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

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

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

Humpty Sharma Ki Dulhania Box Office: Here’s The Daily Breakdown Of Varun Dhawan-Alia Bhatt’s 2014 Rom-Com

Humpty Sharma Ki Dulhania Box Office: Released in 2014, the romantic comedy featuring Varun Dhawan and Alia Bhatt was one of the most loved films of the year. Directed by Shashank Khaitan, the film

Deepak Nitrite standalone Q4 net doubles to ₹116 crore

Deepak Nitrite Limited standalone net profit more than doubled to ₹116 crore for the quarter ended March 2020, as against ₹57 crore, in the corresponding quarter a year ago, indicating 104 per cent ju

Tech View: Nifty close above 20-DMA may be signalling new leg of upswing

Nifty may face resistance at 9,500 level and have support near 9,250, said analysts.

Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today

NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.

Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%

For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore

Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms

For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.

Is Levi's Stock a Buy?

Stores are starting to reopen, and the stock is trading well off its recent highs.

Coinbase Strengthens Institutional Focus, Acquires Leading Crypto Brokerage

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

A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback

A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of

Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)

Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]

States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari

He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.

European stocks climb as investors eye bigger-than-expected EU stimulus plan

European stocks climbed on Wednesday, amid reports the European Union will announce a bigger-than-expected €750 billion stimulus program for the region’s...

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

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

Stabilus: A New Wave In Auto Components Business Concentration

Stabilus is not only a German industrial provider for the automotive industry - 60% revenue -, but also for other industries - 40% revenue. It produces gas spri

Merlin Properties - One Of The Largest European REITs

In this article, we'll take a more comprehensive look at Merlin Properties, a European REIT found in Spain. The company has an appealing blend of real estate in

It's A Bird, It's A Plane, It's Brookfield Property REIT

Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p

5 Dividend Kings to Buy and Hold Forever

The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.

Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga

‘Tractors and two wheelers will continue to do well as rural economy is in robust health

Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline

Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a

BitGo Launches Crypto Brokerage for Institutions

BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.

Don’t Be One of Those People Betting on a Chesapeake Stock Rebound

Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.

Top investor in Italy's Nexi cuts stake as M&A looms

MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.

Ireland suspends beef exports to China after atypical BSE case confirmed

There are no public health risks associated with this case.

Export of Irish beef to China temporarily suspended

The Department of Agriculture has confirmed that the export of Irish beef to China has been suspended temporarily after a 14-year-old cow tested positive for 'Atypical BSE'.

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

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

Dollar slips amid vaccine hopes as Japan reopens

Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in yesterday’s trading session. Fickle dollar supply by corporate players was evenly matched by a dearth inactivity on the foreign currency demand counter that left the home unit stuck within the 3780-3800 trough versus the buck. The USDUGX currency pair looks settled, and will probably remain within the present levels in the interim, barring fresh factors coming into play. The U.S. dollar struggled from a sell-off of safe-haven assets as investors became more optimistic about the global economy’s recovery. With more nations easing their lockdown restrictions, traders are hopeful that we could see a faster – than – expected rebound in the global economy.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.

The rise of digital taxes during a pandemic

 This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.

EU to unveil massive stimulus plan for post-coronavirus recovery

To help member states recover from coronavirus slump.

Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]

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

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

Stalin demands new TN budget for 2020-21 in view of pandemic

DMK president M.K. Stalin on Wednesday urged Chief Minister Edappadi K. Palaniswami to present a new budget for 2020-21 in view of the crisis caused to the financial health of the state by the COVID-1

Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago

A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.

RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic

Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago

Cybersecurity firm K7 computing revamps its strategy to increase market share

Chennai-based K7 Computing Pvt Ltd., a cybersecurity company, has unveiled a revamped go-to-market strategy to expand its consumer market presence by aligning its sales and marketing plans with the ch

StoneCo Ltd. (STNE) CEO Thiago Piau on Q1 2020 Results - Earnings Call Transcript

StoneCo Ltd. (NASDAQ:STNE) Q1 2020 Earnings Conference Call May 26, 2020 17:00 ET Company Participants Rafael Martins - Investor Relations Thiago Piau - Chief E

Factbox: Key spending in Japan's second stimulus package of $1.1 trillion

TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

Woolworths scraps dividend, reviews Australasian real estate assets

As Covid-19 pandemic impact weighs.

German chipmaker Infineon raises 1.06 billion euros with capital increase

German chipmaker Infineon Technologies raised about 1.06 billion euros (US$1.16 billion) by issuing new shares to partially finance its US$10 ...

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

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

EU Commission: European recovery plan and next long-term budget to use €1.85 trillion

The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t

ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)

ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]

Cash isn’t what it used to be

If SA can't get its budget deficit under control, how do investors preserve their capital?

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

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

Report: Quibi advertisers look to defer payments following disappointing launch

If you’re unfamiliar with Quibi, it’s a $4.99 per month subscription-based streaming platform packed with scripted and unscripted content that runs from around seven to ten minutes. It managed to attract plenty of big-name stars for its launch slate, including…

Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul

Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh

Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr

The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA

Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry

COVID-19 exposed structural deficiency of Nigeria

In the preceding editions, much of the focus has been on the medical response to the novel coronavirus disease, both in Nigeria .

Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]

LATAM becomes largest airline driven to bankruptcy by coronavirus

(Reuters) - LATAM Airlines Group (LTM.SN), the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.

Playing Chicken With An Aeroplane

Of the three companies, LATAM, who just filed for chapter 11, is the only one with enough cash to cover their expenses for this year. The debt to asset ratios d

Royal Bank: Fiscal 2Q Earnings Snapshot

TORONTO (AP) _ Royal Bank Of Canada (RY) on Wednesday reported fiscal second-quarter earnings of $1.11 billion. The bank, based in Toronto, said it had earnings of 74 cents per share. Earnings, adjusted for non-recurring costs, were 77 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts …

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore

Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus

The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.

USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows

The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit

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

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

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

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

Future Retail to raise up to Rs 650 crore to reduce debt

The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.

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

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

3 Stocks to Buy After You Take Profits on Wayfair Stock

Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks. 

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

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

10 things you need to know before the opening bell

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

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

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

10 things you need to know before the opening bell

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

Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)

Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]

Walmart, ThredUp Join Forces For Second-Hand Clothes

Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27).

Wall Street Breakfast: Blastoff!

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec

Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19

Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.

5 Stocks to Start Investing in 2020

These top businesses can form the foundation of your investment portfolio.

AfDB board bows to US pressure to probe its president

Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the

Otrium is Trying to Solve Fashion’s Inventory Problem

The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.

Kuwait's stocks reclaim some lost ground

But it will take a lot to head back after billions got wiped out in COVID-19 panic

EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund

Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."

5 Investment Trends to Profit From a Post-Coronavirus World

A look at some investment themes relevant in the post-COVID-19 world.

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

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

Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]

B2B credit network Fundbox secures fresh investment from MUFG

US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.

FG needs to call OGEFZA management to order –Free trade zones stakeholders

OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the

Brussels wants €750bn borrowing power to fund virus recovery

European Commission president Ursula von der Leyen must win backing from reluctant capitals

EU unveils unprecedented 750 bn euro recovery plan

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

Virus sparks record drop in energy investment: IEA

The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.

Virus sparks record drop in energy investment: IEA

All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said

The daily business briefing: May 27, 2020

Stocks rise after NYSE trading floor reopens, energy investment makes record drop due to coronavirus crisis, and more 

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

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

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

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

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

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

SNB's Jordan: Willing to intervene in currency markets more strongly

Swiss National Bank (SNB) Chairman Thomas Jordan said on Wednesday that they do not expect a rapid economic recovery and noted that it was very diffic

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

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

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

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

Sarb says lenders can handle coronavirus crisis

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

The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing

Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.

Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)

Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]

Citi kicks off Eni gas sale with $US165m free-cash-flow pitch

Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.

ICare set to buy 23 homes to avoid families being evicted

APPROVED housing body iCare has negotiated a multi-million euro loan facility from AIB to allow it to buy more homes from distressed mortgage holders.

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

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

Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update

Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C

AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]

Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]

Coronavirus pushes global credit rating downgrade threat to record high

LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.

Coronavirus pushes number of S&P credit-downgrade warnings to all-time high

A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning.

Local News Stations Run Propaganda Segment Scripted and Produced by Amazon

Local news stations across the U.S. aired a segment produced and scripted by Amazon which touts the company's role in delivering essential groceries and cleaning products during the COVID-19 pandemic, and its ability to do so while "keeping its employees safe and healthy." From a report: The segment...

Gaming Is a Billion-Dollar Opportunity for Amazon Stock

Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.

Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism

The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.

Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism

The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.

Average monthly salary EUR 1,100 in Latvia

Data released by the Central Statistical Bureau (CSB) May 27 show that in the first quarter of 2020 the average gross wages and salaries for full-time work increased by 6.6 % or EUR 68 and comprised EUR 1,100.

Technicolor abandons plan for EUR 300 mln rights issue, seeks new EUR 400 mln financing

Technicolor said that it has been unable to go ahead with its previously announced EUR 300 million rights issue, due to the unprecedented crisis caused by the Covid-19 pandemic. It has instead entered talks with some of its creditors and with third-party investors to obtain a new EUR 400 million financing, indicating that so far it has received indicative offers from one investor and from one of its existing lenders.

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

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

IndexIQ Advisors LLC Trims Stock Position in Catchmark Timber Trust Inc (NYSE:CTT)

IndexIQ Advisors LLC cut its holdings in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,717 shares of the financial services provider’s stock after selling 1,785 shares during the period. IndexIQ Advisors LLC owned […]

Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]

USD/JPY: Gaining bullish strength

The USD/JPY pair continues to trade within familiar levels, now hovering around 107.70 with a mildly bullish bias, according to FXStreet’s Chief Analy

CBI books rice mill, three directors in ₹100 crore cheating case

The directors of the rice mill allegedly obtained credit facilities from the SBI’s commercial branch in Haryana’s Karnal by misrepresentation of facts, says a CBI spokesperson

UK Fintech SumUp Launches Payment Tools to Help Businesses Conduct Operations while Observing Social Distancing Measures Due to COVID-19

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing meas

ANJARWALLA & SEJPAL: Making insolvency laws in Kenya more

Covid-19 has resulted in individuals facing daunting health and economic prospects.

Government furlough scheme now covers 8.4 million workers

At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.

One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

Skinbiotherapeutics (LON:SBTX) Shares Down 1.5%

Skinbiotherapeutics PLC (LON:SBTX) dropped 1.5% during mid-day trading on Monday . The stock traded as low as GBX 16.68 ($0.22) and last traded at GBX 16.75 ($0.22), approximately 423,279 shares traded hands during mid-day trading. An increase of 62% from the average daily volume of 261,826 shares. The stock had previously closed at GBX 17 […]

NHAI offers 'COVID loan' to private operators at 2% more than bank rate

The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020

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

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

Russell 2000: Change to a bullish outlook above the April high at 3024 – Credit Suisse

Analysts at Credit Suisse continue to see scope for a test of a tough resistance at 1429/50 while support is seen higher at 1361/55. Key quotes “We se

Data of 4 crore Indian users of Truecaller up for sale on dark web: Report

Cybercriminals have leaked personal data of over four crore Indian users of the Truecaller app on the dark web, according to recent reports.The leak has been detected by cybersecurity researchers at C

Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Open banking investment higher in the UK than any other European country

Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.

SMBs Can Apply for Full Paycheck Protection Program (PPP) Loan Forgiveness

Small businesses can now apply for a full paycheck protection program (PPP) with loan forgiveness. To qualify organizations must show 75 percent of their loans were used on payroll and the other 25 percent was spent on expenses like rent or utilities.

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

That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group

VMLY&R India wins the digital mandate for Colgate-Palmolive

The agency will encompass digital campaign planning, creative thinking, as well as social listening

Sotto: Gov’t needs to rebuild economy

SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).

Facebook rebrands digital wallet to escape Libra

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

Natixis IM Makes Strategic Investment in UK Savings Fintech

Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.

ABB On How Smart Cities Can Emerge Stronger Out Of The Pandemic

Experts think that far from a bad economy slowing down smart-city investments, the need to prepare for the next crisis will promote even faster infrastructure upgrades. In the latest Intelligence of Things Tracker, Michael Lotfy, senior vice president of smart-buildings solutions for global electrical-technology company ABB, explains how smart-city systems and 5G can help communities weather today's crisis — and emerge even more resilient than before.

Celine Set to Open on London’s Luxury Hotspot: New Bond Street

LVMH Moët Hennessy Louis Vuitton is set to move Celine to New Bond Street next year while the Mount Street unit will remain open.

GoBear raises $17 million for underbanked play

Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.

Bollore's Shares Are Cheap, But Value Still Mostly Rests On Unwinding Complex Structure

Bollore is a French conglomerate with a history dating back to the early 19th century that today owns investments concentrated in logistics and media. A complic

Crypto.com Expands Card To 31 Countries

i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.

Mafia 3: Definitive Edition’s Xbox One X enhancement is actually 900p

The recent release of Mafia 3 Definitive Edition has been borked on Xbox One X as the promised 4K enhancement turns out to be a low 900p.

Enough Xbox Series X Units Will Be Available At Launch, Phil Spencer Says

Phil Spencer recently commented on the Xbox Series X production, saying he feels confident that there will be enough units at launch

Low-income families are spending more on food since March, says report

Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.

Beyond Twiplomacy: Diplomacy and the Digital Fast Forward

The practice of diplomacy in the virtual space is geared towards amplifying foreign policy drives and messages and forms a vital and dynamic branch of strategic communication. Now, more than ever before, we are faced with the inexorable certainty of a digital future – a future that has already begun. As COVID-19 thrusts the world’s […]

Knauf calls in the bankers as Aus building materials sector in play

German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm. 

Parliament: Oral Questions - 27 May 2020

© Scoop Media

Bulgaria: Newly Employed Persons Higher than Registered Unemployed in May

For the first time since the beginning of the Covid-19 crisis in Bulgaria, the number of newly employed persons is higher than those newly registered at the employment offices. In the week of May 18-24, a total of 8,028 people found jobs, while the newly unemployed persons numbered 7,225, the National Statistical Institute reported.

ANJARWALLA & SEJPAL: Employment laws and Covid-19

It will be important to seek to achieve fairness for both employers and employees.

Kenya’s Biggest Source Of Foreign Currency Is Bleeding Dangerously

Kenyans abroad are sending a lot less money back home Like many low- and middle-income countries, remittances — which are basically funds sent home by nationals living/working abroad — play a significant role in supporting families, improving living standards, and generally bolstering the local economy. But remittances have nosedived since COVID-19 went from outbreak to pandemic, and in Kenya where funds repatriated from abroad are the biggest source of foreign currency, things may be going very south. Data from the Central Bank of Kenya (CBK) indicates that the country’s biggest source of foreign capital inflows is shrinking. Last month, Kenyans living outside the country sent home all of USD 208 Mn, some 9 percent less than the amount sent home in March. The dip in remittances is not unconnected to the shocks caused by the global pandemic and the situation might yet worsen. The country’s apex bank expects funds sent back home to shrink by as much as 15 percent for the whole of this year. The plunge is also…

Coronavirus outbreak at S. Korea e-commerce warehouse drives spike in new cases

South Korea reported the highest daily number of new coronavirus cases in 49 days on Wednesday, as one of the country's largest e-commerce companies battled an outbreak linked to a now-shuttered logistics facility.

South Korea reports 40 new coronavirus cases, biggest jump in nearly 50 days

More than 2 million high school juniors, middle school seniors, first and second graders and kindergarten students were expected to return to school on Wednesday.

South Korea reports spike in coronavirus cases

More than 2 million students, including kindergarten students, were expected to return to school on Wednesday

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

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

Mackay Shields LLC Takes $956,000 Position in Turning Point Therapeutics (NASDAQ:TPTX)

Mackay Shields LLC purchased a new stake in Turning Point Therapeutics (NASDAQ:TPTX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,400 shares of the company’s stock, valued at approximately $956,000. Other large investors have also recently added to or […]

Open garden event in Lady Bay moves virtual in response to pandemic

A special Facebook group has been set up

Gartner cancels annual South African IT conference for 2020

Analyst firm Gartner has cancelled the South African leg of its IT Symposium/Xpo event, which was due to take place in Cape Town in October, due to the Covid-19 pandemic.

Mum shares genius ice lolly hack which stops kids dropping them

No more sticky floors.

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

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

Your bubble is ready: Plastic pods offer solution for COVID-19 dining

Strange contraptions are among experiments restaurants are trying to lure back clientele

Congress has turned a laboratory of political hypocrisy during pandemic period: Mukhtar Abbas Naqvi

Mukhtar Abbas Naqvi said instead of creating confusion among people, the Congress should try to become a part of confidence building measures in these hours of crisis.

EU's objective: More than 2.6 billion cars to use hydrogen by 2030

Europe is at the beginning of a transition to becoming climate-neutral, with the European Union's objective being to have more than 2.6...

For writers, the lockdown has helped a lot to connect with the muse, says author Anand Neelakantan

He feels that thanks to India’s huge population, even taking into consideration the dire straits of India’s poorest, there are sufficient people in India to trigger another consumer boom

China says situation "stable and controllable" at India border

Several areas along the LAC in Ladakh and North Sikkim have witnessed major military build-up by both the Indian and Chinese armies recently, in a clear signal of escalating tension and hardening of respective positions by the two sides

Exclusive: Latest images show China's war threat may not be rhetoric

Fresh images from the European Space Agency show signs of movement in the Aksai Chin region as late as the third week of this month.

Holidaymakers from Birmingham could be first Brits allowed into Majorca

As coronavirus has led to the cancellation of holidays for hundreds of thousands of people, people from Birmingham may be allowed to board a plane to Majorca first

Ontario extends emergency orders for COVID-19 pandemic until June 9

TORONTO — The provincial government is extending its emergency orders for COVID-19 until June 9. Premier Doug Ford said the extension is meant to keep people safe during the pandemic and to maintain progress in containing the coronavirus.

EU proposing £670bn recovery fund in response to coronavirus pandemic crisis

The EU Commission is proposing a 750 billion-euro recovery (£670bn) fund to help the bloc’s economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said. Mr Gentiloni, who is in charge of economic affairs at the EU’s executive body, confirmed the size of the fund in a tweet.

EU proposing £670bn recovery fund in response to pandemic crisis

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

Central Bank of Russia Cancels Banking Licence of Morgan Stanley

The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.

How to succeed in a post-coronavirus job market, according to Vice’s SVP

“Staying inside with…,” picks the brains of experts to find out their favorite books, courses, movies, and podcasts they’ve been enjoying during lockdown.

Cognizant offers voluntary separation package to 400 mid, senior managers

Move aimed at IT services major’s US employees

Administrators deny South African Airways set to start flying

JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.

Hammerson chief executive to step down

David Atkins to depart as shopping centre owner grapples with coronavirus fallout

Advent Partners hones in on GP software biz

The Australian buyout firm is delving back into two of its favourite sectors for its latest investment. 

External attacks on cloud accounts increase by 630% with WFH: McAfee

In a study titled ‘Cloud Adoption & Risk Report – Work-from-Home Edition, based on anonymized and aggregated data from more than 30 million McAfee MVISION Cloud users worldwide, the firm revealed potentially long-lasting trends that include an increase in the use of cloud services, access from unmanaged devices and the rise of cloud-native threats.

All of McDonald's Irish drive-thrus to reopen by next Thursday

All 51 drive-thrus in Ireland will be open by 4 June.

The Halfords Code: Bike and car repair chain unveils how Covid-ready stores will operate with staff behind 'sneeze screens' and customer marshals - as 53 branches will fully reopen by Friday

During the UK lockdown, Halfords has been serving customers online and from car parks despite the Government saying that it was able to remain open.

Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works

KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...

The Wedge gets creative

Developers of a unique, six-storey downtown office building have come up with a creative way to solve their parking issue.

30 more test positive for COVID-19 in Uttarakhand, state tally reaches 431

30 more test positive for COVID-19 in Uttarakhand, state tally reaches 431: Thirty more people have been tested positive for coronavirus in Uttarakhand on Wednesday, taking the total tally of the state to 431, informed Harish Thapliyal, Public Relation Officer, All India Institute of Medical Sciences (AIIMS), Rishikesh.. Get all latest entertainment & viral stories on english.lokmat.com

Jaipur residents urge state government to do ‘surgical strike’ on locusts as insects swathe city

"I have been unable to sleep since Monday when I saw lakhs of these insects creating havoc in my house on Monday and Tuesday."

QCPD launches ‘Mobile Kitchen Project’ in cooperation with Christ’s Commission Fellowship

QUEZON City Police District (QCPD) Director PBGEN Ronnie S Montejo leads the launching of ‘Mobile Kitchen Project’ in cooperation with the Christ’s Commission Fellowship headed by its founder and Senior Pastor, Peter Fu Tan-Chi held recently in Brgy. Damayang Lagi, Quezon City.

China to roll out eleven measures to deepen financial reforms

The measures would include accelerating capital replenishment of small and medium-sized banks, further opening up the credit rating sector, promoting the steady development of the "panda bond" market, and stepping up crackdown on financial irregularities.

Amitabh Bachchan Supports the Needy by Distributing Food Packets and Ration

India has been hit badly with the outbreak of the pandemic and certain section of people are suffering with their daily needs. In such critical times our Bollywood celebrities are doing their best to help the needy and support them. Today a leading daily reports about Amitabh Bachchan’s philanthropic deeds he has indulged in ever since the lockdown has been announced.

New report raises wheat deficit fears

More than one-quarter of British wheat crops are in a very poor condition, according to the latest crop condition report from agricultural consultancy Adas.

Demi Lovato Lends Voice To ‘Pride Everywhere’ Campaign

Demi Lovato is all-in on the Trevor Project's Pride 2020 campaign. RELATED: ‘Entertainment Weekly’ Pride Issue Celebrates New And Enduring Hollywood Icons Lovato, 27, lends her voice to the Pride Everywhere promo in the video above. The campaign seeks to reach young LGBTQ people who are feeling isolated and unable to celebrate Pride amid the…

Dublin café owner looking to put in place portaloos to highlight lack of public toilets in city

Business owners are warning that a lack of public toilets in Dublin city will be a significant pr...

290 groups so far in Tipperary are preparing for annual Spring Clean

They will take to the hi-ways and bi-ways of the county to make the countrysides more beautiful

Lukewarm turnout at liquor shops not a cause for comfort

KARAIKAL Though there was no overcrowding in front of the IMFL, arrack and toddy shops in Karaikal on Monday and Tuesday, purportedly due to the price hike, social activists express apprehensions that