Economy 1359
4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER
Uber, Occidental Petroleum, Canopy Growth and Zscaler are our top stock trades for Monday. That said, let's look at the charts for the group.
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally
The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.
NPA appoints ex-Scorpion Sipho Ngwema as spokesperson
Ngwema previously served as the head of communications at the Competition Commission, a position he had held since September 2016.
GST hike on non-essential items unlikely despite falling revenues
Sources indicated that as of now there is no proposal to reduce GST rate on essential items, even as it is ultimately GST Council which will take any decision on changing the tax rates and not just the central government.
Clark Airport upbeat on new leadership
The recent appointment of former Philippine Drug Enforcement Agency chief Aaron Aquino as the new president of the Clark International Airport Corp. is a “positive step towards further strengthening the agency’s capacity to develop the civil aviation complex,” Joshua Bingcang, outgoing officer-in-charge of CIAC, said Friday.
Are Stocks Out of Control? What We Learned in May
A round-up of market analysis by Bloomberg Opinion.
Huge fire at industrial estate as 200 TONNES of paper goes up in flames
The blaze broke out in Wigan earlier this evening
Top European Union diplomat calls China an 'ally' despite Hong Kong crisis
China is a necessary “ally” in global affairs due to its economic clout and capacity to influence major issues, according to the European Union’s top diplomat.
UK helps employers with slow phase-in of job shield costs
British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…
Clark County schools to move to Phase Two of reopening June 8
Under the plan announced Friday, some staff will return to district offices under social distancing guidelines, while much work will continue to be done online or by phone.
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
Centre's Rs 20 lakh crore package is bogus: CPI-ML New Democracy leader Akula Papaiah
CPI-ML New Democracy leader Akula Papaiah criticised the Rs 20 lakh crore package announced by the Central government as of no use for the common man
Stocks rebound on relief at Trump's response to China over Hong Kong
NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
Renault plans to cut 14,600 jobs worldwide in race to reduce costs
The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion
Asia Today: India to allow reopenings in some areas
NEW DELHI (AP) — India is extending its lockdown in containment zones until June 30 but will allow economic activities to restart outside these areas even though coronavirus cases continue...
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.
What UK will look like as lockdown eased and shops braced for BBQ and booze spike
New week, new world... we look at what Monday brings for garden parties, schools, shops, pubs, takeaways, shielding, entertainment and holidays as Brits are ready to go barbecue and picnic crazy with 25C temperatures but docs warn to stick to social distancing rules
A14 partially blocked after lorry hits highways van doing roadworks
A lorry has collided with a Highways England van while roadworks are carried out on the A14 in Bury St Edmunds.
Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin
Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against
At 6.1%, growth in per capita income slows: Explained in numbers
The growth in per capita income has been coming down for 3 years.
US stocks rise after Trump sticks to script on China
Shares in New York gained 4.5 per cent in May, buoyed by signs the US economy is stirring after shutting down in April.
Renault staying in Formula One: Interim CEO
Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures ...
S&P 500, Nasdaq rally to close week higher as Trump’s actions against China seen not as disruptive as feared
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China...
Qureshi warns India against any ‘foolish act’
India is constantly losing and its surgical strike drama has failed, says the foreign minister
Abdul Aleem Khan dismisses flour price increase by Mills Association
Pakistan Flour Mills Association had increased the price of flour by Rs 120
Megacap Algo Trade Taking Lumps Right After Everyone Piled In
If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis.
People urged to keep track of who they meet over bank holiday weekend
People socialising over the bank holiday weekend have been urged to keep track of who they meet.
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
Sara Hay appointed Wellington City Council's new chief financial officer
Ms Hay joins Wellington City Council after several years of accomplished work at senior levels of, most recently, Auckland Council and, prior to that, at the Ministry of Business, Innovation and Employment.
The coming recession is the best reason to step up the pace of renewables investment
It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
Major shopping street in Worcester city centre set for revamp this summer with work lasting 12 weeks
Pump Street in the city centre is to get a make-over starting on June 22 - including new trees and new footpaths with different coloured and textured paving to make them safer for pedestrians
UK D10 plan to provide alternatives to Huawei
The UK has come up with a plan to provide alternative sources to China for telecoms, pharmaceuticals and other key supplies.
UK PM unveils ‘limited’ easing of lockdown
UK Prime Minister Boris Johnson has unveiled some “limited” and “cautious” easing of the country’s coronavirus lockdown measures.
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
USD/CAD holds steady, up little around 1.3770 amid weaker oil prices
The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall
Crude has best month on record in May as prices surge 88 per cent
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Explainer: How important is Hong Kong to China as a free finance hub?
HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.
Boost explains why eWallet to bank account transfers have been discontinued
Boost had recently performed a major upgrade which offers users a larger eWallet size of up to RM4,999. However, its previous feature which allows users to cash out their eWallet credit to bank accounts has been discontinued since 18th of May.
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1
OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.
New Exec Chair For NZ Dairy Industry Awards
The New Zealand Dairy Industry Awards Executive have chosen Taranaki dairy farmer and NZDIA Alumni Rachel Short as Chair at a recent board meeting, with Paparimu 50/50 sharemilker Amber Carpenter elected as Vice-Chair.
Japan factory output and retail sales slump as pandemic hits autos
Official data Friday showed factory output slipped 9.1 percent in April from the previous month.
Video | Cement companies report concrete gains despite weak volumes in Q4
Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
Canada’s Huawei extradition ruling could unleash Chinese backlash
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies executive to the US leaves Canada vulnerable to further retaliation from Beijing, analysts said.
SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction
THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.
Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs
Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
US-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...
SPECIAL REPORT: FOREX: Dynamic instability amidst CBN’s interventions
NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira
Investigators find Rs 3 crore in wreckage of crashed Pakistan aircraft
Investigators and rescue officials have found around Rs 3 crore in cash in the wreckage of the Pakistan International Airlines' aircraft that crashed wth 99 people on board, killing 97 people,
Williams reveals it is for sale
Backmarker Formula 1 team Williams has admitted it may be sold.
PSA Forum returns on June 2
The two-part, Tuesday session will have two of the country’s top sports officials in Philippine Sports Commission (PSC) Chairman William ‘Butch’ Ramirez and Philippine Olympic Committee (POC) President Abraham ‘Bambol’ Tolentino taking their turn discussing the current and future state of Philippine sports amid the global pandemic.
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
Starling Bank raises £40m as it lends to virus-hit small businesses
Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Nifty 50 June Futures (9,404)
The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A
Battle for Hong Kong Is Shifting to City’s Financial Markets
The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.
Sberbank Forms Swiss Entity for Physical Commodities Trading
Sberbank has announced on Friday its expansion into the commodities market with the opening of a trading company in Switzerland.
National cabinet launches ambitious federation reform agenda
Federation reform has been overhauled and a new council tasked with removing duplication and overlap will report to the national cabinet each month.
Explainer: How important is Hong Kong to China as a free finance hub?
Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing
In Johor, 10 Bersatu divisions claim to support sacking of Dr Mahathir and co
JOHOR BARU, May 29 — A total of 10 out of 26 Parti Pribumi Bersatu Malaysia (Bersatu) divisions in Johor claim to support the dismissal of Tun Dr Mahathir Mohamad and four other leaders. Johor Bersatu deputy chief Senator Md Nasir Hashim said that the matter has the support of 10 of the state’s...
CEO Williams: "Do consider selling the entire company"
The collaboration with ROKiT has been terminated with immediate effect and the Formula 1 team may go on sale. That was the news that Mike O'Driscoll said this Friday morning. Through the official channels, the CEO will give some more text and explanation.
‘Almost entire’ economy could reopen before June 30 if infection rates remain low and stable, says Singapore minister
SINGAPORE, May 29 — If Covid-19 infection rates remain low and stable, the Government will decide by mid-June whether Singapore can move out of the first phase of reopening the economy, National Development Minister Lawrence Wong said today. While the first phase — which will start from June 2...
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy
Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc
Stocks To Buy In A Post-Pandemic World
The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in
SPECIAL REPORT: Dwindling dividends of democracy
ACCORDING to American Poet, Ralph Waldo Emerson (1803 -1882), "The first wealth is health." Taken further, a healthy man is a
World shares fall as Hong Kong, U.S.-China tensions weigh
Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.
P1.3M shabu seized from Nigerian, 3 Pinoys in Bacoor
CALABARZON policemen yesterday arrested a Nigerian national and his three Filipino cohorts after they conspired to sell an estimated P1.3 million worth of shabu to an undercover officer in Bacoor City, Cavite, Police Regional Office 4-A director, Brigadier General Vicente D. Danao Jr. said.
BI sees rupiah strengthening to pre-pandemic level as it intervenes in market
BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
Stocks slip as investors await Trump's Hong Kong response
LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
President Buhari pleads debt cancellation for African countries
President Muhammadu Buhari has pleaded with financial institutions and developed countries to cancel the debts of needy countries, especially those in Africa.
Asia shares fall as U.S.-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already
European stocks fall on rising U.S.-China tensions
European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...
How important is Hong Kong to China as a free finance hub?
While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.
Socso says received 302,997 applications for Wage Subsidy Programme
KUALA KUMPUR, May 29 — The Social Security Organisation (Socso) has received 302,997 applications from employers involving 1.98 million workers for the Wage Subsidy Programme (PSU) from April 1 until May 27. Socso’s chief executive officer Datuk Seri Mohammed Azman Aziz Mohammed in a statement...
Migrant labourers needn't pay for Sharmik train, states will pay: Railways
Migrant workers do not have to pay for tickets of Shramik Special trains as sending and receiving states are coordinating with each other for the fare of these trains, Railway Board Chairman Vinod Kumar Yadav said on Friday.
Canada’s economy saw record decline in March, with worse numbers forecast for April
Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold
OPEC delivers three quarters of record oil cut in May: survey
LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20
India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.
5 Quotes to Help Plan for Retirement
Wisdom from the world's wisest students of the market is surprisingly simple, even if difficult to adhere to.
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
Ajit Jogi, first Chief Minister of Chhattisgarh, dies at 74
Ajit Jogi, the first Chief Minister of Chhattisgarh and a mass leader who dominated the State's politics for long, died at a private hospital here today. Continue Reading →
Weekend betting tips: Four bets that could make you a fortune
Horse racing and football tips
Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
Edo 2020: Ize-Iyamu is yet to meet conditions for waiver granted - APC chairmen
The consensus candidature of Pastor Osagie Ize-Iyamu may have hit a brick wall as APC chairmen in Edo said he did not meet the conditions for a waiver granted.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...
10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk
When looking for penny stocks to buy under $5, you’ve got to go dumpster diving. That’s never an easy task when stocks aren't cheap.
Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)
Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]
Edo 2020: Ize-Iyamu is yet to meet conditions for waiver granted - APC chairmen
The consensus candidature of Pastor Osagie Ize-Iyamu may have hit a brick wall as APC chairmen in Edo said he did not meet the conditions for a waiver granted.
Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit
KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...
Renault to restructure French factories in high-stakes reboot plan
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...
Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)
Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]
China sanctions not solution to Hong Kong crisis: EU
The European Union said Friday that China's imposition of a security law on Hong Kong had damaged ties with Beijing, but that imposing sanctions would not solve the crisis.
Yet Another Blow to Jagan Government from the High Court
Immediately after the judgment, N Ramesh Kumar announced coming back to work.
USD/JPY off lows, still in the red below mid-107.00s ahead of Trump
The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near two-week lows, just above the 107.00
FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%
This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore
Bitcoin Could Hit $11,000 in June 2020; Here’s Why
Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month.
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
2 Stocks I'll Hold Forever
These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
Ireland Funds’ Chief Executive steps down after one year
Mr Cronin intends to spend more time with family and will move back to Ireland
This Morning struggles with 'painful' cooking segment again
Things didn't go to plan for Jack Monroe
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
Troubled Izaia Perese back in union after securing Top 14 deal
Izaia Perese was on Michael Cheika’s Wallabies radar before he switched to NRL… now after a drugs charge, he is back in union and moving to the Top 14.
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Union steps in with food vouchers and legal action as Denel fails to pay May salaries
Trade union UASA has set up a fund to assist its members after the embattled state-owned enterprise, Denel, abruptly announced that it would not be able to pay its employees in May. The union says they will be taking the matter to court.
National Bank of Greece S.A.'s (NBGIF) CEO Pavlos Mylonas on Q1 2020 Results - Earnings Call Transcript
National Bank of Greece S.A. (OTCPK:NBGIF) Q1 2020 Results Earnings Conference Call May 28, 2020, 11:45 AM ET Company Participants Pavlos Mylonas - Chief Execut
India's Fiscal Deficit Widens To 4.59% Of GDP
India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
Vestager hits back at Lufthansa bailout criticism
Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.
How This Week Highlights the Challenges Facing General Electric Stock
GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.
Developer behind Bertha Park project near Perth facing second planning refusal
The Elgin-based builder is seeking to revise its initial designs for the development so it can create 82 new properties in an area it currently has approval to build 68.
Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725
The troy ounce of the precious metal advanced to a fresh daily high of $1,733 during the early trading hours of the American session but struggled to
Hong Kong China Borrowed Time
Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status. China’s passage of a national security law for the city is the latest sign that the 50-year “one country,
Soas to slash budgets and staff as debt crisis worsens in pandemic
Fears of takeover after auditors question whether London-based institution can continue
3 Natural Gas Stocks for a Cleaner Future
Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.
Volvo evaluating markets, confirms to drive in XC40 recharge in India
Cars News: NEW DELHI: Volvo Cars India anticipates luxury carmakers to lead the pack once the electric mobility gains momentum here.
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
EU says Hong Kong decision damages trust with China
BRUSSELS (Reuters) - European Union governments expressed “grave concern” on Friday over China’s security law for Hong Kong, the EU’s top diplomat Josep Borrell said following a video meeting of the bloc’s 27 foreign ministers.
3 of the Best Breakout Stocks to Buy Now
Bulls are knocking on the door of resistance in these three breakout stocks. Here are the levels to watch, and how to trade them.
Survey shows Queenstown is open for business - Destination Queenstown
A survey of local tourism businesses recently undertaken by Destination Queenstown shows that 96% of respondents will be open under level 2 for the winter season.
Canada: The loonie does not react to better than expected GDP – TDS
Real GDP for Q1 and March surprised to the upside with contractions of 8.2% q/q (TD/market: -10%) and 7.2% m/m (TD: -7.0%, market: -8.5%), per TD Secu
EU seeks tougher China policy, concerned by Hong Kong law
BRUSSELS (Reuters) - European Union foreign ministers agreed to toughen their strategy on China on Friday to counter Beijing’s increasingly assertive diplomacy against a backdrop of concern about China’s new security law for Hong Kong.
Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades
The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions
Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries
KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...
Chhattisgarh's first Chief Minister Ajit Jogi passes away at 74
Jogi's last rites will be performed at his native Gaurella in Bilaspur district on Saturday, said his son Amit
'Govt's silence fuelling speculation’: Rahul Gandhi on situation with China
Congress leader Rahul Gandhi has said that the government must come clean on the border face-off between India and China along the Line of Actual Control (LAC).
Bank of New York Mellon Corp Has $20.07 Million Stake in Match Group Inc (NASDAQ:MTCH)
Bank of New York Mellon Corp boosted its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 303,838 shares of the technology company’s stock after purchasing an additional 29,902 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were […]
Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT
Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group
It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.
GoodChips expands certification to global market with Azwood Energy
A leading energy supplier within New Zealand is enabling GoodChips® to grow its international base.
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
Bengal to reopen places of worship Monday as CM eases lockdown
She also announced restarting of private and public sector offices with full attendance from June 8
India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points
RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".
Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)
Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]
Investors Skittish Ahead of Expected Sanctions on China
Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.
China faces mounting pressure over Hong Kong security law
China faced growing international pressure Friday over its move to impose a security law on Hong Kong that critics say will destroy the city's autonomy, with the United States and Britain placing the issue before the UN Security Council.
Australia's 'war cabinet' shifts focus to jobs
Australia's "war cabinet" will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel ...
J. C. Penney Goes Bankrupt With No Recovery For Shareholders
J. C. Penney filed for bankruptcy and its restructuring support agreement includes no recovery for shareholders. It plans to split into a REIT and an operating
Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China
Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P
ConCourt denies Public Protector, EFF leave to appeal Gordhan interdict
Public Protector Busisiwe Mkhwebane scored a small victory as the Constitutional Court overturned a personal costs order against her. But the court dismissed a bid by her and the EFF to appeal an interim interdict granted to Pravin Gordhan while he takes Mkhwebane’s SARS report on review.
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
Bengal’s Amphan-Damage Assessment Of Rs 1 Lakh Crore May Be Grossly Inflated, And That’s Why Centre Should Scrutinise It Closely
There are many reasons to doubt this seemingly fantastical Amphan-damage assessment figure of Rs 1 lakh crore.
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading
TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.
India Rules Out Any Plan to Restrict Chinese Foreign Portfolio Investors
New Delhi (Sputnik): Border tension has been simmering between India and China after a skirmish between patrol parties in Ladakh's Galwan Valley sector earlier this...
CA boss bracing for $80m revenue hit this summer
Kevin Roberts says a lack of blockbuster crowds in the 2020-21 summer will have a big impact on Cricket Australia's financial position
Turkey's AK Party plans measures seen as potential obstacle to new parties
ANKARA (Reuters) - Turkish President Tayyip Erdogan’s AK Party is planning to push through measures with its nationalist allies that affect how political groups may contest elections and could hamper new opposition parties taking part in any snap elections.
Greece to allow visitors from 29 countries from June 15, but not UK
Greece listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic. The Greek Tourism Ministry said travellers from the permitted countries will be able to enter Greece on direct flights to Athens and to the northern city of Thessaloniki.
Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.
Global stocks slip as markets await Trump's HK response
SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...
Dollar bides time, yuan falls before Trump takes stage on China
TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.
Sanwo-Olu assures Lagosians of affordable housing
Lagos State Governor Babajide Sanwo-Olu said on Thursday that his administration would make available affordable and accessible housing for residents....
Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”
Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can
FDI inflows surge 18% in 2019-20 to record $74 billion
India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard
Outlook & trading strategies for Silver, crude oil by Tradebulls Securities
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
Coronavirus hits Coalition seats the hardest, upping pressure on PM
Nine of the 10 seats with the biggest jobless increases are held by the Coalition, raising internal pressure on Scott Morrison to extend the JobKeeper allowance.
Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
Renault poised to announce 15,000 layoffs worldwide: union
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
Italy's Serie A to resume on June 20
Football News: Italy's Serie A was given the green light on Thursday to resume on June 20 after a three-month absence as one of the countries hardest hit by the coro
DaniLeigh Dips Into Drill With Fivio Foreign On "Dominican Mami"
DaniLeigh links with Drill champion Fivio Foreign to deliver her new single 'Dominican Mami.' The Drill wave continues to creep its way into the rap scene here in the States. Popular Drill artist Fivio Foreign is one of a few artists who have been instrumental in creating a Drill scene on this side ...
Aimia vows to fight Air Canada's court move to halt upcoming merger
Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
Eli Apple agrees terms with Panthers after failed Raiders move
Cornerback Eli Apple has agreed to join the Carolina Panthers after leaving the New Orleans Saints.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out
USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
Cypriot Cabinet approves bill on EastMed Pipeline
Cyprus' government has approved the bill on the EastMed pipeline project, the country’s Energy Minister George Lakkotrypis said in a statement.
NZ FinMin Robertson: Economy is opening up and improving
New Zealand’s (NZ) Finance Minister Grant Robertson came out on the wires on Friday, via Reuters, noting that the economy is opening up and improving.
An economic Cold War was long coming
The US has always felt threatened by China’s rise. The Covid crisis has sharpened the conflict of economic interests
Consumer confidence lifts in May but still at record lows - bank survey
Major purchase intentions have improved but over half of respondents expect bad times ahead.
AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment
While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f
CIDG files complaint vs 2 Chinese over makeshift hospital in Clark resort
The Criminal Investigation and Detection Group Regional Field Unit 3 also files a complaint against the lessee of the villa at the Fontana Leisure Park that housed the underground hospital and pharmacy
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
Why the national cabinet must brace for the jobless wave
An analysis of the JobKeeper numbers shows how complicated a return to higher levels of employment will be.
PMC, PCMC to help PMPML pay 2,200 daily wage workers
As reported by The Indian Express earlier, over the past fortnight, the PMPML had asked these workers to sit at home as the undertaking had no work for them amid the nationwide lockdown.
PM Modi-Shah meet, strategy post May 31 on discussion table
A day after speaking with the Chief Ministers, Union Home Minister is meeting with Prime Minister Narendra modi ahead of the lockdown coming to an end on May 31.
BoC: The most depleted stockpile of monetary policy ammo any modern governor has inherited – NBF
Warren Lovely and Taylor Schleich from the National Bank of Canada offer up some high-level commentary on how certain conditions evolved under Poloz’s
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%
Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…
Beijing Urges Foreign Nations to Cease Attempts at Meddling in Hong Kong Affairs
The day before, China's parliament overwhelmingly passed a resolution to draft a law on national security in Hong Kong that would outlaw secessionism in the territory...
Robinhood Names Surabhi Gupta as VP of Engineering
Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.
Is Pakistan dumping traditional allies Saudi-UAE for their support to India ?
While Qatar has reportedly supported this trio vis a vis Saudis and UAE as part of its regional strategy in the Gulf, Doha has warmed up to Delhi and PM Narendra Modi spoke with its Emir this week on the occasion of EiD.
Yen perks up, dollar sags as markets jittery before Trump speaks on China
TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...
Investors fear cryptocurrency CEO accused of stealing millions could be on the run
A man accused of stealing millions from Bitcoin investors appears to have made a run for it.
Yogi Govt To Sign Pact With Industry Bodies To Provide Employment To 9.5 Lakh Workers Each Year
The Yogi Adityanath led Uttar Pradesh government will today (29 May) sign a memorandum of understanding (MoU) with the industry bodies like Indian Industries Association (IIA), National Real Estate Development Council and Confederation of Indian Industry (CII) to provide employment to 9.5 lakh workers in the state, Times of India has reported.
Govt moves to halt crude export in natural state - The Nation Nigeria
In its bid to sustain the economy following the COVID-19 pandemic, the Federal Government (FG) is putting plans in motion to implement ways to halt...
Necessity of planning a good exit strategy — Farhan Kamarulzaman
MAY 29 — While the conditional movement control order (CMCO) is still in progress, we hope the government can come up with a plan for a successful exit strategy at the earliest possible moment. This should not be delayed, as the ideal time to prepare, draft and formulate a successful exit...
Tokyo stocks close lower on US-China tension
TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...
ACT govt rules out business loans and grants, hospitality package welcomed
Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores
The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
Capital flows running out of steam as DIIs taper after FPIs
After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
How will Europe's 'Big Five' look after the restart?
Football fans in England and Italy received the news they had been waiting for on after the Premier League and Serie A got restart dates.
Ardagh to repay debt as it raises $715m in bond sale
Glass and metal container group led by Paul Coulsen operates facilities in 12 countries
US Dollar Index drops to 2-month lows near 98.20 ahead of Trump
The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2
Harry Redknapp admits Airdrie talks but 'rules out takeover'
Shock reports suggested the former Spurs gaffer would be heading to North Lanarkshire
PM backs NSW going it alone on travel bubble with New Zealand
States whose borders are open could strike a travel deal with New Zealand ahead of other states whose borders are closed, Scott Morrison says.
India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
‘Sectors where the fixed costs component is higher will be hit sharply
Tokyo shares snap 4-day winning streak amid U.S.-China tensions
Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…
Foxsemicon to enjoy revenue growth in 2020
Semiconductor equipment maker Foxsemicon Integrated Technology, an affiliate of the Foxconn Group, is expected to post on-year revenue growth in 2020, according to industry sources.
Reservation period for special trains increased to 120 days: Indian Railway
The changes will be implemented from May 31 onward, according to Indian Railways
'It's not as attractive as it was': New security law puts pressure on businesses in Hong Kong
Chinese leaders said the new law was needed to combat unspecified threats in the semi-autonomous region.
Mt Ruapehu Ski Areas To Open In July
Mt Ruapehu is planning to open both Whakapapa and Turoa ski areas on July 1.
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
Renault to cut 15,000 jobs in US$2.2b cost cutting plan
PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...
Financial Markets Continue To Rise Despite Dismal Employment Data
The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r
ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up
More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.
Bengal to reopen places of worship from June 1, workforce in govt offices to increase
Mamata Banerjee blamed the Railways for undoing her government’s success in “controlling the spread of Covid-19 in the last two months” by sending trains packed with migrant labourers to the state without consulting her government.
Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with ...
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
This is the Level Chainlink Needs to Surmount to See “Swift Rally” to Fresh Highs
Chainlink (LINK) could soon find itself caught within an uptrend that leads it up to fresh all-time highs if it breaks one key resistance level.
REVEALED: Kogi’s index case is chief imam of Kabba
The community in Kogi from which the index case of the coronavirus was recorded says the virus was contracted within the state.
Maharashtra CM’s not in favour of lifting lockdown; some easing likely
Chief minister Uddhav Thackeray on Friday indicated that Maharashtra, especially hotspots like Mumbai and Pune, would continue to remain under lockdow
Railways defends itself, says Shramik Specials can be terminated or rerouted
Yadav also defended the Railways against the flak over lack of food and water on board the delayed trains.
Iconic Midtown sports bar Foley’s NY closing down
A New York City sports mecca is no more. Foley’s NY, an iconic Midtown waterhole cherished by sportswriters, fans, and beer lovers alike, will be closing its doors permanently, owner Shaun Clancy
Obasanjo, Jonathan 13 other ex-African leaders back Akinwumi, called for caution
A coalition of 14 former African presidents and a prime minister have urged the US government to respect the governing systems of the African Development Bank.
Canada's economy shrinks 8.2% in Q1 2020
The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009
Retail sector braces for more pain as PAS Group collapses
Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.
Spain government okays basic income scheme to tackle poverty
Spain's leftwing government approved a minimum basic income scheme on Friday to tackle a spike in poverty stemming from the virus crisis that has ...
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
Cuomo: Businesses can deny entry to consumers with no masks
New York Gov. Andrew Cuomo announced Thursday he would sign an executive order that gives private businesses the right to deny entrance to anyone who does not wear a facemask.
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.
Likelike Highway scheduled to close overnight twice in June for tunnel maintenance | Honolulu Star-Advertiser
A portion of Likelike Highway is scheduled for overnight closures twice in June for routine maintenance in the Wilson Tunnel, according to state officials.
Infiniti Reinvents The Dealer Experience
Across the country, plenty of car dealerships are beginning to reopen their doors to shoppers, often seeing...
NPA appoints ex-Scorpion Sipho Ngwema as its new spokesperson
The National Prosecuting Authority has appointed former Scorpions point man Sipho Ngwema as its new spokesperson.
Maharashtra: For 3 years, govt plans to reduce local youth job quota to 60%
As per the existing guidelines, it is mandatory for industries to employ 80 per cent Maharashtra domiciled persons, and remaining 20 per cent employees from anywhere else. The quota has not been legislated, but effected by way of a government resolution.
Major Market Indicators Report June 2020: Downshifting To Neutral
U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis
Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi
Chile, Peru secure credit lines from IMF amid pandemic
The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.
Maharashtra CM's not in favour of lifting lockdown; some easing likely
Chief minister Uddhav Thackeray on Friday indicated that Maharashtra, especially hotspots like Mumbai and Pune, would continue to remain under lockdow
Only 4 Shramik trains have taken over 72 hours to reach destination:Railways
The clarifications came amid criticism over delays that the migrant trains were getting 'lost' before reaching their destinations.Till May 28, VK Yadav said, 3,840 Shramik Specials operated ferrying a total of 52 lakh passengers.
Michel Barnier: UK needs to get real if it wants a Brexit deal
An agreement by the end of the year will be ‘very difficult, but it is possible,’ EU negotiator says.
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Murray to return to action in June
Andy Murray will return from his latest injury problem on June 23 in a tournament organised by his brother Jamie to raise money for a UK National Health Service charity.
Indian economy grew at just 3.1% in January-March quarter, the slowest in 11 years
Output of eight core industries, meanwhile, declined by a whopping 38.1% in April, as against 9% in March.
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
Minimum Wage Requirement Indicates Hamilton City Council Is Out Of Touch
Responding to Hamilton City Council's move to a minimum wage of $20 per hour for employees of its contractors, the New Zealand Taxpayers’ Union is labelling the decision tone-deaf.
The 9 Best Cheap Stocks to Fill Up On Now
Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
PIC CFO suspension extended as disciplinary clears her of Ayo charges
Board says it will be
Endeavour Silver resumes operations at three Mexico mines
Canadian miner Endeavour Silver has resumed mining operations at its three underground silver-gold mines in Mexico.
Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher
After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this
3 Recent Catalysts For Bitcoin
The first involves Square (SQ), which made recurring Bitcoin purchases available to its Cash App customers. The second news involves Shopify (SHOP), which renew
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
Bulgaria’s Business Proposes a Package of 54 additional Anti-crisis Measures
Bulgaria’s business and syndicates are proposing a package of 54 additional anti-crisis measures to this country’s cabinet.
The UK wants to join with Trump to form a new global alliance to end China's grip on 5G
Boris Johnson wants to form a technology alliance with the US and other countries amid global anger towards China.
National Backs Businesses With $10k JobStart
National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced.
MAN UNITED: Shanghai Shenhua softens stance on possible Ighalo loan extension
Manchester United have been handed in a boost in their bid to extend Odion Ighalo's loan deal at the club, with Shanghai Shenhua
Netizens weigh in on jobs for foreign workers and locals
Netizens weigh in on jobs for foreign workers and locals
The Gold/Silver Ratio Begins To Trend Lower
The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
Nagaland Board To Announce Results For Class 10 and 12 On May 30
Nagaland Board of School Education (NBSE) announced that the results HSLC (class 10) and HSSLC (class 12) exam 2020 will be released on Saturday, 30 May.
YOBE: Buni approves N200m monthly to pay retirees benefits
Yobe Governor Mai Mala Buni, said the sum of N200 million has been earmarked every month for payment of entitlements to retirees of the.
GST Council to meet next month; FinMin not for raising rates on non-essential items
Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.
Synchrony Financial (NYSE:SYF) Position Increased by Commerce Bank
Commerce Bank increased its stake in Synchrony Financial (NYSE:SYF) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,239 shares of the financial services provider’s stock after purchasing an additional 8,709 shares during the period. Commerce Bank’s holdings in […]
Sensex surges 224 points, Nifty reclaims 9,500-mark
Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark.
EU Lawlords Put O2 and Three Merger Back on the Cards
The European Court of Justice has thrown out an earlier European Commission antitrust ruling that barred mobile giants O2 and Three from merging, freeing parent companies Hutchison and Telefonica to have another shot at synergising at boardroom level should they remain pumped for that sort of thing.
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
How to keep supply chains reliable when the world's upended
In March, as COVID-19 cases spiked across the United States, hospitals faced a harrowing shortage of crucial medical supplies, from face masks and ventilators to the nasal swabs and chemicals needed for ...
Vijay starrer ‘Bigil’ incurred a loss of Rs 20 crore? Producer clears the air
A leading website had recently reported that the Vijay starrer Bigil had not live up to expectations and incurred a loss of Rs 20 crore and this ruffled a few feathers. The film’s producer Archana
How to put 'found money' generated from pandemic savings to good use
CALGARY - An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no plac
Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]
Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)
Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]
Distressed retailer Party City seeks to cut debt with bond deal
Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.
-$0.11 Earnings Per Share Expected for LivePerson, Inc. (NASDAQ:LPSN) This Quarter
Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). LivePerson posted earnings of ($0.20) per […]
Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]
The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past
Ed Miliband demands more state support to rescue UK steel sector
Former Labour leader says government should consider taking equity stakes in struggling manufacturers
Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)
Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]
Yogi Adityanath announces jobs for 11 lakh migrant workers, labourers; UP govt inks pact with industry
Yogi Adityanath said that he has received a list of 11 lakh migrant workers and labourers from bodies such as India Industries Association and FICCI and they have assured to absorb a huge labour force into the industry.
LTO sets NCR license, registration renewal deadline to July 31
As NCR will transitions to GCQ on June 1, residents will now have until July 31 to renew vehicle registration, driver's licenses
McLaren to reportedly cut about 30% of their employees
Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program
Greece to allow visitors from 29 countries next month, but not UK
Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.
Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)
Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
Electricity: Buhari approves funding for first phase of Siemens power deal
Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.
Greece to open to tourists from 29 countries from June 15
ATHENS (Reuters) - Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis
India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)
On banks of Danube, Hungary and South Korea mourn victims of boat accident
BUDAPEST (Reuters) - Officials from Hungary and South Korea held a minute’s silence and threw white flowers onto the waters of the Danube on Friday, marking the first anniversary of a boat accident which killed 25 South Korean tourists and two Hungarian crew.
40,729 Shares in NMI Holdings Inc (NASDAQ:NMIH) Bought by Trexquant Investment LP
Trexquant Investment LP acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,729 shares of the financial services provider’s stock, valued at approximately $473,000. Trexquant Investment LP owned about 0.06% of NMI at the end of […]
Greece to allow visitors from 29 countries next month, but not UK
The popular tourist destination was quick to impose a lockdown.
Madison Wealth Management Buys 1,967 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Madison Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 666.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,262 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com accounts for about 1.8% of Madison Wealth […]
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Greece to open to tourists from 29 countries from June 15
Europe News: ATHENS: Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
Bear captured after chase through residential neighbourhood in Barrie
Police urged residents in a Barrie neighbourhood to remain in their homes as they chased black bear that was roaming through backyards in the area on Friday morning.
Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes
-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo
Planning for major projects at industrial and residential development underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
Sensex, Nifty close higher for third straight session: Key factors behind the share market rally
Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks
Mengis Capital Management Inc. Sells 204 Shares of Apple Inc. (NASDAQ:AAPL)
Mengis Capital Management Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,222 shares of the iPhone maker’s stock after selling 204 shares during the period. Apple comprises about 6.7% of Mengis Capital […]
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
DraftKings Stock Will Keep Benefitting from Multiple Strong Trends
DraftKings stock will be boosted by the popularity of iGaming and the resumption of professional sports leagues.
PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)
PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]
Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake
There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.
Spain's government pushes through basic income guarantee to fight poverty
The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme tha…
Huawei Nova Lite 3 Plus launches in Japan with GMS for 24,800 Yen ($231)
Huawei has launched a new budget smartphone in Japan dubbed as Nova Lite 3 Plus with GMS (Google Mobile Services). This handset is a rebranded P Smart 2020 launched earlier this month in Europe. It comes in a single 4GB RAM + 128GB ROM variant and costs 24,800 Yen ($231). Huawei Nova Lite 3 Plus …
EasyJet to cut 30% of staff and reduce fleet
THOUSANDS of easyJet staff are to lose their jobs, the airline has announced as it restructures following the coronavirus pandemic.
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
EU weighs China policy amid concern over Hong Kong moves
The ministers, holding talks via videoconference, are weighing the need for firm policy against the damage that it might do to business ties between the Asian economic giant and the world’s biggest trading bloc.
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Having lost their jobs, Tamils in Bahrain want to return home
Some want Kollywood actors to sponsor air tickets for labourers
Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]
GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent
The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.
NEET PG counselling round 2: Registrations to begin from June 3, check schedule
A list of 8983 candidates who have been allotted colleges in round 1 of counselling has also been released and another list of 330 students who are selected to appear for the second round of counselling is out.
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
Britain urges China to reconsider Hong Kong law: PM's spokesman
LONDON (Reuters) - Britain has urged China to reconsider imposing a new security law on Hong Kong and hopes Beijing is listening, a spokesman for Prime Minister Boris Johnson said on Friday.
Fusion Family Wealth LLC Has $325,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
Fusion Family Wealth LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the iPhone maker’s stock after selling 68 shares during the quarter. Apple makes up […]
First-quarter GDP worst showing since 2009: StatCan
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
Govt unlikely to press for hike in GST rates for non-essentials next month
However it will have to find ways in which essential and non-essential items can be segregated
Should You Invest in Companies Likely to Benefit from the Great Lockdown?
Is this a recipe for disaster, or could you beat the market by aiming to predict the future?
Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trust
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. […]
GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%
Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
Kathmere Capital Management LLC Purchases 3,849 Shares of Apple Inc. (NASDAQ:AAPL)
Kathmere Capital Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 68.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,509 shares of the iPhone maker’s stock after buying an additional 3,849 shares during the quarter. Apple accounts for 0.9% of […]
Mamata Banerjee announces relaxations from June 1
West Bengal Chief Minister Mamata Banerjee announced a series of relaxations from June on Friday, while claiming that the number of coronavirus cases is increasing in the state due to the massive infl
Planning approval sought for higher density housing estate in Clonmel after An Bord Pleanala’s rejection of application for less homes
A new planning application for the former Eircom site on Clonmel's Thomas Street is seeking permission to build close to double the number of dwellings of a previous proposal for the land that was &nb...
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce
Greece to allow visitors from 29 countries next month, but not UK
The popular tourist destination was quick to impose a lockdown.
Apple Inc. (NASDAQ:AAPL) is Canton Hathaway LLC’s 4th Largest Position
Canton Hathaway LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,627 shares of the iPhone maker’s stock after selling 153 shares during the quarter. Apple makes up 2.1% of […]
Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)
Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]
Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)
Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]
A quarter of jobs at Belfast International Airport set to be cut
Airport boss warns it will take "years" for air travel to return to normal has he confirms plan to cut 45 jobs.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
Heritage Investors Management Corp Sells 8,501 Shares of Apple Inc. (NASDAQ:AAPL)
Heritage Investors Management Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,454 shares of the iPhone maker’s stock after selling 8,501 shares during the quarter. Apple makes up […]
The UK wants to join with Trump to form a new global alliance to end China's grip on 5G
The UK wants to create a new global alliance to reduce China's dominance of emerging 5G technology.
Apple Inc. (NASDAQ:AAPL) Shares Acquired by Noesis Capital Mangement Corp
Noesis Capital Mangement Corp lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,412 shares of the iPhone maker’s stock after buying an additional 541 shares during the period. Apple […]
Xiaomi and Samsung receive Suraksha certification in India; stores to reopen
As companies slowly look to resume operations with their stores, here’s what shopping in “the new normal” will be like.
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic view shall be taken to allow taxpayers to make the quarterly payment of TDS under Rule 30(3).
Ajit Jogi, first chief minister of Chhattisgarh, dies at 74
Ajit Jogi had served as the CM of Chhattisgarh from November 2000 to November 2003 in then Congress government, after the state was carved out of Madhya Pradesh.
Pakistan plans to raise $1.5bn in Eurobonds, officials say
Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With
Zscaler Stock Is Thriving as More People Work From Home
The cloud-based security upstart’s growth is set to accelerate with a little assistance from a nationwide lockdown.
Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20
Business Standard brings to you the top headlines of the day
Greek Mayor Says Town Will Not Accept Any More Migrant Transfers From Aegean Islands
MOSCOW (Sputnik) - The mayor of the northern Greek town of Grevena has said that he will no longer accept any more transfers of migrants and asylum seekers from camps...
Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser
The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.
June 2020 week one fuel price – RON 95 goes up to RM1.43, RON 97 to RM1.73, diesel up 10 sen to RM1.61
Another Friday, which means its time for the regular weekly fuel price update. Not so pleasant news yet again for motorists as fuel prices continue on an
Central Vista: new buildings on KG Marg, Africa Avenue proposed for relocating govt offices
Projects to construct ‘steel structures’ were considered by DUAC on April 23 and May 15, but not passed
Syria’s Rami Makhlouf relinquishes assets to charity
DUBAI: Rami Makhlouf, one of the richest men in Syria, is relinquishing his assets to his charity Ramak Humanitarian, newspaper Asharq Al-Awsat reported. His shares in several banks and insurance companies will not be transferable or sellable, Makhlouf said. In another video message on Facebook, the businessman said he was “very relieved and euphoric” to transfer the
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward on Thursday as private creditors laid out a blueprint for their involvement, though it received immediate criticism for not going far enough.
Alphonso mango farmers shun middlemen; relish sweet taste of self-reliance
Despite the lockdown, this year, mango farmers in the Konkan region of Maharashtra reaped handsome gains. Breaking from the past practice of selling their produce to middlemen, they sold their produce
Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks
The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).
Cash-strapped hotel workers "having to use foodbanks"
Staff lose out after a mix-up excludes them from HMRC furlough scheme
CWB Financial reports Q2 profit down as provisions for credit losses soar
EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Ottawa’s increase to the expected cost of emergency relief program indicates more workers will remain unemployed
The delayed launch of the wage subsidy program, combined with restrictions and complexities in the application criteria, contributed to employers’ reluctance to make use of the initiative
Writing Puts For Income With Downside Protection
Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr
Hong Kong media tycoon vows to stay and 'fight' China, backs U.S. pressure
HONG KONG (Reuters) - Embattled Hong Kong publishing tycoon Jimmy Lai - one of the financial hub’s most prominent democracy activists - said on Friday he would fight till the last against Beijing’s imposition of national security laws and keep publishing.
Aloha Stadium Swap Meet intends to hold soft reopening in June | Honolulu Star-Advertiser
Aloha Stadium intends to hold a soft reopening of the Swap Meet and Marketplace in June, stadium Manager Scott Chan told the Stadium Authority on Thursday.
Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:
20 Lakh Crore Economic Package Was A Show Off By The Government: Abhishek Manu Singhvi
Senior Congress leader Abhishek Manu Singhvi attacked the government over a faltering economy. 'GDP is falling continuously,' he said adding that the 20 lakh crore economic package is a mere show-off by the government.
UK to open 'path to citizenship' for Hong Kong's UK passport holders
An estimated 300,000 Hong Kong residents were granted British Nationals (overseas) passports before the territory was handed back to China in 1997.
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
Butlin's announce update following rumours of reopening soon
Holidaymakers flock to the seaside resort in Skegness every year
Market LIVE: Sensex ends 600 pts up from day’s low, Nifty settles at 9,568; HDFC, ITC among top contributors
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 turned positive in the late afternoon deals on Friday. Nifty 50 index reclaimed 9,500-mark to trade at 9,521
USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply
The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Michigan residents could fall victim to predatory identity theft scams that make false unemployment benefits claims during the pandemic, the UIA warns.
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
Statistics Canada expected to report GDP down nine per cent in March
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.
ITC Hotels partners with Swiggy to offer dining options to customers
ITC Hotels had tapped into the food and beverage take-away model across the country recently. The chain said the association with Swiggy is aimed at reaching a much larger customer base.
Northern Trust Enters Strategic Alliance with BlackRock
Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
ATK-Mohun Bagan merger came as a shock ahead of Kolkata Derby, recalls Gurjinder Kumar
Mohun Bagan merged with ISL outfit ATK midway through last season, which came in as a surprise for many of their footballers. Gurjinder Kumar, a member of Mohun Bagan's I-League winning squad, recollected his memories of the day when the news came crashing down a few days before the Kolkata Derby.
China threatens UK with ‘countermeasures’ if it eases passport rules for Hong Kongers
BEIJING, May 29 — China today threatened the UK with reprisals for saying it could offers Hong Kongers a pathway to British citizenship if Beijing goes ahead with a new national security law in the Chinese territory. Beijing “reserves the right to take corresponding countermeasures,” foreign...
CannTrust back in business
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
GBP/USD: The pound is set to see losses amid geopolitical strains
GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month
Delhi, West Bengal not yet distributed May month quota of free foodgrains under PMGAY: Ram Vilas Paswan
On distribution of one kg free pulses per household under the PMGAY, Paswan said states have lifted 1.68 lakh tonnes of pulses and are yet to provide month-wise distribution of the same. The progress report is awaited.
Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why
Bitcoin has been on an impressive rally over the past two months.
Europe moves ahead with lockdown easing, but caution in Asia
Several European countries including France and Britain on Thursday moved to further lift crippling coronavirus lockdown measures, but fresh restrictions in parts of Asia signaled the crisis is far from over.
Shamika Ravi plagiarism row: ISB says economist 'not permanent faculty'; Brookings pulls 2019 paper from website
Two days after the Indian Express withdrew a piece by economist Shamika Ravi over allegations of plagiarism, the Indian School of Business took to Twitter to state that Ravi was not a permanent faculty at the institute, but rather an adjunct faculty who
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers
The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.
Discounted Alibaba Stock Is a Tempting Buy Now
Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.
GST Council may find it difficult to raise GST rates
It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April
After Facing Uproar, TTD Decides Not To Sell Or Auction Any Property
Facing a backlash for their recent decision to auction some properties in Tamil Nadu, authorities of the Sri Venkateswara temple on Thursday (28 May) decided not to dispose of any property.
Ajit Jogi, first chief minister of Chhattisgarh, dies at 74 in Raipur
Former CM Ajit Jogi had been undergoing treatment at a private hospital in Raipur, Chhattisgarh after he suffered a cardiac arrest on May 9 of this year.
Nearly 1.5m payment holidays handed out by banks and lenders
UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.
Crude oil prices fall but remains set for biggest monthly gain in years
US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.
Will Zimbocash Succeed Where Others Failed As Alternative Currency?
Zimbabwe’s crypto community got lit up when it was reported that Zimbocash, a local cryptocurrency was listed on Bithumb. Whether Zimbocash will suceed.
Avoid GE Stock? Depends if You’re Trading or Investing
General Electric may not make for a great investment, but GE stock it has some upside and a well-established bottom.
Looking for ECB to expand PEPP by €500 billion – TD Securities
Previewing the European Central Bank's monetary policy meeting next week on June 4th, "the focus of the June meeting will likely be the expansion of t
Stifel Financial Corp.: A New 6.125% Preferred Stock IPO Trading At A 4.50% Premium
Stifel Financial Corp.'s new preferred stock, SF-C, is trading above its PAR, having a YTW of 5.12%. Company's leverage and liabilities' payments look solid. SF
Seeks RBI intervention over interest rate cuts
Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
China Misleads on Hong Kong Support for New Security Law
Last year’s overwhelming win by pro-democracy forces in Hong Kong’s election and recent polls show majority disapproval of Chinese government authority in the city.
Labor calls to lift cap on home-loan deposit scheme to help construction
Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.
Crushing It: Splunk's Strong Fundamentals Drive Stock Higher
Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license
Tencent in talks to buy Warner Music stake: WSJ
(Reuters) - Chinese internet giant Tencent Holdings Ltd (0700.HK) is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported here on Friday.
Nissan Kicks Has More Power Than Skoda Karoq For Half Its Price
The Kicks is powered by a Mercedes-Benz derived 1.3-litre turbocharged petrol engine developing 156 PS maximum power and 254 Nm torque
Labor calls to lift cap on home-loan deposit scheme to help construction
Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.
China's Hong Kong law 'grave concern', sanctions no solution: EU
The European Union has criticised China for asserting more control over Hong Kong and suggested the move would have an impact on China-EU relations - but the 27-nation bloc ruled out taking any action against its major trading partner.
GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled
Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11
MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
Labor calls to lift cap on home-loan deposit scheme to help construction
Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.
Cush Jumbo exits ‘The Good Fight’ ahead of Season 5
She originated the role of attorney Luca Quinn on CBS' "The Good Wife."
Why Macy’s Stock Can Climb 70% Higher in 2020
Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.
UK sets out Hong Kong ‘path to citizenship’ plan
Nearly three million people could be eligible for the scheme.
Ganjam-bound workers stop Shramik train by pulling chain
The train had not halted at two overcrowded stations near their destination, leading to panic
Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats
Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.
Chartered Flights: Sohail Rahman, Morshed Khan, wives off to UK
Beximco Chairman Sohail F Rahman and former BNP leader M Morshed Khan along with their wives left for the UK on chartered planes amid coronavirus travel restrictions.
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Alibaba Stock Bulls Shouldn’t Sweat Delisting
A new hurdle for Alibaba stock is a push to delist Chinese stocks over strict accounting rules, but long-term investors should be fine.
China is using its coronavirus wins to push Xi’s brand of communism on the international stage
The Chinese Communist Party and state media have stepped up their rhetoric against the West.
UK PM Johnson and U.S. President Trump criticise China's Hong Kong plan
LONDON (Reuters) - British Prime Minister Boris Johnson and U.S. President Donald Trump said on Friday that China's plan to impose national security legislation on Hong Kong would undermine the territory's autonomy
Why India needs to put cash in the hands of the poor
GoI has sedulously avoided direct disbursements to wage labourers who have no jobs and no recourse.
Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada
Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.
Portugal approves third phase of lockdown exit, Lisbon takes it slow
LISBON (Reuters) - Portugal gave the green light on Friday to the third phase of its lockdown exit, but some restrictions will remain in Lisbon due to localised outbreaks in industrial hubs and outskirts.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
TTD to release white paper on all its immovable assets
Details to be uploaded on official website in order to usher in more transparency
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden reported its gross domestic product grew at an annual rate of 0.4 percent from January through March, perhaps as a result of not imposing a full lockdown.
RYB Education Inc (RYB) CEO Yanlai Shi on Q1 2020 Results - Earnings Call Transcript
RYB Education Inc (NYSE:RYB) Q1 2020 Results Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Serena Xue - Investor Relations Yanlai Shi -
Student Loan Refinance Marketplace Splash Financial Raises $12.3 Million Through Series A Funding Round Led By CMFG Ventures & Northwestern Mutual Future Ventures
Splash Financial, a U.S.-based student loan refinance marketplace, announced earlier this week it secured $12.3 million through its Series A investment round, w
Coronavirus in Ballarat: Real estate sales in rural areas increase
"Perhaps there will be an uptick in demand for those kinds of properties as people look to have a bit more land around them"
Morgan Stanley plans June return of some traders to New York headquarters: CNBC
(Reuters) - Morgan Stanley (MS.N) is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.
FDI inflows from Caymans triple
FDI inflows from Singapore fell to $14.7 bn in FY20 from $16.2 bn in the previous year, but held on to its No.1 ranking
What We Are Buying Today: Mishkat
Mishkat is a Saudi fashion brand concept that champions modesty and self respect. It offers modern, creative designs that are locally inspired and give off a vibe of elegance mixed with simplicity and trendiness.
Stocks tumble as Wall Street awaits Trump’s China salvo
US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4
Olympus' (OCPNF) Management on Q4 2020 Results - Earnings Call Transcript
Olympus Corporation (OTC:OCPNF) Q4 2020 Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Chikashi Takeda – Chief Financial Officer Akihiro
Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says
Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...
PM Modi's letter to the people of India: A year after the start of his second term in office
From 2014 to 2019, Indias stature rose significantly. The dignity of the poor was enhanced. The nation achieved financial inclusion, free gas and electricity connections, total sanitation coverage, and made progress towards ensuring ‘housing for all.
GDP Growth Rate In FY20 Better Than Expected At 4.2 Per Cent; 4th Quarter Growth Rate Plummets To 3.1 Per Cent
As per the data released by the government, India reported a better than expected growth of 4.2 per cent in FY20, reports India Today. Although the figure marks the lowest growth rate in 11 years, the performance is higher than what many experts had forecast.
BEST not to charge migrant workers for ride to railway station
Move follows Supreme Court order
Americans Turned Less Gloomy About The Economy in May
Current conditions look better than they did a month ago but the outlook for the future is grimmer. |
UK PM Johnson and U.S. President Trump criticise China's Hong Kong plan
LONDON (Reuters) - British Prime Minister Boris Johnson and U.S. President Donald Trump said on Friday that China’s plan to impose national security legislation on Hong Kong would undermine the territory’s autonomy.
U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Become Slightly More Risk Seeking During The Week
For the thirteenth consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs). Fund investors were
Bio-Rad: A Very Interesting Short-Term Investment Thanks To Gains On Sartorius Holding
Bio-Rad's 2 Core business divisions: Life Sciences and Clinical Diagnostics posted so-so results in Q120 delivering net profits of $74m. Although both divisions
Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
3 Reasons to Still Trust High-Flying Wayfair
The economy is just turning around, which would benefit the online furniture retailer.
Despite Catalysts, Penn Stock Remains a Sell
There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.
Millions of BN(O)s in Hong Kong could be eligible for UK citizenship
The Government estimates there are around 2.9 million BN(O)s currently in Hong Kong.
Forecast: Pleasant conditions expected through the weekend
Breezy trade winds with mainly windward showers are expected through the weekend.
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
Chile, Peru secure credit lines from IMF amid pandemic
(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
India quarterly growth worst in two decades as lockdown bites
MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...
Puspure: Ireland could lose Olympic prospects to retirement if 5km restriction not eased
Olympic medal hope Sanita Puspure has warned that unless the Government gives athletes special dispensation to return to training facilities then hopes of Tokyo glory will be lost and some Irish competitors could retire.
Dundalk Shoppers: New 'Traffic Light' queue system to be rolled out at Lidl stores
Lidl Ireland are introducing a new Covid-19 queue management system designed to control the number of customers entering and exiting the store at any one time, in order to maintain social distanc...
Fiscal deficit widens to 4.6% of GDP in 2019-20
As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Cryptocurrency Exchange & Custodian Gemini Announces New Partnership With Samsung
Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, announced on Thursday it is collaborating with Samsung Electronics to power the Sam
PM Imran calls important NCC meeting on May 31
PM Imran Khan calls important NCC meeting on May 31.
UP’s economic activity returning to normalcy; here’s what industrial power demand data shows
After two successive months of depressed economic activity, industrial power consumption in UP, this week, crossed 90 per cent of the average consumption recorded in February.
Places of worship to open from June 1; private, govt offices with ‘full strength’ from June 8 in West Bengal
West Bengal Chief Minister Mamata Banerjee on Friday – two days before the lockdown 4.0 to end -- said that all places of worship in the state will.
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
UK plans new 5G club of 10 countries, including India, to reduce reliance on China, says report
The British government has approached the US with the prospect of creating a 5G club of 10 democracies, including India, amid growing security concerns related to Chinese telecom giant Huawei, according to a UK media report.
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
Meet the 19-year-old CEO who started a professional Minecraft building company
The creativity that Minecraft inspires has led to an industry of professional builders.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: P Chidambaram
"Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only 7 days," the former finance minister said.
RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank
The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore
The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.
Concession in fixed charge of power bills
The government has decided to grant 25% concession in the fixed charge of the power bills of commercial and industrial units and private hospitals for March, April and May and granted time up to Decem
Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock
MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Endeavour receives shareholder approval for Semafo merger
Endeavour Mining has announced that its shareholders have voted “overwhelmingly” in favour of its acquisition of Semafo, which was announced in March.
Millions of BN(O)s in Hong Kong could be eligible for UK citizenship
The Government estimates there are around 2.9 million BN(O)s currently in Hong Kong.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Why some commercial landlords evict tenants and let properties sit vacant
Amid calls for provincial moratorium on commercial evictions, Premier Doug Ford says he doesn't understand why properties sit vacant
EUR/USD: Outside overbought territory bulls will keep at the helm
Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed
Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
China asks Western nations to stay out of its internal matters in Hong Kong
A joint statement issued by US, UK, Australia and Canada stated that China's decision to impose the new national security law on Hong Kong lay in direct conflict with its international obligations under the principles of the legally binding, UN-registered Sino-British Joint Declaration and said that it would undermine the "one country, two systems" framework.
Minimum Wage Hikes And Handouts -Sounds Like Labour
“It sounds like Labour, is what I’m already hearing about National’s promise to raise the minimum wage regularly while handing out money to businesses,” according to ACT Leader David Seymour
Samsung Exclusive Stores in India are now certified for safety by Suraksha
Every Samsung Exclusive Store in India is now Suraksha-certified to ensure consumer safety during the COVID-19 pandemic. Suraksha (meaning 'protection' in Hindi) is a public private initiative that a
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
USD/CAD rebounds from multi-month lows, trades above 1.3770
The USD/CAD pair dropped to its lowest level since early March at 1.3713 during the early trading hours of the American before staging a decisive reco
Behind Scorsese's 'Killers' Apple Deal: $200M+ Budget, "Low-Risk" for Paramount
The studio balked at a script change that flipped Leonardo DiCaprio’s role: "Smaller scale, same budget."
Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade
Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat
Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.
BMW 6 Series GT dropped from UK and Australian markets
BMW 6 Series GT dropped from UK and Australian markets due to demand. The car was not extremely popular in these markets
This four-port portable charging bank is over 20% off today
ITworld covers a wide range of technology topics, including software, security, operating systems, mobile, storage, servers and data centers, emerging tech, and technology companies such as Microsoft, Google and Apple.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Nissan settles dispute with Tamil Nadu government over unpaid dues of Rs 5000 crore: Report
The Japanese auto major was to receive between Rs 1400 crore (USD 185 million) and Rs 1800 crore (USD 238 million) as per the settlement, said the report.
China faces mounting pressure over Hong Kong security law
China faced growing international pressure Friday over its move to impose a security law on Hong Kong that critics say will destroy the city's ...
Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock
An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
India quarterly growth worst in two decades as lockdown bites
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.
Gold Price News and Forecast: XAU/USD at yesterday’s high [Video]
The outlook for gold remains on a knife edge. Following the rebound from $1693 on Wednesday the market has rallied back into the resistance around the
Bulgarians Amongs the Citizens with the Biggest Financial Lost amid Pandemic
The citizens of Hungary, Bulgaria, Italy, Greece and Spain suffered biggest financial loss amidst the coronavirus pandemic.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Hotels report 82% drop in occupancy; recovery unlikely before September
The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
Retail inflation for industrial workers eases to 5.45% in April: Labour ministry data
Lauding the efforts of the Labour Bureau which collects and released Consumer Price Index-Industrial Workers (CPI-IW), Labour Minister Santosh Gangwar said the 'cost of living index' data collection and release by the bureau in these difficult times during the lockdown is commendable and would go a long way to help in policy making in the country.
Australia's back in business - but nothing is usual
As the lockdown lifts, pubs, restaurants, tourism operators and funeral homes are all changing the way they operate.
Government urged to act before more regional journalism jobs go
Communications Minister Paul Fletcher is under pressure to allow mergers between regional media companies as fears grow of more job losses.
Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data
GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
7 Stocks to Buy to Ride the Vegan Wave
Plant-based foods have become big business in America. And these food stocks to buy show that America is crazy about meatless alternatives.
"Bleak and depressing reading” - Figures highlight retail sector lockdown woes
The latest national retail figures make for “very bleak and depressing reading” as the effect...
The best deals to expect during Amazon Prime Day 2020
Prime Day 2020 is reportedly coming up in September. Here's how to prepare and what types of deals to expect during Amazon's biggest shopping event.
PSNI to step up patrols over weekend as senior officer says R rate has increased
The PSNI are to increase their patrols at resorts, beauty spots and bus and rail stations over the weekend amid warnings that the R rate has risen.
Prices of certain imports such as rice ‘expected to rise’
Bonakele says although prices of essential goods spiked as a result of panic buying, they have since stabilized.
Pakistan resumes int’l flight operations from Saturday
ISLAMABAD: The Civil Aviation Authority (CAA) on Friday announced that Pakistan will resume international flight operations from May 30 (Saturday).“As per decision of the federal government, th
CBI initiates inquiry into financial affairs of Tablighi Jamaat over ‘dubious cash transactions’
Sources said a case has been registered on the basis of a complaint from the Foreigners Division of the Ministry of Home Affairs alleging that the organisation has violated Foreign Contribution Regulation Act (FCRA).
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
Spain govt okays basic income scheme to tackle poverty
Spain's leftwing government approved a minimum basic income scheme on Friday to tackle a spike in poverty stemming from the virus crisis that has forced many families to rely on food aid.
Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?
From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.
Millions of BN(O)s in Hong Kong could be eligible for UK citizenship
The Government estimates there are around 2.9 million BN(O)s currently in Hong Kong.
Brookfield open to working with other Virgin bidders
Brookfield is back in the Virgin race. A big weekend of negotiations loom, but only two bidders can be allowed to go past Monday.
Auto index outperforms benchmark Sensex for second straight month
In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)
National cabinet to shift focus from fighting virus to rebooting economy
While the health response to the coronavirus pandemic continues , the prime minister is hoping to elevate a debate on boosting productivity.
USDA’s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon
SNAP benefits will now work for buying groceries on Amazon and other associated partners in up to 25 states.
CM Amarinder Singh's Demand, Central Government should give 10-10 Thousand Rupees to the Poor -
Punjab Chief Minister Captain Amarinder Singh on Thursday demanded the Central Government to provide ten thousand rupees to the poor
ASB Quarterly Economic Forecast: Fast and furious
New Zealand is emerging out of lockdown into a very different world to the one we all heralded in at the start of the year, and although for us the health crisis may be easing, the economic one is only just starting.
Capital Iron building part of 6.7 acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Budget deficit hits $40b and still rising
The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.
Renault to restructure factories, confirms 15,000 job cuts
News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
Lagos BRT increases fares by 50%
Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Energy Transfer: Showing The Strength Of The Midstream Model
Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies
Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.
French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs
Top official admits that manufacturer had been spending way too much, plans 10% job cuts
Poland: NBP surprising cut leaves room for the zloty to weaken – TDS
The NBP has again surprised the consensus by cutting rates by 40bps to 0.1%, economists at TD Securities apprise. EUR/PLN trades at 4.4563 after risin
Non-essential shops to reopen: What shops will it include and when will it happen?
The government has unveiled a full list of the shops which will be allowed to reopen in England under new guidelines from 15 June. The measures are part of the second phase in Boris Johnson’s roadmap
'A world of uncertainty': Waratahs sweat on revised broadcast deal as changes loom
Until Rugby Australia can provide greater clarity on a new broadcast deal with Fox Sports, the Waratahs and other franchises will remain in limbo.
'A world of uncertainty': Waratahs sweat on revised broadcast deal as changes loom
Until Rugby Australia can provide greater clarity on a new broadcast deal with Fox Sports, the Waratahs and other franchises will remain in limbo.
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed
The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling
Ruling on plea of sugar mill owned by Sharifs reserved
The plea pertains to the SECP's non registration of the mill's shares.
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
Weekly Sentiment Indicators Improving
33.07% of respondents in AAII's weekly sentiment survey reported as bullish this week, up from 29% last week. After the 1.17-percentage point decline to 42.13%
Renault announces nearly 15,000 job losses worldwide
Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.
365 days after ‘O to Ge’ revolution in Kwara
BY OLUKAYODE THOMAS In Kwara’s 53-year history, few politicians have offered to serve the state like Governor Abdulrasaq. From contesting to be the State’s Governor to Senator, Abdulrasaq has offered to
MobiKwik taken down from Play Store over ad policy violation, reinstated later
MobiKwik has alleged that the deceptive ad in question was related to Aarogya Setu and their app was removed because they carried a link to it
Pakistan: Investigators find Rs 30 million in cash in crashed PIA aircraft wreckage
Investigators and rescue officials have found around Rs 30 million in cash in the wreckage of the Pakistan International Airlines' aircraft that crashed wth 99 people on board, killing 97 people,...
How private equity is a risky play for the economy and jobs
Beyond the stock market and big banks, one of the biggest players in the economy operates with no regulation and an often-destructive track record.
WTI struggles to cheer USD weakness, drops 1.40% in Asia
WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea
P&ID: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes - Premium Times Nigeria
ast year, the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined.
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
Capital Iron building part of 6.7-acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
B.C. Transit expands HandyDART fleet in Victoria, with more to come
B.C. Transit has added 13 new buses to Victoria’s HandyDART fleet, with a further 15 expected to start service in Nanaimo in mid-June. The buses serve people with mobility issues that prevent . . .
Job security of migrant workers depends on employers, economy
The job security of migrant workers who return to work after quarantine will depend on their employers and the state of the economy, said National Development Minister Lawrence Wong yesterday. He was responding to a question from a reporter who noted that migrant workers,...
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
Bannon: World must stop China in Hong Kong
Via The Wire comes Steve Bannon:
Commentary: Embattled China knows its national priority is the economy
Notwithstanding controversy over a Hong Kong security law and brewing tensions with the US, proceedings at the National People’s Congress and ...
Exclusive: Inside multi-billion naira ‘fraud’, contract racketeering in PTI
AUDU Oshiokhamele, Chairman of PENGASSAN Effurun branch, has accused Professor Sunny Iyuke, the Chief Executive of the PTI of a N5.8bn fraud.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.
Gold: Strongly rejected at $1727.37
The trend on the hourly chart below is still firmly down. This current wave higher could be the next lower high and there could be some signs of a rej
'No cards left': Hong Kong residents sell up and search for way out as China cements grip
Web searches for emigration rose ten-fold after news came through about China’s approaching national security laws
Breaking: Andhra High Court orders govt to continue Nimmagadda Ramesh Kumar as SEC
In a major blow to the government of Andhra Pradesh government, the High Court on Friday has delivered as sensational verdict on former State Election Commissioner Nimmagadda Ramesh Kumar's case.
Renault to cut 15,000 jobs
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Shanghai to extend Ighalo’s United loan deal
Solape Lawal-Solarin Odion Ighalo looks set to remain at Old Trafford for the rest of the season as his Chinese club, Shanghai Shenhua, reconsider their initial stance to recall him. The former W...
Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant
Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.
Chhattisgarh’s first Chief Minister Ajit Jogi dies, aged 74
Chhattisgarh's first Chief Minister Ajit Jogi died on Friday after battling for life for more than 20 days. The 74-year-old bureaucrat-turned-politician suffered a cardiac arrest.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
CBI opens probe into cash transactions of Tablighi Jamaat
Foreign funds given to the organisation are also under the scanner
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
Charities find new ways of raising money during lockdown
Strip and Dip skinny dip and Cycling Ireland take events online in bid to raise funds
Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense
True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat
Paul Merson says transfer market mess will 'help' Arsenal boss Mikel Arteta
I think this situation helps someone like Mikel Arteta.
FG gives update on programme to employ 774,000 Nigerians
The federal government on Thursday, May 28, gave an update about its plan to employ at 1,000 persons from each of the 774 local government areas in Nigeria.
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
7 5G Stocks to Buy for the Future of Telecom
Sure, many investors are still obsessing over the coronavirus, but it's time to invest in the future. That's why these 5G stocks are buys now.
Wall Street Breakfast: U.S.-China Tension Ratchets Up
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Modi 2.0 fulfils BJP’s core agenda in first year, but Covid-19 throws new challenges
The Modi government executed its ideological agenda at a vigorous pace in its first year in office in its second term, but the economic devastation wrought by Covid-19 has presented the saffron dispen
AMD Stock May Look Weak, but There’s Still Lots of Opportunity
It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
'A dud deal': Opposition promises to scrap BRI deal with China if elected
Opposition Leader Michael O'Brien said the Belt and Road Initiative with China was not in the state's interest and he would abolish it, if elected.
Trafford Council lends Manchester Airport nearly £13m as part of major loan package
Concerns have previously been expressed about the authority's level of borrowing by its own councillors
Epiroc secures contract from Codelco for Chuquicamata mine in Chile
Epiroc has secured a large equipment and service contract from Chilean state-owned copper miner Codelco for use at its Chuquicamata mine in northern Chile.
First Horizon National: A 6.5% Yield Your Portfolio Should Have
First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo
KL-Singapore High Speed Rail construction suspension extended beyond May 31
SINGAPORE, May 29 — The suspension of the construction of the 350-kilometre Kuala Lumpur-Singapore High Speed Rail (HSR) project may be extended beyond May 31, 2020. “Malaysia had asked to extend the suspension period to allow both sides to discuss the changes they have in mind. “We are...
Brexit Boost: Nissan Backs Britain as It Pulls out of EU
Japanese carmaker Nissan has announced that it will retain its plant in Sunderland, England, but will be closing its factories in Spain.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping
Russia says Libya ceasefire in tatters, situation deteriorating: agencies
MOSCOW (Reuters) - Russia’s foreign ministry said on Friday the situation in Libya was continuing to deteriorate and that a ceasefire there was in tatters, the RIA news agency reported.
Apple’s Deirdre O’Brien in Top Five of Inaugural ‘Queer 50’ Business Leaders List
Apple's VP Deidre O'Brien was named at number of five in Fast Company's first-ever 'Queer 50' list - the highest-ranked tech exec.
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
Job-seekers targeted in upfront fee scam
Recruitment firm claimed farm workers needed criminal background checks
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Core sector output contracts 38% in April owing to stalled economic activity
In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
New York gold traders are drowning in a glut they helped create
Shutdowns strangle supply routes that allow physical bullion to move around the globe
BharatPe’s card-accepting machinewith zero MDR may go live in June
Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be
Lifetime community rating leads to rise in low cover plan purchases
Research suggests many first-time buyers bought cheap plans with limited benefits
Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund
Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.
AUD/USD trades at fresh session highs near 0.6660 ahead of key US data
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over
Consumer confidence up for first time in five months in Japan
The figure is the second-lowest since April 2004 and lower than the 27.5 posted in January 2009 during the global financial crisis.
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
The UK's biggest building society says struggling applicants should be flagged to lenders.
Lockdown 4.0 May Be Last Of Its Kind; Economic Revival Is Now Everybody’s Priority
We should see June as the transition month for a changeover from Lockdown 4.0 to Revival 1.0.
Got $3,000? Here Are 3 Great Biotech Stocks to Buy Right Now
One big biotech and two small biotechs especially stand out as attractive picks.
CWB reports Q2 profit down as provisions for credit losses soar
CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
Singapore says Malaysia wants further deferral of joint rail project
SINGAPORE (Reuters) - Singapore said on Friday it was reviewing a request by neighbouring Malaysia to further suspend a high speed rail project set to link the city-state to Malaysia’s capital Kuala Lumpur.
Funds recommend keeping equity allocations on hold at 7-month low: Poll
Asset managers were almost evenly split on whether this year's lows for key indexes would be revisited.
Asia’s pension reforms call for a multi-pillar approach
As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.
You can now get a delivery even if supermarkets have no slots free
The service allows you to get someone else to do your shopping and bring it to your house
Bosses set to be told to pay towards furloughed workers' salaries from August
The government is currently subsidising 80% of some workers' wages but has warned that the scheme cannot run "indefinitely"
UL agrees to refund student accommodation costs
The University of Limerick has announced that rent paid by students who then had to vacate their student accommodation because of the Covid-19 health crisis, will be refunded to them.
China faces mounting pressure over Hong Kong security law
US, Britain succeed in securing an informal discussion at the UNSC as Canada and Australia too criticise planned law.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
Amitabh Bachchan Sends Migrant Workers to Uttar Pradesh From Mumbai in 10 Buses
Amitabh Bachchan, like Sonu Sood and others, helps migrant workers reach their home in Uttar Pradesh. He teams up with the Haji Ali Trust and Pir Makhdum Trust to send 10 buses.
Modi’s Rs 21 lakh cr package not enough; industry says govt needs to do this for companies to survive
Given the major disruptions caused by the coronavirus pandemic, the industry has asked for increased government spending, direct cash transfers to consumers, and deferment of taxes.
Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%
Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Citi indicator sees 70% chance of market losses from here
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
'A dud deal': Opposition promises to scrap BRI deal with China if elected
Opposition Leader Michael O'Brien said the Belt and Road Initiative with China was not in the state's interest and he would abolish it, if elected.
Output of eight infrastructure sectors contracts by 38.1% in April
During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively
EFF, Public Protector lose ConCourt bid to appeal interdict against Gordhan remedial action
The Constitutional Court has dismissed an application which the EFF and Public Protector lodged in a case involving Public Enterprises Minister Pravin Gordhan.
Williams set to sell Formula One team following financial losses
Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...
RBI imposes monetary penalty on 4 banks
The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat
Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan
Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently
Non-payment of dues since lockdown: Notice served to Statue of Unity contractor L&T
On Friday morning, the SoU management in a statement confirmed that L&T, which has constructed the statue and is also responsible for the maintenance of the site, had defaulted on the payment of wages to its outsourced employees -- mostly the housekeeping staff and security personnel.
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]
Foreign Exchange Reserves Soar To Record High Of $490.04 Billion
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
UK PM's senior adviser Cummings considers quitting later this year: Daily Mail
(This May 28 story corrects paragraph 3 to make clear police were referring to Cummings’ trip to Barnard Castle, not his London-northern England trip)
EU weighs China policy amid concern over Hong Kong moves
The ministers, holding talks via videoconference, are weighing the need for firm policy against the damage that it might do to business ties between the Asian economic giant and the world's biggest trading bloc.
Vietnamese cops bust $2.6bn online gambling ring
Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust of its kind in a country where most gambling is banned but remains rampant.
Newcastle reveal they have almost doubled profits in last 12 months and Mike Ashley paid for Sports Direct advertising
The latest Newcastle United club have accounts have been published
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
Insider Shares What Patrick Mahomes’ Contract Extension Could Look Like
After one of the best three-year stretches to start an NFL career, Chiefs QB Patrick Mahomes is ready for a new contract.
'Historic measure': Spain backs minimum income for most vulnerable
"A country does not prosper if it leaves out part of its population," said Spain PM Pedro Sanchez as his government backed the introduction of a minimum income for the country's most vulnerable.
Corona cess on liquor: Delhi HC seeks detailed reply from Kejriwal government
The Delhi government, in its earlier affidavit, has opposed the petitions which have challenged a May 4 notification levying a 'special corona fees' on liquor in the national capital.
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
Hong Kong on borrowed time as China pushes for more control | Honolulu Star-Advertiser
BANGKOK >> Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status.
Etsy: A Niche E-Commerce Poised For Growth
Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t
Global champagne sales fizzle amid coronavirus pandemic because people aren't celebrating
Now this is just cham-painful.
Williams: "Expecting to have new investors within four months"
Due to the breakup of the short marriage between ROKit and Williams, the British team has to look for a new title sponsor. The team has ridden under the name of ROKiT for one season, but before the 2020 season has started, the old team has to start looking for a new sponsor.
Debate over USD 600 in jobless aid to intensify as claims rise
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.
Sony on track for PS5 launch despite supply-chain challenges
Latest PlayStation console expected to launch globally in the final quarter of 2020
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
India’s housing sector facing its worst-ever crisis: CREDAI
IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis
The numbers are in, and Johnson's government really is world-beating
It’s not just Cummings. They’re all determined to just style out this whole ‘60,000 dead’ thing, says Guardian columnist Marina Hyde
The End Of AMG's V8 Has Begun
Mercedes-AMG and V8s go together like ice-cream and chocolate sauce, or at least they used to. Rumors have ...
Chhattisgarh's first chief minister, Ajit Jogi, dies at 74
Jogi enjoyed support among tribal and scheduled caste communities because of his easy accessibility.
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
Quarterly growth slides to 3.1 per cent, more pain feared
Worries centre around Covid surge, slow recovery
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
Over 39,000 sign petition for Myka Stauffer to remove monetized YouTube videos of re-homed son, Huxley
Over 39,000 people have signed a petition calling for youtuber Myka Stauffer and her husband, James to take down monetized videos of their adopted son, Huxley who they revealed has been re-homed. According to the petition
Greece to accept tourists from 29 countries from mid-June - but Ireland is not on the list
The Greek government imposed an early lockdown, which is credited with limiting the spread of Covid-19.
Texas Ranked Tenth in People Searching for Loans During Pandemic
With so many outlets being forced to close their doors during the coronavirus pandemic, a lot of people are in need of financial assistance.
Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]
Council Approves City Recovery Fund
Wellington City Council has adopted a framework to manage the new Tipu Toa: Build back better, City Recovery Fund.
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
Pandemic pain: Output of 8 core sectors contracts 38.1% in April
As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,
Brazil’s Embraer draws foreign interest after Boeing rift, say sources
SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...
Australia faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be ...
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies
IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re
German official sees Lufthansa bailout in reach, demands fairness
The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20
Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.
ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
EUR/GBP retreats from two-month highs, returns below 0.9000
The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at
Garcetti says Huizar should resign from LA City Council over bribery investigation
Mayor Eric Garcetti and the president of the City Council called Thursday for the resignation of Councilman Jose Huizar, who is the focus of a federal corruption investigation.
[Update: Accidental Rollout] OxygenOS 10.5.9 temporarily removes photochrom filter on global OnePlus 8 Pro
Update OnePlus, in a statement to Android Police, said it had accidentally rolled out the OxygenOS 10.5.9 update, which temporarily removes the photochrom filter on OnePlus 8 Pro global units. A small set of users who have installed the update will be receiving a new OTA to re-enable the filter. Official Statement “This OTA inadvertently …
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Libertex Parent Pays €160,000 to Settle Violations with CySEC
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
India Heads for Recession as GDP Growth Dips to Lowest since 2012
New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...
AirPods Pro vs Apple AirPods: is it worth upgrading to the AirPods Pro?
The AirPods Pro go head to head with the 2019 AirPods.
Stocks recover after Trump's announcement on Hong Kong
May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.
EU Concerned Over Beijing's Move to Develop National Security Bill for Hong Kong
MOSCOW (Sputnik) - The European Union expresses grave concerns over Beijing's decision to develop a security bill for Hong Kong as it contradicts the Hong Kong Basic...
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
GST Council to meet next month; FinMin not for raising rates on non-essential items
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
Essential Properties: E-Commerce-Resistant Real Estate For The Long Term
Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo
Buy Bed Bath & Beyond Stock Before Consumer Spending Surges
Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.
India quarterly growth worst in 2 decades as lockdown bites
India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020
Jharkhand facilitates return of 60 workers from Ladakh by air
PTI New Delhi/Leh Amid heartrending stories of migrants longing to return home, the Jharkhand government on Friday gave a ray of hope to many such strande
Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]
EU says conditions needed in Lufthansa bailout, seeks deal
The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal
The first tranche of US$1.9 billion may be disbursed the following day.
Bears Trade By Day, Bulls By Night
Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn
Now Punjab to seek trains to bring back migrant workers
Even as over 4.84 Lakh migrant workers have returned from Punjab to their native states, the state government now intends to seek trains to bring back.
Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need
The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.
Stocks tumble ahead of Trump's China press conference
May 29 (UPI) -- President Donald Trump's upcoming news conference on China Friday shook up stocks in morning trading on Wall Street, as the White House could respond to the communist country's action against Hong Kong.
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Greece to open to tourists from 29 countries in June
Greece has said it will open to visitors from 29 countries from 15 June, days before its peak tourism season begins, although Ireland is not on the list of countries.
Powell Speech: Fed is strongly committed to using its tools
The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
Crude has best month
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Turkey says may begin oil exploration under Libya deal in 3-4 months
ANKARA: Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya’s internationally-recognized Government of National Accord (GNA) signed the maritime delimitation deal last year. Turkey says it
SNAP Stock Has Some Fundamental Issues That Should Worry You
Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.
FG to pay jobless youths N20,000 monthly to sweep markets, clear gutters
Eniola Akinkuotu, Abuja In a bid to curb the high rate of unemployment in the country, the Federal Government has rolled out a scheme which will see unemployed youths in rural areas earning N20,...
Turkey says may begin oil exploration under Libya deal in three-four months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya's internationally-recognised Government of National Accord (
UK Wants 5G Club Of 10 Countries, Including India, To Cut Out China's Huawei: Report
Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's controversial technology giant Huawei.
EU expresses 'grave concern' over developments in Hong Kong
The EU’s Foreign Policy chief Josep Borrell defended the 'one country, two systems' principle but no sanctions against China have been put on the table.
Key Russian air cargo customer sues Boeing over widebodies, highlighting how coronavirus shifted market
The legal complaint has a weird twist: Russian cargo carrier Volga-Dnepr alleges that it has a binding contract to take four widebody aircraft worth more than $600 million at standard...
Commuters decry new BRT fares as operator count losses
Commuters in Lagos yesterday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operator of the Bus Rapid Transit (BRT) in the state.
The Guardian view on wage subsidies: unemployment costs too
Editorial: Almost a third of the UK workforce are now reliant on government support for their income. If it is withdrawn while the economy is hibernating then joblessness will rise
Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout
The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.
Why Is Disney World Canceling Food and FastPass+ Reservations for All of 2020?
The world's largest theme park operator is upsetting customers by nixing some reservations through the next seven months, but there's a method to the Mouse-ness.
Sage minutes reveal how UK advisers reacted to coronavirus crisis
Government releases papers showing how advice changed in run-up to lockdown
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
GST Council to meet next month; Finance Ministry not in favour of raising rates on non-essential items
The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to
Plans to turn Guildhall building in Nottingham city centre into multi-million pound luxury hotel unveiled
It is though the development will generate 250 jobs
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
GBP/JPY: Downside risk from Brexit and negative rates – MUFG
Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They se
Only 4 Shramik trains have taken over 72 hours to reach destination: Railways
Among the destination-states for which the trains were diverted were Bihar (51), Uttar Pradesh (16), Jharkhand (2), Assam and Manipur (1 each).
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.
China's Kunlun says U.S approves sale of Grindr to investor group
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
UK Will Increase Visa Rights for Hong Kongers If China Issues Crackdown
The British foreign secretary has said that the UK will extend visa rights to Hong Kongers if China implements its proposed 'security' law.
UK spring the sunniest since records began, says Met Office
Country also set for driest May for 124 years, with farmers warning of serious impact
Sony Believes PSN's Resilience Should Not Be Questioned Anymore
Network navigates lockdown surge
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
Britain left off 'safe list' of countries free to holiday in Greece
UK fails to fit epidemiological profile demanded by Athens, which has kept Covid-19 in check
JobStart policy no substitute for tax cuts
The National Party’s JobStart policy - under which businesses could claim $10,000 per new employee, for up to ten new employees - looks great on paper but would fail in practice, says the New Zealand Taxpayers’ Union.
Designs revealed for 85 home estate approved on appeal
Designs have been unveiled for 85 homes which were approved by the government’s planning inspectorate on appeal.
CIRCOR International, Inc. (CIR) CEO Scott Buckhout on Q1 2020 Results - Earnings Call Transcript
CIRCOR International, Inc. (NYSE:CIR) Q1 2020 Earnings Conference Call May 29, 2020 09:00 ET Company Participants Scott Solomon - Senior Vice President, Sharon
Getting New Zealand Open For Business
“New Zealand is open for business, support local, back your backyard.”
Buy the Post-Earnings Dip in Canopy Growth Stock Now
Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.
Appreciate difficulties of PMC Bank depositors on moratorium on withdrawals: HC to Centre, RBI
Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic
Canadian Western Bank (CBWBF) CEO Christopher Fowler on Q2 2020 Results - Earnings Call Transcript
Canadian Western Bank (OTCPK:CBWBF) Q2 2020 Earnings Conference Call May 29, 2020, 10:30 ET Company Participants Matthew Rudd - SVP, Finance & IR Christophe
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
Private equity player Bain Capital in talks to up stake in Axis Bank
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
The average cost of car insurance in the US
The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.
Finance ministry not in favour of raising GST rates on non essentials
Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year
Narendra Modi govt's silence on China 'fuelling massive speculation and uncertainty during crisis': Rahul Gandhi
Congress leader Rahul Gandhi on Friday hit out at the Modi government for its “silence” on the military standoff with China in Ladakh and demanded that it come clean on the issue. “The government’s
Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
Varadkar confident government can be in place by end of June
Taoiseach Leo Varadkar has said he is confident a government can be in place before the end of June.
CBI starts preliminary enquiry into cash transactions and foreign donations of Tablighi Jamaat
CBI has started collecting records of the Jamaat from various authorities, including the Delhi Police, and has dispatched letters regarding the same.
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
Debate over $600 in jobless aid to intensify as claims rise | Honolulu Star-Advertiser
WASHINGTON >> A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.
Karnataka heading for fresh political crisis? Meeting of BJP MLAs triggers speculation, CM Yediyurappa rejects reports
The MLAs from North Karnataka met at the residence of former MP Ramesh Katti at Bellad Bagewadi in Belagavi district on Thursday evening in the backdrop of coming elections to four Rajya Sabha seats from the state.
UK to extend visa rights for Hong Kong unless China ‘steps back’
The UK government has said that it is open to extending the visa rights of British National Overseas (BNO) passport holders in Hong Kong to offer them a path to the country's citizenship unless
OnePlus Drops Bombshell That Cheaper Phones Will Sell More Units
Since OnePlus made its smartphone debut with the OnePlus One in 2014, the price of the company's handsets has been creeping up, but CEO Pete Lau says he wants the company to make affordable phones again, while branching out to make other devices.
IMF says Bosnia's failure to disburse IMF emergency aid is unprecedented
SARAJEVO (Reuters) - Five weeks after the International Monetary Fund gave Bosnia $370.46 million in emergency aid to help combat the coronavirus crisis, the funds have still not been disbursed due to a disagreement between its rival ethnic leaders, officials said.
Virus sends consumer spending down 13.6% in April
U.S. consumer spending plunged by a record-shattering 13.6% in April as the pandemic shuttered businesses, forced millions of layoffs and sent the economy into deep recession.
Odisha unveils Rs 17,000-cr plan to support people’s livelihood hit by economic crisis
The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.
‘High risk’ of T20 WC being put off, says CA
Also hints at having the India Test series at ‘one venue’
GST Council likely to meet in mid-June
Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions
Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world.
Should You Buy Hertz Stock Now?
Understanding Hertz's current scenario is important to avoid a huge investing mistake.
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is $50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
King Henry VIII's Mary Rose gets a £25,000 cash injection from Historic England to stop the iconic warship from falling into disrepair as income from visitors dries up during lockdown
The money will allow employees to continue to work to monitor, maintain and repair the complex environmental system that preserves the 16th century Tudor battleship kept in Portsmouth.
The Week In Payments: How Businesses Can Navigate The Road To Recovery
In this week's payment news: Could voice authentication, digital banking and alternate payment terms help businesses meet the current challenges?
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
Housing sector faces its worst ever crisis due to Covid-19
Credai chief says Central government should offer a two per cent interest subsidy on home loans
Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite
All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses
With New Cross River Traffic Law, tax exemption for the poor is meaningless, Motorists
Cross State government has directly or indirectly reintroduced tax payment by the poor and less privileged in the state with the introduction of a new traffic regulatory law and agency.
EU economy to rebound ‘quite strongly’ next year says Dombrovskis
The European Commission’s proposed €750-billion coronavirus recovery fund should also help make the bloc’s economy more green and fit for the digital age, Executive Vice-President Valdis Dombrovskis tells Euronews.
‘New normal’ aims to keep economy running: Minister
The government said on Thursday that it needed to implement the so-called “new normal” to keep the economy running while maintaining restrictions to contain the spread of COVID-19.
Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why
While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.
9 creative ways that retailers, restaurants, and service workers are staying afloat during coronavirus shutdowns
The pandemic has been catastrophic for retailers, restaurants, and workers. Here are nine tactics many are using to stay afloat.
First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW
With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.
Turkey says may begin oil exploration under Libya deal in three-four months
ANKARA (Reuters) - Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.
How will Europe's 'Big Five' look after the restart?
Football News: Football fans in England and Italy received the news they had been waiting for on Thursday after the Premier League and Serie A got restart dates for
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
Panthers agree to deal with former Giant Eli Apple
CHARLOTTE, N.C. — The Panthers have agreed to terms with free agent cornerback Eli Apple. The move gives the Panthers the experienced cornerback they coveted after James Bradberry signed as a free
Oil rises about 2% as higher US refinery rates offsets surprise crude build
US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says
Transgenders to get Rs 1000 per month pension
The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, G C Murmu, accorded sanction to the extension of coverage of
GeForce Now's New Opt-In Policy Wins Back At Least One Developer
Winter survival game The Long Dark was removed from Nvidia’s GeForce Now streaming platform back in March after its developer said the game had been added without their consent. Now it’s coming back, following changes to the service that make GeForce Now opt-in only....
Isuzu expects pick-up demand in Thailand to drop 35%
With sales significantly impacted by the Covid-19 outbreak, Isuzu expects that the demand for pick-up trucks and other light commercial vehicles (LCV) in
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
How investors learnt to love the rally in stocks
‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers
Stocks to watch: RIL, Voda Idea, Wipro, Voltas, YES Bank, Cadila Healthcare
Here's a look at the top stocks that may remain in focus today
NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript
NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,
Privatization of power sector | JKPEECC to hold protest on June 1 to oppose Centre's move
JKPEECC to hold protest on June 1 to oppose Centre’s move | In response to a call given by National Coordination Committee of Electricity Employees and Engineers, which is an amalgam of different power employee
Ping An Voyager Fund Leads Investment in PlusDental to Enhance Modern Dentistry in Europe
HONG KONG and SHANGHAI, May 29, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:23...
ANU: Job and income losses halted, confidence rising
Average hours worked increased from 32.3 per week in April to 32.8 per week in May, according to a study by the Australian National University’s (ANU) Centre for Social Research and Methods.
'Double-edged sword': Hong Kong gov't warns US on special status
Hong Kong leader Carrie Lam tried to rally people behind China's new national security on Friday, as the government warned the United States to stop interfering in its internal affairs, saying the withdrawal of the territory's special status could be a "double-edged sword".
More central banks eye yield curve control. How does Japan's work?
TOKYO — The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.
Modi 2.0 Anniversary: The Crisis Managers In The BJP-Led NDA Government
While PM Modi, himself is skilled in handling every crisis, the decision of abrogation of Article 370, SC's decision on Ayodhya, and the Coronavirus pandemic introduced us to the crisis managers of the Modi 2.0 government.
Epistar 4Q20 operation may turn profitable, says president
Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.
FDI inflows from Cayman Islands into India triples in FY20
The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript
Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
Day After Khattar Govt's Sealing Decision, Chaos Reported at Haryana-Delhi Border
Notably, the Haryana government has cited a sharp increase in coronavirus cases during the past one week in districts adjoining Delhi as reason behind its decision to seal the border with Delhi.
Hong Kong Govt: Removing US special status is 'double-edged sword'
Responding to Washington’s withdrawal of Hong Kong’s special US status, Hong Kong’s government warned late Thursday that such a move could be a “doubl
Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo
Release salary of FC employees: EJAC
Employees Joint Action Committee on Thursday urged the government to release the pending salary of the employees of Forest Corporation. A statement said
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air ...
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Working hours for commercial activities from 7am to 1pm from Sunday
The Ministry of Commerce and Industry (MoCI) said yesterday in a circular that work hours for commercial and service activities in Qatar will be from 7 am to 1 pm from Sunday. The steps are taken within the framework of the preventive and precautionary measures taken in Qatar to contain the COVID-19 outbreak and in line with previous decisions and procedures.
New PPA after 5 years: Madhya Pradesh approves pact with Adani Power
After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP), a unit of Adani Power.
Gen. Jack Keane: China 'weaponized' coronavirus to 'destroy Western democracies' economies'
Fox News senior strategic analyst Gen. Jack Keane told "The Story" Friday that Chinese President Xi Jinping had "weaponized" the spread of coronavirus around the world to destroy Western economies and stifle its competition.
Bengal govt. to recruit more workers
“This workforce increase will ensure that public services are uninterrupted and unhindered,” Mamata Banerjee said.
Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn
Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.
Akwa Ibom Assembly suspends two council chairmen over misconduct
Patrick Odey, Uyo The Akwa Ibom State House of Assembly has suspended the Chairman of Nsit Atai Local Government, Emem Ibanga, and her counterpart in Uyo, Imo Okon. The duo were suspended indefin...
Will give Rs 25 cr to Rlys: Vijay Rupani
The funds are being given to the Railways at a time when the ticket fare for the journey is being charged from the migrants itself.
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
Fairfax Financial Holdings left behind amid market rebound
Fairfax is trading at a major discount on TSX as it struggles to recover from COVID-19 impact
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.
Coronavirus sinks US consumer spending; savings hit record high
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...
Goldman Takes Bitcoin To Task
Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.
Yes Bank launches overdraft facility on FDs
Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.
Matt Gaetz files an FEC complaint against Twitter for 'domestic election interference'
Rep. Matt Gaetz filed a complaint with the Federal Election Commission against Twitter after the social media giant issued a fact-check on one of President Trump's tweets about absentee ballots.
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Coinbase Introduces Tezos (XTZ) Staking to Earn Rewards by Passively Holding Crypto on the Exchange in the UK, certain EU Countries
San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets.
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
Wall St ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.
Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown
The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.
Credit flow: Rs 4L crore reverse repo funds sanctioned as loans
RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
U.S. Asians Pushing Back Against Harassment After Surge Of Attacks
A spike in harassment of Asian-Americans since the coronavirus pandemic began has led community activists in the United States to fight back
Railways defends itself, says Shramik Specials can be terminated or rerouted
Yadav also defended the Railways against the flak over lack of food and water on board the delayed trains.
‘Telling commentaryon BJP management’: Cong hits out after dip in GDP growth rate
Congress leader and former finance minister P Chidambaram blamed the government’s economic management for the new low in GDP growth.
Ex-FM Morshed Khan leaves for London by chartered flight in pandemic
Former foreign minister M Morshed Khan has left Bangladesh for Britain by a chartered plane amid the coronavirus pandemic.
Why CBN slashed monetary policy rate - Official
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
KP government asked to allow business activities 24/7
PESHAWAR: The business community in Khyber Pakhtunkhwa (KP) on Friday demanded an end to the ongoing coronavirus lockdown and asked for permission to resume businesses across the province 24/7.The
Deloitte's consulting arm said to warn of about 2,500 job cuts
There’s growing concern among some consultants who aren’t currently assigned to a project with a client that they’ll be first in line to lose their jobs, one of the people said.
Govt is looking at starting home delivery of petrol, CNG: Pradhan
Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.
S&P 500, Dow dip on jitters over Trump's China response
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Futures hit by Sino-US tensions at the end of strong month
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Lesser in number, Odisha workers in Ahmedabad await Shramik trains
According to officials, a total of 80 migrant workers from Odisha have registered for Shramik trains in Ahmedabad in the last one week, but at least 1,600 passengers are required to book a train to a particular state.
Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway
People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
Torstar buyer says Canso picked to provide financing because of media experience
TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.
Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS
Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.
Williams-Sonoma Earnings: WSM Stock Rallies 14% Following Q1 Topper
Williams-Sonoma (WSM) earnings for the retail company's first quarter of the year have WSM stock heading higher on Friday.
Chhattisgarh's inaugural chief minister, Ajit Jogi, dies at 74
Jogi enjoyed support among tribal and scheduled caste communities because of his easy accessibility.
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
Mark Henry explains why AJ Styles was traded to SmackDown
AJ Styles was surprisingly traded to SmackDown earlier this month. What's the possible reason behind the move?
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
Why Growth Will Continue To Outperform 'Traditional Value'
Growth investing has handily outperformed traditional value investing over the last ten years, a trend which has been exacerbated since the pandemic. Traditiona
How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock
Virgin Galactic remains an excellent speculative play and an even better holding with a well-conceived spread in SPCE stock.
De Blasio, Cuomo target June 8 for first phase of New York City reopening
The city is on track to meet all of the state’s metrics needed to begin relaxing its stay-at-home order.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Wall Street retreats ahead of Trump's response on Hong Kong
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Power minister R K Singh asks Rs 3 trillion from finance commission
The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.
Standard Chartered Completes First Impact-Focused Subscription Finance Facility
Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it comple
‘Have Such Governments Ever Ruled For 5 Years’: Fadnavis On Uddhav Govt’s Prospects Of Surviving Full Term
Former Maharashtra chief minister Devendra Fadnavis when quizzed over whether Uddhav Thackeray led Maharashtra government would survive for 5 years has said that the government will collapse due to infighting.
Ryanair customers could be waiting up to six months for refunds
It will take three to six months for Ryanair to get through the backlog of refunds of cancelled flights.
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
Today In Payments: Mastercard Introduces Recovery Insights Tools; Starling Notches $49M In Funding
In today's top news, Mastercard introduces Recovery Insights tools, Google is mulling a share of Vodafone India, and Starling has raised $49 million.
GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision
Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.
Hawkins: 2nd Amendment Is a Bulwark when Law and Order Crumbles
The Second Amendment is a bulwark guarding Americans' ability to be prepared to defend their lives and liberty as law and order crumbles in U.S. cities.
Closed-End Funds: Eaton Vance's Option Funds
Eaton Vance offers many respectable funds. Today, I wanted to give a broad overview of the option based funds we don't discuss very often. I also wanted to touc
S&P 500 up in choppy action after Trump comments on China
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Oil surges 5% on U.S.-China trade optimism, falling crude output
NEW YORK (Reuters) - Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
Powerbeats Pro will come in four bright new colors June 9 | ZDNet
Powerbeats Pro offer all of the same features as AirPods, just in a different form factor and with fitness in mind.
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
Drybar CEO John Heffner to Join Summer Fridays
John Heffner has been with Drybar since 2013, and will transition to lead skin-care brand Summer Fridays in June.
End of US Waivers Will Not Impair Iran Nuclear Activity
The United States' termination of sanctions waivers that allowed foreign firms to cooperate at Iranian nuclear sites will have no impact on Tehran's nuclear activities, spokesman for the Atomic
Redesigning business processes for contactless operations
Blog » As the world fights against Covid19, businesses are desperately struggling to cope and sustain in the rapidly evolving commercial landscape. Long-lasting
Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders
Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
Philippines gears up to reopen tourism
Department of Tourism (DOT), Philippines is preparing for the re-opening once places are classified under the modified general community quarantine…
Creating infra worth Rs 2,209 cr in industrial parks: TSIIC Chairman
TSIIC Chairman Gyadari Balamallu said the State government was developing world class infrastructure worth Rs 2,209 crore in all industrial parks in the State.
Press freedom in Myanmar regresses
Increased arrests of journalists, the partial shutdown of the Internet and the increasing blocking of websites show that the liberalisation of Myanmar's press is in danger.
The Executive Order: Government Control Of Private Corporations
If government orders throttle some digital platforms then people can go to other platforms anywhere else in the World. Digital platforms are not restricted by national boundaries within which government orders can be enforced.
Wall Street ends down in late selloff; Facebook and China weigh
The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.
Renault poised to announce 15,000 lay offs worldwide
Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.
MCD unlikely to resume property tax collection from June 1
The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property
Asia Session: Asia Booking Profits Ahead Of The Weekend
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, AUD/USD, XAU/USD, S&P/ASX 200. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
The Great Bears do the bear market rally
Cross-posted from ZeroHedge is a fabulous post gathering together the world’s great bears.
EU weighs China policy amid concern over Hong Kong moves
European Union foreign ministers debated Friday ways to manage tense relations with China as it asserts more control over Hong Kong and amid concern about Beijing’s influence over EU officials.
Chairman Of Nigeria’s Revenue Agency Denies Allegations Of Tribalism In Organisation
Nami, who spoke while reacting to the alleged removal of some directors on tribal and ethnic grounds, said that the exercise was done according to the laws of the country.
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
What The Pandemic Means For The Gender Wage Gap
What can be done to close the wage gap, and decrease the disparity between men and women’s retirement income? It comes back to offering women caregiving benefits and work flexibility.
Financial help sought for new community hub
The $3.8 million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...
How can I qualify for pension cap indexation?
Indexation of superannuation pensions - if it ever happens - won't be available to all, writes John Wasiliev, who seeks answers to your questions about super.
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
Canada's vulnerable to money laundering on par with similar countries: expert
VANCOUVER — A senior police officer from the United Kingdom with expertise in money laundering says "underground banking" linked to China has become a significant threat in the U.K. and he believes Canada shares some of the same vulnerabilities.
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
UK property firm Rightmove sees record website views as market picks up
UK property firm Rightmove sees record website views as market picks up
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
Govt U-turns on royalties non-deductibility
THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.
Odisha unveils Rs 17,000 crore plan to support people's livelihood hit by economic crisis
The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.
5 Steps You Need To Take Before Your Employees Come Back To Work
The COVID-19 lockdown is ending. While some areas are only in Phase 1 of the recovery, the return to work by employees is in sight.
Best Bank Accounts
Martin Lewis reveals how to compare and switch to the best bank accounts that can save you £100s a year.
Financial help sought for new community hub
The $3.8million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...
Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Buy United Spirits; target of Rs 650: ICICI Direct
ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Air India to operate additional repatriation flights to six countries
Air India said it will operate additional repatriation flights to six countries between June 4 and June 6 to bring back stranded Indians under the phase 2 of Vande Bharat Mission.
Mark Teixeira: MLB should be back, but owners better not ‘break’ union
Mark Teixeira said he was “cautiously optimistic” Major League Baseball and the Players Association would come to an agreement in the coming weeks to allow for there to be an abbreviated
PIC willing to convert R90 billion of Eskom debt into equity
Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.
German Rights Body GEMA Says Strong 2019 Created 'Crisis Airbag' for Members Sidelined by Pandemic
The German copyright society GEMA carried over momentum from the previous year and increased revenues by nearly 5% in 2019.
Experts warned Cameron's government the Lansley reforms would hobble Britain's epidemic response
Documents from 2010-12 show that senior public health figures believed NHS reforms would leave Britain vulnerable in a pandemic.
India records highest single-day spike, surpasses China toll
NEW DELHI: India on Friday not only recorded its largest jump in new cases as it added 7,466 new Covid patients in 24 hours, emerging as the ninth worst-hit country in the world by pandemic, but it also surpassed China's toll of 4,638 so far as it r
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.
Fears for Westland when wage subsidy ends
Financial pain is predicted to cripple tourism towns when the Covid-19 wage subsidies end shortly. Nine weeks after lockdown, Franz Josef Civil...
Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens
The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.
Paris-based Neobrain snaps up €3 million to support employees during change
French HRtech startup Neobrain, which uses AI to support organisations and people during times of change and crisis, has secured €3 million of investment from French venture capital firm Breega. The startup will use the funds to expand internationally, grow its team and conduct more research on the
Japan dispels reports that it will subsidise trips for foreign tourists
Media reports began circulating earlier this month that Japan will launch a campaign that will involve paying for half of foreign tourists’ trips to the country
Oz announce full schedule for India series
Melbourne: Cricket Australia on Thursday announced their fixtures for the summer of 2020-21. The elaborate schedule, including fixtures for men and women, consists of the much-anticipated Border-Gavaskar series between India and Australia.Kevin Rober
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
Wall Street retreats ahead of Trump's response on Hong Kong
President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.
Procter & Gamble Health posts net profit of Rs 46.5 crore for March quarter
It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, Procter & Gamble Health said in a regulatory filing.
IIFL Finance March Quarter profit plunges 81% to Rs 59 crore
The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore.
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
German regulator examines stock trades by Wirecard CEO
German regulator examines stock trades by Wirecard CEO
D-backs cut about quarter of staff with layoffs, furloughs
The Arizona Diamondbacks have laid off or furloughed about one-quarter of the team’s employees because of lost revenue due to the coronavirus pandemic.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
SAA’s BRPs ask for another extension to finalise rescue plan
This will be their fourth extension since taking charge of the embattled airline since December last year.
Gold Up on Back of Mounting U.S.-China Tension
Gold Up on Back of Mounting U.S.-China Tension
Govt employees asked to donate one-day salary
SHILLONG: After the state government restored the deferment of salary for May, the Meghalaya State Government Employees Federation, has urged its members to contribute one-day salary to help the government in the fight against COVID-19.Earlier, the F
Wine Aid Aims to Keep Chefs in Work and Wineries in Business One Case of Vino at a Time
And the reward for buying a mystery box of organic wine? It’ll get an out-of-work hospo worker a square meal.
KSU plea for waiving fees in private schools
SHILLONG: In the light of the acute economic hardship faced by the people of the state due to the indefinite lockdown, the Education Cell of the Khasi Students’ Union has stepped in to take up the cause of the teachers and the students of private sch
Tristar Worldwide begins 45-day consultation process with workers
Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.
French economy shrank less than first thought in first quarter: INSEE
French economy shrank less than first thought in first quarter: INSEE
Europe moves ahead with lockdown easing, but caution in Asia
As much of the world grapples to find the path forward, with the deadly virus still spreading in some places and a vaccine at best a distant reality, Europe is slowly emerging from isolation.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
Metals Nearing Critical Momentum For New Parabolic Rally
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com
Silver Price Analysis: Struggles to gather upside traction despite diamond breakout
Silver is currently trading near $17.41 per ounce, representing a 0.21% gain on the day, having faced rejection near $17.50 on Thursday. The metal wit
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
Canada's Huawei extradition ruling could unleash more Chinese backlash
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd executive to the United States leaves Canada ...
UK PM's senior adviser Cummings considers quitting later this year, reports Daily Mail
LONDON, May 29 — British Prime Minister Boris Johnson's senior adviser, Dominic Cummings, is considering quitting later this year, the Daily Mail newspaper reported. Cummings, who faced calls from within the Conservative Party to resign for driving 400 km during the coronavirus lockdown, could be...
Business News
PPI Announces Winners of Projects and Members of the Year Program The Plastics Pipe Institute, Inc. (PPI) announced the winners of its Projects and Members
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
China asks Western nations to stay out of its internal matters in Hong Kong
China has lodged diplomatic protests with the US, the UK, Canada and Australia for "interfering" in its internal matters by criticising its new security law for Hong Kong.
Uber Eats offering exclusive burgers from Mitch Marner, Max Domi and more
For a limited time, Torontonians can order Uber Eats-exclusive burgers conceived by Canadian celebrities and local restaurants.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com
Asian Stocks Down as Investors Await Trump Action
Asian Stocks Down as Investors Await Trump Action
Men hired to tie up and tickle client break into wrong house
Two men hired to break into their client’s house, menace him with machetes, tie him up, then tickle him with a broom, have been acquitted of armed break-in after hitting the wrong address. Th…
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.
14 Return-On-Equity Champions With Warren Buffett Fundamentals
Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
'Global growth worries, US-China tensions likely to keep crude prices choppy'
We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.
Russia's Rosneft finds extended oil cuts painful: Sources
Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity.
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
WTI slips below $34.00 amid risk reset in early Asia
WTI extends its declines from $34.34 to $33.56 amid the initial Asian session on Friday. In doing so, the oil benchmark probes the previous day’s reco
CBD businesses hoping that fewer people will keep working from home
Report from RNZ by Ruth Hill While government departments are keeping Wellington staff working at home – some shops and cafes in Wellington’s CBD report trade is down 40 percent.
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses
South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.
Travel disruptions, cost cutting key issues for U.S. business in China: report
Travel disruptions, cost cutting key issues for U.S. business in China: report
UT Bank collapse: State ordered to file relevant documents by June 22
An Accra High Court has ordered the State to file, by June 22, all the documents they intend to rely on in the matter of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana and five others, whose alleged roles led to the collapse of the Bank.
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people.
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
Back to work! How businesses are adjusting to a newer, safer way of working
Metro.co.uk: News, Sport, Showbiz, Celebrities from Metro
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
Andhra Pradesh HC orders reinstatement of Ramesh Kumar as SEC
In a major setback to Jagan Mohan Reddy government, Andhra Pradesh High Court on Saturday ordered reinstatement of Nimmagadda Ramesh
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
UK's Johnson eases lockdown as furore over aide rumbles on
LONDON, May 29 — The coronavirus lockdown will ease next week for most of Britain's population, Boris Johnson announced yesterday, as a row persisted over the prime minister's closest adviser taking a long-distance journey during lockdown. In England, up to six people will be able to meet outside...
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
Council may find it difficult to raise GST rates
The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
Govt, non-govt offices to reopen from June 8 in West Bengal: CM
West Bengal Chief Minister Mamata Banerjee announced that all government and non-government offices will resume their operations from June 8 across the state.
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
Kenyan truckers suspend movement to Uganda
Kenyan drivers say they will withhold their services until officials address harassment.
Bansal terms Modi-2.0 anniversary big zero; launches ‘zero hour’
Former Union Minister Pawan Kumar Bansal while launching a social media program called "zero hour", termed the first year of Modi-2.0 government as a big zero. Bansal said, the work of the government seems limited to just two slogans -‘ache din’ and ‘atamnirbhar’- while the people
India’s oil import bill falls 10 per cent in FY 20
At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country's advantage.
Here’s what R120 million buys you – now that real estate can operate at level 3
The real estate industry will resume operations under level 3 lockdown on Monday, 1 June.
Wage subsidy auditing figures only collected quarterly - MSD
Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Renault to cut 15,000 jobs
Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
Chamisa bids to oust defiant party MPs
The MDC Alliance is moving to oust four legislators who attended Parliament business last week defying the party’s directive for a boycott in support of the recall of lawmakers, it has been learnt.
European stocks rise for fourth day on healthcare bounce
FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
Instructions issued for 20-21 grant to MP’s urban bodies
The Tied Grant will be distributed to the cities with a population more than one million on the basis of the performance standard set by the Ministry of Housing and Urban Affairs and the Ministry of Environment, Forest and Climate Change, as recommended by the 15th Finance Commission. The basic
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200
Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.
Huawei P40 launch in South Africa – Live blog
Huawei is launching its P40 series of flagship smartphones in South Africa. Join us as we take you through the event and stand a chance to win your share of R500 000 in prizes.
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward as private creditors laid out a blueprint for their involvement, though it...
Frydenberg talks markets to US Treasury secretary
Treasurer Josh Frydenberg has spoken to US Treasury secretary Steven Mnuchin about the rebound in equity markets and the stabilisation of credit markets.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
Paying school fee in times of job losses triggers hopelessness
A letter to Prime Minister Narendra Modi written by a city-based resident requesting him to legalise sale of kidneys had hit the national headlines this week. One would assume that someone talking about legalising sale of kidneys needs to pay off debts but the resident just wants to pay the school
$60m funding boost for NZ libraries announced at Turanga
The government chose Christchurch's central library, Turanga, as the venue to announce a $60 million cash injection for NZ libraries on Friday.
Lee asks state agencies to cut budgets by 12%
Gov. Bill Lee has asked all state agencies to find ways to slash their budgets by 12% and submit their new proposals by the end of June.
Working groups on economic task force to synergize efforts to revive economy: Conrad
GUWAHATI: Meghalaya Chief Minister, Conrad Sangma on Friday tweeted that the six Working Groups of the Economic Task Force on COVID-19 pandemic would work in tandem to draw up a systematic and synergistic plan to revive the economy of Meghalaya and c
How important is Hong Kong to China as a free finance hub?
China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.
Buy Federal Bank; target of Rs 54: Emkay Global Financial
Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.
Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand
During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
PB to reopen partially today
SHILLONG: No more fretting over lost opportunities to buy the shirt you wanted, or maybe a top to go with your favourite pair of jeans as festive occasions went by with shops selling textiles and garments firmly shut, thanks to the dreaded yet unavoi
Cong leaders demand Rs 10,000 for poor
On the call given by the Congress president Sonia Gandhi and former party president Rahul Gandhi under the ‘Speak up India’ programme large number of Congressmen went live on Thursday on various social media platforms and raised many issues. The Pradesh Congress Committee (PCC) president
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Qualcomm, Qorvo & Jabil: Apple Suppliers Have Been Left Behind From The Rally. Time To Buy?
Apple stock is up about 5% year-to-date, despite the Coronavirus pandemic, driven by its strong balance sheet and fast-growing services business, which makes it a safe haven of sorts. However, most of Apple’s suppliers have not fared as well. Our indicative list of 6 key suppliers for the iPhone...
Asokore Mampong housing project completed, named after Otumfuo
The Affordable Housing project at Asokore Mampong in the Ashanti has been completed and named after the Asantehene, Otumfuo Osei Tutu II.
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
Asia shares fall as US-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
Cash crunch hits PCB, as it seeks Rs 3cr from PMC
Cantonment board officials claim civic body authorities promised financial aid but the latter said only healthcare commitment was made for treating patients
Govt, non-govt offices to reopen from June 8 in Bengal: CM
KOLKATA: As the fourth phase of Covid-19 lockdown draws to a close in India, West Bengal Chief Minister Mamata Banerjee on Friday announced that all government and non-government offices will resume their operations from June 8 across the state.Addre
S&P 500 up in choppy action after Trump comments on China
S&P 500 up in choppy action after Trump comments on China
Zimbabwe Finance Minister threatened to resign from Govt over Mutodi
FOREIGN Affairs and International Trade Minister Sibusiso Busi Moyo confronted President Emmerson Mnangagwa and threatened to hand in his resignation from Cabinet unless loudmouth Energy Mutodi was sacked from Government, a leading weekly publication has revealed.
Allow EC to work according to the laws – Kabila charges
The Acting General Secretary of the Convention People’s Party (CPP), Mr James Kwabena Bomfeh, has stated that political parties, the media and other individuals should allow the Electoral Commission to exercise their mandate without intimidation.
Pandemic's hit to Japan's factory, retail sectors deeper than expected
TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
$3.3bn revenue from Year of Return cannot be true - Ablakwa challenges Tourism Minister
A claim by Tourism Minister, Barbara Oteng-Gyasi, that the Year of Return campaign introduced by government boosted tourism receipts by $3.3 billion in 2019 has been contested.
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus
Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Why India needs more ships like INS Jalashwa
Why India needs more ships like INS Jalashwa. At war, the Jalashwa can carry and launch a full infantry battalion in a single wave. At peace, the Jalashwa can evacuate 1,000 people in a single trip. Ajai Shukla explains why the Indian Navy's new tender for more ships like the Jalashwa must be treated with special urgency.
Explainer: How important is Hong Kong to China as a free finance hub?
Explainer: How important is Hong Kong to China as a free finance hub?
Markets to remain open from 7 AM to 7 PM from today
To encourage commercial activities, markets will be allowed to remain open in the state from 7 AM to 7 PM from today. Till now, the market was being allowed to open from 7 AM to 4 PM. This decision and other directions to ensure proper facilities in quarantine centres were issued by the chief
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
GST Council to meet next month; FinMin not for raising rates on non-essential items
The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus.
Lufthansa adds long-haul routes from Frankfurt and Munich
Newly announced destinations include Frankfurt to Cairo, Beijing, Shanghai and San Jose, and Munich to San Francisco, Delhi…
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
Kildare businesses call on Government to extend wage subsidy scheme
"Ahead of today’s Cabinet meeting, County Kildare Chamber has called for the Government to reform and extend the Temporary Wage Subsidy Scheme (TWSS) beyond its initial June deadline, and e...
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
Fed's Mester says it's hard to imagine quick V-shaped recovery
Fed's Mester says it's hard to imagine quick V-shaped recovery
Only 4 Shramik trains took over 72 hrs to reach: Railways
Only 4 Shramik trains took over 72 hrs to reach: Railways. The clarifications came amid criticism over delays that the migrant trains were getting 'lost' before reaching their destinations. Till May 28, Yadav said, 3,840 Shramik Specials operated ferrying a total of 52 lakh passengers.
Buy Coal India; target of Rs 264: ICICI Securities
ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.
Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions
Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year
$1.4m to help Queenstown workers who have lost jobs
The hard-hit Queenstown Lakes District has been given $1.4 million in Government funding to help redeploy workers who have lost their jobs because...
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Chinese companies in India dither to join country’s fight against Coronavirus; Make negligible contributions for the sake of optics
The major Chinese companies including Xiaomi, Vivo, Oppo, Huawei, Oneplus whose annual revenue is approximately INR 60710 crore, have just contributed INR 24 crore (0.04%) for India’s fight against coronavirus pandemic.
CM KCR upbeat on achieving 165 TMC of additional water storage capacity
Chief Minister K Chandrashekhar Rao has said that the bold decision of taking up the multi stage Kaleshwaram Lift Irrigation Scheme
Govt's 'Aatmanirbhar' plan hits a legal hurdle
Surat activist sends legal notice to CM and junior health minister claiming people are not getting loan as promised by the State government
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Mahangu to yield surplus
LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961
March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print
A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
108 jobs on line in Tower proposal
Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...
BREAKING: FG to pay unemployed youths N20,000 to maintain public infrastructure
The Federal government has agreed to pay the sum of twenty thousand naira, (20,000), to unemployed youths, for three months, to maintain public and social infrastructures in the country, Minister of State for Labour and
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Statistics Canada says first-quarter GDP worst showing since 2009
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday
Fresh blow for Boris Johnson as Tory lead over Labour narrows after Cummings row
EXCLUSIVE: The survey, carried out in the aftermath of his chief aide's press conference, shows the Conservative lead is down to just five points
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
VVIP choppers case: ED attaches Rs 385 crore asset of middleman Rajiv Saxena
The ED had contended before the HC that Saxena withheld information very strategically and has not disclosed full and true facts which were within his knowledge, relating to the commission of the offence. The matter is expected to be heard next on June 3.
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
Employer must submit paperwork before woman can get unemployment benefits
Some workers who filed unemployment claims are waiting on their employers to fill out necessary paperwork before they can get benefits.
U.S. cuts WHO ties over virus; takes action over Hong Kong
U.S. President Donald Trump announced Friday he would withdraw funding from the World Health Organization, end Hong Kong’s special trade status and suspend visas of Chinese graduate students suspected of conducting research on behalf of their government — escalating tensions with China that have surged during the coronavirus pandemic. Trump…
Walmart Telling Photo Lab Employees NOT to Ask for Proof of Copyright
Walmart’s Photo Centers might not seem like a major avenue for copyright infringement or photo theft. But PetaPixel has been made aware of an alleged policy change that makes it far easier for bad actors to use and print professional photos without permission.
On banks of Danube, Hungary and South Korea mourn victims of boat accident
Officials from Hungary and South Korea held a minute's silence and threw white flowers onto the waters of the Danube on Friday, marking the first ...
People urged to keep track of who they meet over bank holiday weekend
The information will help with contact tracing if a Covid-19 infection is later detected, officials said.
Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%
India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac
Rajasthan rolls out job plan for migrant workers
Family food survey launched to ensure food security
Garrett Motion: Significant Upside Potential But Fragile Financial Situation
Garrett Motion has a solid business with a dominant share of the market. However, the company is in a fragile financial situation with large maturities in 2025
India will set an example in economic revival, says PM Modi
PM acknowledged that some have undergone “tremendous” suffering, referring to workers.
National Conference Rejects Centre's Delimitation Commission For J&K
The National Conference (NC) on Friday rejected the Delimitation Commission announced by the Centre recently for Jammu and Kashmir, saying that the party's three members of Parliament will not participate in it.
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
Ethereum Posts Breakout Rally as Analysts Set Upside Targets at $290
Ethereum could be positioned to see even further gains in the near-term, as this latest movement has provided its market structure with a serious boost.
Srikakulam: Temples witness big dip in offerings amid lockdown
Covid-19 has its impact even on God as most of the noted temples lost their sheen in the wake of lockdown imposed for the last 70 days.
Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO
Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »
More stimulus package for MSMEs coming, says FG
The Federal Government will soon roll out additional stimulus packages for Micro Small and Medium Enterprises (MSMEs) across the country....
Epstein estate, victims reach agreement on compensation fund
A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process. The accord came 9-1/2 months after Epstein killed
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Agriculture's contribution to Nigeria's economy in Q1 'highest in two years' - NBS
The contribution of Nigeria’s agricultural sector to the Gross Domestic Product (GDP) in the first quarter of 2020 was the sector's highest first-quarter
China sanctions not solution to Hong Kong crisis: European Union
BRUSSELS: The European Union said on Friday (May 29) that China's imposition of a security law on Hong Kong had damaged ties with Beijing, but ...
OPEC delivers three quarters of record oil cut in May: Survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout
The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.
Pedestrian plaza at Pondy Bazaar opens up sans the bustle
Shopkeepers ready with precautions but customers few and far between
Land expropriation: Lapsed ad hoc committee on section 25 was not in vain - chairperson
The ad hoc committee to amend Section 25 of the Constitution to allow expropriation without compensation will not be in vain, its chairperson, Mathole Motshekga, said after the committee lapsed.
The Markets End The Week In An Uptrend (Technically Speaking For 5/25-5/29)
The leading indicators points toward a continued contraction. The coincidental data shows the sharpest contraction in the last 100 years. The overall trends rem
Japan revises law to make more part-timers join pension program
Japan revised a law Friday to make more part-time, and other nonregular workers join the employee pension program as well as allow eligible recipients to choose to start receiving benefits from the age of 75. Currently, part-time workers join the program only when they work 20 hours or more a…
Saudi Arabia moved US$40 billion in reserves to sovereign fund
The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
EU extends sanctions against Syrian regime
The EU Council on Thursday extended restrictive measures against the Syrian regime. "The EU remains committed to using every tool at its disposal to push for a political solution to the conflict that would benefit all Syrians and put an end to the ongoing...
Spain will open gradually to tourism, with Europe first
MADRID: Spain will open gradually to tourism this summer, starting with European countries, and will ensure visitors only go to areas that have ...
No risk of India losing out on hosting World T20 in 2021, assures Arun Dhumal
BCCI Treasurer Arun Dhumal, in the wake of the recent war of words between the ICC and BCCI, has assured that the country is not at risk of losing on potentially hosting the WT20 in 2021. Earlier, the BCCI had failed to provide a tax exemption letter from the Indian Government to the ICC.
Seplat targets more acquisitions as shareholders get $59m dividends
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
Edmund Hillary and Tenzing Norgay's Mt. Everest climb completes 67 years
Edmund Hillary and Tenzing Norgay Sherpa on May 29, 1953, became the first to scale the 29,028 foot (8,848 metre) summit of Mount Everest.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.
Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds
A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly
LATAM's bankruptcy filing to delay its Brazil bailout to at least July: sources
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its ...
Work from home set to become new norm for BPO sector
WESTERN BUREAU: Some of the leading developers of space in western Jamaica are now taking a wait-and-see attitude towards the COVID-19 sparked work-from-home (WFH) arrangement, which some outsourcing firms are expressing an interest in expanding....
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
Cyprus expects 600,000 tourists in August
Cyprus expects to receive some 600,000 passengers in August, transport minister Yiannis Karousos said Thursday, noting that this estimate includes people flying in on commercial and private planes, Ekathimerini writes. "There is a gradual lifting of measu...
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
How our very richest tripled their fortunes in a decade
Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.
Stocks slip as markets await Trump’s HK response
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar ...
US stocks end lower as China tensions end three-day Dow streak
NEW YORK: Wall Street stocks ended lower on Thursday (May 28) following a late-afternoon retreat on growing US-China tensions, as markets digested ...
Telangana employers leave 200 brick kiln workers on the road
Left to fend for themselves, workers hitch rides on trucks
S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis
In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con
Debate over $600 in jobless aid to intensify as claims rise
The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.
Near miss as timber falls from Cork City building
Shoppers had a lucky escape after timberwork crashed onto the pavement outside a busy Cork City centre shop.
Fears for several fashion stores after PAS Group enters voluntary administration
PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…
Almost half a million Australians will have their robodebts refunded
The federal government will refund $721 million recouped from 470,000 people through the controversial “robodebt” scheme. Under the contentious “robodebt” program, welfare r…
Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript
Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-
U.S. Stock Market Regains Lead As Top Global Performer For 2020
The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat
DMK urges PM to withdraw Electricty Bill
The Opposition DMK in Tamilnadu has urged Prime Minister Narendra Modi to withdraw the proposed Electricity (Amendment) Bill which intends to undermine the states’ legislative powers over electricity and to abandon the proposal to cancel free electricity for the farmers. Continue Reading →
MP Rigathi Gachagua's Bank Accounts Frozen
The government went after accounts owned by the legislator, a close ally of Deputy President William Ruto after he was...
China faces mounting pressure over Hong Kong security law
The US, Britain, Canada, and Australia lead criticism of the planned law, which would punish secession, subversion of state power, terrorism, and acts that endanger national security
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
Q4FY20 GDP estimates out today: What's in store for India's economy
Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Australia's 'war cabinet' shifts focus to jobs: PM
SYDNEY (Reuters) - Australia’s “war cabinet” will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel coronavirus, Prime Minister Scott Morrison said on Friday.
Buhari submits Nigeria's budget to parliament
The proposal sent to both chambers of Parliament on Thursday is only marginally lower than the record 10.59 trillion naira budget approved in December by Buhari. It follows the inclusion of new items,
Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar
‘We have had a very good winter harvest this time
Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil
Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
SA company probed for non-delivery of PPE to Botswana, bank account frozen
The companies ordered the equipment from Proverbs Medical (Pty) Ltd and paid R1 million but allegedly did not receive the goods.
Akwa Ibom Assembly suspends two local government chairpersons
The chairpersons of two local government areas in Akwa Ibom State have been suspended indefinitely from office by the Akwa Ibom State House of Assembly.
Pay.UK rolls out Request to Pay framework
Pay.UK has issued the message standards, rules and terms and condition for the development of Request to Pay services.
Details Emerge From Eli Apple’s Contract With Carolina Panthers
New details have emerged from Eli Apple's contract with the Carolina Panthers. Here's the latest on his new deal.
Stocks could trade 'drastically lower' on breakdown in trade between China and US, JPMorgan says
JPMorgan has turned cautious on equities after being bullish for months, according to an analyst noted published by Marko Kolanovic on Thursday....
Be careful in dealing with material info disclosure to investors: Sebi warns TCS
The regulator has asked the IT major to provide adequate and timely information.
D-backs cut about quarter of staff with layoffs, furloughs
The Arizona Diamondbacks have laid off or furloughed about one-quarter of the team’s employees because of lost revenue due to the coronavirus pandemic. The organization made the moves on Friday....
New self-employment grant and furlough details: What does it all mean?
Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.
HRI announces full jumps programme up to start of August
Three days of Galway Festival will be jumps-only
Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom
The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.
Sebi warns TCS over disclosure of material information to investors
Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors
Delhi govt for opening neighbourhood religious places, shops in malls on odd-even basis post May 31
However, the Delhi government is not in favour of allowing cinema halls, schools and colleges to open after May 31, when the fourth phase of the nationwide lockdown would end.
India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20
According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.
Resilient Square Stock Will Defeat the Bears
SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.
Are Jobs Returning In Reopened States?
States open the longest have been a mixed bag.
EU Releases 500 Million Euro Final Loan Tranche To Ukraine
The European Commission has approved the disbursement of the second and final 500 million-euro tranche of its macro-financial assistance to Ukraine.
Chelsea hesitant about Timo Werner’s price: Pickiness or stinginess
The Timo Werner saga continues with Chelsea and other English clubs unwilling to match his buyout. Is that pickiness or stinginess on the club's side? Timo...
France's tourism industry asks itself: can we save summer?
PARIS/NICE, France (Reuters) - Serge Coeroli has given the shelves behind the bar of his Paris restaurant a new lick of paint, in anticipation of customers returning now that lockdown rules in France are easing.
Lockdown 5.0: Public, private employees to resume work from June 8 in Bengal, says Mamata Banerjee
Announcing new guidelines for the fifth phase of the coronavirus lockdown, Banerjee said that religious places will reopen but schools will remain closed
No going back to normal way of working, Shropshire Council staff told
Permanent changes will be made to the way Shropshire Council operates when the country emerges from the coronavirus pandemic.
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
CAF approves financial support member associations
The financial support towards member associations comes at time when a few weeks ago topflight teams and its secretariat requested for support.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue ...
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
The 5 Best 5G Stocks on the Market Today for Investors
From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.
Powell: Fed to soon begin 'challenging' Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies
SaskTel will continue to waive data overages until June 8
Starting June 9th, SaskTel says it will begin charging overage fees again. However, people's data caps should reset that day as well.
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Delhi HC vacates order restraining Vedanta from invoking bank guarantees
Senior advocate Harish Salve appearing for the Vedanta submitted that at the outset the law relating to Bank Guarantees is very well settled
Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%
Agriculture, govt spending saviours; industrial, services growth shrink
Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove
Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each
Gold Mining Stocks Flip From Losses To 5x Leveraged Gains
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next
Sign of Some Upside Ahead for Boeing Stock
Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
Govt to pay back $721m wrongly raised through robodebt
Finally bites the bullet.
‘Can govt. grant exemption to all factories from law extending working hours?’
The Karnataka High Court has directed the State government to explain if it can grant to all factories exemptions from the provisions of the Factories Act allowing the factories to extend working hour
CAN urges FG to ensure immediate release of kidnapped Nasarawa State Chairman of association
The Christian Association of Nigeria (CAN) has called on the Federal Government to deploy all necessary resources to ensure the release of the Chairman of CAN, Nasarawa State, Bishop Joseph Masin, who was kidnapped on Wednesday night, May 27, 2020, by gunmen.
European Tour’s restructured 2020 schedule may be “a glimpse into the future”, says chief executive Keith Pelley
The restructured European Tour schedule for 2020 might be less of a temporary arrangement to rescue events from the coronavirus but “a little bit of a glimpse into the future”, says Chief Executive Keith Pelley.
The return of Serie A: What's at stake
Italy's Serie A has been given the all-clear to return on June 20 after a three-month enforced absence in one of the epicentres of the coronavirus pandemic.
Pie Insurance Secures $127 Million Through Latest Investment Round
Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the fundin
Ensure release of Nasarawa chairman, CAN tells FG
Kayode Oyero The Christian Association of Nigeria has called on the Federal Government to deploy all necessary resources to ensure the release of its Chairman in Nasarawa State, Bishop Joseph Ma...
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Denmark and Norway Exclude Sweden From Travel Deal
The idea of travel bubbles, or travel corridors, is gaining traction with governments around the world as a way to restart international travel while limiting the risk...
HBO Max witnesses 90,000 mobile downloads on first day, trailing rivals
That number is far less than the tally for Walt Disney Co.’s Disney , which attracted 4 million mobile users on its launch day back in November.
CBA says crisis reinforces its X15 mission to create new start-ups
CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
B.C. looks to staycations to save tourism
Destination BC has produced a draft plan for a June campaign launch if the provincial health officer approves of the next phase of the province’s restart
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript
Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Liquor not a fundamental right, Delhi government
Trade or consumption of liquor is not a fundamental right and the state has the authority to regulate its sale, the AAP government has told the Delhi High Court maintaining its levying 70% ‘special corona fees’ on MRP of all alcohol brands is a price for grant of such privilege to the public.
Best of BS Opinion: Diversity in boardrooms, earnings drought, and more
Here is a summary of Business Standard opinion pieces for the day
Europe moves ahead with lockdown easing, but caution in Asia
In a bit of happier news in Asia, a Bali zoo names a newborn giraffe after the virus
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11
EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe
World Bank suggests possible extra replenishment of IDA lending arm
WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
Simple Job Process for Class IV to begin soon
Simple Job process for Class IV to begin soon No oral test for posts upto Pay Level 5 Recruitment process to start with Class IV vacancies HIGHLIGHTS Written Test marks to have primacy in selection No interviews No documents including Domicile certificate required at time of filling application form Additional weightage of 5 marks 1. For […]
The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript
The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -
FSDC meet: Govt, regulators to step in with more liquidity measures
Both the Centre and the regulators have stepped up focus on “avoiding a prolonged period of dislocation in financial markets”, the council added.
Lack of adequate funds, labour among challenges faced by projects in India: Survey
Promoters in the Indian projects fraternity find getting adequate funds at reasonable interest, finding labourers matching the skills of those who have left for their hometown.
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance
RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.
Beer company bashes Astros with new brew
(Reuters) - Major League Baseball fans deprived of the opportunity to heckle the Houston Astros for the 2017 sign-stealing scandal have been offered the chance to make their point from home by drinking a beer.
Number of FDI projects in Northern Ireland fell last year, but report finds US investors largely unfazed by Brexit
THE number of foreign direct projects in Northern Ireland fell by 15 per cent last year, but a new survey from EY suggests overseas investment should remain relatively resilient despite the impact from coronavirus.
Banks free to do due diligence on guaranteed MSME loans
Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.
India's economy may have grown at slowest in 2 years during March quarter
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
Industry chorus: Package not much help, govt must do the heavy lifting
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
CBA: Huge fiscal stimulus props up household income
Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:
German union accuses Volkswagen of 'management errors' that put jobs at risks
Germany's biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other "errors", saying management had ...
State-specific solutions needed for discoms’ problems: PM Modi
Prime Minister Narendra Modi said the Union power ministry should try and put in place state-specific strategies to improve their performance.
U.N. chief warns leaders coronavirus pandemic may cause historic famine | Honolulu Star-Advertiser
UNITED NATIONS >> The U.N. chief today warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
Trust demands new "lease of life" for historic Derry hall
THERE have been calls to find a new use for a Derry venue that has played host to suffragette Emmeline Pankhurst, former President Eamon De Valera and some of the biggest names in entertainment in the last 120 years.
PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions
California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.
Franklin Templeton to soon start e-voting process for winding up six debt schemes
Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.
Nearly 1 million people now applying for unemployment benefits in North Carolina
The North Carolina Department of Commerce continues to update its statistics regarding unemployment claims filed during the coronavirus pandemic.
Gold picks up a bid amid losses in the US stock futures
Gold, a traditional safe-haven asset, is drawing bids as the US stock futures are signaling risk aversion. The yellow metal is trading at $1,720 at pr
No proposal on formation of interim Govt in J&K: Raina
No proposal on formation of interim Govt in J&K: Raina ‘All propaganda, No reality ‘ Nasir Azam Srinagar, May 28: The Bharatiya Janta Party on Thursday said there is no proposal with the Centre about formation of interim government or advisory council in Jammu & Kashmir. Talking to news agency Ravinder Raina, BJP’s J&K UT president, […]
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
BookMyShow lays off, furloughs 270 employees
Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects its revenue to be "greatly reduced" in the coming months, hit by the COVID-19 pandemic and lockdown.
EPL announces June 17 restart
The English Premier League season will restart on June 17, provided all safety requirements have been put in place, the league said on Thursday (May 28), after meeting with all 20 clubs. The season, with 92 fixtures still to play, will get underway on the Wednesday date...
Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains
Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity
GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years
Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.
Delhi Confidential: Ministry of Home Affairs Facebook page shares pic of whisky bottles
Ever since West Bengal Chief Minister Mamata Banerjee spoke out angrily against the Centre in a meeting held by the Prime Minister, officials say it has become a matter of interest what will be said between the Centre and West Bengal at these meetings.
Sanwo-Olu, Abiodun, Makinde account for stewardship in 365 days
With the coronavirus (COVID-19) pandemic, which has negatively impacted socio-political and economic activities across the world in the last three to five months, it may not be possible to pass a critical assessment...
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Pakistan: Investigators find Rs 30 million in cash in crashed PIA aircraft wreckage
Flight PK-8303 from Lahore to Karachi crashed in a residential area near Karachi International Airport on Friday, with only two passengers miraculously surviving the crash. The investigators have now found Rs 30 million in cash in the wreckage.
Jan Shatabdi trains to operate with fewer stoppages from June 1
The Jan Shatabdi special trains between Thiruvananthapuram and Kannur/Kozhikode will lose four stops.
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
US restaurants concerned over sales losses due to capacity constraints
A survey of 2,500 US consumers conducted this month found that three-quarters planned to avoid restaurants or dine out less frequently, according to Wall Street firm Cowen
Pandemic job losses slow down
The pace of job losses is slowing but still extreme, setting the expectation that job loss will still be at a historic high next week.
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France
French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…
Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Water market may not be 'good thing for the country', Basin chief says
The Murray Darling Basin Authority chief says water markets favour high-margin crops over traditional industries at the cost of regional communities.
‘Oil revenue may drop further to 25 per cent of budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed
Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill
Bharti Infratel hits over 3-month high; zooms 100% from March lows
The stock rallied 8% per cent to Rs 243 in the intra-day deals today, and was quoting at its highest level since February 14, 2020 on the BSE
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
Power distributors sue FG over business interference
Okechukwu Nnodim, Abuja Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power fi...
Global economy will not survive US-China tension
Both countries must work out their differences to avoid another world economic meltdown
Merkel Is Seizing Her Chance to Revolutionize Germany's Economy
(Bloomberg) — On a gloomy Friday in March, with the devastation of the coronavirus becoming clear, senior officials in Chancellor Angela Merkel’s government realized that extraordinary measures were needed to shore up Europe’s largest economy.
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
Aimia vows to fight Air Canada's court move to halt upcoming merger
TORONTO — Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
UK may extend rights, provide ‘pathway to citizenship’ for BNO passport holders
The UK says it may expand the privileges of Hong Kongers who hold a British National Overseas (BNO) passport—which could eventually allow them citizenship—if Beijing enacts a national security law in Hong Kong "If China goes down this path...
Remark Holdings, Inc. (MARK) CEO Kai-Shing Tao on Q4 2019 Results - Earnings Call Transcript
Remark Holdings, Inc. (NASDAQ:MARK) Q4 2019 Earnings Conference Call May 28, 2020, 04:30 PM ET Company Participants Brian Harvey - Director of IR and Capital Ma
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
Everything shoppers will be banned from doing when stores reopen
Rules and restrictions will be in place for stores and shoppers
CBN forecasts slower growth, reduces lending rate to 12.5%
Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
Row over N50b AMCON’s bailout, new loans for aviation
The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.
DMO faults Reps, says lawmakers approved $3.18bn Chinese loans
Ihuoma Chiedozie, Abuja The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved...
Anger in China at law ordering 'cooling-off' period before divorce
Chinese couples seeking a divorce must first complete a month-long ‘cooling-off’ period according to a new law passed on Thursday
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
UK PM’s adviser Dominic Cummings considers quitting later this year: report
Cummings' behaviour has been criticised by politicians from all major parties, but Boris Johnson has said he wanted to move on from the topic.
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
Never said India lost deliberately to Eng in 2019 WC: Stokes
England all-rounder Ben Stokes has denied the claims that in his latest book “Ben Stokes on Fire”, he suggested that India deliberately lost to England at the 2019 World Cup in the round-robin stage.
Stine Goya on Rethinking Scale — and the Runway
The popular Danish label's creative director and ceo speak of their decision to skip two fashion week seasons, scale down collections and accelerate their sustainability commitments.
Are low-interest rates making you jittery? Consider P2P lending
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
Euro zone flash inflation at four-year low in May
Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May
Here are 7 of the top chart patterns used by technical analysts to buy stocks
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...
Sonu Sood helps 167 migrant workers go home to Odisha
Special flight arranged for labourers from Kochi.
Traditional owners consider billion-dollar shot at Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Pubs with beer gardens will be first to reopen
Venues with outside spaces will likely be the first to reopen with strict social distancing measures, a minister has said.
Chelsea face having to pay £27m release clause for target as they eye Plan B option to Sancho
Hefty fee for a Plan B option...
Rollover crash by mall
It wasn't the start to Friday two drivers were hoping for.
EU weighs China policy amid concern over Hong Kong moves
BRUSSELS — European Union foreign ministers debated Friday ways to manage tense relations with China as it asserts more control over Hong Kong and amid concern about Beijing’s influence over EU officials.
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Gold clings to gains near session tops, around $1725 region
Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
BookMyShow cost-cutting to hit 270 employees
Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.
Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst
Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis
What’s Keeping Stocks Afloat? The ‘Microsoft Market’
The tech giant is a mainstay of the industry that lets companies, governments and people navigate disruptions caused by the coronavirus and other threats.
AUD/USD: The key resistance area at 0.6658/6706 continues to cap any attempt to break higher – Credit Suisse
AUD/USD is seeing a further attempt to break above the pivotal resistance zone at 0.6658/6706, which ideally continues to cap, according to analysts a
South Korea: Lower rates and GDP downgraded – UOB
UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
Andhra Pradesh HC asks Nimmagadda Ramesh Kumar to be reinstated as SEC in blow to Jagan govt
Andhra Pradesh High Court has caused much embarrassment to the Jagan Reddy govt and asked Nimmagadda Ramesh Kumar to be reappointed as Andhra Pradesh SEC. Jagan govt had removed him in April.
Foreign Direct Investment inflows into Tamil Nadu declined by 8.5% in 2019-20
A senior State government official however said it had been a good year for investments for Tamil Nadu
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
National Marker Company (NMC): High-quality custom signs endorsed by Carroll
National Marker Company (NMC) has been providing high-quality safety identification products and custom signs for more than 80 years.
Europe reaches a tipping point over China’s Hong Kong gamble
European anger is palpable, and there are signs that China’s moves could have ramifications further down the line, by speeding European efforts to adopt a more unified industrial policy and influencing decisions on the role of Huawei Technologies Co. in 5G networks.
Canadian companies are slow-walking, not running, back to the office
Nearly a third of respondents in a recent survey feel the safest course, for now, is to ask employees who are currently working from home to keep working from home
Don't think MS Dhoni would come back to play for India: Syed Kirmani
Former India wicketkeeper Syed Kirmani has rated MS Dhoni as the best-ever India captain in the history of the game and expressed his opinion on India star's future plans.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
EXCLUSIVE: Staff to be made redundant at Tayside manufacturer after slump in orders
A Tayside manufacturer is to make dozens of people redundant as Covid-19 has resulted in a slump in orders.
Google's interest positive but may not help solve Voda Idea's debt woes
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note
The Smartest Stocks to Invest $2,500 Into Right Now
Your pocketbook will thank you if you hang onto these quality companies for the long term.
Opinion: The China-Canada ‘relationship’ is not worth saving
Ottawa’s constant tiptoeing around Beijing’s many aggressions signals a weak-kneed willingness to kowtow in the name of a friendship that doesn’t exist
Gold price flat ahead of Trump’s Hong Kong response
Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
Kangana Ranaut aims to become one of the richest people in India by 50
Kangana Ranaut has had an ambitious career despite the criticism she has faced over the years. She is now planning to rise to the top, not just career-wise but financially as well. “To be honest, I never thought I’d come this far. I never had these as my primary ambitions. I didn’t have material ambitions. […]
Debt market’s love for G-Secs & PSU papers is here to stay
Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities
The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.
Modi 2.0 fulfils BJP's core agenda in first year but COVID-19 throws new challenges
With the BJP-led National Democratic Alliance government marking its first anniversary on Saturday, the first year is likely to be remembered for the fulfilment of decades-old Hindutva demands as Prime Minister Narendra Modi used the huge majority his party won in the 2019 Lok Sabha polls to push through its core agenda.
An economic turning point for Europe?
The coronavirus may finally shock the continent out of its austerity mindset
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
What every Canadian investor needs to know today
A look at the morning’s market action
Finance ministry not in favour of raising GST rates on non-essential items
Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
Coronavirus effect: UK car production likely to drop to lowest level in decades
Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis
Labrador Gold announces private placement to raise $3.5m
Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).
Robodebt: government to refund 470,000 unlawful Centrelink debts worth $721m
Debts raised under the Coalition’s unlawful income-averaging scheme will start to be repaid in July
Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again
The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
CMCO: SOP compliance of foreign construction workers in Penang improving, says exco
GEORGE TOWN, May 29 — The awareness to comply with standard operating procedures (SOP) of foreign workers in the construction sector in Penang continues to show an increase, said state Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo. He said, as of...
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Market Drayton launch new charity trust
Market Drayton Town are launching a charity trust aimed at growing links with the community by giving young people a unique opportunity to develop sporting and social interests.
Equities drop as Trump lines up China response
HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action
KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
EUR/USD Forecast: Looking for a Fresh Chance to Buy
The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy
Indonesia ‘very concerned’, condemns Israel’s West Bank plan
Foreign Minister Retno LP Marsudi says she has spoken with representatives of various countries and international organizations, including the United States, to raise Indonesia's concerns about Israel's further annexation into parts of the West Bank.
British Airways may outsource work of 450 redundant employees
Exclusive: airline’s proposals also include closing operation at Heathrow Terminal 3
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
Lagos supports 2,204 businesses in one year to reduce unemployment
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
Nigeria: FG pushes conclusion of the electricity deal with Siemens
President Buhari has instructed commencement of the next phase of the Siemens contract to upgrade the dilapidated electricity supply industry in Nigeria.
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
China plans to extend curbs on international flights until June 30 – US embassy
Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.