Economy 1511
Vanishing jobs for young could create 'lock-down generation'
The Middle East is just one of the world's many regions struggling to cope with the Covid-19 outbreak. After first peaking in China, where it began, then Europe, now it's the Americas that is seen as the main epicenter
Forex Today: sentiment tosses and turns
What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r
Target - On Target, Fairly Valued
Target is enjoying real momentum in sales, driven by digital and essential categories. The store base and specific headwinds in certain categories, including th
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as...
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
6 contract workers at TISS lose jobs; union calls it immoral
Lease of 2 off-campus hostels where they were employed ends
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
NCAA grants waiver to transfer wing Johnny Juzang, making him eligible for UCLA in 2020-21
Johnny Juzang, a promising 6-5 wing who decided to transfer from Kentucky to UCLA after a single season with the Wildcats, has been granted a waiver by the NCAA to compete in the 2020-21 season.
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Hong Kong no longer qualifies as autonomous under China, says Pompeo
Hong Kong, an economic powerhouse, is a Special Administrative Region of China
Singapore warns of worst economic contraction since independence
Singapore warns of worst economic contraction since independence
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
TIPEDI cautions NASS against interference in IMC audit
Transparency in Petroleum Exploration and Development Initiative, TIPEDI, has asked NASS, not to interfere with the work of NDDC-IMC.
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
China is trying its best to protect Hong Kong from instability – The Global Times
The war of words and Chinese propaganda is heating up between the US and China. The Global Times reports that the US has "hidden key information and f
Pompeo: China in the past year 'has shed any pretense' that people of Hong Kong enjoy high degree of autonomy – Reuters
Reuters reports that the US State Sec. Pompeo says China in the past year 'has shed any pretense' that people of hong kong enjoy high degree of autono
Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript
Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras
'Move on' says British PM, as row over adviser Cummings persists
LONDON (Reuters) - Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a “very, very frustrating episode” when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown.
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
Money laundering case: DHFL promoters Wadhawans sent to jail
Kapoor is currently in the ED's custody. The Wadhawans are also being probed by the CBI in connection withthe same case.
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
Coronavirus tourism lockdowns hit Hawaii’s vacation rental industry hard in April | Honolulu Star-Advertiser
Vacation rental accommodations, even the legal ones, were economically decimated in April amid COVID-19 fears and tourism lockdowns.
Buhari approves funding for first phase of Siemens power deal
President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
Jade Harlow talks 2020 Daytime Emmy nomination for 'The Bay'
Acclaimed actress Jade Harlow chatted with Digital Journal's Markos Papadatos about her 2020 Daytime Emmy nomination for
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure
NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »
HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript
HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of
Why Moderna Stock Dropped Today
The biotech's coronavirus vaccine reportedly made some people sick.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
Historic pay equity settlement imminent for teacher aides - Hipkins
The Ministry of Education and NZEI Te Riu Roa have agreed to settle the pay equity claim for teacher aides, Education Minister Chris Hipkins announced today.
Tech selloff weighs on S&P 500, Nasdaq
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
Ex-IAAF chief Diack's corruption case changed to 8 June
The Paris trial of Lamine Diack who is accused of accepting millions of dollars to cover up positive Russian doping tests, has been moved back five days to 8 June.
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Walgreens Boots Alliance: The Case For Buying In At Near 5-Year Lows
Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe, employing 440k staff globally
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.
50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey
The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.
5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN
Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.
The Bentley Flying Spur Has The Best Back Seat In The Business
With the Mulsanne ending production, the 2020 Bentley Flying Spur will take over as the UK automaker's flag...
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
SAA business rescue practitioners get leave to appeal lay-offs
'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.
Bihar Paid Rs 1 Crore To Bring Back Stranded Students From Kota: Sushil Modi
Bihar Deputy Chief Minister Sushil Kumar Modi on Wednesday said that the state government had paid Rs 1 crore for arranging 17 trains for the return of students belonging to state who were stranded in Kota.
The first batch of Sri Lankans leaves Doha in special repatriation flight
The first batch of Sri Lankans departed from Doha as part of a repatriation drive by the Embassy of Sri Lanka in Qatar, yesterday. A total of 275 were onboard Srilankan Airlines flight UL 218 departed from Hamad International Airport.
Haryana liquor scam: Key member to retire on May 31, govt yet to empower SET
About 5,500 boxes of liquor which were recovered from smugglers by police and excise officials in 14 cases had disappeared from its stock in Sonipat district which had prompted the probe into the matter.
Four recruitment firms join hands to help India Inc return to work
India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work
'We know businesses are hurting': Qld Tourism Minister
Queensland Tourism Minister Kate Jones says it is a delicate balance between health and the economy when dealing with the coronavirus.
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
AUD/USD: Potentially higher with resistance at 0.6659 – OCBC
The broad USD took a serious hit, as investors continue to impute positivity on the back equities and shake off any negative developments in the Sino/
GBP/USD Forecast: Holding Support will be Key
The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Boeing cutting more than 12,000 jobs with layoffs, buyouts
The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.
Nevada to reopen casinos June 4, welcoming tourists again
By allowing the casinos to reopen, with new rules on social distancing and sanitizing, the governor said Nevada would again welcome visitors but would be prepared to close down again if there is a spike in cases.
IGNOU Extends Deadline For Submission of June Term End Exam Forms | Check New Date Here
The courses in the open university are offered in two sessions over the year, one in January and another in July.
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
Privatisation of discoms an opportunity, says JSW Energy CEO
The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.
Holcim restarts Luzon, Davao operations
Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s
The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
World economic prospects darken, rebound delayed: Reuters poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...
No more furlough: Rishi Sunak 'set to close scheme to new applications'
Employers could soon also have to pay 20% of workers' wages, with the government funding 60%.
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
Lagos pulls down distressed storey-building - The Nation Nigeria
The Lagos State government on Tuesday demolished a two-storey building located on Western Avenue. The building, situated at ..
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
Renault and Nissan deepen cooperation in bid for survival
TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...
Commentary: More action needed to bolster economy — and quickly
A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.
Police called to shut down party at disused industrial unit in Gorton
The revellers left the building after officers spoke with them
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the
EUR/USD: The safe-haven US dollar is gaining some ground
EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
Gold hits 2-week low on optimism around reopening of economies
Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
Amitabh Bachchan: ‘Amar Akbar Anthony’ surpasses ‘Baahubali 2’ collections, when adjusted for inflation
The Bollywood star said that his 1977 film made ₹7.25 crores upon release, a figure that would cross the ‘Baahubali 2’ collections if adjusted
Is this the death knell for bank branches?
Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...
Trudeau points to job listings
UPDATE 8:48 a.m. Wednesday morning was Prime Minister Justin Trudeau's 65th early morning address to Canadians from Ottawa.
$400-M ADB loan to fund PH capital market dev’t
The Asian Development Bank has approved a $400-million policy-based loan to support the government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
British minister says 'move on' from rage over PM adviser Cummings' road trip
LONDON — A British minister said on Wednesday that it was time to “move on” after Prime Minister Boris Johnson’s senior adviser provoked outrage and widespread scorn by making a 400 km (250 mile) road trip during the coronavirus lockdown.
AP High Court investigates petition against Chandrababu Naidu, adjourns case for tomorrow
The he AP High Court on Wednesday has investigated the petition filed against opposition leader Chandrababu Naidu over the violation of lockdown rules
Aldi announces plans to open new store in Cork
Aldi has said that the new store will see “substantial investment” in the area.
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
First Emirati winner shares Dh1 million with five others in Emirates Loto
Six UAE residents each won Dh166,666 in last Saturday’s draw
Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake
The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
Stripe expands in Europe, adding five more countries
Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source
MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...
UK lockdown drives fastest growth in grocery sales for over 25 years
Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.
Stranded overseas, Chinese vent anger on aviation regulator
BEIJING (Reuters) - Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China’s aviation regulator.
Gold Price Forecast: New Trend Lower is Forming
Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
USD/BRL: 6.00 is a realistic upper barrier – Credit Suisse
Analysts at Credit Suisse think the more forceful FX intervention language and improved external sentiment warrant a range approach to USD/BRL, target
Gold prices hit 2-week low on reopening optimism
US gold futures were down 0.5 per cent to $1,697.60.
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Everything we know about Ben Affleck and Ana de Armas' relationship, Business Insider - Business Insider Singapore
Business Insider - The couple hit it off while playing a married couple in the movie "Deep Water," which was filmed in New Orleans, Louisiana.. Read more at businessinsider.sg
Rahul spreading false news; no one can threaten Modi's India: Ravi Shankar
Amidst the rising tension in east Ladakh along the Sino-India border, Union Minister Ravi Shankar Prasad on Wednesday said that no one can threaten Narendra Modi's India
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
Locust attack may benefit these stocks as agrochemicals usage shoots up; check target prices
Large swarms of locusts were seen across the states of Rajasthan, Madhya Pradesh, and parts of Maharashtra in the past few days, prompting fear of how bad the agriculture could be hit by such pest attacks.
Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00
Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s
Horner has a solution for limited budget, but still expects pain
Especially teams in the midfield and rear of Formula 1 are struggling due to the corona crisis and are even threatened in their survival if this would last longer. That is why the budget ceiling will be lowered even further in the coming years. However, this will have consequences for the top teams, Christian Horner explains to The Race.
Blow for Ruto as 3 Mt Kenya MPs announce defection from Tanga Tanga
A bad month for the DP just got worse
The full list of shops, restaurants and businesses the government has banned from reopening on June 15
Lockdown is easing, but not for everyone…
Twenty-nine of Canada's 48 national parks to reopen to day-use visitors June 1
More than half of Canada's national parks — including Banff in Alberta, Pacific Rim in British Columbia and Cape Breton Highlands in Nova Scotia — are to reopen June 1.
Googlers can start returning to work July 6, but on limited basis
Search giant Google will start welcoming employees back to offers beginning July 6 but on a volunteer and limited basis.
Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
Yogi Adityanath makes a U-turn: States need no permission to hire workers from Uttar Pradesh
CM Yogi Adityanath had said any state that wants migrant workers back from Uttar Pradesh will have to seek permission from his government. He also announced that the government will set up a Migration Commission.
Walmart partners with thredUP to offer new and pre-owned clothing
Shoppers can now purchase thredUP's secondhand wares through Walmart.com.
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
Salaries get chopped for many Americans who manage to keep jobs
Americans taking pay cuts 'might have little, and in some cases maybe nothing, left over after that for discretionary purchases'
Takeaway challenges customers to scoff huge burger 'big enough to feed 10 people'
Kebabistan in Preston has added a 14 inch burger containing more than 2kg of meat to its menu - and has challenged people to finish it in less than 20 minutes once lockdown is over
After row over paid quarantine, Kerala mulls changes
Chief minister Vijayan under fire for making Keralites pay for 7-day quarantine
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
Valuation of Plus Two answer papers begins
Due safety precautions taken in view of COVID 19 pandemic
Another economic crisis and the cupboard appears bare
We need a new accord with government, unions and industry around a new set of reforms to build a sustainable recovery.
Three European air forces approve performance benchmarks for next-gen fighter jet
The criteria will be used to whittle down the number of design options as the Future Combat Air System program proceeds through the next stages of development.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
FG to inaugurate 200,000 capacity yam storage facility in Benue
The federal government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs)
ZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
Expect Canopy Growth Stock to Pass Its Big Earnings Test
CGC stock has rallied from March lows along with other cannabis stocks. As the sector shows signs of life, Canopy earnings need to be solid.
Despite lockdown orders, murder rates are rising in cities across America, Business Insider - Business Insider Singapore
Business Insider - Homicides in Nashville have spiked 233% during the pandemic. Houston, New York, and other cities have reported sizeable increases, as well.. Read more at businessinsider.sg
European Stimulus Plan Gives Markets More Momentum
Rising tensions with China did not dull the effects of a new fiscal stimulus proposal in Europe on markets, which
Niger lost $120 million in arms deals over three years: government audit
NIAMEY (Reuters) - Almost 40% of the $312 million Niger spent on defence procurement contracts over the last three years was lost through inflated costs or materiel that was not delivered, according to a government audit of military contracts seen by Reuters.
NSW freezes public service pay to save $3 billion in pandemic
The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.
Profitably Scaling Regional Cannabis (Podcast)
What does it take to scale U.S. regional cannabis brands and do so profitably? We talk to Aviv Hadar from Oregrown and Eric Ross and Ed Weidenfeld of District C
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region
The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
ALL McDonald’s drive-thrus in Suffolk to reopen next week
More than 1,000 McDonald’s drive-thru restaurants, including all sites in Suffolk, will be reopened to the public from next week.
Japan Plans Possible Flight Subsidies to Boost Tourism When/If Any Form of Normal Returns
Japan's tourism chiefs have revealed a quite staggering yet entirely believable modern statistic, showing that incoming tourism during the month of April fell by... go on, have a guess... 99.9 per cent. That left a mere 2,900 overseas travellers entering the country for a massively ill-advised and no doubt quite bizarre holiday during the month.
Dubai government offices to resume work with 100 per cent employees from June 14
From Sunday, May 31, government offices will start work with 50% staff
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
Tecra Muigai’s Lover Omar Lali Released On Sh300,000 Bond
A Lamu court has released suspect in Tecra Muigai's death, Omar Lali.Lali, 50, was set free on a Sh300,000 bond after spending 21 days behind bars.On Tuesday, Lamu Principal Magistrate Allan T
Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure
The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.
Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting
More Unified Approach to Public Procurement Needed to Boost Kazakhstan’s Economic Recovery
Kazakhstan has made significant efforts over the past two decades to bring its public procurement system closer to international standards, but a considerable part of procurement activity has yet to meet these standards, thereby limiting overall effectiveness and efficiency, says a World Bank Assessment. “We acknowledge that the rules and institutions of Kazakhstan’s public procurement […]
Inflation Fears In A Deflationary World
Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
Twenty-nine of Canada's 48 national parks to reopen to day-use visitors June 1
More than half of Canada's national parks - including Banff in Alberta, Pacific Rim in British Columbia and Cape Breton Highlands in Nova Scotia - are to reopen next week.
More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
UK Parliament is concerned about potential effects of the pandemic on the UK's cash infrastructure
Members of Parliament in the UK are concerned that plummeting ATM usage due to the pandemic may put its cash infrastructure in danger of collapse.
Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open
Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.
JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
Delhi farmer buys flight tickets worth Rs 68,000 to send 10 workers back home
Pappan Singh, a mushroom farmer in Delhi's Tigipur village, who is helping rewrite the migrant narrative. He has booked tickets worth Rs 68,000 for 10 of his workers to return to Bihar.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
Irregularities in N-Power prompts FG to reform program for greater efficiency
Some irregularities in the N-Power program has prompted the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development to streamline the programme for greater efficiency to provide opportunities for more Nigerian youths.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Why Copper Could Rise From Here
Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris
From Wall Street to Bethlehem, iconic sites reopen from virus
International Business News: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors on Tuesday from the coronavirus pandemic, but n
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Maxim turns to controversial cover model contest during financial struggles
Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom
Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus
Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul
Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair
Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.
They have made winning look easy – Mbappe lauds Liverpool 'machine'
Kylian Mbappe has been linked with a move to Liverpool and Jurgen Klopp's men have impressed the Paris Saint-Germain star.
Duterte wants Aaron Aquino to head Clark International Airport Corporation
After leading the country's top anti-narcotics agency, Aaron Aquino is asked to helm a government corporation in charge of developing the second gateway to Metro Manila
EU to unveil massive stimulus plan for post-coronavirus recovery
The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.
Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now
This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
NordStar Capital to Acquire Torstar
NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...
EU Has Bigger Problems to Worry About Than Gridlock Over Brexit
(Bloomberg) — When Boris Johnson boasted last year he’d got “Brexit done,” weary European governments were only too happy to go along with it.
No backing down say sources on stand off with China
India says that it will not allow any change in status quo on the LAC. We have faced similar situations in the past and will face this one too with strength, the officer also said.
Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled
Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra
Amtrak set to cut up to 20% of workforce by October
Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
Business, unions decide reform is too hard
Big news: nothing will happen! At New Daily:
My Top New England Bank Pick For The 2020s
Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont
Government may get RBI to monetise deficit
India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Maharashtra: Nashik farmers unable to sell onions at fair prices
Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said
Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700
Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Top Stock Reports for Alphabet, Visa & Bank of America
Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).
800 export consignments stranded at Lagos ports
ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen
Australian construction work fell in Q1
The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
JP Morgan's chief economist optimistic about Taiwan's growth
Global investment bank forecasts Taiwan will have better financial rebound than most of world
A-League restart could be stymied by Fox demand for rights fee cut
The A-League is set to kick off in mid-July with players taking cuts. But broadcaster Fox's demands for a massive cut in broadcast rights could scupper the plan.
Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis
On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported
China’s Foreign Ministry: Will take necessary countermeasures to foreign interference
China’s Foreign Ministry: Will take necessary countermeasures to foreign interference more to come ....
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
AUD/USD trades with modest losses, just below mid-0.6600s
The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
Mexican director Alfonso Cuaron calls for domestic workers pay
'Roma' director Alfonso Cuaron backs calls to ensure thousands of domestic workers laid off during the pandemic to continue to be paid by their employers
French economy to shrink by 20% in second quarter as recession deepens
France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…
View: Can India benefit from the world’s frustration with China?
India lacks the sophisticated infrastructure which gives China an edge in manufacturing.
USD/JPY on the defensive around mid-107.00s, below 50-DMA
The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined in a narrow trading band around mid-107.00s. The
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
TN inks mega investment pacts worth Rs 15,000 crore
Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
Actors Equity Association releases list of guidelines for reopening Broadway
The show might go on sooner than we think, but the reopening of the Great White Way comes with a few guidelines that The Actors Equity Association (AEA) will be following when the lights go back
China says will act against foreign interference to Hong Kong law
BEIJING (Reuters) - China will take necessary countermeasures to foreign interference regarding the new Hong Kong security legislation being deliberated, the foreign ministry said on Wednesday.
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Geopolitical time bomb ticks under market rally
Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.
South African Airways aims to resume domestic flights in mid-June
SAA, which is under a form of bankruptcy protection, suspended all commercial passenger flights in late March, when the government imposed one of the strictest lockdowns on the African continent.
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
Opportunities Emerge In Mid-Caps And Small-Caps - Weekly Market Notes May 26, 2020
All fifty states have now allowed some businesses to re-open and this has added fuel to the stock market rally last week. The market seems to be pricing in a qu
Detroit to Get Mask Factory With Investment From Bangladesh
Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
Serie A in talks with Italian govt over restart
Serie A hopes of following Germany and Spain back onto the pitch will be decided on Thursday during a meeting with the Italian government which will determine the fate of the season in football-mad...
On This Day: Patent issued for Scotch tape
On May 27, 1930, Richard Gurley Drew received a patent for his adhesive tape, which was later manufactured by 3M as Scotch tape.
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
Australian businesses in China urge focus on 'common ground'
While openly confident about trade between the two countries, executives on the ground in China privately fear action beef and barley shipments could be just the beginning.
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
Pani Puri Stall Reopens In Delhi's Chawri Bazar Amid Lockdown4
After the Centre allowed some relaxations in the fourth phase of the ongoing nation-wide lockdown to tackle the spread of coronavirus, street food was seen being sold by a vendor in Delhi's Chawri Bazar area.
EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank
EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
Dundee Michelin boss John Reid appointed National Manufacturing Institute Scotland chief executive
The National Manufacturing Institute Scotland has appointed Michelin Dundee boss John Reid as its chief executive.
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
US Dollar Index treading water above 99.00
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Server PCB makers see bright shipment prospects for 3Q20
Server PCB specialists Tripod Technology, Gold Circuit Electronics (GCE) and Allied Circuit have seen clear order visibility through the end of July and are optimistic that their shipments for servers and networking equipment will remain robust throughout the third quarter, according to industry sources.
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
A-League restart could be stymied by Fox demand for rights fee cut
The A-League is set to kick off in mid-July with players taking cuts. But broadcaster Fox's demands for a massive cut in broadcast rights could scupper the plan.
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
News Corp to stop printing more than 100 Australian regional papers
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
Exxon shareholders soundly reject splitting CEO/chairman roles
(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
Swindling investor lands man behind bars
A Bindura man, who swindled a Singaporean investor Ramason Bupendra of mining machinery worth US$500 000, has been sentenced to an effective seven years in prison.
Tourism business reopens cautiously in Jefferson County
The Chamber of Commerce promotes safer steps for tourism businesses reopening by encouraging the Tennessee Pledge.
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...
WTI slips below $32.00 after huge API build joined trade/political tension
WTI fails to carry the pullback from $32.00 while taking a U-turn from $32.50 to currently around $32.30 amid the initial Asian session on Thursday. W
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
Surrey to pay TransLink $30M in land, $9M in cash for work on cancelled LRT
Council considered staff report on city’s 2019 annual financial statements during Monday’s “virtual” council meeting
Dudu Myeni was prepared to cause ‘untold harm to SAA and the SA economy’
Parsing a word cloud from the judgment handed down in the North Gauteng High Court declaring Dudu Myeni a delinquent director for life, paints a devastating portrait of the former SAA board chair and friend of Jacob Zuma’s character and mien.
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
By Deisy Buitrago CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday
AMD Radeon RX 5300 leak suggests Team Red may release another budget contender soon
A benchmark for what could be the AMD Radeon RX 5300 with 3GB GDDR6 RAM and boost clock speed of 1,900MHz has surfaced.
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore
Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
Downgrades from iOS 13.5 halted as Apple stops signing iOS 13.4.1
Apple is no longer signing iOS 13.4.1, a move that prevents iPhone and iPad users from downgrading from the newly released iOS 13.5 firmware.
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
Filing annual returns: LIRS extends deadline to June 30
Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing of Annual Tax Returns to June 30 due to Coronavirus pandemic
Discounts are widening the audience for private jets
The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
62% believe Modi govt either met or exceeded their expectations: Survey
In the survey, 56 per cent of participants were of the view that Modi govt has not been able to address unemployment situation in the country.
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
Opinion: The pandemic has exposed the crack in our fiscal armour
Almost instantly, the COVID-19 downturn proved Canada’s EI system is too slow, too exclusionary and hardly up to task
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
"Move on" says British PM, as row over adviser Cummings persists
By William James and Elizabeth Piper LONDON (Reuters) - Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a
Hundreds of jobs to go as News Corp confirms restructure
News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.
Value hunting? This stock market has become mouth-wateringly cheap
Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Analysis: Pennsylvania’s unemployment trust fund faces insolvency as pandemic continues
Pennsylvania’s unemployment trust fund, the mechanism used alongside the federal CARES Act to provide benefits to unemployed residents amid COVID-19, could face insolvency if the number of claimants remains high into the summer.
Group purchases APC nomination form for Obaseki
The Obaseki Mandate Forum, a pressure group, has purchased the expression of interest and nomination forms for Godwin Obaseki, governor of Edo, for the governorship primary of the All Progressives
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Uday Kotak wants world to 'hire Indians', says country capable of producing top-class human capital
The Kotak Mahindra Bank CEO rejected the notion that Indian engineers are inferior to the ones in the US.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.
John Lewis unveils plans to reopen department stores from June 15
It is part of a phased reopening - but some stores are expected to remain shut.
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
EU open to two-year Brexit extension, says Michel Barnier
The bloc’s chief negotiator said it had always remained open to any extension.
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
World Bank approves $346m for projects in Nigeria, others
Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...
Apple will reopen 100 stores in the U.S. this week
Apple is reopening 100 more retail stores in the United States this week that it was forced to close because of the coronavirus, though customers won't be able to enter many of them just yet.
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
Not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership
Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Kia Evaluating Bringing ‘Soul’ To The Indian Market – Report
The Kia Soul is offered with two different ICE powertrains in the foreign markets, including a 2.0-litre NA petrol unit, along with a 1.6-litre turbocharged petrol motor
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
Ex-TTC CEO Byford to be London Transport Commissioner
Andy Byford, the Briton lionized as New York City’s “Train Daddy,” is to be London’s new Transport Commissioner, taking up the role in June.
France GDP could fall 'around 20%' in second quarter: Statistics agency
France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore
Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg
Severe lockdown will ruin India's economy: Swedish expert tells Rahul Gandhi
"I think for India, you will ruin your economy very quickly if you have a severe lockdown. It is better, skip the lockdown, take care of the old and the frail...," Prof Giesecke noted.
Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned
Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg
Coinbase Buys Tagomi to Boost Institutional Trading
Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Wednesday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Pay up and we will extend Brexit transition, EU tells Boris Johnson
The bloc's chief negotiator Michel Barnier said an extension could be agreed - at a price
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high
The GBP/USD pair retreated nearly 100 pips from the daily swing high and refreshed session lows, around mid-1.2100s in the last hour. The emergence of
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
Spurt in reverse migration of NoRKs expected after June 13
Majority of the returnees now under prioritised category
New Zealand expects plan for safe travel with Australia in June
New Zealand Prime Minister Jacinda Ardern said on Wednesday a draft blueprint on safely starting travel between New Zealand and Australia will be ...
Man Utd take out bumper £140m loan that could be used to fund transfer spree
United are still hopeful of landing some of their expensive transfer targets despite executive vice-chairman Ed Woodward admitted it would not be "business as usual" for the club this summer
As of July 4th, Motorsport UK wants to race again: "Should support the economy"
The United Kingdom is lagging slightly behind in the control of the COVID-19 coronavirus, but here too the measures are slowly being relaxed. Reason for the motorsport federation Motorsport UK to make plans so that people can race again quickly.
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
China's survey team summits Mt Everest to measure its height
A Chinese survey team on Wednesday reached Mount Everest through Tibet to remeasure the exact height of the world’s tallest mountain. According to China’s measurement the height of Mount Everest is
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
7 Cheap Stocks to Buy With Great Potential
In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore
Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg
EU bailout package 'would be a game-changer' for Europe, analyst says
Guntram Wolff has told Euronews that if EU leaders can agree on a one-trillion bailout package for member states it would strengthen the bloc.
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
McDonald's, Primark, IKEA and Poundland among major chains making announcements ahead of June 15
Including McDonald's Drive Thru branches and Primark stores
How to get a discount on HBO Max
HBO Max is now available to stream - if you're considering investing you should first take a look at our roundup of discounts and offers
PM takes Brexit decisions, Cummings does not give instructions, says UK negotiator
LONDON, May 27 — British Prime Minister Boris Johnson takes the main decisions on Brexit policy and his senior advisor Dominic Cummings does not give instructions on negotiations with the European Union, the UK’s chief negotiator David Frost said today. “The Brexit policy is set by the Prime...
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
UK's Frost: EU needs to evolve its position to reach an agreement
The EU's mandate in key areas is not likely to produce an agreement, the UK's chief Brexit negotiator David Frost told reporters on Wednesday. Key quo
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
Vic Education IT manager misused position, directed $14m to own company
Corruption watchdog finds.
Mistakes happen, not good to amplify small negative points: Ambassador of Zambia to China
Zambia's Ambassador to China dismissed the reports by some Western media outlets about Africans being discriminated against because of the novel coronavirus.
UK tells EU: break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
Bengaluru's civic woes may worsen as projects held up due to fund, labour crunch
The city’s civic body has said it was looking to complete projects where work has begun and may not be able to start new ones listed in its ₹10,895.84 crore budget for this year
Funding Cut For Kaikoura Council’s Survival Project
The government has turned off the funding tap for Kaikoura District Council's financial sustainability project.
Truecaller Denies Data Breach After Reports Claim Selling 4.75 Cr Indians' Data On Dark Web
Truecaller has denied any data breach after reports of a cybercriminal selling data of Indian users surfaced. This isn't the first time that the app is being questioned over privacy and security concerns.
Mamata Banerjee seeks PM's intervention in railways sending Shramik Special trains to WB
The state's infrastructure is 'stretched to its limit' following the devastation caused by Cyclone Amphan, she said, adding that West Bengal can receive very few trains carrying migrant workers on a daily basis as of now. The state considers the ferrying of a large number of migrant workers by the railways as a big pr
Taming CRISPR's collateral damage
CRISPR-Cas9 can alter genes at pre-defined sites in specific ways, but it does not always act as planned. An LMU team has now developed a simple method to detect unintended "on-target" events, and shown ...
Is Airbnb’s slump a golden opportunity for rental?
In a post-pandemic world, will tenants once again find themselves on the firing line, facing eviction or enticements to vacate?
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
UK government hopeful to get go-ahead for schools reopening: PM's spokesman
LONDON (Reuters) - Britain’s government hopes it will get the go-ahead from scientists to proceed with the return of some pupils to schools on June 1 and be able to work on ways to increase social contact, Prime Minister Boris Johnson’s spokesman said.
Mourinho preparing for a changed transfer market due to pandemic
Tottenham manager Jose Mourinho expects the transfer market will look a lot different due to the ...
Corona Relief For Hospitality Industry: Validity Of Approval, Classification Of Hotels Extended Until June-End
This breather, however, comes with certain riders such as approvals expiring during the lockdown period, among others
UK's Frost: EU has a lot on its plate right now
The European Union has a lot on its plate right now and it's important they keep enough focus on Brexit negotiations and do not relegate them, the UK'
Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain
Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.
Most SOEs have completed proposed 'new normal' protocols: Minister
Eighty six percent of SOEs have compiled their post-restriction business recovery or "new normal" protocols.
What is hazard pay, and why are Amazon and other companies ending it for essential workers?
The risk to workers hasn't changed, but employers no longer have the same labor market pressures to worry about.
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
AT&T: Do Not Let The Yield Fool You
While the dividend yield is tempting, be cautious and do not let it fool you. Huge debt load means shareholder returns are limited. I give T a true value of $40
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
Tokens for free June rations to be distributed from May 29
In a an official release on Wednesday, Chief Minister Edappadi K. Palaniswami said the tokens would bear the specific date and time of when consumers could go to their ration shops and get their supplies from June 1
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
Japan eyes fresh $1.1t stimulus to combat pandemic pain
The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.
PBoC: China to roll out 11 financial reform measures in near-term
The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee
BI ready for ‘new normal’ operations
THE Bureau of Immigration (BI) said its offices are prepared to resume full operations amid a new set of guidelines and protocols that its employees and stakeholders are bound to follow and observe under a “new normal” environment, after the modified enhanced community quarantine (MECQ) is lifted in Metro Manila and other areas of the country.
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
EUR/GBP clings to gains near daily tops, still below mid-0.8900s
The shared currency caught some fresh bids in the last hour and lifted the EUR/GBP cross to daily tops, around the 0.8935 region. The cross stalled it
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
S&P 500: No supports of note broken – Credit Suisse
S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
UK Minister Says Move On From Rage Over Lockdown Trip Of Boris Johnson’s Aide Dominic Cummings
Dominic Cummings said he had acted reasonably and not broken the lockdown rules. (FILE) London: A British minister said on … UK Minister Says Move On From Rage Over Lockdown Trip Of Boris Johnson’s Aide Dominic Cummings Read More »
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
Saudi Arabia: Tax authority begins inspections of shops in retail sector
Campaign aims to ensure commitment of shop owners to VAT system
NZD/USD trades at fresh multi-month highs above 0.6200
The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
WHO Chief Thanks UK’s Johnson for Support After ‘Very Good’ Phone Call
MOSCOW (Sputnik) - World Health Organization (WHO) chief Tedros Adhanom Ghebreyesus on Wednesday thanked UK Prime Minister Boris Johnson for support for the global...
Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel
Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.
5 reasons why a business needs a POS (Point of Sale) system
If you're a small retailer, you should probably be looking at a modern Point of Sale system to help maximize your sales.
Grand Theft Auto 6 could be out in 2023, according to Take-Two SEC filing
Grand Theft Auto. It’s a small, indie game that hasn’t really spread very far beyond the miniscule audience that plays it religiously. You haven’t even heard
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
Proposed Kannapolis budget has no fee or rate increase
Kannapolis City Manager Mike Legg presented the recommended Fiscal Year 2021 budget to the Kannapolis City Council Tuesday evening.
3 Reasons to Buy Stocks Right Now
Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.
New Finas chairman pledges to strengthen creative industry
KUALA LUMPUR, May 27 — The new chairman of the National Film Development Corporation Malaysia (Finas), Zakaria Abd Hamid, will meet stakeholders of the arts industry soon to discuss its direction and ways to strengthen development of the local creative industry. Zakaria said he is committed to...
What is in the EU’s €750bn recovery plan and how will it affect Ireland?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
Stranded overseas, Chinese vent anger on aviation regulator
The Civil Aviation Administration of China (CAAC) has been flooded with tens of thousands of social media comments criticising it and the Chinese government for the small number of flight options to bring home the people stranded overseas.
USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank
The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b
Absence of EFCC lawyer stalls Oyo-Ita ‘N570m fraud’ case
The trial of Winifred Oyo-Ita, former head of service, was stalled by the absence of Mohammed Abubakar, counsel to the Economic and Financial...
XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports
There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
McDonald's shares exact date every drive-thru in UK and Ireland will reopen
EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
French power couple lose money laundering appeal
A French political power couple lost their appeal Wednesday against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office.
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
Exclusive! ‘Akshay Kumar has promised more funds if the crisis deepens,’ reveals Amit Behl, Sr. Joint Secretary of CINTAA
Bollywood actor Akshay Kumar is leaving no stone unturned in helping the frontline warriors and people who are affected due to the coronavirus pandemi
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
Former rugby chief calls for global tournament in UK and Ireland to raise funds for unions
Francis Baron has drawn up a financial rescue plan and at its heart is a 16-team invitational tournament to be held in the UK and Ireland next year.
Rouhani urges Iran MPs to cooperate as parliament opens
Middle East News: TEHRAN: President Hassan Rouhani urged Iranian lawmakers to "cooperate" with his government in a speech on Wednesday during the inaugural session of t.
NZF Foundation spent $130k on company run by Winston Peters' lawyer
Tens of thousands in donor's funds given to the New Zealand First Foundation were spent paying expenses, wages and bills for people closely associated with the New Zealand First leader Winston Peters.
EU to unveil virus recovery plan amid split over way ahead
The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
Renault and Nissan scrap Ghosn strategy in move to slash costs
Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus
Jayalalithaa’s niece, nephew to inherit assets worth over Rs 900 crore
The judgment comes in the wake of an ordinance passed by Tamil Nadu Governor Banwarilal Purohit for the state government to temporarily take possession of former Tamil Nadu chief minister’s residence and other movable items
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Boeing slashes 12,000 jobs
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo
Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D
Need funds after job loss? Your life insurance policy may help you get it in an easy way
People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.
Nordstrom Needs to Bring Back What Made it Special
Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
'Dangerously naive': APRA warns the worst is ahead
The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.
Are the Coronavirus Bailouts Working? What We Know So Far
If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
Kindiki affirms loyalty to President, appeals for compensation for region
Kindiki also pleaded with the national government to complete stalled projects in the region.
Companies Act amended to make PM CARES Fund eligible for CSR contributions
Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
McDonald's sets exact date every branch in UK will reopen
More than 1,000 are throwing open their drive-thru lanes
Buy Carrier Global As Potential Asset Sales Will Reduce Debt
Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl
M'sians Who Defied CMCO To Balik Kampung Could Lose Jobs If They Fail To Return To Work
Defence Minister Ismail Sabri now challenges those who managed to slip past interstate borders to return home before their employers fire them if they do not report to work after two consecutive days.
Quarter-of-a-mile queue forms at tip on first day of reopening
Keynsham Recycling Centre opened today at 8am
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
EU proposing €750bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
Stock Market Investment in times of Covid-19: Time to rebalance your portfolio, stay invested for long term
Stock markets are hard to predict. The best way to time the market is to remain invested in the market.
Takeovers Panel Responds To Metlifecare’s Application For Letter Of Intention
The Takeovers Panel has reviewed the information proposed to be put by Metlifecare Limited (Metlifecare) to its shareholders for the purpose of voting on a scheme of arrangement (the Proposed Scheme) to effect the acquisition of 100% of the ordinary shares in Metlifecare by Asia Pacific Village Group Limited (APVG).
Kuwait MP set to grill finance minister over fund corruption
The corruption case involves a Malaysian Fund and a Chinese company
Commission to propose EU budget of €1.1T for seven years
Figure would raise spending compared to current seven-year budget for EU27.
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
MTUC calls for tripartite meeting to solve foreign workers issues
KUALA LUMPUR, May 27 — The Malaysian Trade Union Congress (MTUC) has called for a tripartite meeting of government, employers and employees’ representatives to be held soon to address foreign workers’ housing issues to prevent a spike in Covid-19 cases. MTUC secretary-general J. Solomon said...
McDonald's confirms date it will reopen 975 branches in the UK
This will take the total number of McDonald's restaurants back open to 1,019
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
IN DETAIL: Executive order on financial autonomy for state judiciary, legislature
Last Friday, President Muhammadu Buhari signed an executive order granting financial autonomy to the judiciary and legislature in the 36 states of Nigeria. The president is empowered by section 5
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
Blowout At Oil India Well In Assam, Villagers Shifted To Safety
Residents near an oil well of Oil India Limited in Assam's Tinsukia district had to be evacuated after a "blowout" on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems failed.
J&K Govt Extends Ban On High Speed Internet Till June 17
Ignoring the calls for resumption of 4G internet services in the UT over coronavirus pandemic, the JK Govt on Wednesday extended ban on high speed internet till June 17
RRV says Coles truck drivers to blame for repeated damage to new work
A Ballarat resident says planning sessions of the recent RRV Mair St update were warned the centre plantings were likely to be destroyed.
PM signals ‘air bridges’ between countries could be introduced
The UK is to impose a 14-day quarantine requirement for anyone arriving in the country from June 8, but the rules will be reviewed every three weeks.
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Lufthansa bailout 'in Europe's best interests'
German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
New Irish U21 boss Jim Crawford on Alan Shearer's influence
New Republic of Ireland under-21 manager Jim Crawford is eager get back on the pitch and continue...
EU reactions to Commission 750 bln euro coronavirus recovery scheme
BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan
Consider setting up more sites to dump construction waste, NGT tells Chief Secretary
Tribunal against dumping at Bhalswa landfill site as it has crossed its capacity
Globe cellsite builds bring jobs, good employment benefits
One of the hardest sectors hit by the implementation of the Enhanced Community Quarantine (ECQ) is the country’s workforce. The travel restrictions, health protocols, and practically stoppage of thousands of companies and industries all over Luzon have resulted in many layoffs and changes on how people work as compared to the pre-COVID19 routine.
Nigeria to benefit as World Bank approves $346m for Lake Chad countries
The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region
Flights to Kolkata from Mumbai to begin on May 28
No flights to Chennai, Goa till May 31
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
We lost the war in Afghanistan — time to come home, Business Insider - Business Insider Singapore
Business Insider - The US has suffered thousands of losses and spent trillions of dollars in Afghanistan and has nothing to show for it.. Read more at businessinsider.sg
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
Yintech Investment Holdings Limited (YIN) CEO Wenbin Chen on Q1 2020 Results - Earnings Call Transcript
Yintech Investment Holdings Limited (NASDAQ:YIN) Q1 2020 Earnings Conference Call May 27, 2020 8:00 AM ET Company Participants Yvonne Young - Investor Relations
Lockdown-hit farmers in Prakasam press for loan waiver
The All India Kisan Sangharsh Coordination Committee in Prakasam district has urged the Centre to announce a special financial package for farmers who are struggling to cope with the lockdown imposed
Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months
Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The
Where the Welsh Government stands on introducing local lockdowns after Matt Hancock reveals plans for England
First Minister Mark Drakeford has for months said it would be a mistake
Mint Lite | Foreign fund bond holdings at three-year low and other news to know
Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day
"We're waiting" - EPL defender Benjamin Mendy staying patient, as Project Restart continues
Benjamin Mendy has said he's confident the EPL will ensure health and safety is secure before resuming this season.
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
7 red flags to be on the lookout for when restaurants reopen, Business Insider - Business Insider Singapore
Business Insider - Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.. Read more at businessinsider.sg
Ritchie Street shoppers park on Anna Salai, hinder traffic flow
Lanes leading to the electronics hub have been barricaded
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis
"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard
Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know
Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
“Move on” says British PM, as row over adviser Cummings persists
LONDON, May 27 (Reuters) - Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a "very, very frustrating episode" when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown.
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Either way, migrants rescue is becoming extremely dangerous for merchant ships
Container ship ANNE on May 25 had to take on board some 100 illegal migrants off Libyan coast, while being en route from Malta’s Freeport to Misurata Libya. The ship interrupted her voyage and took…
Oshodi-Abule-egba BRT to commence operation in July, says Lagos govt
Lagos State government has said that the Oshodi to Abule Egba Bus Rapid Transit (BRT) route have been completed and operation would commence on that route by July 2020.
India should pull out forces from Kalapani: Nepalese Foreign Minister Pradeep Kumar Gyawali
‘We had pressed India for a meeting between the Foreign Secretaries. But that did not happen’
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Wales warned of 'really rough time' in post-coronavirus recession
'I think what we can probably expect to see in terms of a recovery in Wales is a stop/start recovery which is probably going to take some time'
Gold picks up as market sentiment sours
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are
Wholesaler Quality King sued by AG for alleged coronavirus price gouging
“Quality King’s profiteering during this time of crisis is appalling,” said Attorney General Letitia James. “Instead of ensuring New Yorkers could protect themselves from this virus and stop
Huawei CFO Faces an Uphill Battle Against Extradition to the U.S as a Canadian Court Delivers an Adverse Ruling
Huawei CFO sustains a blow as the Superior Court of British Columbia delivers an adverse verdict in the U.S. extradition case
Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs
Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.
Head of UK ‘test and trace’ system warns won’t be ‘world-class’ at start
Programme to avert new spike in coronavirus infections set to launch on Thursday
Curfew drops banking hours
According to the Kampala capital City Authority (KCCA), Kampala city roads have a carrying capacity of approximately 45,000.
Local bodies ready to pay expense
Amid the controversy over charging money from returning expatriates for quarantine facilities, two local bodies ruled by the United Democratic Front in Kozhikode district have written to the governmen
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
Why is migrant exodus giving Punjab industry the jitters?
According to rough industry estimates, 80 per cent of Punjab's industry is dependent on migrant workforce. This trend of employing workers, mainly from UP and Bihar, started in way back 70s
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors
It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
How Small Businesses Can Soften the Blow of Bankruptcy
Some dos and don’ts for those teetering on the brink
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
Helping supply chains recover
Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help
Greek PM praises 'huge step' of European recovery bid
Greek Prime Minister Kyriakos Mitsotakis on Wednesday hailed a proposed EU coronavirus recovery package as a
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
PM signals ‘air bridges’ between countries could be introduced
The UK is to impose a 14-day quarantine requirement for anyone arriving in the country from June 8, but the rules will be reviewed every three weeks.
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Postmedia to lay off about 40 employees after unions reject salary cuts
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Govt. urged to establish human rights commission
Assurance given to High Court ignored: CPI(M)
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
GeForce Now's new opt-in policy will likely mean a more stable library
NVIDIA today announced a new publisher opt-in policy for GeForce Now that should hopefully mean a more stable library.
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin
MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further
Postmedia to lay off about 40 employees after unions reject salary cuts
TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Jaya property dispute far from blowing over
The judgment could end up being the starting point for many more litigations
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
Govt Delivers Security For Construction Subcontractors
Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.
New Jersey businesses seek reopening plan as they worry about survival
The New Jersey Senate Fiscal Recovery Strategists Committee heard some sobering numbers on Tuesday from businesses shut down by the state to slow the spread of COVID-19.
Chelsea alerted to defensive target’s cut-price £22.4m price tag ahead of possible summer swoop
Chelsea could reportedly land this transfer target for a cut-price fee...
Paid lodging may soon be an option for transit passengers at Chennai aiport
Government considering setting up facility where they can stay during layovers
Government tracks package rollout to gauge impact on ground
Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.
PM signals ‘air bridges’ between countries could be introduced
The UK is to impose a 14-day quarantine requirement for anyone arriving in the country from June 8, but the rules will be reviewed every three weeks.
FBR to facilitate businessmen in tax matters
Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa
Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week
Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.
Why bonds are in great demand
Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.
Exclusive: Nepal Foreign Minister Gyawali confident new map will pass parliament test, India keeps a close eye
Nepal's parliament could not vote today on the new map released by its government recently. In an exclusive chat, Nepal Foreign Minister Gyawali told India Today's Geeta Mohan that parliament will pass the bill soon.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript
Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
AJ McLean to kick off iHeartRadio's 'Summer Camp' series
May 27 (UPI) -- iHeartRadio is launching the new online series Summer Camp with the Stars.
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Forecast: Breezy trade winds to hold through the weekend
Trade winds will strengthen to moderate to locally breezy levels Wednesday and Thursday then hold into next week.
This is when McDonald’s will reopen in Burton, Swadlincote and Uttoxeter, says the boss
It will initially be drive-thru only
Renault-Nissan-Mitsubishi plan to deepen cooperation
Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and
Khamenei urges Iran's new Parliament to concentrate on 'culture and economy'
May 27 (UPI) -- Iran's Ayatollah Seyyed Ali Khamenei told the country's newly elected Parliament on Wednesday the economy and culture should be their highest priority.
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
International Flavors & Fragrances: Growth On Pause Due To Pandemic
In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC
PM wants employers to re-hire, cites 'enormous financial pressure' being felt
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Germany's Scholz: Very likely that we will get an agreement on EU recovery plan
Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G
Shashank Manohar to step down as ICC chairman after current term
The International Cricket Council in a statement on Wednesday confirmed that current chairman Shashank Manohar is not seeking an extension of his term which is due to expire later this year.
Epizyme, Inc. Is Doing Everything Right But Its Shares Appear Fairly Priced
Tazverik's current FDA approval for an ultra-rare disease that, per our analysis, afflicts less than 200 patients/US/year (yes two-hundred, not a typo) & theref
Arbor Realty Trust: Undervalued
Q1 earnings were released on May 8, 2020, with the company posting solid figures. The company's performance seems set to improve in Q2 based on current trends.
Retailers name top areas for IR reform
Changes to strict rosters limits, award classifications and the approval test for collective agreements are on the top of retailers' wish lists ahead of industrial relations reform talks.
Telangana: Three-year-old falls into 120ft open borewell in Medak, rescue operations on
A three-year-old boy fell into an open borewell in Podchanpally village of Papannapet mandal in Medak district. The boy Harshavardhan who was playing
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Dairy remains ‘resilient’ due to business model
JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
Industrial reform will be PM's Everest – it won't resemble Hawke's Accord
The trade-offs that Bob Hawke could offer Australian workers are not available to Scott Morrison. He is right to attempt industrial reform, but it is a courageous and challenging path.
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
Bishop Demands Compensation For Lost Revenue From Tithes And Offerings During Lockdown
A South African bishop has demanded compensation from the government for revenue lost during the national lockdown when people were prohibited
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
PM gives Murrumbateman hot chocolate the thumbs up
Robyn Rowe Chocolates is a hidden piece of decadence just over the northern border of the ACT
Georgia to reopen all shops, cafes, resume public transport before June 8: PM
TBILISI (Reuters) - Georgia will restart public transport and reopen shops, shopping malls and cafes and restaurants before June 8, the ex-Soviet country’s Prime Minister Giorgi Gakharia said on Wednesday.
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
PICK Is The Pick Of The Litter For Inflationary Times
The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In
The JobMaker policy: It is time to develop workplace reform
Readers discuss the government's plans for industrial reform, job creation and vocational training.
Times Square billboards to go dark in support of struggling businesses
More than 100 million pixels will be darkened at 9 p.m. at 46th Street and Broadway and the corner of 47th Street and Seventh Avenue to send a message that more federal support is needed.
EU keeps defence fund alive with 8 billion euro proposal
BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.
Labor flags super pledge for work deal
The ACTU faces pressure from the broader labour movement to safeguard the legislated 12 per cent superannuation guarantee.
3 Gold Stocks to Buy on the Dip
Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.
Dubai government employees to start returning to work on Sunday
DUBAI: Half of Dubai’s government employees can return to their offices on Sunday, and the rest will be able to go back on June 14, the emirate’s government announced Wednesday. The return to work will, however, be made with “intensified precautionary measures,” to protect workers, Crown Prince Sheikh Hamdan bin Mohammed said.
AJ Styles makes WWE After the Bell Phenomenal this week
Two-time WWE Champion AJ Styles sits down with Corey Graves on the WWE After the Bell podcast to discuss his Boneyard Match against The Undertaker, early advice he received from Mr. McMahon, his future on SmackDown and much more.
Industrial reform will be PM's Everest – it won't resemble Hawke's Accord
The trade-offs that Bob Hawke could offer Australian workers are not available to Scott Morrison. He is right to attempt industrial reform, but it is a courageous and challenging path.
Economic Update: Fitch Ratings cuts GDP forecasts again – McKinsey see opportunities for a greener recovery
27 May Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO). Brian...Read More...
Trigon Metals acquires copper-silver project in Morocco
Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
India’s Famed Doklam Team Which Stood Up To China In 2017 Now Leading Nation’s Charge In Ladakh Standoff
The famed Doklam Team which stood up to China during the 2017 Doklam standoff between the two countries is again back in action amid the latest border standoff between the two countries in Ladakh, Hindustan Times has reported.
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
PM Trudeau says jobs available for young people, implores employers to re-hire
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
Greek PM and seven other country leaders discuss efforts to restart the economy
Prime Minister Kyriakos Mitsotakis on Wednesday took part in the third video conference between the leaders of countries that addressed the first wave of the
A particular opportunity in Chinese stocks – UBS
Economists at UBS forecast a U-shaped recovery and expect Chinese equities to outperform developed markets. Key quotes “In our central scenario, we se
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Gold Price News and Forecast: XAU/USD at $1,700 again [Video]
With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced
ETFs pave the road for those seeking diversification
ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
Chico's FAS: Too Early To Invest In This Turnaround
Chico's FAS's financials have been in bad shape for several years. The company has several foundational problems that make its future survival challenging. A ne
[Update: Rolling out] Google Maps adds ‘Support this business’ section linking to gift cards, donations
Local businesses are struggling amid the ongoing COVID-19 pandemic due to decreased foot traffic sales. Google business listings donate...
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
FG builds 200,000 yam storage facility in Benue state for small businesses
The federal government will on Tuesday, June 9, inaugurate a 200,000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue.
To meet revenue shortfall, Punjab to go for additional borrowing amid corona crisis
The state governments have extremely limited fiscal space, especially after the implementation of the Goods and Services Tax.
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
EUR/USD Price Analysis: Bulls await a sustained move beyond 200-day SMA
The EUR/USD pair rallied nearly 100 pips from an intraday low level of 1.0934 and jumped to the highest level since early April. Bulls, however, strug
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
Property tax hike issue to betaken up in Cabinet meeting
Minister in-charge of Dharwad district Jagadish Shettar has promised to take up the property tax hike issue in the next Cabinet meeting and discuss the matter with the Urban Development Minister. Addr
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
The 3 Best Stocks for Beginning Investors
Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.
Georgia to reopen all shops, cafes, resume public transport before June 8 -PM
TBILISI, May 27— Georgia will restart public transport and reopen shops, shopping malls and cafes and restaurants before June 8, the ex-Soviet country’s Prime Minister Giorgi Gakharia said today. Gakharia told the government that public transport, including the metro, would resume on May 29,...
TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum
The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
Commentary: China's tensions could boost Hong Kong's stock exchange
HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions
FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...
Kano workers threaten seven days warning strike over salary deduction
Kolade Adeyemi, Kano The Nigeria Labour Congress (NLC) has threatened to embark on seven days warning strike in Kano over the State...
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
Australia’s superannuation system drives inequality
Robert Lechte, a welfare-state advocate living in Melbourne, believes that Australia’s superannuation system “enshrines inequality”:
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Braddon Northbourne Flats site on the market again, a year after failed sale
The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.
PM CARES now eligible to receive contribution under CSR; govt amends Act
The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26
PM’s Corona Relief Fund crosses Rs4bn mark
Opposition wants parliamentary oversight of fund utililastion; Shahbaz calls for convening CCI meeting.
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds
The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28.
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
How Australia is Balancing Between Economic Reliance on China and Total Strategic Dependence on US
Following in the footsteps of Washington, Australia is ramping up tensions with Beijing despite its huge economic dependence on China, say Professor Alexander Gillespie...
Prospects for global economic recovery look bleak – Reuters poll
The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a
Gold Price Analysis: Pressed to critical support, break or bounce? – Confluence Detector
Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
Engineer faces discipline over Langford residential projects
An engineer involved in four residential projects in Langford is facing discipline for accepting jobs for which he lacked sufficient training or experience. A decision by the association of . . .
Supermarkets ease buying restrictions as excess workers drop off
As supermarkets grapple with balancing out panic-buying with an over-supply of slim margin inventory, sales markdowns will start to pop up on shelves.
What's behind the bank rally
The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Lending a Hand: Pornhub Donating to 10 Charities to Mark 10 Million Followers on Instagram
The world's biggest porn site is also aiming to be the world's most generous one. Pornhub has cropped up since the start of the pandemic, donating to coronavirus...
Second Iranian Oil Tanker Arrives At Venezuela's Largest Refinery
A second Iranian tanker carrying gasoline and oil derivatives has arrived at crisis-stricken Venezuela's main oil refinery, amid escalating tensions between Washington and the two U.S.-sanctioned countries.
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Oil slips on demand worries, Hong Kong tensions
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.
Will give houses, shops to migrant workers, pay their GST: UP govt
Through the migrant commission, the government would provide returning workers social security, insurance and training during which they will be provided an internship allowance.
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
Fortitude Budget: More incentives to support employers to hire workers
The Government will ramp up hiring incentives to employers to support them in hiring workers who have gone through eligible traineeship and training schemes, Deputy Prime Minister Heng Swee Keat said yesterday. For one, the hiring incentive that was first introduced under...
Kenya Airways takeover law to be out by August
Assembly team says it is on course to deliver legal framework.
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
APSPDCL MD promises to revise power bills
Many consumers in Anantapur had complained that their bills were inflated
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
Wonderla gets extension on tax break, as lockdown hits construction
The amusement park operator has obtained a further extension of an entertainment tax exemption from the State government, to cover a period of five years from the date of commercial operations or September 30, 2021, whichever is earlier
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
UK minister quits over PM's top aide taking trip during lockdown
LONDON: British Prime Minister Boris Johnson's government was hit by its first resignation yesterday over the controversy surrounding top aide Dominic Cummings' cross-country trip during the coronavirus lockdown. Undermining attempts by ministers to try and move on from the...
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Natural Gas Price: Cautiously positive
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl
Gold: On the verge of losing the $1700 level
Gold pulled back on Tuesday as the risk theme turned positive and equities rose. The price moves lower toward $1700, FXStreet’s analyst Rajan Dhall re
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
Regional Manufacturing Indexes Begin Long Road Back In May
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im
First-time buyers who'd 'never done DIY' give the 1960s time-warp home they bought 'on a whim' a stunning £50,000 makeover - and now it's worth £65,000 more than they paid
Rosie Potter and Jacob Flurry from Bristol, had no plans to buy until they spotted 1960s Twin Trees. After realising it was still on the market months after they viewed it, they put in a 'cheeky' offer.
Money Saving Expert advice can save thousands on your Council Tax
You can claim back huge refunds, reduce your payments or even cut Council Tax to zero
$100 utilities credit for households with at least one Singaporean
All households with at least one Singaporean member will receive a one-off $100 sum to cover their utility bills. This sum, known as the Solidarity Utilities Credit, will be credited in their utilities bill in July or August and covers all property...
Yasir Al-Rumayyan reveals how the PIF have stayed 'efficient' amid Newcastle United takeover wait
Newcastle United's prospective takeover is in the hands of the Premier League who are conducting their owners' and directors' test and Yasir Al-Rumayyan has outlined how Saudi Arabia's Public Investment Fund have stayed 'efficient' during the coronavirus pandemic
China Crackdown on Hong Kong Threatens Global Order, EU Says
China’s efforts to tighten its grip on Hong Kong pose a threat to the rules-based international order, the European Union’s top diplomat said, calling on member states to respond with a “robust” message.
Contributions to PM CARES Fund will be considered as CSR: Centre
The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
FX Weekly: Calling For Chinese Help
The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia
Federation reform hinges on keeping national cabinet
A plan by Scott Morrison to try and reform Federation may hinge on the state and territory leaders sticking with the national cabinet post-coronavirus.
Zampatti: Made in Australia move crucial to industry's survival
Local fashion designers have welcomed government discussions on boosting the country's textile and manufacturing sector post COVID-19.
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
China's GAC keeps target of 3per cent sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update
Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
French political power couple lose appeal against money-laundering conviction
The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall fr…
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
China to roll out eleven measures to deepen financial reforms
The measures would include accelerating capital replenishment of small and medium-sized banks, further opening up the credit rating sector, promoting the steady development of the "panda bond" market, and stepping up crackdown on financial irregularities.
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
Government furlough scheme now covers 8.4 million workers
At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.
State-owned Chinese company bids to build second UK nuclear plant
The company is blacklisted in the US and its application has created more headaches for UK PM Boris Johnson.
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund
Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."
EE 5G has early advantage over Vodafone
UK 5G speeds hit new high, but still fall behind other nations.
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown
A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Top investor in Italy's Nexi cuts stake as M&A looms
MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
Central Bank of Russia Cancels Banking Licence of Morgan Stanley
The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.
Las Vegas casino reopening ‘major milestone’ for city, industry
While not all properties in the state will take advantage of the initial opening date, several operators said they’re excited to open their doors to guests.
Tottenham boss Jose Mourinho expects much-changed transfer market
Tottenham boss Jose Mourinho has predicted a drastic change in the transfer market once football returns.
5 Stocks to Start Investing in 2020
These top businesses can form the foundation of your investment portfolio.
Why U.S. energy CEOs will get big payouts despite oil meltdown
BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
NHAI offers 'COVID loan' to private operators at 2% more than bank rate
The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020
Wall Street Breakfast: Blastoff!
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec
FG needs to call OGEFZA management to order –Free trade zones stakeholders
OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
Natixis IM Makes Strategic Investment in UK Savings Fintech
Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.
Sotto: Gov’t needs to rebuild economy
SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).
5 Dividend Kings to Buy and Hold Forever
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
Tottenham boss Jose Mourinho expects much-changed transfer market
Mourinho expects big fees to be a thing of the past for now after the coronavirus pandemic.
EU proposing £670bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Otrium is Trying to Solve Fashion’s Inventory Problem
The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.
Four family-owned Ipswich shops to reopen this June
The Childs/Manning family, who have several businesses on St Peter’s Street say they are looking forward to welcoming customers back
Executive extortion goes domestic in "The Don, Part II"
Tom the Dancing Bug, IN WHICH The Don’s criminal reign becomes even more brazen, as he publicly extorts a state during a pandemic
Tottenham boss Jose Mourinho expects much-changed transfer market
Mourinho expects big fees to be a thing of the past for now after the coronavirus pandemic.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
Date announced for Nottingham branch of John Lewis to reopen - and what customers can expect
Numerous safety measures will be in place
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Revealed: conservative group fighting to restrict voting tied to powerful dark money network
Honest Elections Project, part of network that pushed supreme court pick Brett Kavanaugh, is now focusing on voting restrictions
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
Ontario extends all emergency orders for another 10 days
Ontario has extended all emergency orders, including restrictions on social gatherings, for another 10 days.
Preparations in Full Swing as West Bengal to Resume Domestic Flight Operations From Tomorrow
Starting from May 28, the Kolkata and Bagdogra airports will each handle 10 arrivals and 10 departures per day.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
Low-income families are spending more on food since March, says report
Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
5 Investment Trends to Profit From a Post-Coronavirus World
A look at some investment themes relevant in the post-COVID-19 world.
Knauf calls in the bankers as Aus building materials sector in play
German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm.
Stalin demands new TN budget for 2020-21 in view of pandemic
DMK president M.K. Stalin on Wednesday urged Chief Minister Edappadi K. Palaniswami to present a new budget for 2020-21 in view of the crisis caused to the financial health of the state by the COVID-1
Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
‘Tractors and two wheelers will continue to do well as rural economy is in robust health
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
After months of lockdown, Estonian workers flock home from Finland
When Finland locked its borders in March during the coronavirus crisis, tens of thousands of migrant workers from Estonia had an excruciating choice to make: stay put, or go home to see family -- and risk losing their jobs.
New Zealand expects plan for safe travel with Australia in June
The neighbours have been discussing the possibility of a travel bubble between them as both have slowed the spread of the novel … New Zealand expects plan for safe travel with Australia in June Read More »
A history of resistance: key dates in Hong Kong's battle with China
Beijing’s attempts to bring the territory to heel since handover have resulted in pushback and protest
Why You Shouldn't Worry About Moderna's Recent Insider Selling
No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Ardern And Peters Both Untrustworthy On Level 1, Kiwis Paying The Price
“Neither the Prime Minister nor the Deputy Prime Minister can be trusted on the issue of Alert Level 1 and Kiwis are paying the price,” according to ACT Leader David Seymour.
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
NPCC says PDA has failed on all fronts; demand dismissal of govt
Alleging that the ruling PDA government has failed on all fronts, the Nagaland Pradesh Congress Committee (NPCC) Tuesday demanded that the governor step in to salvage the situation by dismissing “this incompetent and callous government”, which it said was “only interested in clinging on to power at whatever cost.”
USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows
The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
McDonald's drive-thrus in Notts set to reopen next month
The wait is nearly over
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
European Commissions unveils €750-billion recovery plan
The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday
Mamata seeks PM's intervention in railways sending Shramik Special trains
The state's infrastructure is "stretched to its limit" following the devastation caused by Cyclone Amphan
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
OnePlus 8 Pro prices skyrocket from secondhand sellers as stock issues continue
A shortage of OnePlus 8 Pro units has left secondhand units being sold for considerably higher prices than you'd find at retail.
Malls, hotels to open in Kyiv on May 30, subject to certain restrictions – Mayor Klitschko
Hotel restaurants will continue to operate in take-away and room service modes.
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
Germany’s Scholz sees recovery fund as more than money
German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore
Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg
Why General Electric Stock Jumped Nearly 10% at the Open Today
The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
CMU failed to disclose bank accounts during AGD audit
Members of the Public Accounts Committee (PAC) were told yesterday that the Caribbean Maritime University (CMU) did not furnish information on all the bank accounts it had during a special audit by the Pamela Monroe Ellis-led Auditor General’...
USD/CAD extends rebound, trades above 1.3800 on oil selloff
The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Kedah state govt will help out KFA, says MB Sanusi
ALOR SETAR, May 27 — The state government views seriously the issues faced by the Kedah Football Association (KFA) and will work to assist the body, especially in terms of settling salary arrears for its players. Mentri Besar Muhammad Sanusi Md Nor said although KFA was not a government agency,...
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
UK ‘firm’ against extension of Brexit transition period, says chief negotiator
David Frost insisted that Britain is taking the stance to avoid more ‘significant’ payments to the EU.
Government Investment Supports The Acquisition Of New Interislander Ferries
State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.
Shashank Manohar to step down as ICC chairman after current term
The ICC is set to discuss the process to elect its new chief at its board meeting on Thursday with media reports saying that the England and Wales Cricket Board (ECB) chief Colin Graves is favourite to fill the post.
Govt to use five hubs to bring back Indians on Vande Bharat flights
Over 275 Indians stranded in Mexico, Peru, Portugal and Netherlands returned via Amsterdam in first such flight on Wednesday
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21
The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
ICC chairman Shashank Manohar to step down at end of term this year
The ICC is set to discuss the process to elect its new chief at its board meeting on Thursday with media reports saying that the England and Wales Cricket Board (ECB) chief Colin Graves is favourite to fill the post.
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Taseko signs deal for Yellowhead copper project in Canada
Taseko Mines has signed an agreement with an indigenous nation as it seeks to secure regulatory approval for the Yellowhead copper project in Canada.
New lockdown plans 'to be announced tomorrow'
It is likely to give the all-clear for schools to begin reopening next week.
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
Mix of loans and grants in Commission €750bn package
Italy and Spain, the worst-hit EU countries by the coronavirus pandemic, will get much of the new money under the European Commission's recovery plans - that mark a turning point for the bloc in moving towards joint debt.
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
Shashank Manohar to Step Down as ICC Chairman After Current Term
An official release by the ICC also confirmed that the board has not taken a call on the process of the elections and the same will be discussed on Thursday.
SBI extends moratorium on loans by three months
Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
As SPCE Stock Remains a Moonshot, Stay on the Sidelines
A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
Central Bank reports €2.5bn profit for last year
The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...
McDonald's is Reopening All of Its UK Drive-Thrus by Next Week
Prepare for the end times, as droves of people descend upon the golden arches for some takeaway fries and a burger, taking over roads and leaving carnage in their wake.
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Japan OKs funds for US$1.1T stimulus to fight pandemic woes
Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.
LINK Has Grown 4x In The Last Year, And May Keep Growing
Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong.
Reopen the Economy
There is a strong case for the government to review the restrictions and eases them considerably to let the people return to businesses. Going by its economic cost, the lockdown has become unsustainable. As things stand, lockdown is wrecking the businesses, leaving thousands of people unemployed
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
China donates PPE to South Ayrshire carers thanks to Provost
The area faced a shortage of protective equipment
This will be the Indian Railways Dehradun station soon! Developers like GMR, Mahindra attend pre-bid meeting
World-class Indian Railways Dehradun railway station is one step closer! The pre-bid meeting was attended by 22 potential investors like the GMR Group, Adani Road Transport Ltd.
Reconsider decision to convert Jayalalithaa’s residence Veda Nilayam into memorial, High Court tells Tamil Nadu govt
On May 22, Tamil Nadu Governor had promulgated an ordinance to temporarily take possession of Jayalalithaa's residence Veda Nilayam and convert it into a memorial.
Rouhani urges Iran MPs to 'cooperate' as parliament opens
Many MPs are ultra-conservatives who oppose Hassan Rouhani on almost all issues, from running the sanctions-hit economy and combating the coronavirus outbreak to managing relations with the United States
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul
A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India
Sebastian Kurz cautious on Commission’s €750B recovery blueprint
Austrian chancellor, a leader of EU’s frugal faction, tells POLITICO he sees some positives in proposal.
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
Blue crab stock remains within healthy range
Results from the latest Blue Crab Winter Dredge Survey—conducted annually by the Virginia Institute of Marine Science and Maryland Department of Natural Resources—show the Chesapeake Bay's blue crab ...
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript
Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P
UK ‘firm’ against extension of Brexit transition period, says chief negotiator
David Frost insisted that Britain is taking the stance to avoid more ‘significant’ payments to the EU.
WTO disputes explained as report puts Newcastle United takeover in further doubt
The World Trade Organisation's confirmation of a dispute against Saudi Arabia could provide another obstacle to a buy-out of the Magpies
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
Tenants fear mass evictions as moratoria expire
Tenants are afraid mass evictions will take place in the coming weeks as eviction moratoria across the country begin to expire.
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
Panel’s mantra of ease of doing business
NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its
China praises Russian FM comments slamming US over interference in HK
China totally agrees with and speaks highly of Russian Foreign Minister Sergei Lavrov's comments that Hong Kong affairs are China's domestic issue, and the US response to the proposed national security law on Hong Kong exposes its sense of superiority, Chinese Foreign Ministry spokesperson Zhao Lijian said at a press conference on Wednesday.
Stranded overseas, Chinese vent anger on aviation regulator
Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China's ...
You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy
The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.
Pelech, Cizikas ready to go once the NHL's phase 2 restart begins
Adam Pelech and Casey Cizikas will be good to go once players resume workouts at team facilities, Islanders general manager Lou Lamoriello said on Wednesday. The news comes a day after the NHL anno…
Canada investigating alleged dumping of steel imports from five countries
Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers
Telangana govt to pay 50% salary to staff for third consecutive month
The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference
WHO creates foundation to tap new funding sources
World Health Organization Director General Tedros Adhanom Ghebreyesus announced on Wednesday the creation of a foundation that will enable it to tap new sources of funding, including the general public.
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
Hong Kong body will play an advisory role: China’s political advisory body
The city’s government will retain enforcement powers, says key Chinese official.
Unorganised workers likely to be brought under special package
‘Govt. largesse has given a boost to the morale of those hit by lockdown’
These are the PCs expected to get the May 2020 Update TODAY.
The first semi-annual update for Windows 10, the May 2020 Update, is launching to compatible devices starting on May 27, 2020, but not everyone will see it the first day. Here's the rollout process that Microsoft is likely to use.
Foodgrains procurement centres to close by May 31
CM tells Agriculture dept. to focus on crop season from June
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
Lockdown presents mixed fortunes for Prakasam farmers
Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times
Boeing sends layoff notices to more than 6,000 employees
May 27 (UPI) -- Boeing said Wednesday it is laying off more than 6,000 employees in the first phase of its plans to reduce its workforce by 10 percent as the airline industry reels from the coronavirus pandemic.
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests ...
Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript
Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
A Much Higher Gold Price Is No Flight of Fancy
Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
UK PM Johnson to join post-Brexit talks as key deadline nears
UK Prime Minister Boris Johnson will meet EU leaders in a bid to reinvigorate stalled post-Brexit negotiations ahead of a key deadline, officials said on Wednesday. Britain officially left the
As China Seeks Support On Hong Kong, India Has The Opportunity To Revive Relations On New Terms
Any serious observer of India-China relations would first point out the lack of reciprocity in it.
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
KSA lifts ban on private-sector workplace attendance
Riyadh – Mubasher: The Saudi Ministry of Human Resources and Social Development has lifted the ban on workplace attendance in the private sector after the GCC nation’s coronavirus (COVID-19) tally recorded 78,541. In addition, government employees …
PM Boris grilled on adviser row but won’t budge
Prime Minister Boris Johnson faced forensic questions on the conduct of his controversial chief adviser Dominic Cummings from members of the Liaison Committee of the House of Commons on Wednesday.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
The average savings account interest rate is less than 1%, but it's not hard to earn more on your money
The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
Gabbard Drops Lawsuit Against Hillary Clinton Over ‘Russian Asset’ Smear
'Defeating Trump more important'
Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?
Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Ethereum’s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months
The use case that helped power Ethereum's record-setting string of positive weekly closes in early 2020, has now gone parabolic.
The 4 Stimulus Bills Saving America From Its Biggest Depression Ever
The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.
Industries grapple with reverse migration of workforce, disrupted supply lines
When the civic body allowed small and medium scale industries in Pimpri-Chinchwad to reopen after almost two months, many enterprises realised that much of their workforce, comprising migrant labourers, had already returned home with little or no plans of returning early.
MediaWorks Layoffs Call Into Question The Value Of Bailouts
The Taxpayers’ Union is urging the Government to urgently reassess its seemingly bottomless support for struggling media companies who take taxpayer money one day, and sack hundreds of staff the next.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
Govt disburses $202 million for 5 million poor families via village funds program
In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.
All shops, barring malls, to be open from today
Opening of shops on alternate days has only led to more crowding: govt.
Mastercard: A Major Beneficiary Of The "New Normal"
Mastercard's recent operating update suggested a likely trough in business activity, with sharp improvements seen in the last few weeks. Cross border transactio
Rs 223 Crore Bank Fraud: HC Denies Bail To Accused Ex-Chairman
The Jammu and Kashmir High Court on Wednesday rejected plea of former chairman J&K State Cooperative Bank, seeking quashing of FIR against him filed by the Anti-Corruption Bureau in the whopping 230 crore fraud case
SpeakUp: Congress campaign to mount pressure on Modi govt to deposit Rs 10,000 in bank accounts of poor
SpeakUp Campaign: Congress is demanding from the Modi government to deposit Rs 10,000 in bank accounts of poor who are facing the brunt of the lockdown.
Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore
Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg
U.S. considering suspension of Hong Kong's special tariff rates: sources
WASHINGTON (Reuters) - The Trump administration is considering suspending Hong Kong’s preferential tariff rates for exports to the United States as part of its response to China’s plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.
Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output
The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
THE BIG READ: Food inflation looms as US meat industry tries to restart
Stuffed into a meat factory like a pack of sardines with little space to move.
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
Low rates, poor demand hit jasmine growers
Though the sale of Udupi Mallige or Udupi jasmine started about a month ago, growers say that they are getting low rates, while flower sellers say that the demand is poor on account of lockdown restri
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
WarnerMedia Strikes Eleventh Hour HBO Max Distribution Deal With Comcast
By mid-morning on HBO Max's launch day, Xfinity customers were able to sign up for the service.
MCA apex council to meet on June 1, Lalchand Rajput tipped for CIC
The Apex Council of the Mumbai Cricket Association (MCA) will meet on June 1. The main item of the agenda is to appoint an adhoc Cricket Advisory Committee (CIC) and Mirror understands that Lalchand Rajput is the favourite to take over.
U.S. won't certify Hong Kong's autonomy from China, jeopardizing trade status
May 27 (UPI) -- Secretary of State Mike Pompeo said Wednesday he has officially notified Congress that Hong Kong is in effect no longer autonomous from mainland China.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
Realty Income: A Best In Class REIT
Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w
Discom reduces T&D losses to 6.64%, says CMD
‘Steps have been taken to solve problems of consumers’
African Development Bank chief hits back over graft accusations
The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts by some to tarnish my reputation" and declared "I will... continue to
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service
Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.
Survey underlines job loss, drop in earnings during lockdown
It reveals that 73% of around 870 respondents in State have lost their jobs
Why only one flight to TN so far, ask desperate Tamils stranded in the UK
More than 300 Tamils stranded in the UK are trying to get back. They have written numerous petitions and even protested outside the Indian High Commission in London but there has been no response.
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript
Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor
WHO creates new foundation in a bid for more funds
It comes after the US threatened to pull funding from the global health body.
Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups
SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
Hospitality sector in the Nilgiris may see 70% slide in revenue
Lockdown coincided with peak season for tourism
It’s official! NSAC approves UFC return to Las Vegas on May 30
UFC on ESPN 9 and UFC 250 have been cleared by NSAC, paving the way for the May 30 and June 6 fight cards (sans crowd) in "Sin City."
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
The Trip Aboard Carnival Cruises Stock Will Be Stormy
There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...
DGP sanctions Rs 69 lakh welfare loan, relief for 69 police personnel
Director General of Police (DGP) Dilbag Singh Tuesday sanctioned welfare loan of more than Rs 69 lakh of 69 police personnel. The assistance has been
10 Stocks to Buy as They Ride a Coronavirus Tailwind
These names are either heavily discounted or are actually riding high on the outbreak.
Govt drops plan of suspending banknotes’ varnishing
SBP gave proposal on fear of machinery breakdown during pandemic
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings
Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before
Ingraham: 'No good reason' to keep lockdowns in place except to hamstring economy ahead of election
Laura Ingraham opened Tuesday's "Ingraham Angle" by slamming Democrats, particularly proponents of coronavirus lockdowns, as Americans begin to benefit from the slow reopening of the country's economy.
ZTE Axon 11 SE 5G set to launch on June 1
ZTE had recently revealed that its upcoming 5G phone will be the first 5G smartphone to support all four major carriers in China. The company also confirmed the name of the device has Axon 11 SE 5G. In a reply to one of the comments on its Weibo handle, the company also revealed that it …
Interest on loans: SC issues notice to Centre, RBI
The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has
EUR/USD put bias weakest in over two months, risk reversals show
One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
MVA govt: Differences in perception but ‘no cracks’
Though the Uddhav Thackeray government is stable for now and BJP leader Devendra Fadnavis has gone overboard in his criticism of the MVA leadership, there is no denying the different perceptions.
Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office
The finance sector has rolled out measures for workers as they gradually return to the office.
Frankfurt rally late to draw with Freiburg and stem losing run
Football News: Lowly Eintracht Frankfurt ended a run of five successive Bundesliga defeats as they staged a late rally to came from behind and force a 3-3 home draw
Top executives of Exim Bank 'threatened', National Bank director, brother charged
A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death.
ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling
In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
Asian markets in retreat as China-US tensions return to fore
Markets are concerned about another flare-up in Hong Kong on a controversial security law
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Liquidation of companies still the most likely outcome under IBC
January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues
German ECB executive shrugs off court ruling against bond buying
Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.
Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript
Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C
Explained: Why Dominic Cummings, UK PM’s chief adviser, is under fire
Cummings was accused of violating lockdown rules in the UK when it was revealed that he drove approximately 419 kms, from London to County Durham, after his wife developed Covid-19 symptoms.
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Vulnerable people shielding from coronavirus see incomes slide, charity warns
Citizens Advice research revealed 41% of people in the shielded group said they have lost at least 20% of their income since the outbreak began.
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
Period poverty getting worse under lockdown, charity says
Plan International UK said the Covid-19 crisis has made it harder for girls and women to manage their periods safely.
Vulnerable people shielding from coronavirus see incomes slide, charity warns
Citizens Advice research revealed 41% of people in the shielded group said they have lost at least 20% of their income since the outbreak began.
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
The Irish Times view on the economic outlook: Counting on a swift recovery
New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead
As buses start plying, migrants try to leave again, stopped again
Buses headed towards Old Delhi Railway station also registered a sizeable ridership, even around 3.30 pm when the heat had peaked. While passengers boarding these buses were not thermally screened, not more than two were being placed in each row. However, marshals could not be spotted at bus stops.
UK PM Johnson to go to Brussels next month for Brexit talks: The Times
(Reuters) - British Prime Minister Boris Johnson will resume Brexit talks in Brussels next month, the Times newspaper reported on Thursday.
U.S. weighs options 'across the spectrum' to punish China over Hong Kong
WASHINGTON — The Trump administration is crafting a range of options to punish China over its tightening grip on Hong Kong, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to U.
Tourism Kamloops launches survey to gauge reopening comfort levels
As COVID-19 pandemic restrictions are lifted and Kamloops prepares for businesses to begin using sidewalks and parking lots, residents are being asked what
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
OnePlus hits supply chain snags, starts to ration to keep up with demand
OnePlus is apparently having a pretty hard time keeping the OnePlus 8 Pro in stock in certain parts of the world. This isn't quite the same ordeal as what
Manohar to step down as ICC chairman
The ICC is set to discuss the process to elect its new chief at its board meeting today.
'Move on' says British PM, as row over adviser Cummings persists
LONDON, May 28 — Prime Minister Boris Johnson urged Britain yesterday to move on from what he described as a “very, very frustrating episode” when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown. Dominic Cummings has refused to quit after...
WHO chief announces creation of foundation to tap new funding sources
GENEVA: World Health Organization Director General Tedros Adhanom Ghebreyesus announced on Wednesday (May 27) the creation of a foundation that ...
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B
UK tells EU: Break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
Greece “will invest, not spend, its share” of the EU €750 billion recovery plan
Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government
Coronavirus Stock Market Bargains: Xerox Stock
Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo
Period poverty getting worse under lockdown, charity says
Plan International UK said the Covid-19 crisis has made it harder for girls and women to manage their periods safely.
MVA works to cushion itself in both houses
Given the fact that many non-NDA state governments have been ambushed by BJPs central leadership, the Maharashtra ruling front has been taking precaution to try and checkmate such moves. Sources say it has also been taking care to sort out divergent views through consultations.
UK PM Johnson to go to Brussels next month for Brexit talks: The Times
Britain's negotiator with the European Union, David Frost, said Johnson will meet the presidents of the European Commission and Council to formally assess the state of the talks, according to the newspaper. Talks on a new pact to cover everything from trade to fisheries to security from 2021 had
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
MediaTek eyes lion’s share of Qualcomm-dominated SoC market
There’s a lot happening in the phone processor microchip arena as only a handful of companies have the technical prowess to manufacture these SoCs. Qualcomm, MediaTek, Samsung, and Huawei are the c…
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
UK's most vulnerable people at risk of losing 60% of their income
Citizens Advice warns of lack of safety net for many of the 2.5 million ordered to shield at home
Boeing cutting more than 12,000 US jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
3-year-old boy falls into borewell in Telangana; rescue operations on
A three-year-old boy slipped into a borewell of over 120 feet in Medak district of Telangana on Wednesday evening. The incident occurred in an agricultural field in Podchanpalli village, where Sai
AP source: MLBPA likely to ask for more games, demand full prorated salaries
Players will take at least a few days and maybe until next week to respond to MLB’s proposed sliding scale of salary slashing for a pandemic-delayed season.
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
NZ April fall largest since the filled jobs series began more than 20 years ago
New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV
Vulnerable people shielding from coronavirus see incomes slide, charity warns
Citizens Advice research revealed 41% of people in the shielded group said they have lost at least 20% of their income since the outbreak began.
USD/JPY stays firm above 107.50 amid risk reset
USD/JPY extends the previous day’s gains while being mildly positive around 107.75 amid Thursday’s Asian session. The yen pair recently benefited from
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150
NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A
Period poverty getting worse under lockdown, charity says
Plan International UK said the Covid-19 crisis has made it harder for girls and women to manage their periods safely.
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Officially: Formula 1 accepts new, additional regulations for coming years
The World Motor Sport Council has approved further amendments to the sports, technical and financial regulations of the FIA Formula One World Championship. The need to reduce costs and protect the sport from the impact of the coronavirus has been the reason for this.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Tractor Supply News: Why TSCO Stock Is Surging 8% Today
Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.
What is the difference between subsidized and unsubsidized student loans?
One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.
Former Georgetown G Mac McClung Announces Transfer Destination
Former Georgetown guard Mac McClung announced his transfer destination on Wednesday. Here's where he's headed.
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
General Electric is selling off its home lighting business after nearly 130 years
After cycling through multiple CEOs, each with their own priorities, the company now has its hands in several different industries, ranging from aviation to healthcare to venture capital and finance.
Newcastle takeover headlines as World Trade Organisation respond to Saudi piracy claims
All of the latest Newcastle United takeover headlines with updates on the World Trade Organisation, Steve Bruce, and more
Netflix Stock Is a Win No Matter Where the Pandemic Goes
NFLX stock is more than just a pandemic play. The firm will likely continue to perform in the quarters ahead despite the economic downturn.
Pubs and restaurants could reopen NEXT MONTH as Boris Johnson says roadmap is moving 'faster than previously thought' and orders review of the six-foot rule
Boris Johnson tonight told MPs he hopes to allow watering holes and restaurants to re-open earlier than July 4 - the date which has been set down in the government's roadmap out of lockdown.
After 41 yrs, Centre set to redefine ‘migrant workers’
India News: Learning from the ongoing migrant crisis, the government is set to redefine 'migrant workers' after 41 years and plans to register them to enable acce
Canadian court arrives at decision for Huawei's CFO, Meng Wanzhou
In December 2018, Meng Wanzhou, Huawei's CFO, was arrested in Canada at the request of the United States. Today, a court in Canada has finally made its decision about what should happen.
F1 to have sliding development scale, $145m budget cap from 2021
Formula One's post-coronavirus future took shape on Thursday after racing's governing body, the FIA, ratified several unprecedented measures in the technical and financial regulations.
Why US energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...
South Africans stuck in China ask Human Rights Commission to help them get home
Desperate South Africans stranded in China by coronavirus travel restrictions and ‘forgotten’ by the South African government have resorted to lodging complaints with the SA Human Rights Commission this week to try to find a way home.
Fed says pandemic inflicted most ‘severe’ damage on travel sector
Beige Book report on economic conditions shows activity fell sharply in most parts of US
EU Proposes €750bn Coronavirus Bailout as Popularity of Bloc Weakens
The European Commission has proposed a massive €750bn coronavirus bailout package as many across Europe have begun to question the EU itself.
Bitstamp Unveils British Pound Trading vs Fiat and Cryptocurrencies
Bitstamp, one of the largest crypto platforms in Europe, has announced its plans of supporting a new set of digital assets after adding the pound sterling trading .
Leader: Economic Reforms a Top Priority of New Majlis
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said improving the core elements of the national economy, including employment, production, value of national currency and inflation,
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus
Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.
Why NIO Stock Is Rising Today
An analyst upgrade ahead of earnings is giving shares a boost.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
French Foreign Minister Jean-Yves Le Drian Says Resumed Brexit Talks are 'Going Badly'
Chief Negotiator Michel Barnier wrote to opposition leaders on Wednesday reminding them that the EU was open to an extension of up to two years to get a deal signed – a...
Cheered by Private Schools, DeVos Demands Public Education Shares Pandemic Aid
WASHINGTON -- Education Secretary Betsy DeVos, defiant amid criticism that she is using the coronavirus pandemic to pursue a long-sought agenda, said she will force public school districts to share a large portion of federal rescue funding with private school students, regardless of income.DeVos announced
'Biden Center' at UPenn Under Fire over Financial Ties to China
The Biden Center at the University of Pennsylvania is under fire this week over its alleged failure to disclose millions of dollars in gifts from China. The center has allegedly failed to disclose $70 million in gifts from China since 2017.
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
China ready for looming financial war initiated by US
China should prepare for a potential financial showdown with the US, as the Trump administration appears to be waging a financial war on China, with crackdowns on US-listed Chinese companies and threats of sanctions over national security legislation for the Hong Kong Special Administrative Region (HKSAR), financial sector experts said on Thursday.
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore
Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg
Why Patience Is Key When It Comes to DraftKings Stock
The sports betting market offers a huge growth runway and DraftKings stock is a play on it, but the share price has gotten too high.
Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript
Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
EUR/CHF Price Analysis: Euro limited below trendline resistance at 1.0700
EUR/CHF fails at 1.0700 and returns to 1.0650 area. The euro has been capped by downward trendline resistance from April 2019 highs. Euro rally from
Canadian court greenlights extradition proceedings against Huawei CEO’s daughter
A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United States.
Jakarta likely to be ready for 'new normal' phase after Jun 4, says coordinating minister for economy
JAKARTA: Jakarta will likely be able to enter a ”new normal” phase after Jun 4, the last day of COVID-19 curbs known in Indonesia as large-scale ...
DA denies money woes as it plans to cut jobs
The DA is pushing ahead with its plans to retrench staff, but has denied it is facing financial trouble.
Trade from North to Great Britain will be ‘99.9%’ unfettered, says Gove
No pushback from EU on British government interpretation of protocol, minister tells MPs
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
McGuinness says Ireland will “fight for its fair share” of EU recovery fund
Ireland’s Vice President of the European Parliament has insisted the country will “fight for ...
Bangladesh to reopen public transport services on limited scale from May 31
Bangladesh is lifting the ban on public transport services from May 31, the day offices will reopen on a limited scale.
AT&T Stock Jumps 3% on HBO Max Launch
AT&T (T) stock is getting a boost Wednesday following the launch of HBO Max, which is the company's new premium streaming service.
Gold Price News and Forecast: XAU/USD returns to $1,712 and turns positive on the day
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1,712 ar
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement ...
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
Watch: CNBC Segment Explodes as Anchors Spar on Air Over Death Toll, 'Your Friend' Trump
Wednesday on CNBC's "Squawk Box," hosts Joe Kernen and Andrew Ross Sorkin battled over the stock market volatility amid the coronavirus pandemic. | Clips
Biotech Stocks Have Been on Fire, But Timing Is Everything
Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Pound Sterling Price News and Forecast: GBP/USD reversal from 1.2350 extends to session lows at 1.2205
Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday's 1.2% rally, weakening near-term structure and shifting focus lower.
IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com
The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the 3pm closing time, at least …
Victoria’s Secret Files Suit to Get Out of Manhattan Lease
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
UFC files four trademarks for ‘UFSEA,’ including events and merchandising
The UFC is adding "UFSEA" to its list of trademarks.
Ogun PDP Crisi: Bayo Dayo sold out for pecuniary gains, Kashamu says
A chieftain of People's Democratic Party, PDP and former Senator for Ogun East Senatorial district in the eight assemblies, Senator Buruji...
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
FFC urges govt to reconsider its fiscal consolidation stance
Finance Minister Tito Mboweni had so far held the line on fiscal consolidation – a policy aimed at reducing the budget deficit and government’s soaring debt-service costs.
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
Why good credit matters — even if you don’t plan to borrow
Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.
Holiday deals hoping to encourage domestic tourism
Cut-price campervan deals are encouraging Kiwis to holiday at home - but hotels, motels and restaurants are not seeing much movement ahead of the...
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
Bank: Lithuanian billion-rescue-plan may be slowed down by red tape
As the Lithuanian government plans to invest 6.3 billion euros in the economy and human resources in 18 months, Swedbank has pointed to excessive red tape as weakness that could slow down the investments, LRT reports.
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
Private jet demand rises as wealthy Russians spend lockdown in West
Passengers are heading for countries such as Britain and Cyprus where they own property, have residency rights, sometimes thanks to holding dual nationality, or have close relatives, according to industry sources.
Horoscope Today: Astrological prediction for May 27, what’s in store for Taurus, Leo, Virgo, Scorpio and other zodiac signs
Horoscope Today: Are the stars lined up in your favour? Find out the astrological prediction for Taurus, Leo, Virgo, Scorpio and other zodiac signs for May 27.
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery
Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees.
Supply side inflation easing
Via the excellent Damien Boey at Credit Suisse:
USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H
USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see
S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags
Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com
Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump
Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
Mumbai spirited with Liquor supply back to door steps
Thought the liquor home delivery started in Mumbai and the huge orders are placed from city, but in spite of ban liquor availability of any brand
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus
The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
National News: Motorsport UK plans for motorsport to begin again on 4 July
Motorsport UK intends for national motorsport to resume in Britain from 4 July and, from the start of next month, will allow organisers to begin applying for event permits again
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
The government has no right to determine what goods, services or venues are essential
Some of us are willing to take chances and even do
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
Pompeo says Hong Kong no longer warrants special pre-1997 treatment
Pompeo says Hong Kong no longer warrants special pre-1997 treatment
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
Need for growing NDB into global development institution: FM Nirmala Sitharaman
She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
Govt fails on buy local directive
NGHINOMENWA ERASTUS and LAZARUS AMUKESHETHE Agro-Marketing Trade Agency has challenged the government and its agencies to lead by example in implementing its directive to procure locally
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
BJP not in a hurry, govt will fall on its own: Fadnavis
Former Chief Minister Devendra Fadnavis claimed that the theory of BJP trying to dislodge the government was a ploy to divert people's attention from serious issues. “The purpose is to mislead and hide their own shortcomings,” he said.
14.75 Lakh Migrants Register As UP Plans To Employ Them In Industrial Units
With 25 lakh people returning to Uttar Pradesh during the coronavirus lockdown, Chief Minister Yogi Adityanath on Tuesday directed officials to complete the skill-mapping of migrant labourers in 15 days and get a survey conducted to employ them in MSMEs and industrial units, officials said.
South Korean institutions lure global talent
The country is making headway in the effort to internationalize its scientific workforce.
Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore
Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.
Turnpike, parkway toll hikes, $24B construction plan get OK
The New Jersey Turnpike Authority voted Wednesday to increase tolls on two of the state’s major highways and approve a $24 billion construction plan that the hike will fund.
You can now apply for government’s relief fund for May – but don’t make these mistakes
The Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries – marking a historic first in terms of a lump sum paid out by the fund within five weeks.
Solskjaer counting on Pogba, Rashford for restart
Manchester United manager Ole Gunnar Solskjaer said on Tuesday he is confident of having Paul Pogba and Marcus Rashford fit should the Premier League season restart next month.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Old Tafo Assembly supports 16 more PWDs to start their businesses
The Old Tafo Municipal Assembly has presented various items to 16 selected Persons with Disability (PWDs) in the municipality to economically empower them.
After meeting Uddhav, Pawar says no threat to govt in Maharashtra
Pawar's meeting with the chief minister, held at Thackeray’s residence Matoshree, came as the main opposition BJP has stepped up its criticism of the Thackeray government's alleged mishandling of the Covid-19 crisis in Maharashtra.
Hindutva Supremacist Modi govt becoming a threat to India's neighbours: PM Imran
PM Imran slams Modi government's 'arrogant expansionist policies' akin to Nazi's Lebensraum
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
World economic prospects darken, rebound delayed – Poll
BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
CM’s Rs 72.66 cr relief for those in distress
Chief Minister Shivraj Singh Chouhan on Tuesday provided compensation of Rs 72.66 crore to 3300 beneficiaries under the Mukhya Mantri Jan Kalyan Sambal Yojana through one click in the presence of Cabinet members. On this occasion, Chief Minister Chouhan said that this compensation amount is being
It's not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts
The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
7 Ways Credit Cards Can Help Grow Your Business
A business credit card isn’t just something you need to help separate your personal and company expenditures. When used properly, credit cards are tools that can help you build your business and, more importantly, improve your bottom line.
Air New Zealand opens domestic and regional lounges with limited services
The lounges will be operating “slightly differently to what people are used to”, said the carrier
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
Tech selloff weighs on S&P 500, Nasdaq
Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Most migrant workers in state back on jobs: CM
SHILLONG: Chief Minister Conrad Sangma on Tuesday claimed that a majority of migrant workers stranded in the state due to the COVID-19 lockdown have now been engaged in construction activities as permitted by the government.Speaking to media pe
The 1975 Looking to Extend Chart Streak In U.K.
The 1975 are edging closer to a fourth consecutive chart crown in the U.K.
Russians fix vibration, N-power unit restarts at Kudankulam
The second 1,000 MW atomic power plant of Nuclear Power Corporation of India Ltd (NPCIL) at Kudankulam that was shutdown
Coronavirus impact: Punjab seeks Rs 51,102 crore fiscal stimulus from Centre
A draft memorandum to this effect was approved on Wednesday by the Council of Ministers at a meeting chaired by Chief Minister Amarinder Singh, an official statement said.
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
The 22nd Biennale of Sydney Is Reopening With Extended Dates
The 10-week festival ran for just 10 days in March before closing due to Covid-19. But with the easing of lockdown restrictions, it’ll now run until October.
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Meghalaya govt not to defer salary for May
SHILLONG: Meghalaya Government has decided not to impose any salary deferment for the month of May.Informing this on Wednesday, Chief minister, Conrad Sangma said that the government had earlier deferred the salaries due to very less devolution of ta
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
Beware of opportunist China!
Beware of opportunist China!. 'It is time we Indians stop our internal bickering and present a united front to Chinese machinations,' advises Colonel Anil A Athale (retd).
Walvis councillor orders businesses' closure
WALVIS Bay urban constituency councillor Knowledge Ipinge has ordered a transport company and a bank to close their premises at the town due to fears of the spread of the coronavirus.
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
Stock markets mixed as China-US tensions return to fore
Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
'Far too long': NZ should be at level 1, says Winston
New Zealand has been in lockdown for "far too long" and needs to be at level 1 now with a transtasman bubble already operating, says Deputy Prime...
Vadodara civic body announces 10% property tax rebate to tide over crisis
Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.
Patanjali to raise Rs 250 cr through debentures
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.
A flurry of activity leads to doubts about govt’s stability
Pawar’s meetings with governor Koshyari and CM Uddhav, followed by Rahul’s remark on Cong’s ‘limited’ role in MVA decision-making give rise to speculation
New warehousing facility to come up at Kothur near Hyderabad
Embassy Industrial Parks, a joint venture between the Embassy Group and Warburg Pincus that is into logistics and warehousing, is in advanced stages of acquiring land near Kothur to develop a warehousing facility, according to a top official.
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
Solskjaer counting on Pogba, Rashford for restart
MANCHESTER, UK (AFP) – Manchester United manager Ole Gunnar Solskjaer said on Tuesday he is confident of having Paul Pogba and Marcus Rashford fit should the Premier League season restart next month.
France expects economic slow-down by 20% in Q2
French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.
India’s tourism ministry extends validity period for hotels and travel agents
The validity period of approval or certification of hotels and other accommodation units has been extended until June 30, and six months’ relaxation for all travel agents…
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
Used cars: Leasing companies will have to ‘work harder’
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
Bank of Canada urges stores to continue to accept cash
Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.
European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage
Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.
First Fishrot case bail ruling due next week
FORMER Investec Asset Management Namibia client director Ricardo Gustavo, who is one of the six men charged in the Fishrot fishing quotas corruption case, is due to hear on 3 June if his application
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
Government awarding more 'juicy contracts' to NDC members than NPP - Kennedy Agyapong
Though the ruling New Patriotic Party (NPP), is in power and supposed to be running the affairs of the country, the National Democratic Congress (NDC) is rather in charge, the Member of Parliament for Assin Central, Kennedy Agyapong claims.
Bid to expand Canterbury coal mine meets stiff opposition
Hundreds of people are opposing a plan to expand a Canterbury coal mine. Bathurst Coal Ltd has applied to expand its opencast mine, known as...
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
India among major markets to see increase in ATM usage over 2019
Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
Mt. Everest to be remeasured
The ascent, reported by Chinese state media, comes after both China and Nepal canceled the spring climbing season on the mountain
Survey for jobs to all labourers starts
The survey has started in the State from today to ensure employment to all the labourers who have returned to Madhya Pradesh as per the wish of Chief Minister Shivraj Singh Chouhan. After surveying the labourers of Madhya Pradesh returning to other States, they will be linked to the Sambal Yojana
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
'Far too long': NZ should be at level 1, says Winston
New Zealand has been in lockdown for "far too long" and needs to be at level 1 now with a transtasman bubble already operating, says Deputy Prime...
Connect First Credit Union appoints former ATB exec as new COO
Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.
MLAs slam KHADC move to levy transit fee
SHILLONG: Four Congress MLAs - HM Shangpliang, PT Sawkmie, George Lyngdoh and Kimfa Marbaniang - have shot off a letter to the chief minister lamenting the decision of the Khasi Hills Autonomous District Council (KHADC) to levy a transit fee of Rs 45
NDC opts out as EC holds talks with political parties today
After dragging the Electoral Commission (EC) to the Supreme Court, the National Democratic Congress has opted out of an impending engagement with the electoral management body.
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
The double price reduction that Juventus hope to achieve
Juventus have various deals going on at the moment. According to the Italian press, Juve want to sign Napoli attacker Arkadiusz Milik, and Lyon CM Houssem Ouar. However, they are reportedly working to achieve a price reduction for both of them.
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
Intensify seizure of assets of corrupt officials – Anti-corruption campaigners urge courts
Two anti-corruption experts have said the recent order by an Accra High Court for the seizure of assets of persons convicted in the National Communications Authority (NCA) case is a good anti-corruption measure.
TUC fights Trade Fair Company over ‘illegal’ mass layoffs
Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.
How China’s tensions could be good for Hong Kong’s stock exchange
Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.
Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
WHO creates foundation to tap new funding sources
The WHO Foundation is being created as an independent grant-making entity that will support the organisation's efforts to address the most pressing global health challenges by raising new funding from
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
World economic prospects darken, rebound delayed: Poll
With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally
Hotels prepare to reopen facilities in Abu Dhabi
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has issued detailed guidelines for properties in the emirate…
Update | Huawei springs an unexpected MatePad Pro 5G launch on the Chinese market
The 5G version of Huawei's latest premium slate has been on the international market for some months now. However, it has not been available in this OEM's own home market. The company has rather abruptly announced that it will correct this situation tomorrow (March 27, 2020).
9 Interview Questions Successful Remote Workers Will Ace
This is what employers are looking for right now.
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
Air India allows rescheduling for bookings between March 23 and May 31
The national carrier has informed that there will be no extra rescheduling charges applied for this…
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Demand for housing sector will come back in medium term, says HDFC CEO Keki Mistry
Now, historically, whenever there has been any kind of stress in the market, NPLs tend to go up in short term, but once the stress get alleviated, NPLs come down to the normal levels.
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain
The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.
Boeing Slashes Over 12,000 Jobs, With More Cuts Coming
The cuts come as the commercial airline industry has seen a historic fall in demand.
This Is What You Should Expect When You Check Into These Major Hotels
As hotels begin to reopen around the world, new, stringent health and safety protocols are in place, particularly system wide at two major brands: Four Seasons and Mandarin Oriental.
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Nord Stream 2 Operator Says Sanction Threats Are Discrimination Against European Companies
MOSCOW (Sputnik) - Threats to impose sanctions against the Nord Stream 2 gas pipeline project are discrimination against European companies, the project operator, Nord...
Unibank completes processing stage of TranzAxis migration
Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
India facing its worst recession in current fiscal: Crisil
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday
A guide to the Nature Index
A description of the terminology and methodology used in this supplement, and a guide to the functionality available free online at natureindex.com.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices
The commission only held the Sugar Advisory Board responsible for taking any action
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Morgan Stanley Tip Westfield Malls Best Set To Recover
Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.
CM KCR calls for austerity measures
Pointing out that the income from transport, registration and other departments was not something to write about, CM KCR said the State will have to make do with whatever meagre income it was generating
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Retail stores allowed to reopen in city of Los Angeles, Garcetti says
Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.
Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession
“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
Aviation services on path to normalcy
Mumbai operates 44 flights out of the allocated 50, catering to 4,224 passengers
S&P 500 rises on boost from bank shares
S&P 500 rises on boost from bank shares
Qualcomm XR Viewer Program Gains Momentum With Operators
Analyst Anshel Sag discusses the latest news around Qualcomm's XR Viewer program and its inroads with operators.
China's survey team summits Mt Everest to remeasure its height
After summiting, team members began erecting a survey marker on the snow-covered peak, which measures less than 20 square meters, the report said.
What India must do to increase its competitiveness
Time-bound reforms would have a significant impact on competitiveness
African Development Bank President, Adesina, Maintains Innocence Despite Calls For Probe
The United States Department of Treasury had called for an independent of the allegations against Adesina despite the AfDB clearing him of all wrongdoing.
Sindh allocates Rs2.7 billion to set up new hospitals as coronavirus response effort
Sindh government has allocated the amount to also expand ICU and HDU facilities
$20 trillion recession to come? Impact of Coronavirus on the world economy
Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Coons: CCP's Actions Against Hong Kong 'Demand a Response' - Sanctions 'Appropriate'
On Wednesday's "Hugh Hewitt Show," Sen. Chris Coons (D-DE) stated that the Chinese Communist Party's actions against Hong Kong will "demand a response | Clips
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Lufthansa supervisory board unable to approve bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
What you need to know about paying your Local Property Tax
The year 2020 is bringing a lot of changes for the Local Property Tax. Here's everything you need to know in simple terms.
Ekiti Assembly passes Tourism, Hospitality Licensing and Regulation Bill
The unanimous resolution was taken at Wednesday’s plenary presided over by the Speaker, Funminiyi Afuye, in Ado Ekiti.
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
Manohar to step down as ICC chairman after current term
International Cricket Council (ICC) chairman Shashank Manohar is to step down when his term ends this year, the governing body said on Wednesday.
Man breaks into bank to heat up Hot Pockets: ‘Hell yeah it was worth it’
A California man was busted for breaking into a bank so he could use its microwave to heat up Hot Pockets on Wednesday — and he doesn’t regret a thing. “Hell yeah it was worth
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
2,700 PATH families to get financial assistance
Approximately 2,700 families on the government’s Programme of Advancement Through Health and Education (PATH) are to receive financial assistance as a part of the United Nations (UN) Secretary General’s COVID-19 Multi Partners' Trust Fund (MPTF).
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
Boeing job cuts start to hit nearly 13,000 workers
A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.
Nissan to Begin Phased Restart of Coronavirus-Halted US Production 1 June - Statement
WASHINGTON (Sputnik) - Japanese automaker Nissan announced in a statement that it plans to reopen two auto assembly and parts factories in the United States beginning 1...
Coronavirus Impact: 72% consumers want to buy from locally sourced items going forward: Deloitte Consumer Tracker Report
Consumers are carefully evaluating needs versus wants of products and services making a shift towards less discretionary purchases
Kano workers issue two weeks ultimatum to Government over slashing of salaries
Kabiru Ado, the state’s Chairman of the Nigeria Labour Congress, stated this at a joint news conference on Wednesday in Kano.
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore
Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg
Lufthansa board rejects EU conditions on US$10 bln bailout
German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion
Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.
Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis
Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.
Need for growing NDB into global development institution: FM Nirmala Sitharaman
In her remarks at the meeting, Sitharaman appreciated Kamath for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS (Brazil, Russia, India, China and South Africa) leaders in 2014.
Nationalisation of Reserve Bank: What SA can learn from New Zealand
New Zealand’s handling of policymaking regarding its central bank holds lessons for SA when it comes to plans to nationalise Reserve Bank, writes Hlengani Mathebula.
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
SPDR Portfolio S&P 500 Growth ETF's Exposure To Technology Stocks Is Advantageous
SPYG invests in large-cap growth stocks in the S&P 500 Index. The fund’s relatively lower exposure to cyclical sectors is advantageous as the impact of COVID-19
Charter's Q1 2020: Gushing Cash After Integrating TWC
With 2 large acquisitions almost integrated, capex is falling and FCF is up. The internet segment is the key driver, but a slowdown in fleeing TV and voice cust
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again
A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
Teekay LNG: Attractive Long-Term Cash Flow Visibility Will Move The Needle
Teekay LNG Partners reported solid results with record-high Q1 2020 adjusted net income (7th consecutive quarterly increase). Importantly, the TGP IDRs were eli
Exxon Mobil Corporation (XOM) CEO Darren Woods Hosts 2020 Annual Meeting of Shareholders (Transcript)
Exxon Mobil Corporation (NYSE:XOM) 2020 Annual Meeting of Shareholders May 27, 2020 10:30 AM ET Company Participants Stephen Littleton - Vice President of Inves
Lufthansa refuses to accept EU conditions on $10-billion bailout
Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
Wall Street Close: Bulls holding the reigns still and defying gravity
US benchmarks impressed yet again on the bid as a classic case of fear of missing out could well be drawing the less committed, or late decision-makin
Boeing Cuts Jobs for 12,000 Workers in the US
Boeing has been reeling from a drop in demand for aircraft, as travel plunges amid the pandemic and worsens the pressure on the company, which was already in crisis...
U.S. Stocks Climb to 12-Week High; Treasuries Drop: Markets Wrap
All you need to know about global markets today.
Police, army yields to Wike’s directive, remove barricade from Ikoku market
The Police and the Nigerian army have yielded to the directive of the Rivers State Governor, Nyesom Wike, on the opening of Ikoku spare parts market after about two months of shutdown.
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Oil halts rally near $34 on signs of Russia easing supply cuts
Moscow wants to scale back output curbs in line with the OPEC+ deal
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
Johor mall reopens less than 24hrs after shutdown order
Aeon Mall Tebrau City was ordered to close for a week due to safe distancing, lack of sanitizers.
Traffic free zone for Clifton Village sparks concern from businesses
Business leaders fear temporary plans to pedestrians parts of Clifton Village could become permanent - and damage trade
Japan quells rumors it will pay for half of visitors' expenses
In tweets, the Japan Tourism Agency said the program under consideration would only cover “a portion of domestic travel expenses.”
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
World watches as South Korea cautiously returns to life | Honolulu Star-Advertiser
SEOUL, South Korea >> The baseball league is on. Students have begun returning to school. And people are increasingly dining out and enjoying nighttime strolls in public parks.
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
Countryside Stewardship countdown
The application window for the 2021 Countryside Stewardship Scheme is open, giving farmers and land managers the chance to apply for grants to improve both the environment and their farming incomes.
Global operators push 5G Extended Reality
A group of fifteen global operators backed a push from Qualcomm to bring 5G-enabled VR ...
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
EU’s Borrell: To weigh 'robust' message to China over Hong Kong issue
The European Union (EU) Foreign Affairs Minister Josep Borrell said that the Union is considering weighing 'robust' message to China over the Hong Kon
'Buzz in the air' as Shropshire shops prepare to reopen
Plans to reopen retail next month could save the high street and stop scores of shops being closed for good, according to a Shropshire business owner.
Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead
Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are
Frankfurt rally late to draw with Freiburg and stem losing run
Lowly Eintracht Frankfurt ended a run of five successive Bundesliga defeats as they staged a late rally to come from behind and force a 3-3 home ...
Ireland could see 'repeated lockdowns and wide financial distress' during three-year recession
The virus may see our national debt soar by 60%
Private-public sector partnership helps the poor
THE DELIVERY of care packages to several St Catherine communities on Saturday was the culmination of a well coordinated and supported private-public sector partnership aimed at providing relief to some vulnerable persons living below the poverty...
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on
Leaders at UBA Africa Day seek economic recovery
Global leaders have emphasised the need for strong collaborations between governments and the private sector to achieve quick recovery for African....
Construction at lowest level since 2010
While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.
Ex-Citi banker's alleged ties at issue in insider trading appeal
When prosecutors knew about possible links between a former Citigroup banker and a wealthy businessman will be one of the issues reviewed.
Cinema chain sets reopening date, two-thirds of seats to be vacant
Palace plans to start screening new release movies on July 2 with COVID-19 safety measures.
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Munster braced for worst of financial crisis due to Thomond Park debt
Province can’t pay off oustanding €6.9m loan from IRFU with no supporters at the match
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
Asian shares slip as new Hong Kong tensions rise
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
Johnny Ronan plans boutique hotel after paying €3.8m for Dublin docklands houses
Terrace at 34-38 Upper Mayor Street located beside Ronan Group's Project Waterfront site
A's, Dodgers cut employees' salaries amid pandemic
The Los Angeles Dodgers and Oakland A’s announced cost-cutting moves Tuesday in response to baseball’s ongoing shutdown amid the coronavirus pandemic.
Rs 15,000 crore worth MoUs to be signed in TN today
Even before the lockdown could fully be lifted, Tamilnadu is today set to sign MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Uncovering the atrocious plot to tarnish mr Adesina’s legacy at Africa’s apex bank
The African Development Bank is currently gearing up for another leadership election.The current President, Adesina, is already dealing
Cinema chain sets reopening date, two-thirds of seats to be vacant
Palace plans to start screening new release movies on July 2 with COVID-19 safety measures.
Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension
Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti
Regional pubs snapped up as industry prepares to reopen
The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez
The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
Six Barrel Soda Expands Overseas Presence, Opens First Auckland Store
Six Barrel Soda Co. is growing its presence in Hong Kong and the United States, hot on the heels of expanding its export markets to include Canada just before the Covid-19 Lockdown.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday
Shares of cruise industry stocks jumped out of the gate Wednesday -- then dropped anchor.
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output
MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
Michel Barnier says EU remains ‘open’ to transition period extension
Talks between London and Brussels stall with sides far apart on fisheries and regulatory alignment
NMA lays foundation for secretariat, as contractor assures on quick completion
Nigerian Medical Association, NMA, has performed the foundation laying ceremony for its national secretariat in Maitama, Abuja
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
Why You Should Plan to Retire Early Even If You Don't Want to
There's one really important reason.
Samsung copies the Apple Card, announces “Samsung Money”
Samsung announces a physical debit card and SoFi money management account.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
BT Buzz: What added Rs 86,000 crore to DRL, Sun Pharma market cap in 2 months?
Approval to explore new COVID-19 therapies, licensing and supply deals to manufacture drugs to treat the virus and fast approvals for plants under regulatory scanner have turned the fortunes of most of these companies
‘Overall Stable and Controllable’: China On LAC Situation
China on Wednesday said that the situation at the border with India is
Chewy: Reaping The Benefit Of Stay-At-Home Measures
Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more
NLC protests slash in workers’ salaries, gives Ganduje 14 days to make U-turn
Organised labour in Kano has issued a 14-day ultimatum to the state government to pay back the deduction it made to workers' salaries or they go on strike.
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
Lake of the Ozarks business owner defends actions after pool parties
The owner of a business that hosted crowded pool parties over the Memorial Day weekend at Missouri's Lake of the Ozarks says no laws were broken and safety measures were in place to protect against the spread of the coronavirus.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
These 4 Chinese Stocks Are Too Risky to Own
Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.
Pompeo: China has taken Hong Kong’s autonomy away
‘No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground,’ said the US secretary of state.
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
Boeing starts job cuts with 6,770 layoffs in U.S. this week
Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
Moscow in 2014 banned wholesale imports from the European Union of most types of fresh foods in response to EU sanctions over Russia's actions in Ukraine including the annexation of Crimea
Russia on Wednesday seized 40 tonnes of European cheeses smuggled into the country in breach of an embargo on EU food imports, the customs service said. The shipment included Dorblu blue cheese and Italian hard cheeses such as Grana Padano, the customs service said. This was in response to EU sanctions
H&M set to cancel furloughs for 2,500 at Stockholm headquarters
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be ...
Docker hopes to resurrect its fortunes with new developer focus
Docker kicks off its annual developers conference this week as the company tries to demonstrate that its turnaround strategy is gaining momentum.
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
10 Stocks Worth Your Time on Robinhood’s Top 100 List
Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.
McDonald’s announces all Irish drive-throughs to reopen on June 4th
High levels of anticipated demand will see each location revealed on morning of opening
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
Ex-LA council top aide to plead guilty in $1M bribery scheme
LOS ANGELES (AP) — A former top aide to Los Angeles City Council member Jose Huizar will plead guilty to a federal racketeering charge in a $1 million bribery scheme...
Nasdaq Today: What's Sending Chip Stocks AMD and NVIDIA Lower Wednesday?
Stocks were largely mixed, but it was a poor day for the Nasdaq in particular.
WHO creates foundation to tap new funding sources
The WHO Foundation is being created as an independent grant-making entity that will support the organization's efforts to address the most pressing global health challenges
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem
The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore
Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
Judge rules property fund to pay costs of dispute over warehouse access
Case concerned access to property on Long Mile Road
Global stocks mixed on unease over Hong Kong security law
Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Swiss companies must help pay rent for employees working from home: court
The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
Stock indexes rise on optimism of recovery, shrink back
US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained
OnePlus is facing a massive global supply crisis, starts rationing 8 Pro sales
OnePlus can't churn out its flagship 8 Pro as quickly as people are demanding them, which is proving to be a bit of a problem. We've already learned that
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
Delhi HC sets aside orders by MoC where it invoked bank guarantees of TSIL
The court has ordered that MoC shall provide TSIL the comments received from the concerned State Government(s) on the aspect whether the delay in achieving the milestones is attributable to TSIL
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank
The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
AUD/JPY: Bears getting set for potential major sell-off
AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t
NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data
NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the
NHL restart plan makes dollars and sense
There remain as many questions as answers as the NHL unveiled its return-to-play plan Tuesday, but give the league credit: Amid the COVID-19 pandemic, a road map is in place.
Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region
Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.
Surge of financial aid has HALO service ‘optimistic’ about short-term future
Air ambulance organizations in Alberta depend on donations, but charities are suffering after the novel coronavirus pandemic iced the global economy
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
NZ facing worst downturn in 160 years: central bank
If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.
UK junior minister resigns over Dominic Cummings row
Johnson's embattled Chief Strategy Adviser faced a volley of hostile questions from the media on Monday evening when Downing Street took the unusual step for a staffer to address his own press conference amid growing anger from all sides of the political spectrum, including Johnson's own Conservative Party
Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities
SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...
The Sector Back From the Grave
While the S&P has been soaring, there's one sector (other than tech) that's crushing it ... and you probably haven't been paying it any attention.
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
‘No mask, no ride’ policy in South Korea
The government, in a new directive, ordered buses and taxi drivers to limit or refuse to offer rides to passengers who do not wear masks as part of the tightened quarantine measures against the pandemic outbreak
North Dublin lands with residential potential on sale for €450,000
Swords Road holding of 5.4 acre sits close to housing just off M1
Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more
Here are the top 10 business headlines on Wednesday morning
Property professionals must see technology as an opportunity, not a threat
Over the past 10 weeks, digital platforms have played a key role in sector
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
From Wall Street to Bethlehem, iconic sites reopen from virus
The illness has killed more than 346,000 people worldwide and forced most countries to mothball their tourism industries, a crucial source of revenue
GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business
schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Walmart Goes Full-Throttle on Resale With ThredUp
As part of an ongoing mission for fashion dominance, Walmart enters resale.
New Zealand expects plan for safe travel with Australia in June
WELLINGTON (Reuters) - New Zealand Prime Minister Jacinda Ardern said on Wednesday a draft blueprint on safely starting travel between New Zealand and Australia will be presented to both governments in early June.
IAF To Operationalise No.18 'Flying Bullets' Squadron At Coimbatore With 4-Gen LCA Tejas Aircraft
A PIB (Defence Wing) release stated that the IAF Chief, Air Chief Marshal RKS Bhadauria, will operationalise the squadron 'Flying Bullets' at the Sulur Air Force Station near Coimbatore later in the day.
New Zealand expects plan for safe travel with Australia in June
New Zealand Prime Minister Jacinda Ardern said on Wednesday a draft blueprint on safely starting travel between New Zealand and Australia will be presented to both governments in early June. The neighbors have been discussing the possibility of a travel bubble between them as both have slowed the spread of…
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis
Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Morrison is chasing votes at the expense of exports
We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
Business will be the loser in the US-China fight
Both nations are indispensable, so companies face a two-track world
New Zealand expects plan for safe travel with Australia in June
New Zealand Prime Minister Jacinda Ardern said on Wednesday a draft blueprint on safely starting travel between New Zealand and Australia will be presented to both governments in early June. The neighbours have been discussing the possibility of a travel bubble between them as both have slowed the spread
VICTOR JOECKS: Churches, DOJ push back on Sisolak’s discriminatory ban on worship services
Gov. Steve Sisolak’s lockdown orders have been unconstitutionally discriminatory against places of worship.
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
From Wall Street to Bethlehem, iconic sites reopen from virus
NEW YORK: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors … From Wall Street to Bethlehem, iconic sites reopen from virus Read More »
EUR/USD: Extra gains expected above 1.1020 – UOB
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
Walmart teams with ThredUP to sell used clothing online
NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.
LNA Surprised by Claims of 'Russian Aircraft' in Libya - Spokesman
CAIRO (Sputnik) - The Libyan National Army (LNA) believes the US military's statements about the alleged arrival of Russian military aircraft in Libya are strange, LNA...
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Industrial land ready in Maharashtra for business operations: Subash Desai
The Maharashtra government has kept ready 40,000 acres of industrial land along with all amenities, including road connectivity, for companies to come in and start their business operations, State In
New Zealand expects plan for safe travel with Australia in June
WELLINGTON, May 27 — New Zealand Prime Minister Jacinda Ardern said today a draft blueprint on safely starting travel between New Zealand and Australia will be presented to both governments in early June. The neighbours have been discussing the possibility of a travel bubble between them as both...
Global energy spending to fall $400bn due to coronavirus crisis
IEA says investments in low-carbon technologies falling far short of climate goals
GBP/USD: Off two-week top under 1.2400 amid US dollar pullback
GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.
Coronavirus accelerates shift away from cash
Pandemic encourages more businesses to move to contactless payments
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Save On ends pandemic pay
The union representing workers at Save-On-Foods is asking the chain to extend the pandemic premium for employees.
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Power of Attorney given to stock brokers: What’s changing from June 1, 2020?
In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of Attorney (PoA) issued by clients in favour of their stock broker, market regulator Securities and Exchange Board o
Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News
New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »
Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down
Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the
India's aggressive policy towards neighbours putting regional peace at stake: FM Qureshi
FM says India has also used Afghanistan’s land against Pakistan in the past
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
'Gold Coast stuff': Fears over Treasury Square development
There are fears a $2 billion development at Treasury Square could overshadow Birrarung Marr after the state government sought to sell the land before finalising planning controls.
Romualdez: DCC to approve P1.5Tr SAP under CURES Act
THE Defeat COVID-19 Committee (DCC) co-chaired by House Majority Leader and Leyte Rep. Martin Romualdez and Speaker Alan Peter Cayetano will approve this Thursday the P1.5 trillion social amelioration program under the proposed “COVID-19 Unemployment Reduction Economic Stimulus (CURES) Act of 2020."
EU Aims to Back Struggling South With Fiscal Shock and Awe
The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.
China’s survey team summits Mt Everest to remeasure its height
According to China’s measurement the height of Mount Everest is 8844.43 meters which is four meters less than Nepal’s calculations, the state media reported.
Taiwan president pledges humanitarian relief for Hong Kongers
TAIPEI (Reuters) - Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong.
BREAKING John Lewis names the 13 stores that will reopen to the public in June
We'll be bringing you the very latest updates, pictures and video on this breaking news story.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
GE Stock Comeback Story is Delayed But Not Canceled
The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.
Japan PM vows to back corporate financing with second extra budget
TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...
UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases
The state has expedited infra projects to boost economy, create jobs in hinterland
Tecra Muigai: Court to rule on suspect’s bond
Court will fix bond terms on Wednesday at 2.30pm.
GTA 6 release date is 2023 suggests analyst as Take-Two reveal marketing plans
Take-Two’s own financial predictions point to a massive increase in marketing in 2023 and everyone seems to think it’s for GTA 6.
Lengthy housing recovery
Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.
[Update: Official] Samsung is planning to offer a debit card this summer
According to Samsung, the company is planning to introduce a debit card with money management tools for Samsung Pay this summer.
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes
The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.
Winter vegetable markets to reopen today with new timings
Winter vegetable markets will reopen today after three-day Eid Al Fitr break with new timings, offering a number of farm fresh local vegetables at competitive prices.
How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff
Earnings upended Alibaba stock's breakout, and now the chart's a mess. Steer clear for now, or sell credit spreads to bank on the chop.
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
Gold prices hit two-week low on optimism around reopening of economies
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
Opportunity is knocking for investors with a long-term mindset.
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
Africa: Building resilient economies through regional integration
The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.
Stock markets mixed as China-US tensions return to fore
HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...
EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse
Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
This year ‘a write-off’ for Irish banks – Davy
This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.
[Update: Unity Plugin] Google open sources Cardboard so developers can build educative VR experiences in their apps
Google Cardboard was a quirky low-tech approach to VR, and it was probably more successful than Daydream. Google is now open-sourcing Cardboard.
Gold trades with modest losses, holds above $1700 amid escalating US-China tensions
Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com
'Gold Coast stuff': Fears over Treasury Square development
There are fears a $2 billion development at Treasury Square could overshadow Birrarung Marr after the state government sought to sell the land before finalising planning controls.
Government backtracks on Matt Hancock's promise to review lockdown fines
A senior minister said there would be no formal review into parents who may have been fined for making childcare related travel.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
UK's Johnson suffers sharp poll fall after Cummings scandal
It adds to a sense of growing revolt over the government's handling of Dominic Cummings, with nearly 40 Tory MPs demanding he lose his job
Jose Mourinho provides huge Tottenham injury update ahead of Project Restart
Spurs were struggling with injuries prior to the break
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan's most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong. China's proposed new security legislation for the former
Lockdown Barber Shops Ordered to Close by Trading Standards
A war led by the BBC on barber shops caught defying the lockdown to offer haircuts has ended, after the local trading standards department ordered the closing of around 20 rule-flouting hairdressers.
Saudi public sector employees will return to work starting May 31
Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak.
French power couple lose money laundering appeal
PARIS, May 27 — A French political power couple lost their appeal today against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office. Patrick and Isabelle Balkany, right-wing politicians who for...
India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates
Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...
The World Trade Organisation responds to claims over reports regarding Saudi Arabia and TV piracy
Newcastle United fans are awaiting news on the buy-out of the club but have still yet to receive a positive outcome
Ex-IEBC CEO James Oswago Dealt Blow in Ksh1.3B Tender Case
Former Independent Electoral and Boundaries Commission (IEBC) was dealt a blow in the Ksh. 1.3 billion tender case...
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
Taiwan president pledges humanitarian relief for Hong Kongers
TAIPEI, May 27 — Taiwanese President Tsai Ing-wen today pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong. China’s proposed new security legislation for...
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
How to move beyond the burden of legacy systems [Q&A]
These days, companies are seeking to stay competitive and current by pursuing and succeeding at end-to-end digital transformation.
Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital
The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan'
LFC want Timo Werner, but won’t pay £48M & plan to haggle price down – Bild
Liverpool do want to sign Timo Werner before the start of next season, whenever that is, but are not willing to simply trigger the £48m release-clause in order to make it happen. This is according …
CBS Hit by Newest Round of ViacomCBS Layoffs
The cuts at the broadcast network come a month after similar actions at the company's cable properties.
Consumer Confidence Inches Higher
Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Floor trading resumes at Wall Street, with masks and plexiglas
Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.
Workplace reforms are ‘worth it’, says ACTU boss Sally McManus
Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.
What every Canadian investor needs to know today
A look at the morning’s market action