Economy 1103
How Your Kid’s (Or Kids’) School Can Go Solar
With solar being a popular choice for those looking to save on their energy costs, it's no surprise that schools are taking advantage of it as well. Furthermore, many more schools could save money by going solar. [caption id=
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
What India must do to increase its competitiveness
Time-bound reforms would have a significant impact on competitiveness
Big companies to get bigger after Covid: BofA Securities
The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
Demand for housing sector will come back in medium term, says HDFC CEO Keki Mistry
Now, historically, whenever there has been any kind of stress in the market, NPLs tend to go up in short term, but once the stress get alleviated, NPLs come down to the normal levels.
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
How India can push its dairy cart ahead
The future of dairy in India hinges on modernising infrastructure, and giving the sector a technological face-lift
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Tesla to cut car prices in North America, China
The price cut comes as states after lockdowns during which demand for cars waned.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care
Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
Glenmark gets USFDA nod to market generic drug for muscle pain
Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
Coronavirus impact: Punjab seeks Rs 51,102 crore fiscal stimulus from Centre
A draft memorandum to this effect was approved on Wednesday by the Council of Ministers at a meeting chaired by Chief Minister Amarinder Singh, an official statement said.
Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore
Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.
KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore
Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately
Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio
Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
Boeing slashes 12,000 jobs as coronavirus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
Tesla cuts prices by as much as 6% in North America to boost demand
Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
Tech selloff weighs on S&P 500, Nasdaq
Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
Govt may launch coal blocks auction process under commercial mining on June 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%
Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.
World economic prospects darken, rebound delayed: Poll
With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area
Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
ANALYSIS: Vegan boom is heading for a meat-fuelled bust
Vegan companies were struggling with increasing costs even before the coronavirus pandemic.
Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
MediaWorks staff to hear details of proposed redundancies
The radio arm of MediaWorks is meeting with staff today about proposed redundancies. On Monday it announced 130 jobs in its sales and radio...
TikTok owner made over R52 billion net profit last year – Report
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
Iceland cuts food waste 23% in two years as it commits to a 50% cut by 2030
A year after the Department for Environment, Food and Rural Affairs in the UK called on businesses to ‘step up to the plate’ and drive forward plans to cut food waste, the supermarket Iceland has announced food waste reductions of almost 2,500 tonnes, a decrease of 23.2% over the last two years, in its first public food waste report.
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
World economic prospects darken, rebound delayed – Poll
BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
She is the World’s highest paid woman CEO
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company’s stock during her five years as CEO.
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery
Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees.
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
How China’s tensions could be good for Hong Kong’s stock exchange
Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
Lufthansa says 'unable to approve' coronavirus rescue over EU conditions
Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.
France unveils stimulus plan worth €8 billion for car industry
The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
United reshuffles management as it prepares for uncertain recovery
United reshuffles management as it prepares for uncertain recovery
S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags
Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
S&P 500 rises on boost from bank shares
S&P 500 rises on boost from bank shares
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
West Midlands has big fintech opportunity
The West Midlands has the potential to become a major UK fintech hub if it takes an integrated approach to maximising its advantages, according to a report.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
7 Ways Credit Cards Can Help Grow Your Business
A business credit card isn’t just something you need to help separate your personal and company expenditures. When used properly, credit cards are tools that can help you build your business and, more importantly, improve your bottom line.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position
COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?
As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens
The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?
The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...
Playing Defense With Cloud Software Stocks
Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.
Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million
Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
The $20 billion self-driving startup Cruise is adding to its leadership team even as autonomous-vehicle companies are hitting the brakes during the pandemic
Regina Dugan, a veteran of DARPA, Google, and Facebook will be Cruise's first independent director on the company's board.
Used cars: Leasing companies will have to ‘work harder’
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump
Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
JP Morgan to deploy Calastone tech for automated settlement
JP Morgan has signed a partnership agreement with Calastone which will see it deploy the latter’s technology to enhance its settlements processes.
Unibank completes processing stage of TranzAxis migration
Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.
Hyundai Capital America goes live with Sopra’s Cassiopae
Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.
Connect First Credit Union appoints former ATB exec as new COO
Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.
UBS to set up fintech venture fund to speed up its digitisation
UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to finance start-ups which are disrupting the banking industry.
Morgan Stanley Tip Westfield Malls Best Set To Recover
Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.
VTA’s suggestion to MSME Minister Gadkari on GECL
Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]
How South Korea made itself a global innovation leader
Systemic reform backed by strong investment has brought rapid and long-lasting results.
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020
Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.
G20 finance projects give $77 bn a year to fossil fuels: watchdog
Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
Bharti Telecom sells 2.75% stake in Airtel
Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore
India facing its worst recession in current fiscal: Crisil
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday
Gofrugal helping small retailers go digital
As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers
Hyderabad-based firm develops Favipiravir bulk drug
Hyderabad-based Raghava Life Sciences (RLS) said it has developed Favipiravir bulk drug (active pharmaceutical ingredient).
Patanjali to raise Rs 250 cr through debentures
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.
COVID-19 to accelerate digital adoption in India
COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
Why good credit matters — even if you don’t plan to borrow
Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.
Wyndham welcomes 11 new-build US properties in first quarter
Over 25 new-build hotels were also signed over the same period, and another ten began construction…
Airline debt could rise to US$550 billion by year-end: IATA
IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…
Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more
Here are the top 10 business headlines on Wednesday morning
Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor
The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities
SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
Japara flags major impairment,says conditions are tough
The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
NZ facing worst downturn in 160 years: central bank
If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Why quant legend says it's 26 days to a new normal
A new measure of how long investors see the COVID crisis lasting from quant legend Dan diBartolomeo neatly tells the story of growing optimism.
France unveils US$8.8b plan to revive auto sector through electric cars
ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
N.L. warns of exodus of oil and gas industry without more federal help
ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
Amazon in advanced talks to buy self-driving startup Zoox: WSJ
(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.
Amtrak requests additional $1.5B in federal funding for coronavirus relief
May 26 (UPI) -- Passenger railroad service Amtrak on Tuesday asked Congress for an additional $1.5 billion in federal funds to help it maintain operations amid the effects of the COVID-19 pandemic.
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.
Bihar, UP outperform most states, Maharashtra tops with 15.26 lakh MSME registrations
As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka
Top Stock Reports for Alphabet, Visa & Bank of America
Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
Japan eyes fresh US$1.1t stimulus to combat pandemic pain
TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom
Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now
This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
Australian construction work fell in Q1
The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
My Top New England Bank Pick For The 2020s
Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont
China’s Meal Delivery Service Meituan Now Valued At $100B
Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
EU to unveil massive stimulus plan for post-coronavirus recovery
The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings
Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.
Checkout.com buys Perth-based Pin Payments
Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
Pratt: tap super to fuel a manufacturing recovery
Corporate leaders including the Visy boss say exploiting competitive advantages is the key to reviving manufacturing that could lead Australia out of the coronavirus downturn.
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Vertex Energy's Transformation Continues
Vertex Energy began migrating its end-products toward higher-margin markets in 2018 - higher-purity base oils and IMO 2020-compliant marine fuel. The company re
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure
Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr
Performance Kia Promotes Special offers on New Kia Sportage Models
MOOSIC, Pa., May 26, 2020 /PRNewswire-PRWeb/ -- The Performance Kia dealership in Moosic, Pennsylvania sells sedans, hatchbacks and SUVs. Among SU...
German ECB executive shrugs off court ruling against bond buying
Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank
Cancelled Hopes
As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business
Food in a Tinderbox
The restaurant industry is close to irreparable damage. Can it be saved?
In a Tight Corner
States finally have headroom to borrow more from the market. But there's a cost to it
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Covid-proof Equity MF
The disruption across sectors demands a review of your equity mutual fund schemes
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
Tesla to cut car prices in North America, China
BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
EUR/USD: Extra gains expected above 1.1020 – UOB
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Management One Taps Michael Alic for President Role
Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Covid-19: China’s industrial firms profits fall in April but at slower pace
Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.
Global energy spending to fall $400bn due to coronavirus crisis
IEA says investments in low-carbon technologies falling far short of climate goals
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
Business will be the loser in the US-China fight
Both nations are indispensable, so companies face a two-track world
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
Virus sparks record drop in energy investment – IEA
The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
Ireland could see 'repeated lockdowns and wide financial distress' during three-year recession
The virus may see our national debt soar by 60%
Asian shares slip as new Hong Kong tensions rise
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
Lew jnr to bolster his group with MyHouse acquisition
It could almost be time to head to the clearing house.
Construction at lowest level since 2010
While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.
IEA: Covid-19 crisis causing biggest fall in global energy investment in history
In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in
Gold Futures: Downside seen shallow
Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on
Covid-19 fallout: Lower capex by states to weigh on EPC sector
As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector
Singapore fintech firm secures $17M to build out platform | ZDNet
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead
Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak
TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
Over $500m to help digital transformation of companies
More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
Fortitude Budget: More incentives to support employers to hire workers
The Government will ramp up hiring incentives to employers to support them in hiring workers who have gone through eligible traineeship and training schemes, Deputy Prime Minister Heng Swee Keat said yesterday. For one, the hiring incentive that was first introduced under...
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Oil slips on demand worries, Hong Kong tensions
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.
Kentik raises $23.5M for its network intelligence platform
Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
Crisis causes a rethink on CBD office space
Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,
What's behind the bank rally
The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
FX Weekly: Calling For Chinese Help
The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia
Regional Manufacturing Indexes Begin Long Road Back In May
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
Pandemic slows electric vehicle revolution due to lithium battery shortage
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of lithium into survival mode with output cuts.
Jewellery manufacturers call for opening of showrooms in Coimbatore
In a memorandum submitted to the Collector, the Coimbatore Jewellery Manufacturers Association said that while the small jewellery shops are open, the bigger showrooms remain shut
Majority of US small businesses optimistic in face of coronavirus pandemic, study says
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.
PBOC injects $16.8 billion via reverse repos, keeps rate unchanged
With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
Chang Wah to double QFN leadframe capacity in 2020
Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.
Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings
The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown
Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
This Pidilite Industries-promoted stock has rallied over 100% in one month
Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis
On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
NSW to kick-start renewable energy investment
NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.
TN inks mega investment pacts worth Rs 15,000 crore
Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →
AUD/USD trades with modest losses, just below mid-0.6600s
The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
JP Morgan's chief economist optimistic about Taiwan's growth
Global investment bank forecasts Taiwan will have better financial rebound than most of world
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
Austria’s efforts to accelerate its clean energy transition
Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union. To meet this ambitious deadline, the Austrian government will need to significantly step up decarbonisation efforts across all parts of its energy sector, the International Energy Agency said today in its […]
EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank
EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
Alibaba Records Only 9% Lower Profit Than Amazon But Trails By 4x In Revenue
Data gathered by Learnbonds.com shows that Chinese internet company Alibaba registered 9.3% lower profits compared to United States’ Amazon. The data further shows that there is a significant gap in revenues between the two companies by at least four times for the financial year ending March 31, 2020.
OECD GDP Falls By 1.8% In The First Quarter Of 2020
Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
BMO profits slide
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Sony Is Planning a PS5 Conference For As Early As Next Week
Sony is planning a digital event to showcase games for its next-generation PlayStation 5 that may take place as early as next week, according to people with direct knowledge of the matter. Bloomberg reports: The virtual event could be held June 3, though some people also cautioned that plans have b...
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
Largan sells China plant
Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Virgin Atlantic suitors narrow with clock ticking on rescue
Ailing airline in need of emergency funding.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
Ola Electric buys Dutch scooter company Etergo valued at $92 million
Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake
The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
Renault and Nissan deepen cooperation in bid for survival
TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
Regional mining equipment, technology, service companies targeted with innovation accelerator program
"When those mines in Victoria expand, it means they can get in there getting those business opportunities."
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
GBP/USD: At 1.38 by year-end in the best scenario – UBS
The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...
Shoaib Akhtar Lashes Out At ICC, Strongly Believes Apex Cricket Body "Successfully Finished" Cricket In Last 10 Years
Akhtar levied sharp in his criticism on the ICC after Manjrekar asked for his opinion on a growing trend that fast bowlers are going a bit slow in limited overs games, especially T20s.
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
Why Technology Is Proving Surprisingly Defensive
In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite
World economic prospects darken, rebound delayed: Reuters poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Holcim restarts Luzon, Davao operations
Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.
55 Covid-related goods makers keen on investing in PH
Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.
$400-M ADB loan to fund PH capital market dev’t
The Asian Development Bank has approved a $400-million policy-based loan to support the government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.
Coronavirus company news summary – South Africa faces production hit – Poland faces outbreak among miners – Lithium producers struggle with demand slump
27 May The Minerals Council South Africa has warned that mining production in the country is likely to fall by...Read More...
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020
The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.
Outdoor spaces and improved transport options - how a new east Manchester arena could lead on sustainability as well as boosting the economy
OVG aim to make the proposed new east Manchester arena the most sustainable in the UK
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
A gateway to transport and energy research: The Innovation and Networks Executive Agency
D Beckers, Director, Innovation and Networks Executive Agency, charts the important work of the organisation in supporting transport and energy research
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
Gold prices hit 2-week low on reopening optimism
US gold futures were down 0.5 per cent to $1,697.60.
Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs
The nationwide lockdown announced from March 25 brought the entire economy to a standstill .
CATL explores new EV battery services, to add capacity: chairman
BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.
T-Mobile leads modest growth in Dutch broadband subscribers in Q1, KPN losses continue
A year after launching a major expansion in its fibre footprint, KPN has yet to restore growth in its broadband business. The latest data from Telecompaper shows the incumbent lost another 17,000 broadband subscribers in the first quarter of 2020, while rival VodafoneZiggo added nearly 10,000 new connections. T-Mobile was again the biggest winner, adding the most new broadband subscribers in Q1.
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital
The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends
India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report
Tesla cuts car prices by up to $5,000
Its prices in China are also being reduced.
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
Volkswagen in final talks to seal top M&A deal in China EV sector: Report
The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan
Gold prices hit two-week low on optimism around reopening of economies
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases
The state has expedited infra projects to boost economy, create jobs in hinterland
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
Oppo pushes its Chip development ambitions as US ban hits Huawei
The popular Chinese smartphone vendor, Oppo, is pushing forward with its efforts to design its proprietary mobile chipsets. It had initially begun focus on chip development back in 2019 when Huawei was hit with the trade ban. Now, the company is aggressively pushing for the self-made chips after recent sanctions have effectively cutoff Huawei’s chip …
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes
The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.
Oppo doubles down on mobile chip manufacturing efforts
Oppo, one of China's biggest smartphone manufacturers, is planning to invest more into in-house chip development.
Lagarde: It’s even worse than we thought
ECB president supports more public spending as milder economic predictions are ‘out of date.’
Singrobo hydropower project to deliver electricity under a 35-year PPA
Power company Themis Group announced it has issued a Full Notice to Proceed with construction of the 44MW Singrobo Hydropower Project, in Ivory Coast.
Op-Ed: Challenges faced by early-stage clean energy companies
Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler next year
Ola Electric Mobility (OEM) on Wednesday said it has acquired Amsterdam-based Etergo BV, a move that will help the Indian firm foray into the global premium electric two-wheeler market.
Stock markets mixed as China-US tensions return to fore
HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
Gold trades with modest losses, holds above $1700 amid escalating US-China tensions
Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com
Japan PM vows to back corporate financing with second extra budget
TOKYO: Japan's government will provide 140 trillion yen (US$1.3 trillion) to back financing of Japanese firms hit by the economic fallout from the ...
Workplace reforms are ‘worth it’, says ACTU boss Sally McManus
Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.
Lengthy housing recovery
Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.
Harvest Health: Licking Its Wounds
Focus on core markets. Cost-cutting and liquidity. Disappointing growth prospects.
This year ‘a write-off’ for Irish banks – Davy
This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
What every Canadian investor needs to know today
A look at the morning’s market action
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
Japan Enacts High-Tech 'Super City' Bill Where AI, Big Data and Other Technologies Are Utilized To Resolve Social Problems
The Diet enacted a bill Wednesday to create "super cities" where artificial intelligence, big data and other technologies are utilized to resolve social problems. The Japan Times reports: The bill revising the national strategic special zone law passed the House of Councilors by a majority vote wit...
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
GCEX to Use Koine Custody and Settlement Service
Koine, a provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GCEX.
G20 finance projects give $77b a year to fossil fuels: Watchdog
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
Need funds after job loss? Your life insurance policy may help you get it in an easy way
People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports
There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
Saudi Arabia: Tax authority begins inspections of shops in retail sector
Campaign aims to ensure commitment of shop owners to VAT system
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
Intel Remains A Blue-Chip Stock to Buy Post-Pandemic
Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.
It’s Time to Take Ford Out to the Junkyard
Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
3 Reasons to Buy Stocks Right Now
Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.
Lowy family-backed fund pays $40m for Melbourne homemaker centre
The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
'Dangerously naive': APRA warns the worst is ahead
The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.
Medicare Recipients May Get Insulin at $35 Per Month
Beginning next year, people on some Medicare Part D or Medicare Advantage Plans who need insulin will be able to access the lifesaving medication for just $35 a month, according to a new plan announced by the White House.
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
S&P 500: No supports of note broken – Credit Suisse
S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not
PBoC: China to roll out 11 financial reform measures in near-term
The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee
WTI attempts a bounce above $34 mark ahead of API data
WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the
Sharp IT budget cuts expected in wake of COVID-19
Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore
Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis
The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.
Boeing set to announce significant US job cuts this week
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Amazon in advanced talks to buy self-driving startup Zoox - WSJ
Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...
Intuitive Surgical: The Growth Leader In Surgical Robotics
Intuitive Surgical is the global leader in surgical robotics. The company has produced outstanding growth rates in both revenue and cash flow over the years. In
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
Buy Carrier Global As Potential Asset Sales Will Reduce Debt
Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Zoox hinted it's had interest from multiple buyers.
CEO pay tops $12.3M
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.
Boeing slashes 12,000 jobs
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Metso unveils new crushing and screening plant concepts for mining
Metso has introduced two new solutions for crushing and screening plants namely, flexible FIT stations and smart Foresight stations.
Proposed Kannapolis budget has no fee or rate increase
Kannapolis City Manager Mike Legg presented the recommended Fiscal Year 2021 budget to the Kannapolis City Council Tuesday evening.
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
Japan eyes fresh $1.1t stimulus to combat pandemic pain
The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
EU to propose €750bn Covid recovery package for states
Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.
Tesla slashes EV prices by up to $5,000 in North America and China
Tesla has given its more expensive models, the Model S and the Model X, the biggest price cut, slashing $5,000 off their old purchase price. The Model S Long Range Plus EV is now listed for $74,990 from $79,990, while the Performance version now costs $94,990.
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
VMLY&R India wins the digital mandate for Colgate-Palmolive
The agency will encompass digital campaign planning, creative thinking, as well as social listening
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
5 Dividend Kings to Buy and Hold Forever
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
5 Stocks to Start Investing in 2020
These top businesses can form the foundation of your investment portfolio.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Advent Partners hones in on GP software biz
The Australian buyout firm is delving back into two of its favourite sectors for its latest investment.
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
Knauf calls in the bankers as Aus building materials sector in play
German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm.
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows
The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit
Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region
It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.
China's GAC keeps target of 3per cent sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...
GoBear raises $17 million for underbanked play
Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
Wall Street Breakfast: Blastoff!
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion
Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips
It's A Bird, It's A Plane, It's Brookfield Property REIT
Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p
Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update
Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C
Sotto: Gov’t needs to rebuild economy
SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).
SMBs Can Apply for Full Paycheck Protection Program (PPP) Loan Forgiveness
Small businesses can now apply for a full paycheck protection program (PPP) with loan forgiveness. To qualify organizations must show 75 percent of their loans were used on payroll and the other 25 percent was spent on expenses like rent or utilities.
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)
Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]
Crypto.com Expands Card To 31 Countries
i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.
Food company promises related to healthy eating are rarely met
B Popkin, The Global Food Research Program, shares the global experience with food industry self-regulation and reflects on how healthy eating promises are rarely met
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
Virus sparks record drop in energy investment: IEA
The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.
The rise of digital taxes during a pandemic
This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Top investor in Italy's Nexi cuts stake as M&A looms
MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
Why U.S. energy CEOs will get big payouts despite oil meltdown
BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
Tesla reduces car prices in North America and China
Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
BitGo Launches Crypto Brokerage for Institutions
BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.
Central Bank of Russia Cancels Banking Licence of Morgan Stanley
The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.
Natixis IM Makes Strategic Investment in UK Savings Fintech
Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2
The contraction in the Q1 FY21 GDP may be as high as 40 per cent.
How COVID-19 has changed the face of insurance industry and the role digital can play
The emerging trends post COVID crisis can be far-reaching. Pandemics can be short-lived, but the economic impact can be long-term.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Govt may launch coal blocks auction under commercial mining on Jun 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official
The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
Upshift Is Looking To Redefine Car Ownership
Upshift is developing a service that makes it easy to lease a car on a short-term basis. The company is also raising capital on the crowdsourcing site, Republic.
7 Cheap Stocks to Buy With Great Potential
In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.
New Zealand Cricket to cut jobs by 10-15% to cope with economic fallout of COVID-19 pandemic
New Zealand Cricket is looking to shed around 10 to 15 percent of its staff and save NZ$ 6 million in operation costs as it copes with the "challenges" posed by the COVID-19 pandemic.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
World Bank approves $346m for projects in Nigeria, others
Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
Tesla cuts prices by as much as 6per cent in North America to boost demand
BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
AT&T: Do Not Let The Yield Fool You
While the dividend yield is tempting, be cautious and do not let it fool you. Huge debt load means shareholder returns are limited. I give T a true value of $40
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
What is hazard pay, and why are Amazon and other companies ending it for essential workers?
The risk to workers hasn't changed, but employers no longer have the same labor market pressures to worry about.
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Postmedia to lay off 40
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Engineering firm Downer secures $294m Eliwana contract from Fortescue
Downer EDI has secured a contract from Fortescue to complete works at the Eliwana iron ore mine in the Pilbara region of Western Australia.
Nissan and Renault unveil steps to cut costs and revamp alliance
Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor
BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime
Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
Wednesday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership
Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
Coinbase Buys Tagomi to Boost Institutional Trading
Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
A.O. Smith partners with FoxyMoron to enhance digital presence
The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout
The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
Air France to cut 40% of domestic flights after bailout
Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
Dubai government offices to resume work with 100 per cent employees from June 14
From Sunday, May 31, government offices will start work with 50% staff
Air France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
Renault and Nissan rule out merger as they unveil survival plan
Companies to cooperate more closely on car production to save costs
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
Quick Profits from the Push out of Tech
We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).
2 Reasons Target Will Be a Post-Coronavirus Winner
Target’s earnings suffered in the past quarter, but two points in the report are reasons to smile.
Expect Canopy Growth Stock to Pass Its Big Earnings Test
CGC stock has rallied from March lows along with other cannabis stocks. As the sector shows signs of life, Canopy earnings need to be solid.
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
Big Hit Entertainment prepares to go public this year
Big Hit Entertainment's new headquartersBig Hit Entertainment is allegedly submitted a pre-initial public offering consultation to Korea Exchange on M…
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...
Another economic crisis and the cupboard appears bare
We need a new accord with government, unions and industry around a new set of reforms to build a sustainable recovery.
Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities
Tesla has received another bullish endorsement with the Wedbush Securities analyst Dan Ives raising the company's stock price target by 33%
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
World’s top companies, including Apple, borrowed $1 trillion in just five months
Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage.
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
Singapore: GDP could contract 4%-7% this year – UOB
Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o
More Unified Approach to Public Procurement Needed to Boost Kazakhstan’s Economic Recovery
Kazakhstan has made significant efforts over the past two decades to bring its public procurement system closer to international standards, but a considerable part of procurement activity has yet to meet these standards, thereby limiting overall effectiveness and efficiency, says a World Bank Assessment. “We acknowledge that the rules and institutions of Kazakhstan’s public procurement […]
USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region
The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
Inflation Fears In A Deflationary World
Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
In 2019, Lagos, Rivers, FCT, Ogun earned more than other 33 states combined — NBS
The quartet of Lagos, Rivers, the FCT and Delta states had a combined internally generated revenue more than all other 34 states of the federation...
Why Copper Could Rise From Here
Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris
NSW freezes public service pay to save $3 billion in pandemic
The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
Micron: Big Bets Are Being Placed
Institutional investors collectively bought about 3.5% (net buying) of Micron's total shares outstanding in the last 13F cycle. Moreover, 11 of Micron's 15 larg
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
Greater Than has launched a cloud-based loyalty program
Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
Is American Airlines Worth Saving?
The U.S. airline industry is in the process of moving from payroll support grants which most carriers received to carrier-specific and optional loans from the U
Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe
Coinbase Set to Acquire Institutional Crypto Brokerage Tagomi
Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed tha
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open
Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.
Apple To Reopen Approximately 100 US Retail Locations
Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
NHS Taps 25 Firms to Provide Security Under a Massive £250 Million Framework
The NHS awards 25 separate cyber security companies access to a £250 million framework designed to boost its cyber security posture.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
Sari Baldauf takes over as Nokia chair from Siilasmaa
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
Factbox: Key climate spending in EU's 'green recovery' plan
BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.
Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19
(Reuters) - Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.
Walmart partners with online fashion reseller thredUP
May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
ZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
To meet revenue shortfall, Punjab to go for additional borrowing amid corona crisis
The state governments have extremely limited fiscal space, especially after the implementation of the Goods and Services Tax.
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
Renault-Nissan-Mitsubishi plan to deepen cooperation
Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and
Tesla Cutting Car Prices to Spur Demand
The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
The Best Way to Play the Current Tech Rally Is eBay Stock
Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
India’s GDP growth may rebound to 5 pc in FY22, says Subbarao
"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.
EU pledges €40b for ‘just transition’ from fossil fuels
BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
The 3 Best Stocks for Beginning Investors
Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
Ralph Lauren speeds up online shift as store reopenings continue
Ralph Lauren Corp. has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world.
Fewer Australians feeling depressed by the crisis
The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.
Fix training to end the quiet Australians' fear of uncertainty
Vocational education reform is about encouraging the quiet Australians to profitably invest in their own human capital, so they need not fear Australia’s 21st-century end of certainty in an information age and globalised economy.
ETFs pave the road for those seeking diversification
ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.
Why bonds are in great demand
Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.
Why SMSFs shouldn't attempt to perform their own surgery
With volatility and financial advice costs both at historic highs, a fintech start-up has pioneered a new way for self-managed investors to find help.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
VerifyME, Jobberman join skills towards robust last-mile authentication
Know-Your-Customer, KYC, technology company, VerifyMe, has entered into partnership with Lagos-based job portal, Jobberman.
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
Wall Street opens mixed, falling tech shares weigh on Nasdaq
Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
A particular opportunity in Chinese stocks – UBS
Economists at UBS forecast a U-shaped recovery and expect Chinese equities to outperform developed markets. Key quotes “In our central scenario, we se
Challenger insurers are doing better than banks during COVID-19
In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
COVID-19 impact: Supercar group McLaren to cut 1,200 jobs across group; cancellation of motorsport events hurt revenue
McLaren are the second most successful team after Ferrari in the sport’s history and gave Mercedes’ six-times world champion Lewis Hamilton his debut in 2007.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
Supreme Committee directs employers to develop employee-friendly policies
The Supreme Committee, dealing with the COVID-19 crisis, has decided to lift the lockdown in the Governorate of Muscat.
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
International Flavors & Fragrances: Growth On Pause Due To Pandemic
In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC
Upwork: Must Grow Faster
After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.
Arbor Realty Trust: Undervalued
Q1 earnings were released on May 8, 2020, with the company posting solid figures. The company's performance seems set to improve in Q2 based on current trends.
HEICO Beats Again, But Caution Is Warranted
HEICO has beat EPS and revenue estimates for the 10th consecutive quarter despite a slowdown in commercial aircraft orders. This is good news, but Q3 and Q4 wil
PICK Is The Pick Of The Litter For Inflationary Times
The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
Economic Update: Fitch Ratings cuts GDP forecasts again – McKinsey see opportunities for a greener recovery
27 May Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO). Brian...Read More...
Trigon Metals acquires copper-silver project in Morocco
Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
KSDP makes a remarkable turnaround
State government’s drug manufacturing facility records profit of ₹7.13 crore
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Australia’s superannuation system drives inequality
Robert Lechte, a welfare-state advocate living in Melbourne, believes that Australia’s superannuation system “enshrines inequality”:
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
United Spirits Q4 results: Net profit plummets 81% to Rs 24 crore
The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
Tesla knocks $5,000 off Model X price as coronavirus hurts demand
Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
Tesla cuts prices by as much as 6% in North America to boost demand
BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21
The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
Renault, Nissan rule out merger, unveil plan to save troubled alliance
Renault and Nissan were among the weakest global automakers going into the coronavirus crisis
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
World Bank approves $346 Million for Nigeria, others on Lake Chad
The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
RIL expanded in every conceivable technology trend: report
IANS Mumbai Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging
Stringent lockdown further reduced GDP forecast: Fitch
IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)
Moderate participation expected in spectrum auctions: ICRA
IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at
2 out of 3 MSMEs are well-placed in lockdown
IANS New Delhi Two out of three micro, small and medium enterprises (MSMEs) are well-placed to surge through the lockdown while 30 per cent are very stron
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
USD/CAD extends rebound, trades above 1.3800 on oil selloff
The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.
Ola Electric Acquires AppScooter Maker Etergo, To Launch Its Two-Wheeler In India Next Year
Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions across cities
Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19
Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore
Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg
Smarter energy use is key to a greener future
LED lightbulbs, programmable thermostats, high-density insulation and electric vehicles—despite these innovations, about two-thirds of the energy produced in the U.S. is lost to inefficiencies, according ...
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore
Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore
Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
Lane Neave Advises MIE Pay On Australian Listing
Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.
A survival-of-the-fittest approach towards MSMEs
The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
Workday Shares Have Become A GARP Story - And A Good One At That
Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to
How Microsoft's Azure Is Helping In The Fight Against COVID-19
Microsoft's cloud business, Azure, along with artificial intelligence is being used by companies and the CDC to battle COVID-19. Microsoft is likely to be a hig
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
Glanbia announces biodiversity payment to suppliers
Glanbia Ireland has announced a 0.20c/L payment to boost biodiversity on dairy farms.
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil
Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?
Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?
Chamber's conversation guests
The Black Country Chamber of Commerce have announced the line-up of guests for its new In Conversation With series of events over the coming weeks.
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
Food industry can weather global economic shock: BKPM
Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.
Tesla slashes EV prices by as much as six percent in North America
Tesla has slashed the price of its electric vehicles by as much as six percent in North America due to waning demand caused by the ongoing Covid-19 pandemic.
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing
(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.
Chinese and French State-owned Enterprises Bid to Construct UK's Second Nuclear Reactor in UK
As the United Kingdom looks to revive its economy as it emerges from the coronavirus pandemic and pursues trade agreements after formally withdrawing from the European...
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
Enel Expands Renewable Energy Platform In US & Chile
Enel began as a utility company in Italy, but it has expanded its presence into a total of 30 countries. Today, its Green Power subsidiary is one of the largest investors in renewable energy in the world and it is growing bigger all the time. This week, the company announced its Green Power North America
Airtel's stake sale to get ready for a bigger fight with Jio
Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board
BT Buzz: What added Rs 86,000 crore to DRL, Sun Pharma market cap in 2 months?
Approval to explore new COVID-19 therapies, licensing and supply deals to manufacture drugs to treat the virus and fast approvals for plants under regulatory scanner have turned the fortunes of most of these companies
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Global stocks mixed on unease over Hong Kong security law
Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
Ola Electric to launch global electric two-wheeler; buys dutch scooter firm
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry
Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
These 4 Chinese Stocks Are Too Risky to Own
Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
Can Marathon Oil Ever Get Back to $30?
Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?
10 Stocks Worth Your Time on Robinhood’s Top 100 List
Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Fast & Furious Crossroads Gets an Explosive Gameplay Trailer and a New Release Date
Fast & Furious Crossroads finally shows off some gameplay, and it's as ridiculous as you'd expect! Check out the game's new release date.
Boeing starts job cuts with 6,770 layoffs in U.S. this week
Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
Boral faces new class action over US windows strife
Maurice Blackburn's class action over Boral's accounting scandal in a US windows business is the second to be launched in Australia.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
Go Long On SinoPharm Group's HKEX Ticker 1099:HK
There are obvious risks investing on Chinese companies right now. President Trump is hell-bent on winning his re-election via anti-China tirades. Most U.S. stoc
COVID-19's Final Act And Epilogue
COVID-19 is winding down. MLPs and MLP closed end funds are a bargain. The stock market has upside but there are many risks.
Chewy: Reaping The Benefit Of Stay-At-Home Measures
Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
SK Telecom: Still Waiting For Positive Change
SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa
Tata Power plans to add 700 MW in renewable energy
Enhances renewables portfolio by 7% to 3,833 MW
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem
The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
Stock indexes rise on optimism of recovery, shrink back
US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained
EU pledges 40 billion euros for 'just transition' from fossil fuels
BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.
Trinity Biotech expects Covid-19 immunity test to be authorised shortly
Irish life sciences company also at advanced stage in developing 12-minute diagnosis test
States need to Raise 20 Lakh Crore rupees to Fight Coronavirus -
Union Minister Nitin Gadkari on Wednesday said that in the wake of the crisis arising out of the Covid-19 pandemic,
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
Banner Health invests in firm that gained attention as domestic PPE manufacturer
Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
'Safety stamp' launched by World Travel & Tourism Council for 'hygienic' destinations and businesses in bid to reassure holidaymakers and speed up tourism recovery
The stamp will allow travellers 'to recognise governments and businesses around the world which have adopted health and hygiene global protocols', so they can experience 'safe travels'.
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results
As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP
The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal
Telangana govt to pay 50% salary to staff for third consecutive month
The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
7 American ETFs for the Hometown Crowd
American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
German chemical firms see 'significant' blows ahead from virus
Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve
To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore
Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg
China's Chery Auto plans to sell cars in EU, United States: chairman
China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
MediaWorks Layoffs Call Into Question The Value Of Bailouts
The Taxpayers’ Union is urging the Government to urgently reassess its seemingly bottomless support for struggling media companies who take taxpayer money one day, and sack hundreds of staff the next.
Volkswagen will sell its new European EVs in a similar way to Tesla — here's how it works, Business Insider - Business Insider Singapore
Business Insider - Volkswagen isn't using a fully direct sales model as it will involve the dealership, but it should eliminate the guesswork when buying a car.. Read more at businessinsider.sg
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Realty Income: A Best In Class REIT
Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
Iron Mountain: Strong Operating Results Despite COVID-19
Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.
Older workers typically work in jobs that cannot be done at home and that involve close contact with others.
The average savings account interest rate is less than 1%, but it's not hard to earn more on your money
The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy
The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.
Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?
Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
Why Latin American airlines are going belly-up?
The move allows Latam Airlines Group to keep operating while it works out a plan to pay creditors and turn around the business.
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors
It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.
Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs
Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
Postmedia to lay off about 40 employees after unions reject salary cuts
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
ASX to rise as Dow, S&P advance
Australian shares are set to open higher with the Dow retaking the 25,000 mark and the S&P 500 closing above 3000.
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
Boeing Slashes Over 12,000 US Jobs Amid COVID-19, Thousands More Planned
Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
SEZAD keeps project deadlines while ensuring COVID-19 safety
While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.
Postmedia to lay off about 40 employees after unions reject salary cuts
TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Govt Delivers Security For Construction Subcontractors
Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months
Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The
Building an unbeatable business starts with the innovation stack | ZDNet
Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.
Elbit Systems Firing On All Cylinders
The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe
FBR to facilitate businessmen in tax matters
Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
Helping supply chains recover
Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
Visa Taps Chris Newkirk To Serve As Chief Strategy Officer
Chris Newkirk is coming to Visa Inc. as its new chief strategy officer.
Nigeria to benefit as World Bank approves $346m for Lake Chad countries
The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations
The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.
After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus
Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
Why NIO Stock Is Rising Today
An analyst upgrade ahead of earnings is giving shares a boost.
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
Tractor Supply News: Why TSCO Stock Is Surging 8% Today
Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
Merkel vows a ‘tough fight’ with Brussels over Lufthansa rescue
Merkel and Vestager brace for a fight over how far Berlin can go to save its flag carrier.
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
Not The First Time: Uttarakhand Returns As The Venue For Communist Nepal’s Territorial Assertion
Dispute with the Communists of Nepal is not new for governments and people in Uttarakhand. Here is a brief recap.
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore
Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg
B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group
Only B.C.’s social, health and corrections workers are eligible for top-ups
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
Why US energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...
Sea Limited: Skeletons In The Closet
SE is inflating revenue. SE is selling goods for a negative gross margin. The maximum potential value is $59.8/share.
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
Tractor Supply Company Is Thriving
Tractor Supply offered Q2 update that is expecting record-breaking sales and earnings Fresh off a stellar Q1, the second quarter is supposed to easily trump tha
Dumpster Diving: (Kirkland's Edition)
On May 18, 2020, Kirkland's reported a business update. The big highlight was 96% e-commerce growth. Despite the costly two month forced shutdown due to COVID-1
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
What is the difference between subsidized and unsubsidized student loans?
One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Four Reasons Why Digital Security (Security Token) Liquidity Has Lagged
How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity -- but there is hope...
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Fed says pandemic inflicted most ‘severe’ damage on travel sector
Beige Book report on economic conditions shows activity fell sharply in most parts of US
Toyota tops the list, Tesla climbs the ranks in Australia's most trusted car brands
The automotive industry is the fifth most-trusted business sector in Australia, but buyers have more faith in some brands over others.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
Approval rating for Modi govt 2.0 falls to 62% from 75% last year: Survey
The government's handling of the Covid-19 pandemic, however, got the highest approval rating
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey
The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance
HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
Formula 1's cost-cutting proposals approved by FIA
Formula 1's plan for cost-cutting measures is approved by the sport's governing body the FIA.
Forex Today: sentiment tosses and turns
What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
Singapore warns of worst economic contraction since independence
Singapore warns of worst economic contraction since independence
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
Tech selloff weighs on S&P 500, Nasdaq
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
Target - On Target, Fairly Valued
Target is enjoying real momentum in sales, driven by digital and essential categories. The store base and specific headwinds in certain categories, including th
Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet
While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.
Walgreens Boots Alliance: The Case For Buying In At Near 5-Year Lows
Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe, employing 440k staff globally
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
LAUNCH DELAYED: Americans Back in Space - The Historic SpaceX and NASA Project
UPDATE: Due to weather issues, the launch has been delayed until Saturday, May 30 at 3:22 pm ET.
Nikola Motor: Investing In The Truck Of The Future
Nikola Motor will compete with the biggest names in trucking, but it won't make a dent to market share until 2024. A very strong product line-up means it can co
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure
NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as...
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
Neste and Covestro enter cooperation related to sustainable plastics production
Neste Corp. (Espoo, Finland) and Covestro AG (Leverkusen, Germany) are starting a strategic cooperation in Europe to promote the use of sustainable raw mat
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis
Most of the reductions will take place this year, according to an internal memo said.
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
Flying high: SAA rescue practitioners defend their R30m fees
Rescue practitioners Siviwe Dongwana and Les Matuson have come under fire for the R30m in fees that they have invoiced and the R10bn spent on restructuring SAA since it was placed under business rescue on 5 December 2019.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
Singapore firm offers to acquire P7.3-b stake in First Gen
Valorous Asia Holdings Pte. Ltd. of Singapore offered to acquire up to 9 percent of outstanding common shares of First Gen Corp. for P7.286 billion.
SPDR Portfolio S&P 500 Growth ETF's Exposure To Technology Stocks Is Advantageous
SPYG invests in large-cap growth stocks in the S&P 500 Index. The fund’s relatively lower exposure to cyclical sectors is advantageous as the impact of COVID-19
Teekay LNG: Attractive Long-Term Cash Flow Visibility Will Move The Needle
Teekay LNG Partners reported solid results with record-high Q1 2020 adjusted net income (7th consecutive quarterly increase). Importantly, the TGP IDRs were eli
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
Charter's Q1 2020: Gushing Cash After Integrating TWC
With 2 large acquisitions almost integrated, capex is falling and FCF is up. The internet segment is the key driver, but a slowdown in fleeing TV and voice cust
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Google highlights Indian 'hack-for-hire' companies in new TAG report | ZDNet
Google also discloses seven coordinated political influence campaigns that took place on its platforms during Q1 2020.
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
U.S. Stocks Climb to 12-Week High; Treasuries Drop: Markets Wrap
All you need to know about global markets today.
GITU: Fine-tune reforms to make tea growing worthwhile
Start a reserve fund for marketing Kenyan tea as a quality global brand.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
FIA approves F1 budget caps over next five seasons starting from 2021
The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
$20 trillion recession to come? Impact of Coronavirus on the world economy
Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.
Can you buy shares in a listed company that wants to delist?
And what happens to those shares if the company does delist?
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
Elgi Equipments to shut Chinese subsidiary on poor show
These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
India: Largest Private Port Operator Partners TradeLens to Deploy Blockchain in SCM
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator has partnered with blockchain-powered digital container logistics platform TradeLens to optimize its port operations and improve supply chain management (SCM).
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
Hundreds of jobs to go as News Corp confirms restructure
News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
ByteDance has become the world's most valuable startup - Gizchina.com
ByteDance has become the world's most valuable startup. The company is the parent company of the controversial TikTok app
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...
Analysis: Pennsylvania’s unemployment trust fund faces insolvency as pandemic continues
Pennsylvania’s unemployment trust fund, the mechanism used alongside the federal CARES Act to provide benefits to unemployed residents amid COVID-19, could face insolvency if the number of claimants remains high into the summer.
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
A Selection Of Appealing Nanocaps
We discuss a selection of nanocap companies with operational and valuation attributes which make them appealing to certain types of investors. Three community b
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
Genesis Energy LP: Too Risky For The Current Environment
Even though it shows some rebound after March lows, Genesis Energy LP remains a risky buy in the current environment. The stock shows high volatility and a high
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
Nevada joins lawsuit over fuel efficiency
Nevada and a coalition of nearly two dozen other states Wednesday sued the Trump administration over a federal rule that rolls back vehicle emissions standards.
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
Apple is reopening more stores, but online progress also sparks optimism
Apple Inc. is slowly reopening more of its stores in what one analyst calls a “sign of improving trends,” but the company seemed to be making strides in the...
Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra
“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
Rise in cyber attacks as cloud services use goes up during Covid-19-induced work-from-home: McAfee
Use of cloud collaboration tools increased by up to 600%, with the education sector seeing the most growth as more students are required to adopt distance learning practices.
Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses
COVID-19 impact and restricted trading is heavily impacting the economy.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
How South Africa can best balance controlling Covid-19 and avoiding economic disaster
There is intense pressure on the government to lift the lockdown and open the economy. Sustainably lifting out of the lockdown is critical. But there is no roadmap.
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
United Airlines reshuffles management as it prepares for uncertain recovery
NEW YORK, May 28 — United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees yesterday, as restrictions to keep the coronavirus from spreading are lifted. With...
Experts: Just beating Covid-19 is not enough to return consumer confidence
KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
REA, AfDB canvass productive energy use in rural areas
Okechukwu Nnodim, Abuja The Rural Electrification Agency, in collaboration with the African Development Bank, has called for an increase in the productive use of energy in rural communities by fa...
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
NZ April fall largest since the filled jobs series began more than 20 years ago
New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Coronavirus Stock Market Bargains: Xerox Stock
Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.