Economy 1948
Railways extends advance reservation period; No travel fare for migrants
Indian Railways has taken the decision to extend the advance reservation period (ARP) from 30 days to 120 days for its special Rajdhani trains as well as the Mail Express trains that will commence services June 1 onwards.
Punjab CM seeks cash transfer for poor people
Punjab Chief Minister Capt Amarinder Singh on Thursday demanded that the Centre give Rs 10,000 to the poor and provide financial assistance to small and medium enterprises to resume operation. In a video message as part of the Congress party's ''Speak Up India'' campaign, the CM said, "We want the
IIT BBS serves stranded migrants
The IIT Bhubaneswar upon the initiative of Director, IIT Bhubaneswar Prof RV Raja Kumar, served 1,008 packets of cooked and packed food to stranded migrant workers. Besides, water bottles were provided by the Unnat Bharat Abhiyan (UBA)of the Ministry of HRD. This apart, 2022 migrant workers
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global
Menstrual hygiene campaign launched
With an aim to create awareness about menstrual hygiene with the help of civil society organisations, Department of Women and Child and Delhi Commission for Protection of Child Rights (DCPCR) launched “Menstrual Hygiene Campaign” on Thursday on the occasion of ‘Menstrual Hygiene
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
Octogenarian stays hungry with mentally-challanged son, daughter
At the twilight of age, when parents want their children would take care of them, an octogenarian person, here, was forced to shoulder the burden of his family members as his two children were insane. Nrusingha Charan Behera of Ekalapur village under Kansar BadadaunduaGP of Mahakalapada
Rural public to get ownership of own plot
Now the rural public can enjoy the ownership of their own plot. The villagers will get the records of their rights after the survey of the rural settlements in the State. Property registers will also be prepared at the panchayat level from the database prepared under the scheme for the benefit of
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
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
Blast furnace workers produce hot metal amid pandemic
Even in the difficult times of the Covid-19 epidemic, there has been no let down in the spirit & enthusiasm of BSL blast furnace personnel. This team, which plays an important role in making hot metal in the steel production process is still playing crucial role in production by taking care of
The first tenet of true patriotism
Anominous and open attack on the very institution of High Courts was made by the Government of India yesterday, during a hearing before the Supreme Court.
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.
Relief for migrant labourers: Too late, too little
The govt’s measures for migrant workers won’t be of much effect. We must consider basic income transfers, otherwise we risk starvation due to indifferent public policy responses
Covid-19 crisis: UP sees sense on migrant workers, Maharashtra should too
A shortage of workers in one state or another could result in a spike in wage costs, throwing the economics of manufacturing or construction out of gear.
Covid-19 crisis and India’s next government
The Covid crisis has politicised a new crop of leaders who are young, smart, and committed to the country
Lockdown 5 – Still no respite to the common man’s plight
The lockdown is going to extend further for 5th time, people have already gone hopeless and clueless, and no one knows where to go from here
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
Slovak startup GymBeam nabs around €6 million for its fitness brand
Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi
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
Australia could include Pacific labourers in 'travel bubble' as $280m aid shake-up revealed
Money set aside for scholarship and volunteer projects will be redirected towards medical and humanitarian interventions in the region
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
MarTech Minute: Criteo’s Retail Media ad platform, Agilify Training’s virtual Scrum Master course
A quick round up of the latest marketing technology news and announcements.
Coronavirus pandemic | Maharashtra to give Rs 50 lakh insurance cover to frontline workers: Deputy CM Ajit Pawar
Pawar, who is also finance minister, said huge manpower is busy in surveying, tracing, testing, taking preventive measures and providing relief during the pandemic by risking their lives.
Rice sowing not progressed much after April 10: Agriculture Ministry data
It may be noted that sowing of rice and other kharif crops is being undertaken amid the COVID-19 lockdown. Although farm activities are exempted from lockdown rules, the reasons are not known yet for slow area coverage under rice.
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.
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.
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.
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.
Taking urgent steps for cremation of COVID-19 deceased, Delhi govt tells HC
The Delhi government told the court that 28 such bodies were cremated on Thursday and the last rites of the remaining 35 will be performed by Saturday.
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.
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.
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
Jaya's nephew and niece entitled to her properties: Madras HC
With regard to self acquisitions of Jayalalithaa, the petitioner and the respondent are the legal heirs as per Section 15(1)(d) of the Hindu Succession Act,1956.
Naredco-UP signs MoU with UP government to provide jobs to 2.5 lakh labourers
Around 1.25 lakh workers will be absorbed at project sites spread across Ghaziabad, Noida and Greater Noida in Delhi-NCR
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.
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.
Bombay HC notices on plea over cancellation of airport project award
As per the plea, Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), a joint venture company between Maharashtra Airport Development Company and Airports Authority of India (AAI), is now planning on issuing fresh tenders for the project.
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
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.
TikTok's rival Mitron app not made in India, bought for Rs 2,500 from Pakistani company: Report
It had earlier been reported that the Mitron App, which has clocked over 5 million downloads on Google Play Store, was developed by a student of IIT Roorkee and that it works exactly like its Chinese rival TikTok.
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
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.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
'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.
GDP numbers: Data collection affected due to COVID-19 outbreak, says government
The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.
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.
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.
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.
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
UN chief appreciates India's assistance to other countries during COVID-19 pandemic: T S Tirumurti
Tirumurti, who assumed charge as India's Permanent Representative to the UN last week, presented his credentials virtually as telecommuting arrangements are in place at the UN headquarters due to the COVID-19 pandemic.
Sun Pharma gains 5% on DGCI nod to initiate clinical trial of drug on COVID-19 patients
Nafamostat is approved in Japan for improvement of acute symptoms of pancreatitis and treatment of Disseminated Intravascular Coagulation (DIC).
COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.
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.
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.
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.
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.
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
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.
Coronavius pandemic | 2,211 police personnel found COVID-19 positive in Maharashtra; 25 dead
Of the total number of police personnel who succumbed to the infection, 16 are from Mumbai. Three others are from Nashik rural, two from Pune and one each from Solapur city, Solapur rural, Thane and the Mumbai ATS, the official said.
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.
'It is still too early to say that it is the end of the SIP trend'
SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.
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,
HC asks Delhi govt to file detailed reply on pleas challenging levy of 70% 'special corona fees'
The Delhi government had earlier filed its response to the petitions, saying that trade or consumption of liquor is not a fundamental right of a citizen and the State has the authority to regulate its sale and levying 70 percent 'special corona fees' on MRP of all alcohol brands is a price for grant of such privilege to public.
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.
RBI imposes Rs 4 crore penalty on Citibank
In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.
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.
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).
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.
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.
Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
ITC Hotels partners with Swiggy to deliver food delicacies at customers' doorsteps
The move would enable ITC Hotels' customers to enjoy their pre-paid orders with 'no-contact' deliveries and have unique food experiences with local offerings from the regions at their home, said a joint statement.
Delhi HC restrains OLX, Quikr from posting fake Reliance job ads on web portals
Justice Mukta Gupta, in two separate interim orders, said RIL and Reliance Jio Infocomm Ltd have made out a prima facie case in their favour and in case no ad-interim injunction is granted they would suffer an irreparable loss and balance of convenience also lies in their favour.
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.
Coronavirus pandemic | 2,682 new coronavirus cases in Maharashtra, 116 deaths; 8,381 recover
It took the total number of cases in the state to 62,228, death toll due to the pandemic so far to 2,098 while the number of recoverd patients jumped to 26,998, said a health official here.
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.
BEST decides not to charge bus ticket fares from migrants
A BEST spokesperson said that the decision was taken as per the directives of the Supreme Court.
India to expand Vande Bharat Mission to evacuate more Indians from abroad
MEA Spokesperson Anurag Srivastava said the government is also assisting return of stranded Indians from remote locations in Latin America and Caribbean, Africa, and parts of Europe.
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.
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.
Flight operations to return to pre-COVID-19 levels by Diwali: Hardeep Singh Puri
Domestic flight operations resumed in a staggered manner after a gap of two months on May 25.
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.
'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.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
Coronavirus pandemic | COVID-19 tally in Dharavi goes up to 1,715 with 41 new cases: BMC
Of the 41 new patients, as many as seven were found in Matunga Labour Camp locality of Dharavi alone, he said.
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
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.
COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.
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).
DD News shifts operations to Khelgaon after employee tests positive for COVID-19 posthumously
According to an official of DD News, initially they were told that the employee had a heatstroke and then they learnt he had a heart attack which led to his death. However, when they learnt that he had died due to coronavirus, the areas he may have accessed were sanitised.
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.
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.
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.
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.
Special scheme to help rural industrial units in Tamil Nadu launched
The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore.
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
Coronavirus wrap May 29: Jharkhand airlifts migrant workers from Leh; India's COVID-19 death toll surpasses that of China
In India, the death toll due to the pandemic has crossed 4,700, while nearly 3.6 lakh people globally have lost their lives due to the infection.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
2 floors of Parliament Annexe building sealed after official tests positive for COVID-19: Sources
The director-level officer who attended work on May 28 was found positive for the infection along with his family members, they said.
PPE manufacturers complain about lack of clarity on standardisation guidelines
Hula Global, a Noida-based company which is into manufacturing and distribution of personal protection equipment, was counting on the huge windfall opportunity post-COVID-19 outbreak.
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.
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.
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.
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.
Shramik Specials not regular trains, can be extended, diverted to benefit migrant workers: Railways
Addressing a press conference, Railway Board Chairman V K Yadav clarified that no train can ever be
Railways issues guidelines for TTEs on board 100 pairs of special trains to run from June 1
They also said all the staff shall be provided with sufficient number of masks, face shields, hand gloves, head covers, sanitiser and soap so that they can perform their duty safely.
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.
Inside a COVID-19 hospital in India, doctors see no end in sight
It was yet another casualty from the coronavirus pandemic that has killed over 4,500 people and infected more than 150,000 across India. While infection rates from the virus have begun to fall in many countries, in India they are still rising sharply, and epidemiologists warn peak is yet to come.
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.
RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.
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.
In Poland, key automotive industry has been hit most by crisis
Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.
Millions vulnerable to poverty although world does not suffer food shortage: IFAD
According to the World Food Programme, 265 million people would suffer from hunger by the end of this year due to the coronavirus pandemic.
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.
Google could pick up stake in Vodafone Idea
A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.
Capitec sends out Covid-19 warning
Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.
27,403 confirmed coronavirus cases in South Africa as deaths climb to 577
Health minister Dr Zweli Mkhize has announced that there are now 27,403 confirmed cases of coronavirus in South Africa.
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.
Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June
Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.
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.
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.
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
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.
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.
Rand falls, focus on Trump's Hong Kong response
Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.
ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster
South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
Mantashe warns mines over COVID-19 compliance, Nxesi worried about worker safety
Economic cluster ministers in the national coronavirus command council are briefing the media on the level 3 lockdown regulations pertaining to their departments.
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.
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.
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.
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.
This Twitter Trend Is Helping Support The People Protesting George Floyd’s Murder
A Twitter trend where people “match” donations to the Minnesota Freedom Fund has gone viral, with over 27,000 tweets mentioning the organization as of Thursday afternoon and celebrities like Lin-Manuel Miranda tweeting the link to his 3 million followers.
Katsina building 722-bed centre - The Nation Nigeria
Governor Aminu Bello Masari of Katsina State on Thursday announced plans to build additional 722 isolation centres to accommodate ...
Ahmedabad: Migrant worker falls to death while sleeping
According to police, the incident occurred at 5.30 pm on Tuesday at Ramdev Estate building in Vatva GIDC (Gujarat Industrial Development Corporation) phase 4 when the victim was sleeping on the floor of the gallery section on the first floor.
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
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
HRD min assures safety of examinees
SHILLONG: Human Resource Development (HRD) Minister Ramesh Pokhriyal on Thursday said that the HRD Ministry has instituted a task force under UGC and NCERT which is working on the various guidelines with focus on the safety of the students.Pokhriyal
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
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
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...
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.
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Defend your hard-earned savings with Revix’s tokenised gold promotion
Invest in tokenised physical gold without any risk.
How Xbox 360 games will run on the Xbox Series X
Microsoft has revealed more details around the backwards compatibility support of its Xbox Series X console.
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.
Amazon in talks for new office despite pandemic
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
NZ has done 'incredibly well' in Covid fight - Robertson
Kiwis have been encouraged to enjoy a "normal" holiday weekend after seven straight days of no new Covid cases - and there is now just one active...
Quarantine students in Queenstown plan backed
The Southern Institute of Technology (SIT) chief executive is talking to Queenstown’s mayor to make it the "quarantine capital" of the South Island...
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...
$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...
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...
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...
Auction tests demand for Queenstown property
Bidders in Queenstown have started testing the water in one of the country's most expensive property markets. This story was first published by RNZ...
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...
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...
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...
$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.
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Cruz, Lee on Next Virus Legislation: Recovery, Not Relief Legislation
Sens. Ted Cruz and Mike Lee said tax cuts and deregulation are needed to help small businesses recover in the wake of coronavirus.
Minneapolis Police Chief: We've 'Contributed' to 'Deficit of Hope' - 'Many' Rioters Weren't People We Recognized as Residents
During a press conference on Thursday, Minneapolis Police Chief Medaria Arradondo stated that there is "a deficit of hope in our city," and the | Clips
Tourists could begin to return to Hawaii by late summer, economic report says | Honolulu Star-Advertiser
The latest economic projections from the University of Hawaii Economic Research Organization suggest it will take at least two years for the mainland economy to recover from the coronavirus pandemic, with tourists beginning to return to Hawaii in late July of this year.
Hawaii explores ‘travel bubble’ with Japan amid tourism collapse | Honolulu Star-Advertiser
A pilot “travel bubble” with Japan that allows for relaxed travel restrictions between the two destinations might be a way for Hawaii tourism to start coming back from the 99.5% plunge that it took in April.
COVID-19 delays India's second aircraft carrier
COVID-19 delays India's second aircraft carrier. For about three more years, the Indian Navy will have to make do with its lone carrier -- the Russia-built INS Vikramaditya.
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.
Zimbabwe records second highest daily coronavirus increase
Zimbabwe reported 17 new coronavirus cases on Thursday, the second highest daily tally which took the country total to 149.
Finance Ministry statement on controversial Covid-19 tender
PERMANENT Secretary in the Ministry of Finance and Economic Development, George Guvamatanga, has been in the eye of a storm amid reports he authored a letter to the Health Ministry pushing for the payment of funds to suppliers of Covid-19 equipment.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
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.
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.
Lynas forced to defend disclosure on US military funding
Amanda Lacaze-led Lynas knew the US Department of Department process was on hold in April but she did not alert the market until May 22.
How Will Africa Fare After COVID-19? By Haleed Sulemana
The African Free Trade Area Agreement (AfCFTA) that would see African countries trade within its borders without priority to Western countries should be fast-tracked and made operational. This will allow the African Union and other African sectors to easily assert their agency globally.
Bulgaia's PM: Entirely New Bilding for a National Children's Hospital Will Be Build
An entirely new building for a national children's hospital will be built, Bulgaria's Prime Minister Boyko Borissov said. The unfinished building, which began construction more than 40 years ago, will be demolished.
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
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
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
California elected officials face no pay cuts despite economic turmoil brought by coronavirus pandemic
Despite millions of people continuing to face unemployment, garnished wages, or pay cuts, elected officials in California can consider their salaries safe from reductions during the ongoing coronavirus pandemic.
Home in on that house
If you thought the 2% cut in stamp duty was a good thing, wait a while.
Ending lockdown
"The economy went dead. It has to be revived." On Monday, June 1, 2020, most Filipinos will enjoy the benefits of relative freedom. June 1 is the first day after Asia’s strictest and the world’s longest lockdown ends, on May 31.
Erin O'Toole promises increased childcare support as part of COVID-19 economic recovery plan
Both frontrunners in the Conservative leadership race, O'Toole and Peter MacKay, have now released their plans for leading Canada out of the COVID-19 crisis
NPSC says parents taking advantage of COVID-19 helplines
CHIEF executive officer of the National Parenting Support Commission (NPSC), Kaysia Kerr,...
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
US major airlines roll out more options to avoid staff layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
US major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
German regulator examines stock trades by Wirecard CEO
German regulator examines stock trades by Wirecard CEO
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Gold Up on Back of Mounting U.S.-China Tension
Gold Up on Back of Mounting U.S.-China Tension
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
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
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
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
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
United Airlines cutting 13 top jobs under fresh restructuring
United Airlines cutting 13 top jobs under fresh restructuring
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
French economy shrank less than first thought in first quarter: INSEE
French economy shrank less than first thought in first quarter: INSEE
S&P 500 up in choppy action after Trump comments on China
S&P 500 up in choppy action after Trump comments on China
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
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
Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling
Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com
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
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
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Sale of shut Philly refinery to real estate developer delayed
Sale of shut Philly refinery to real estate developer delayed
Preliminary agreement reached in Lufthansa bailout row: source
Preliminary agreement reached in Lufthansa bailout row: source
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
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?
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
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
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
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
NBN to get 250Mbps on entire HFC network by June 2021, only 7% can get 750Mbps | ZDNet
New wholesale pricing structure leaves cable users guessing.
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.
Demand For These Autonomous Delivery Robots Is Skyrocketing During This Pandemic
Although there is much unknown about the way the world will be post-coronavirus, we're certain that it will include autonomous delivery robots in our workplaces, public spaces, and streets. This technology was given a boost during coronavirus as a viable way for people to receive food and medicine.
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
Are State Reopening Policies Turning The Economy Around?
There may be some slight economic improvement in more aggressive “reopening” states. But the nation’s overall economic picture remains very troubled. And a too-aggressive reopening before the virus is under control could feed a second disease wave later this year.
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
Got Cryptocurrency? Get Ready For An IRS Audit
The IRS is hiring cryptocurrency experts to assist in virtual currency audits, a clear signal those audits will be on the rise.
What Kind Of Innovation Will We Apply To Build Our Post-COVID Food System?
As we imagine our Post-COVID food system, I want to discuss how we will unleash innovation to modernize a massive, brittle food production system and its support structures. Fundamentally, how can we innovate to better match food supply with demand?
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.
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.
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
What Two Things Make Flyers Feel Safest Regarding COVID-19? See J.D. Power 2020 Airline Study
The industry will need to focus on restoring confidence, while continuing to improve on the operational side.
The American Workplace Is Reopening. Are Employers Ready?
Ready or not, American workplaces are revving into action. Battered by the economic costs of the lockdown, governors are easing closure orders and allowing businesses to reopen. But what will the post-pandemic office look like?
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits
A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.
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.
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
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
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.
First Solar Stock Set To Surge To Pre-Covid Peak Of $57?
Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit
The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”
The Paycheck Protection Program Could Have Been Great—It Wasn’t
With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.
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.
What Could Go Wrong: FinTech Vs. Healthcare Covid-19 Crisis Innovation Series
The COVID-19 crisis presents an opportunity for the healthcare industry to catapult forward, make fundamental changes, and adopt new innovation. But will they take advantage of this opportunity, or will the need to keep the status quo get in the way?
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses
The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
Should You Pick Ameren Over NextEra?
he stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 105% since the beginning of 2017, driven by the company’s fast-growing renewable energy business. In comparison, Ameren, a regulated utility that operates in Illinois and Missouri...
FMG appoints Claire Owens as new managing director
Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.
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.
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
Dy manager of BoM delivers pensions at doorsteps of elderly
Employee from Bhavani Peth branch had sought special permission to enter containment zone, make the payouts
Government announces furlough scheme changes – what you need to know
The Chancellor Rishi Sunak has announced a series of changes to the Government's furlough scheme today, including workers being able to go back part-time from July. Here's what you need to know
Government's self-employment support scheme extended – what you need to know
The Government's Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months, the Chancellor has announced today. It's also said this will be
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.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.
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.
Introducing FinTech Features – showcasing the best in fintech on 30 June
Introducing FinTech Features – a new digital platform for financial services professionals to learn about the latest technologies and solutions and for the top tech providers to showcase their expertise, products and services.
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
The Great Bears do the bear market rally
Cross-posted from ZeroHedge is a fabulous post gathering together the world’s great bears.
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
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
Dell Hit By Coronavirus But Wins Millions In Govt Deals
SYDNEY: In its third year in a row, Dell Australia has posted a drop in profits. This year the company posted an after-tax profit of just over AU$31 million for the financial period ended January 31, 2020, slightly down from the $33.6 million recorded in 2019.
Japan Might Be Subsidizing Your Travels When The Crisis Passes Over
Japan’s tourism numbers in April 2020 were reportedly 99.9% lower than those in April 2019.
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...
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.
Singapore SC dismisses former Ranbaxy promoters’ appeal
The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against a High Court order that declined to set aside an arbitration award in favour of Japan's Daichii Sankyo.
Affordable electricity is a right
In Telangana, free power has played an important role in mitigating farmer suicides and also contributed to State’s food security.
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.
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.
Sensex surges 224 pts; Nifty tops 9,550-mark
Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
What is a locust plague?
Over the last few days, a swarm of locust has been sighted in the urban areas of Rajasthan, Maharashtra and Madhya Pradesh.
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.
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.
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.
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.
Chief Minister KCR arrives at Kondapochamma, participates in Homam
Chief Minister K Chandrashekhar Rao along with his wife arrived at the Kondapochamma temple at 7.45 am and took part
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.
COVID-19: 176 Indians evacuated from Sri Lanka
Over 170 Indians stranded in Sri Lanka due to the global travel restrictions left for their homes on Friday aboard a special Air India flight.
No temporary increase in weekly asylum payment during pandemic
Request for €20 rise during crisis from 40 organisations is rejected
MotoGP working to open season in July, likely in Spain
MotoGP organizers and the Spanish government say they are working to bring the racing series back in the summer. Spain was set to host four races before the season was put in jeopardy because of the coronavirus pandemic.
Charles Hoskinson Reveals Cardano’s Shelley Upgrade To Roll Out Sooner
IOHK CEO Charles Hoskinson today declared the launch of Shelley, which is the latest update for Cardano. It will begin rolling out the network between June 30 and July 7. Talking on a crowdcast update, he gave 11 dates to the release of Cardano's Shelley update. He said today -…
Bitcoin PoS Is the New Coin to Revolutionize the Crypto World
Investing in Bitcoin (BTC) is now expensive, and getting your own through mining is nearly impossible for the average person. However, a new opportunity can be found in Bitcoin PoS. BitcoinPoS: The Best of Bitcoin and PoS Bitcoin Proof of Stake (BTP) was created by a team of developers that…
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.
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.
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.
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
No funds to pay green scheme workers
PETRUS Uugwanga, managing director of the Agricultural Business Development Agency (Agribusdev), on Tuesday said the agency cannot pay workers' overdue salaries at green schemes countrywide.
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
New Zealand near eradication, but virus has grim global hold
New Zealand on Friday had all but eradicated the coronavirus from its shores with just one person in the nation of 5 million known to be still infected, but developments elsewhere were generally grim,
No rodeo festival dashes Wyoming city's hopes amid COVID-19
The Just Dandy women's clothing store in downtown Cheyenne has endured fire, flooding, recessions and so far the coronavirus pandemic, but will this year's cancellation of the city's famous cowboy-and
New director for Arizona Department of Economic Security
The Arizona Department of Economic Security has a new director.
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.
Asia Today: S Korea has another 39 cases linked to warehouse
South Korea on Saturday reported 39 new cases of the coronavirus, most of them in the densely populated Seoul area where officials have linked scores of infections to warehouse workers.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the
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.
Western Kentucky University says tuition rates won't change
Western Kentucky University doesn't plan to change tuition rates for the first time in 40 years, officials said.
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…
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
Additional 10 passenger trains to operate from June 1: Sheikh Rashid
Railways minister said that 40 out of 142 passenger trains will be operating from June
Schools in Sindh not to reopen from June 1: Education dept
The steering committee has decided to extend closure of schools until June 1, said an official notification
Application for Coronavirus Alleviation Programme is free - NBSSI
Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.
Coronavirus: Government urged to roll out ICT programmes to address job losses
Youth Rise International, a Non-Governmental Organisation (NGO) focused on poverty eradication through education and decent work has called on the Government to as a matter of urgency roll out a national ICT for Work programme for the youth.
Retraction and apology to Ibrahim Mahama
Ghana Guardian's attention has been drawn to an inaccurate publication on Wednesday, May 27, 2020, titled "Ibrahim Mahama paying A-Plus 'to spew nonsense'".
Akufo-Addo committed to equitable distribution of health facilities – Bawumia
The Vice President, Dr Mahamudu Bawumia has reiterated President Akufo-Addo's commitment to providing an equitable distribution of healthcare facilities across the country.
Coronavirus: Gov’t urged to roll out ICT programmes to address job losses
Youth Rise International, a Non-Governmental Organisation (NGO) focused on poverty eradication through education and decent work has called on the Government to as a matter of urgency roll out a national ICT for Work programme for the youth.
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.
Ghana Guardian retracts and apologises to Ibrahim Mahama
Ghana Guardian's attention has been drawn to an inaccurate publication on Wednesday, May 27, 2020, titled "Ibrahim Mahama paying A-Plus 'to spew nonsense'".
We’ll not rush to reopen schools without adequate preparation – Ministry of Education PRO
The Public Relations Officer for the Ministry of Education, Ekow Vincent Assafuah has stated that the ministry knows the repercussions of reopening schools without putting systems in place to contain the coronavirus pandemic.
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.
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.
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.
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.
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.
UP amends revenue code, simplifies land acquisition process to expand land bank for industries
It has amended the Revenue Code and also decided to simplify the process of land acquisition within a distance of one kilometre on both sides of the expressways under the Land Acquisition Act 2013.
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.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
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.
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.
Best of BS Opinion: Diversity in boardrooms, earnings drought, and more
Here is a summary of Business Standard opinion pieces for the day
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
Horse racing: One app to fix the punting itch?
Horse racing in India is in a state of disarray, and the future does not seem much too promising either. In fact, some experts in the field conveyed that this could well be the end. The only solution, they say, is legalising online betting and creating an integrated application.
Women executives demand three month extension of free childcare
'Every woman who is offered a shift needs to be able to take that without any barrier, the barrier of childcare for women is significant for many, many households.'
FIRS: The burden of leadership - The Nation Nigeria
But those who wear the crown know where it hurts. So it is with the leadership of the Federal Inland Revenue Service (FIRS) at....
Surat textile industry seeks govt help to stop migrant exodus
At least 60 per cent of the workforce is estimated to have left Surat since the Shramik Special trains started. According to Surat railway officials, over 6.80 lakh labourers have left Surat in 431 trains.
Migrant crisis in SC: SG Mehta invokes vultures, prophets of doom, Sibal says don’t make it personal
“Some High Courts”, Mehta said, “are running a parallel government”, alluding to the fact that many High Courts had questioned the governments at the state and the Centre on their handling of the Covid crisis.
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.
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...
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
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...
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...
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.
Rich Lister winners and losers so far
With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.
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.
Blackmores steadies the ship
The largest shareholder in Australia's biggest vitamins company is positioning for the future on many fronts.
NBN Co limits gigabit services to just 7 percent of HFC footprint
Similarly constrains access to 250 Mbps tier.
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
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
MPIC aid to help fight Covid-19 hits P348 Million
Infra conglomerate shows compassion via “Tulong-Kapatid” Makati, Philippines, 26th May 2020 - Donations of key anti-Covid 19 goods and initiatives, namely, food, water, medicines and Personal Protective Equipment (PPE) from Metro Pacific Investments Corp. (MPIC) and its subsidiaries, reached P348 million this week.
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
SEF simplifies procedures for residence permit applications
SEF will have simpler procedures for applications for the granting and renewal of residence permits, allowing them to “substantially” reduce service times at the counters for around 250,000 foreign citizens.
7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures
The coronavirus has had a massive impact on Australian businesses.
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 ...
Google says use existing EU laws, not new ones to govern AI
Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and ...
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
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 -
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
Amazon Faces A Brand New World
The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and
Dumpster Diving: (Potbelly Corp. Edition)
Before COVID-19, Potbelly was showing tangible signs of a business turnaround. If you look at Q4 2019 results, the company had its best comps in three years at
Rose Namajunas vs Jessica Andrade rematch targeted for UFC event on July 11
A rematch between Rose Namajunas and Jessica Andrade is in line to go down at an upcoming UFC pay-per-view (PPV) event on July 11, 2020.
Toll restoring services following ransomware attack | ZDNet
Confirms information accessed includes name, address, age, and payroll information such as salary, superannuation, and tax file number.
Amazon prepares Summer Sale to win back lost customers
With Prime Day reportedly delayed, the e-commerce giant might still flog some bargains soon
Women executives demand three month extension of free childcare
'Every woman who is offered a shift needs to be able to take that without any barrier, the barrier of childcare for women is significant for many, many households.'
North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement: Report
More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-bo
Vancouver’s restaurant patios to expand onto sidewalks, curbside street spaces
The move is intended to help restaurants, now allowed to open with restrictions as part of British Columbia’s coronavirus pandemic plan, survive with less indoor seating
UN chief warns leaders pandemic may cause historic famine
Secretary-General Antonio Guterres warns up to 1.6 billion people may be unable to earn a living unless action taken now
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:
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
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.
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.
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.
Women executives demand three month extension of free childcare
'Every woman who is offered a shift needs to be able to take that without any barrier, the barrier of childcare for women is significant for many, many households.'
Ford government signs agreement with York Region to extend subway line
A major step forward for the Yonge North Subway Extension.
The TV commercial, once advertising’s main event, suffers in the pandemic
Before the coronavirus pandemic, the TV networks were expecting a strong 2020. The presidential election and Tokyo Olympics would keep people watching, and companies would spend more than usual on commercial time.
Rent Arrears Cases Almost Tripled During Pandemic
Three times as many people are reporting rent arrears during the pandemic.
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.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
Elderly woman 'unable to get pension after refusing to remove face mask'
AN ELDERLY woman has claimed she was unable to receive her pension from a Post Office because she refused to remove her face mask.
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.
Fears for Belfast airport jobs as easyJet confirms major cull of staff
DOZENS of airline staff could be axed at Belfast International Airport as part of a cull by easyJet as it struggles with a collapse in air travel caused by the virus pandemic.
Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
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
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.
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
South Korea taps domestic tourism to revive industry
'Can we find tourism with eased social distancing? The brief answer is ‘yes’ but it’s going to be in domestic tourism and in a very limited way, very careful way,' says Korean tourism expert Wangoo Lee
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
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.
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.
Trivendra Singh Rawat: ‘Can’t leave people on the roads… will continue bringing migrants’
Trivendra Singh Rawat said, "A huge number of people from Uttarakhand live in other states. Many of them want to come back amid the pandemic. More than 2.5 lakh people have registered so far."
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...
Hunter Business Lions Club donate vouchers to Northern Settlement Services and Nova for Women and Children
Hunter Business Lions Club has donated $800 worth of vouchers to two services that support women, families and migrants in need.
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group facesa huge compensation claim after High Court rebuff.
Costa Group CEO Harry Debney to bow out
After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
Transport fare rises despite drop in petrol price in April
The price paid by passengers for bus, motorcycle and water way journeys rose despite the decline in the petrol price in April.
Group faults removal of Mohammed as TCN MD
Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis
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.
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
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
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
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.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
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 ...
Talks on support for German car industry delayed: Bild
Closely-watched talks between top German politicians and car industry representatives to discuss support for a sector hit hard by the coronavirus ...
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
Shramik trains ferry over 48 lakh since May 1
Shramik trains ferry over 48 lakh since May 1 New Delhi: The Indian Railways has ferried over 48 lakh migrant workers on board 3,736 ‘Shramik Special’ trains since May 1, according to official data.Of these, 3,157 have reached their destination, while 386 are in transit. The top five states and UTs from where maximum trains […]
Mark Cuban lays out his plan to boost post-COVID economy: 'Give people checks that they have to spend'
Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban told "Hannity" Thursday that the issuing of pre-loaded, federally funded debit cards is the best way to spur consumer demand and boost the economic recovery from the coronavirus pandemic.
COVID-19 in live updates: India sees highest single day jump as cases cross 1.65 lakh; recovery rate hikes to 42.88%
Maharashtra has the highest number of cases with nearly 60,000 positive cases of infection and close to 2,000 deaths.
COVID-19 in India live updates: Gurugram adds 18 new containment zones as cases increase, total 63
Maharashtra has the highest number of cases with nearly 60,000 positive cases of infection and close to 2,000 deaths.
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
U.N. calls on nations to take action in six areas to limit COVID-19's financial impact
May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.
Does Centre have unfettered powers to impose conditions on states borrowing money?
States can now borrow 2% more funds as long as they meet certain conditions – including abiding by the ‘One Nation One Ration Card’ scheme.
Google Rescinds Offers To Thousands of Contract Workers
Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...
Coronavirus crisis: Renault to lay off 150,000 employees globally
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France
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
Capgemini's top executive Thierry Delaporte is new Wipro CEO
Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines
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
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
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.
COVID-18 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
Ex-Bellamy's boss Laura McBain joins board of boutique brand Lark
From baby formula to fine foods and now whisky, she has reconnected to Tasmania, as well as wealthy Hong Kong investors.
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
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
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
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
J&K gears up to rollout Padhna Likhna Abhiyan to educate adults
Union Ministry of Human Resource Development (MHRD) has launched a new centrally sponsored scheme, Padhna Likhna Abhiyan to impart education to elderly
DC Budgam reviews pandemic situation
Deputy Commissioner Budgam, Shahbaz Ahmed Mirza, today, convened a meeting to have a firsthand appraisal of covid-19 pandemic cases, treatment and
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
J&K beset with admin inertia, people suffering: Kamal
National Conference on Thursday expressed concern over the state of affairs in J&K saying over the past 10 months J&K continues to grapple with
Afterpay says it 'rejects' the notion of performing credit checks on its customers. Here's why their arguments don't add up.
Afterpay has gone out on the defensive yet again, as calls for it to be brought into line persist.
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 ...
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs - memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a ...
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
EOG Resources: The Three Wise Monkeys
Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,
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
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
South Korea reports 58 new coronavirus cases
Rest of World News: Prime Minister Chung Sye-kyun called for officials to examine working conditions at warehouses of online shopping companies, which have seen orders su
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD
India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,
India’s coronavirus death count tops China as new cases spike
India's reported cases of 165,799 infections is the ninth highest globally, according to data from Johns Hopkins University.The mortality rate from Covid-19 in India stood at 2.8% against world average of 6.2%
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
As Jobs Vanish, Salaried Workers Become Gig Economy 'Partners' With Swiggy, Zomato And Amazon
With a recession on the horizon, workers are turning to the one sector that appears to pandemic proof: home delivery.
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
How investors learnt to love the rally in stocks
‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers
Libraries to re-open, 'sneeze guards' at Bellingen council
Customer point of service 'sneeze guards' at service counters will be in place.
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.
Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte
Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.
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
Simplo revenues to peak in 2Q20
Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.
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.
Biggest technology acquisitions 2020
We round up the biggest technology industry mergers and acquisitions of the year so far
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
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
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.
Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD
Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6
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.
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
Govt lifts curbs on exports of paracetamol APIs with immediate effect
"The notification is further amended to remove the restriction on the export of paracetamol APIs, making it export 'free' with immediate effect," the statement read
Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
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
Government announces €115 million support package for air transport sector
The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the
Nawazuddin Siddiqui's Estranged Wife Aaliya Accuses Actor's PR Team Of LEAKING Legal Notice; Calls It Fabricated, Warns She Will Reveal It All
Hell hath no fury like a woman scorned. Nawazuddin Siddiqui's estranged wife Aaliya lashes out at him for LEAKING a fake copy of the legal notice to media houses.
UAE job hires - Tech skills are the most wanted
But mid- to senior management positions are worst hit in this downturn, and more to come
Let’s speed up digital change at banks
There is space available for digital-enabled SME-focused entities to make headway
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.
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.
Covid-19 pandemic may create opportunities to deepen India’s engagement with Africa
India could also create a new fund for Africa and adapt its grant-in-aid assistance to reflect the current priorities. This could include support for new investment projects by Indian entrepreneurs especially in the pharmaceutical and healthcare sectors in Africa.
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.
Google considering taking stake in Vodafone Idea: Report
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.
As it ramps up public healthcare, India must give more room to private sector
Only a healthy nation can grow. The COVID-19 pandemic has presented India with an opportunity. The Indian healthcare system can go through a radical overhauling, where it can be more sustainable as well as responsive.
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
East African Portland Cement To Fire More Employees
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i
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...
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...
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 ...
Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver
Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.
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.
Brookfield re-enters race for Virgin with surprise bid
It remains unclear how Brookfield's 11th-hour pitch will affect the rest of the process, which will see the administrators reduce the bidders to just two.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
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.
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.
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
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.
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
Datalogic Makes Investment in AWM Smart Shelf
The deal positions Datalogic for growth into new technology areas.
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
As Australia opens back up for businesses, jobseekers are once again searching for roles in hospitality and other hard-hit sectors
The Australian job market has just undergone what will go down as its strangest few months on record, as businesses begin reopening their doors.
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…
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
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
Swastika found at trailhead
A Kelowna man took it upon himself to deal with an apparent racist act of vandalism on the KLO Creek Trail near Gallagher's Canyon.
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.
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
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:
BBVA calls for easing of coronavirus restrictions
Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
US graduates in crisis: ‘Entry level jobs are not safe at all’ | Free to read
Economists warn downturn could reshape the lives of American youth for decades to come
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
COVID-19: Over 7,400 Cases Reported in Last 24 Hours, Biggest Single-Day Spike so Far; Total Tally Crosses 1.65 Lakh | Key Points
However, the recovery and discharge rate in COVID-19 cases has accelerated. "A total of 67,691 people have recovered from coronavirus in the country so far and in the last 24 hours 3,266 patients were found to have been cured.
It’s another uneventful year as aviation enters grim future
President Muhammadu Buhari prior to 2015 election promised the aviation community just one item: a new national carrier in the status of the defunct Nigeria Airways. His choice of Capt. Hadi Sirika
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.
Nigeria better today, presidency insists
The presidency yesterday insisted Nigeria is better today than it was when President Muhammadu Buhari took over the reins of government on May 29, 2015.
‘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
Buhari’s herculean task of lifting countrymen out of despair, poverty
Having shrugged off the challenge of Atiku Abubakar, the candidate of the main opposition Peoples Democratic Party (PDP) at last year’s polls, President Muhammadu Buhari
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
India’s key growth engine grinds to halt in sign of slump
Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.
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.
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Covid-19 crisis to trigger 20% fall in FDI
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Covid-19 crisis to cause FDI investment to the Republic to fall by 20% this year
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Valuable Treasure: Cute Golden Retriever Puppy Snatches Roll of Toilet Paper
In the past months, toilet paper, or rather the lack thereof in shops, has made headlines across the globe, prompting a barrage of memes about it. Looks like our pets...
Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions
Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.
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.
Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry
Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields
India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain
Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21
Supreme Ventures, PSOJ team up to assist Gregory Park residents
SUPREME VENTURES Group (SVG) Executive Chairman Gary Peart led a team through the streets of Gregory Park, St Catherine, as part of COVID-19 relief efforts orchestrated by the Private Sector Organisation of Jamaica (PSOJ) to support struggling...
Young men urged to use COVID-19 to educate and create
THE ECONOMIC fallout resulting from COVID-19 has left many people jobless and is affecting the ability of men living in inner-city communities who are constrained from their daily ‘hustle’ to provide for their families and loved ones. Jerome...
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....
Rain Industries surges 17% on healthy operational performance in March qtr
The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.
Jaishankar discusses post-COVID-19 economic recovery with EU foreign policy chief
External Affairs Minister S Jaishankar on Thursday held discussions with European Union foreign policy chief Josep Borrell on initiatives to promote post-Corona economic recovery and preparations
India's Wipro names new CEO; Thierry Delaporte to take over July 6
Thierry Delaporte to join from Capgemini and will be based in Paris
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
The wealthy will be on governments' radars in COVID-19 response
Taxes will be an obvious route for governments, and so will appropriation, says Citi
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
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…
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.
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...
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.
West Bengal: Students likely to attend classes on alternate days after schools reopen, says education minister
The state-run schools are slated to reopen after June 30, said Partha Chatterjee
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.
India coronavirus death toll passes China's
NEW DELHI, May 29 — India's coronavirus death toll passed neighbouring China's today, with 175 new fatalities in 24 hours taking the total to 4,706, according to official data. India, home to some of the world's most packed cities and a creaking healthcare system, is emerging as a new hotspot...
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.
Token distribution for free essentials at ration shops starts in TN
The Tamilnadu government, which has decided to distribute essentials free of cost to family card holders for the month of June too in view of the ongoing Covid-19 induced lockdown, started distributing tokens at doorstep of consumers from today. This will go on till 31 May. Continue Reading →
New heat seam machine for sealing PPEs launched
At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →
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.
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
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
NZD/USD faces a tough barrier around 0.6230 – UOB
NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “
Get Instant PAN Card Through Aadhaar For Free: How to Apply
Online PAN card allotment just got easier and free. No more document hassle, as all an applicant needs is their Aadhaar number.
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
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 ...
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 ...
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 ...
UPS adds 'peak' surcharge amid coronavirus-fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...
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 ...
Dell beats revenue estimates as remote working lifts workstation demand
ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...
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-
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
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
Singapore to establish AI framework for 'fairness' credit scoring metrics | ZDNet
Monetary Authority of Singapore tasks two teams, comprising banks and artificial intelligence industry players, to develop metrics that ensure the "responsible use of AI" for credit risk scoring and customer marketing.
AU$721 million in robo-debts to be returned as Australian government admits error | ZDNet
Services Australia has identified 470,000 debts raised wholly or partially using income averaging of ATO data.
India’s key growth engine grinds to halt in sign of slump
India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo
Recent Poll Shows that Only 5% Approve Zumthor LACMA Scheme
A recent poll revealed that only 5% approve of the current Peter Zumthor-designed scheme for a new Los Angeles County Museum of Art LACMA.
Recent Poll Shows that Only 5% Approve Zumthor LACMA Scheme
A recent poll revealed that only 5% approve of the current Peter Zumthor-designed scheme for a new Los Angeles County Museum of Art LACMA.
China's post-Covid 19 'techno-nationalist' industrial policy
While Covid-19 brings China one step closer to technology-perfected authoritarianism through improvised health apps and real-time surveillance, Europe is busy looking inward.
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
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,
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
The day the beef war broke out
The tabloids portrayed it as a re-run of the Battle of Waterloo.
Changes to road layouts being 'considered' in Walsall to help social distancing
Council bosses in Walsall are "carefully considering" measures to make social distancing easier for pedestrians, including widening pavements.
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…
UN chief appreciates India's assistance to other countries during COVID-19 pandemic: Ambassador Tirumurti
India has sent essential drugs, testing kits and other medical assistance to many countries around the world, including to the US, to help fight the coronavirus that has infected over 5.8 million globally. The death toll from the pandemic has surpassed 358,373.
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.
Lupin Q4 results: Net profit rises 35% to Rs 390 crore
Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.
Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar
‘We have had a very good winter harvest this time
What's the cost of Covid lockdown? Today’s GDP data will give an idea
To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.
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.
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.
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.
Industry cries foul over Mahavitaran's new billing system
An industrial unit from Sangli whose consumption was 7595 units in March under new system received a bill for 37,650 units and got five times bill.
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.
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.
Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief
Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis
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%)
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD
Appoints French IT services firm's COO Thierry Delaporte for its top post
China-led AIIB approves $750-million loan for PH's virus response
The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
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
Man accused of cheating firm of $900,000 in Covid-19-related scam
A man suspected of defrauding an overseas distribution firm of more than US$646,000 (S$917,000) was charged yesterday with one count of cheating, in one of the biggest scams related to the Covid-19 outbreak here. On April 30, Singaporean Chee Jian Rong allegedly duped Mr...
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.
Reappraising Ugwuanyi’s five-year stewardship amid Covid-19
Gov. Ugwuanyi has ensured an enduring peace in the state, a cherished feat that has made it possible for the state’s political leaders to unite and....
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)....
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
Rising US job losses stoke fears of lasting economic damage amid pandemic
The numbers are extraordinarily high by historical standards, economists have warned.
London buses to resume front door boarding
The process will be phased back in at the weekend.
$721m to be refunded after robodebt backflip
The Morrison government will refund $721 million raised against 470,000 debts under its controversial robodebt scheme.
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.
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
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
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
Pandemic puts 86m children at risk of poverty: study
Save the Children and Unicef say nearly two-thirds of affected children live in sub-Saharan Africa, South Asia
GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
French carmaker Renault announces 15,000 job cuts worldwide
PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
VW spending $2.2B to expand in China’s electric car market
Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.
COVID-19: AMCON seeks aviation sector bailout - Premium Times Nigeria
The Asset Management Corporation of Nigeria (AMCON) has asked the federal government to bailout the aviation sector...........
The government has announced it will refund $721 million it claimed as part of its unlawful 'robodebt' scheme
The federal government has announced it will scrap its controversial ‘robodebt’ scheme, which attempted to automatically claw back alleged overpayments to social security recipients, and will refund $721 million to those who already paid.
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 ...
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%
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
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
Stephen Mayne: Time for the Murdochs to sell out of News Corp
Rupert Murdoch needs to put up money to support Australian journalism, or be forced to sell the company, Stephen Mayne argues.
The Govt Just Axed Its Fucked Robodebt Scheme & Is Now Refunding A Casual $721 Million
The Australian Federal Government has today announced that they will refund the $721 million worth of funds recouped by the robodebt scheme.
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.
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.
London buses to resume front door boarding
The process will be phased back in at the weekend.
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.
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
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
The Government Will Refund Millions Of Dollars To People Affected By Robodebt
Around $721 million is expected to be refunded to people who were affected by the government's disastrous robodebt scheme.
London buses to resume front door boarding
The process will be phased back in at the weekend.
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.
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.
Virus tolls surge in Americas as Europe reopens
The death toll from the coronavirus has spiked again in the United States, and Latin America's pandemic crisis deepened, as Europe's reopening from lockdown continued.
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 . . .
Letters May 29: Play nice; think of others; WorkSafe investing
Amid the pandemic, please play nice The COVID-19 pandemic has resulted in people being grumpy, rude and downright nasty. Drivers run red lights and stop signs, people in stores get all upset if . . .
Save-on-Foods ends hazard pay for staff, other grocers continue it
Essential service workers in the grocery sector receiving extra pay during the pandemic will be watching their paycheques in the coming weeks as companies re-evaluate how they compensate employees.. . .
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 . . .
India using public digital infra to achieve economic goals at home, connect globally: Jawed Ashraf
India's High Commissioner to Singapore Jawed Ashraf further noted that building digital connectivity and partnerships with Singapore and ASEAN countries, is a priority for India and highlighted how technology has been used effectively to achieve public policy goals in the country during COVID-19 disruptions.
Surge in rats across UK as 45 per cent more of us call pest control
According to Rentokil Pest Control, there was a 79% increase in traffic to its “signs of rats” webpage in April
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
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.
Wellness company to create 100 jobs with Cork City plant
Doterra’s European manufacturing HQ will be located in the northern suburbs of the city
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
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.
Big Campaign to Provide Employment to Migrant, CM Yogi's move Benefits more than 11 Lakhs -
Large populations have been affected by the prolonged lockdown in the country due to coronavirus infection. Among them also the
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.
Rand falls, focus on Trump’s Hong Kong response
In fixed income, the yield on the 10-year government bond was up 2.5 basis points at 8.96%.
Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD
Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average
India's lockdown strictest; economic impact to be deeper than other countries: Jefferies
A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report
Xbox Series X to support older Xbox games natively, high frame-rate versions also promised
The Xbox Series X will be able to run all older Xbox games with ease at higher frame rates. Microsoft says some old titles will be enhanced for the Series X too.
Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN
Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University
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.
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
How the North East can build back better after coronavirus
In the final part of our series for the Passionate People, Passionate Places campaign, we ask business, political and charity leaders on how the region can return better after the coronavirus outbreak
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...
Buhari seeks Senate’s approval for $5.513b external loan
The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....
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.
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.
MBBS fee hike in Punjab: ‘It seems govt wants to make studying medicine unaffordable for the poor’
The critics also lashed out at the decision to increase the fee at a time when doctors are at the frontline fighting the Covid-19 pandemic, calling the move "shameful".
Be sympathetic regarding fee payment, consider alternative options: UGC to colleges
Students and parents claim that several colleges and higher education institutes are 'insisting upon immediate payment' of the annual fee and exam fee among other payments.
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.
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...
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.
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.
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.
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.
How coronavirus is reshaping the mobility industry, from EVs to supply chains
The current crisis is first and foremost humanitarian, with 300k casualties to date worldwide and massive joblessness. It is also economic, with almost all companies having financial difficulties and many collapsing. However, a few sectors are currently booming (e.g. deliveries), some will benefit from a crisis-induced tailwind, while others will continue to suffer for years […]
UK automotive production at lowest level since WW2, to cost industry $15B
With auto factories closed due to coronavirus, it's clear that production was going to take a hit. Now we know just how big an impact it had in the UK.
New Zealand near eradication, but virus has grim global hold
In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.
New photos show extent of ruin at Strathmartine Hospital as plans labelled last chance to save site
Work to transform a derelict Tayside landmark could begin as early as next year after fresh photos showed the ruined state of the most substantial building on the site.
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
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
EUR/USD: The trend is positive but a setback is on the cards
Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-
EUR/USD: Four reasons for a correction
EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink
USD/JPY drops to near 2-week lows amid escalating US-China tensions
The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea
USD/CNH: Extra gains need to clear 7.2000 – UOB
According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo
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
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...
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.
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 ...
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 ...
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
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
Hostel owner Safestay positive it can welcome back guests under new plans
London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.
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.
The Idea of India: Crimes Against Migrants
The Idea of India is HuffPost India’s monthly conversation about how we see ourselves as a people and as a nation.
How automated communications can enhance customer engagement & brand loyalty [Sponsored]
Technology can drive dynamic content campaigns, at scale, while marketers embrace a more strategic role. Marketers have long since identified the importance of strategic...
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
French carmaker Renault announces 15,000 job cuts worldwide
The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.
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
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
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
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.
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
SEOUL (Reuters) - Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened a new groceries warehouse and logistics centre near Seoul in March, providing food and other essentials to shoppers sheltering at home.
Taiwan analog IC firms to post revenue growth in 2020
Taiwan-based analog IC suppliers, pinpointed as among the beneficiaries of US-China trade tensions, are expected to post impressive revenue results for 2020 despite coronavirus headwinds, according to industry sources.
Bitcoin PoS Is the New Coin to Revolutionize the Crypto World
Investing in Bitcoin (BTC) is now expensive, and getting your own through mining is nearly impossible for the average person. However, a new opportunity can be found in Bitcoin PoS.
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…
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,…
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.
Breaking: SC of The Bahamas to Implement Massive Regulatory Changes
The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.
Tesla CEO Elon Musk gets $700 million in first performance-based payout
Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.
Coronavirus news live - 377 more dead in the UK and lockdown latest
Here, we bring you the live updates on the latest news, developments and guidance on the Covid-19 pandemic.
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
Coronavirus India Live Updates: Delhi records 1,106 cases in one day as tally tops 17,000
Coronavirus in India: The nationwide tally also reached 1.65 lakh today; Delhi Health Minister Satyendra Jain says the govt believes places where large gatherings take place should be closed in lockdown 5.0
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
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
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
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
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,
COVID-19: 325 Chinese nationals evacuated from Nigeria
325 Chinese Nationals have been evacuated from Nigeria in a plane headed for Shanghai, due to the lingering Coronavirus pandemic. China has evacuated 325 of its citizens from Nigeria via an Air Peace flight that was
ACT Fibernet hikes broadband rates in 8 Indian cities - here's why
The fiber-to-home internet service provider has announced that the hikes would range between 2 and 4% though in the case of select plans the upward revision could be higher.
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
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.
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.
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.
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.
Daily Shramik trains from Punjab stop today
So far, 17.7 lakh migrants had registered themselves on the Punjab government’s portal to go to different parts of India, out of which 15.4 lakh wanted to go to UP and Bihar only.
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
UN chief calls for attention to nuclear, cyberspace security
UN Secretary-General Antonio Guterres said that attention should be given to increasing risk of nuclear proliferation and the lawlessness of cyberspace, while the international community has been fighting the COVID-19 pandemic.
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...
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...
New Zealand close to virus eradication despite grim global figures
The US economy is also showing signs of deep and long-lasting damage despite some businesses reopening.
Former pub set to become flats
A former pub in Shrewsbury is to be turned into seven flats and have six houses built in its car park under plans approved by Shropshire Council.
Consultant report argument against City of Snohomish rezone
The City of Snohomish planning director has released a project update on the city’s newly created Midtown Planning District. (See pages 69 and 70 of the June 3 Planning Commission meeting’s agenda).
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.
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.
[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina
Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,
AfDB says ‘no decision’ yet on demands for probe of Akinwumi Adesina
The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its president, Akinwumi Adesina accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal inquiry that has exonerated AfDB chief Akinwumi Adesina.Read More
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
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
Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board
The plea seeks representation on Tata Group's board proportionate to 18.4 percent holding of Pallonji Group
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
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.
Tesla performance opens door to Elon Musk payday
Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.
Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources
Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.
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.
Wipro appoints Thierry Delaporte as CEO & Managing Director
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio
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
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
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
French carmaker Renault announces 15,000 job cuts worldwide
Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide
Tsenengamu seek police clearance to protest
Godfrey Tsenengamu, the leader of the newly-established Front for Economic Emancipation in Zimbabwe, yesterday wrote to police seeking clearance to protest at t...
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 ...
VIXM: Here's Why It Is Likely Going To Keep Dropping
VIXM has had a strong year due to the historic rally in the VIX. VIXM tracks the Mid-Term VIX Futures Index, which allows it to reduce roll yield at the cost of
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
JobKeeper could be extended, says Peter Dutton
Home Affairs Minister Peter Dutton has confirmed the government is willing to be flexible with the end date for JobKeeper wage subsidies.
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.
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
Amazon Sellers Are Marking Products As 'Collectible' To Get Around Price Gouging Rules
Amazon has suspended thousands of third-party sellers for price gouging during the COVID-19 pandemic, but sellers have found a loophole to avoid detection when raising prices: labeling their products as "collectibles," even if there's no conceivable way they could be. The Verge reports: Take this B...
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
International Update: Global Covid-19 infections exceed 5.8 million – more than 100,000 covid deaths in US
29 May Global: The number of people infected by Covid-19 has exceeded 5.8 million, according to data compiled by Johns...Read More...
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts
Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete
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.
Tamil Nadu Chief Minister sanctions funds for protection of bug-hit tapioca, launches development projects
Chief Minister Edappadi K. Palaniswami, in a statement issued on Friday, said he had sanctioned a sum of ₹54.46 lakh to protect tapioca crops
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
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
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
Charting The Travel Industry’s Next Adventure
The pandemic decimated the travel industry in the first half of 2020, but industry experts are hopeful consumers will want to travel again soon. Here's why.
Bharti Singh Delays Family Planning Due To COVID-19 Pandemic; Says 'Can’t Plan Baby In Such Tension'
Bharti Singh revealed that she has postponed her plan to extend their family due to COVID-19 pandemic. She said that she can’t plan a baby in such tension.
K'taka govt notifies ordinance, BDA to legalise unauthorised constructions in Bengaluru
The BDA will levy a penal fee in return for regularisation. These are plots either owned by residents themselves or bought from someone after the BDA notified them for acquisition during the formation of layouts.
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.
Decision to open shops in malls soon after taking into account health ministry's guidelines
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
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.
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
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.
East Tender expects increasing 5G optical filter shipments in 2H20
Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.
IPC maker DFI to deepen deployments in AIoT, 5G
IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.
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,...
MaiCapital Launches Bitcoin-Based Quant Fund
MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.
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.
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.
How celebrities are helping people amid lockdown due to coronavirus
How celebrities are helping people during lockdown - Coronavirus is taking its toll and millions of people are suffering.
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
Coronavirus: China mulls extending restrictions on international flights until June 30
The U.S. Transportation Department said in an order published on a U.S. government website that Delta Air Lines and United Airlines want to resume flights to China in June
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
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.
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.
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
British Airways may outsource work of 450 redundant employees
Exclusive: airline’s proposals also include closing operation at Heathrow Terminal 3
An economic turning point for Europe?
The coronavirus may finally shock the continent out of its austerity mindset
No proposal before board now, says Voda Idea on Google picking stake in co
The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.
Merger of three state-owned general insurers on back burner due to Covid-19
Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year
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.
India-dedicated funds attract zero investments in April due to Covid-19
This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes
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
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
What Could Kill My New York Bookstores?
It won’t be Amazon or the coronavirus. It will be artificially high rents.
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
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.
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.
South Korea coronavirus spike stirs second wave concern, social distancing crackdown
SEOUL, May 28 (Reuters) - South Korea reported 79 new coronavirus cases on Thursday, the most in nearly eight weeks, triggering the return of tougher social distancing curbs amid the spectre of a second wave of disease in a country praised for containing the first outbreak.
City Power warns of possible load rotation
On Thursday, Johannesburg's City Power announced that they may need to impose daily “load rotation” in some areas where electricity infrastructure is overloaded.
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.
British and Australian MotoGP races cancelled
The British Grand Prix was scheduled for Silverstone on August 30 while the Australian round had been due at Phillip Island on October 25.
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.
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%.
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...
Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi
KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...
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 ...
Fundraisers walk 11,000km for families of bereaved Filipino health workers
A team of around 100 are collectively travelling the distance from the UK to the Philippines.
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.
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.
Traditional owners consider billion-dollar shot at Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Need to know: Friday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
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.
How VsKit live streaming video app is closing gap in social distancing
"One thing they did which got Nigerians intrigued, is the Live stream of the Infinix Note 7 launch that was done May 14 on VsKit."
Google says use existing EU laws to govern AI
Doesn't want to see new laws created.
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 (
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
GBP/USD: Failing to take over the 1.2360 critical resistance
Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/
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
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
Consumer confidence and economic climate partially recover in May
Consumer confidence and economic climate indicators “partially recovered” in May in Portugal, after having recorded “strong reductions in April” due to the covid-19 pandemic, the National Statistics Institute (INE) reported
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. […]
‘Social IQ skills’ are the X-factor that women bring to tech companies
Apart from automation, technology needs soft and cognitive skills, believes HCl Technologies
Gender inclusion, the Infosys way
Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,
It’s imperative to make MGNREGS worksites pandemic-safe
Careful work selection, age-appropriate task allotment, monitoring of social distancing could hold the key
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
Tech spends in India to hit a 10-year low in 2020: Forrester
In 2020, India will have the slowest tech spending growth in at least a decade on account of sharp economic disruption due to the Covid-19 pandemic, according to a new report by market research firm F
The Auditor-General’s Strategic Intentions To 2025
We’ve published The Auditor-General’s strategic intentions to 2025.
Tower Delivers Solid First-half Performance
Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.
Elon Musk gets a $770 million award as Tesla hits goals
He can't sell the shares yet, though.
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.
ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector
The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.
Pacific Premier Bancorp's Temporarily Elevated Expenses, External Factors To Pressurize Earnings
The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors
NEA: I See Reasons To Remain Long
NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie
Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet
Over 100 new cases have been linked to Coupang facilities.
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.
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Fundraisers walk 11,000km for families of bereaved Filipino health workers
A team of around 100 are collectively travelling the distance from the UK to the Philippines.
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.
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).
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
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
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
GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"
The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness
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.
Madhya Pradesh launches ‘Rozgar Setu’ scheme for skilled workers
State is the first to devise such a work plan for those who returned, says CM Shivraj Singh Chouhan
Public Works Department resumes work at major project sites in Tamil Nadu
Officials say finding workers for the various projects is a challenge during the lockdown, as many have left for their hometowns
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
What every Canadian investor needs to know today
A look at the morning’s market action
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
Fundraisers walk 11,000km for families of bereaved Filipino health workers
A team of around 100 are collectively travelling the distance from the UK to the Philippines.
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.
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs
Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.
Boston Marathon canceled for first time in race's 124-year history
The Boston Marathon was canceled Thursday for the first time in the event’s 124-year history as the coronavirus pandemic continues to affect the sports world.
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.
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.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
Invest India holds virtual panel discussion for global investors
During the discussion, Ajay Prakash Sawhney, secretary in the Ministry of Electronics and Information Technology, highlighted the various initiatives undertaken by the government, including the production linked incentive scheme and scheme for promotion of manufacturing of electronic components and semiconductors.
Ministry proposes $69m stimulus for fisheries, aquaculture
Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.
How Coronavirus is Impacting Digital Payments in Emerging Markets
Emerging markets have been the scene for creative innovations in payments for the last decade, says Wirex CEO Pavel Matveev.
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.
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
China excludes clean coal projects from list eligible for green bonds
SHANGHAI (Reuters) - China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.
Asha Mwilu Leaves Citizen TV to Launch Media House
"The industry is looking grim at the moment with media houses closing shop and people being fired but I...
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.
Abiteboul rejects Red Bull's idea: "And that's probably no surprise"
Christian Horner recently came up with the idea of introducing customer cars to Formula 1. The smaller race stables buy a complete car from one of the top teams, levelling the field and reducing costs enormously. Haas F1 and McLaren, among others, were already negative about this proposal and Renault isn't enthusiastic either.
SpiceJet Becomes India's First Carrier to Deliver Essential Supplies, E-Commerce Goods Via Drones
New Delhi (Sputnik): As the coronavirus pandemic has put restrictions on the unessential movement of people and services, drones have spearheaded contactless deliveries...
The Regulatory State Is Failing Us
Tyler Cowen suggests how to address some of the biggest obstacles to fighting COVID-19.
Batsa continues legal fight to lift tobacco ban
Group says it must stand up for its customers, suppliers and employees.
Ifac advises Tipperary farmers about new TAMS 11 closing date
Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...
UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic
Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.
Land acquisition to be made easier in Uttar Pradesh
Continuing his efforts to promote industrialisation in the state, Uttar Pradesh Chief Minister Yogi Adityanath has now issued directions to amend.
How COVID-19 Could Re-Shape Our World
Instead of strengthening voices calling for international cooperation, China and the US bolstered nationalism. Elsewhere, too, nationalist leaders stoked xenophobia and offered demoralised citizens a simple trade: personal pride and national greatness
Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco
Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.
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
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).
With rooms, flights going empty, here’s how airlines and hotels are making money
Two of the worst hit sectors due to coronavirus -- aviation and hotel industries -- are eyeing alternate revenue streams as lockdown dries up revenues.
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.
UP signs MoUs with industry bodies to create 1.1 million jobs for migrants
The migrant workers will lay the foundation of New UP, says CM Adityanath
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:
Hacking away at PLDT's goodwill
Both the hackers of PLDT and the company itself should consider what they've done to get to this point
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.
Culture of silence around menstruation has become even more evident in COVID pandemic: UNICEF
The culture of silence around menstruation has become even more evident in the COVID pandemic, and breaking silence, raising awareness and changing negative social norms is more important now than
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.
The 5 Biggest Social Security Lies You've Been Told
Myths and misconceptions surround the most-revered social program in the country.
Buy Foot Locker For 50% Upside as the Economy Reopens
Beaten and bruised FL stock is ready to rip higher as the U.S. economy reopens and rebounds in the coming months. Foot Locker has 50% upside.
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.
3 Reasons to Buy Microsoft on the Next Dip
Microsoft stock is trying to make new highs, as bulls continue to bid the stock higher. Here are a few reasons to still like MSFT.
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.
India seeks bidders to implement ‘One Sun One World One Grid’
The Indian government invites proposals for the implementation of its 'One Sun One World One Grid' initiative, deadline for submissions is 6 July 2020.
Liberia embarks on a cost-reflective electricity pricing study
In efforts to attaining cost-reflective electricity pricing, the Liberia Electricity Regulatory Commission has begun a Cost of Service Study.
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).
Check out top industry-oriented courses offered by Swayam
Have you wondered what kind of courses are there on the platform? Which ones are right for you? If yes, then we have got you covered. Here is the list of most unique courses offered by Swayam from across fields.
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
MDEC: Online business set to stay post-Covid-19
KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...
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.
Editorial: Take hard look at Young Brothers plea for coronavirus relief aid | Honolulu Star-Advertiser
By the time much of Hawaii’s cargo reaches its final destination, Young Brothers LLC has touched it at some point. So alarm bells clanged loudly when the interisland shipper announced that the pandemic-related economic slump has pushed the company to the brink of its own shutdown.
Hawaiian Electric suspends rate increase due to COVID-19 pandemic | Honolulu Star-Advertiser
Hawaiian Electric announced Thursday that it will no longer seek an increase in its rates on Oahu, due to the hardship to customers presented by the coronavirus pandemic.
Hawaii budget shortfall now projected to be $2.3 billion | Honolulu Star-Advertiser
There was a lot of guesswork involved, but a panel of experts concluded Thursday that state tax collections will drop by 7% this fiscal year and another 12% next year, leaving Gov. David Ige’s administration with a whopping $2.3 billion budget hole to patch up.
TalkTalk says issue affecting access to some websites ‘resolved’
The problem came as many people working from home tried to log on during the coronavirus pandemic.
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.
Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]
Five Things You Need to Know to Start Your Day
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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
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
20 more positive cases of COVID-19 reported in Ladakh
Twenty more positive cases of COVID-19 were reported in Ladakh on Friday, taking the total number of positive cases in the union territory to seventy
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.
Bharti Singh Had Plans To Have A Baby With Hubby Harsh Limbachiyaa BUT….
Bharti Singh is certainly one of the most loved comedians in the country. The quirky nature, light-hearted comedy and chemistry with every superstar of B-town has won several hearts. But what the au
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.
For Yamaha, WFH has ‘no connection with distraction’
It has been a huge learning for everyone, says two-wheeler giant’s India head Motofumi Shitara
We need to plan for the next round of NPAs
The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing
11 more healthcare workers at AIIMS test positive for COVID-19
11 healthcare workers including two resident doctors have tested positive for coronavirus at the AIIMS now total reach to 206 staff infected.
How we helped Nigerian govt discover unremitted $55b from OICs — Trobell
Trobell International Limited, said it helped the Nigerian govt. recover over $55 billion in unpaid royalties from international oil companies
Cash-strapped hotel workers "having to use foodbanks"
Staff lose out after a mix-up excludes them from HMRC furlough scheme
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
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
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.
Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet
Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.
Fintech marketplace Stackin secures $12.6 million ahead of UK launch
Stackin, a US startup that helps consumers navigate the crowded fintech space, has raised a $12.6 million Series B funding round led by Octopus Ventures.
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
TalkTalk says issue affecting access to some websites ‘resolved’
The problem came as many people working from home tried to log on during the coronavirus pandemic.
BC farms need workers
The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic.
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
1,106 new coronavirus cases in Delhi in a day in record spike; death toll up by 82
Of the 82 deaths, only 13 have taken place in the past 24 hours, Health Minister Satyendar Jain said
Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery
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
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.
TalkTalk says issue affecting access to some websites ‘resolved’
The problem came as many people working from home tried to log on during the coronavirus pandemic.
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.
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.
New site is one-stop shop for B.C. workers, farmers, during pandemic
VICTORIA — The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic. A statement from the Ministry of. . .
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.
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.
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.
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.
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
US taxpayers' virus relief went to firms that avoided taxes
Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.
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.
HK govt warns US threats of sanctions will hurt itself
The Hong Kong Special Administrative Region (HKSAR) government late on Thursday expressed strong opposition to sweeping remarks contained in a report by the US State Department titled US – Hong Kong Policy Act, and warned that the interests of US corporations in Hong Kong will also be affected if the US adopts sanctions on Hong Kong.
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
VMware CEO After Storming Quarter: “Tech is Stronger than GDP”
VMware CEO: "Tech is stronger than GDP, and software and cloud is stronger than tech."
KCR pitches for new scheme for farmers in Telangana
Chief Minister K Chandrasekhar Rao who garnered country's attention with the Rythu Bandhu and Rythu Bhima schemes has announced that the government is planning to launch a special scheme for farmers...
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
South Korea 'comfort women' activist denies allegations
May 29 (UPI) -- The South Korean activist accused of misappropriating funds for surviving "comfort women" said Friday at a press conference the charges from former victim Lee Yong-soo are false.
As lockdowns ease, a Bronx nail salon plans a careful reopening
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
Formula One: Williams considering selling team after suffering over $15 million in losses
After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.
Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz's Statement That He's 'Stepping Down'
From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we've sha...
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 .
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
South African Airways administrators seek more time for rescue plan
If the delay in publication is approved, they will start those talks on June 1, they said in the letter, dated May 28.
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Vodafone Idea dismisses report of Google buying stake
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said
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
This telco stock has doubled in two months; eyes fresh highs
Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year
Ministry of Health refuses to reveal money spent on COVID-19 equipment
Mumbai-based RTI activist Anil Galgali had filed an online application on the central government's portal seeking to know steps taken by it to control the spread of COVID-19, name of equipment and material purchased for the purpose and the amount spent on them.
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss
Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.
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.
Coronavirus latest: at a glance
A summary of the biggest developments in the global coronavirus outbreak
Sun Pharma to test pancreatitis drug in Covid-19 patients in India
Sun Pharma it has initiated manufacturing of the active pharmaceutical ingredient and the finished product of the drug using technology from its unit, Pola Pharma Japan.
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
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
GSMA, O-RAN Alliance join-up as operators tipped to jump on tech
The GSMA and O-RAN Alliance became the latest organisations to announce joint efforts to help ...
Viettel selects Digital Virgo for carrier billing
Vietnam-headquartered Viettel Group signed a global deal with Digital Virgo to deploy its direct carrier ...
Nearly half of ecommerce searches on Google drive no traffic
Retailers are finding organic search is not generating the same volume of traffic as before.
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
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
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.
Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays
CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.
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.
COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
Coronavirus: Highest one-day deaths push total near 200 in UP
According to the state health bulletin, only four districts has active infection cases in triple digits – Jaunpur highest at 129, almost all are interstate migrants — followed by 118 active cases in Rampur, 115 in Noida and 110 in Basti. Only two districts — Agra with 95 active cases and Meerut with 93 active cases – are in the 90 to 100 bracket.
Army top brass discusses Chinese standoff at Ladakh
Over three days, the Indian Army top leadership discussed various aspects related to existing and developing security challenges, including China’s transgression attempts in Ladakh and Sikkim regions.
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...
Efforts taken to ensure safety of Sabah people amid Covid-19 pandemic, not to curb freedom, says CM
KOTA KINABALU, May 29 — The various efforts taken by the state government to contain the Covid-19 pandemic in Sabah were not meant to limit the freedom of the people in celebrating any festivals, said Chief Minister Datuk Seri Mohd Shafie Apdal. Instead, he said, those measures were taken to...
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.
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.
Amazon in talks for new Dublin office even as virus hits
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
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.
In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality
Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.
Chevy Working On A Secret New Sports Car
Although all-electric vehicles currently account for a very low percentage of total vehicle sales in the US...
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C
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
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.
Really Australia, it's not that hard: 10 reasons why renewable energy is the future
Australia's latest greenhouse gas figures released today show national emissions fell slightly last year. This was by no means an economy-wide effort—solar and wind energy did most of the heavy lifting.
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.
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
Heralding a new era for agriculture
While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge
New Otago Community Trust Chair Appointed
Otago Community Trust has today announced the appointment of John Wilson as its new chair. John takes over the Trust’s chair role from Ross McRobie effective from 1 June 2020. Ross will remain on the board of Otago Community Trust as a trustee until such time that the Minister of Finance makes the new trustee appointments.
COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
University Of Auckland Launches Learning Centres In China
The University of Auckland has launched two Learning Centres in collaboration with Southwest University (SWU) in Chongqing and Northeast Forestry University (NEFU) in Harbin. This will provide an alternative learning experience for its students unable to enter New Zealand because of current border restrictions.
NLC to receive £10million in extra funding to help fight coronavirus
Council leader Jim Logue welcomed the funding, with its allocation between areas having been agreed at a meeting of local government organisation Cosla last week.
Calm before the storm for Japan suicides as COVID-19 ravages economy
TOKYO: The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the ...
Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt
Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved
Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening
The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan
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
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
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
Elastic: Attractive Expansion Around Its Core Competencies
Elastic is leveraging its core competence in IaaS search technology to expand into the fast-growing cloud security and APM markets. It also continues to maintai
Learning From The Ups And Downs Of The Stock Market
Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b
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
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.
DCU students will be able to book flexible campus accommodation for as little as one night
Students attending Dublin City University (DCU) in the autumn are being offered a flexible approach to campus accommodation including booking for specific days, weeks or months for the academic year ahead.
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.
10 things you need to know before the opening bell
This is what traders are talking about.
Road User Charges from 1 July 2020 - NZ Post
The Government has recently announced changes to the Road User Charges (RUC), which will take effect from 1 July 2020. See the Ministry of Transport website for more information.
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.
Excluded from pandemic pay
More than 250,000 health, social services and corrections employees in British Columbia are receiving “temporary pandemic pay” for working on the front lines during the COVID-19 pandemic. But a local court clerk doesn't know why her and her coworkers haven't been included.
Feds won't mandate refunds
The federal government is not committing to a bailout of the Canadian airlines sector - but is also not planning to require air carriers to refund ticket holders for the flights cancelled during the COVID pandemic as some consumers have requested.
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.
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
Franklin Templeton’s legal troubles rise as Madras HC issues notice
The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June
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
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.
Pradhan envisages home delivery of petrol, CNG
“The government has already started mobile dispensers for diesel.”
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
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot
Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
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
UK’s Project Birch revives age-old problem of ‘picking winners’
State aid policy must stand on its own merits and not be muddled up with Covid-19
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
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.
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
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.
Deep Dive: Offering An End-To-End Experience Through ATMs
This Deep Dive explores the latest ATM banking innovations and credit unions' redefined roles as COVID-19 restrictions alter their relationships with members.
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
ICYMI: You will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS
The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages acknowledging receipt of funds.
Cruise ship ban extended, effectively scuttling season in Greater Victoria
The cruise-ship season that was forecast to bring more than three quarters of a million passengers to Victoria’s shores — and an estimated $130 million in economic activity — has . . .
Labour ministry to provide free skills training to job seekers registered on National Career Service portal
The training will encompass modules on corporate etiquette, improving inter personal skills, making impactful presentation including other necessary soft skills needed by the industry. The training module is available in two languages, Hindi and English, on the NCS portal.
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.
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
Expect demand to start picking up post Diwali: Nitin Jain
‘We have to ensure that the companies in this period are able to sustain themselves
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%.
Renault to cut 15,000 jobs, save RM9.7 billion by 2024
Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses
Lifetime community rating leads to rise in low cover plan purchases
Research suggests many first-time buyers bought cheap plans with limited benefits
Lifetime community rating cited for rise in low cover health plan purchases
Research suggests many first time buyers bought cheap plans with limited benefits
Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ
Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
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.
Norway plans $369 million green industry investments
OSLO (Reuters) - The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.
Vienna's Hotel Sacher turns suites into pop-up restaurants
VIENNA (Reuters) - Secret love affairs, tricky business deals and political negotiations - Vienna’s opulent five-star Hotel Sacher has been a popular spot for delicate missions since it opened in 1876.
Sun Pharma to test pancreatitis drug in COVID-19 patients in India
BENGALURU (Reuters) - Drugmaker Sun Pharmaceutical Industries Ltd said on Friday it has received Indian regulatory approval to start clinical trials of a pancreatitis drug in COVID-19 patients.
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.
Former HK leader calls out HSBC following UK criticism of security law
HONG KONG (Reuters) - Former Hong Kong leader Leung Chun-ying on Friday called out banking group HSBC Holdings plc (HSBA.L) for not making its “stance” clear on China’s imposition of a new security law on the city, after the United Kingdom’s criticism of the move.
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
PruPay Building Text-Based Payments System with PayPal
Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.
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.
PIC CFO suspension extended as disciplinary clears her of Ayo charges
Board says it will be
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
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...
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
Tata-Mistry battle: Supreme Court to hear Cyrus Mistry's plea for Tata Sons board position
The apex court's final order in the matter will be important as the dispute has now boiled down to two key issues --a board position for the minority shareholder Shapoorji Pallonji group and turning back Tata Sons into a public limited company from private
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)
A tight squeeze! Developers are building tiny flats the size of a disabled PARKING SPACE - as they cram a kitchen, bathroom and bed into just 180 square feet
Developers have brushed off criticism over their 182-square foot apartments and insist the micro-homes in Cambridge are 'a perfectly reasonable size'.
COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres
He said the pandemic could usher in a loss of USD 8.5 trillion in global output the sharpest contraction since the Great Depression of the 1930s.
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.
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.
Former Miss World Manushi joins hands with UNICEF to promote menstrual hygiene
On May 28, which is observed as the World Menstrual Hygiene Day, Manushi participated in UNICEF global initiative called the Red Dot Challenge -- a symbol adopted by the world body to depict menstrual cycle.
What does Tesla slashing car prices really mean for the company?
Sales of all autos, generally, tanked in the last two months
Sebi seeks time to file counter in High Court on PIL against Franklin MF
The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
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
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
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
Little Boy Throws Prom For His Nanny As Hers Gets Cancelled; Watch Video
Aww, this is the sweetest thing ever!
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
Volkswagen looking to buy 50% of JAC's parent company
The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company
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.
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
Almost all firms 'forced to rethink tech priorities'
Global pandemic triggers shift to an almost completely digital working set-up.
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?
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.
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.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
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.
Nvidia Is Showing Investors It’s More Than Fun and Games
With the tech firm's investments in AI and autonomous innovations, NVDA stock has more catalysts at its disposal.
NCS ties up with TCS iON for providing free online skill training to registered job seekers
This course on soft skills assists the learners in enhancing personality development with modules on corporate etiquette, improving interpersonal skills, making impactful presentations, including other necessary soft skills demanded by the industry.
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 ...
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
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.
The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO
This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.
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.
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.
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
GBP/USD hits 2-1/2-week high, around 1.2365 region ahead of Trump
The GBP/USD pair quickly reversed a mid-European session dip to sub-1.2300 level and jumped to the highest level since May 12, around the 1.2365-70 re
USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump
The USD/CAD pair held on to its softer tone through the early North American session and had a rather muted reaction to the US/Canadian macro data. Th
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
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
Court sides with Louisiana governor in fight over unclaimed property
A district court judge has ruled for Gov. John Bel Edwards’ administration in its lawsuit against Treasurer John Schroder over how to handle unclaimed financial assets.
Clean energy is outperforming fossil fuels in America, UK and Europe
Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.
The coronavirus could mark the rise of automation
The coronavirus pandemic has caused a massive surge in global unemployment. It has also highlighted the increasingly valuable role of automation in today's world.
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
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
Fighting Covid-19 and building the future Human Resource Capital
Companies must use the pandemic to prepare for a post Covid-19 world
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report
Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo
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.
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
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…
HDB to launch 7,800 BTO flats in August sales exercise, services and construction activities to resume
SINGAPORE: The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in ...
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
No, Luckin Coffee Is Not 'Too Cheap'
LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh
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
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.
Covid-19 to have ‘very significant impact’ on Coillte
The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.
Anil Khanna defends decision, says can't authorise expenditure in absence of approval from president or secretary general
Tokyo Olympics News: Indian Olympic Association's finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookings relating
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
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.
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.
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
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.
Coronavirus: Sun Pharma to test pancreatitis drug in COVID-19 patients in India
Sun Pharma said the pancreatitis drug, nafamostat mesilate, has been identified as a potential candidate for COVID-19 patients by scientists at University of Tokyo and Leibniz Institute for Primate Research, Germany
Covid-19 impact: India GDP growth slows to 3.1% in March quarter
Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter
India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20
Output of eight infrastructure sectors contracted by 38.1% in April.
The future of Indian retail post-Covid
After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game
Drop power privatisation plan: Puducherry MP
N. Gokulakrishnan says Centre’s move will affect farmers and the poor
Tiruvarur to get 405 solar-powered farm pumpsets
The Ministry of New and Renewable Energy has allocated 405 solar-powered farm pumpset connections to Tiruvarur district under the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PMKUSUM) Sc
‘Use CSR initiative to help needy people in Kollidam’
A public welfare organisation has approached the Nagapattinam district administration seeking utilisation of the CSR (Corporate Social Responsibility) funds of the Oil and Natural Gas Corporation for
AI Startup Accern Secures $13 Million Through Series A Funding Round
Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fu
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
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.
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
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Apple Inc. (NASDAQ:AAPL) is Wade G W & Inc.’s 3rd Largest Position
Wade G W & Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,339 shares of the iPhone maker’s stock after selling 8,544 shares during the quarter. Apple accounts for […]
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 […]
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 […]
Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)
Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]
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 […]
Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00
Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]
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 […]
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 […]
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 […]
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. […]
-$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 […]
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, […]
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 […]
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
Williams considers sale of Formula One team
Pandemic adds to strain after poor performance on the track and £17m loss
Ed Miliband demands more state support to rescue UK steel sector
Former Labour leader says government should consider taking equity stakes in struggling manufacturers
Welcome to the Microsoft economy
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren't.
Deep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
This Deep Dive examines how fraudsters perpetrate cross-channel schemes and how FIs use link analysis and behavioral analysis to detect such crimes.
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
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.
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
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.
Bihar's industries minister writes to 24 companies inviting them to invest
Referring to Bihar as a “central location in eastern India”, Rajak said the state's location midway between UP and Bengal makes it suitable as a manufacturing base for markets in eastern UP, Bengal, Jharkhand, Odisha and the Northeast.
KEC International Q4 results: Net profit down 3% to Rs 193 crore
Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.
Calm before the storm for Japan suicides as coronavirus ravages economy
The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
Intents Mobi app is helping truckers map services along India's road network, while getting paid for it
App gathers official and community-sourced information, offers monetary payouts to contributors
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
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.
Investors, scientists urge IEA head to take bolder climate stance
LONDON (Reuters) - Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation’s reports enable damaging levels of investment in fossil fuels.
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.
China’s First Civil Code Allows Citizens to Inherit Cryptocurrency
The Chinese Parliament has adopted the country’s first Civil Code, which among other things, enables citizens to inherit bitcoin and other cryptocurrencies.
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.
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
Blockchain.com Rolls Out Bitcoin Interest Accounts
Blockhcian.com, one of the early crypto wallet platform, has rolled out interest-bearing accounts for deposited digital assets.
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.
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.
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.
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.
COVID 19 and Latin America: Three months on, the struggle continues
Ecuador which became face of the epidemic and the epicentre in end March continues to have the highest number of death cases per capita in the region.
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.
Soas to slash budgets and staff as debt crisis worsens in pandemic
Fears of takeover after auditors question whether London-based institution can continue
Vodafone Idea stock jumps 35% on report of possible stake sale to Google
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
Online Seva begins at MM Hills Temple
Devotees can perform various Sevas to the deity and have darshan via www.mmhillstemple.com Chamarajanagar: Male Mahadeshwara Temple, one of the prominent temples in the State, located atop Male Mahadeshwara Hills at Hanur taluk in Chamarajanagar district, has commenced online seva to devotees from Wednesday. Following COVID-19 pandemic and lockdown, all places of worship were closed...
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.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech
Nikkei dented by US-China tensions, but scores best month since 2015
Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark
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.
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.
5 Must-Know Investing Rules for Newbies
Ready to step up your wealth game and start investing? Read this first.
Better Buy: Zoom Video Communications vs. Microsoft
Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?
Another delay in release of SAA rescue plan
Rescue practitioners Siviwe Dongwana and Les Matuson have asked creditors for another extension — the fourth thus far — to the deadline to publish SAA’s business rescue plan.
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.
Sudan does an about-turn in US relations
Will Khartoum’s deal to pay compensation for the 1998 bombings change its global stance?
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.
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.
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.
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.
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.
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.
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
Electricity distribution operators survived COVID-19 emergency
Electricity distribution operators successfully kept lights on for the world during the lockdowns imposed in the initial stages of COVID-19 emergency.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...
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...
Energy Commission to hold competitive bidding process for LSS photovoltaic plant development
PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...
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,...
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
Lagos BRT fares hike unnecessary, wicked —Commuters
Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state. The News Agen...
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue
Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Hidden Cost of Mass Layoffs: Why Job Cuts Won’t Solve States’ Budget Crisis
States and cities are slashing jobs in the face of huge deficits. But making the budget math work isn’t quite so simple.
Why Is Facebook for Remote Work? It Wants Pay Cuts
The company seems intent on reining in tech wages by hiring all over the country at lower salaries.
Elon Musk Awarded $800 Million For Doing His Job
Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.
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
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
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
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
Tokyo Olympics 2020: Anil Khanna defends decision to not give early clearance for hotel bookings, argues absence of president or SG
IOA President Narinder Batra had asked Khanna to furnish
Xbox gamers have spent more than $1.4 billion on ID@Xbox titles
The ID@Xbox program has made more than $1.4 billion since the program began back in 2013. Global strategic partnership management lead of the ID@Xbox program Agostino Simonetta revealed some interesting stats about the scheme.
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.
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.
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.
Pending vehicle registrations from pre-lockdown time continue
‘Only negligible vehicle sales happen now’
Wipro appoints Thierry Delaporte as CEO and MD
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
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.
Covid-19: The race for self-sufficiency
For many people, Covid-19 has triggered a yearning for change: a slower pace, a lighter footprint and an existence more connected to nature. And now – perhaps the first time – a life more resilient t…
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 ...
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 ...
India coronavirus death toll passes China's
NEW DELHI: India's coronavirus death toll passed neighbouring China's on Friday (May 29), with 175 new fatalities in 24 hours taking the total to ...
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 ...
Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript
Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV
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
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
REX American Resources: A Poor FQ1 Earnings Report Masks Improving Conditions
Ethanol producer REX American Resources reported its FQ1 earnings for the period ending April 30 earlier this week. The report gave investors a first look at th
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
Fortescue and Andrew Forrest lose High Court appeal over exclusive native title of WA’s Yindjibarndi people
Australian mining giant Fortescue Metals Group (FMG) has lost its High Court bid to appeal against a native title determination that covers one of its
India coronavirus death toll passes China's
India is emerging as a new hotspot with record jumps in new cases in recent days.
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
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.
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.
GoodChips expands certification to global market with Azwood Energy
A leading energy supplier within New Zealand is enabling GoodChips® to grow its international base.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
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
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.
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Renault to stay in Formula One despite job cuts
Renault will continue to run a team in the Formula One world championship, despite announcing nearly 15 000 job losses in the wake of plummeting car sales.
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
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
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 […]
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 […]
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 […]
Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Position
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. […]
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 […]
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 […]
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".
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.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
Warning over inflatable toys after dramatic sea rescue
A co-pilot of the Shannon-based coast guard helicopter has advised people to be careful in the water with inflatable toys after the dramatic rescue of a five year-old girl who drifted out towards the sea in Co Kerry yesterday.
Dow Jones retreats ahead of Trump's response on Hong Kong
The Dow Jones Industrial Average was down 269.88 points, or 1.06 per cent, at 25,130.76.
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.
ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal
The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath.
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
India coronavirus death toll passes China's
India's coronavirus death toll passed neighboring China's on Friday, with 175 new fatalities in 24 hours taking the total to 4,706, according to official data.
BNI Syariah sees profit soar in Q1, chances to expand international banking services
BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO
AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.
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.
Lebanon has scant chance of getting IMF aid, opposition figure says
BEIRUT (Reuters) - Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Crisis-hit Wall Street checks in to Zandi's 'impairment studio'
NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.
The HP example: How to do collaboration and remote work right
Companies that figure out how to carry on successfully with a distributed workforce can emerge from the ongoing pandemic stronger than before. HP offers lessons on how to do that.
Hog farms in coronavirus crisis need more aid, say producers
More federal aid is needed if hog farmers are to survive the coronavirus pandemic, which has depressed market prices and slowed pork production.
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.
‘At the most elite institutions, college can basically be a finishing school:’ Coronavirus raises new questions about the value of higher education
After universities moved online in the spring, the question of what college tuition actually buys took on new resonance.
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...
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...
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
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
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
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
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.
Emerging trends in warehousing segment post Covid-19 lockdown
At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.
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.
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.
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.
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
CIL's coal quota under e-auction for non-power sector up 3-folds in Apr
The scheme was launched in 2015-16 to make coal available to non-power consumers, including captive power plants
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
India ninth on global Covid-19 list, overtakes China on death count
India added 7,466 cases, a record number in a single day, according to data shared on Friday morning. China has confirmed 84,106 infections and 4,638 deaths from Covid-19 so far
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
Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
Lockdown effect: Core sector output crashes record 38.1% in April
Infra segment hurt the most as cement and steel output tank by more than 80 per cent
Crisis growing as GDP data signals weakening demand, growth impulses
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
British American Tobacco contests South African lockdown ban
British American Tobacco South Africa says a continued ban on legal cigarette sales threatens the sector and the livelihoods it supports
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
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.
Nigerians to pay stamp duties on ATM printouts, some WhatsApp messages – FIRS
The Federal Inland Revenue Service (FIRS) revealed that Nigerians will now pay stamp duties on some WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds. Stamp duties will also be paid by
Amazon Doesn't See Demand Slowing Anytime Soon
It still has capacity constraints in its warehouses.
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.
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.
Could First Solar Be a Millionaire-Maker Stock?
It's a great company, but is it a great stock?
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.
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.
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.
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.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Lead and we follow: country of over-achievers in times of crisis
History shows that national unity only lasts as long as the emergency.
3 Reasons to Still Trust High-Flying Wayfair
The economy is just turning around, which would benefit the online furniture retailer.
It Looks as If American Airlines Stock Is Set for a Big Return Next Year
American Airlines Will Fly with lower capacity but first must wait for passenger traffic levels increasing
Southwest Is a Much Better Pick Now Than American Airlines Stock
Investors looking to play the rebound in airline stocks should pass up AAL stock because the firm's shaky finances will hurt its recovery.
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.
Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock
An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.
India quarterly growth worst in two decades as lockdown bites
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...
IOI Properties’ Q3 profit falls due to Covid-19 pandemic
KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...
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.
Bonfire of dead rules to drive Australia's recovery
Over-regulation risks a "meandering" economy that will struggle to re-employ Australians who have lost their jobs.
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
Forget the fast-food fix, Morrison's trying a new economic recipe
The September deadline on the industrial relations reform negotiations will be the first litmus test of the Coalition government's new era of co-operation.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
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.
GBP/USD: New month, new falls amid a never ending Brexit story
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica
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
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
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
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.
India coronavirus death toll passes China's
India's coronavirus death toll passed neighbouring China's on Friday, with 175 new fatalities in 24 hours taking the total to 4,706, according to official data.
Decomposed body of migrant worker found in Shramik train toilet
The deceased was working in a factory in Mumbai and was returning home after being rendered jobless.
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.
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.
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.
Apex court to hear Mistry’s plea for seat on Tata Sons board
The Supreme Court on Friday agreed to hear ousted Tata Group Chairman Cyrus Mistry’s petition seeking a “proportionate” representation for Shapoorji Pallonji Group (SP Group) on Tata Sons board.The SP
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
Lincoln University Strongly Positioned For The Future
Lincoln University’s 2019 Annual Report shows it is strongly positioned for the future, with an ambitious programme of campus development projects beginning during the year.
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
Fors and against investing in cryptocurrency you need to be aware of
Investing in cryptocurrency seems to be a major risk for some. The article outweighs the pros and cons of investing in cryptocurrency
Volkswagen invests US$2.2b in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...
3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame
MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and
Nutanix: Strong Subscription Revenue Proves Bull Thesis
Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.
Marathon Oil: A Strong Balance Might Not Be Enough
Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses
THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market
This report looks at the state of online grocery adoption before the shopping method became vital to many consumers amid the pandemic.
Real-time payments are seeing rapid uptake during the pandemic
The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.
Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.
Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.
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.
Nawazuddin Siddiqui’s Wife Aaliya Siddiqui Clears the Air Around Demanding Alimony
Nawazuddin Siddiqui’s wife Aaliya has been in the news for filing for a divorce from the actor. The marriage has been facing rough weather since some time.
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
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.
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.
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.
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.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Lead and we follow: country of over-achievers in times of crisis
History shows that national unity only lasts as long as the emergency.
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)
Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]
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 […]
PizzaExpress to launch pasta delivery service in hunt for revenues
Chain’s private equity owners consider survival options including restaurant closures and debt-for-equity swap
Threshold are calling for an immediate extension on the ban of evictions and rent increases
Threshold, an Irish housing charity, has today called for an extension on the ban currently in place on evictions and rent increases, which is due to...
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
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
COVID-19 recasts internet as a utility for every home
Jorg Welters explores how the telecommunications sector has grown amid the COVID-19 crisis after broadband is perceived to be essential to surviving lockdown
"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...
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.
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.
ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
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.
HCL's acquires Cisco's SON tech for $49 million; to boost 5G tech deployment
The acquisition, which comprises of products and services built on Ciscos SON technology, will help HCL cater to customers in the telecommunications industry as SON has become a major component in the move towards 5G networks, including tier-one communications service providers globally.
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%.
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.
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.
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.
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.
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.
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.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Lead and we follow: country of over-achievers in times of crisis
History shows that national unity only lasts as long as the emergency.
Salesforce Writes Off $25 Million as it Abandons Offices
Salesforce adds that cancelling physical events this fiscal year in favor of virtual experiences cost it $65 million. Salesforce offices meanwhile..
Meet Monero: A Privacy Cryptocurrency Offering Real Anonymity Advances
While there remains a misconception cryptocurrencies like Bitcoin and Litecoin are anonymous, the truth is transactions on these networks can be – and often are – linked to real identities. Understandably, some cryptocurrency users have come to desire stronger privacy guarantees, and this demand has…
German government fails to agree on green hydrogen strategy
BERLIN/FRANKFURT (Reuters) - Germany’s government on Friday failed to agree on a national hydrogen (H2) strategy, with ministers divided over proposed capacity and implementation times for the long-awaited plan to help decarbonise the economy and cut carbon dioxide emissions.
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
Astrologer Bejan Daruwalla dies at hospital in Gujarat
The reason for his death remains unclear, though some reports said it was due to Covid-19.
Covid-19 could Lead to Loss of $ 8500 Billion in Global Output: Secretary General -
United Nations chief Antonio Guterres has warned that the Covid-19 pandemic may cause unimaginable catastrophe and may lead to severe
Lebanon has scant chance of getting IMF aid, Geagea says
BEIRUT: Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday. “Unfortunately, (matters) are going from bad to worse,” he said. “It could, in my opinion, reach social unrest, and social violence.”
Uddhav Thackeray-led Maha Govt increases honorarium for doctors on contract and bond
On Friday, the Uddhav Thackeray-led Maharashtra Government announced a substantial hike in the honorarium of doctors serving their bonds to bring it at par with doctors working on contract basis. "This will further strengthen their resolve in this war against COVID-19," said the Chief Minister.
Experiment into fake online reviews shows how easy it is to be misled
Fake reviews experiment shows how shoppers are likely to buy poor goods
Latest on the worldwide spread of the coronavirus
While several countries further relax restrictions designed to contain the coronavirus, with Italy and England due to restart their top-flight soccer leagues next month, Russia, Brazil and Mexico kept struggling with rising numbers of cases and deaths.
COVID-19: RTI plea seeks to know amount spent on equipment purchase; Health Ministry refuses info
After 22 days of filing the RTI application, Galgali received a response stating that the CPIO deals with matters related to HLL Lifecare Limited, a public sector undertaking under the Ministry of Health and Family Welfare.
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.
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.
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.
Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%
Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.
Google reportedly rescinds 2,000 contract worker jobs
Google said it would slow hiring "given that we are faced with a global crisis of uncertain depth and duration."
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
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
India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
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
Decision to open shops in malls soon after taking into account health ministry's guidelines
The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.
COVID-19: RTI plea seeks to know amount spent on equipment purchase; Health Ministry refuses info
The Central government's Ministry of Health and Family Welfare has denied to share the information related to the expenses incurred to combat the COVID-19 pandemic outbreak, saying that it has no
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
Travel industry using cleanliness, celebs to woo customers
NEW YORK/LONDON/BEIJING – Lysol is starring with celebrities and rock-bottom prices in the US$8 trillion (S$11.3t) global travel industry’s pitch to get people back on the road and in the air. What was scrubbed from view now leads marketing campaigns as cleanliness is...
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
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.
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.
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.
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.
Quarterly growth slides to 3.1 per cent, more pain feared
Worries centre around Covid surge, slow recovery
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.
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.
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.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Google Pay now allows you to find nearby essential stores; here’s how
Here's how you can get to know which store is open near you via the Google Pay app.
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.
Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic
KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...
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...
South Korea closes over 200 schools again after biggest COVID-19 spike in weeks
More than 200 schools in South Korea have been forced to close -- barely a few days after they re-opened -- due to a dramatic spike in the COVID-19 cases.
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
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 ...
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...
Vanishing jobs for young could create ‘lock-down generation’ | Honolulu Star-Advertiser
GENEVA >> Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old father of two has been out of work ever since.
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
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
Tobacco farmers ask govt to shun policies aping West
IANS New Delhi The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing farmers and farm workers of commercial crop
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
Delhi HC restrains Quikr, Olx from posting ads related to Reliance, Jio
IANS New Delhi The Delhi High Court has granted Reliance Industries Limited (RIL) an interim injunction against Quikr and OLX India and restrained them fr
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
IOA finance chairman refuses hotel bookings for Tokyo Games without president’s sanction
PTI New Delhi Indian Olympic Association’s finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookin
Coronavirus Update: How COVID-19 Reforms the Mobility Industry
The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.
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
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Powell Speech: Fed is strongly committed to using its tools
The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp
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
EUR/USD: ECB and a packed US data could wane the optimism
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re
Railways denies reports of trains 'losing' way; says only 4 shramik trains took over 72 hrs to reach destination
The Railways defended itself on Friday in the face of severe criticism over delays by Shramik Specials in reaching their destinations, saying they were not regular trains and they can be extended or short-terminated, and their stoppages and routes can be changed for the benefit of migrant workers.
Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?
China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.
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.
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
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,
Q4 GDP reveals a sorry picture even before the onset of lockdown
With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far
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
Telecom services unaffected by lockdown in May
‘Nearly 97 per cent of the 1.1 billion SIMs are pre-paid, and all of them are being recharged’
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
Water And Wastewater Price Changes From 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Council Approves City Recovery Fund
Wellington City Council has adopted a framework to manage the new Tipu Toa: Build back better, City Recovery Fund.
British and Australian MotoGP races cancelled
This year's British and Australian MotoGP races have been cancelled due to the COVID-19 pandemic, organisers said on Friday.
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 ...
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
ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript
ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie
GetSwift: A Smart Bet On The Post-Corona Delivery Revolution
GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin
New York Community Bancorp: Nice Little Trade
While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State
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
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
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
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
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 […]
Federal government to clear all Centrelink robo-debts, refund money
More than $720 million raised through the Morrison government's controversial Centrelink robo-debt program will be refunded.
Work from home is here to stay, but it may put younger workers at a disadvantage
Physical offices often serve as a key place for younger workers to socialize and network, but the post-pandemic workplace may be your laptop screen.
Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic
In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
Smoke from major Normandy fire visible from Jersey
A HUGE plume of smoke stretched across the sky to the south-east of Jersey today (29 May) after a large fire broke out at a recycling site in Normandy.
Crude has best month
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
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
Theni CPI-(M) blames it on officials
THENIAccusing the district administration of ‘anti-people’ and ‘anti-poor,’ the cadre of Communist Party of India (Marxist) staged a demonstration in front of the Collectorate here on Friday.The peopl
Coronavirus lockdown | Eight States, UTs yet to lift foodgrains meant for migrant workers
Eight States have so far not lifted any foodgrains allocated by the Centre under the Atma Nirbhar Bharat package, which aims to ensure free supply of foodgrains to all migrants who are not covered und
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
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.
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 […]
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 […]
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 […]
Sound the trumpet! Debt jubilees have arrived
Some of the pandemic relief policies around the world are a grand gesture towards forgiveness
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
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.
'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.
Main Street’s Pandemic-Led Shift To Digital Innovation
With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.
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...
Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading
Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
Amazon in talks for new 750-worker Dublin office despite virus
Amazon is in talks to rent an office block in Dublin with space for about 750 workers.
Decision on accelerating easing of restrictions to be made next week
Taoiseach Leo Varadkar has said that the country is on track for phase two of the lockdown exit plan but any easing of restrictions cannot be “accelerated unsafely”.
Coronavirus: Three more deaths, 17 new cases reported in North
New statistics show care home residents account for more than half of region’s Covid-19 deaths
TPAD 2 System for TSC Teachers: All You Need to Know
The Teacher Performance Appraisal and Development (TPAD) system 2 enhances professional growth and learning outcomes as...
Covid-19: ‘Not worried about virus, but government apathy,’ say AIIMS healthcare workers
Over 206 healthcare workers have tested positive at the All India Institute of Medical Sciences in New Delhi.
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.
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.
Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers
After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.
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.
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,
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...
Diane Dodds says north faces 'long, hard road to recovery'
Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.
Facebook's rolls out 'Venue' app that acts as a 'second screen' where users can get commentary and content about live events in real-time
The app, called Venue, which was created by Facebook's New Product Experimentation team, acts as a 'second screen' for when users are watching sports or other live-streamed events.
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.
Sonu Sood to the rescue of 117 Odisha girls! Provides airlift from Kerala; details
Bollywood actor Sonu Sood has yet again offered help to Odisha girls stuck in Kerala ever since the nationwide lockdown had been announced.
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
CIL’s coal allocation under e-auction for non-power sector up 3-folds in April
Coal India Ltd (CIL) had allocated 1.20 MT of dry fuel to the sector under the scheme in April 2019, as per latest government data.
Travel outlook uncertain, demand may fall amid Covid-19 crisis: Vistara
Domestic air travel resumed on Monday after a span of two months and a majority of passengers in the first four days were those, who were left stranded in different parts of the country.
Tamil Nadu CM to invite 13 prominent tech companies to invest in state
The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India
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.
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
Arogya Setu completely secure: Ravi Shankar Prasad
Prasad said that Aarogya Setu app is a product of India's digital mind and it traces and cautions individuals against the spread of the virus.
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
Study: Social Security Recipients Could Face Benefit Cuts This Decade
COVID-19 could result in benefits being cut even sooner than you think.
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.
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.
Farming Community Network mark 25 years of supporting region's agriculture
Farmers across Devon have marked the 25th anniversary of the Farming Community Network (FCN), by walking 25 miles
South Korea Closes Schools AGAIN, 2 Days After Reopening, Following Biggest Coronavirus Spike
South Korea has closed more that 200 schools in the country just 2 days after reopening them due to due to a new spike in virus cases.
University of Limerick issuing €3.5million refund to students for on-campus accommodation rent
Each University of Limerick resident will recoup rent from the date they left their apartment or house
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....
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
Coronavirus: What help are self-employed getting from government?
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
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.
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.
West Rand active virus cases jumped to 244 in 8 days – Makhura
'The mining sector has contributed substantially to 21% of all the new cases in our province,' Makhura said.
Govt to pay back $721m wrongly raised through robodebt
Finally bites the bullet.
EUR/USD seen at 1.05 on a 3-month view – Rabobank
The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see
USD/CAD: CAD’s best days are behind it – TDS
The Canadian dollar has pulled its US counterpart to 2, ½ month lows at 1.3710, the FX Analysts’ team at TD Securities, however, are sceptical about f
USD/JPY extends rebound and prints fresh daily highs above 107.70
The USD/JPY pair broke to the upside after moving sideways for hours during 107.05 and 107.30. It climbed to 107.82, hitting a fresh daily high as the
Truck loaded with LPG cylinders catches fire at Tikri, Jammu-Sgr highway closed
The vehicular movement on Jammu-Srinagar national highway was restricted temporarily after a truck loaded with liquified petroleum gas (LPG) cylinders
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.
Global Covid-19 Tally Rises To Over 58.31 Lakh, Death Toll Crosses 3.6 Lakh Mark
The total number of people that have recovered from the disease has also increases to 24.3 lakh.
Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%
Agriculture, govt spending saviours; industrial, services growth shrink
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
Jolovan Wham donates S$1 more than what Jo Teo required of him
Jolovan Wham donates S$1 more than what Jo Teo required of him
Softbank-backed Coupang under scrutiny after South Korea warehouse virus outbreak
Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened a new groceries warehouse and logistics ...
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 ...
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
Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern
Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr
Asia Today: S Korea has another 39 cases linked to warehouse
SEOUL, Korea, Republic Of — South Korea on Saturday reported 39 new cases of the coronavirus, most of them in the densely populated Seoul area where officials have linked scores of infections to warehouse workers. Figures from South Korea’s Centers for Disease Control and Prevention brought national totals to 11,441 confirmed cases and 269 deaths. …
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.
Parents returning from maternity or adoptive leave will be included in coronavirus wage subsidy scheme
PARENTS returning to work from maternity or adoptive leave will be included in a government scheme to subsidise their wages during the Covid-19 crisis.
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.
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.
RBI imposes Rs 4 crore penalty on Citibank
India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Amazon discontinues the Echo Look and migrates AI style recommendations to other apps and devices
Amazon has discontinued the Alexa-powered Echo Look as it migrates the connected camera's key features to other apps and devices.
'Play-pods' of up to 12 children to be introduced in creches as they reopen from 29 June
These services will first be made available to children of essential workers and those experiencing poverty or welfare issues.
Are Jobs Returning In Reopened States?
States open the longest have been a mixed bag.
Gurgaon registers highest daily spike in Covid-19 cases, 115 test positive today
Gurgaon Civil Surgeon said the total cases have now jumped to 520, including 293 active cases. In the last 4 days alone, 236 cases emerged in the city.The doubling rate of cases is now one week in Gurgaon
CMO to ‘chase’ single window clearances for building permissions
TS-bPASS would come into operation from June 2
Chancellor extends coronavirus support for self-employed but for the final time
Rishi Sunak confirmed the scheme would not be coming to an end and that the self employed would be able to claim a grant for the second and final time
Alfa Romeo to cover finance payments on new cars if you lose job due to coronavirus
The car manufacturer has become the first in the UK to cover finance payments for owners of new vehicles for up to seven months at no cost to the driver if they lose their job due to Covid-19
Two-thirds of Brits pledge to do more for their local community when pandemic ends
A survey of 2,000 adults suggests the pandemic has brought people together, with two-thirds of those wanting to continue the community spirit when the crisis ends
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
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
Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again
Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.
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.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman
Indian economy grew at 3.1% in the last quarter of FY 2019-20.
Wage subsidy scheme opened up to women returning from maternity leave
People returning from maternity leave are now able to access the Temporary Wage Subsidy Scheme.S...
RCF Q4 results: Profit jumps nearly 3-fold at Rs 142 crore
Its net profit stood at Rs 47.16 crore in the year-ago period, the company said in a regulatory filing.
India urges for wider information sharing under tax treaties within BRICS
The tax heads of other BRICS nations shared the measures taken by their respective tax administrations and their thoughts on other agenda items like tax challenges posed by digitalisation and exchange of information.
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.
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
De Blasio says New Yorkers ‘have to improvise’ their way around town
New Yorkers will "have to improvise" how they get around town during the next phase of the coronavirus crisis, Mayor Bill de Blasio said on Friday.
Education Minister Dipu Moni to announce SSC results on Facebook Sunday
Education Minister Dipu Moni will discuss the different aspects of this year's SSC and equivalent examinations in a live stream on Facebook amid the ongoing coronavirus crisis.
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
The 99p hay fever remedy wipes that one shopper claims 'gave my son his life back'
Here is where to buy the bargain product...
All dressed up, no prom to go to
BOSTON (Reuters) - Like Cinderella, Emily Appleton dreamed of going to the ball and dancing with her Prince Charming. But the coronavirus spoiled everything.
Bithera to Launch Cryptocurrency Exchange and Start BHC Staking Program on May 30th, 2020
With the rapid growth of Bitcoin and thousands of other digital currencies, in just over 10 years, cryptocurrency has become a “fever” that attracts many technology engineers and investors worldwide. It only takes one opportunity of owning some virtual currencies such as Bitcoin, ETH, XRP, BNB, etc. for your assets to increase unlimitedly to thousands, even millions of times.
Soros Reportedly Suggests Reviving 18th Century Bond Scheme to Help EU Weather COVID-19 Cost
The billionaire also described the coronavirus as a threat to "the survival of our civilization", which "moves very fast and in unpredictable ways".
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
All dressed up, no prom to go to
BOSTON - Like Cinderella, Emily Appleton dreamed of going to the ball and dancing with her Prince Charming. But the coronavirus spoiled everything.
India Now Has More Virus Deaths Than China Where Pandemic Started
India is the latest country whose coronavirus death count has topped the number of lives lost in China, where the pandemic started
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).
Home delivery of petrol, CNG: Govt mulling new retailing model to make all fuels available at one place
The minister said city gas network of CNG supplies to automobiles and piped cooking gas to kitchens will soon cover 72 per cent of the country's population.
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.
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.
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.
These were the 10 biggest European tech stories this week
These were the 10 European tech stories this week
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
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
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
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.
Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%
The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports
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.
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
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Should You Buy Hertz Stock Now?
Understanding Hertz's current scenario is important to avoid a huge investing mistake.
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.
Visa Stock Is the Best Payments Powerhouse for Your Portfolio
Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.
Salesforce Stock Still a Buy as Its Software Gains Influence
Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.
Is Microsoft Stock About to Go Into a Lengthy Stall?
Microsoft trades at 30 times forward earnings. Some believe Microsoft stock is overvalued and about to go into a lengthy stall.
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.
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
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.
Allowing people to meet in bubbles ‘could spread coronavirus in population’
It was thought the roadmap to easing the lockdown contained the possibility one household could form a social ‘bubble’.
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open
Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.
NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser
The NZD/USD pair capitalized on the broad-based USD weakness and surged to its highest level since March 12th at 0.6241. However, the risk-averse envi
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
COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released today by the International Energy Agency (IEA) the International Renewable Energy Agency (IRENA), […]
Williams considers selling F1 team after £13 million loss
Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...
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
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
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
Omega Healthcare: This Outperformer Is Undervalued With An 8.7% Yield
Omega Healthcare has a strong track record with market beating returns. The current share price offers an attractive entry point with a strong going-in yield. M
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.
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.
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.
Water and wastewater price changes from 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Allowing people to meet in bubbles ‘could spread coronavirus in population’
It was thought the roadmap to easing the lockdown contained the possibility one household could form a social ‘bubble’.
Virus highlights gov't secrecy
Canadians have been denied information about COVID-19 and details about government responses to the pandemic, say a group of Canadian accountability experts.
ProBeat: Throw out all your pre-coronavirus surveys and start again
The coronavirus pandemic means your technology survey from earlier this year is useless. Your business needs to run the survey again.
Finance secretary urges BRICS nations to share covid-19 related tax measures
Since March, the government slew of measures to help the industry tide through the covid-19 crisis, including deferring several compliance requirements.The meeting of the heads of tax authorities from five large emerging economies of the world on Friday was hosted by the Federal Tax Service of Russia
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
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
New site is one-stop shop for B.C. workers, farmers, during pandemic
VICTORIA - The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pan
Madras High Court notice to Franklin Templeton, SEBI
PIL filed against closure of 6 schemes
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
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
Telecom regulator moots national numbering plan
Recommends 11-digit mobile numbers, among other things
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
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
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.
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
Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound
Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
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.
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.
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?
Google Maps makes it easier to use and send Plus Codes
For those of us that have got our home or office addresses committee to memory, the idea of a place not having an easy address to know or any address at all is somewhat unthinkable. But Google says…
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.
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.
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
South Korea schools forced to close again after second wave of coronavirus
Hundreds of schools in South Korea were forced to close just days after reopening due to an unexpected spike in coronavirus cases, according to a report Friday. The country reported 79 new COVID-19
New lockdown rules for having a barbecue legally
Barbecues are allowed under new government guidance
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
Covid can cause $8.5 trillion loss in global output: UN chief Antonio Guterres
UN chief Antonio Guterres has warned that the Covid-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of $8.5 trillion in
Searching post-Covid real estate landscape in India
Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything
South African tobacco firms, associations seek court action over cigarette sales ban
JOHANNESBURG (Reuters) - A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.
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.
Managed money betting on big crops
A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.
Indore: Mittal Appliances manager found dead in flat's bathroom
Preliminary investigation revealed that Albert hailed from Chennai and was staying here for a few years.
The release of private motorists breathes life into the fuel industry
Fuel station proprietors countrywide have got smiles on their faces following the resumption of private cars on the road.
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...
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.
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.
Clean Cooking: 33 Solutions For One Renewable Energy Problem
The latest energy report from the International Energy Agency describes how much more pants-on-fire activity is needed to pump up the clean power trend on the heels of the COVID-19 crisis. For starters, at this rate an estimated 620 million people still won't have electricity by 2030. That's nothing to sneeze at, but it's small
Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?
The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
What a gentleman! Seven-year-old boy throws backyard prom for his 17-year-old babysitter after her dance was canceled - complete with a promposal and a socially-distanced dinner
Rachel Chapman, 17, saw her prom at Sanderson High School in Raleigh, North Carolina canceled because of the pandemic. The seven-year-old boy she babysits, Curtis Rogers, threw one for her.
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
Fire in Ahmedabad building; man jumps off 4th floor, dies
As many as 30 persons had to be rescued from Sakar-7 building, where a fire broke out in a wire duct on the ground floor, while many others managed to come out safely by themselves despite the presence of thick smoke, a fire brigade official said.
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.
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
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
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%
Students decry tuition hikes as COVID-19 pandemic increases financial strain
Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Large cruise ships barred from Canadian waters until end of October: Garneau
The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
Debate over extending $600 in jobless aid in United States
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million
Singapore Supreme Court dismisses Singh Brothers' appeal against HC order
The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against a High Court order that declined to set aside an
Functioning of Delhi High Court, district courts restricted till June 14
The Delhi High Court Friday decided to restrict till June 14 its functioning as also of the district courts to urgent matters only in view of the ongoing COVID-19 pandemic. The Administrative and
Snags in Kerala's liquor app triggers corruption allegation
With technical snags in the mobile app for liquor sale in Kerala remaining unresolved for the second day, opposition Congress alleged of irregularities and demanded a vigilance probe.
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
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
Saudi Arabia to assess coronavirus spreading rate
Ministry launches 3rd phase of expanded checkup to assess coronavirus spreading rate
How to watch Billions season 5 online: stream new episodes anywhere for free
Damien Lewis and Paul Giamatti square-off again - here's how to watch Billions season 5 online and stream every new episode from anywhere.
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.
Tullow Oil says 58 workers test positive for COVID-19 offshore Ghana
ACCRA — Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday.
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.
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.
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.
Delta Stock Could Lead an Airline Rally
DAL stock could be one of the stars of an airline resurgence, but it's still a long-term play because the industry needs time to rebound.
J&K: Driver’s presence of mind saves the day as truck carrying LPG cylinders catches fire
While there weren't many vehicles plying on the road in view of the lockdown, police personnel posted at a nearby checkpoint immediately stopped them from proceeding ahead as LPG cylinders started exploding one by one.
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
New jobs dry up amid shutdown
New job postings nosedived 87 percent year-on-year in April on the leading job search sites in Bangladesh, highlighting the strain the country’s labour market has been going through because of the
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"
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now (GOOG, GOOGL)
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
Governor, CM extend Statehood Day greetings
NT NETWORK Panaji Governor Satyapal Malik and Chief Minister Pramod Sawant have extended greetings to the people of Goa on the occasion of Goa Statehood D
Covid-19 | West Rand active cases jumped to 244 in 8 days - Makhura
A presentation by Gauteng Premier David Makhura has revealed the West Rand has seen a jump in active cases over the past eight days.
Textile garment workers worst hit by COVID-19 – NUTGTWN
The President, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), Comrade John Adaji has said that workers
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
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
Ohio House approves bill legalizing sports gambling
House lawmakers on Thursday passed a bill to legalize sports wagering in Ohio, a move that could generate millions in tax revenue for the state.
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.
Big Tech goes on pandemic M&A spree despite political backlash
Rate of dealmaking by Alphabet, Amazon, Apple, et al is highest since 2015
Students decry tuition hikes as COVID-19 pandemic increases financial strain
TORONTO — Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Christchurch City Council Wins IDC Smart City Asia/Pacific Award For EQRNet
IDC Asia/Pacific announced today the 19 winners for this year’s IDC Smart City Asia/Pacific Awards (SCAPA). Christchurch City Council were named as the winner in the Public Safety- Disaster Response/Emergency Management category for EQRNet - Earthquake Response Management.
COLUMN: For real leadership amid crisis, look west of Scott Road
Delta council, under direction of Mayor George Harvie, defines leadership during pandemic
B.C. tourism seeks relief as businesses wait for COVID-19 restrictions to ease
Mid-June earliest for more in-province travel to be authorized
Graphic tablet BOSTO 16HD and more on Aliexpress sale - Gizchina.com
The famous chinese marketplace Aliexpress is a home to literally millions of various products and today we have two more interesting gadgets for you.
COVID-19: FairPrice Group, WhyQ launch zero-commission islandwide food delivery platform
SINGAPORE: FairPrice Group and food delivery start-up WhyQ have launched a new digital platform offering islandwide food delivery at zero ...
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 -
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
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
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
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
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
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
Shifting Gears: Meet Amazon's most important man who's not Jeff Bezos
In this week's newsletter: Inside Amazon's logistics machine, how to find a steal of a used car, and looming airline layoffs.
AI Weekly: Autonomous vehicle companies pivot to charitable deliveries during the pandemic
During the pandemic, autonomous vehicles companies like Beep, Gatik, and Optimus Ride are helping to deliver goods to those in need.
Why millions of Americans are getting coronavirus stimulus payments on scammy-looking debit cards
The federal government is sending out financial aid that looks like junk mail.
Delhi HC seeks RBI’s reply on expired cheque due to covid-19
The case of the petitioner was that he is aggrieved by the act of bank in refusing to honour a cheque dated 16 January 2020 for an amount of Rs.10 lakhs on the ground of instrument being staled
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
TTD to release white paper on all its immovable assets
Details to be uploaded on official website in order to usher in more transparency
Street vendors want to resume business
With their livelihood affected in the past two months due to the COVID-19 lockdown, street vendors in the Erode Corporation limits has urged the officials to permit them to resume their businesses. In
We have taken healthcare to people’s doorstep: Jagan
‘Aarogyasri coverage will be incrementally increased by November’
Coronavirus | Koyambedu cluster happened despite precautions, Madras High Court told
‘CMDA distributed masks and disinfected premises daily’
Private buses in Mangaluru to introduce Chalo Card
It gives passengers an option to pay travel fares through smart card
Sugar unit in Vizianagaram agrees to clear ryots’ dues within two months
Parvathipuram MLA, Collector take the initiative
At BIIRD, robots to turn physiotherapists
TTD-run orthopaedic hospital gets approval to purchase hi-tech equipment
Delhi records 1,000-plus cases second day in a row
Biggest single-day jump with 1,106 new COVID-19 infections
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.
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
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
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.
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
14 ex-presidents back Adesina, warn against distracting AfDB
The former leaders said the bank and its president, Akinwumi Adesina, should not be distracted at a time when the continent is battling a pandemic.
UP govt to launch programmes to attract women voters
The UP governments latest initiative is the move to appoint ‘Banking Correspondent Sakhi, or female banking agents, in all 5,8000 gram panchayats in the state. The sakhis will do door-to-door visits and are expected to become the main link between female customers, particularly those who are associated with self-help groups (SGHs), and the bank.
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.
View: NEP will envision a system rooted in Indian ethos
In one of my favourite English poems, Robert Frost said, “The woods are lovely, dark and deep, But I have promises to keep.” These lines have always inspired me. Since the citizens of India reposed massive faith in the leadership of Shri Narendra Modi, work in the ministry started on Day 1.
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.
Applicants find chaotic hiring process at NYC coronavirus tracing program
The Big Apple’s giant new program to trace and contain coronavirus infections has been marred by a chaotic hiring process, leaving applicants who thought they were hired twisting in the wind and
Where is the government’s long-promised arts and culture endowment?
The government has allocated Rp 1 trillion (US$68.4 million) from the 2020 state budget for an arts and culture endowment, significantly lower than what President Joko "Jokowi" Widodo promised a few years ago.
Covid19 cases in Karnataka hit double century mark as 248 test positive on Friday
While neighboring Maharashtra contributed over 90% of the positive cases, Bengaluru city is slowly showing dangerous trends
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.
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...
How the pandemic will shape the fashion world
A total of 61 per cent Indians reported less time shopping online in the wake of the current crisis, while 43 per cent of Indians have delayed purchasing clothes in the outbreak, says a report
Not worried about coronavirus but govt apathy: AIIMS heathcare staff
All India Institute of Medical Sciences (AIIMS) in New Delhi is witnessing more and more HCWs (health care workers) falling prey to the virus.At India's premier medical institute around 195 HCWs...
Tesla: Elon Musk qualifies for $770 million compensation
May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.
France's coronavirus new deaths and cases slow down
PARIS (Reuters) - France’s coronavirus deaths rose by less than 100 for the ninth day running on Friday and new confirmed cases slowed again as the country gears up for easing lockdown.
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.
U.S. Treasury unveils rules for carbon capture tax credits
WASHINGTON (Reuters) - The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.
Truck catches fire, multiple LPG cylinder blasts trigger panic in areas along highway
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
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...
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...
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.
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.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.
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.
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
The Week contest: Inflatable eats
This week's question: The Open Hearth restaurant in South Carolina has opened its doors, but with inflatable dolls seated at 50 percent of the tables, to create a convivial atmosphere while still ensuring patrons sit at least 6 feet apart. What would be an appropriate name for a new, socially distanced restaurant chain that fills half its tables with inflatable patrons?
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.
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.
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
India's economic growth dips drastically during coronavirus pandemic
Indian economy grew by 4.2% in fiscal year ending March, down from 6.1% previous year
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
3 Sports Apparel Stocks to Trade for Players and Spectators Alike
Stoppage time for athletics of all kinds hasn’t stopped bulls and bears from playing three sports apparel stocks to big wins.
Party City News: Why PRTY Stock Is Surging 29% Today
Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.
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.
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.
How to beat COVID-19, by Buhari - The Nation Nigeria
President Muhammadu Buhari has said the support of developed countries and international financial organisations to poorer countries ...
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.
‘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.
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
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.
Lumber sees surprise win as shut-in Americans fix up their homes
Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand.
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.
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
New Set Of Reforms Will Help Transform Agriculture From A Bottomless Pit Of Subsidies To An Enterprising Industry
Tech-enablement of the agricultural value chain and information dissemination among stakeholders is important.
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.
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
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.
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 ...
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 ...
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 ...
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 ...
Williams says any team sale would be to secure F1 future
Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off ...
Westlake Chemical Corporation: Too Early To Go Long Here
First-quarter numbers were encouraging considering lower sales prices witnessed in the quarter. We like the fundamentals of caustic soda despite headwinds in Q1
Modine Manufacturing's (MOD) CEO Tom Burke on Q4 2020 Results - Earnings Call Transcript
Modine Manufacturing Company (NYSE:MOD) Q4 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants Kathy Powers – Vice President, Treasurer,
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
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
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
A Frito-Lay exec explains why your favorite Doritos and Lay's flavors might be missing from stores since the pandemic hit
Frito-Lay, which is responsible for brands like Tostitos, Doritos, and Cheetos, had to reduce assortment of its flavors at the start of the pandemic.
At recent Auckland apartment auctions there were plenty of potential buyers and they weren't afraid to bid but everything that sold went for less than its rating valuation
At recent Auckland apartment auctions there were plenty of potential buyers and they weren't afraid to bid but everything that sold went for less than its rating valuation
France's coronavirus new deaths and cases slow down
France is to allow restaurants, bars and cafes to reopen from June 2 - though with more restrictions in Paris than elsewhere.The French health ministry said the number of fatalities rose by 52, or 0.2%, to 28,714, the fourth highest in the world
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
Safety board wants more oversight, training in wake of 2019 tug sinking in B.C.
VANCOUVER - The Transportation Safety Board says the sinking of a tug and its barge on B.C.'s Sunshine Coast highlights the need for increased oversight and
Govt. notifies fee structure for PG medical and dental courses
Quota rule will be followed in admissions: regulatory panel chief
AIIMS reports 62 fresh COVID-19 cases in 3 days
‘205 staffers have tested positive for virus since March 15’
‘Circle of Love’ gathers steam in roti-for-migrants initiative
Informal group of volunteers who roused Mumbaikars into donating thepla rolls finds corporate support
Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple
XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also incr
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
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
Italy wants independent probe into origin of pandemic, backs India’s call for reform of WHO: Italian minister
With Italy and India set to take on the presidency of the G20 in 2021 and 2022, Amendola said the two countries would also play a key role in helping shape the post-Covid-19 world order, including global supply and value chains and ways to recover from the economic crisis created by the pandemic.
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
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.
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.
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.
MotoGP races in Britain, Australia canceled amid pandemic
The MotoGP races in Britain and Australia are the latest to be canceled on the international motorcycle racing circuit because of the coronavirus pandemic. Organizers on Friday said COVID-19 pandemic “and resulting calendar changes have obliged the cancellation of both events.” The British Grand Prix had been scheduled for Aug.…
CoinMarketCap Revamps Pairs Ranking to Chase Inflated Volumes
CoinMarketCap.com has unveiled a new ranking system for all trading pairs listed on the industry’s go-to aggregator of cryptocurrency data
Govt likely to allocate Rs1,000b for Covid-19
Prepares draft for federal budget 2010-21 with a total outlay of Rs7,570 billion
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.
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
Agriculture, mining saved Indian economy in FY20; manufacturing bites
The farm sector is expected to perform well in FY21 as well.
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.
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
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.
Congress demands white paper on COVID-19 expenditure
Opposition Congress in Karnataka on Friday urged the government to bring out a "white paper" on the expenditure towards COVID-19 measures including the purchase of PPE kits, sanitizers and masks.
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.
Maharashtra: Free foodgrain arrives for migrants, but after most have left the state
While Union Finance Minister Nirmala Sitharaman had announced the free foodgrain scheme for migrants on May 14 as part of the second tranche of the Centre’s ‘Atmanirbhar Bharat’ package, state officials admitted to delays in finalisation of the modalities for its implementation
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.
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.
Are Stocks Out of Control? What We Learned in May
A round-up of market analysis by Bloomberg Opinion.
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.
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.
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.
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.
India records more than 7,000 COVID-19 cases in country's highest single-day spike
India is now the ninth worst-affected country by coronavirus pandemic.
135-year-long streak is over: US renewable sources topped coal in 2019
Including wood and biofuels across all sectors, coal fell short last year.
TRAI Moots "0" Prefix For Fixed-To-Mobile Calls To Create Numbering Space
Regulator TRAI on Friday said migration to a unified numbering scheme for fixed line and mobile services is not required for now and that sufficient numbering space can be created by various methods, including prefixing "0" for all fixed-to-mobile calls.
Zimbabwe records second highest daily coronavirus increase
Zimbabwe reported 17 new coronavirus cases on Thursday, the second highest daily tally which took the country total to 149.On Wednesday, cases more than doubled...
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 ...
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Tata Motors Trading Near All-Time Low Ahead Of Earnings
Tata is set to report Q4 earnings results in the next few days and the company is expected to lose money once again. The company has been losing money for the l
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
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.
Celebrities unite to slam British Airways over plans to axe 12,000 jobs and 'slash' pay
Stephen Fry, Lee Westwood and others have united to condemn British Airways, claiming the airline is using the coronavirus crisis to 'wreck workers' terms and conditions'
Williams considers selling F1 team after £13m loss
Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
'World's biggest Airbnb': Approved 13-bedroom house not to be used for short-term letting
The $1 million house and pool must not be used for tourist accommodation.
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
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
First post-lockdown flight departs Europe for China
A first charter flight carrying Europeans to China following weeks of lockdown departed Germany's biggest hub Frankfurt late Friday
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.
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
Major gaps in government plan for reopening childcare facilities
Major gaps are emerging in the Government’s efforts to reopen childcare facilities including a lack of any plan to fund services and ensure staff are paid if there is reduced capacity.
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.
International naval operation nets 50 tonnes of cocaine in 45 days
BOGOTA (Reuters) - A multilateral naval anti-drug operation confiscated 50 tonnes of cocaine in 45 days, Colombia President Ivan Duque said on Friday.
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…
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…
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...
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...
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
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.
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
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.
Students upset as some Canadian universities hike tuition fees
Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Pandemic, monsoon ban, Vasai fishermen stare at a bleak year
Post the nationwide lockdown on March 24, all fishing activities had been shut down. In April, however, fishing was allowed by the central government.
Bombay HC seeks Centre, state response to plea on sanitary napkins
A division bench of Chief Justice Dipankar Datta and Justice K K Tated was hearing through videoconference pleas filed by law students Nikita Gore and Vaishnavi Gholave through advocate Vinod Sangvikar,
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.
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.
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.
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.
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.
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
AfDB Allegations: Former presidents of African countries rally support for Adesina
Mr Adesina is currently battling 16 allegations levelled against him by a group. He has maintained he is innocent.........
Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
Renfrewshire charity bosses warn of pandemic fallout as one in five children live below the breadline
Bosses at both Renfrewshire Foodbank and the Star Project have expressed concerns that more children will be affected due to the additional financial strain placed on thousands of families.
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 ...
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 ...
Charter Communications' EBITDA Margin Should Continue To Expand In 2020
Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha
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
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
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
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
Universal Orlando plans to reopen resort hotels on June 2
ORLANDO, Fla. - Universal Orlando plans to reopen its hotels to guests on June 2, more than two months after they were closed to help prevent the spread of
Students decry tuition hikes as COVID-19 pandemic increases financial strain
TORONTO - Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be
Pedestrian plaza at Pondy Bazaar opens up sans the bustle
Shopkeepers ready with precautions but customers few and far between
‘Cut cigarette taxes to pre-GST levels’
This will help to bring market share of smuggled foreign brands: FAIFA
Rajasthan rolls out job plan for migrant workers
Family food survey launched to ensure food security
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.
Killer coal and other secret weapons used by WW2 special agents sell for £17k
Deadly items used by special agents have been auctioned, including a lump of coal that carried an explosive charge inside and a pocket watch camera, similar to James Bond
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.
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 »
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
Virtual Congress: House Financial Service Committee Fintech Task Force Schedules Meeting on Inclusive Banking
The House Financial Services Committee has posted its list of hearings for the month of June. The Committee like other Congressional committees has mi
What’s Going on with Peer to Peer Lender Grupeer?
A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions.
The Globe’s stars and dogs for the week
A humorous look at the companies that caught our eye, for better or worse, this week
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.
Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.
India will set an example in economic revival, says PM Modi
PM acknowledged that some have undergone “tremendous” suffering, referring to workers.
Anantapur: Minister M Sankara Narayana says government resolved to strengthen MSMEs
BC Welfare Minister M Sankara Narayana stated that the state government is planning to further strengthen the Micro, Small and Medium Enterprises(MSME) by releasing all the backlog due payments to...
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.
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
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…
Tokyo Skytree to reopen June 1 after 3-month closure
The operator of Tokyo Skytree, a popular tourist destination in the Japanese capital, said Friday it will reopen the landmark tower on Monday after a three-month closure due to the spread of coronavirus infections. Tobu Tower Skytree Co said the 634-meter tower will reopen for shortened business hours from 9…
Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight
Emails detail what took place as Musk took public his fight with Bay Area officials and threatened first to reopen the factory without permission and then to...
Electric motorbike gives women in rural Zimbabwe a path out of poverty
The Hamba is solar-powered and easing the strain of domestic work.
Has online grocery shopping peaked?
Americans, it turns out, would rather visit a store than buy food online.
Airline success is not just about profitability
It's about delivering on shareholder objectives.
Food aid needed for Africa’s hungry strained by Covid-19 crisis
'Even if we help as many as we can, there’s always more to be done.'
World’s biggest lockdown to push 12m into extreme poverty in India
India’s 50-day shutdown brings misery as virus numbers surge.
Indian manufacturers hail end to export curbs on paracetamol APIs
India has the capacity to export 4,000 metric tonnes of paracetamol APIs every month
Jamaica records 20% decline in road fatalities due to COVID-19 - NRSC
The National Road Safety Council is reporting that Jamaica recorded a 20% reduction in road fatalities islandwide compared to the corresponding period in 2019 due, in part, to the impact of the COVID-19 pandemic. The council...
Niti Aayog explains how India can access carbon credits worth $50-60 billion
In India, there has been a long history of farming that is based on traditional and environment-friendly practices. The state of Sikkim became the first-ever organic state in the world and was awarded the UN Future Policy Gold Award, 2018.
RBI imposes Rs 4 crore penalty on Citibank; here’s why
The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.
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
Paytm moves HC claiming telecom companies not preventing phishing activity over their networks
One97 Communications Ltd, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its
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.
United Airlines cutting 13 top jobs, adding int'l flights in July
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
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...
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...
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.
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
No nation has veto power over AfDB, African leaders back Adesina
Former African leaders have thrown their weight behind the embattled President of the African Development Bank, AfDB, Dr. Akinwumi Adesina.
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.
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
Sweden excluded as neighbours Denmark and Norway ease travel restrictions
Norway and Denmark will resume free travel between the two countries, three Norwegian media outlets reported on Friday, creating a travel bubble ...
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 ...
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 ...
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
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
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
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.
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.
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals
The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
Opinion: The fall of Canada’s razzle-dazzle paper. Can it find glory again?
If the Toronto Star is ever to retrieve its old glamour, it will have to purse a death-or-victory strategy
Developers vow to keep building skyscrapers, even as tech firms ditch their offices
Construction projects in Toronto and Vancouver continue as companies embrace working from home
Can this couple support their autistic child throughout her life while hitting retirement goals?
They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
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.
Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding
The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).
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.
People are mistaking stimulus payments for junk or scam mail
"Got my 'stimulus check' in the mail today as a shady looking pre-paid debit card," said one tweeter.
United Airlines cutting 13 top jobs, adding international flights in July
(Reuters) - United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
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.
Tata vs Mistry: SC to hear Cyrus Mistry’s plea for Tata Sons board seat
Mistry wants the SP group firms - Cyrus Investment Pvt Ltd and Sterling Investment Corporation - should be given proportionate representation on the Tata Sons board and all its committees, which allegedly was denied to his family group.
Amphan cyclone: Insurers estimate losses up to Rs 1,000 crore
With the general insurers receiving mostly property and motor claims after cyclone Amphan caused widespread distructions in West Bengal and Odisha, the insured losses from the calamity could be in the range from Rs 800 crore to Rs 1,000 crore.
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.
Daiichi Sankyo case: Singapore’s SC dismisses Singh brothers’ plea
In a big setback to former Ranbaxy promoters Malvinder Singh and Shivinder Singh, the Supreme Court of Singapore has dismissed their appeal seeking quashing of the Singapore High Court’s order that upheld the Rs 2,500-crore arbitration award in favour of Japanese pharma major Daiichi Sankyo.
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.
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
Covid effect? Debt Mutual Funds to face multiple headwinds
Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.
New comprehensive I-T form to come in handy for taxman
Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.
Niti Aayog suggests slew of steps to make India’s exports competitive
The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.
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.
Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here
Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.
Bitcoin’s Funding is Flashing a Warning Sign After Rejection at Key Resistance
Bitcoin's rejection at $9,700 has coincided with funding flipping positive. This suggests that sellers are gaining the upper hand over buyers
Bangladesh becomes 60th nation to receive IMF pandemic aid
The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund
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
Aarogya Setu is completely secure: Union Law Minister Ravi Shankar Prasad
Amid privacy concerns, Union Law Minister Ravi Shankar Prasad on Friday maintained that Aarogya Setu was completely secure and there was no security or data breach in coronavirus tracking mobile
Wall St ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.
Dead Cat Bounce or Real Rally?
Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.
Are creatives on another cockroach-horse ride? - The Nation Nigeria News
I received with reservations, the current touted plan by the federal government to provide palliatives for the creative industry. The move appeals to me
Haryana police asks banks, jewellers to ensure visitors take off masks at entry
Haryana’s DGP Manoj Yadava issued the advisory to all district police chiefs (commissioners of police and superintendents of police), asking them to circulate the instructions to all jewellers, banks, gold finance companies and so on
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.
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.
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
Reality for Malaysia’s university students: Online learning challenges, stress, workload; possible solutions for fully digital future until Dec
KUALA LUMPUR, May 30 — Universities in Malaysia may already have practised online learning for students before the Covid-19 pandemic struck as a supplement to lectures, but the government’s plans to completely do away with physical classes and go fully digital for lessons until the end of this...
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.
Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia
After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.
Congress Slams Centre Over Low GDP Growth In Last Quarter Of 2019-20
The Congress on Friday said the low GDP growth in the last quarter of 2019-20 is the result of the BJP government's failures, misplaced priorities and a telling commentary on its economic management.
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.
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 ...
Apollo Global Management: For When Blood Runs The Street
Apollo used the corona-downturn to its advantage. Increase in permanent capital makes the business more stable. Funds are being raised, and deals are being made
Pier 1 Imports gets approval from a judge to liquidate its remaining stores
"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.
Covid takes toll on core sector, output slumps 38% in April
India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d
GDP numbers a telling commentary of BJP’s economic management, says Congress
Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode.
Renters more likely to struggle in coronavirus crisis than homeowners, says study
The analysis was carried out by the Resolution Foundation and underlines the difficulties faced by those who do not own their property
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.
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
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
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.
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.
India paves way for Apple, others to increase domestic production by removing a clause
Govt has dropped irritants from its PLI scheme, paving way for phone-makers to ramp up production in India.
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.
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
Many Choosing Not To Take Vacations This Summer
A new survey published by PRNewswire indicates a large percentage of us plan on keeping our noses to the grindstone all summer long.
Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat
An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.
Corona Impact: IIT Indore classrooms to house 50%, hostels 40% of total capacity
It has planned some tough measures to check entry of the deadly virus entry into the campus when academic activities will start.
IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy
WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...