealand Prime Minister Jacinda Ardern smiled her way through an earthquake during an interview on Monday -- and it was all captured on live TV.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Manhattan Beach moving ahead with retail reopening
Even before the state announced it would let retail stores reopen, Manhattan Beach was moving forward with its plan to allow small shops to operate.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
'Companies remain fundamentally bad at risk management'
The COVID-19 pandemic has highlighted gaps in the way many organisations deal with risks in their business, especially around cyber-security.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance
This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).
After UP, Rajasthan reverts to 8-hr factory shifts
India News: Human resources experts, trade unions and civil society groups have lauded the Rajasthan government’s decision on Sunday to revert to 8-hour shifts in
Hindustan Zinc Rating: Buy — A steady performance in the quarter
But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating
Transat extends Air Canada takeover timing following European regulatory review
TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.
String of multimillion shilling defamation awards against publishers worrying
The huge financial awards could potentially limit the ability of the media to exercise their traditional roles as watchdogs.
Newmont Corporation: Digging Into The Q1 Results
Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above
Australian Prime Minister Rolls Out Plan to Save Economy as China Slaps Tariffs on Country's Exports
Trade relations between the two geographic neighbours reached a new low as Beijing banned several Australian beef-exporting companies and slapped an 80% tariff on the...
Is deflation set to become Economic Enemy No 1?
Amid all the uncertainties that lie ahead is the possibility of deflation setting in post-Covid-19. Negative inflation rates would create an even steeper and longer hill to climb out of economic recession than we are already expecting. It will all come down to whether demand under- or over-shoots supply. The jury is out.
Realme Power Bank 2 released: 10000 mAh + 18W two-way fast charging
Realme Power Bank 2 released: 10000 mAh + 18W two-way fast charging. This new power bank from Realme is sold for Rs 999 ($13).
New Bank of Canada Governor Faces Stagflation, Rosenberg Says
Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.
Ministers vs chief secy row: Amarinder hosts Manpreet, Channi
Manpreet stands ground, wants issue to be taken up in Cabinet again.
Labour law suspension: Uphold India’s international commitments, ILO expresses deep concerns to PM Modi
The ILO's intervention came after ten central trade unions escalated the issue of suspension and tweaking of labour laws with the international body through a letter on May 14, 2020.
Essential Services Largely Restored, Mamata Banerjee Seeks People's Cooperation for Normalcy
Contending that 80 per cent of all essential services have been restored in West Bengal, Chief Minister Mamata Banerjee on Monday sought the cooperation of people for bringing the cyclone-hit state back on its feet.
Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Charges laid in pipeline protest outside B.C. Premier John Horgan's home
VICTORIA - The BC Prosecution Service says it has appointed a special prosecutor to oversee charges against three people in relation to allegations of misch
Realme Buds Q, Buds Air Neo, 30W Dart Power Bank and more launched in China
Realme seems to be firing on all cylinders as the company expanded its product catalogue n India and China with the launch of several products, including the X50 Pro Player Edition smartphone. The India launch event saw the unveiling of the Realme Smart TV, Buds Air Neo earbuds, 10000mAh Power Bank 2 and the brand’ …
Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact
Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over
Larijani Departs From Top Economic Council
Outgoing Parliament Speaker Ali Larijani on Saturday made his last appearance in the meeting of a top-level economic body, which brings together heads of the three branches of government along with
Europeans Save Less, Spend More As Economy Lags
European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.
CRA extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
PCCI supports cut in corporate taxes
The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.
After chaotic Day 1, only 41 flights planned today at Chennai airport
More cancellations expected, say officials
Troy Ave Tells Mysonne to 'Suck a D***' While Trading Twitter Barbs
The relationship between Troy Ave and Mysonne is unpleasant, to say the least, and things escalated over the weekend as the two New Yorkers engaged...
Fed govt hands off Bash Ali’s never-ending fight - The Nation Nigeria
The Federal Government, through the Ministry of Youth and Sports development, has distanced itself from any involvement in the novelty boxing match...
Gold Price Analysis: XAU/USD meets a plateau as global CODVID curve peaks
The price of XAU/USD is at $1,727.88, -0.45 and has sunk from a high of $1,735.67 falling to $1,721.61 on the day. Gold is a complicated mix of deflat
Outdoor markets and car dealerships will reopen from next Monday
The prime minister announced that from from June 15 non-essential shops will also be allowed to reopen.
Shoppers line up in downtown Montreal as retailers reopen to public
MONTREAL - Eager shoppers lined up outside some stores in downtown Montreal on Monday as retailers in the city were allowed to reopen for the first time sin
Newcastle takeover headlines with Rafa Benitez again linked with Magpies return
All the latest Newcastle United takeover headlines including updates on Rafa Benitez, Yasir Al-Rumayyan, and the Saudi Public Investment Fund
TMX boon for local hotels?
With Trans Mountain Pipeline workers scheduled to arrive in Kamloops next month, accommodation is being sought.
Karachi Plane crash: Airbus A320's flight data recorder recovered from crash site
The critical piece of equipment would prove useful in determining the cause of the accident
SA Express liquidators seek more powers for asset sales to free up cash
Liquidators might launch a court application for the extension of their powers so they can sell SA Express assets, cancel aircraft leases and solicit or assess bids for the airline by potential buyers. The powers would enable them to free up cash to pay the airline’s creditors, who are owed more than R2.5bn.
India announces 10 additional repatriation flights from Qatar
Doha: India has announced 10 additional flights as part on the ongoing repatriation mission from Qatar. Air India and Air India Express will operate the additional flights.
Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds
Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com
Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales
How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.
Today in 2006: We should concentrate on economy - Kufuor
Fourteen years ago, former president, John Agyekum Kufuor, stated that the country’s priority should be centered on development of the economy, after fifty years of nation building.
UK PM struggles to shift attention from aide’s trip
Plans by the British government to announce a further easing of lockdown measures are being overshadowed by an outcry over a senior aide
British cheesemakers call on consumers to buy Stilton as sales plummet 30%
The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.
Bank of Canada head: inflation could return to target more slowly
Bank of Canada head: inflation could return to target more slowly
NFL executive Troy Vincent: 'We failed miserably' on pass interference review
Pass interference won't be up for review next season. There's a reason for that, a prominent league executive said.
Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?
Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...
South African bankers work from home
“We have established that we can work very effectively from outside of the building.”
First domestic flight after resumption of services lands in Hyderabad
An Air Asia flight from Bengaluru was the first to land at the Rajiv Gandhi International Airport (RGIA) here on Monday morning
Sony Xperia 1 II Pre-Orders Start June 1, Shipping On July 24
Sony has announced that pre-orders for the Xperia 1 II are going to start on June 1. With them shipping out on July 24. We have already seen the Xperia 1
Early identification helped Nagpur, says civic chief Tukaram Mundhe
Nagpur: Over 75 per cent of people who got infected with novel coronavirus in Nagpur have since recovered and been discharged, and the death rate of 2 per cent is also among the best in Maharashtra and the country, Municipal Commissioner Tukaram Mundhe said on Monday. He said measures like early identification, tracing, isolation, treatment […]
Canada's banks to cement status as solid investments in a crisis
Canada's banks to cement status as solid investments in a crisis
L&T Rating: Buy — A modest showing in the final quarter
FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained
MP Housing Board restarts ongoing construction works in Indore district
MP Housing Board has again started the ongoing construction works in Indore district worth Rs 200 crore. The major Housing board projects which are under construction are Rainbow towers at Snehlataganj which are 15 storey commercial and residential towers which has hundreds of shops and 3 and 4
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
Lyon boss asks PM to reconsider early end of French season
Lyon president Jean-Michel Aulas is asking French authorities to backpedal on their decision to end the football season prematurely amid the coronavirus pandemic.
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.
US unemployment rate could rise to above 25% - Goldman Sachs
Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. Th
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Top 5 Things to Know in the Market on Monday, May 25th
Top 5 Things to Know in the Market on Monday, May 25th
Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%
Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.
No end to struggle of migrant workers even after reaching home
No end to struggle of migrant workers even after reaching home. The corona-fuelled lockdown having shattered their dreams, they are now walking, cycling and hitchhiking hundreds of miles under an unforgiving sun blazing down at over 40 degrees to reach their homes in an impoverished Bihar, where an uncertain future awaits them.
H&J Smith looking to close stores
H&J Smith Group says it is considering closing stores in the South, affecting 175 staff, as it tries to secure its long-term future.
Boris Johnson will pay a price for standing by Cummings
If the UK Prime Minister's most important adviser did nothing wrong, why did all sides work so hard to conceal what he did?
Newmont Stock Has Doubled. Is It Still A Buy?
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.
Poland's president appoints new head of embattled top court
Polish President Andrzej Duda on Monday appointed a judge backed by the right-wing ruling party to be the new head of the Supreme Court, marking apparent victory in years of government efforts to take
Uddhav Thackeray vs Piyush Goyal: War of words erupts between Maharashtra CM, Railways minister over Shramik trains
In his address to the state on May 24, Maharashtra Chief Minister Uddhav Thackeray said that while he had demanded 80 special trains per day for the state to ferry migrants home, it was getting only 40.
EU’s top diplomat urges ‘more robust strategy’ toward China
European Union's top diplomat has called for the bloc to have a “more robust strategy” toward China amid signs that Asia is replacing the United States as the center of global power.
Business leaders urge caution on return-to-workplace approach
SOME business leaders are urging companies to examine their individual situation, and hav...
'I need that competitiveness': Tomljanovic buoyed by return to court
Ajla Tomljanovic's hopes of winning the UTR Pro Match Series in Florida have been washed out as she was locked at one set each against Danielle Collins.
Global shares rise on hopes for economies' gradual reopening
Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Gold Down Over Escalating U.S.-China Tensions
Gold Down Over Escalating U.S.-China Tensions
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Texas Instruments makes it harder to run programs on its calculators
Texas Instruments has pulled the support for assembly-based programs on its graphing calculators -- it's meant to fight cheating, but also hurts hobbyists.
Stock Market Boost: Unemployment Outlook Shifts To Positive
The unemployment trend, no longer rising, now looks ready to decline
Japan Economy Minister Nishimura: State of emergency no longer needed in any region of country
As noted, Japan is seeking to end its state of emergency this week and in recent headlines, Japan Economy Minister Nishimura is on the verge of making
‘We don’t want to wait’: Sukazi says as he edges closer to buying Celtic status
Tim Sukazi has been in negotiations with owner Max Tshabalala since January over the purchase in a bid to make his TS Galaxy side a top-flight outfit.
Pandemic Receding, Investors Review The Fallout
But if we are dealing with this come July, markets are going to reassess big time.
SCR ferries over 2.40 lakh migrant workers so far
SCR has run 196 Shramik Special Trains transporting over 2.40 lakh migrant workers to their native destinations till date.
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.
Rand steadies, stocks open lower
At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.
57th Anniversary of Africa Day: India Unites with Africa to Fight Corona
It’s the 57th Anniversary of Africa Day! Commemorated every year on 25th May, the day asserts Africa’s dignity and contributions to human civilisation. On this day, Africans pay tribute to their founding fathers who established the Organisation of African Unity, now known as the African Union.
Grocery prices start to soar
Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.
Dollar holds advantage as Hong Kong tensions test risk-wary investors
Dollar holds advantage as Hong Kong tensions test risk-wary investors
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...
CSMIA operates 47 flights to 14 destinations on May 26
These 47 flights were undertaken by seven domestic carriers, Mumbai International Airport Ltd ( MIAL) said in a statement.
Australia gives companies a six-month break from earnings forecasts
Australia gives companies a six-month break from earnings forecasts
Business owners urged to adjust to survive
MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dw...
RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
Earnings Estimates Decline Further, Pushing Stock Market Valuations Even Higher
Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, SPDR S&P 500, Apple Inc. Read Michael Kramer's latest article on Investing.com
Barrick pays Tanzania initial $100 million after gold shipments resume
The government had imposed a ban during a tax dispute.
Transfer Rs 1,000 to each Indian per month: Abhijit Banerjee and Esther Duflo suggest Centre
Esther Duflo said India was already in a position to start universal basic income quickly as it had the Jan Dhan accounts-Aadhaar-mobile system in place.
Alabama unemployment system glitches cause claims issue
Some Alabama residents spent the holiday weekend struggling to claim their weekly unemployment benefits.
Gold Price Analysis: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday.
Estonia sees 20%-drop in foreign tourists in Q1
As the effects of COVID-19 spread and related restrictions become visible in quarterly statistics, in the Estonian tourism industry a drop over 20% of foreign visitors in the first quarter of 2020 has been recorded in statistics from the Bank of Estonia as quoted by ERR.
Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media
Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st
Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?
U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.
Southern Company: Still A Stock To Own?
In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.
371.67 lakh quintals of sugarcane procured in Hry
Haryana Cooperation Minister Banwari Lal on Sunday said that in the current crushing season 2019-20, all ten cooperative sugar mills of the state have procured 371.67 lakh quintals of sugarcane by May 21. The procurement is made after spending an amount of Rs 1262.54 crore, for which the payment
Allow higher workforce for factories in green, amber zones to meet rising demand: Parle Products
Restrictions on number of workers in factories located in green and amber zones, specially for food products companies, need to be relaxed as meeting demand will become difficult and can lead to scarcity, according to a senior official of biscuits major Parle Products.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Disney+ Gains 2 Million Oz Viewers In First Four Months
According to the latest data from Roy Morgan, Disney+ had attracted 2 million viewers in Australia by end-March, only four months after the streaming service entered the local market.
China points direction for post-pandemic world – The Global Times
The Global Times reports that China is "pointing out the correct direction - improving and reforming globalization; upholding multilateralism - for th
SA wine industry still reeling from effects of exports ban
Wine exports were prohibited for five weeks during the strict national lockdown under level 5.
Prices of N-95 masks down by up to 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.
Air Baltic reports over 13,000 new bookings as flights resume
Relaunched routes include Riga to Amsterdam, Berlin and Munich, and Tallinn to Paris…
Ministry discloses updated Egyptian petrochemicals plan 2020-2035
The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
EU eyes first face-to-face summit in months to haggle over budget
EU eyes first face-to-face summit in months to haggle over budget
NASDAQ Awaits Other Indices To Follow Its Lead; V-Recovery In Place (For Now)
Stocks Analysis by Declan Fallon covering: S&P 500, US SmallCap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Deploy Bear Call Spread strategy in Nifty as weakness expected to continue
Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.
EU must present united front to shield pandemic-hit banks: regulator
EU must present united front to shield pandemic-hit banks: regulator
Available data proves NDC manages economy better than NPP – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) says claims that the ruling New Patriotic Party (NPP) are better managers of the Ghanaian economy are inaccurate.
Michiganders hold $50M in unredeemed bottle, can deposits
Fifty million dollars is a whole lot of dimes.
'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'
With more rate cuts expected, we expect bond yields to remain soft in the near term.
Fiscal reforms: State's borrowing to be difficult
With more stipulations to adopt several reforms, it seems to be difficult for the State Government to opt for additional market borrowing in midst of the Covid-19 pandemic. While the State Government has been undertaking several reforms on continuous basis, asking the State during Covid-19
Migrants choosing to stay back after opening of industries
With Punjab industries gradually oiling its machinery to go full throttle amidst the Covid-19 scare, about 50 percent of the migrant labourers, who have registered at the state’s web portal to return to their native towns, have decided to stay back. Every day, the number of migrants going back
Angel investors examine exit options in Egypt after end of holding period
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%
The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.
Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr
Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.
If you invested R100 in these companies on 1 January 2020, here is how much you would have today
Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.
Gold Trading Along Last Week’s Lows
Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com
TRS gains more muscle ahead of MLC polls
The TRS party is adding more muscle in ersthwile Nizamabad with several corporators, MPTCs and ZPTCs from the Opposition parties joining the party over the last fortnight.
Realme launches Buds Q, Buds Air Neo and two power banks
Realme's new TWS earbuds boast 20h and 17h of playback, respectively.
TAB to slash jobs
The sports betting agency the TAB is informing staff of job losses, after a proposal to cut hundreds of roles due to the Covid-19 downturn.
FE News: Audi boss McNish sure Monaco's packed '21 calendar won't upset locals
Plans for Monaco to host Formula E and the Historic Grand Prix alongside Formula 1 next year will not unduly risk upsetting citizens, according to principality resident Allan McNish
Still A Lot of Value in Corporate Bond Market
Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c
UK PM's top aide Cummings defies calls to resign
Dominic Cummings told reporters that he acted 'reasonably and legally' when he drove across the country with his wife while she was suffering from the virus, despite official advice to stay at home.
Report From Italy – How Consumers Act As Retail Reopens
I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.
Taiwan promises 'necessary assistance' to Hong Kong's people
TAIPEI — Taiwan will provide the people of Hong Kong with “necessary assistance,” President Tsai Ing-wen said, after a resurgence in protests in the Chinese ruled territory against newly proposed national security legislation from Beijing.
2.4 lakh subsidised Tirupati Laddus sold in AP on day-one
About 2.4 lakh 'Tirupati laddus' of the hill shrine of Lord Venkateswara at Tirumala near here were sold on the first day of sales at subsidised price in headquarters of 12 districts in Andhra Pradesh on Monday, a temple official said.
Call for financial safety net for vulnerable workers
WITH thousands left reeling from sudden layoffs and redundancies in Jamaica and across th...
Industry insider reveals the true impact of the lockdown on the South African travel industry
An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.
TTD move to sell properties kept in abeyance by AP government
The AP government has on Monday kept in abeyance a move by the TTD to sell 50 properties as per its resolution dated January 30, 2016.
Realme launches 10000 mAh Qualcomm Quick Charge 4.0 Power Bank 2 in India for US$26
Alongside the Realme X50 Pro, the Realme TV, the Realme Watch, and a whole host of upcoming devices, Realme launched the Realme Power Bank 2, a US$26 10000 mAh charger with Quick Charge 4.0 technology.
Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%
Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.
Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’
Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...
India sharply cuts exposure to US govt securities to $156.5 billion in March
In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.
Minecraft has been sold over 200 million times; Mojang rebrands and announces new projects
Microsoft has confirmed that Minecraft has been sold over 200 million times, almost six years after purchasing the rights to the game. The studio behind the game, Mojang AB, has been given a rebrand too and has announced work on new projects.
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
Get to bottom of JB Danquah’s death before Atta Mills – A Plus to Deputy Minister
Musician and politician, Kwame Asare Obeng alias A Plus has wandered how the governing New Patriotic Party(/NPP) is going to get to unravel the cause of death of former President John Evans Atta Mills when the party is yet to get to the bottom of the death of JB Danquah Adu, a former NPP MP.
The one thing these great ICT companies have in common
There is one thing top South African IT and telecommunications companies have in common.
No bad bank yet: Govt plans reforms in asset recast space
The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Zimbabwe govt says committed to protecting human rights
GOVERNMENT is committed to its obligation to protect human rights and dignity of all citizens, irrespective of race, gender or political affiliation for this reason investigations for the alleged sexual abuse, torture and abduction of the three female MDC leaders are being conducted to ensure the perpetrators are brought to book.
F1 News: Aston Martin set for first major change since Stroll takeover
Aston Martin looks set to make its first major management change since the arrival of investor Lawrence Stroll earlier this year, with CEO Andy Palmer tipped to be replaced
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
All About The Bitcoin Halving
Bitcoin just underwent a halving, the third in the cryptocurrency's history, on March 11. Every transaction in the entire history of Bitcoin is recorded on ever
CREDAI writes to PM Modi, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis
Rally likely in oil prices but upside may be capped on uncertain demand outlook
We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.
CBIC clears Rs 11,052 crore GST refund claims since April 8
The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
Over 200k workers could lose their jobs in WC due to COVID-19 - Treasury
The provincial Treasury Department head David Savage said of the over 200,000 job losses predicted, several came from the tourism industry.
Increased support payments for newly jobless people
The newly jobless due to the Covid-19 crisis will be able to get $490 a week tax-free for 12 weeks. The Government this morning announced the $570...
Schalke crisis deepens with shock home loss to Augsburg
BERLIN, May 25 — Schalke 04 slumped to a shock 3-0 home defeat by relegation-threatened Augsburg yesterday, their fourth defeat in five games dropping them to eighth place in the Bundesliga. Augsburg’s Eduard Loewen curled in a sensational free kick from 23 metres in the sixth minute and...
Consumer Spending And Demand Has Changed Due To The Pandemic
The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.
Slump in consumption, exports push Germany into recession in first quarter
Slump in consumption, exports push Germany into recession in first quarter
Pomlum villagers devoid of ration cards, govt cash aid
SHILLONG: As is the case in most other Dorbars, Pomlum is no exception when to comes to receiving cash benefit for the registered daily wage earners. This suburban area, only about 10 km from here, is also devoid of the benefit of ration cards.With m
Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.
Zimnat launches novel inflation linked funeral cover
HARARE-One of the oldest financial institutions in the country, Zimnat Life Assurance has launched an inflation linked funeral policy, Gadziriro/Lungiselelo ZWL$ Funeral Plan the first of its kind in Zimbabwe, which provides for regular review of covers and premiums on a regular basis.
Promised Rs 1 crore to issue death threat to UP CM, says man
ATS officers arrested Chunnabhatti resident on Saturday
Jobs galore under afforestation drive in Telangana
Forest Department has undertaken afforestation work by digging staggered trenches, dovetailing employment guarantee scheme to provide employment to workers.
Thai central bank governor Veerathai will not seek 2nd term
Thai central bank governor Veerathai will not seek 2nd term
Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra
According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.
“Opposition is raising bogey of J&K “demography” for vote bank”
May 24, 2020: New Delhi: Lashing out at the opposition political parties, Union Minister Dr Jitendra Singh said here today that the opposition is raising the bogey of Jammu & Kashmir “demography” for vote bank because it is apprehensive that the new Domicile Rules Notification will not enable it to continue thriving on limited pockets […]
Stimulus Checks Waiting For People With Little Income And No Income
People who have no income at all are eligible to get stimulus checks. People with low income are eligible to get stimulus checks. Homeless people are eligible to get stimulus checks. And, yes, people who aren’t legally required to file federal taxes can get a $1,200 stimulus check.
'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'
Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.
bidorbuy helps South African businesses get back to work
bidorbuy is making it easier for businesses in different sectors to plan for when they may be permitted to reopen.
UK's Johnson struggles to shift attention from aide's trip
British Prime Minister Boris Johnson's plans to announce further lockdown-easing measures were being overshadowed Monday by an outcry over the movements of a senior aide who allegedly flouted restrict
Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on
South Africa’s richest people recover some lockdown losses
South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.
How to build an emergency fund
The financial problems caused by the pandemic has made everyone realise the importance of maintaining an emergency fund
TUCI holds rally in B'pur on workers' demand
In response to the call given by the Central Trade Unions, the Trade Union Centre of India (TUCI) staged a rally before the Joint Labor Commissioner’s office here on Saturday morning on workers' 6-point charter of demands. Among others, who supported and joined the protest include TUCI
Cree Stock Headed Below $35?
Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...
Sovereign rating: Economists shrug off downgrade fear amid Covid crisis
Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.
SC allows Air India to fly with middle seats filled for 10 days
SC allows Air India to fly with middle seats filled for 10 days. The SC observed that the government should be more worried about the health of citizens rather than the health of commercial airlines.
As jobs dry up, some foreign nationals struggle under lockdown
In Brixton, Ralph Sithole said his wife was employed at a restaurant and had not been working for weeks.
ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May
The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.
Anas, Akufo-Addo named among top 50 Africa disruptors for 2020
Ace Ghanaian investigative journalist, Anas Aremeyaw Anas, has been named among top 50 Africans who are ‘shaking up the status quo’ on the continent.
Business Leaders Need To Show The Way To A Post-Virus World
With politicians generally floundering in their attempts to reveal a route out of lockdown, executives have an opportunity to give a lead.
Corporate governance: SBI weighed down by its own laws, says IiAS
The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.
Tiger Brands faces R500 million-plus hit to profit because of lockdown
South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.
Would Modi government move towards direct cash transfers?
Merging state and central income support schemes will make Rs 5 lakh crore available to extend basic income to poor households; this will also stop leakages.
Gold – the solution to a $5,300,000,000,000 money printing problem
Defend your portfolio against inflation with gold.
After Just Five Weeks, Pasta-Delivery Service Al Dente Shuts Up Shop
Italian chef Andrea Vignali did $10,000 in orders last week. But as of today, his tortellini with cacio e pepe filling, potato gnocchi and beef-and-pork lasagne are off the menu. There’s good news, though.
Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020
Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.
Massive fire breaks out in Apoorti market godown
Grocery goods and general goods turned into ashes after a massive fire broke out at godown of Apoorti Super market at Govindpura Industrial area in the morning on Sunday. The godown of Apoorti Super market was gutted in fire due to short circuit borne fire in the early morning hours and locals
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Growth Of Million-Dollar, One-Person Businesses Accelerates
US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.
Bournemouth Came Close to Saudi Takeover in January Before Deal Broke Down
Bournemouth owner Maxim Demin came close to selling the Cherries to a Saudi Arabian business consortium in January, only to see the deal break down over a...
Finances And Coronavirus: Threats And Opportunities In Lockdown Era
The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term
More people seeking help at Nth Canterbury food banks
Food banks are helping a part of the North Canterbury community they don’t normally have to support as the Covid-19 crisis continues to bite....
Richmond, Collingwood to kick off Aussie rules relaunch
The Australian Football League will open its season reboot with a so-called blockbuster between defending champion Richmond and Collingwood on June 11 at the Melbourne Cricket Ground.
Will not operate under current restrictions, say Vikram and city bus operators
As a part of the relaxations granted in the third phase of the lockdown, Uttarakhand Government recently allowed the operation of public transport vehicles in the State with certain restrictions. Currently, the operators of such vehicles are allowed to carry a limited number of passengers.
In race for tourism, Greece reopens cafes, island ferries
Greece restarted regular ferry services to its islands Monday, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
Chocolate company adapts to new normal
A restructure in the wake of Covid-19 has put Jim O’Malley back at the helm of Dunedin chocolate-maker Ocho. Before the outbreak, Ocho was...
85-year-old ex-DG of Imo Broadcasting Corporation ‘stabs wife to death’
Theophilus Okere, a former director-general of the Imo Broadcasting Corporation (IBC), allegedly stabbed his wife to death at Imerinwe community in the Ngor-Okpala local government area of Imo on Monday. Aged
Kharge slams Modi government on absence of sector-specific plan
Senior Congress leader says the Centre has refused to address the crisis
Slate Asset Management launches $500-million fund to finance COVID-hit companies
Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments
Mall REITs - Under Threat From The Lockdown Flight To Online Shopping
Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.
World Bank’s approval for Nigeria’s $1.5b cash coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...
99% MSMEs won’t benefit from Centre’s loan scheme: Chavan
As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.
Mumbai: 21-day doubling rate in Dharavi, lower than city’s 14-day average
The doubling rate of number of Covid-19 cases in Mumbai is 14 days, Chief Minister Uddhav Thackeray had said on Saturday during an interaction with doctors of BMC-run hospitals.
Prices of Japanese premium melons plunge amid coronavirus outbreak
A pair of premium Japanese melons sold Monday for just a slice of the five million yen (US$46,000) reached at auction last year, as the ...
Japan airs strong concern after Hong Kong rally over security law
Japan is watching the situation in Hong Kong "with strong concern" after demonstrators took to the streets to protest China's plan to enact a controversial security law, the top government spokesman said Monday. Chief Cabinet Secretary Yoshihide Suga told a press conference that a free and open system ought to…
Fed Chiefs Speak: Reading Between The Lines
On May 20, 2020, three state Fed chiefs spoke independently on what they expect the economy to do in the near future. I thought it'd be a great idea to reconcil
Australian PM Morrison rolls out plan to save economy as China slaps tariffs on country's exports – Sputnik
Early Tuesday morning in Asia, Sputnik came out with the news conveying the details of the Aussie PM Scott Morrison’s plan to combat China’s recent pu
KIBAARA: Smart food markets for the future way to go
The Covid-19 pandemic has revealed that open markets aren’t built for a crisis like this one.
Active Ethereum Wallet Count Has Grown 350% Since 2018; What This Indicates
There is one key data metric suggests that Ethereum has built immense underlying strength over the past couple of years.
India looks to store cheap oil in United States: Oil minister
India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a
Hulbert: My stock market forecast for June is likely wrong — but watch out for August
The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.
Long lines outside NYC bike stores as people avoid public transportation
Forget Trader Joe’s — long lines are snaking around the corners of Big Apple bicycle stores as transit-averse New Yorkers seek a safe way to get around during the coronavirus
Only a Few Hedge Funds Made Money in March and April. Here’s How
Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.
Germany stamps authority on Lufthansa with $9.8 bln lifeline
FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
A Contrarian View On JetBlue
JBLU has been more than cut in half from its 2020 highs. However, any recovery looks to be quite slow. And the valuation is pricing in a lot of earnings that ar
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese home buyers are back.
£150k boost for Mail Force as Sky TV boss helps PPE charity fund soar to £8.9million
Jeremy Darroch (pictured middle) has donated £50,000 of his own cash while £100,000 has come from the broadcaster.
Reopening Trends: Consumers Spending More On Gas, Kids Still Home From School
The U.S. is slowly reopening its facilities, with a variety of upwards and downwards trends emerging in various areas of the retail landscape.
Universal basic income – an idea whose time has come
‘There’s nothing more powerful than an idea whose time has come,’ said Victor Hugo. This quote helps us understand the growing calls from all spheres of society worldwide for the introduction of a universal basic income (also known as a basic income grant).
Carney: America’s Economy Slowly Comes Back to Life
Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy
Labour Laws: Legal hurdles, trade union opposition force some states to pull back major changes
The move also comes close on the heels of the Madhya Pradesh government last week amending its proposed changes to labour laws, citing the need for legal consent before workers are asked to work overtime.
To consumers, Malaysia’s CPI deflation a sign of pandemic hardship
KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...
Spend the $60b windfall on bigger stimulus
If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.
Huge increase in demand for Walsall befriending service
A community befriending service says it has seen a huge increase in demand due to the coronavirus pandemic.
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
Work to repair a huge sinkhole could take six weeks
Work to repair a huge sinkhole on a Black Country road could take up to six weeks.
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
Telford firm boosts PPE supply with 3D printing
A manufacturing service provider has produced hundreds of face shields for distribution into the NHS.
Dudley Zoo losing £50,000-a-week as coronavirus hits investment plans
Dudley Zoo is losing £50,000 a week while being closed amid the coronavirus crisis with bosses admitting they will have to put plans for a £800,000 new enclosure on hold.
Natural Gas Price: Futures point to further correction
In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont
Spain reopening for tourism 1 July
Tourists can return to Spain from 1 July, its prime minister, Pedro Sanchez, said Saturday. Tourists "do not run a risk or bring a risk of contagion to Spain", he said, amid scattered anti-lockdown protests in Madrid. "The hardest is behind us ... we've o...
Dudley Zoo losing £50,000-a-week as coronavirus hits investment plans
Dudley Zoo is losing £50,000 a week while being closed amid the coronavirus crisis with bosses admitting they will have to put plans for a £800,000 new enclosure on hold.
India welcomes Afghan government, Taliban Eid ceasefire
Earlier, India had expressed concern over the violence in the country despite a deal between the US and the Taliban that would allow for the US to withdraw its troops from Afghanistan after a more than 18-year long stay.
Asian stock market: Bears keeping the reins as Hong Kong issue intensifies
With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
NNPC lists parameters for employment, career progression; makes new top appointments
Explaining the parameters, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the basic academic requirement for newly employed Graduate Trainees in the corporation is a minimum of a Second-Class Upper Division or an Upper Credit for Higher National Diploma certificate holders
ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods
ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.
Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke
Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →
Industrial estates in TN start functioning with new rules
Following permission from the Tamilnadu government, factories in industrial esates located in non-containment zones in the State, including those at Ambattur and Guindy, resumed their operations from today. Continue Reading →
Gold Futures: Correction lower on the cards
Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi
Short-term rates fall by 30 bps, ease working cap stress
Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.
Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk
Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund
How HomeServe has had to adapt to ensure it is there for customers
The boss of home repairs firm HomeServe today paid tribute to the efforts of his staff to ensure essential emergency work is carried out in people’s homes.
Westpac's lagging view of credit risk 'challenging'
Controversial review of Westpac systems found its inability to generate timely and granular commercial property risk data a particular problem.
Gulfport Energy: Stock Appears To Be Overvalued Now Due To The Still High Restructuring Risk
Gulfport's borrowing base was reduced to $700 million, and it is limited to $20 million for further unsecured note repurchases. It has plenty of liquidity for n
TTD to auction 50 immovable properties in TN, Andhra
Tirumala Tirupati Devasthanams (TTD) has decided to auction 50 immovable petty properties located at different places in Tamil Nadu, Andhra Pradesh and Rishikesh in Uttarakhand, a top functionary of TTD said on Sunday. Continue Reading →
Hertz files for bankruptcy after rental-car demand vanishes
Drop in used-car sales compounds financial woes.
‘Hard to See’ Hong Kong Remaining the Asian Financial Center if China Takes Over
Sunday on NBC’s “Meet the Press,” White House National Security Adviser Robert […] More
Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected
Here is what you need to know on Monday, May 25: The new week has kicked off with dollar strength as the US and China have kept tensions high. Thin li
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
How HomeServe has had to adapt to ensure it is there for customers
The boss of home repairs firm HomeServe today paid tribute to the efforts of his staff to ensure essential emergency work is carried out in people’s homes.
Is today a bank holiday and when is the next one?
Planning ahead can help you get the most out of the next bank holiday.
Unis warned to stop hoarding academics' IP for revenue
Universities need to stop treating academics as ATM machines if Australia is to have any chance of maintaining its lead in quantum computing, leading scientist says.
How investment in nature can help the North's economy recover after lockdown
Natural assets are one of the North's greatest strengths, says IPPR North
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Bharti Airtel parent eyes $1 bn from stake sale to pay off loans
Move to help telco clean up debt overhang as promoter debt also impacts ratings
CPF, HDB, IRAS to resume operations at service counters from Jun 2, by appointment only
SINGAPORE: Selected government service centres will resume operations from Jun 2, but by appointment only, as Singapore exits the COVID-19 ...
Five business groups urge Ontario to halt commercial evictions during pandemic
Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, saying many small and medium-sized businesses are at risk of closing.
‘An opportune time to invest in markets’
Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO
Coronavirus Pandemic Could Bankrupt German FA, Warns Treasurer
German FA treasurer Stephan Osnabruegge warned that the DFB is in the deepest economic crisis of the recent past.
Why cash can save the rural jobs scheme
India is set to spend over ₹1 tn on the world’s largest rural employment programme. Can it be made to work better?.Large work sites should be opened proactively in each panchayat without waiting for applications. Anyone who shows up should be allowed to work and payments should be in cash
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Now, brokers cannot use PoA to transfer client shares
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity ma
Coronavirus impact: Toyota will resume production from May 26
Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.
SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters
SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only
Full Text: From the Group CEO of The Pinnacle Property Holdings Limited – Mr Edmund Chiyangwa
By Edmund Chiyangwa I write in response to numerous newspaper and social media hypes regarding the Farm Odar, Nyarungu Estate and Subdivision A of Stoneridge which have been turned into vilification of my father, the Chairman of the Pinnacle Group, Hon Dr. P Chiyangwa.
Japan lifts Tokyo's state of emergency, eyes fresh stimulus
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Canada's banks to cement status as solid investments in a crisis
(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
Five Below: Growth At A Reasonable Price
Management estimates the market can handle 2,500 stores. At recent prices, there is an opportunity to buy growth at a reasonable price. We see potential for a 2
Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery
In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist attacks.
Five business groups urge Ontario to halt commercial evictions during pandemic
TORONTO — Five business groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
Armies of India, China appear heading towards biggest face-off after Doklam
India News: NEW DELHI: Indian and Chinese troops remained engaged in an eyeball-to-eyeball situation in several disputed areas along the Line of Actual Control in.
3 Stocks to Supplement Your Social Security Income
Companies with decent yields with the operations to support their dividends even during an economy-wrecking pandemic are certainly worth considering.
Business activity in Dubai to resume from 6am to 11pm, starting May 27
There will be no restrictions on movement between 6am and 11pm when rule comes into effect
RevoluPAY Now Licensed To Provide Services In Every EU Country
RevoluPAY, a subsidiary of RevoluGROUP, is now able to offer digital banking services to EU member countries with its new PSD2 license.
German government, Lufthansa agree on 9 billion euro aid package
Germany on Monday approved a 9 billion-euro (US$9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive commission about possible conditions.
Bitcoin Hash Ribbons Indicate Post-Halving Miner Capitulation Has Begun
Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in thi
Coronavirus could bankrupt German FA, warns treasurer
The coronavirus crisis could "potentially threaten" the existence of the German FA (DFB), its treasurer Stephan Osnabruegge warned Monday.
Letter to BS: Many services should have been restarted after first lockdown
PM must withdraw the powers of the CMs to put restrictions on the state borders and have separate quarantine rules
Germany's DAX 30 Index: German stocks closes at highest since early March, Lufthansa & Bayer lead the way
The DAX finished the first day of the week at its highest level since the beginning of March. The rally was supported by a better-than-expected Ifo in
Developers could pay compensation after class actions from buyers allege GST was incorrectly charged
A Canberra developer has been ordered to pay a woman almost $30,000. This came after a class action where buyers alleged they were incorrectly charged GST.
Taiwan promises 'necessary assistance' to Hong Kong's people
TAIPEI, May 25 — Taiwan will provide the people of Hong Kong with “necessary assistance,” President Tsai Ing-wen said, after a resurgence in protests in the Chinese ruled territory against newly proposed national security legislation from Beijing. Taiwan has become a refuge for a small but...
Current equity losses underline why planned exit from investment is important
In investing, the level at which you invest is just as important as the value when you exit.
Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon
Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and
USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart
USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi
Belarus' Lukashenko Intends to Discuss Missile Construction with China's Xi Jinping
In September 2019, the president of Belarus stated that he would take steps towards cooperating with his Ukrainian counterpart Vladimir Zelensky in order for Minsk to...
The federal government's $60 billion in JobKeeper savings could be used to prop up vulnerable sectors like tourism – but casuals and visa workers will again miss out
Having discovered an accounting error $60 billion in its favour, the Morrison government is ready to go spending.
Dominic Cummings in untenable position
If a senior Stormont figure, regardless of party affiliations, was found to have travelled some 260 miles to the other end of Ireland at a stage when their partner had Covid-19 symptoms, in clear contravention of the lockdown rules, a resignation or dismissal would surely have been inevitable.
Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
Tax opportunities and tax risk management strategies during a crisis
QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.
India may register recession in third quarter of this fiscal: Report
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
Taiwan promises 'necessary assistance' to Hong Kong's people
Rest of World News: Taiwan will provide the people of Hong Kong with "necessary assistance", President Tsai Ing-wen said, after a resurgence in protests in the Chinese ru
USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles
USD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan’s likely removes of sta
4 More Oil Stocks That Could Go Bankrupt in 2020
These oil companies are on a slippery slope.
UK PM Johnson backs key aide over lockdown breach claims
Johnson rejects calls to sack Dominic Cummings after he came under fire for traveling across the country with his wife while she was suffering from symptoms of the disease
The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t
Two more resource sector raisings out of Canaccord
It's a busy morning for small and microcap resources investors.
Oil firms set price hike whopper: P2.30 per liter of diesel
Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.
Wholesale vegetable prices fall sharply by up to 60% during lockdown
Wholesale prices of tomato, onion and other key seasonal vegetables have declined sharply by up to 60 per cent across the country, mainly due to higher production, compression of demand and market disruption amid COVID-19 crisis.
Cancellations spike, bookings drop as states limit air operations
A massive spike in ticket cancellations, along with a drop in bookings, was reported by the aviation industry for Monday’s flights as several states moved to limit air operations.
Casement Park: No agreement on £33m funding gap says Stormont
STORMONT has still not agreed how to plug a £33 million funding gap plaguing the Casement Park stadium project.
Brands, local and global, get vocal about their Indian roots
According to senior people in several companies The Indian Express spoke with soon after the Prime Minister said that every Indian “has to become vocal for their local, not only to buy local products, but also to promote them proudly”, C-level executives scrambled to come up with a plan to get the brand’s messaging across.
EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure
EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass
Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus
Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch
How coronavirus impacts buyers in real estate market
Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray.
CEO buying struggling New Zealand media company for NZ$1
One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.
GBP/USD retraces three-day losses below 1.2200 on UK/US holiday
GBP/USD seesaws around 1.2180, up 0.05% on a day, during the pre-European session on Monday. In doing so, the Cable pair snaps the previous three-day
Australia PM pushes jobs, Victoria to resume tourism as virus eases
MELBOURNE (Reuters) - Australia’s prime minister stressed the need to create jobs as a way to minimise government welfare spending, while the country’s second-most populous state Victoria set out measures to resume tourism to regions ravaged by bushfires and virus-linked curbs.
Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow
Wholesale commodity markets, including metal and bullion, will also remain shut
Rolls-Royce increases price-cuts pressure on suppliers
Big equipment makers turn to strained supply chain for savings
Everton must focus on two positions if transfer plans are slimmed
Everton have been forced into a rethink of their transfer plans because of the crisis
Nigerians abroad urged to pressurise UK government on Madueke’s repatriation
Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has urged Nigerians in the United Kingdom (UK) to pressurise
Ondo APC factional chairman backs out, declares support for Akeredolu
The factional Chairman of the All Progressives Congress (APC) in Ondo State, Mr. Idowu Otetubi, has collapsed his executives with the APC faction led by Ade Adetimehin, saying he was tired of balkanising the party.
Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200
GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2
Toronto stock market rally led by cannabis while U.S. stock markets closed
Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Virus obstructs US and UK bids for $800m South Korea helicopter deal
Travel restrictions and spending cuts muddy defence sector outlook
Global engines fire up again, Europe makes steady start
Europe, despite reeling under the pandemic, is steadily opening up.
Weekend Revival: Data shows Bangkok swinging back into action
Every day been feeling the same Good news: The weekend returned to Bangkok as life poured into its streets, bringing a return of activity – and traffic By foot and behind the wheel, people were on the move at levels not seen since early March,...
DMart’s secular rally may pause for a while
The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.
U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national
Gold Price News and Forecast: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday. Although fresh risk-off sentiment,
Retail investors throng capital markets during lockdown period, says Reliance Securities CEO
While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc
Some business risks can be prepared for in advance
Corporates will now need to fast track learning from pandemic-enforced disruptions too
Oil price rebound improves investors’ patronage, lifts index by 5.59%
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...
CEO buys ailing New Zealand media giant Stuff Limited for one dollar
Boucher joined as a reporter in 1993 and has spent most of her career at the company
Gold Price News and Forecast: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
European consumers stockpile savings, adding to economic drag
Bank deposits surge as households seek to shield themselves from impact of coronavirus
Asian shares reverse early gains, eyes on China-US trade relations
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.
What every Canadian investor needs to know today
A look at the morning’s market action
IDFC First Bank’s senior management takes 10 per cent pay cut in FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The
Govt ramps up centres for pending class 10, 12 board exams to 15,000
The HRD ministry has already announced that students will appear for exams at schools in which they are enrolled rather than external examination centres
Book sales soar as French lockdown eases
Even so, overall, sales were 60 percent down compared the corresponding period in 2019.
Anushka Sharma’s ‘Paatal Lok’ lands in more legal trouble
The hit Amazon Prime Video series has been served with yet another legal notice
BDO tops initial list of top taxpayers in 2019
A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers
Tenants urged to allow safety checks
Fears that many are refusing to have the vital annual safety checks carried out over coronavirus concerns
Parks packed, terraces open as Madrid and Barcelona celebrate easing
Hundreds of Madrid residents flooded to the city's parks as lockdown measures were finally eased in the Spanish capital and in Barcelona, while beaches reopened in parts of the country after months-long closures.
USD/CAD: Oil to refrain the loonie recovery – CIBC
Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l
Sony Extended Play sale: Huge discounts on The Witcher 3, FIFA 20, and more
Here are some amazing PlayStation 4 video game deals that you would not like to miss out on during the Sony Extended Play sale.
The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low
Investors look to an eventual economic recovery, but credit markets may be seeing things differently
Fast Track mergers: MCA keen to extend facility to more classes of companies
asks industry to come up with comprehensive suggestions
Got $5,000? Then Invest It in These Cheap High-Yield Dividend Stocks.
These top-tier businesses boast sustainable yields ranging from 6.8% to 9.9%.
Crack in fashion! Tesco stocks white eggs for the first time in more than 40 years after huge rise in demand
The eggs - which are used in McDonald's breakfast McMuffins - will cost the same as the brown free-range equivalent, starting from 89p for a box of six medium eggs.
Taiwan promises 'necessary assistance' to Hong Kong's people
Taiwan will provide the people of Hong Kong with "necessary assistance", President Tsai Ing-wen said, after a resurgence in protests in the ...
Let’s support farmers and try to keep shopping locally
From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.
40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report
The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%
GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle
The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh
'Probably off the cards': NCA backs away from bridge replacement
The National Capital Authority was considering replacing Commonwealth Avenue Bridge
Bitcoin Miners in Sichuan Province Ordered to Shut Down in ‘Orderly Manner’
The Chinese province is said to be home to roughly 10 percent of Bitcoin's global hash power.
Bayer shares jump on report of Roundup settlement
FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...
Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings
CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain
Multinational Force in Sinai Represents ‘An Insurance Policy,’ Says Former Israeli Defense Official
Egyptian-Israeli relations are at their best level since the peace treaty was signed, mostly based on common security interests. But something can always go wrong.
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao
Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o
40% tourism firms staring at complete shutdown risk in next 6 mnths: Report
The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent
CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons
Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr
Wolves are at it again, destroying Zimbabwe’s currency
Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges if China enacts a tough new security law. China plans to impose legislation on the semi-autonomous
EU: 'End' of U.S. Leadership, Rise of China 'Happening Before Our Eyes'
BERLIN (AP) - The European Union's top diplomat has called for the bloc to have a "more robust strategy" toward China amid signs that Asia is replacing the United States as the centre of global power.
Furloughed Eurostar workers helping language students during school closures
Train drivers are among the staff who are hosting online sessions to help pupils maintain their skills while studying at home.
Trade deal with Europe seems a long way off
The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.
Devotees, religious groups up in arms against TTD on decision to sell away Lord Balaji's assets
The decision to sell immovable assets of India's richest Lord Venkateswara temple on Tirumala hill shrine not only triggered political storm but also drew protests from devotees and religious groups. Even ruling YSR Congress Party MP Raghuramakrishna Raju opposed the move saying selling the God's assets is belittling the donors.
Nigeria's economy grows by 1.8% in first quarter of 2020
It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.
Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan
The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.
Harte Gold: Digging Into The Q1 Results
Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio
The Offload: Philip Browne’s grave outlook should be taken seriously
Sexton determined to Play On, Plan C and D, word of mouth and by the numbers
Lack of permission to operate special chartered flights hurts seafarers’ job prospects
Lack of government permission by Monday to a ship management company to run a chartered flight on May 28 to Colombo, will kill the employment chances of some 150 Indian seafarers on board five ships.T
S&P 500: The market ended on a positive note in 17 of the past 23 presidential election years – Charles Schwab
Interest in the next presidential election and its potential impact on the market increases exponentially as we approach Election Day. While the outco
Asian shares tick up, eyes on China-US trade relations
Analysts expect trading to be subdued with United States and UK markets shut for public holidays.
‘Please don’t come to Goa,’ urges CM Pramod Sawant, says hotels shut
Sawant also said that most of the people arriving in Goa will either be returning to their own homes or second homes or were expected to stay with their relatives in the state.
CBIC clears Rs 11,052 cr GST refund claims since April 8
Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
Asia stocks mostly up on coronavirus lockdown easing but Hong Kong extends losses
Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at
Furloughed Eurostar workers helping language students during school closures
Train drivers are among the staff who are hosting online sessions to help pupils maintain their skills while studying at home.
Furloughed Eurostar workers helping language students during school closures
Train drivers are among the staff who are hosting online sessions to help pupils maintain their skills while studying at home.
MPs Demand New Laws to Stop State-Owned Companies Investing in UK Infrastructure
A group of Conservative MPs are asking the prime minister to bring forward legislation to limit the involvement of state-owned companies in our national infrastructure, in yet another thinly-veiled attempt to get Huawei out of our future mobile phone networks.
Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.
CBIC clears Rs 11,052 crore GST refund claims since April 8
India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s
FEC shrugs off market worries over Bourke Street tower
Of eight construction projects in Melbourne given the green light on Monday, four involved crucial amendments to existing permits.