Economy 1428
Alderwood mall is ready for the governor’s green light
The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.
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.
Lockdown 5.0: Public, private employees to resume work from June 8 in Bengal, says Mamata Banerjee
Announcing new guidelines for the fifth phase of the coronavirus lockdown, Banerjee said that religious places will reopen but schools will remain closed
Gunna Gearing Up for First No. 1 Album on Billboard 200 Chart
Gunna is gearing up for his first No. 1 album on the Billboard 200 chart, according to industry forecasters.
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.
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.
'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.
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.
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.
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 .
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.
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.
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.
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.
Preliminary agreement reached in Lufthansa bailout row: source
Preliminary agreement reached in Lufthansa bailout row: source
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
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.
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.
Employers say the interpretation of state of emergency regulations a threat to businesses
-Senior Council Raymond Heathcote arguing on behalf of the group of employers says there's no doubt that President Hage Geingob declared the COVID-19 State of Emergency with good intentions but was ill-advised ending up making irrational decisions.
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.
Government is drafting new rules for workers under level 3 lockdown
Minister of Employment and labour Thulas Nxesi says that government is working on a new labour directive for South Africa’s level 3 lockdown.
NCDC says Nigerians now selling COVID-19 test kits in black markets
Reports have indicated that Nigerians have started selling COVID-19 diagnostic test kits in black markets. The disclosure was made by Ihekweazu, the DG of NCDC.
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 ...
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.
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.
‘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
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
Trump strikes China over virus, Hong Kong and student visas
WASHINGTON (AP) — President Donald Trump has announced that he would withdraw funding from the World Health Organization, end Hong Kong’s special trade status and suspend visas of Chinese graduate...
Breezy tradewinds and windward showers to grace weekend | Honolulu Star-Advertiser
Breezy tradewinds with mainly windward showers are expected for Hawaii this weekend, according to forecasters.
Coronavirus lockdown: Final-yr college exams will surely be held, says govt
If the situation caused due to the coronavirus does not improve by July, then the first-year students can be promoted based on internal assessment
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
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
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.
Huge piles of hazardous industrial waste containing asbestos dumped near busy roundabout
Council bosses and police are investigating
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
Drakeo The Ruler Returns With New Singles “GTA VI” & “Backflip Or Sumn” Recorded From Prison
His next full-length project 'Thank You For Using GTL' drops June 5.
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
Behind Scorsese's 'Killers' Apple Deal: $200M+ Budget, "Low-Risk" for Paramount
The studio balked at a script change that flipped Leonardo DiCaprio’s role: "Smaller scale, same budget."
Expo body formally approves one-year delay to Expo 2020 Dubai
Expo Dubai will now start in October 2021
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.
Why PSL Situation Is Different To Europe, Chiefs Doc Speaks
One of Kaizer Chiefs’ team doctors explained how Europe is different to South Africa in terms of planning for the resumption of football.
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.
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
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 ...
CAF approves financial support member associations
The financial support towards member associations comes at time when a few weeks ago topflight teams and its secretariat requested for support.
South Korea seeks to import anti-viral remdesivir as new virus cases emerge
Coronavirus total cases is 11,402 with 269 deaths
All-Star pitcher David Price giving Dodgers minor leaguers $1K amid pandemic
May 29 (UPI) -- Los Angeles Dodgers pitcher David Price is donating funds to each minor league player in the organization to help the individuals stay afloat amid the coronavirus pandemic.
Trump violating law by not updating budget, outside experts say
The WHite House decision not to update its budget estimates is against the law, an outside group that advocates for fiscal discipline said Thursday.
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.
'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices
Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.
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.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue ...
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
Trump WHO funding cut prompts criticism as virus spreads
WASHINGTON (AP) — President Donald Trump's announcement he was cutting U.S. funding for the World Health Organization prompted criticism Saturday, as spiking infection rates in India and elsewhere served as...
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
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...
Inside Katie Price's 42nd birthday as all five kids join her for party games and cake
Katie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
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.
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 ...
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
Nippon Paint says its new VirusGuard+ paint can destroy human coronaviruses - here's what it actually does, Business Insider - Business Insider Singapore
Business Insider - Using copper ion technology, the paint can destroy viruses and bacteria on walls via "contact killing", Nippon Paint said.. Read more at businessinsider.sg
'Ignore the president's unlawful order': Democrats and military veterans are up in arms after Trump suggests National Guard troops may shoot looters
"He's literally suggesting shooting those protesting the senseless death of a black man," Sen. Tammy Duckworth, a former US Army pilot, said.
Xi stresses significance of Civil Code, better protecting people's legitimate rights, interests
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has emphasized the full recognition of the significance of the promulgation and implementation of the country's newly adopted Civil Code and better protection of the people's legitimate rights and interests in accordance with law.
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.
Watch Elon Musk and Jay Leno drive the Cybertruck through a tunnel beneath SpaceX's headquarters
Elon Musk stood on the back of the Cybertruck's retractable bed cover to show how sturdy it is.
Meghan Markle Is Helping an Animal Welfare Charity Financially Struggling amid the Pandemic
The duchess has been in conversation with her patronage Mayhew, an organization dedicated to keeping homeless individuals and their beloved emotional support dogs together.
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).
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...
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
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
South Korea seeks to import anti-viral remdesivir as new coronavirus cases emerge
South Korean health authorities said on Friday they would request imports of Gilead Sciences Inc's anti-viral drug remdesivir to treat COVID-19, ...
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.
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
Covid-19 rise in video calling inspires TSB Virtual Bank
TSB Virtual Bank has launched today giving New Zealanders based anywhere in the country an online branch where they can discuss their home lending needs via video call, join the Bank and open accounts.
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
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
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.'
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.
BMW 6 Series GT dropped from UK and Australian markets
BMW 6 Series GT dropped from UK and Australian markets due to demand. The car was not extremely popular in these markets
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.
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
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.
Indian Motorcycle files trademark for two new names
Indian Motorcycle has filed trademarks for two new potential models: Indian Pursuit and Indian Guardian. Click here for more details.
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.
Jawa returns, this time as a breath of life
In mid-March, it was felt that India would probably require lakhs of ventilators when Covid-19 cases would rise in May. Pre-empting this and the need for ventilators, a team
Dana White: Jon Jones asked for an ‘absurd amount of money’ to fight Francis Ngannou
Dana says Jon Jones priced himself out of a heavyweight showdown, at the "worst possible time".
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.
Facebook launches 'Collab' music-making app to take on TikTok: Details here
Named Collab, the app is currently available for iOS devices and requires invite to download
Lifetime community rating cited for rise in low cover health plan purchases
Research suggests many first time buyers bought cheap plans with limited benefits
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.
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.
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.
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...
Government removes restrictions on the export of paracetamol APIs
Government has removed restrictions on the export of paracetamol active pharmaceutical ingredient (API) almost three months after the curbs were put in place due to shortage of supply from China...
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.
John Lewis is giving customers a £100 gift card with selected electrical purchases
The offer is available to new and existing John Lewis members until June 9
Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019
Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture.
Defend your hard-earned savings with Revix’s tokenised gold promotion
Invest in tokenised physical gold without any risk.
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
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.
The average cost of car insurance in the US
The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.
Epstein estate, victims reach agreement on compensation fund
A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process. The accord came 9-1/2 months after Epstein killed
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
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.
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
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.
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.
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.
Trump claimed he didn't know about the racist origins of his 'when the looting starts, the shooting starts' remarks in light of the escalating violence amid the George Floyd protests
In a tweet, Trump appeared to quote former Miami police chief Walter Headley, whose harsh policing in black neighborhoods incited riots in 1968.
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
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.
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.
Challenges ahead as B.C.’s film industry prepares to restart
British Columbia is North America’s third-largest production sector, contributing $3.2-billion in production spending to the province’s economy in 2018-19
SoftBank Leads $500 Million Funding for Didi Autonomous Unit
Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.
Roam close to home: Europe’s tourists play safe in pandemic
Countries hope travel bans will be lifted in time to give their economies a boost
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...
Power distributors sue FG over business interference
Okechukwu Nnodim, Abuja Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power fi...
Aimia vows to fight Air Canada's court move to halt upcoming merger
Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
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
Global economy will not survive US-China tension
Both countries must work out their differences to avoid another world economic meltdown
Shaw seeks exemption from having to provide new one gigabit internet service to wholesalers
Shaw argues that its phone-company competitors are not subject to the same requirements as cable companies, which creates 'regulatory asymmetry’
Flashback: Black Business Owner Furious After Business Destroyed During L.A. Riots
Riots broke out in 1992 after cops acquitted in Rodney King trial
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.
PM Modi not in 'good mood' over China: Donald Trump
Interacting with journalists in the Oval Office of the White House on Thursday, Trump said a
Printing machinery maker launches UV system to disinfect everything from keys to shoes, fish, vegetables and even malls
In the wake of COVID-19, the global UV disinfection equipment market is projected to grow from $2.9 billion in 2020 to $5.3 billion by 2025
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.
Development: More Arrested for Illegal Import of Waste from Italy
Deputy Environment Minister Krassimir Zhivkov and the businessmen Bobokovi brothers on May 28 were detained for 24 hours. The specialised prosecutor's office is investigating alleged involvement in an organized crime group that has mismanaged waste, including hazardous materials.
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
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
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.
Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%
Agriculture, govt spending saviours; industrial, services growth shrink
Coronavirus vaccine: Pfizer CEO claims COVID-19 medicine could be ready by October-end
American pharmaceutical giant Pfizer is conducting clinical trials with German firm BioNTech on several probable vaccines in Europe and the United States
Chinese Tian’he carrying Pakistani flag returns from its space journey
The Embassy of Pakistan in China had handed over the national flag of Pakistan for the space voyage to CMSA in Beijing on 11 February 2020, read the official statement
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.
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
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.
Donald Trump's order taking aim at Twitter is 'bluster': legal experts
An executive order signed by Trump on Thursday directs federal agencies to clarify the scope of a law known as Section 230, which protects internet companies from liability for illegal content posted by users.
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.
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
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.
Nissan settles dispute with Tamil Nadu government over unpaid dues of Rs 5000 crore: Report
The Japanese auto major was to receive between Rs 1400 crore (USD 185 million) and Rs 1800 crore (USD 238 million) as per the settlement, said the report.
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.
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.
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.
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.
Stunning cottage at Bretby Hall is on the market
It is in the grounds of the former home of fifth Earl of Carnarvon of Tutankhamun
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.
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.
Epstein Victims to Get Money Under Deal With Virgin Islands
Women who accused Jeffrey Epstein of sexually assaulting them as girls can now be compensated after his estate, valued in one filing at more than $600 million, struck a deal with the U.S. Virgin Islands.
Huge fire at industrial estate as 200 TONNES of paper goes up in flames
The blaze broke out in Wigan earlier this evening
Paul Merson says transfer market mess will 'help' Arsenal boss Mikel Arteta
I think this situation helps someone like Mikel Arteta.
‘Strive for more’ – Man United target told to be more ambitious by current team-mate
'Strive for more' - Man United target told to be more ambitious by current team-mate
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...
Trump has officially declared war on Twitter and Facebook. Here's the latest on the executive order targeting social media and the reaction at internet companies.
Trump's executive order represents a direct challenge to social media companies like Twitter and Facebook, but legal experts say it faces steep hurdles.
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
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.
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.
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.
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
UK property firm Rightmove sees record website views as market picks up
UK property firm Rightmove sees record website views as market picks up
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 ...
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.
Twitter says CEO Dorsey informed in advance of decision to tag Trump tweet
Twitter CEO Jack Dorsey was informed in advance by the company's staff of a decision to tag a tweet by President Donald Trump as "glorifying ...
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.
Forbes Strips Kylie Jenner of Billionaire Status for Inflating Size of Her Business
Forbes named Kylie Jenner a billionaire last year making her the younger entrepreneur with that distinction, however, the financial publication has...
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.
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.
Planned Parenthood Takes Spring Into Action Benefit Auction Online
Planned Parenthood hosts Spring Into Action art auction benefit online with Artsy.
Bank of Russia to Develop Digitial Mortgage on Blockchain Platform
Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project.
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.
Donald Trump axes all funding to WHO after claiming 'China has total control'
President Trump permanently suspended US funding to the World Health Organization after accusing it of a coronavirus cover-up with China
Rony Abovitz confirms Magic Leap's new funding, will step down as CEO
Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.
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
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
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,...
iQOO 3 gets a price cut, now available for Rs 31,990 in India
The offer will be applicable on all iQOO3 variants starting May 29 till June 15, the company said in a statement
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
Mark Zuckerberg says he had a 'visceral negative reaction' to Trump's post about shooting protesters but says the post will stay on Facebook
Facebook CEO Mark Zuckerberg has finally weighed in on Trump's rhetoric, which Twitter previously warned broke its rules on "glorifying violence."
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.
The Witcher franchise has crossed 50 million sales
The Witcher franchise has sold over 50 million copies worldwide, according to the latest figures from developer CD Projekt Red. The Witcher 3 is responsible for a huge chunk of those sales, with the popular RPG having sold over 20 million copies as of June 2019.
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
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.
Google Docs used by hackers in 65% of attacks to steal login credentials
Amid the global pandemic, cybercriminals are increasingly using coronavirus as a lure to trick unfocused users by capitalising on their fear and uncertainty
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
Senator sees US sticking to trade deal with China despite pandemic concerns
U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade ...
IMD sees heavy rain for Kerala, Lakshadweep until Sunday
Monsoon is here all but in name, says Skymet Weather
Top European Union diplomat calls China an 'ally' despite Hong Kong crisis
China is a necessary “ally” in global affairs due to its economic clout and capacity to influence major issues, according to the European Union’s top diplomat.
Chelsea star trying to convince former teammate to join Blues amid interest from rivals
Chelsea will be hoping that this star can encourage his former teammate to join the Blues in the summer...
Singapore, China to launch 'fast lane' arrangement with COVID-19 measures for essential business, official travel
SINGAPORE: Singapore and China have agreed to launch a "fast lane" arrangement in early June to facilitate essential travel for business and ...
Master of cargo ship charged over Australia container spill
BRISBANE, Australia (AP) — The ship master of a Singapore-registered vessel that spilled some of its cargo off the Australian east coast has been charged with damage of the marine...
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.
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.
Enterprise became America's largest car rental by hiring 'amiable jocks' straight out of college, and it might help it survive the car rental apocalypse
As other car rental companies begin to bite the dust, Enterprise's unique hiring strategy may allow it navigate unprecedented challenges facing the industry.
In broadside against China, Trump moves toward ending Hong Kong privileges
WASHINGTON/HONG KONG — President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.
South Korea seeks to import anti-viral remdesivir as new coronavirus cases emerge
SEOUL (Reuters) - South Korean health authorities said on Friday they would request imports of Gilead Sciences Inc’s anti-viral drug remdesivir to treat COVID-19, as new outbreaks of the disease flare as social distancing restrictions are eased.
MEIL builds 15 pump houses in Kaleshwaram project
With inauguration of Markook pump house on Friday, 9 pump houses with total 3,767 MW capacity have been operationalised
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
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.
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
Liverpool boss Jurgen Klopp on ‘silly null and void stuff’ and why winning title at Anfield isn’t ‘that important’
Jurgen Klopp has given his thoughts on all things regarding the Premier League season returning, including neutral grounds...
U.S. to End Hong Kong's Special Treatment, Trump Says
U.S. to End Hong Kong's Special Treatment, Trump Says
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.
Syria’s Rami Makhlouf relinquishes assets to charity
DUBAI: Rami Makhlouf, one of the richest men in Syria, is relinquishing his assets to his charity Ramak Humanitarian, newspaper Asharq Al-Awsat reported. His shares in several banks and insurance companies will not be transferable or sellable, Makhlouf said. In another video message on Facebook, the businessman said he was “very relieved and euphoric” to transfer the
Google Chrome is getting a new feature that blocks misleading and intrusive website notifications
Google is cracking down on websites that send misleading notifications designed to trick users or spread malware.
Canada 'needs' airline industry, is monitoring day by day: minister
OTTAWA (Reuters) - Canada is closely monitoring the slumping airline industry and extended a ban on large cruise ships to Oct. 31 to help prevent the spread of the coronavirus, Transport Minister Marc Garneau said on Friday.
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...
Shikabala prefers cancelling the current season
Shikabala said "I think we should wait for more time to return back. It is better to cancel this season and start a new season."
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.
China to ban pork imports from India to 'prevent swine fever': Report
According to the daily, India reported its first case of ASF in both domestic pigs and wild boars in Assam earlier this month
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.
'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices
Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.
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.
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
Twitter now calls out US President Donald Trump for glorifying violence, restricts his tweet
Just days after it fact-checked one of the tweets made by US President Donald Trump, Twitter has now called out another of his tweet for glorifying violence and has hidden it behind a public notice.
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.
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.
New director for Arizona Department of Economic Security
The Arizona Department of Economic Security has a new director.
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.
China to restrict expansion of solar equipment producers
China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...
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
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.
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.
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.
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
Twitter slapped a 'glorifying violence' label on a Trump tweet that threatened George Floyd protesters in Minneapolis with getting shot
Twitter placed a clickthrough block on a tweet by President Donald Trump. The tweet said "when the looting starts, the shooting starts."
Microsoft is cutting dozens of MSN news production workers and replacing them with artificial intelligence
About 50 employees — contracted through staffing agencies Aquent and MAQ Consulting — were notified that their services would no longer be needed beyond June 30.
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.
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
Recent survey shows business and community leaders cautious about reopening
More than 75 percent of the people who responded to the survey feel like there could be another shutdown.
Number 10 must lift briefing ban on openDemocracy, says European press freedom watchdog
Government accused of attempting to “isolate and punish critical coverage” by boycotting media outlets.
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.
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.
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
NCDC cries out as rapid test kits black market rises
• FG to use hotels, schools as quarantine, isolation centres • Hospitals’ refusal to treat patients leads to more deaths – FG Kamarudeen Ogundele, Olaleye Aluko and Tobi Aworinde The Presidentia...
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.
An economic Cold War was long coming
The US has always felt threatened by China’s rise. The Covid crisis has sharpened the conflict of economic interests
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
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.
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
South Africa’s diesel shortage to last several weeks
A shortage of diesel fuel in South Africa will ease up in a few weeks when about 30% of its refining capacity, idled because of a drop in demand spurred by the Covid-19 lockdown, will return to service.
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
Alphonso mango farmers shun middlemen; relish sweet taste of self-reliance
Despite the lockdown, this year, mango farmers in the Konkan region of Maharashtra reaped handsome gains. Breaking from the past practice of selling their produce to middlemen, they sold their produce
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
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.
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).
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
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.
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
After flak over Shramik, Rlys says only 71 out of 3,840 trains diverted
Over the past few days, at least nine people lost their lives in different Shramik trains, for which the reasons were allegedly lack of supply of food and water
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.
After Donald Trump silenced, Twitter and White House now fighting tweet war in full public display
After Twitter hid one of the tweets made by Donald Trump behind a public notice, the official White House account is now tweeting the same tweet and is trolling Twitter.
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.
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.
Givealittle page raises money for drought-stricken Hawke's Bay farmers
"There is a massive and critical lack of feed, and some farmers are in dire situations, mentally exhausted and trying to keep stock alive."
Austrian to resume flights to 37 destinations
Regular scheduled flights will resume on June 15, with destinations including London…
Trent says he spent ‘hours and hours’ trying to recreate iconic Gerrard goal
Liverpool full-back Trent Alexander-Arnold asked his Twitter followers for some of the best goals they’ve ever seen, and they of course complied. The Scouser was inundated with responses R…
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.
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.
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 ...
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 -
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
NSA warns of ongoing Russian hacking campaign against US systems
REUTERS: The U.S. National Security Agency on Thursday warned government partners and private companies about a Russian hacking operation that ...
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...
County Announces COVID-19 Ambassadors to Assist Local Businesses
Santa Barbara County Supervisor Gregg Hart announced COVID-19 Ambassadors will assist local businesses with reopening and guideline compliance.
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
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
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
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...
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.
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.
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
Jon Jones goes off on Dana White for ‘lying’ about ‘absurd’ money demand - ‘It’s absolute bullsh*t!’
Jon Jones took to social media to fire off on Dana White, accusing him of lying about the absurd money demand he allegedly requested to fight Francis Ngannou.
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.
Vehicle testing stations to reopen for business
The Ministry of Transport has announced that vehicle testing stations have been granted permission to open on June 1.
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.
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
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 ...
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
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.
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.
Hong Kong’s business hub status imperiled by security law | BusinessMirror
HONG KONG—A national security law proposed by China could imperil Hong Kong’s status as one of the world’s best places to do business. The law, approved Thursday in Beijing, led Secretary of State Mike Pompeo to say Washington will no longer treat Hong Kong, already reeling from anti-government protests and…
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.
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.
‘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.
Incredible 'Double Discount' Sale Launched On The PlayStation Store
While the weather at the minute does mean we are spending a good bit of time outdoors, it's still difficult to pass up on some cheap PS4 games on this PlayStation Stor...
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.
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.
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
L.A. County Approved to Reopen Hair Salons, Barbershops
Nail salons are still excluded, but L.A. is moving fast toward reopening of hair salons, barbershops, even restaurants amid the coronavirus.
Trump claims his 'when the looting starts, the shooting starts' remarks weren't a call to violence but instead a 'fact'
Trump's tweet, which was in reference to unrest in Minneapolis, was flagged as violating Twitter's rules.
'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices
Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.
Aston Martin begins DB5 Goldfinger Continuation project
Aston Martin is pressing on with its replica DB5s and a slated 2020 delivery.
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.
Triple H praises seven-year-old WWE superfan raising money for NHS with book
Young Captain Chaos is doing his bit!
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.
Covid-19: Very high risk of T20 WC being postponed, says Cricket Australia
ICC has deferred a decision on the event till June 10, saying it wants to continue exploring contingency plans for some more time
Jobs promise as Marston’s joins forces with Carlsberg
Jobs are likely to come to the West Midlands as it becomes the headquarters of a major new UK brewing operation.
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.
Emerging from coronavirus pandemic: Here’s a breakdown of where Europe’s football leagues stand
With Italy’s Serie A setting a date for its return and the English Premier League agreed on when to resume, European football is bracing for a full summer.
US layoffs climb to 41 million despite businesses reopening
WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
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.
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
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.
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.
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.
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Telecom regulator moots national numbering plan
Recommends 11-digit mobile numbers, among other things
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
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.
Quarterly growth slides to 3.1 per cent, more pain feared
Worries centre around Covid surge, slow recovery
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.
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
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
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.
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
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.
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 […]
White House decides not to release economic update as election draws near | Honolulu Star-Advertiser
WASHINGTON >> The White House took the unusual step today of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration’s anxiety about how the coronavirus has ravaged the nation just months before the election.
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
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.
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
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 ...
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.
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...
White House punts economic update as US election draws near
While the economic forecast is being delayed, updated information about the nation's budgetary situation will still be released as expected this summer.
The £45 'it' dress you've probably never heard of! Striped frock by Seasalt sparks eBay bidding wars that drive prices up by 350% - as shoppers praise the 'comfortable' summer style
Cornwall-based brand SeaSalt has found itself at the centre of bidding wars on eBay. A Mumsnet user revealed she had been outbid on the £45 Mill Pool dress on several occasions.
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.
Facebook, Twitter react to Donald Trump's executive order
Facebook and Twitter have reacted to Donald Trump's executive order that aims to limit social media companies.
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
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.
Trump's order taking aim at Twitter is 'bluster': legal experts
U.S. President Donald Trump's attempt to curb what he says is social media censorship is a political gambit and will not change the legal ...
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
PIC CFO suspension extended as disciplinary clears her of Ayo charges
Board says it will be
SpaceX's latest Starship rocket prototype just exploded during an engine test
SpaceX's previous Starship prototypes burst during fuel-tank testing, but the fourth prototype exploded during an operation to test-fire its engine.
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
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
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:
Warner Music IPO aims to strike a chord in ‘Six Feet Apart’ era
Streaming likely to boost investor interest amid pandemic lockdowns
Datalogic Makes Investment in AWM Smart Shelf
The deal positions Datalogic for growth into new technology areas.
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.
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
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.
Ghana Have Factories: African Nation Bans Importation of Old Cars
Ghana has banned the importation of cars older than 10 years in a move designed to attract automotive plants. As a major importer of second-hand vehicles, the West African nation is largely dependent upon cars discarded by other nations. However, the country’s leadership wants it to become an automotive hub for at least a healthy chunk […]
Navy SEAL who oversaw the Osama bin Laden raid says 'Batman and Superman are not coming' in a speech advising college graduates to become their own heroes
"Batman and Superman are not coming to save the world," Navy SEAL Adm. William McRaven said. "It will be up to you."
‘He’ll end up playing centre midfield’ – Jon Flanagan’s interesting take on world class Liverpool defender
'He’ll end up playing centre midfield' - Jon Flanagan's interesting take on world class Liverpool defender
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 […]
Maharashtra to soon announce economic package to tide over virus crisis: Ajit Pawar
'In a nutshell, we are facing an economic crisis and we want to find a way out,' said Pawar.He also said that although the Centre recently announced an economic package, there were still differences of opinion on how much money will be given to the people
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
Ford's Mustang Mach-E will give Tesla a run for its money, plus the Bronco and F-150 will get fans excited again
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
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 […]
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.
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.
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8th
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
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
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.
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...
Bid to bring post-Brexit customs training academy to Dundee
A pitch by Dundee City Council leader John Alexander to bring a post-Brexit training academy to the city is to be explored by the UK government.
Trump's feud with Twitter, explained in 30 seconds
The scuffle involves fact-checking, misinformation, and an executive order.
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 ...
Plunging sales force Nissan to leave Korea
SEOUL, May 29 (UPI) -- Japanese automaker Nissan Motor announced Thursday that it plans to pull out from South Korea at the end of 2020, 16 years after it entered the country in 2004.
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
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.
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
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
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 ...
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
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.
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.
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 ...
European, South Korean authorities vie for COVID-19 antiviral remdesivir
(Reuters) - European and South Korean authorities are vying for Gilead Sciences’ (GILD.O) potential COVID-19 treatment, remdesivir, even though the drugmaker has yet to gain regulatory approval in either market and is still ramping up production of the anti-viral drug.
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
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"
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.
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.
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...
White-eared kob returns to Uganda
Previously, all UWA had of the treasured white-eared kob was a blurred photograph shot in haste without good light. The same species has lately been seen grazing...
Dana White reveals Jon Jones wanted Deontay Wilder money for Ngannou superfight
UFC president Dana White reveals Jon Jones’ asking price to fight Francis Ngannou at heavyweight.
MWSS says consumers in Metro can pay water bills in staggered amounts
To avoid bill shock, the Metropolitan Waterworks and Sewerage System says the public can settle their accounts 'in drops'
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
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.
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.
UK Sought 'New Entrants' in 5G Networks Amid Huawei Approval, US-China Trade Tensions - Downing Street
The news comes after unconfirmed reports in UK media cited anonymous sources in Whitehall, who said the government may phase out the Chinese tech giant's role in...
Australia's back in business - but nothing is usual
As the lockdown lifts, pubs, restaurants, tourism operators and funeral homes are all changing the way they operate.
Modi 2.0 fulfils BJP’s core agenda in first year, but Covid-19 throws new challenges
The Modi government executed its ideological agenda at a vigorous pace in its first year in office in its second term, but the economic devastation wrought by Covid-19 has presented the saffron dispen
Ramaphosa on South Africa’s cigarette ban, alcohol sales, and a move to lockdown level 2
South Africa’s level 3 regulations are appropriate for ‘right now’ and the country is already targeting a move to level 2 of the lockdown with fewer restrictions, says president Cyril Ramaphosa.
Feds to provide more funds to help remote Indigenous communities cope with pandemic
The federal government is to spend millions more to help remote and rural Indigenous communities cope with the COVID-19 crisis.
Twitter attaches disclaimer to Trump's Minneapolis tweet for 'glorifying violence'
Twitter accused President Donald Trump on Friday of "glorifying violence", attaching a disclaimer to one of his tweets about unrest in Minneapolis ...
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
Lenovo's $50 webcam, down from $70, is a nice, cheap upgrade to the built-in webcams on the vast majority of laptops
No one could have predicted we'd be relying on webcams like we are today to talk with friends, family, and colleagues.
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.
Trump moves to revoke Hong Kong trade status, stoking China rift
Citing a litany of grievances against the country, some dating to before he was elected president, Trump said the U.S. would begin a process to revoke Hong Kong’s preferential trade status under U.S. law.
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.
Stocks tumble as Wall Street awaits Trump’s China salvo
US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4
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
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
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
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
Don’t involve children in business, Manzese residents told
Parents and guardians have been urged to ensure that their children remain at home during the schools closure and not involve them in their business activities, something that contrary to the child
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
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
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Trump's tweet that got tagged for 'glorifying violence' used a phrase from a 1960s cop whose policies started a race riot
"When the looting starts, the shooting starts," Walter Headley said in 1967 amid tensions in Miami — in remarks echoed by President Donald Trump.
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.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
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.
Carrie Underwood & Mike Fisher Open Up About Parenthood And Their Multiple Miscarriages In New Series
Carrie Underwood and Mike Fisher will be celebrating their 10th wedding anniversary this summer, and they are the proud parents of two little boys -
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.
Viewpoint: Making additive manufacturers smarter via the digital twin
In the last decade, an exciting dynamic is propelling manufacturing towards 3D printing, or additive manufacturing (AM), writes Bill Davis of Siemens Digital Industries Software, discussing the digital twin.
7 Stocks to Buy to Ride the Vegan Wave
Plant-based foods have become big business in America. And these food stocks to buy show that America is crazy about meatless alternatives.
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.
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
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 ...
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
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.
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...
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
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.
Implementation of new framework for taxi, ride-hailing companies pushed back to October
SINGAPORE: The implementation of a new regulatory framework for the taxi and private-hire car sectors will be delayed again to October, as ...
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
Facebook has done nothing with a Trump post that threatens shooting Minneapolis protesters even as Twitter hides it for 'glorifying violence'
On Friday morning, President Trump threatened protesters in Minneapolis via Twitter and Facebook. But only one platform censored his threat.
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
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
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.
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
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.
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.
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
OnePlus 8 goes on special limited sale today: Price, specifications and features
The OnePlus 8 will be available via Amazon and OnePlus' website during the special limited sale today. Here's all you need to know.
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.
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.
UltraSoc and Canis Auto Lab address CAN bus cyber threat
UltraSoC and Canis Automotive Labs are addressing a cybersecurity vulnerability in the automotive industry – the lack of security features within the CAN bus.
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.
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.
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 ...
£400k for IoT security design schemes
The government has launched a £400,000 funding pot for innovators to design schemes to boost the security of internet-connected products, Digital Infrastructure Minister Matt Warman announced today.
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.
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.
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 ...
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.
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
Epstein estate reaches deal with US Virgin Islands attorney general on victims compensation fund
A deal regarding a fund to compensate the dozens of alleged sex-trafficking victims of Jeffrey Epstein has been reached between the late financier's estate and the attorney general of the U.S. Virgin Islands following an impasse.
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
The UK wants to join with Trump to form a new global alliance to end China's grip on 5G
Boris Johnson wants to form a technology alliance with the US and other countries amid global anger towards China.
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
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
Reports of shots fired outside the Colorado State Capitol amid protests over death of George Floyd
Peaceful demonstrators and at least one state lawmaker took cover at the Colorado State Capitol building Thursday evening after shots were reportedly fired amid protests over the death of George Floyd.
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.
Film production and exhibition will dramatically change post Covid: Mani Ratnam
Ace film maker Mani Ratnam on Thursday said that the film production and exhibition business will see a dramatic change in the post-Covid world.“The film industry has witnessed changes in earlier days
Futures hit by Sino-US tensions at the end of strong month
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Nissan falls behind rivals in industry's critical transitional period
Nissan Motor Co.'s business downturn may be causing a costly delay in the global race toward new mobility technologies, analysts say.
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.
Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on ...
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 ...
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.
North Korea declares 'sexual immorality' treason: Parents will be punished if 'decadent capitalist influences' like Japanese porn are allowed to influence teenagers
North Korea's ruling party has ordered a crackdown after noticing that 'more and more high school boys and girls are engaging in immoral sexual deviance' (file photo, students dance in Pyongyang).
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.
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
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…
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
DOJ sets new conditions for CPI’s acquisition of General Dynamics’ satellite antenna business
For the merger to go forward CPI must sell off its subsidiary ASC Signal Division.
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.
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.
Remote learning is a model for the future of education
How will technology-delivered instruction affect learning? It's still too early to reach a conclusion, but the implications for exams are clear, says Elsbeth Stern.
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
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.
COVID-19 test kits now being sold in black markets, NCDC raises alarm
abuja—Director-General of the Nigeria Centre for Disease Control, NCDC, Chikwe Ihekweazu, said yesterday Nigerians have started COVID-19
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.
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.
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.
Agriculture, mining saved Indian economy in FY20; manufacturing bites
The farm sector is expected to perform well in FY21 as well.
Twitter Stock Is Caught Between a Rock and a Hard Place
Trump's attack on social media raises questions about Twitter's business model, as well as politics. Buy Square instead of Twitter stock.
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.
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 […]
Trump's order taking aim at Twitter is 'bluster': Legal experts
U.S. President Donald Trump's attempt to curb what he says is social media censorship is a political gambit and will not change the legal ...
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.
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.
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.
Prices of certain imports such as rice ‘expected to rise’
Bonakele says although prices of essential goods spiked as a result of panic buying, they have since stabilized.
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.
S&P 500 up in choppy action after Trump comments on China
S&P 500 up in choppy action after Trump comments on China
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?
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
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.
Chhattisgarh: 69 bureaucrats including 23 collectors transferred; BJP says Congress resorting to ‘transfer business’
Chhattisgarh BJP has claimed that the state under the Congress government is a corrupt anarchy now and resorting to transfer business.
The Nintendo Switch Lite Is Finally Back In Stock
Amazon finally has the Nintendo Switch Lite back in stock. It's still priced at the same $199, so there's no price gouging going on here. It is
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…
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,
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
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
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...
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,...
Funding Boost Is Music To The Ears Of Musicians And Fans
As NZ Music Month edges to a close New Zealand’s musicians have reason to celebrate with government funding to NZ On Air for supporting local music creation to more than double for the next two years.
Defence minister Rajnath Singh speaks to US on China's LAC intrusion
PLA continues building bunkers and roads, deploys tanks, artillery
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
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...
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...
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
Coronavirus: Technopath offers employers not-for-profit antibody tests
Tipperary firm sees confidence in testing as crucial to getting staff back to work
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.
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
Capitals prepare to open MedStar Iceplex when NHL allows training to restart
Washington Capitals general manager Brian MacLellan told reporters Friday that the team has been in contact with government officials about making sure its practice facility in Arlington, Virginia, ca
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
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...
Roger Federer is the world's highest-paid athlete, says Forbes
The Swiss tennis great, owner of a men's record 20 Grand Slam singles titles, earned $106.3 million in the last 12 months, including $100 million via endorsements, to move up four places and become the first player from his sport to top the list.
Covid-19: India vs Australia Test series schedule may change, says CA
Cricket Australia on Thursday announced that India will play the Tests at Brisbane (December 3-7), Adelaide (December 11-15), Melbourne (December 26-30) and Sydney (January 3-7)
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
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).
Air Canada is using its business class-only private jets on some routes to make social distancing in the sky easier — take a look at the unique plane
The sub-fleet, known as Air Canada Jetz, typically fly sports teams and its aircraft feature all-business class seating with no pesky middle seats.
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.
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.
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’
Domestic Flights Are Not Spreading COVID-19, Cases Are Getting Detected Because... Read What Hardeep Singh Puri Says
"I say that these COVID-positive passengers were detected because we have the right systems in place and they are functioning efficiently," the minister said in an interview.
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...
CBI initiates inquiry into financial affairs of Tablighi Jamaat over ‘dubious cash transactions’
Sources said a case has been registered on the basis of a complaint from the Foreigners Division of the Ministry of Home Affairs alleging that the organisation has violated Foreign Contribution Regulation Act (FCRA).
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
Shri Krishna, Mahabharat most-watched TV shows; mythological genre sees strong traction in COVID-19 times
With the increase in viewership, channels are also increasing their programming for the genre.
It’s imperative to make MGNREGS worksites pandemic-safe
Careful work selection, age-appropriate task allotment, monitoring of social distancing could hold the key
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.
Post-Pandemic Music Industry Predictions: The Consolidation Of Power
The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?
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
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
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.
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
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
Aer Lingus to deploy controlled boarding and contactless passes
Passengers and crew must already wear face masks
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...
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.
Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification
Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.
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.
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
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
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.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
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 ...
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
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 ...
Mark Zuckerberg says Facebook should not verify posts, satire website declares him dead
A day after Mark Zuckerberg said that social media sites should not play "arbiters of truth," memes are going viral with satire articles that make provocative and fake claims about the Facebook CEO.
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.
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.
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.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
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 […]
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.
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.
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 […]
'I needed to do something': Hero soldier talks about stopping an active shooter by ramming him with his truck
Master Sgt. David Royer stopped an active shooter by slamming his truck into him and then went home to mow the lawn and spend time with his family.
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.
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 ...
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 ...
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
Gold Up on Back of Mounting U.S.-China Tension
Gold Up on Back of Mounting U.S.-China Tension
Sources: David Price to give each Dodgers minor leaguer $1K in June to help during pandemic
Pitcher David Price will give each minor league player who is not on the Dodgers' 40-man roster $1,000 for the month of June, sources confirmed to ESPN.
Building Water System Challenges Following COVID-19 Closures
The WQP team has been working remotely in response to the coronavirus, also known as COVID-19, since mid-March, and our office building has been
Biden losing economic argument to Trump as U.S. begins to re-open
WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump is trusted more than Democratic nominee Joe Biden to handle the economy, polls show, even with more than 40 million Americans filing jobless claims and growth stalled due to the coronavirus pandemic.
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 […]
Move over James Bond; India returns alleged bird spy to Pakistan
Indian police have released a pigeon belonging to a Pakistani fisherman after a probe found that the bird, which had flown across the contentious border between the nuclear-armed nations, was not a spy, two officials said on Friday. "The pigeon was set free yesterday (May 28) after nothing suspicious
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.
NIA files chargesheet in Purnea fake currency case
The National Investigation Agency has filed a chargesheet in connection with a fake currency case, reported at Purnea, Bihar.The case relates to the recovery of fake currency having a total face value of Rs 1,90,500.
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.
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
US Asians, harassed over coronavirus, push back on streets, social media
A spike in harassment of Asian-Americans since the coronavirus pandemic began has led community activists in the United States to fight back - ...
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
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.
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.
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
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.
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
‘New normal’ aims to keep economy running: Minister
The government said on Thursday that it needed to implement the so-called “new normal” to keep the economy running while maintaining restrictions to contain the spread of COVID-19.
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
Samoa to welcome series of repatriation flights - Air New Zealand
It’s on its way - the first of a series of repatriation flights has departed Auckland on its way to Apia as Air New Zealand works with the Samoan government to return Samoan citizens home.
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
MCMC warns businesses not to misuse personal data collected for Covid-19 contact tracing
KUALA LUMPUR, May 29 — All business premises allowed to operate during the Conditional movement control order (CMCO) must comply fully with the operating procedures with regards to the collection, processing and storing of personal data, as set by the Communications and Multimedia Ministry...
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.
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
‘When the looting starts, the shooting starts’: Trump threatens to call military into Minneapolis
President Trump early Friday threatened to “get the job done right” to control the violent Minneapolis protests if the city’s mayor doesn’t “get his act...
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.
Sun Pharma gets nod for drug trial in COVID-19 patients
DCGI approves testing of pancreatitis drug Nafamostat
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
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
Glasgow garage boss flogging cheeky ‘wee f*nny’ number plate – and it could be yours for £25,000
A GLASGOW garage boss is selling his prized W33 FNY number plate – and it could be yours for a cool £25,000. Matt Kandola has spent the last five years with the cheeky plate on his R35 Nissan…
Americans Turned Less Gloomy About The Economy in May
Current conditions look better than they did a month ago but the outlook for the future is grimmer. |
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
SoftBank leads $500 million fundraising for Didi's self-driving unit
BEIJING/SHANGHAI (Reuters) - China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.
Abdul Aleem Khan dismisses flour price increase by Mills Association
Pakistan Flour Mills Association had increased the price of flour by Rs 120
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
US Mercenary Behind Botched Venezuela Incursion Associated With Businessman Who Betrayed Maduro
Venezuelan law enforcement has detained 66 persons in connection with the disastrous May 3-4 mercenary incursion of Venezuela, which was aimed at kidnapping President...
LIVE:Trudeau to announce more funds to help remote Indigenous communities respond to COVID-19
This new funding is on top of the $305-million Indigenous Community Support Fund, which the federal government created in March to help First Nations, Inuit and Metis communities prepare for and cope with the pandemic
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
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
Brexit Boost: Nissan Backs Britain as It Pulls out of EU
Japanese carmaker Nissan has announced that it will retain its plant in Sunderland, England, but will be closing its factories in Spain.
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.
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.”
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.
YouTube launches “Video Chapters” for easy navigation through videos
YouTube on Thursday launched its ‘Video Chapters’ feature on its platform that lets users skip to a particular part of the video based on time stamps. The chapters feature allows the viewer to skip ah
Teenager launches food delivery business
WHILE many lament the harsh economic effects of the dreaded COVID-19 virus, one innovativ...
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...
'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.
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.
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
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 ...
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 […]
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.
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
French economy shrank less than first thought in first quarter: INSEE
French economy shrank less than first thought in first quarter: INSEE
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.
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. […]
CONFIRMED! Katrina Kaif Signs Superhero Film; Ali Abbas Zafar Shares Interesting Details!
Director Ali Abbas Zafar has good news for all the Katrina Kaif’s fans out there. In a recent tete-a-tete with a media portal, Ali Abbas confirmed that his next directorial will be a superhero film featuring Katrina Kaif in the lead role, and the film is all set to go on floors after the lockdown ends.
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).
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.
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
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.
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
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 ...
Biker seriously injured in Hinstock accident
A biker was taken to hospital with serious injuries after an accident.
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
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.
How to put 'found money' generated from pandemic savings to good use
CALGARY - An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no plac
Obama releases statement on George Floyd: 'For millions of Americans, being treated differently on account of race is tragically, painfully, maddeningly 'normal''
"This shouldn't be 'normal' in 2020 America. It can't be 'normal,'" Obama wrote of the death of George Floyd and racism across the nation.
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
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.
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.
Apple’s Deirdre O’Brien in Top Five of Inaugural ‘Queer 50’ Business Leaders List
Apple's VP Deidre O'Brien was named at number of five in Fast Company's first-ever 'Queer 50' list - the highest-ranked tech exec.
Locust swarms pose threat to aircraft during landing and takeoff phase: DGCA issues guidelines
The Directorate General of Civil Aviation said that pitot and static sources can also get partially or fully blocked while flying through locust swarms.
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
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...
A white venture capitalist threatened to call the police on a group of black men in a Minneapolis gym, and a video of the incident is trending
Tom Austin, a venture capitalist, later apologized and said a building manager's email previously flagged concerns of non-tenants using the gym.
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
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.
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.
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.
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 […]
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.
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 […]
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.
Laolu Akande harps on importance of feedback to Buhari administration
Mr Laolu Akande, the spokesperson of Nigeria's Vice President, Professor Yemi Osinbajo, has revealed that President Muhammadu Buhari
Marc Thiessen: Trump must threaten China with 'brain drain' and 'capital flight' amid Hong Kong crackdown
Washington Post columnist and Fox News contributor Marc Thiessen previewed President Trump's Friday announcement dealing with China on "The Story" Thursday, predicting that the president would "impose sanctions" on the Beijing government in response to its moves to restrict Hong Kong's autonomy.
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
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
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.
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 ...
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
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.
Clovis Oncology: You Should Embrace Volatility To Enjoy Profitability
Amid the Corona Bear market, many fundamentally strong stocks are still trading at a deep bargain to their true worth. Amid the market volatility, Clovis Oncolo
We'll All Be Renting a Local Airbnb This Summer
Yes, people are itching to travel, but their first holidays are likely to be close to home.
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...
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
Ireland Funds’ Chief Executive steps down after one year
Mr Cronin intends to spend more time with family and will move back to Ireland
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
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.
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%)
US layoffs climb to 41 million, despite business reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country
Carmageddon awaits unless work from home continues
With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19.
Scroll up! Scroll up! Here’s everything you need to know about Scotland’s first virtual agricultural show
Bring out the bunting – Scotland’s summer show season is back in business!
Stocks recover after Trump's announcement on Hong Kong
May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.
Great news for Barcelona: Influential ace upbeat as he’s set to hand Setien important fitness boost
Tipped to feature in first game back...
Ryanair expects air fares to fall when flights take off again
’We think it’s pretty clear that for the next 12 months prices are going to be way down,’ says Michael O’Leary
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 ...
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...
Xiaomi hints at Mi branded laptops for India, takes on Dell, HP and Asus in a new teaser
In a hint that Xiaomi is all set to enter the laptops market in India, the company has now shared a new teaser that directly targets competing brands such as Acer, Dell and Lenovo.
-$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 […]
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
Former EastEnders star could have 'no income for a year' due to coronavirus
The theatre industry is currently shut down.
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.
The Most Powerful Toyota RAV4 Ever Has A Hefty Price Tag
The 2021 Toyota RAV4 Prime was revealed at last year's Los Angeles Auto Show as the most powerful RAV4 vari...
Explainer: How important is Hong Kong to China as a free finance hub?
Explainer: How important is Hong Kong to China as a free finance hub?
Markets to remain open from 7 AM to 7 PM from today
To encourage commercial activities, markets will be allowed to remain open in the state from 7 AM to 7 PM from today. Till now, the market was being allowed to open from 7 AM to 4 PM. This decision and other directions to ensure proper facilities in quarantine centres were issued by the chief
Call of Duty fans can enlist Captain Price himself on Cameo, for charity
Proceeds will support groups helping veterans find high-quality careers
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.
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
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
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.
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…
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
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.
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.
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.
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
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.
ICC allows Laurent Gbagbo to leave Belgium
Gbagbo and his deputy Charles Ble Goude were both cleared of crimes against humanity a year ago, eight years after the former West African strongman's arrest and transfer to the Hague-based court.
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
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%.
White House punts economic update as election draws near
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has rava
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
Shramik trains: Rlys appeal to people with comorbidities to avoid travel
At least nine passengers were reported dead on May 27 over a span of 48 hours on board the migrant trains, with the railways stating that all of them had health conditions.
CannTrust back in business
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
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 (
‘Less talk, more action’: Malaysian film industry practitioners to Finas
KUALA LUMPUR, May 29 — Members of the local film industry are far from complimentary of the performance of the National Film Development Corporation Malaysia (Finas), and many are hoping that the new leadership announced will bring much needed changes. For actor, director and producer Afdlin...
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 […]
Centre likely to retain limited role and allow states have more say after Lockdown 4.0
The central government may, however, advise state authorities to continue with strict curbs in COVID-19 containment zones in the worst-affected 30 municipal areas that account for 80 percent of the positive cases in the country.
PS4 Controller Back Button Attachment Is Back in Stock Direct from PlayStation
Get them while they're hot
Canada's Huawei extradition ruling could unleash more Chinese backlash
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd executive to the United States leaves Canada ...
Lufthansa adds long-haul routes from Frankfurt and Munich
Newly announced destinations include Frankfurt to Cairo, Beijing, Shanghai and San Jose, and Munich to San Francisco, Delhi…
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
COVID-19 workplace complaints surge; unions rip administration
A surge in coronavirus-related workplace complaints is fueling criticism from unions and Democratic lawmakers that the Labor Department is ill-equipped to ensure workers are safe as more businesses
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.
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.
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...
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
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.
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
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-
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).
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
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
SGPDA not to hand over fish market construction work to fisheries dept
NT NETWORK Margao The chairman of South Goa Planning and Development Authority (SGPDA) Wilfred D’Sa informed that a collective decision has
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
Furlough latest - 3 announcements we're expecting from Chancellor Rishi Sunak today
On Friday, the Chancellor is expected to announce a raft of changes to the furlough scheme as the state subsidy is wound down for more than 8.4million workers
The White House's coronavirus postcards cost the struggling Post Office $28 million
It's yet another complication for President Trump's strained relationship with the federal agency, which receives no taxpayer funding.
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.
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.
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.
Gangs of Edinburgh: How the vice sex trade took off in the capital
The late Margaret 'Madam Moneybags' Paterson was eventually jailed after officers raided her home and discovered she was in charge of prostitutes across the country.
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.
Urban commuters wary of using public transport when lockdown measures relaxed; private vehicles, solo ridership preferred, finds survey
In the times of social distancing, public transport would not be preferred for the next few months, said respondents in a survey
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.
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
Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic
Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur
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.
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
Masks, cleaning, filtration better than blocking middle seats: United CEO
United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are ...
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
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
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.
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 […]
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
Motorola Moto G8 Power Lite sells out within 20 seconds in India on first sale
The Moto G8 Power Lite went on its first sale today and it reportedly sold out within 20 seconds. The G8 Power Lite is Motorola's latest budget smartphone.
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
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
Find Out Your Dog's DNA With This Discounted Embark DNA Test
In Amazon's Gold Box Deal of the Day, it has the Embark Dog DNA Test on sale for just $99. That is good for a savings of around $30. Making it a pretty
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.
'A lot of nurses don't have a work ethic': An Atlanta drug rehab clinic is accused of firing its nursing staff during the pandemic
The clinic's director described the staff as lazy and questioned why nurses were being hailed as heroes.
The daily business briefing: May 29, 2020
Another 2.1 million Americans file unemployment claims, Trump signs an executive order targeting social media, and more
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
Farmers ‘managing’ but could lose new staff as businesses reopen
THE farming industry is ‘managing’ despite the loss of foreign labour during the pandemic, but concerns are growing about possible staff shortages when other sectors reopen, an industry spokesman has said.
IDC: Hearables market on the rise, but smartwatch sales have declined in Q1 2020
Global shipments for wearables went up by 29.7% YoY with 72.6 million units shipped.
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 . . .
NBA targets a return date of July 31 — and may play all its games at Disney World
The NBA was the first major sports league to suspend its season, on March 11.
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%.
Honor 30 family hits Russia - its first market after China
The Honor 30 Pro+ and Honor 30 are up for pre-order, Honor 30 Pro is missing.
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.
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,
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.
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
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.
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.
Shuttered Canada-US border highlights different approaches to the pandemic – and differences between the 2 countries
The US and Canada have had a long, supportive relationship. But the recent closure of the US-Canada border because of the coronavirus underscores a growing divide between the two countries.
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
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.
13 puppies 'bred in horrendous circumstances' rescued by animal welfare charity
Scotland's animal welfare charity has rescued 13 puppies from an illegal dealer at Cairnryan Port in Dumfries and Galloway.
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.
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 ...
Aquaculture industry set to be a boon for Northern Australian economy
Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...
Trump signs social media order after Twitter fact-checks him
President Donald Trump signed an executive order that seeks to limit liability protections social-media companies enjoy after Twitter began selective fact checks of his posts on the platform.
'People all across this country are enraged and rightly so': Biden reacts to George Floyd's 'brutal death' and calls it a reminder of systemic racism
"Everyday African Americans go about their lives with constant anxiety and trauma of wondering, 'Will I be next?'" the former vice president said.
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
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
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...
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.
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%.
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
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 […]
Read the full executive order about social media companies that President Trump signed
Here is the full text of President Trump’s executive order relating to social media, published by the White House on Thursday May 28, 2020.
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,
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 […]
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
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...
Asian Stocks Down as Investors Await Trump Action
Asian Stocks Down as Investors Await Trump Action
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
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.
Strictly Discs in Wisconsin, in a Pandemic: 'I Feel a Responsibility to Our Community'
As Dane County enters Phase 1 of reopening, Strictly Discs owner Angie Roloff has expanded the in-store capacity of her Madison record shop.
Tile’s antitrust claims against Apple now being made in Europe as well as US
Tile's antitrust claims against Apple, first made in the US, are now being made in Europe too. The smart tracker company claimed that Apple was acting ...
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
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
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
New York's Cuomo says businesses can turn away people not wearing masks
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear ...
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 […]
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.
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
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
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
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
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.
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
Lloyd's of London considers part-virtual underwriting room
LONDON (Reuters) - The Lloyd's of London insurance market said on Friday it is considering combining its physical underwriting floor in the City of London with some online elements. Lloyd's shut its
‘West Side Story’ Actress Rachel Zegler Quits TikTok After Learning App Has Blocked #BlackLivesMatter, #GeorgeFloyd Hashtags
Rachel Zegler is no longer on TikTok. That's because the singer and actress, cast as Maria in Steven Spielberg's upcoming adaptation of the iconic Broadway musical "West Side Story", has deleted her account after discovering the social media app blocks certain hashtags from view, including #BlackLivesMatter and #GeorgeFloyd. In a series of tweets, Zegler, 19,…
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
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
BT Sport offers 50% bill credit for June as Premier League announces return
BT Sport customers will be able to get a 50% bill credit on their subscriptions next month, with Premier League football now set to return on 17 June
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.
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Move over James Bond; India returns alleged bird spy to Pakistan
SRINAGAR, India (Reuters) - Indian police have released a pigeon belonging to a Pakistani fisherman after a probe found that the bird, which had flown across the contentious border between the nuclear-armed nations, was not a spy, two officials said on Friday.
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.
Advance reservation period for all 30 Special Rajdhani type trains extended from 30 to 120 days
Indian Railways has decided to increase the advance reservation period (ARP) from the existing 30 days to 120 days for all 30 Special Rajdhani type trains that have been operating since May 12, 2020.
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.
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.
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
Go Outdoors to reopen Shrewsbury and Wolverhampton stores
The Go Outdoors stores in Wolverhampton, Kidderminster and Shrewsbury will reopen on Saturday.
Star reiterates plan to stick to current agreement and join Barcelona in 2021 after loan spell
Rumours of early switch, interest from Inter...
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 […]
Twitter hides Trump tweet for 'glorifying violence'
REUTERS: Twitter hid a tweet by U.S. President Donald Trump behind a warning on Friday, accusing him of breaking its rules by "glorifying ...
Ukraine's chief banker: Most of problems on labor market unrelated to COVID-19
The second cause is low productivity.
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
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...
Feds won't force airline ticket refunds for COVID-19 cancellations
The federal government is signalling that it won't force airlines to offer refunds to ticket holders for flights cancelled during the COVID-19 pandemic.
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.
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.
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.
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.
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
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.
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...
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.
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
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.
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.
Apple retains top spot in the wearables market in Q1
A new report suggests Apple shipped over 21 million wearables units in Q1, giving it a 29.3% market share.
NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript
NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,
Man arrested after body of mum found in park in Stockport was in ‘several parts’
THE body of a mum found in a Stockport park was reportedly discovered in “several parts”. A murder probe was launched after the body of Yvonne McCann, in her 40s, was found by a member …
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
US indicts North Koreans, Chinese over money laundering
WASHINGTON, DC: The US Justice Department indicted 28 North Koreans and five Chinese on Thursday (May 28), for operating a money laundering ring ...
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.
Bolsonaro urges Brazil's Supreme Court to shelve 'fake news' probe
President Jair Bolsonaro slammed Brazil's Supreme Court on Thursday for investigating an alleged disinformation and intimidation campaign ...
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
League-by-league guide to the return of football around Europe
On Thursday, Italy's sports minister confirmed that Serie A will return on June 20, while La Liga in Spain will resume its season in the week beginning June 8. Here are confirmed restart dates elsewhere.
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 ...
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
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
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 ...
Konterman rejected Real Madrid move to avoid learning Spanish
The Dutch defender was a key player for Beenhakker's Feyenoord side and he couldn't believe Real Madrid's offer to sign him.
Redmi K30 Pro Gets 400 Yuan Price Cut For 618 Sales in China - Gizchina.com
Redmi K30 Pro Is A Highend Mid-Range Smartphone and for 618 Sales, Xiaomi is bringing a sale on the phone for a limited time only.
India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce
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.
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.
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
Former Triguboff lawyer claims he was sacked for refusing to lie
A lawyer suing billionaire Sydney property developer Harry Triguboff alleges he was sacked from his prestigious job for refusing to lie in an affidavit.
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.
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
Google to let users make Google Voice calls directly from Gmail
Google will soon allow GSuite users to make Google Voice calls directly from their Gmail inbox, the company said on Thursday. The search giant will allow all GSuite users with Google Voice licences to
Read the full executive order about social media companies that President Trump signed
Here's the full text of the executive order released signed by President Trump that seeks "transparency and accountability from online platforms."
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
Mengis Capital Management Inc. Sells 204 Shares of Apple Inc. (NASDAQ:AAPL)
Mengis Capital Management Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,222 shares of the iPhone maker’s stock after selling 204 shares during the period. Apple comprises about 6.7% of Mengis Capital […]
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
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.
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.
Today's Microsoft discounts reach gaming PCs, Xbox One consoles, and more
Microsoft's latest deals include Gears 5 or Forza Horizon 4 for free with the purchase of an Xbox One S, up to $930 off PCs, and Surface Pro 7 bundles starting as low as $699.
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.
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.
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.
Trump considering legislation that may scrap law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including ...
Ping An Voyager Fund Leads Investment in PlusDental to Enhance Modern Dentistry in Europe
HONG KONG and SHANGHAI, May 29, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:23...
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...
COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE
Businesses in the UAE are definitely not in a generous mood when it comes to hiring
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
DraftKings Stock Will Keep Benefitting from Multiple Strong Trends
DraftKings stock will be boosted by the popularity of iGaming and the resumption of professional sports leagues.
Lifetime community rating leads to rise in low cover plan purchases
Research suggests many first-time buyers bought cheap plans with limited benefits
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
Trump move could scrap or weaken law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including ...
ITC Hotels partners with Swiggy to offer dining experiences at home
ITC Hotels has implemented stringent measures and protocols, including mandatory temperature checks for all chefs and food and beverage associates
The Witcher Series passes major sales milestone, shipping over 50 million copies
You can’t keep a good witcher down, especially when they have an ultra successful Netflix series to help punt the games.
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
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
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,…
Stocks tumble ahead of Trump's China press conference
May 29 (UPI) -- President Donald Trump's upcoming news conference on China Friday shook up stocks in morning trading on Wall Street, as the White House could respond to the communist country's action against Hong Kong.
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar
‘We have had a very good winter harvest this time
ANU: Job and income losses halted, confidence rising
Average hours worked increased from 32.3 per week in April to 32.8 per week in May, according to a study by the Australian National University’s (ANU) Centre for Social Research and Methods.
Illinois, New Jersey, and New York are the only states reopening according to federal guidelines, a ProPublica analysis found
The three states have yet to fully lift stay-at-home orders, which have been in place for roughly the same duration, per the ProPublica analysis.
Sound the trumpet! Debt jubilees have arrived
Some of the pandemic relief policies around the world are a grand gesture towards forgiveness
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
Gay weddings boost US economy by $3.8 billion since landmark ruling
Gay and lesbian weddings have boosted state and local economies by an estimated $3.8 billion since same-sex marriage was legalized nationwide in the United States in 2015, according to a study published on Thursday.
Batsa continues legal fight to lift tobacco ban
Group says it must stand up for its customers, suppliers and employees.
Never said India lost to England deliberately in 2019 WC: Ben Stokes
England became the eventual champion by beating New Zealand in a dramatic final at Lord's to lift its maiden World Cup title since the inception of the competition.
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.
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.
'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.
Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund
Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.
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
Executive order on financial autonomy for state judiciary, legislature is faulty says Ekweremadu
The Executive Order No. 10 of 2020 granting financial autonomy to State Judiciary and Legislature is faulty, former Deputy President of the Senate
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
Tiny Changes announces online festival fundraiser recognising Covid charity work
The Tiny Gigs fundraiser on June 20 and 21 will include artists such as Tim Burgess, Frank Turner, The Staves and Cloth.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
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
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
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.
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.
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
Trump’s Decision To Withdraw Critical Funding from WHO Could Cost Lives
President Trump’s decision to cut ties with the World Health Organization is a callous act that will undercut the global effort to eradicate COVID-19
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.
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
The cities that could benefit most from the UK’s £500 million EV charging fund
According to new research from Uswitch.com, Stoke-on-Trent, Southend and Birmingham are among the cities that could benefit most from the Government’s £500 million ‘Rapid Charging Fund’.
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 -
Nearly half of Apple retail stores now open globally
Apple has managed to reopen nearly 256 retail stores out of more than 500 worldwide, as it aims to safely restart operations.
Reservation period for special trains increased to 120 days: Indian Railway
The changes will be implemented from May 31 onward, according to Indian Railways
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 […]
Questions on reopening New York's economy baffle businesses
Some upstate New York business owners who made plans to reopen Friday as the state gradually loosens restrictions put in place during the coronavirus crisis remained close amid last-minute confusion o
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.
Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake
There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.
Standard Chartered is seeking a fintech partner to launch a savings product in Kenya
Standard Chartered plans to roll out a savings product for its Kenyan retail customers and is looking to partner with a fintech on the new product.
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
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…
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.
Green light for garden parties, but careful using the bathroom: England releases new guidelines for social gatherings amid lockdown
Prime Minister Boris Johnson announced measures to further ease lockdown in England at a press conference on Thursday.
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.
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
Covid-19: Form special cell for students, HRD Minister tells universities
Ramesh Pokhriyal 'Nishank' said that a task force has been created in UGC and NCERT to resolve the different issues of students
LG Velvet to arrive in Europe soon, expected to launch in June 2020
The LG Velvet is arriving in Europe soon. It was spotted recently on LG’s official Italian website and is expected to launch in June 2020. The device is the latest launch from the South Korean company and is likely to be another attempt at revitalizing its falling smartphone business. LG Velvet is a mid range …
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
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.
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.
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.
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...
CBD businesses hoping that fewer people will keep working from home
Report from RNZ by Ruth Hill While government departments are keeping Wellington staff working at home – some shops and cafes in Wellington’s CBD report trade is down 40 percent.
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.
Amit Shah speaks to CMs before meeting Modi on next phase of lockdown
The central government is expected to announce its decision on the lockdown within the next two days
Trump takes aim at WHO as US economic outlooks worsens
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.
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.
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.
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
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.
'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.
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…
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
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
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
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 ...
Minnesota prosecutor compares George Floyd killing to case of Freddie Gray, saying he 'will not rush to justice' despite calls to charge police
"I'm going to do this right," prosecutor Mike Freeman said. "And those folks who know me in the African community know I will do my very level best."
Exclusive: White House kept FDA in the dark on Russian ventilators for New York and New Jersey
Exclusive: White House kept FDA in the dark on Russian ventilators for New York and New Jersey
Trump attacked Twitter after it restricted his post for 'glorifying violence' and said the company is unfairly targeting him
The president called for Congress to repeal Section 230, which gives web platforms legal protections, as his dispute with Twitter escalated.
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 […]
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,
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.
Nokia Smart TV 43 inch launches in India on 4th June, price to be under 34,000 INR ($450)
The Nokia Smart TV will be launching in India on the 4th of June 2020. The 43 inch model will be available for purchase on Flipkart, a popular Indian e-retailer. While the official prices haven’t been revealed yet, Flipkart has hinted at the price range in which customers can expect to buy it. Previously, Nokia …
Soas to slash budgets and staff as debt crisis worsens in pandemic
Fears of takeover after auditors question whether London-based institution can continue
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.
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.
Cool Ranch Doritos return after consumers lament their 'mysterious' disappearance
Cool Ranch Doritos are re-emerging on store shelves after they 'mysteriously' became scarcer during the pandemic.
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...
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.
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
Ryanair customers could be waiting up to six months for refunds
It will take three to six months for Ryanair to get through the backlog of refunds of cancelled flights.
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.
FKF Elections: Sports Tribunal Summons Stakeholders To Roundtable Meeting
Sports Dispute Tribunal through its chairman John Ohaga has summoned football stakeholders to a virtual roundtable meeting Tuesday next week.The afternoon meeting is aimed at unlocking the Footbal
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.
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.
Supercross returns to racing this weekend in Utah
Supercross followed other sports around the world in shutting down during the coronavirus pandemic.
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.
S.Korea seeks to import anti-viral remdesivir as new coronavirus cases emerge
SEOUL - South Korean health authorities said on Friday they would request imports of Gilead Sciences Inc's anti-viral drug remdesivir to treat COVID-19, as new outbreaks of the disease flare as social distancing restrictions are eased.
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
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
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.
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
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
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Volvo evaluating markets, confirms to drive in XC40 recharge in India
Cars News: NEW DELHI: Volvo Cars India anticipates luxury carmakers to lead the pack once the electric mobility gains momentum here.
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
'Any difficulty and we will assume control but, when the looting starts, the shooting starts': Trump threatens to send in National Guard in response to protests over George Floyd's death
"I can't stand back & watch this happen to a great American City, Minneapolis," the president tweeted, blaming Minneapolis Mayor Jacob Frey.
SpaceX's big launch aims to send NASA astronauts to the International Space Station — a 21-year-old laboratory orbiting 250 miles above the Earth
This will be the first time since 2011 that an American-made spacecraft has launched people from US soil to the space station.
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
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
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.
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
NPSC says parents taking advantage of COVID-19 helplines
CHIEF executive officer of the National Parenting Support Commission (NPSC), Kaysia Kerr,...
Nippon Paint says its new VirusGuard+ paint can destroy human coronaviruses – here’s what it actually does
The world is in the middle of a global pandemic, and for many people, germs and bacteria have become the number one enemy in everyday life.
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...
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.
Nissan tight-lipped about strategy for Africa as it ‘transforms’
After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.
Twitter's ex-CEO stepped up the Silicon Valley beef and attacked Facebook for being a hotbed of anti-vaxxer Bill Gates conspiracy theories
Dick Costolo, who was Twitter CEO from 2010 to 2015, pointed to a recent poll which found 50% of Fox viewers believed a Bill Gates conspiracy theory.
FG to pay jobless youths N20,000 monthly to sweep markets, clear gutters
Eniola Akinkuotu, Abuja In a bid to curb the high rate of unemployment in the country, the Federal Government has rolled out a scheme which will see unemployed youths in rural areas earning N20,...
Hongkongers eye grim future as China approves national security law
Members of Hong Kong's pro-democracy protest movement fear that the new legislation will further tighten Beijing's grip on the state
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.
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).
Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer
India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.
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
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
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.
Nick Offerman is Selling Comedy Specials Online to Benefit America’s Food Fund
Nick Offerman comedy specials are being put up for sale online by the actor/comedian, with proceeds set to benefit America's Food Fund.
Girl, 2, suffers life-threatening injuries after falling 40ft from bedroom window in front of ‘hysterical’ parents
A TODDLER suffered life-threatening injuries after plunging 40ft from her bedroom window in Portsmouth as her horrified neighbours yelled “that’s your baby” to her parents. The tw…
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.
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....
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.
Trump signs an executive order about social media platforms
Days after Twitter added 'fact check' to two of US President Donald Trump tweets, calling them 'potentially misleading', the latter has signed an executive order about social media platforms. The order is aimed at limiting the broad legal protections enjo
Apple still dominates the wearables market in the first quarter of 2020
Apple still dominates the wearables market in the first quarter of 2020. In the Q1 2020, 72.6 million wearable electronic devices were shipped in the world.
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.
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.
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
South Africa’s Covid-19 cases by age
Health Minister Zweli Mkhize has announced that South Africa has recorded a total of 27,403 Covid-19 cases as of 28 May 2020.
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, […]
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.
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%.
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.
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 ...
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
When Anil Kapoor Called Shilpa Shetty The ‘Worst Botox Case In The Industry’
The fact that several actors in Bollywood have gone under the knife is no news. But the fact that Dhadkan actress Shilpa Shetty is one of them may not be known to many. While she has always been ver
Trump's executive order cracking down on 'online censorship' has nothing to do with free speech
The move could scare social media giants away from even modest moderation of disinformation — an outcome that serves Trump's political aims.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.
Strict safety measures in place for staff and shoppers: Supermarkets
Supermarkets and wet markets have emerged as potential hot spots in the effort to curb the spread of Covid-19 as several people who tested positive for the virus over the past week had visited these places for 30 minutes or more, according to the authorities. The Ministry...
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.
Agreements reached: Man Utd, Arsenal stars agree to extend deals with Euro giants
Uncertainty cleared up as seasons set to restart...
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.
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.
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
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
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.
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.
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.
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
New Exec Chair For NZ Dairy Industry Awards
The New Zealand Dairy Industry Awards Executive have chosen Taranaki dairy farmer and NZDIA Alumni Rachel Short as Chair at a recent board meeting, with Paparimu 50/50 sharemilker Amber Carpenter elected as Vice-Chair.
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.
‘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
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.
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
Flour prices raised by Flour Mills Association
The price of a 20 kg bag of flour has been increased by Rs 120
Dana White claims Jon Jones asked for ‘absurd’ money to fight Francis Ngannou; Jones calls him a liar
Dana White is once again at odds with Jon Jones after claiming he asked for an ‘absurd’ amount of money to fight Francis Ngannou and the UFC light heavyweight champion fired back at him.
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
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.
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
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
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 […]
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
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.
PM Imran calls important NCC meeting on May 31
PM Imran Khan calls important NCC meeting on May 31.
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.
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...........
Uber-Grubhub deal hinges on breakup fee after narrowing price gap
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
Morning top 5: COVID-19 latest; Brexit memo; and Women's Aid calls
The two-week quarantine period for people arriving into Ireland from abroad may be lifted for som...
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.
European, South Korean authorities vie for COVID-19 antiviral remdesivir
By Carl O'Donnell and Pushkala Aripaka European and South Korean authorities are vying for Gilead Sciences' potential COVID-19 treatment, remdesivir, even though the drugmaker has yet to gain regulatory approval in either market and is still ramping up production of the anti-viral drug.
Electric motorbike gives women in rural Zimbabwe a path out of poverty
The Hamba is solar-powered and easing the strain of domestic work.
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.
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
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
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
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.
OPPO rolls out ColorOS 7 for its smartphones in India
OPPO, a global smartphone brand, announced the rollout plan of its official version of the ColorOS 7 operating system (based on Android 10) on Thursday for India. Since April, OPPO users have been rec
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
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
Whoopi Goldberg tells Loose Women she thinks pneumonia ordeal was Covid-19
Whoopi was in hospital for a month.
Trump move could scrap or weaken law that protects social media companies
WASHINGTON: President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, ...
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
Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom
The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.
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
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.
Mitron app crosses 5mn downloads despite ambiguity around privacy, security
Growing criticism for TikTok over violent content on the platform paves way for the Mitron app to shot into spotlight as an Indian alternative to the Chinese app
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 ...
NBC News launched a 'Meet the Press' video series with college journalists acting as the press — here's what it covers and how to watch
NBC News is giving college journalists the chance to ask lawmakers about issues impacting communities, campuses, and the future of higher education.
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 ...
Rare Red forest fire warning issued
The forest service has issued a rare Red forest fire warning as high temperatures and dry weather look set to persist into the weekend.
Naagin 4: Was Nia Sharma Fired Because Of Her Pay Package, 'It's True My Work Comes At A Certain Price'
In a recent interview with an online portal, Nia Sharma who was the face of Naagin 4 talked about her exit from the show which has come to an abrupt end
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
Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns
Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and
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
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
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...
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.
What's in the law protecting internet companies - and can Trump change it?
REUTERS: U.S. President Donald Trump is expected to order a review of a federal law known as Section 230, which protects internet companies like ...
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.
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
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.
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 ...
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 ...
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
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
SAINt JHN Capitalizes On His Viral Success With A "Roses" Remix Featuring Future
SAINt JHN grabs Future to remix one of his songs that recently blew up on TikTok. Out of nowhere, SAINt JHN went viral this year after a remix of 'Roses' blew up on TikTok. The song, which was originally released four years ago, is currently being revived. Since its release, the Guyanese-American ra...
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.
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
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.
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.
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.
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.
CBA: Huge fiscal stimulus props up household income
Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:
German union accuses Volkswagen of 'management errors' that put jobs at risks
Germany's biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other "errors", saying management had ...
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
Calm before the storm for Japan suicides as coronavirus ravages economy
TOKYO (Reuters) - 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.
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.
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
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.
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
Employer must submit paperwork before woman can get unemployment benefits
Some workers who filed unemployment claims are waiting on their employers to fill out necessary paperwork before they can get benefits.
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. […]
Give us today our daily bread
People in Delhi come together to provide meals to hungry migrant workers and others
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.
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.
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...
Australia's New South Wales state warns of Covid-19 budget toll
SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...
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
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
Trump’s Executive Order Targeting Twitter Adds To The Growing Calls To Fundamentally Change The Internet
Though Twitter was the immediate target of Trump’s Order, the declaration adds to the growing chorus to change the critical law that has long provided a legal shield to Internet companies: Section 230 of the 1996 Communications Decency Act.
‘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.
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
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...
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.
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.
Labradorable! Giant litter of 14 black and gold puppies is thought to be England's largest set of Labrador siblings yet
The arrival of so many pups was unexpected as their mother Bella, a six-year-old black labrador, has had three previous litters of between six and eight.
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
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.
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
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it, and Chase Sapphire reward points can now be redeemed for groceries and takeout
Friday’s top personal finance stories
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.
Customs and Border Protection flew a Predator B drone over Minneapolis as protests rocked the city
The drone flight came amid intense protests in Minneapolis following the death of a black man after a police officer knelt on his neck.
Toyota now offers fully online car buying service
Buyers can build and pay for a new car online, even arranging a finance package.
Contact made: Arsenal step up interest in prolific forward amid doubts over key duo
Gunners could have major void to fill...
Uber launches hourly ride booking option in some US cities
Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential ...
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.
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 […]
Trump cruises on caps lock to claim mail-in voting will 'LEAD TO THE END' for Republicans
Despite the Trump administration's alarming characterization of voter and mail-in voting fraud, real-life cases have been scant.
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 […]
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.
Station Casinos extends pay for workers through Wednesday
Station Casinos is extending regular pay and benefits for all full-time team members through Wednesday, one day before it will reopen select properties.
Trump has one of his most authoritarian weeks yet as president as the US surpassed 100,000 coronavirus deaths
In free, democratic societies, it's not normal for leaders to threaten deadly violence against their citizens in any context.
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.
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.
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.
Trump says he will revoke Hong Kong’s special trade status
In a rebuke to China and its encroachment on Hong Kong, Trump could dramatically change the relationship with the territory.
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
The number of coronavirus tests done in every province in South Africa
New data presented by the National Health Laboratory Service (NHLS) reveals how many Covid-19 tests have been conducted in South Africa across all provinces to date.
ITC Hotels partners with Swiggy for home delivery
Home delivery service will be available for properties including ITC Maurya, ITC Royal Bengal, ITC Grand Chola, ITC Gardenia and ITC Windsor among others…
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.
You can now get a delivery even if supermarkets have no slots free
The service allows you to get someone else to do your shopping and bring it to your house
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
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.
In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
With many countries easing lockdown restrictions, the debate on Herd Immunity has gained traction. What is Herd Immunity and is it achievable, here is all you need to know:
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
Cigarette ban threatens to bankrupt companies
The ban on the sale of cigarettes is one of the most controversial regulations in place as part of South Africa’s COVID-19 lockdown.
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.
Dana White on UFSEA trademark: Thanks John Oliver, but ‘I’m not giving you a cut!’
Dana White spoke about the UFSEA trademark.
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.
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
Dramatic photos show fire tearing through 200 tonnes of paper at industrial estate in Wigan
The smouldering paper sent smoke billowing into the air
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.
LG Velvet Europe release set for June 2020 with the US to follow closely behind
The LG Velvet Europe release is imminent with the US to follow close behind if reports are to be believed.
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 ...
Madras High Court notice to Franklin Templeton, SEBI
PIL filed against closure of 6 schemes
Lockdown in India: Seriously ill, pregnant women must avoid train travel
Piyush Goyal tweeted, "I appeal to people suffering from serious ailments, pregnant women & those above 65 years & below 10 years of age to travel only when necessary
Pending vehicle registrations from pre-lockdown time continue
‘Only negligible vehicle sales happen now’
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
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
Monkeys steal coronavirus test samples at Meerut Medical College; create panic
Doctors collected the samples from the patients again but the incident has sparked fear in the area as the samples believed to be of coronavirus patients are still with the monkeys
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 ...
New survey data reveals that nearly half of patients are forgoing care amid the pandemic
A Kaiser Family Foundation poll revealed that 48% of US patients have either deferred or skipped medical care as a result of the pandemic.
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
GoFundMe created for George Floyd memorial raises more than $2M in 48 hours
A GoFundMe account created to raise funds for the memorial of George Floyd, the black man who died after a white Minneapolis police officer forcefully kneeled on his neck during his arrest on Monday, has
State gaming win down 99.6% in April with coronavirus closures
Clark County win was down 99.5 percent from a year ago with the only win coming from scattered bets from companies with sports betting apps and online poker.
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 […]
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
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 […]
UL agrees to refund student accommodation costs
The University of Limerick has announced that rent paid by students who then had to vacate their student accommodation because of the Covid-19 health crisis, will be refunded to them.
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
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 . . .
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.
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.
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.
Mamata Banerjee announces relaxations from June 1
West Bengal Chief Minister Mamata Banerjee announced a series of relaxations from June on Friday, while claiming that the number of coronavirus cases is increasing in the state due to the massive infl
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,...
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”.
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.
Twitter labels Trump tweet as ‘glorifying violence’
Twitter Inc. on Friday labeled a tweet of President Donald Trump’s as having “glorified violence,” just hours after he signed an executive order threatening...
Former Triguboff lawyer claims he was sacked for refusing to lie
A lawyer suing billionaire Sydney property developer Harry Triguboff alleges he was sacked from his prestigious job for refusing to lie in an affidavit.
Tencent in talks to buy Warner Music stake: report
The listing by the world’s third-largest recording label could potentially be the largest New York IPO so far in 2020.
Minister to join in chamber event
Minister for International Trade Greg Hands will be taking part in a Black Country Chamber of Commerce online Zoom event on Friday, June 5.
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
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
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.
Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs
Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.
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).
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 ...
Germany's Merkel rejects Trump invite to attend G7 summit in Washington- Politico
German Chancellor Angela Merkel has refused to accept U.S. President Donald Trump’s invitation to attend an envisaged summit of the Group of Seven (G7) in the United States, Politico reported on Friday.
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.
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 ...
GoodChips expands certification to global market with Azwood Energy
A leading energy supplier within New Zealand is enabling GoodChips® to grow its international base.
Equities drop as Trump lines up China response
HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...
‘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.
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
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.
Bannon: World must stop China in Hong Kong
Via The Wire comes Steve Bannon:
Airline success is not just about profitability
It's about delivering on shareholder objectives.
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.
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...
Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses
While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2029 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
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.
The Justice Department has opened an investigation into the killing of George Floyd
Attorney General William Barr called video footage of Floyd's death "harrowing to watch and deeply disturbing."
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...
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.
Bullring and Grand Central back to full opening on June 15
Birmingham city centre's Bullring and Grand Central has announced that it will officially re-open on 15 June, in line with the latest guidance from the Government.
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.
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.
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.
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.
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
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
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 ...
United Airlines cutting 13 top jobs under fresh restructuring
United Airlines cutting 13 top jobs under fresh restructuring
CannTrust plans to restart Niagara greenhouse after Health Canada reinstates licence
The cannabis company says it cannot say when its products will be available in the market as that depends on a Health Canada decision regarding its manufacturing facility in Vaughan, Ont.
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%
House pushes back schedule to pass spending bills
The House is pushing back its June target date for passing 12 appropriations bills and is setting up July as a new deadline.House Majority Leader Steny Hoyer (D-Md.) signaled the change in a Friday
Report: Dodgers P Price gives $1K apiece to team's minor leaguers
Los Angeles Dodgers pitcher David Price will gift $1,000 to each of the players in the team’s minor-league system, MLB writer Francys Romero reported.
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
Twitter responds to Trump executive order on social media calling it a 'reactionary and politicized approach to a landmark law'
Twitter wrote that any attempts to unilaterally erode Section 230 threatens "the future of online speech and Internet freedoms."
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.
PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions
California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.
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
Inside Katie Price's 42nd birthday as all five kids join her for party games and cake
Katie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
Double swoop: AC Milan set sights on defensive duo amid talk of €75m+ transfer budget
Further spending will have to be financed by sales...
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.
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.
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
Working hours for commercial activities from 7am to 1pm from Sunday
The Ministry of Commerce and Industry (MoCI) said yesterday in a circular that work hours for commercial and service activities in Qatar will be from 7 am to 1 pm from Sunday. The steps are taken within the framework of the preventive and precautionary measures taken in Qatar to contain the COVID-19 outbreak and in line with previous decisions and procedures.
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.
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.
Bengal to reopen places of worship Monday as CM eases lockdown
She also announced restarting of private and public sector offices with full attendance from June 8
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 […]
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.
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
Tesla Ready For Import/Export, Taking The BEV Beyond Transport
Report that Tesla has (almost) implemented the ability for two-way electricity flows in their BEVs with hardware already largely implemented in the Model 3. Tes
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.
Nearly 1 million people now applying for unemployment benefits in North Carolina
The North Carolina Department of Commerce continues to update its statistics regarding unemployment claims filed during the coronavirus pandemic.
Parents accused of torturing daughter, 3, after going on Russia’s answer to Jeremy Kyle to blame sibling for bruises
PARENTS are accused of torturing their three-year-old daughter after shocking images emerged of their her eyes completely black. The girl’s parents are being investigated after they appeared on a …
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.
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
White House Director of Social Media Dan Scavino says Twitter is 'full of s***' after company flags Trump's tweet for 'glorifying violence'
Scavino's tweet came after Twitter flagged a message from Trump saying "when the looting starts, the shooting starts" as violating the platform's rules.
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.
Outclassed: Online classes remain out of bounds for most students in rural India
Online education may have its takers in urban schools, but has pushed students and teachers in rural India deeper into the margins
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.
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
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
The White House's official Twitter account reposted Trump's tweet that was flagged for 'glorifying violence'
After Twitter flagged a tweet from President Trump saying it was "glorifying violence," the White House tweeted it again shortly after 8 am.
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.
Goldray release video for new single How Do You Know
Proggy psych duo Goldray will release second album Feel The Change in July
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
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
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.
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 ...
White House Punts Economic Update in Election Year
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.
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.
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
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.
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
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
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
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.
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
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
Indian Railways News: Demand For Shramik Specials Going Down But Trains Will Continue, Says Chairman
Indian Railways Latest News: West Bengal Chief Minister Mamata Banerjee is blaming the Railways for the increased number of coronavirus cases in the state. On Friday, Mamata said the Railways is running Corona Express.
The UK is cracking down on sales of fraudulent ‘anti-5G’ USB sticks
Police in the UK are attempting to stop the sale of a £283 USB key that claims to protect against the supposed dangers of 5G spectrum.
Chelsea hesitant about Timo Werner’s price: Pickiness or stinginess
The Timo Werner saga continues with Chelsea and other English clubs unwilling to match his buyout. Is that pickiness or stinginess on the club's side? Timo...
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".
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…
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.
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
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.
Record rise in unemployment casts a shadow over Trump’s re-election bid
If Americans vote their pocketbooks this November, it could be the end of Donald Trump’s short political career.
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 […]
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
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 […]
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
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 […]
JOHN HUMPHRYS: End these degrees of greed. As even the richest universities plead for Covid cash, it's an outrage many offer only debt and disappointment in return
JOHN HUMPHRYS: What they so often deliver is debt and disappointment. Something has gone horribly wrong in the past couple of decades and it's time to put it right.
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.
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.
Tommy Fury under fire for buying Molly-Mae Hague's puppy from Russia for her birthday
Fans couldn't believe the lengths the Manchester boxer went to in order to surprise his other half on her 21st
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.
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.
Wizards' Bradley Beal says trade rumors 'a sign of respect'
Even in the middle of a pandemic, when nobody is playing, Bradley Beal's name still emerged in trade rumors. The New York Daily News last week reported that the Nets have had "internal discussions" about pursuing the 26-year-old Wizards guard.
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.
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
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
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
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.
Sen. Ted Cruz demands a federal investigation into Twitter, claiming it's violating US sanctions against Iran by letting the country's leaders have accounts
Cruz alleges Twitter is in violation of US sanctions against Iran by allowing two state leaders to run accounts on the platform.
Wizards' Bradley Beal says trade rumors 'a sign of respect'
Even in the middle of a pandemic, when nobody is playing, Bradley Beal's name still emerged in trade rumors. The New York Daily News last week reported that the Nets have had "internal discussions" about pursuing the 26-year-old Wizards guard.
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 ...
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.
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.
Lady Gaga Reveals ‘Everyone Freaked Out’ After She Wore Priceless Jewels To Taco Bell After The Oscars
Lady Gaga accidentally left the Oscars wearing priceless jewels. The singer appears on Friday's "Graham Norton Show", where she tells the host how she'd been drinking a lot of champagne before first heading to Madonna's house and then to Taco Bell after the ceremony, all while wearing the Tiffany diamond. She says of last year's…
UP CM Adityanath asks officials get ready to deal with locust attacks
The local residents and farmers have been enlightened on the subject, while the village level committees and bodies have been mobilised to make a coordinated effort against the threat
Xiaomi Mi series laptops won't be cheap in India, will target power users and gamers
Xiaomi has hinted its upcoming laptops won't be targeting the affordable segment. The Mi branded laptops will target power users and gaming laptops.
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 […]
Trump signs executive order on social media cos
Order calls for new regulations on companies’ liability
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.
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.
If Trump kicks out Twitter, there's always Germany
If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.
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.
Here’s what R120 million buys you – now that real estate can operate at level 3
The real estate industry will resume operations under level 3 lockdown on Monday, 1 June.
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 […]
Recording Academy Releases Safety Recommendations for Studios Looking to Reopen
The Recording Academy’s Producers & Engineers Wing has released a list of safety considerations for studio owners as they weigh reopening.
Experts fear explosion of coronavirus cases if rules ignored once economy restarts
Bangladesh will face a sharp increase in COVID-19 cases and deaths if it reopens economy without fully implementing the safeguards, experts warn.
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.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
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.. . .
Fast-track construction of S.African hospital in response to COVID-19
In South Africa, the construction of a R3 billion hospital, originally scheduled for completion by November, has been fast-tracked to open by June.
Bearded dragon found in supermarket car park
Shoppers were surprised to see the lizard after it stationed itself outside a Lidl store in Cardiff
Euro Fight Flashback: Fabian Edwards’ upkicks lead to KO at Bellator Birmingham
The middleweight prospect gave his hometown crowd something to shout about when he delivered one of his most memorable finishes to date.
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
Sun Pharma to test two drugs for treatment of Covid-19, stock up 3.5%
At present there are three clinical trials underway to test nafamostat in Covid19 patients around the world
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
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 […]
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.
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.
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.
Madison Beer Apologizes For ‘Poor Timing’ Of Plastic Surgery Rant, Raises Money For George Floyd Causes
Madison Beer is speaking out after being hit by backlash over an emotional video she shared about a controversial subject. On Thursday, Beer took to Twitter to defend a TikTok video defending herself against claims that she underwent plastic surgery, becoming emotional when she insisted that "this is literally my f**king natural face... I'm about…
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..
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
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
Jon Jones asks for UFC release following Dana White’s comments about ‘Deontay Wilder money’
Jon Jones is ready to cut ties with UFC after Dana White stated the champ wanted close to $30 million to fight Francis Ngannou.
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.
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
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
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.
Trump is going to war with social media companies like Facebook and Twitter. Here's everything that's happened so far.
Trump has threatened to shut down or heavily regulate social media sites this week. This is why.
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it
Other borrowers say their paychecks are being garnished during the coronavirus outbreak, even though the CARES Act was supposed to prohibit the practice.
DMK moves SC for implementation of 50% OBC quota in Tamil Nadu's share of All India Medical seats
The party said its plea is directed against the Respondents (Centre, Medical Council of India (MCI) and Tamil Nadu government) denying the implementation of 50 percent OBC policy of the state, other than in central government institutions.
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
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 […]
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
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
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
States might turn to legalized gambling with budgets rocked by coronavirus
The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the US as states deal with huge budget deficits and look for new tax revenue wherever they can
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.
Nissan Kicks Has More Power Than Skoda Karoq For Half Its Price
The Kicks is powered by a Mercedes-Benz derived 1.3-litre turbocharged petrol engine developing 156 PS maximum power and 254 Nm torque
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 […]
'No conversation between PM Modi, Trump on India-China standoff,' say govt officials
India-China border tension: US President Donald Trump had said that he spoke with PM Modi about the conflict and said that the Prime Minister was not in a good mood
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...
Tesla's EV Market Share Is Low And Falling
What have you, the investor, assumed for Tesla’s EV market share? Both globally, and in Europe? You are about to find out the real numbers. Investors who are sh
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.
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
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
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
Odisha supercyclone and Amphan: Nights of the storm
Cyclone Amphan revives dark memories of a violent cyclone that battered Odisha a little more than 20 years ago
Twin depression alert in Arabian Sea as monsoon draws closer
Low-pressure areas at both ends seen intensifying
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
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.
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
Federations To Receive Kshs20 Million COVID-19 Support Fund From Caf
Caf has approved Kshs 1.1billion Coronavirus pandemic support fund to be distributed to its member associations.Each of the 54 members of Caf, the Africa's football body, including the Football Ke
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.
Fan Bingbing Returns to Television Two Years After Her Tax-Evasion Scandal
Chinese actress Fan Bingbing’s television show “Win the World” will finally air on streaming service Youku after being halted due to the scandal.
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
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
‘Luminaire of the Future’ aims to revolutionise the European lighting industry
Wilfred Pohl explains how the customisable and sustainable ‘Luminaire of the Future’ aims to revolutionise European lighting in the workplace
Lagos supports 2,204 businesses in one year to reduce unemployment
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
Federal grant to help UArizona telehealth resource center assist communities
The Southwest center is one of 13 such centers around the country that provide help particularly for rural and underserved communities.
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...
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
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.
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).
The Great Bears do the bear market rally
Cross-posted from ZeroHedge is a fabulous post gathering together the world’s great bears.
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 ...
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...
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
Covid-19: Childcare criteria to include parents who need it for work from June 29th
Children will be grouped into ‘pods’ of between six and 12 when sector reopens
Online poker betting hits a record high during the pandemic
The online poker industry is booming, but can it make up for what casinos are losing?
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.
Sacked lawyer sues billionaire Harry Triguboff
Meriton Property Services' former general counsel Joseph Callaghan is suing the company as well as its owner over his dismissal.
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...
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.
Taylor Swift slams Trump for 'stoking the fires of white supremacy' and vows to help vote him out in November
Swift's uncharacteristically strong statement came in response to a tweet from Trump stating "when the looting starts, the shooting starts."
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 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.
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
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.
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
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
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
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
TikTok's rating improves amid growing criticism over 'violent content'
While the TikTok rating has improved, the app continues to face criticism for the content that appears on its platform
Donald Trump to revoke Hong Kong trade privileges in China escalation
President also says US will withdraw from World Health Organization over pandemic response
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.
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
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.
Federer tops highest-earning athlete list at more than $100M
Roger Federer leads the annual Forbes ranking of highest-paid athletes with what the magazine says is $106.3 million in total earnings.
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
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
5 important things happening in South Africa today
If you get mingled up in the criminality of illegal cigarettes, the law must take its course, says Dlamini-Zuma; the Eastern Cape is facing a massive coronovirus problem; and the tourism industry is on its knees, lobbying government to open up at level 3.
IDC: Hearables market sees growth, but smartwatch sales decline in Q1 2020
The first quarter of 2020 had the wearables market see a significant growth despite the ongoing Coronavirus pandemic. According to an IDC report, the hearables market has seen impressive growth during this time of crisis, while smartwatches and fitness trackers have seen a decline in sales. The hearables category includes all the headphones, earphones earbuds, …
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.
SoftBank leads US$500 million fundraising for Didi's self-driving unit
China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...
IRCTC Latest News: TTEs Won't Wear Black Coats, Ties, Will Check Tickets Through Magnifying Glass
IRCTC Latest News: For the first time ever in its history of 167 years, the ticket checkers will not wear black coats and ties.
'Bering Sea Gold': Kris Kelly's Rookie Freaks the Hell Out on Her Maiden Dive (Exclusive Video)
The Fightin' Kellys have a new rookie diver but the latest "Bering Sea Gold" relationship may already be swimming with the fishes
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200
Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.
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.
CMC makes ‘anti-Covid divider’ for PUVs
Centro Manufacturing Corp., a truck body builder, is now producing dividers for public utility vehicles to help prevent the spread of the coronavirus disease 2019 in public transportation.
Los Angeles union, joined by 'Pandemic Pig', demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on ...
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
29,240 confirmed coronavirus cases in South Africa as deaths climb to 611
Health minister Dr Zweli Mkhize has announced that there are now 29,240 confirmed cases of coronavirus in South Africa.
South Africa should delay reopening of schools: Human Rights Commission
The South African Human Rights Commission (SAHRC) has written to minister of Basic Education Angie Motshekga recommending that she reconsider the return of students to schools from 1 June.
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
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.
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
Let’s speed up digital change at banks
There is space available for digital-enabled SME-focused entities to make headway
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
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
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
Concern over worker safety grows
As employers fail to comply with Covid-19 regulations. From June 1 most of South Africa's industries can return to full operation.
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
EPA orders Merck to address persistent problem of bad odours from east Cork plant
The State environmental watchdog has instructed a leading medical science and technology firm to take “significant action” to address the persistent problem of bad odours coming from its plant in east Cork.
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.
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
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...
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
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.
Getting New Zealand Open For Business
“New Zealand is open for business, support local, back your backyard.”
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
CBI launches probe against Maulana Saad in foreign funding matter
CBI is probing matters related to foreign funding and alleged Hawala links against Saad.
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...
Buy the Post-Earnings Dip in Canopy Growth Stock Now
Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.
Children's Day: NOA-FCT, BPW urge leaders to provide specialised learning aids for children living with disabilities
The National Orientation Agency, FCT directorate, has called for the provision of specialised learning aids for children living with disabilities in Nigeria.
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
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
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
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.